Elixir Energy Limited · ASX:EXR
Elixir Energy — Merger or Acquisition (July 2014)
18 slides from Elixir Energy's merger presentation, Jul 25, 2014
Slide 1: Acquisition of the Petra Project, Colorado
Acquisition of the Petra Project, Colorado New Management, New Project and New Focus For personal use only July 2014 Drilling and production activity on nearby Great Plains field Dougal Ferguson Chief Executive Officer (ASX:EXR)
Slide 2: Investment Highlights
Investment Highlights For personal use only New conventional US (Colorado) oil play in proven hydrocarbon basin, opened-up by recent nearby discoveries Low cost vertical exploration wells, 2-3 month payback with very low decline rates Strong alignment with local US Operator with proven executi
Slide 3: Petra Project, Colorado: Acquisition Overview
Petra Project, Colorado Acquisition Overview For personal use only Binding agreement to acquire a significant acreage position in a new conventional US oil play: I. 50% Working Interest (~43.75% NRI) in 14,455 net acres on highly prospective Mississippian trend in Washington County, East Colorado,
Slide 4: Corporate Overview
Elixir (ASX:EXR) Corporate Overview For personal use only Capital Structure Current Pro-Forma* Board & Key Management (million) (million) Sam Willis Non Executive Chairman Ordinary Shares (ASX:EXR) 431 1,031 Dougal Ferguson Chief Executive Officer * Unlisted Options (ex 1.0 - 1.5 cents) 15 27 Mark O
Slide 5: Petra Project: An Attractive Exciting new Oil Project
Petra Project An Attractive Exciting new Oil Project For personal use only Shallow, Conventional Oil, Cheap Entry New, successful and lightly explored play concept in the Mississippian and Pennsylvanian Proven, repeatable, conventional oil discoveries Low cost vertical wells – exploration well
Slide 6: Petra Project: Exciting Land Position in New Conventional Play
Petra Project Exciting Land Position in New Conventional Play For personal use only 50% Working Interest (~43.75% NRI) in 14,455 net acres on new Mississippian and Pennsylvanian trend in Washington and Lincoln Counties, Colorado, offsetting recent discoveries Long term leases: 5 year primary t
Slide 7: Apollo Operating LLC
Apollo Operating LLC Quality US Partner Aligned with Elixir to Drive Project Success Apollo Wattenberg Development For personal use only Apollo comprises a small but highly skilled team including two land men, a geophysicist, a drilling engineer and a petrophysicist Excellent proven track record
Slide 8: Mississippian & Pennsylvanian Discoveries: Opening of a New Play Trend
Mississippian & Pennsylvanian Discoveries Opening of a New Play Trend For personal use only Significant conventional oil volumes discovered in recent years have opened up a new play trending ELIXIR LEASES south-west to north-east and proximate to the Petra Project. New fields discovered include: G
Slide 9: Nighthawk Energy plc: Growth in Value on Conventional Discoveries
Nighthawk Energy plc Case Study – Growth in Value on Conventional Discoveries For personal use only Growth in Market Capitalisation Since Discoveries ~$20 Million to +$220 Million in less than 2 Years $300,000,000 Snow King Discovery Nighthawk net (IP’s at 300-400 bopd) monthly revenue exceeds US$5M
Slide 10: Nighthawk Energy plc: Strong Flow Rates and high NPV's
Nighthawk Energy plc Case Study – Strong Flow Rates and high NPV’s The Case for Conventional Oil For personal use only Conventional reservoirs yield high productivity wells at sustained production rates Strong IP rates (up to 500 bopd) result in early cash flow providing early funding options
Slide 11: Nighthawk Energy plc: Arikaree Creek Oil Field
Nighthawk Energy plc Case Study – Arikaree Creek Oil Field For personal use only Structural map of the Arikaree Creek oil field Located less than 5 miles south-west of the Petra Project, Arikaree Creek now has 9 producing wells all drilled since 2012 Initially discovered by the Steamboat Hansen
Slide 12: Wattenberg Project: Option Over this Burgeoning Resource Play
Wattenberg Project Option Over this Burgeoning Resource Play For personal use only Deal Summary Well Activity – Wattenberg Project Area Net Land Position (up to) 1,000 acres EXR expenditure to exercise option (up to) US$500,000 Working Interest 50% Net Revenue Interest (NRI) 40% Potential Contingent
Slide 13: Moselle, Onshore France: Significant Value Potential
Moselle, Onshore France Significant Value Potential For personal use only Conventional Potential at Moselle – Top 3 Prospects French policy continues to be focussed on Independently Verified by RPS renewable energy, but with commitments to Prospective Recoverable Gas Resources (Bcf) – Mean Estimat
Slide 14: Forward Program
Forward Program An Active Work Program with Meaningful Value Milestones For personal use only Purchase, Complete Wattenberg Shoot New Drill Two Reprocess & Acquire New Petra Project Project 2D Data and Exploration Interpret 2D Leases Acquisition Option Interpret Wells Data September 2014 Q4 2014 Q1
Slide 15: Investment Summary
Investment Summary For personal use only New conventional US (Colorado) oil play in proven hydrocarbon basin, opened-up by recent nearby discoveries Low cost vertical exploration wells, 2-3 month payback with very low decline rates Strong alignment with local US Operator with proven execution
Slide 16: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This document has been prepared by Elixir Petroleum Limited (ABN 51 108 230 995) (“Elixir”) in connection with providing an overview of its business to interested analysts/investors. This presentation is being provided for the sole purpose of provi
Slide 17: Contact Information
Contact Information For personal use only Dougal Ferguson Chief Executive Officer +61 (08) 9226 2111 dferguson@elixirpetroleum.com 17
Slide 18: DJ Basin: Annexure - Geological Setting
DJ Basin Annexure 1 - Geological Setting For personal use only The Denver-Julesburg Basin province (black outline) spans SE Wyoming, western Nebraska, NW Kansas and eastern Colorado Activity has been primarily focused on the giant Wattenburg unconventional oil resource play, Colorado Mineral whi