Adx Energy Ltd · ASX:ADX
Adx Energy — EMAS Energy M & A Show March 2021
24 slides from Adx Energy's conference presentation, Mar 30, 2021
Slide 1: Upper Austria M&A Presentation and Prospective Resources Upgrade
ADX Energy Ltd (ASX:ADX) ASX RELEASE 30 March 2021 Upper Austria M&A Presentation and Prospective Resources Upgrade Key Points: The Upper Austria Farmin Opportunity (“Presentation”) to be discussed at the EMAS M & A Show on 30 March 2021 is attached to this release. The presentation is intended to p
Slide 2: ASX Release
ADX Energy Ltd (ASX:ADX) ASX RELEASE ADX Energy Ltd (ASX Code: ADX), is pleased to advise that it has completed technical and commercial work to commence a formal farmout process for the ADX-AT-I and the ADX-AT-II exploration, production and gas storage licenses in the Upper Austria (“AGS licenses”)
Slide 3: Contact details and resource classifications
ADX Energy Ltd (ASX:ADX) ASX RELEASE For further details please contact: Paul Fink Ian Tchacos Chief Executive Officer Executive Chairman +61 (08) 9381 4266 +61 (08) 9381 4266 paul.fink@adx-energy.com ian.tchacos@adxenergy.com.au Authorised for lodgement by Ian Tchacos, Executive Chairman Persons co
Slide 4: Upper Austria Farmin – A Unique Investment Opportunity
EMAS Energy M & A Show – 30 March 2021 Source: RED UPPER AUSTRIA FARMIN – A Unique Investment Opportunity Presented by: Mr Paul Fink CEO ADX Energy Ltd 1
Slide 5: Disclaimer Statement
DISCLAIMER STATEMENT Important Notice This document has been prepared by ADX Energy Ltd for the purpose of providing information to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any comm
Slide 6: Disclaimer Statement (2)
DISCLAIMER STATEMENT (2) Resource Classifications used in this release and attached Presentation. Prospective Resources are those estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) related to undiscovered accumulations. These est
Slide 7: Austria Is a Rare Investment Opportunity
AUSTRIA IS A RARE INVESTMENT OPPORTUNITY ADX Vienna Basin ASSET POSITION Production ▪ 100% equity in oil production asset in Vienna Basin ▪ H2 and CO2 storage potential ▪ 100% equity in appraisal, exploration, gas storage and geothermal acreage in Upper Austria ▪ Assets managed and operated by ADX l
Slide 8: Upper Austria – Opportunity Overview
UPPER AUSTRIA – OPPORTUNITY OVERVIEW Agreements for 2 exploration, Map of ADX licenses and infrastructure production and gas storage concessions (AGS) in Upper Austria New oil discoveries can be signed on 08 January 2021, 4 x 4 years directly tied into existing period, highly efficient licensing sys
Slide 9: Upper Austria – Historical Success Rate
UPPER AUSTRIA – HISTORICAL SUCCESS RATE Recent exploration success rate utilising 3D seismic is 48% Large oil fields discovered No Oil Drilling on 3D.… to be continued by ADX + Partner on 2D seismic & gravity Exploration Source: RAG (REP) ▪ Despite a strong focus on gas and the recent (ca. 2017) RAG
Slide 10: Upper Austria - Drill Ready, 3D Seismic Matured Portfolio
UPPER AUSTRIA - DRILL READY, 3D SEISMIC MATURED PORTFOLIO Gas Oil 5.8 mmboe average prospect size Top 10 Matured Ready to Drill Prospects* * Note: appraisal portfolio not shown here 58 mmboe Best Note Excellent reservoir Balanced oil & Average prospect Technical Resources productivity (~1000 bopd);
Slide 11: Upper Austria - Proven Geothermal Province
UPPER AUSTRIA - PROVEN GEOTHERMAL PROVINCE Blue symbols: Jurassic geothermal facilities in operation – including power generation Source: Bavarian Ministry for Environment ▪ The Molasse Basin is a proven highly active geothermal growth area with outstanding 90% success rate for geothermal wells ▪ Th
Slide 12: Contact Details
CONTACT DETAILS Executive Chairman: Ian Tchacos ian.tchacos@adxenergy.com.au Chief Executive: Paul Fink Paul.Fink@adx-energy.com Finance Manager and Company Secretary: Amanda Sparks amanda.sparks@adxenergy.com.au adx-energy.com 9
Slide 13: Upper Austria Farmout – Background Material
UPPER AUSTRIA FARMOUT BACKGROUND MATERIAL ▪ UNIQUE OPPORTUNITY SUMMARY ▪ UPPER AUSTRIA P&L INVENTORY MAPS ▪ PORTFOLIO RESOURCES ▪ PROSPECT EXAMPLES ▪ GEOTHERMAL EXAMPLES ▪ FARMOUT PROCESS 10
Slide 14: Why Is This Opportunity Unique?
WHY IS THIS OPPORTUNITY UNIQUE ? OVERVIEW ▪ 10 drill ready prospects in 100% ADX owned concessions with ca. 58 MMBOE best technical resource ▪ Variety of independent play types, historical success ratio of 48% ▪ Fully 3D seismic covered, additional appraisal opportunities, geothermal upside, infrast
Slide 15: Matured Ready to Drill Prospect Inventory
MATURED READY TO DRILL PROSPECT INVENTORY ▪ ADX AT I is predominantly gas prone. The prospects – all on 3D seismic - shown and labelled in the map are matured and peer ADX AT–I reviewed. A large number of leads and opportunities is not shown. Large sized “company maker” prospects OHO and ZAM could a
Slide 16: Portfolio Overview - 3D Seismic Matured
PORTFOLIO OVERVIEW - 3D SEISMIC MATURED Note Exploration Map Best Techncial well TD Prospect Name fluid Well Cost Name [mmboe] [m TVD] [MM Euro] Σ HIGH IMPACT EXPLORATION 40,6 OHO gas (oil) OHO 20,4 4 365 6,6 ZELL AM MOOS gas (oil) ZAM 14,5 5 400 7,3 LICHTENBERG gas LICHT 2,7 3 010 3,4 IRRSDORF gas
Slide 17: Low Risk & Large Upside Prospect Example Anshof
LOW RISK & LARGE UPSIDE PROSPECT EXAMPLE “ANSHOF” ANS P90 P50 OIL OIIP P90 P50 P10 MEAN 3 OIIP [10 m3] 329 2 032 8 940 3 613 3 OIIP [10 t] 283 1 751 7 703 3 113 OIIP [106 bbl] 2,07 P10 12,78 56,23 22,73 2 km Trap: Large 3-way dip closure in OIL Estimated Ultimate Recovery (EUR) thrust anticline, 3D
Slide 18: Anshof + Follow Up 95 km² Possible Farmout Area
ANSHOF + FOLLOW UP 95 km² POSSIBLE FARMOUT AREA LIND SGB ANS 95 km² ANS PLAY AREA Example Deal : ANS + 95 km² Farmout Area focusing on the proven high productivity Eocene oil play: The highly productive Eocene near field play area consists of the mature Anshof (“ANS”) prospect and several follow up
Slide 19: Imbricates: New Play - On Trend From Gas Field
IMBRICATES: NEW PLAY - ON TREND FROM GAS FIELD ADX-SIERNING IMB 1 RAG gas field Sierning ADX -SIERNING IMB 1 RAG gasfield Sierning 3D AVO – Gas DHI* map 3D AVO-DHI – Seismic section *DHI stands for Direct Hydrocarbon Indicator Multiple Shallow Gas Prospects on 3D Seismic LARGE NUMBER OF ANALOGOUS OP
Slide 20: Pergern: Trend Oil Exploration + New Gas Play
PERGERN: TREND OIL EXPLORATION + NEW GAS PLAY NNW TWT GRUENDBERG 1 PERG-001 Cenoman Depth (ms) 1000 m Flysch CSST Imbricated Molasse Undeformed Molasse EO-TOP Basement Cenoman Target SZWS -TOP NMSST_TOP T_PrSTM8_LPS_AT_OOE ▪ Low – medium risk prospect next to Sierning oil field with proven Cenomania
Slide 21: ARD: Multi Pay Zone 4-Way Dip Closure
ARD: MULTI PAY ZONE 4-WAY DIP CLOSURE NW ▪ Low – medium risk prospect with large number of targets within a well defined 4 way dip closure and AVO support ▪ 2.2 mmboe best technical recoverable gas volumes for one gas target and the shallow Brunn –opportunity ▪ Best technical resource potential for
Slide 22: Irrsdorf: Trend Exploration - High Impact
IRRSDORF: TREND EXPLORATION - HIGH IMPACT SE NW RAG - HAIDACH IRRSDORF GAS FIELD 155 bcf (produced) MIOCENE STRAT TRAP ▪ Low – medium risk prospect only a few km SE of the Haidach analogy, now the largest gas storage field in Austria (155 bcf gas prod), operated by RAG. ▪ The “IRR” prospect is well
Slide 23: Hydrocarbons & Geothermal Potential
HYDROCARBONS & GEOTHERMAL POTENTIAL ▪ OHO “COMPANY MAKER” PROSPECT: 20 mmboe Best Technical resources High permeabilty ▪ Moderate risk limited to structural definition. fractured Hydrocarbon charge, high productivity reservoir carbonates and seal all proven by downdip well with strong shows ▪ Proven
Slide 24: Two Phase Farm In Process Outline
TWO PHASE FARM IN PROCESS OUTLINE Phase 1: up to 6 weeks • After CA signature ADX provides a basic dataset for a first pass screening evaluation. • The ADX team will be available for half a day of selected project presentations and for a Q&A session. • At the end of phase 1 the potential farminee is