Adx Energy Ltd · ASX:ADX
Adx Energy — Investor Presentation (November 2023)
30 slides from Adx Energy's investor presentation, Nov 16, 2023
Slide 1: An ASX listed European Energy Producer and Explorer
For personal use only An ASX listed European Energy Producer and Explorer Ian Tchacos - Executive Chairman Paul Fink - Chief Executive Dr Ulrike Exner - Chief Geologist “Reliable energy doesn’t need to cost the earth” ASX:ADX I n v e ASX: s t o rADX Update | 1 6 N o v e m b e r 2 0 2 3 | We b i n a
Slide 2: Disclaimer Statement
2 Disclaimer Statement Important notice: For personal use only This document has been prepared by ADX Energy Ltd (“ADX”) for the purpose of providing information to interested analysts, investors and shareholders. Any statement, opinions, projections, forecasts or other materials contained in this d
Slide 3: A Compelling Investment Proposition and Operating Strategy
A Compelling Investment 3 Proposition and Operating Strategy For personal use only Strong Meaningful World-class Value Adding, Capability Farmouts Underlying Reserves and Exploration Complementary • Ability to • Industry and Increasing production Portfolio in the Renewable evaluate, funding Cashflow
Slide 4: Corporate and Asset Summary
4 Corporate and Asset Summary Positioned for a smarter, cleaner future for Europe Austria Oil & Gas Assets Austria Clean Energy Projects Financial information For personal use only Vienna Basin fields – 100% (production) Vienna Basin Green Hydrogen project – 100% Anshof oil discovery – 50% (producti
Slide 5: Our focus is on Austria
Our focus is on Austria 5 A great place to build an energy business rapid pathway to cashflow >> lots of running room >> high value hydrocarbons >> stable & transparent jurisdiction A significant oil and gas industry For personal use only 1 billion bbl oil & 2.7 Tcf gas produced to date 75 Years oil
Slide 6: Recent highlights
6 Recent highlights Welchau Gas Prospect Anticline Last twelve months of activities Showing Mapping based on Surface Geology Surface expression of Welchau gas prospect 100 km2 area anticline Financial For personal use only Increasing revenues, cashflow and deleveraging in 2022 • Sales up to A$14.4 m
Slide 7: Planned Activities
7 Planned Activities A period of high activity funded by farmouts and cashflow Anshof-2 Anshof field development drilling & For personal use only Appraisal well production capacity enhancement 2 new production wells (120 to 750 bopd) Welchau- 1 Production capacity increase to 3,000 bopd Explorat
Slide 8: Vienna Basin Production
For personal use only Vienna Basin Production provides a a solid, stable cash flow base and a renewable energy hub 8
Slide 9: Austrian Production and Development Assets
9 Austrian Production and Development Assets Stable, high value production with long term potential Vienna Basin Fields (100% interest) A long-term future for Vienna Basin Fields • A unique position – own the land + storage reservoirs + green ✓ Low emission, low decline production delivering For per
Slide 10: Anshof oil field – Strategic summary
Anshof oil field – Strategic summary Learnings to date Relevance for ADX? Transactions, For personal use only ✓ Ability to get on the ground to ▪ Secure industry funding to valuations and drill in less than 6 months accelerate project Independent Audits ✓ Discovery well has proved up a ▪ Anshof-2 an
Slide 11: ANSHOF Update
For personal use only ANSHOF Update Anshof-2 appraisal well opportunity to build production, cashflow and reserves 11
Slide 12: Anshof-2 Drilling Update
12 Anshof-2 Drilling Update Current Status of Operations Permit: Well scheme ADX AT-II Success case Well name: ANSHOF 2 • 13 November 2023: Spud Date Spud-in point : Directional waypoints: UWI: ANS-002 Target shape: Wellpath: high angle slanted For personal use only E 67587.81 N E; N; TVDSS [m] Poly
Slide 13: Anshof production to date
13 Anshof production to date Anshof-3 (BOPD) Anshof-3 Results – Independent Aveage daily production by month review (RISC Advisory Pty Ltd, Oct only 140 2022): use (BOPD) 120 1P reserves (proven): 0.5 MMBOE 100 Average Production of 115 BOPD 2P reserves: 5.2 MMBOE Monthly Production 80 3P + 3C reser
Slide 14: Anshof reserves development potential
14 Anshof reserves development potential Current 2P reserves area: 6.5 km2 – For personal use only 5.2 mmboe 1 ANS-3 producer ANS-2 drilling now! ODT : - 1720 m TVDSS 280 m Eocene sst. Post ANS-002 Success Case: reservoir section New 2P reserves area: 5.2 – 26 mmboe ODT shown: -1780 m HGN-001 (1975)
Slide 15: Anshof permanent production facilities (PPF)
15 Anshof permanent production facilities (PPF) Anshof-3 production well and Early Production Unit, Anshof-2 and -1 drilling locations (April 2023) For personal use only • Anshof site has three drilling slots - Anshof-3 production well, shut in since 15 Sep 2023; Anshof-2 spud on 13 Nov 2023 and Ans
Slide 16: Anshof 2P project timeline & expected production build up
16 Anshof 2P project timeline & expected production build up For personal use only Near Term Project Activities Existing Drill Install Commence Drill Anshof-3 Anshof-2 permanent Production Anshof-1 Production Well production Anshof-3&2 well To Sept 23 Nov 2023 facility Feb 24 Q2 24 Jan & Feb 24 ADX
Slide 17: Anshof near field Eocene oil exploration
17 Anshof near field Eocene oil exploration For personal use only NNW SSE Well (projected) ANS-3 Wells (projected) Anshof ANSHOF thrust anticline SGB follow up structure prosects GRB footwall & leads structure The new depositional and tectonic model opens several follow-up opportunities on the adjac
Slide 18: Anshof field discovery
18 Anshof field discovery New thinking proven by Anshof-3 discovery The new depositional concept explains the For personal use only OLD: NORMAL FAULT MODEL THE SMOKING GUN primary distribution of Eocene reservoir sandstones, with depocenters located Eggd. between Cretaceous thrust anticlines. Eocene
Slide 19: ANSHOF & follow-ups
1 19 9 ANSHOF & follow-ups For personal use only 2021 ADX drills ANS-3 ANS-1 Anshof Planned Oil Field Now Current 2P reserves area: ADX drilling ANS-2 6.5 km2 – 5.2 mmboe ODT : - 1720 m TVDSS Post ANS-002 Success GRB New 2P reserves area: Exploration 5.2 – 26 mmboe ODT shown: -1780 m Prospect 1975:
Slide 20: Upper Austria Exploration
For personal use only Upper Austria Exploration Portfolio origination by experienced team, port-folio growth and drilling activity funded by farmouts 20
Slide 21: Upper Austria Exploration
Upper Austria Exploration High impact, drill ready portfolio in the heart of Europe 1020 km2 For personal use only 807 bcfe1 World-class Welchau 1 gas prospect to be drilled in 2023. acreage Adjacent to tested gas discovery at Molln 20 Prospects Anshof near field, low risk follow 2 2 up oil prospect
Slide 22: Upper Austria Exploration Value Offering
22 Upper Austria Exploration Value Offering Proven basin with exceptional growth potential ADX approaching the top of the value pyramid for oil and gas in Upper Austria Increasing valueuse only Value realization at Anshof Development drilling, increasing production and Reserves ✓ 2 new high producti
Slide 23: Welchau-1 Giant Gas Prospect
23 Welchau-1 Giant Gas Prospect Preparation for drilling and multiple follow ups if successful • Drilling permit for Welchau-1 well has been secured with Welchau Gas Prospect Prospective Recoverable Resources Estimates commencement of drilling expected in Q4 2023 For personal use only Minimum Best T
Slide 24: IRR-1 Gas Prospect
24 IRR–1 Gas Prospect New work results in (+110%) resources increase Min Max New technical interpretation using seismic responses indicative of IRR Prospect (P90) Best Technical (P10) gas and nearby well data For personal use only Mmboe 1.6 6.3 13.1 Analysis of analogous gas reservoirs in nearby gas
Slide 25: New Trend of Low Risk, Shallow Gas Prospects
25 New Trend of Low Risk, Shallow Gas Prospects Portfolio addition from new ideas and state of the art techniques New gas prospects have been matured Combination of AI Software, an international team of For personal use only Best Technical Best Technical Fluid Prospect Recoverable Recoverable strati
Slide 26: Geothermal Prospect with Oil and Gas Targets
26 Geothermal Prospect with Oil and Gas Targets The GMU prospect combines geothermal opportunity with multiple Map showing many large geothermal projects (blue overlying oil and gas targets defined on 3D seismic symbols) in Bavaria in same reservoir as GMU Project Jurassic fractured For personal use
Slide 27: ADX role in European Energy Transition
ADX role in European Energy Transition Well positioned in the near term as well as long term Growth in Global Energy Demand ➢ Oil & gas demand continues to For personal use only increase Pace of Transition to Date The transition to renewables is taking longer than expected ➢ Gas is a transition fuel
Slide 28: The ADX Team
28 The ADX Team Our Team A highly experienced management team with a proven track Experience of our Board and Management Team For personal use only record of initiating, operating and developing international Mr Ian Tchacos energy projects. Executive Chairman 35 years oil and gas professional - Petr
Slide 29: Near Term Activities
29 Near Term Activities For personal use only 01 03 05 Anshof-2 and Further Farm in Additional Gas Anshof-1 appraisal Transactions Prospect drilling and development Wells Strong industry interest to High impact gas prospects fund additional drilling and shallow high value Increase production rate by
Slide 30: Thank you for your attendance
For personal use only Thank you for your attendance For further information contact: Ian Tchacos ASX: ADX Executive Chairman adx-energy.com ian.tchacos@adxenergy.com.au Paul Fink Chief Executive Officer paul.fink@adx-energy.com Connect with Us Amanda Sparks Finance Manager & Company Secretary Better