Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — Investor Presentation (February 2012)
24 slides from Elixir Energy's investor presentation, Feb 17, 2012
Slide 1: ASX Announcement: Moselle Permit Update
ASX ANNOUNCEMENT For personal use only ABN 51 108 230 995 17 February 2012 Company Announcements Platform Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement Moselle Permit Update Company Presentation Materials Please find attached to this document a copy of the pr
Slide 2: Moselle Project Update: Additional Conventional Prospectivity Identified
Moselle Project Update Additional Conventional Prospectivity Identified For personal use only 17 February 2012 Andrew Ross Managing Director (ASX:EXR)
Slide 3: Important Notice and Disclaimer
Important Notice and 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 pro
Slide 4: Corporate Profile
Corporate Profile For personal use only Capital Structure at 16 Feb 2012 Exchange ASX:EXR 13.3% Insto 17.9% Ordinary Shares 217.3m 68.8% Retail Unlisted Options (held by staff) 6.0m Aurora No of Shareholders 1,450 Top 20 Shareholders 53% Trading Performance at 16 Feb 2012 Trading Range (prior 12 mon
Slide 5: Overview and Update
Moselle Permit Overview and Update For personal use only • Elixir holds 100% of the 1.34m acre Moselle Permit - largest exploration permit onshore France • Moselle represents the dominant acreage position in the Saar-Lorraine Basin, NE France • In Q4, 2011 completed 20 months of technical studies on
Slide 6: Overview and Update (cont'd)
Moselle Permit Overview and Update (cont’d) For personal use only • Unconventional Prospectivity Sept 2011 - NSAI estimate of mean prospective in-place volume of 165,000 mmbbls and 650 Tcf Two thirds of volume in tight sands and one third in shales Geochem and Pyrolysis studies indicates that it is
Slide 7: Location and Overview
Moselle Permit Location and Overview For personal use only Location Onshore, NE France Area 5,360 km2 (1,340,000 acres) Ownership 100% Term 5 years Paris Basin Expiry Feb 2014 Extensions Yes, 2 x 5 years 2D Seismic Data Set 2,826 line kilometres Reprocessed 2D Seismic 1,309 line kilometres Land and
Slide 8: Petroleum System
Moselle Permit Petroleum System For personal use only Trap Styles 7
Slide 9: Play Types - Overview
Moselle Permit Play Types - Overview For personal use only Existing Play Type Conventionally reservoired oil and/or gas Triassic Play Has been the focus of the majority of past exploration activity in Saar-Lorraine Basin Conventional Play Types Digital seismic now available to better guide efforts 7
Slide 10: Drilling History
Drilling History Overview For personal use only Paradigm Shift – First Oil Resource Crisis Plays • Morhange – Forcelles – CBM targets - Gas to surface Oil Discovery • Saulcy • Pont-Au-Mousson - • Lorrettes Gas to surface Trois Fontaine – • Chaumont Gas Discovery Focus on drilling Saar-Lorraine antic
Slide 11: Typical Landscape in Lorraine Region
Moselle Permit Typical Landscape in Lorraine Region For personal use only • Total area of Lorraine Region is 23,500km2 • Total population in region of 2.3m • Long history and acceptance of industry in the Region • Two major population centres - Metz and Nancy • Relatively low population density of 9
Slide 12: Conventional Prospects and Leads
Moselle Permit Conventional Prospects and Leads For personal use only • 19 conventional prospects and leads identified in Q3, 2011 A in the Triassic and Upper Carboniferous • Prospects and leads generated from 2D seismic (Phase 3) data set (985 line km’s) • Netherland Sewell independent volumetrics
Slide 13: Conventional Prospects and Leads (cont'd)
Moselle Permit Conventional Prospects and Leads (cont’d) For personal use only Conventional Prospective In-Place Mean Prospective • 34 targets in total have been mapped across Resources* Unrisked Volumes Risked Resources the three conventional plays Number Oil Case - Gas Case - Oil Case Gas Case – C
Slide 14: Conventional Prospects and Leads (cont'd)
Moselle Permit Conventional Prospects and Leads (cont’d) For personal use only • Geologically reasonable results for in-place and risked recoverable volumes • Have applied sense checks against prior discoveries, which provides comfort - – Compared distribution of all 52 developed Paris Basin fields
Slide 15: Conventional Stacked Pay Opportunities
Moselle Permit Conventional Stacked Pay Opportunities For personal use only Nancy East Nancy West Foug Toul East Toul West Bullseye Contour Maps Total No of Prospects 6 6 2 3 4 - 21 No of Leads 1 - - - 1 4 6 Total Stacked 7 6 2 3 5 4 27 Horizons Measured Depth to 400m 750m 810m 1,250m 720m 450m Top
Slide 16: Drilling Preparations
Moselle Permit Drilling Preparations For personal use only • Drilling engineering consultants appointed and initial engineering study delivered • Alternative well designs provided with time/cost estimates for three of the stacked pay prospects • Cost estimates include 15% contingency and to +/- 50%
Slide 17: Market - France
Moselle Permit Market - France For personal use only • Strong market fundamentals • Established Oil and Gas industry - Underexplored and neglected in recent years Multiple plays Innovation and technology stimulating activity • Robust historic gas prices – Gas prices linked to crude oil – term contra
Slide 18: Resource Play - Gross Interval Thickness
Moselle Permit Resource Play - Gross Interval Thickness For personal use only Metres Commercially Successful US Shale and Tight Gas Sand Plays 17 Source: Netherland Sewell & Assoc Moselle Volumetric Report (Sep 2011)
Slide 19: Resource Play Analogue - Piceance Basin
Moselle Permit Resource Play Analogue - Piceance Basin For personal use only Reservoir Properties Moselle Permit Piceance Basin Paris Basin, France Colorado, USA Age Paleozoic (Carboniferous) Mesozoic (Cretaceous) Deposition Fluvial and lacustrine Fluvial and lacustrine Source Interbedded gas-prone
Slide 20: Farmout Process
Moselle Permit Farmout Process For personal use only • Elixir has retained CIBC in the UK as its adviser on the farmout of the Moselle Permit • Detailed management presentations in December 2011 held in the UK and Europe to a number of high quality industry participants • Dataroom and seismic workst
Slide 21: Relevant A&D Transactions
Moselle Permit Relevant A&D Transactions For personal use only • A&D activity continued through period of regulatory uncertainty in France Jul 2011 - Sterling Resources, new applications Paris Basin – 150,000 acres Jul 2011 - ConocoPhillips into Realm Energy Paris Basin applications – $[undisclosed]
Slide 22: Investment Highlights
Moselle Permit Investment Highlights For personal use only Land holding is key - world scale acreage position Largest net acreage position of any company in Paris Basin Acreage Position 100% ownership and operatorship - likely to be attractive to a major Paris Basin has significant resource prospect
Slide 23: Summary
Moselle Permit Summary For personal use only • All technical and commercial workscopes complete, with compelling results • Additional 2D seismic reprocessing (Phase 4) of 324km’s - – Has improved robustness of conventional targets – Resulted in 15 additional prospects and leads • Total portfolio of
Slide 24: For personal use only
For personal use only Head Office Operations Office Elixir Petroleum Limited Elixir Petroleum (Technical Services) Limited Level 20, 77 St Georges Terrace 8 The Courtyard, Eastern Road, Perth WA 6000 Bracknell, United Kingdom RG12 2XB Tel: (+61) (8) 9440 2650 Tel: (+44) (0) 1344 423 170 Website: www
Elixir Petroleum — Investor Presentation (February 2012) on 6ix