Xstate Resources Limited · ASX:XST
Xstate Resources — Investor Presentation (July 2017)
21 slides from Xstate Resources's investor presentation, Jul 10, 2017
Slide 1: Sacramento Basin Update – Upcoming Drilling Activity
For personal use only Sacramento Basin Update Upcoming Drilling Ac5vity California focused with a porEolio of several projects including Gas Produc5on, Gas Produc5on Enhancement, and High Impact Explora5on and Appraisal ASX: XST Investor Presenta5on - July 2017
Slide 2: Company Overview
Xstate Resources Limited Company Overview • California focused natural gas producer with Corporate Summary: ASX:XST as at July 7, 2017 For personal use only high impact gas explora@on and appraisal Current Shares on Issue 626.9 million • Highly Qualified Board & Management team Op@ons @$0.05 (expire
Slide 3: Investment Thesis: Near Term Catalysts for Growth
Investment Thesis Near Term Catalysts for Growth • Two “drill-ready” prospects: Dempsey -1 well and Alvares appraisal ac@vity For personal use only • Three newly iden@fied prospects on trend, mapped on 3D seismic and in process of being leased Value catalysts 1. Explora5on Well: imminent explora5on d
Slide 4: Strategy - Targeting World Class Natural Gas Fields
Sacramento Basin Strategy - Targe5ng World Class Natural Gas Fields • Targe@ng low risk and/or mul@ - Tcf prospects For personal use only onshore Sacramento Basin, California Outline of • Technical edge: use of 3D seismic, extensive Dempsey Gas Project Sacramento Basin Alvares Gas Project database,
Slide 5: Assets
Assets Assets/Projects XST WI Resource (Tcf1) For personal use only Gross Net Outline of Sacramento Basin Alvares Appraisal2 21% 2.4 0.5 Dempsey Gas Project (and Northern Alvares Gas Project and Trend California AMI) Alvares Trend3 24% 3 large prospects Dempsey AMI Dempsey Prospect 10% 1.0 0.1 Area
Slide 6: Production Assets
Produc5on Assets Material produc5on increases Assets/Projects XST WI • Recent acquisi@ons and development/work For personal use only overs have materially increased produc@on Malton Gas Field 30% Rancho Capay 10% • Legacy gas fields Rice Creek East Gas Field 10% – Rancho Capay and Los Medanos Gas Los
Slide 7: Dempsey Project
Dempsey Project Mul5-Tcf gas explora5on prospect – XST 10% Interest • Dempsey will be the first prospect to unlock the high-mul@ple upside of the Sacramento Basin For personal use only • Simple prominent high relief structure mapped on 3D seismic • 100% determinis@c unrisked recoverable Best Case Pro
Slide 8: Alvares Project
Alvares Project Mul5 Tcf gas appraisal prospect – XST 21%1 Interest • Targe@ng unrisked recoverable Best Case Prospec@ve For personal use only Resources of 2.4Tcf** (100%) • Alvares -1 was drilled in 1982 on a large an@cline & encountered over 1,500m of gas shows and flowed gas to surface • The forwa
Slide 9: Contact Details
Contact Details Cosimo Damiano Registered Corporate Office – Australia For personal use only Managing Director Level 1, 31 Cliff Street Tel: +61 8 9435 3200 Fremantle W.A. 6160 Email: cosimodamiano@xstate.com.au Tel: +61 8 9425 3200 | Fax: +61 8 9389 8327 Chris Hodge Australia - Postal Address Non Exec
Slide 10: Appendix: Sacramento Basin
Appendix For personal use only 01. Sacramento Basin July 2017 Sacramento Basin Update 10
Slide 11: Sacramento Basin: California's Next Big Gas Discovery
Sacramento used on California’sBasin Next Big Gas Discovery Underexplored Onshore Conven5onal Gas Basin cf per year California • Conven@onal gas demand Natural Gas Assets with Significant For personal use only iforniaunrecognized value imports 90%+ of gas –poten@al. the clean fossil fuel of choice De
Slide 12: Sacramento Valley Schematic
Sacramento Valley Schema5c Prospects and Geology of Sacramento Basin For personal use only Klamath Mountains Dempsey Trend AMI – containing Dempsey Prospect and 3 new leased prospects N Alvares Appraisal Prospect Dempsey Tulainyo Gas Discovery Crystalline Ter5ary Basement San Andreas Fault Exis5ng p
Slide 13: Sacramento Basin Gas Plays
Sacramento Basin Gas Plays A tale of Two Trends For personal use only Alvares and Tulainyo Trend Dempsey and New Gas recovered on Prospects Trend test with >1,500m gas shows Ter5ary Forbes Gas Produc@on Late Cretaceous Jurass ic Cretac to Early eous Basement A variety of lightly explored High relief
Slide 14: Appendix: Xstate Resources Limited – Board and Management
Appendix For personal use only 02. Xstate Resources Limited – Board and Management July 2017 Sacramento Basin Update 14
Slide 15: Xstate's Competitive Advantage
Xstate’s Compe55ve Advantage World Class Technical and Commercial Exper5se • Established a unique group of individuals at a Board and Management level with the key For personal use only a_ributes to deliver success. • Board and Management has a proven track record establishing, growing and ul@mately
Slide 16: Xstate's Board and Management
Xstate’s Board and Management Complementary skills and a proven track record Cosimo Damiano – Managing Director: is a finance professional whose experience involves the strategic analysis and For personal use only financial modeling of oil & gas companies for global Investment Banks and Energy Commodi
Slide 17: Appendix: Legal Update
Appendix For personal use only 03. Legal Update July 2017 Sacramento Basin Update 17
Slide 18: Litigation against four investors
Corporate Update Li5ga5on against four investors • On April 19 , 2017, Xstate commenced legal proceedings against the four investors in For personal use only Singapore and Indonesia for breach of contract • Le_ers of Termina@on and Le_ers of Demand (May 15, 2017) where subsequently served on all fou
Slide 19: Appendix: Qualifications & Disclaimer
Appendix For personal use only 04. Qualifica5ons & Disclaimer July 2017 Sacramento Basin Update 19
Slide 20: Qualifications and Cautionary Statement
Qualifica5ons Cau5onary Statement For personal use only Further details were included in the operator’s, Sacgasco Limited (ASX:SGC) Company’s ASX release dated 4 September 2014. Prospec5ve resources The es@mated quan@@es of petroleum that may poten@ally be recovered by the applica@on of a future deve
Slide 21: Disclaimer
Disclaimer Extent of Informa5on For personal use only This document has been prepared by Xstate Resources Limited (“Xstate” or “Company”). This Presenta@on, including the informa@on contained in this disclaimer, does not cons@tute an offer, invita@on or recommenda@on to subscribe for or purchase any