Adx Energy Ltd · ASX:ADX
Adx Energy — AuDAX — Shareholder Meeting (February 2010)
27 slides from Adx Energy's shareholder meeting presentation, Feb 22, 2010
Slide 1: ASX Release: General Meeting Presentation
For personal use only ASX Release 22 February 2010 General Meeting Presentation Attached is a copy of the presentation to shareholders for today’s General Meeting at 10am. A copy of this presentation will also be available on the Company’s website www.audax.com.au. Yours faithfully Gary Roper Chairm
Slide 2: AuDAX EGM 22 February 2010 Perth
AuDAX AuDAX EGM 22 FEBRUARY 2010 PERTH
Slide 3: Europe & North Africa asset map
For personal use only AUSTRALIA VIENNA Romania: AMI Italy: GRPU15 Tunisia: Kerkouane & Chorbane WA Mining PEL 182 PERTH EUROPE & NORTH AFRICA
Slide 4: Europe & North Africa asset map
For personal use only AUSTRALIA VIENNA Romania: AMI Italy: GRPU15 Tunisia: Kerkouane & Chorbane WA Mining PEL 182 PERTH EUROPE & NORTH AFRICA
Slide 5: Chairman's Session: Directors
CHAIRMAN’S SESSION Directors For personal use only Gary Roper Chairman Wolfgang Zimmer Managing Director Andrew Childs Director Apologies Peter Ironside Company Secretary Paul Fink Technical Director 4
Slide 6: Proxies Received
For personal use only Proxies Received 36 proxies representing 41,724,549 shares. 5
Slide 7: Resolution: Ratification of the issue of shares
Resolution 1 For personal use only Ratification of the issue of shares “That, for the purpose of ASX Listing Rule 7.4 and for all other purposes, the shareholders ratify the issue of 35,274,219 fully paid ordinary shares in the capital of the Company on the terms and conditions set out in the Explan
Slide 8: Resolution: Proxy details
For personal use only Resolution 1 Proxy details: For 41,671,174 Against 53,375 Abstain Nil Open Nil 7
Slide 9: Europe & North Africa asset map
COMPANY UPDATE For personal use only AUSTRALIA VIENNA Romania: AMI Italy: GRPU15 Tunisia: Kerkouane & Chorbane WA Mining PEL 182 PERTH EUROPE & NORTH AFRICA
Slide 10: Tunisia & Italy
For personal use only TUNISIA & ITALY
Slide 11: Tunisia permit and contract milestones
For personal use only June 2009: 1 mill US$ bond posted for Chorbane September 2009: Chorbane PsC signed with Tunisia October 2009: Kerkouane permit extended by one year to 21st February 2011 January 2010: Drilling Contract for Sambuca signed with Atwood February 2010: Chorbane permit extended by on
Slide 12: Tunisia & Italy Assets
TUNISIA & ITALY ASSETS For personal use only Tunisia & Italy: Sicily Channel Blocks ITALY CHORBANE BLOCK 100% AuDAX ALGERIA LIBYA
Slide 13: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT 20-80 km2 Closure, 20 – 80 mbbls recoverable oil resource range, Tcf range deeper gas For personal use only potential Objectives: Eocene Nummulitic Reservoirs Abiod Limestone 140m thick at REF-1. Potential for southwards strat trap on crest of horst Bireno is 88m at REF
Slide 14: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT For personal use only
Slide 15: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT Metlaoui Flat Spot For personal use only SW NE Metlaoui Abiod
Slide 16: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT For personal use only •FLAT SPOT COMFORMABLE WITH STRUCTURAL CONTOURS •INDICATIVE OF GAS COLUMN OF: 70 TO 120 METERS •POSSIBLE GAS RESOURCE 160 BCF
Slide 17: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT NEAR TOP ABIOD For personal use only 25 sqkm closure SMS-1 CHAKER-1 Gore Sober DHI HKS-1 25 sqkm closure Chaal Field
Slide 18: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT For personal use only
Slide 19: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT For personal use only
Slide 20: Chorbane: Sidi Daher Prospect
CHORBANE: SIDI DAHER PROSPECT For personal use only
Slide 21: Summary Chorbane
SUMMARY CHORBANE “COMPANY MAKER” OPTION POST SAMBUCA For personal use only RIGOROUS PAST WELL ANALYSIS CONFIRMS EXCELLENT POTENTIAL SEISMIC MAPPING CONFIRMS SEVERAL VALID PROSPECTS WITH OUTSTANDING UPSIDE POTENTIAL LOI WITH DNO: FARM – OUT Chorbane Sidi Behara DRILL LATE 2010 Sidi El Itaye
Slide 22: Australia
For personal use only AUSTRALIA
Slide 23: AuDAX Minerals
AuDAX MINERALS For personal use only AUSTRALIA VIENNA Romania: AMI Italy: GRPU15 Tunisia: Kerkouane & Chorbane WA Mining PEL 182 PERTH EUROPE & NORTH AFRICA
Slide 24: Western Australia Minerals Interests
WESTERN AUSTRALIA MINERALS INTERESTS Spin off For personal use only Western Australia: Marymia Gold Development Area 7 K5 Area 6
Slide 25: ADX Mount Webb Sweet Spots
ADX MOUNT WEBB SWEET SPOTS For personal use only ADX Mount Webb ADX Mount Webb ADX Mount Webb Encouraging drilling results by Ashburton!
Slide 26: Contact
CONTACT For personal use only Wolfgang Zimmer: Managing Director Paul Fink: Technical Director Gary Roper: Chairman Office: 11 Ventnor Avenue, West Perth Australia WA 6005 Ph: +61 8 9226 2822 Fax: +61 8 9226 5333 Website: www.audax.com.au Email: [email protected] paul.fink@audax-re
Slide 27: Disclaimer
DISCLAIMER For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be effected by a variety of variables whic