Xstate Resources Limited · ASX:XST
Xstate Resources — Good Oil Conference 2014
16 slides from Xstate Resources's conference presentation, Sep 9, 2014
Slide 1: Good Oil Conference Presentation
ABN 96 009 217 154 9 September 2014 For personal use only ASX Limited Electronic lodgement ASX Code: XST GOOD OIL CONFERENCE PRESENTATION Xstate is pleased to attach a copy of a presentation to be delivered today by Gary Jeffery, Managing Director of Australian Oil Company Limited (“AOC”) at the Goo
Slide 2: Australian Oil Company, Fremantle, September 2014
Fremantle, September 2014 AUSTRALIAN OIL COMPANY For personal use only ASX: AOC
Slide 3: Positioned for Success
AUSTRALIAN OIL COMPANY Positioned for Success: For personal use only 1. Unparalleled Gas Market 2. Ground Floor position in onshore, conventional reservoir sub-basin under the established Sacramento Basin 3. Asset Depth: Multi-Tcf Drillable Prospects, with analogue prospects leased for follow-up dri
Slide 4: Funding Exploration
AUSTRALIAN OIL COMPANY Funding Exploration Tightly held stock; management focused on leveraged exploration For personal use only • Shares on issue: 92.1 million – Options: ~20 million unlisted options at 25 cents expiring end 2015 and 2016 • Annual G&A at an industry low of <A$300k per year; offset
Slide 5: California Gas Markets: Shortfall of 6.5 BCF/d; LNG export options
California Gas Markets: Shortfall of 6.5 BCF/d; LNG export options AUSTRALIAN OIL COMPANY Total Californian Gas Demand For personal use only BC LNG Plants Approx. 7.0 billion cubic feet a day. Proposed Peak over 11.0 billion cubic feet a day NW pipeline 3.9 TransCanada Californian production is abou
Slide 6: Ground Floor Prospecting for Hidden Value
AUSTRALIAN OIL COMPANY For personal use only Ground Floor Prospecting for Hidden Value Gas: Sacramento Assets “Second generation exploration of the established Sacramento Basin; targeting big, conventional gas to feed strong domestic and LNG demand”. Oil: Porters Ranch Mankins Ranch www.australianoi
Slide 7: Dempsey Prospect - 1+ TCF gas exploration well
Dempsey Prospect- 1+ TCF gas exploration well AUSTRALIAN OIL COMPANY Schematic Cross Section illustrating 7 Reservoir Targets For personal use only www.australianoilcompany.com 6
Slide 8: Dempsey Prospect - Structure Map and Resource Estimate
Dempsey Prospect- 1+ TCF gas exploration well AUSTRALIAN OIL COMPANY Structure Map For personal use only Resource Estimate: • Total (100%) unrisked recoverable prospective resource* on a best estimate deterministic basis: > 1 Tcf ( > 167 million boe) • Each target ranges from 1 Bcf to 350 Bcf ( 0.35
Slide 9: Alvares Gas Discovery - Well Summary
AUSTRALIAN OIL COMPANY Alvares 1 Gas Discovery- Well Summary • Alvares 1 gas discovery drilled in 1982 For personal use only • 1,500 metres of gas shows • Pipeline quality gas to surface Wet sands outside of closure Thick Seal Interpreted Gas 1500+ metres gas shows Column 17# Mud masks shows with co
Slide 10: Alvares Appraisal - 2+ Tcf gas
AUSTRALIAN OIL COMPANY Alvares Appraisal-2+ Tcf gas The Alvares Project is located close to large natural gas pipelines, and is on trend 30 miles from the geologically For personal use only similar multi-Tcf Tulainyo Project (based on the James well drilled in 1947), mapped by Cirque Resources, and
Slide 11: Alvares Appraisal - 2+ Tcf gas
AUSTRALIAN OIL COMPANY Alvares Appraisal- 2+ Tcf gas Alvares Appraisal Project- appraisal of a conventional sandstone reservoir gas discovery: For personal use only • Total (100%) unrisked recoverable prospective resource* on a best estimate deterministic basis: ~2.4 Tcf ( ~400 million boe) • The Al
Slide 12: Cautionary Note
AUSTRALIAN OIL COMPANY Cautionary Note This document contains forward looking statements that are For personal use only subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a m
Slide 13: Additional Explanatory Information
AUSTRALIAN OIL COMPANY For personal use only Additional Explanatory Information 1. Contact Information 2. AOC Exploration & Appraisal – Next Steps 3. Alvares Project Resource Basis www.australianoilcompany.com 9/09/2014 12
Slide 14: Management and Contact Information
AUSTRALIAN OIL COMPANY For personal use only Management and Contact Information Directors: Andrew Childs - Chairman Gary Jeffery - Managing Director Keith Martens -Technical Director Company Secretary: David McArthur For further information contact: Gary Jeffery - Managing Director Australian Oil Co
Slide 15: AOC Exploration & Appraisal - Next Steps
AUSTRALIAN OIL COMPANY For personal use only 2. AOC Exploration & Appraisal – Next Steps Continue parallel execution of plans to capture significant value: 1. Permitting to drill Dempsey 1+ Tcf Conventional Gas Prospect 2. Define and acquire additional working interests 3. Permitting to drill 10+ mi
Slide 16: Alvares Project Resource Basis
AUSTRALIAN OIL COMPANY 3. Alvares Project Resource Basis Alvares Appraisal Project: For personal use only • Total (100%) unrisked recoverable prospective resource on a best estimate deterministic basis: ~2.4 Tcf ( ~400 million boe* - using an industry standard energy based conversion factor of 6 mcf