Adx Energy Ltd · ASX:ADX
Adx Energy — AuDAX Energy — Shareholder Meeting (April 2008)
25 slides from Adx Energy's shareholder meeting presentation, Apr 18, 2008
Slide 1: ASX Release: General Meeting Presentation
For personal use only ASX Release 18 April 2008 Attached is a copy of a presentation to shareholders at the General Meeting 18 April 2008. A copy of this presentation will also be available on the Company’s website www.audax.com.au. Yours faithfully Gary Roper Chairman
Slide 2: Introduction
For personal use only INTRODUCTION In November 2007 AuDAX acquired 100% of the company Alpine Oil and Gas Pty Ltd which had assets including a free carry (A$1.6m) in a Joint Study and Bidding Agreement in Romania with partners Nexus and Kairiki Energy and an Area of Mutual Interest Agreement in Tuni
Slide 3: Company Structure
COMPANY STRUCTURE For personal use only Fully Paid Ordinary Shares 167,567,990 Options 27,630,047 Unlisted Options 7,650,000
Slide 4: Key Experience Personnel
For personal use only Key Experience Personnel Dr. Wolfgang Dr Zimmer has over 28 years experience in the oil and gas industry. He worked for Mobil for 11 years primarily in Europe and USA, for OMV, the Austrian oil company for over 14 years fulfilling Zimmer a variety of management roles and was al
Slide 5: Opportunities: Romania, Tunisia & Italy
For personal use only OPPORTUNITIES & ROMANIA TUNISIA & ITALY STATUS MARCH 2008 * Note: This presentation focuses on the assets which have the potential to deliver within the short to medium term.
Slide 6: Asset Portfolio
ASSET PORTFOLIO For personal use only VIENNA KERKOUANE CRAIOVA CONDENSATE APPRAISAL EXPLORATION G.R.15.PU (ITALY) EXPLORATION CHORBANE EXPLORATION
Slide 7: Selected Activity Highlights
SELECTED ACTIVITY HIGHLIGHTS For personal use only ¾ Q4 2008: DRILL 1 WELL (UP TO 3 WELLS) IN ROMANIA SOUTH CRAIOVA: ¾ Opportunity to establish early production from small but highly economic gas fields (5 – 20 bcf) ¾ Q4 2008: DRILL HIGH IMPACT EXPLORATION PROSPECT (SAMBUCA) IN ITALY: ¾ “Game Change
Slide 8: Summary
SUMMARY For personal use only ¾ROMANIA SOUTH CRAIOVA: ¾ Opportunity to establish early production from small but highly economic gas fields (5 – 40 bcf) ¾ Low cost opportunity (Bread & Butter) ¾ HIGH IMPACT EXPLORATION PROSPECT IN OFFSHORE TUNISIA & ITALY: ¾ “Company Maker” offshore Italy and Tunisi
Slide 9: Petrom Relinquishment
PETROM RELINQUISHMENT For personal use only UKRAINE HUNGARY SOUTH CRAIOVA EXPLORATION ASSET Petrom Relinquishment Areas approx.22,000 km2
Slide 10: South Craiova Exploration Asset
SOUTH CRAIOVA EXPLORATION ASSET For personal use only Picture of Canyon taken 30 million years ago
Slide 11: South Craiova Permit Overview
SOUTH CRAIOVA PERMIT OVERVIEW For personal use only ¾Approx. 5900 sqkm ¾Operated by Sterling Resources, AuDAX 20%, Kairiki 20% equity ¾License expires 31st December 2009 ¾All Commitments fulfilled ¾ New Canyon Play evolved in 2007: Fast gas development, follow – up and reserves replacement opportuni
Slide 12: Goshwak Canyon Prospects
GOSHWAK CANYON PROSPECTS For personal use only 350 m Grand Canyon Baliesti Canyon • Principal exploration focus area Base Oligocene • Up to 2km deep, 24km wide • Target embedded biogenic gas charged channels • multiple low-risk, low-cost, rapidly monetisable targets Displays at same horizontal and v
Slide 13: NG-1 Prospect
NG-1 PROSPECT For personal use only NW LINE 06-11-03 SE Main Target, 550 meters Secondary Target with Mounded Geometry: to be tested, 800 meters Base Oligocene TWT Map 6.7 sqkm Central Part Carrmatura-40 Gas production
Slide 14: Summary South Craiova
SUMMARY SOUTH CRAIOVA For personal use only ¾ Redirection of exploration focus from deep Mesozoic Oil Structures to shallow Tertiary Canyon fill gas plays. ¾ Highly economic low risk play which could open up a series of gas field developments (5 – 20 bcf per field) . ¾ Large and prospective parts of
Slide 15: Tunisia (& Italy)
For personal use only TUNISIA (& ITALY) Vienna
Slide 16: Tunisia & Italy Acreage Position
TUNISIA & ITALY ACREAGE POSITION For personal use only KERKOUANE, AuDAX 80% G.R.15. PU (ITALY), AuDAX 80% CHORBANE, AuDAX 50% Kerkouane: Appraisal & Exploration G.R.15 : High Impact Exploration Chorbane: Onshore large – med. size exploration
Slide 17: AuDAX Acreage
AuDAX ACREAGE For personal use only Kerkouane, AuDAX currently 80% •Dougga Appraisal Opportunity •High Impact Sambuca Exploration (ITALY) •Follow Up Exploration Prospects •400 km 2D seismic in 2008 •Drill in 2008 / 2009 (ITALY) Chorbane, AuDAX 50% •3 matured Medium - Large Size Prospects • 3 structu
Slide 18: Tunisia Hydrocarbon Potential
TUNSIA HYDROCARBON POTENTIAL Tunisia Regional Prospectivity Review: Workscope For personal use only MULT I – BASIN – MULTI HYDROCARBON SYSTEMS Vienna • Palaeozoic systems: Ghadames Basin including the Talemzane Arch • Jurassic systems: Pelagian Basin Southern Atlas and Pelagian Basin 3. Cretaceous s
Slide 19: Chorbane
CHORBANE For personal use only Pelagian Basin (USGS): > 1.2 billion bbls & 5TCF within 117 fields 350 MMBO
Slide 20: Prospect Example: Sidi Daher
PROSPECT EXAMPLE: SIDI DAHER For personal use only TOP NARA TIME MAP KN -11 TOP NARA (Jurassic) ESTIMATED AT 2400 to 2500m KN-101 KN -7 TOP ABIOD TOP APTIAN TOP JUARSSIC Large Structure with multiple (4) pay zone possibilities.
Slide 21: Kerkouane & G.R. 15. PU (Italy)
For personal use only KERKOUANE & G.R. 15. PU (ITALY) KERKOUANE 3847 SQKM G.R.15.PU 657 SQKM
Slide 22: Dougga & Sambuca
DOUGGA & SAMBUCA For personal use only SICLIY (ITALY) SAMBUCA EXPLORATION TUNISIA DOUGGA APPRAISAL LARGEST UNDRILLED STRUCTURE (SAMBUCA) AND UNDEVELOPED GAS CONDENSATE FIELD IN MEDITERRANEAN
Slide 23: Dougga & Sambuca
DOUGGA & SAMBUCA For personal use only NEAR TOP ABIOD DEPTH MAP Sambuca Dougga
Slide 24: Dougga & Sambuca
DOUGGA & SAMBUCA For personal use only Dougga Sambuca DOUGGA GAS CONDENSATE DISCOVERY: 500 meter vertical closure, 45 sqkm area; Dougga-1 in downdip position, approx. 280 meters below crest, 70 meter gas column in Dougga-1, no GWC encountered SAMBUCA OIL & GAS PROSPECT: 60 sqkm area
Slide 25: Summary
SUMMARY For personal use only ¾ROMANIA SOUTH CRAIOVA: ¾ Opportunity to establish early production from small but highly economic gas fields (5 – 20 bcf) ¾ Low cost opportunity (Bread & Butter) ¾ HIGH IMPACT EXPLORATION PROSPECT IN OFFSHORE TUNISIA & ITALY: ¾ “Company Maker” offshore Italy and Tunisi