Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — Shareholder Meeting (November 2008)
16 slides from Elixir Energy's shareholder meeting presentation, Nov 24, 2008
Slide 1: Elixir Petroleum Limited Annual General Meeting
Elixir Petroleum Limited For personal use only Annual General Meeting 24 November 2008 (ASX:EXR, AIM:ELP)
Slide 2: Important Notice and Disclaimer
Important p Notice and Disclaimer For personal use only This document has been prepared by Elixir Petroleum Limited (ABN 51 108 230 995) (“Elixir”). The information contained in this presentation has been prepared in good faith by Elixir. However, no representation or warranty expressed or implied i
Slide 3: Introduction
Introduction For personal use only • Elixir is an international E&P company with a diversified portfolio of interests across the exploration, appraisal, development and production spectrum • C Current t geographic hi areas off activity ti it iinclude: l d ► Development and Production from the shallo
Slide 4: Corporate Profile
Corporate p Profile For personal use only Capital Structure Exchanges: ASX:EXR, AIM:ELP Ordinary shares: 189m Unlisted Options: 8.6m Convertible Notes: A$3m @ 35c,, 10% coupon p Trading Performance Share Trading Range: $0.037 – $0.355 (prior 12 months) Current Share Price: $0.037 Current Market Cap:
Slide 5: Market Data 2007/08
Market Data 2007/08 / For personal use only 5
Slide 6: Operational Profile
Operational p Profile For personal use only Head Office Regional Office Local Reps UK North Sea – Exploration & Appraisal Gulf of Mexico – Development & Production Sierra Leone - Exploration Geographic and Lifecycle Diversification 6
Slide 7: High Island Development (30% WI)
High g Island Development p ((30%WI)) For personal use only • Gas and condensate discovery in Feb 07 • Two wells on production in Sep 07 • Wells shut-in Sep 2008 due to Hurricane damage to regional HIOS pipeline network • Expecting p g repairs p to be completed p in the next 5 weeks, subject to weat
Slide 8: Pompano Development (25% WI)
Pompano p Development p ((25%WI)) For personal use only • Gas re-development project • 7km offshore Texas in 18m water depth • Two wells on production at approx 6.5MMscf/d • Well #3 unsuccessful – operator evaluating result and sidetrack candidates • Prospectivity of Red Fish prospects being reviewe
Slide 9: Exploration and Appraisal
Exploration p and Appraisal pp For personal use only UK North Sea Offshore, Sierra Leone 9
Slide 10: Mulle Appraisal Project (40% WI, non-operated)
Mulle Appraisal pp Project j ((40% WI,, non-operated) p ) For personal use only • Mulle discovered by 1970’s vintage well - 17m NNS gross oil column, drilled off crest, not tested • Mulle on trend and down dip from Causeway • Two well appraisal and testing programme prepared – multiple export routes
Slide 11: Leopard Prospect (56% WI, operator)
Leopard p Prospect p ((56%WI,, operator) p ) For personal use only • Block 211/18b contains the Leopard Prospect • Primary play is stratigraphic synrift with Upper J Jurassic i sands d Leopard Prospect • Mapped structure tied-in to Norwegian Borg field • Secondary Brent targets • If hydrocarbon pron
Slide 12: Tiger Prospect (100% WI, Operator)
Tiger g Prospect p ((100% WI*,, Operator) p ) For personal use only • Block 211/12b contains the Tiger Prospect NNS awarded in recent 25th Round • Licence tterm 4 years – drill Li d ill or d drop wellll commitment by year 3 • Magnus sands play type located next to Magnus field • Downdip well analysi
Slide 13: Central North Sea Exploration
Central North Sea Exploration p For personal use only Elixir Petroleum Interests Central North Sea 15/13b 13/25 ‘F ‘Fatt C Cat’ t’ 12 5% 12.5% 15/13b ’Eagle’ 13.1% 21/4b ‘Muness’ 7% 21/16b* ‘B ‘Bob bCCat’ t’ 40% 21/4b 13/25 CNS 21/16b
Slide 14: Block SL-4, Sierra Leone (15% WI, Operator)
Block SL-4,, Sierra Leone ((15%WI,, Operator) p ) For personal use only • Interest acquired in Feb 2008 • Underexplored frontier basin with few offshore wells • Block covers 4,429km2 • Water depth from 100m to 3,000m • E Excellent ll t fifiscall tterms • Existing wide spaced 2D • 1,200 km2 3D data h
Slide 15: Year Ahead
Year Ahead For personal use only US Gulf of Mexico • Re-establishing production at High Island • Well 3 result being evaluated at Pompano • Progress Redfish prospects • New venture appraisal/development pp p p projects j North Sea • Finalise farm out of Leopard Prospect by end of 2008 • Farm out Mul
Slide 16: For personal use only
For personal use only www.elixirpetroleum.com li i t l
Elixir Petroleum — Shareholder Meeting (November 2008) on 6ix