ADX Energy Ltd · ASX:ADX
ADX Energy — 2019 Good Oil Conference
19 slides from ADX Energy's conference presentation, Sep 13, 2019
Slide 1: ADX Energy Ltd 2019 Good Oil Conference
For personal use only ADX Energy Ltd 2019 Good Oil Conference Ian Tchacos Executive Chairman 12 September 2019 “We are transforming our business to become a leading onshore European producer and explorer focussing on rapid returns on investment and cashflow growth”
Slide 2: Disclaimer Statement (1)
2019 GoodOil Conference Disclaimer Statement (1) For personal use only This document has been prepared by ADX Energy Ltd for the purpose of providing information regarding the RAG production asset acquisition to interested analysts/investors and shareholders. Any statements, opinions, projections, f
Slide 3: Disclaimer Statement (2)
2019 GoodOil Conference Disclaimer Statement (2) For personal use only PRMS Reserves Classifications used in this Report Developed Reserves are quantities expected to be recovered from existing wells and facilities. Developed Producing Reserves are expected to be recovered from completion intervals
Slide 4: Company Overview
2019 GoodOil Conference Company Overview A European Focused Producer, Developer and Explorer For personal use only ASX Code ADX Zistersdorf & Gaiselberg Field & 1,229 Shares on Issue Upper Austria million Exploration No of Shareholders 2,545 100% Equity Market Cap @ 1.2 cents $ 14.7 mill Iecea Mare
Slide 5: Recent Activities
2019 GoodOil Conference Recent Activities Summary of Progress Across Asset Base For personal use only ➢ Drilling a successful Parta Making up electric line logging tools for Appraisal Well in Romania & 8 ½” hole on Iecea Mica -1 Appraisal Well Farmout of Surrounding Parta Exploration License ➢ The A
Slide 6: Parta Appraisal Program: Iecea Mica Drilling Results to Date
2019 GoodOil Conference Parta Appraisal Program Iecea Mica – 1 Drilling Results to Date For personal use only Predrill Expectations ➢ Appraisal and exploration objectives in Pannonian sands with deeper Basement Play potential Recoverable Hydrocarbon Volumes ERCE Estimates Prospect Target PRMS P90 P5
Slide 7: Parta Appraisal Program: Implications of results
2019 GoodOil Conference Parta Appraisal Program Iecea Mica – 1 Drilling Results to Date (Implications of results) For personal use only X section of Pannonian Appraisal & Discovery Zones SOUTH IMIC-1 IM-30 NORTH Appraisal & Discovery Well Historic Well Pa III Discovery (1851-1863m MD): 4.5m net gas
Slide 8: Parta Appraisal Program & Parta Exploration
2019 GoodOil Conference Parta Appraisal Program & Parta Exploration What is Next in the Program? Sole Risk Area: IECEA MARE For personal use only 19.4 km² Production Concession Future Appraisal and Exploration Activities ➢ Iecea Mica-1 well suspended for completion and testing with Tacrom 14 drillin
Slide 9: RAG Asset Acquisition - Transaction Overview
2019 GoodOil Conference Austrian Production Acquisition RAG Asset Acquisition - Transaction Overview For personal use only Deal Summary ➢ADX purchase of a 100% interest of Z&G producing oil fields on 2 July 2019. (350 BOPD) ➢€4million production asset acquisition price @ 1/1/2019 - ADX subsequently
Slide 10: Zistersdorf & Gaiselberg Oil Field: What are we Buying
2019 GoodOil Conference Austrian Production Acquisition Zistersdorf & Gaiselberg Oil Field – Vienna Basin “What are we Buying” For personal use only Asset No Kangaroos Stable, economic production, excellent facilities position with upside ➢ Location - Vienna Basin ➢ Wells – 34 production, 14 injecti
Slide 11: Data Agreement & Acreage Access
2019 GoodOil Conference Austrian Exploration Transaction Data Agreement & Acreage Access “A very Unique Opportunity” For personal use only 3650 km2 3D seismic surround RAG’s production Assets Drill Ready Exploration Portfolio with Rapid Pathway to Cash Flow • 3,650 km2 3D area surrounding production
Slide 12: Multiple Layers of Value Available
2019 GoodOil Conference Austrian Production & Exploration Transaction Multiple Layers of Value Available For personal use only “A Game Changer - Providing ADX with a break through position in the Austrian E & P sector and multiple value development Opportunities“ Low Risk, Step out High Impact Explo
Slide 13: RAG Assets – Value Development Potential Key Assumptions
2019 GoodOil Conference RAG Assets – Value Development Potential Key Assumptions For personal use only Z&G Developed Z&G Infill Drilling Z&G field - Flysch Low risk, step out High Impact Exploration Production reservoir development exploration Recoverable 1.0 mmboe 0.5 mmboe 8.5 mmboe 62 mmboe 1,278
Slide 14: Zistersdorf & Gaiselberg Oil Fields Summary
2019 GoodOil Conference Zistersdorf & Gaiselberg Oil Fields Summary For personal use only Mature production with very low decline rate (approx. 2% per annum) ➢Highly optimised, automated and well-maintained production facilities. ➢Efficient and low unit operating cost of $32/bbl ➢High value oil trad
Slide 15: Flysch Potential Z & G Fields
2019 GoodOil Conference Flysch Potential Z & G Fields – Contingent Resource in Proven Reservoir For personal use only Large Contingent Resources underlying Z & G reservoirs ➢Already in production from 5 wells within the Z & G licences ➢Low permeability reservoir needing high density wells but extens
Slide 16: Step-out, Low Risk Exploration
2019 GoodOil Conference Step-out, Low Risk Exploration (available post Jan 2020) For personal use only Sep-outs from existing RAG producing fields ➢Mix of low risk appraisal and exploration with high POS 20%-50% ➢Low Cost Infrstructure – access agreements locked in Exploration Data Base - $100millio
Slide 17: High Impact Exploration Example – Up dip from historic discovery
2019 GoodOil Conference High Impact Exploration Example – Up dip from historic discovery For personal use only Proven hydrocarbon system in thrust sheets of Northern Calcareous Alps (NCA) ➢Play proven with 1980s wells testing gas @ 1.7mmscf/d ➢2D seismic defined leads included in ADX data package Up
Slide 18: Impact of RAG Assets on ADX the Business
2019 GoodOil Conference Impact of RAG Assets on ADX the Business For personal use only Opportunistic appraisal Proactive production, exploration company heavily reliant on and development Company with farmouts & equity access to cash flow and debt RAG Assets are a Break Through Opportunity ➢ Provide
Slide 19: If you would like to know more?
2019 GoodOil Conference If you would like to know more? For personal use only Executive Chairman: Ian Tchacos emails: [email protected] Chief Executive: Paul Fink email: [email protected] Finance Manager and Company Secretary: Amanda Sparks emails: [email protected] Th