Slide 1: Exploring for Gas in the Heart of Asia
Exploring for Gas in the Heart of Asia For personal use only Investor Presentation – June 2019
Slide 2: Company Overview
Company Overview For personal use only Ø ASX listed gas explorer focused on the 100% owned Nomgon IX CBM PSC located in the South of Mongolia Ø Located proximate to the rapidly growing and high priced Chinese gas market Ø The 7M acre PSC lies over a major Mongolian CBM Expert Workshop 2019 Permian c
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only CAPITAL STRUCTURE Current (million) BOARD MEMBER EXPERIENCE Ordinary Shares (ASX:EXR) 487.2 • Ex-MD of QGC, taking it from $20M Unlisted Options (ex 3.29 cents) 8.0 Richard Cottee market cap to $5.7B Listed Options (ex 6.79c by 31.12.20) 110.7 Non-Executive •
Slide 4: Nomgon IX CBM PSC
Nomgon IX CBM PSC For personal use only Ø CBM PSC signed in September 2018 with a 10 year+ exploration term Ø 100% ownership and no back-in rights Ø The Mongolian PSC has fiscal and other terms designed for unconventional petroleum Ø South Gobi hosts Permian coals Exploration term 10 – 15 years Prod
Slide 5: Next Door to China's Gas Market
Next Door to China’s Gas Market For personal use only Ø The Nomgon IX CBM PSC is located immediately proximate to the Chinese border Ø China imports gas from every direction and seeks to continually diversify its sources of supply Ø Mongolian CBM expected to be highly cost competitive compared to al
Slide 6: Acreage Comparison with Santos GLNG
Acreage Comparison with Santos GLNG For personal use only GLNG Acreage Gladstone Nomgon IX Fairview 410km Roma West East Pipeline 100km 100km Export scale acreage package 6
Slide 7: Multiple Channels to Market
Multiple Channels to Market For personal use only Ø Sales by export pipeline are only one market option for gas from the Nomgon PSC Ø The massive Oyu Tolgoi mine (inside the PSC) needs new power generation Ø Existing large scale electricity transmission running through the PSC has large spare capaci
Slide 8: Nomgon IX - Permian Coal Bearing Region
Nomgon IX - Permian Coal Bearing Region For personal use only ØData from Tavan Tolgoi indicate gas contents of up to 15m3/ tonne (480 cf/ton)1, at depths of 467 metres below surface (high by world standards) ØLate Permian aged coals (Tavantolgoi Group) from surface to >1000m depth with individual se
Slide 9: 2019 Exploration Program
2019 Exploration Program For personal use only 2D Seismic 2019 Drilling Campaign (2 Acquisition* wells)* Q1 2019 Q2 2019 Q3 2019 Q4 2019 BEIA finished & Seismic Seismic Processing and Gas Desorption Planning complete Interpretation and Testing *Subject to suitable equipment availability and governme
Slide 10: Exploration Proceeding to Proof of Concept
Exploration Proceeding to Proof of Concept For personal use only COREHOLES 2+ HQ coreholes with desorption and DSTs 2D SEISMIC 130km of 2D seismic acquisition PROSPECTIVE RESOURCE Independent Expert ERCE delivers 40 TCF unrisked POTENTIAL FIELD Gravity and magnetics repocessed FIELD MAPPING Local kn
Slide 11: Road to Contingent Resource Booking
Road to Contingent Resource Booking For personal use only Activity Outcome Resource Categorisation Upon Success 40 TCF unrisked) Recoverable Completed Geological Modelling (Best Case)* Prospective Resource (Lead)1 COS: 19% * Additional Data from Mineral More evidence of coal - COS Upgrades Prospecti
Slide 12: Upcoming Operations in Nomgon IX
Upcoming Operations in Nomgon IX For personal use only Ø 100 - 130 km of 2D seismic over key CBM leads Ø 2+1 drill-holes with: • Full HQ coring • Desorption • Wireline Logging • DST/IFOT A successful program delivers: Ø Extensive presence of coal seams on seismic Ø Gas content, saturation, etc Ø Per
Slide 13: What to Expect from Upcoming Operations
What to Expect from Upcoming Operations For personal use only Ø Targeted 2D Seismic Acquisition Ø Acquisition ~30 days, Processing 20 days, Full interpretation 20 days Ø Fast track field processing every week Ø Fast track Data used to site coreholes Ø Corehole Drilling Ø ~15 days per well including
Slide 14: Investment Highlights
Investment Highlights For personal use only Ø Gas explorer focused on the high priced and growing Chinese gas market Ø Massive PSC with very large prospective resources Ø Multiple channels to market Ø Fully funded initial exploration program in 2019 Ø CBM exploration is capital efficient Ø Aiming to
Slide 15: Contact Us
Contact Us For personal use only Neil Young Managing Director neil.young@elixirenergy.net.au Phone - +61 8 6001 6938 www.elixirenergy.net.au 15
Slide 16: Appendix 1: Independent Prospective Resource Report
Appendix 1: Independent Prospective Resource Report For personal use only Ø First independent prospective resource report completed by ERC Equipoise Pte Ltd (ERCE)* Ø Giant resource identified with Geological Risk likely to be significantly reduced following 2019 exploration programme (2D seismic an
Slide 17: Appendix 2: The Bowen and South Gobi Basins Compared
Appendix 2: The Bowen and South Gobi Basins Compared For personal use only Properties Bowen Basin South Gobi Comments (Queensland) (Mongolia) Seam thickness Maximum single seam >55m found in multiple World class seam thickness and thickness 30m locations ü hence very high GIP per acre Gas content 7-
Slide 18: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This document has been prepared by Elixir Energy Limited (ABN 51 108 230 995) (“Elixir”) in connection with providing an overview of its business to interested analysts/investors. This presentation is being provided for the sole purpose of providin