Maverick Minerals Australia Ltd · ASX:M96
Maverick Minerals Australia — Exoma Energy — Shareholder Meeting (May 2008)
21 slides from Maverick Minerals Australia's shareholder meeting presentation, May 15, 2008
Slide 1: AGM Presentation
AGM Presentation 15th May, 2008 “Exoma Energy is an emerging onshore oil and gas producer, focused on increasing production and revenues from the targeted development of its existing acreage and additional land positions.” ASX Code: EXE ASX Code: EXE May 2008 1
Slide 2: Disclaimer
Disclaimer This presentation is not a Prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection
Slide 3: Capital Corporate
Capital Corporate Shares on Issue 73,976,250 Non Executive Directors • Mr John Hopkins (Chairman) Options (post EOI) 74,176,250 • Mr Steven Noske (Technical) Market Cap $7.3 million Shareholders ~ 620 Executive Directors Top 20 41% • Mr David Rowbottam (MD) • Mr Brendan Egan (Exec. Director) Largest
Slide 4: Positioned for production and revenue growth
Positioned for production and revenue growth • Self funding onshore Texas and Oklahoma E & P company • Increased net monthly Anadarko revenues from US$100k to US$190k with revenues from Kelln 94‐2 and productivity improvement gains on existing Operated wells • Increased production from existing Comp
Slide 5: Positioned for production and revenue growth
Positioned for production and revenue growth • Two new Anadarko sections have been leased with further opportunities available including promoter premium as deal initiator; working to leverage off using alliance partners’ skill sets. • Drill programme includes a single vertical and four horizontal d
Slide 6: Existing production and revenue base
Existing production and revenue base ASX Code: EXE May 2008 6
Slide 7: Revenue base – commodity pricing
Revenue base – commodity pricing ASX Code: EXE May 2008 7
Slide 8: Growth strategy
Growth strategy • Growth is being achieved by leveraging off an experience, capable and connected management team through the development of existing acreage and the development of new ventures • Development – Crusader horizontal programme – SG sec 2, 10 & 11 – Canyon horizontal programme – SG sec 9
Slide 9: People
People ASX Code: EXE May 2008 9
Slide 10: Alliance partners
Alliance partners • Hadaway Engineering (Contract well operations Oklahoma) – Managed the drilling of all three Company Operated wells and has a small direct interest in each well, • Canyon Exploration Company (Anadarko JOA partners) – 15‐20 exploration wells per year & 180+ wells in production • Cr
Slide 11: Anadarko Basin
Anadarko Basin ASX Code: EXE May 2008 11
Slide 12: Why the Anadarko Basin in Oklahoma?
Why the Anadarko Basin in Oklahoma? • A tremendous database on prior exploration is available. • Targets are less than 12,000 vertical feet and not over‐pressured. • Contract Operator’s strength and local knowledge in drilling both vertical and horizontal wells in the region. • Favourable land manag
Slide 13: Anadarko Basin - acreage
Anadarko Basin ‐ acreage “Held by Production” acreage does not require to be re‐leased. Most of the original leased acreage outside the Held by Production area has since expired and Exoma has re‐ leased substantial parts of these sections. ASX Code: EXE May 2008 13
Slide 14: Anadarko Basin – multi-formation play
Anadarko Basin – multi‐formation play ASX Code: EXE May 2008 14
Slide 15: Anadarko Basin – multi-formation play
Anadarko Basin – multi‐formation play • This is an illustration of how we see the potential for a multi‐formation play working in one of the Anadarko sections; ASX Code: EXE May 2008 15
Slide 16: Anadarko Basin – hot territory for horizontal drilling
Anadarko Basin – hot territory for horizontal drilling ASX Code: EXE May 2008 16
Slide 17: Why East Texas?
Why East Texas? • East Texas Exploration – Rated low to medium risk by Netherland Sewell & Assoc – Good local Alliance Partner (Sterling) with established track record and drilling contractor contacts – Potential “Company Maker” targets available with inherently higher costs and associated risks. –
Slide 18: East Texas – Glory Road
East Texas – Glory Road • Glory Road‐2 (Cook Mountain) • Spudding deferred to late 2008 • Target estimates of 12.7 BCF and 634 MBOE • Maximum depth of 13,000 feet • Independently rated as low to moderate risk • WI 33% (NRI 18.75%) • 3D seismically defined ASX Code: EXE May 2008 18
Slide 19: East Texas – Goliath
East Texas – Goliath Hydrocarbon targets: The Goliath Prospect is a very large Lower Wilcox Age sand gas target with an independently estimated unrisked resource ranging from an estimated P90 figure of 34.7 BCF to a P10 of 130 BCF. It is a high side closure, defined by 3D seismic, located adjacent t
Slide 20: Drilling Programme
Drilling Programme Well April May June July August September October November December Development Wells Section 9, Anadarko Horizontal Basin (25% WI) Develop well 1.5B & 50MBO Section 16, Anadarko Horizontal Basin (25% WI) Develop well 1.5B & 50MBO Section 2, Anadarko Horizontal Basin (25.87% WI) D
Slide 21: Summary
Summary • Exoma is cash flow positive (pre exploration expenditure) • Exoma has a production‐focused growth strategy • Exoma has an experienced management team, contractors and alliance partners • Achieved stage one annualised revenue target of US$2.3 million pa as of April 2008. • On target to achi