Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — Investor Presentation (February 2010)
19 slides from Elixir Energy's investor presentation, Feb 17, 2010
Slide 1: ASX Announcement: Investor Presentation – Moselle Permit
ASX ANNOUNCEMENT For personal use only ABN 51 108 230 995 17 February 2010 Company Announcements Platform Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement INVESTOR PRESENTATION – MOSELLE PERMIT Please find attached to this letter a copy of a presentation concern
Slide 2: Acquisition of Moselle Permit, France
Acquisition of Moselle Permit, Permit France For personal use only 17 February 2010 (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. y This presentation is being provided for the sole purpose of p
Slide 4: Overview
Overview For personal use only • Elixir is an international E&P company with a diversified portfolio of interests across the exploration, p appraisal, pp development p and p production spectrum p • Current geographic areas of activity include: ► Development and Production from the shallow shelf Gulf
Slide 5: Corporate Profile
Corporate Profile For personal use only Capital Structure Exchange: ASX:EXR Ordinary shares: 188.9m Unlisted Options: 8.4m No of Shareholders: ~1,550 Top 20 Shareholders: 48% Cash on Hand: ~$6.75m Cash per Share: $0.036 Trading Performance Sh Share T Trading di R Range: $0 $0.03 03 – $0.10 $0 10 (pr
Slide 6: Operational Profile
Operational Profile For personal use only Head Office Regional Office Local Reps UK North Sea – Exploration & Appraisal Gulf of Mexico – Development & Onshore France Production – Exploration p Geographic and Lifecycle Diversification 5
Slide 7: Moselle Permit Overview
Moselle Permit Overview For personal use only • Moselle permit located in the East Paris Basin, North-eastern France • Paris Basin encompasses most of Northern France and extends into Luxembourg, Belgium and Germany • Paris Basin is an established hydrocarbon province – • Basin has produced 275 MMbb
Slide 8: Moselle Permit Overview
Moselle Permit Overview (cont (cont’d) d) For personal use only • Moselle Permit awarded to East Paris Petroleum Development Ltd (“EPPDL”) in January 2009 for an initial 5 year term • Elixir acquiring EPPDL for firm US$1m expenditure commitment in 2010 plus royalty on production • Additional conside
Slide 9: Moselle Overview
Moselle Overview (cont (cont’d) d) For personal use only • Locally there is a demonstrated hydrocarbon system: – Multiple hydrocarbon indicators from logs – Offset production history • Regionally there is multiple play potential: – Conventional Oil and Gas (Forcelles and Le Trois Fontainne) – Tight
Slide 10: Moselle Overview
Moselle Overview (cont (cont’d) d) For personal use only • Over 4,000 km of historical 2D seismic in Permit area • 21 oil il and ll drilled d gas wells d ill d iin P Permit it and d over a h hundred d d mineral core holes • More than half of the wells drilled had oil and/or gas shows Exploration Wel
Slide 11: France as a Market
France as a Market For personal use only • Strong market fundamentals 2,000 France ‐ Gas Consumption v Production 1,800 • E t bli h d Oil and Established dGGas iindustry: d t 1,600 – Underexplored and neglected in recent 1,400 years 1,200 BCF 1,000 – Established regulatory framework 800 – Multiple p
Slide 12: France as a Market
France as a Market (cont (cont’d) d) For personal use only • Low sovereign risk with supportive and stable government • Attractive fiscal terms – superior to US onshore Fiscal Terms Commodity Production Rates Royalty Rate Tax Rate Onshore Oil Gas US Oil and Gas All Production ~25% ~25% 30% France Oi
Slide 13: France as a Market
France as a Market (cont (cont’d) d) For personal use only • Gas pipeline infrastructure and gas markets well developed Significant existing capacity for large new gas discoveries Even small discoveries are likely to be commercially viable Moselle Permit ___ Gas Pipeline ___ Oil Pipeline ___ Product
Slide 14: Unconventional Resources
Unconventional Resources (cont (cont’d) d) For personal use only “Th biggest “The bi t development d l t off the th first fi t decade d d off the th 21st 21 t century t is i nott solar, l not wind, but unconventional gas.” (Source: Daniel Yergin, Chairman, Cambridge Energy Research Associates, Janua
Slide 15: Unconventional Resources are Valuable
Unconventional Resources are Valuable For personal use only • The European Majors missed the US gas shale boom • Buying in now to access knowledge and technology to take back to Europe Purchaser Date Location Acres Price (USD) Price / Acre Shell Jul 08 Haynesville Shale (TX) 135 000 135,000 US$6 000
Slide 16: Unconventional Resources in Europe
Unconventional Resources in Europe For personal use only • The Majors are back onshore Europe pursuing unconventional resources Name Target Country ExxonMobil Tight and shale gas Germany, Hungary and Poland OMV Shale Gas Austria ConocoPhillips Shale Gas Poland Royal Dutch Shell Tight Gas, Gas Shale
Slide 17: Moselle Summary
Moselle Summary For personal use only Asset – Market - 9 Operatorship and 100% 9 Low sovereign risk risk, stable stable, supportive ownership government 9 Very large acreage position 9 Large existing domestic gas market 9 Working hydrocarbon system 9 Declining domestic gas production 9 Extensive exi
Slide 18: Moselle Summary
Moselle Summary (cont (cont’d) d) For personal use only • Work programme at Moselle kicking off immediately • Analyse extensive existing well and seismic database to identify areas of prospectivity. Targets to include: – Conventional gas – Tight gas – Gas shale – CBM • Discussions with potential JV
Slide 19: For personal use only
For personal use only www.elixirpetroleum.com
Elixir Petroleum — Investor Presentation (February 2010) on 6ix