Axp Energy Limited · ASX:AXP
Axp Energy — Investor Presentation (December 2024)
14 slides from Axp Energy's investor presentation, Dec 5, 2024
Slide 1: Gas to Power Strategy
Gas to Power Strategy Florence, CO. 5 DECEMBER 2024
Slide 2: A Compelling Thematic
A COMPELLING THEMATIC “Electricity consumption from data centres, artificial intelligence (AI) and the cryptocurrency sector could double by 2026.” International Energy Agency, 2024 Electricity Report https://iea.blob.core.windows.net/assets/18f3ed 24-4b26-4c83-a3d2- 8a1be51c8cc8/Electricity2024- An
Slide 3: Stranded Gas Is Now Hugely Valuable
STRANDED GAS IS NOW HUGELY VALUABLE • Growth in demand for off-grid energy in the USA from data centre owners and operators has been a gamechanger for AXP • AXP is now ideally positioned to capitalise on this opportunity with its100%-owned Pathfinder Field that houses over 750 Bcf of gas • First sit
Slide 4: Florence Field – An Unusual Find
FLORENCE FIELD – AN UNUSUAL FIND • .75 TCF Reserves • Remote Location • Oldest Oil Field in US • Local Govt – O&G Friendly • 5MW Immediately • Significant potential beyond this Satellite Image of US at night – representative of heavily populated areas. Slide 4
Slide 5: Latest Reserves and Resources Assessment
LATEST RESERVES AND RESOURCES ASSESSMENT(1) (1) Refer announcement 20 September 2022. Mbbl means thousand barrels of oil, MMcf means million standard cubic feet of gas and Mboe means thousand barrels of oil equivalent. 5
Slide 6: First Customer Agreement Secured with Blackhart Technologies
FIRST CUSTOMER AGREEMENT SECURED WITH BLACKHART TECHNOLOGIES ▪ Binding Joint Development Agreement (JDA) signed with US- headquartered Blackhart Technologies Ltd in October ▪ Extensive due diligence undertaken before executing this JDA ▪ Blackhart Technologies has successfully supported the developm
Slide 7: Florence – A Potential Data Centre Mecca
FLORENCE – A POTENTIAL DATA CENTRE MECCA Florence is ideal for a large scale gas to power generation system • Enormous Gas Reserves • Remote location • Existing petroleum operations • Supportive Local Government • Forgotten field Slide 7
Slide 8: Florence Field – Immediate Three Mining Locations
FLORENCE FIELD – IMMEDIATE THREE MINING LOCATIONS Power Site Name (MW) Pathfinder 3 JW Powell 1 Kelsey Court 1 Total 5 # 750 KW Site Name Mcf/d # Miners # Containers Generators Pathfinder (Current) 200 2 545 2 Pathfinder (Post GH Completion) 300 3 818 3 JW Powell 200 2 545 2 Kelsey Court 200 2 545 2
Slide 9: First Project: Pathfinder – Forecast to Generate 3MW of Power
FIRST PROJECT: PATHFINDER – FORECAST TO GENERATE 3MW OF POWER Slide 9
Slide 10: JW Powell Site (1MW – 1.5MW)
JW POWELL SITE (1MW – 1.5MW) Requires Production Equipment & Tank Battery JW Powell 2018 Slide 10
Slide 11: Kelsey Court Site (1MW)
KELSEY COURT SITE (1MW) 5 Wells Pierre Production Drilled in 2010 Minimal Declines Slide 11
Slide 12: 2025 Goal – 25MW Power Generation
2025 GOAL – 25MW POWER GENERATION Initial Focus – 5MW Medium Term Focus – 25MW • existing wells will be drilled deeper to access additional oil & gas in the lower formations Wells to Deepen Wells contributing to initial 3 sites 12
Slide 13: Compelling Investment Thesis
COMPELLING INVESTMENT THESIS Established project pipeline • First data centre site connected at Pathfinder #2 well site • An initial 5MW of power earmarked • Another ~21 untapped wells to facilitate future project sites Strong thematic Uniquely positioned to capitalize on growing 2 demand for data c
Slide 14: Thank You
AXPENERGY THANK YOU