Adx Energy Ltd · ASX:ADX
Adx Energy — Investor Presentation (April 2016)
23 slides from Adx Energy's investor presentation, Apr 28, 2016
Slide 1: ADX Energy Investor Presentation
For personal use only ADX Energy Investor Presentation 28 April 2016 www.adx-energy.com
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by ADX Energy Ltd for the purpose of providing an activity update to interested analysts/investors For personal use only and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any co
Slide 3: Corporate Summary
CORPORATE Summary For personal use only An ASX listed international energy explorer (ASX:ADX) Asset refocus on low cost, low risk, profitable asset commercialisation Portfolio of Appraisal, Development and Exploration assets Geographic focus – Offshore Mediterranean and Onshore Europe Expe
Slide 4: Geographic Focus
GEOGRAPHIC FOCUS Offshore Mediterranean and Onshore Central Europe For personal use only - Acreage Contains 1 Oil Field, 3 Oil Discoveries and 1 gas condensate discovery Parta, Romania 50% operated Pannonian Basin Provencal Tyrrhenian basin Sea Aegean extension 4 Sicily Channel Licenses Libyan Sea (
Slide 5: Strategic Direction - Current Assets
STRATEGIC DIRECTION - Current Assets Commercialisation of the Nilde Field Area Resources – Sicily Channel For personal use only Tangible low risk resource with proven production performance and substantial 2C resource (34 MMBBLS) that can be converted to reserves at low cost Excellent reservoir
Slide 6: Current Assets
For personal use only CURRENT ASSETS 1. Nilde Field Area Project – Sicily Channel, Italy 2. Parta Exploration Project – Onshore Romania 3. Kerkouane Appraisal & Exploration Project - Offshore Tunisia
Slide 7: ADX Sicily Channel Position
ADX SICILY CHANNEL POSITION - Selected Fields and Discoveries For personal use only Narcisso oil ADX-NILDE oil field Lippone gas ADX- DOUGGA condensate field TAZERKA oil & gas condensate field Oudna oil field BELLI oil field MAMOOURA oil field
Slide 8: Sicily Channel Resources Summary
SICILY CHANNEL RESOURCES SUMMARY All Permits at 100% equity For personal use only Nilde Area Contingent Resource 34 mmbo (2C) Senergy Feb 2016 Independent Assessment Recently Awarded Tunisia Resource Potential (note 1) Contingent resources: 173 mmboe Kerkouane-1 Prospective resources: 1,027 mmboe El
Slide 9: Current Assets: Nilde Oil Field Area
CURRENT ASSETS: Nilde Oil Field Area Background For personal use only 1 Abandoned Oil Field with 3 Oil discoveries (all tested) Nilde field produced but abandoned prematurely Excellent production, seismic and well data base >> high confidence resource • Rapid low cost conversion to reserves wi
Slide 10: Nilde Field Area - Contingent Oil Resources
NILDE FIELD AREA - Contingent Oil Resources Gross Contingent1 Resources Volumes (MMstb) For personal use only Notes 2 2 1.Contingent Resources: those quantities of 1C 2C petroleum estimated, as of a given date, to be 3C2 Estimate potentially recoverable from known Estimate Estimate accumulations but
Slide 11: Nilde Field Area - Key Project Attributes
NILDE FIELD AREA - Key Project Attributes High Confidence from Extensive Data Base For personal use only • Historical production and test data for all undeveloped discoveries provides confidence on reservoir performance and crude quality (light oil, 39⁰ API). • Excellent 2D seismic data quality and
Slide 12: Nilde Oil Field - Production History
NILDE OIL FIELD - Production History Nilde oil produced: 21 mmbls before abandonment Peak production coincided with For personal use only water break through and 1988 oil Initial reserves post sanction in 1979: 6.3 mmbbls ~10,000 bbls/d 7860 bbls/d price collapse US$40 oil US$13 oil when 5700 bbls/d
Slide 13: Nilde Field Area - Commercialisation
NILDE FIELD AREA - Commercialisation Recent Progress For personal use only Engaged with FPSO and Drilling Contractors to determine likely development costs, operating costs and preferred development options Completed indicative economics based on FPSO option Development of 3D Geological model
Slide 14: Nilde Field Area - Indicative Economics
NILDE FIELD AREA – Indicative Economics Development Scenario Assumptions 2 production wells centrally located For personal use only Develop Nilde and Nilde Bis only FPSO Development – Build Own Operate Water depth approx. 100 m Well total TVD approx. 1700 m Oil export via shuttle tanker(s) to
Slide 15: Nilde Field Area - 3D Geological Model
NILDE FIELD AREA - Commercialisation 3D Geological Model For personal use only B 80 meter oil column A 3D visualisation of the reservoir 110 meter oil column incorporating the reservoir properties A which affect oil in place, oil flow and oil recovery from the resources at Nilde Undrained Pool and N
Slide 16: Nilde Field Area - Exploration Potential
NILDE FIELD AREA – Exploration Potential • Mapping of 5 exploration For personal use only leads defined with existing 2D Lead-5 seismic in the d363CR-.AX Nilde-1 bis Nailia-1 Lead-4 Norma-1 permit with a total best Nilde-2 Lead-3 Lead-1 estimate prospective Lead-2 resources of 90 million barrels of
Slide 17: Parta Permit Progress
CURRENT ASSETS – Parta Permit Progress For personal use only 30 months extension of first exploration phase agreed with NAMR, government ratification pending 2D seismic acquired indicating excellent prospectivity Extensive landowner work to secure access resulting in community support and petr
Slide 18: Parta 3D Seismic Is a Game Changer
PARTA 3D SEISMIC IS A GAME CHANGER “Shooting Fish in a barrel” For personal use only S N PINCHOUT tested TRAPS Oil production 1.2 mmscf/d Ch IVb_ IVc_ IVa IVb_ Va IVc_ TS2 VI Vc BLOW OUT VIII Oil & Gas charge proven 8 sqkm trap area Multi – horizon play proven tested 1.2 mmscf/d Use 3D seismic
Slide 19: Kerkouane Permit - Offshore Tunisia
KERKOUANE PERMIT – Offshore Tunisia Nilde oil field The ADX Tunisian offshore license For personal use only area encompasses approx. 5,000 km² of a proven hydrocarbon Dougga – West (oil) province. 227 mmboe Best case Prospective Resource Kerkouane (Tunisia) offers several very large resource siz
Slide 20: Growth Potential - Well Positioned
GROWTH POTENTIAL - Well Positioned For personal use only Central & Southern Europe Opportunities A number of appraisal and re development opportunities are currently under review in Germany and Italy. Romanian Opportunities The low oil price has created momentum in a market which used to be dominate
Slide 21: Summary - Playing to Our Strengths
SUMMARY – Playing to our strengths 1. A strategic change has been required to adapt the new oil price regime >> Reduced For personal use only administration costs and asset refocus 2. The “Nilde Oil Field Area” offshore Italy has the potential for a significant reserve >> establishing reserves rapid
Slide 22: Immediate Activity - Outlook for 2016
IMMEDIATE ACTIVITY – Outlook for 2016 1. Corporate For personal use only Continue to seek efficiencies and cost cutting opportunities, build talent pool achieve recognition for tangible and substantial asset value. 2. Italy – Nilde area: Move contingent resources into reserves, establishing commerci
Slide 23: For personal use only
For personal use only Ian Tchacos Executive Chairman Paul Fink Chief Executive Head Office: Level 2, Suite 14 210 Bagot Road, Subiaco, WA, 6008 Tel: 61 8 9381 4266 Fax: 61 8 9381 4766 Website www.adxenergy.com.au Email admin@adxenergy.com.au ASX Code ADX