Axp Energy Limited · ASX:AXP
Axp Energy — Austin Exploration — Investor Presentation (September 2015)
16 slides from Axp Energy's investor presentation, Sep 28, 2015
Slide 1: Re-Tuned for Low Cost Production
Re-Tuned for Low Cost Production Investor Presentation - September 28 2015
Slide 2: Investment Highlights
Investment Highlights _________________________________________ • One of the few U.S. focused oil & gas companies actively expanding in a low oil price environment • Two high impact, low cost Pierre wells to be drilled in Colorado in 2015. A discovery will be a “game changer” for the Company • Addit
Slide 3: Corporate Structure
Corporate Structure _________________________________________ Corporate Snapshot Major Shareholders ASX Code: AKK Lanstead Partners Ltd 16.95% Cash (as at 30 June 2015): $1.8Mil Board & Management 2.34% Market Cap $6.6m Mr W. Cavanagh 1.39% (@$0.02/share): Mr & Mrs J Capp 1.07% 52 week high ($/share
Slide 4: Austin's Board Of Directors - Proven Company Builders
Austin’s Board Of Directors - Proven Company Builders ________________________________________ Dr. W. Mark Hart, Non-Executive Chairman Dr. Hart has more than 35 years of executive experience across the world in a number of major mining and energy companies, including Standard Oil Minerals, Newmont
Slide 5: Austin's Board Of Directors - Proven Company Builders
Austin’s Board Of Directors - Proven Company Builders ________________________________________ Mr. Stuart Middleton – Non-Executive Director Mr. Middleton has joined the Austin Exploration board of directors as a non-executive director based in Sydney. Stuart has recently returned to Australia from
Slide 6: Normalized G&A Costs
Re-Tuned for Low Cost Production & Future Growth ___________________________________________ Cost Control Measures & WTI Crude Price By Quarter Austin Normalized G&A Costs WTI Price $900,000 $110.00 $800,000 $100.00 Normalized G&A Costs $90.00 $700,000 WTI Price $80.00 $600,000 $70.00 $500,000 $60.0
Slide 7: Diversified Low Risk Portfolio
Diversified Low Risk Portfolio _________________________________________ Asset Cost Risk Benefit Kentucky Illinois Basin Low Low Medium Mississippi Wilcox Basin Low Low High Colorado Pierre Formation Low Medium High Niobrara Formation Medium Low High Texas Eagle Ford Suspended Suspended Suspended •
Slide 8: Significant Oil and Gas Reserves & Resources
Significant Oil and Gas Reserves & Resources 45 million barrels + of unlocked oil and gas potential _________________________________________ • Huge amount of unlocked oil and gas reserves over Austin diversified asset base offers investors significant future upside • Colorado reserves and resources
Slide 9: Low Cost Exploration – Colorado Pathfinder
Low Cost Exploration – Colorado Pathfinder _________________________________________ Pathfinder Project Pathfinder encompasses 15,282 acres (AKK:100%) – big enough for over 350 wells, with 40 acre spacing First company to secure oil and gas rights directly next door to the second oldest oil field in
Slide 10: 15 million barrels of shallow low cost oil produced
15 million barrels of shallow low cost oil produced _________________________________________ Directly Next To Austin’s Property • Pathfinder flagship project is located on trend with the second oldest oil field in North America • Similar geography to high impact producing wells found through AKK’s
Slide 11: Low Cost Exploration – Mississippi
Low Cost Exploration – Mississippi _________________________________________ Well Name IP Depth Formation Ellislie #1 82 BOPD 6,445’ – 6,450’ Armstrong Sands Armstrong #1A 135 BOPD 6,445’ – 6,450’ Baker Sands Bourke #4 248 BOPD 6,108’ – 6,111’ Baker Sands (MS #3) Bourke #5 15 BOPD 6,500’ – 6,550’ Pa
Slide 12: Low Cost Drilling & Production – Kentucky
Low Cost Drilling & Production – Kentucky _________________________________________ Kentucky ~4000 acres in the oil and gas rich Illinois Basin • Kentucky Exploration LLC. Approx. 4000 acre 50/50 Joint Venture with private Australian Investment Company • Achieved a record production day rate of 50 B
Slide 13: Non-Core Assets
Non-Core Assets _________________________________________ Burleson County, Texas Birch Eagle Ford Non-Conventional High Cost Asset (Drilling Suspended) • Austin has a 30% Working Interest in Texas Operations, Net Revenue Interest of 22.5% • Halcon Resources Corporation announced in 2014 the property
Slide 14: In Summary
In Summary _________________________________________ Austin has significantly reduced corporate overheads, salaries reduced from US1.98m to ~US$500,000 per annum Austin’s 20,000 acres across three proven hydrocarbon basins in the US will support more than 400 wells over time Four Basin Diversifie
Slide 15: Contact Details
Contact Details _________________________________________ Austin Exploration Limited Suite 605, Level 6 50 Clarence Street Sydney NSW 2000 Australia P: (02) 9299 9580 F: (02) 9299 9501 www.austinexploration.com Austin Exploration Inc. 7985 W. 16th Ave. Lakewood CO 80214 P: (303) 233 2232 F: (303) 23
Slide 16: Disclaimer
Disclaimer _________________________________________ Statements made by representatives of Austin Exploration Limited during the course of this presentation that are not historical facts are forward-looking statements. These statements are based on certain assumptions made by the Austin Exploration
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