Winchester Energy Ltd · ASX:WEL
Winchester Energy — Investor Presentation (May 2015)
15 slides from Winchester Energy's investor presentation, May 26, 2015
Slide 1: Investor Presentation
For personal use only Date: 26 May 2015 Investor Presentation ASX Code: WEL Directors Following is an investor presentation being used by the Managing Peter Allchurch Director of Winchester, Mr. Neville Henry, on an investor roadshow Non-Executive Chairman occurring in Sydney, Melbourne and Perth th
Slide 2: Winchester Energy Limited - Permian Basin Texas
EN ERGY LI M I TED For personal use only ENERGY LIMITED Ellenburger + Strawn + Canyon Conventional plus Ellenburger and Cline Resource Oil Plays Permian Basin - Texas - USA ASX Code: WEL
Slide 3: Capital Structure
Capital Structure EN ERGY LI M I TED For personal use only Cash A$13m Total shares on issue 215m Total options on issue 30m Total convertible milestone notes (converting to 60,000,000 shares) 60m Market capitalisation @ $0.07 A$15m Enterprise Value of WEL’s Assets A$2m Founders, Board and Management
Slide 4: 9,370 Net Acres – Permian Basin Texas
9,370 Net Acres – Permian Basin Texas EN ERGY LI M I TED For personal use only Winchester Energy Limited (ASX Code: WEL) owns 9,370 net acres in Nolan County located in the Eastern Shelf of the Permian Basin, Texas, USA. u WEL currently owns a 50%WI in the Thomas 119-1H well located in Nolan County,
Slide 5: Target Area – Eastern Shelf of The Permian Basin
Target Area – Eastern Shelf of The Permian Basin EN ERGY LI M I TED For personal use only The Van Hoogen Oil Project is located in an area where there is 300 feet of thermally mature Cline Shale and other stacked targets including the prospective Ellenburger “E” carbonate. u Emerging Oil Play - The
Slide 6: The Van Hoogen Oil Project – Stacked Targets
The Van Hoogen Oil Project – Stacked Targets EN ERGY LI M I TED For personal use only A number of distinct potential oil pay zones have been targeted by WEL across the 7 target counties in Texas u Upper Cline (“3 Fingers Shale”) (Unconventional) • Blanket resource play. • Present on all of WEL’s acr
Slide 7: White Hat 20#1 – Oil Production
White Hat 20#1 – Oil Production EN ERGY LI M I TED For personal use only u The Operator (CEGX) of the White Hat 20#1 vertical well (WEL: 50%WI) has reported that the White Hat 20#1 vertical well has recently commenced production and has produced 777 barrels of high quality crude oil over a period of
Slide 8: White Hat 20#1 – Oil Production
White Hat 20#1 – Oil Production EN ERGY LI M I TED For personal use only u The performance of the well to date exceeds our expectations. The Ellenburger is a conventional reservoir with good porosity but has regional potential similar to unconventional plays. Our understanding of the oil systems in
Slide 9: Conventional Vertical Ellenburger E Well - Type Curve and Economics
Conventional Vertical Ellenburger “E” Well - Type Curve and Economics EN ERGY LI M I TED For personal use only u Economic Results: • Undisc Cash Flow ($): US$2,700,000 • Disc Cash Flow @10% ($): US$2,100,000 • Return on Investment (Undisc): 3.4: 1 • Internal Rate of Return (IRR)(%) 142% • Initial Pr
Slide 10: Thomas 119-1H Horizontal Well
Thomas 119-1H Horizontal Well EN ERGY LI M I TED For personal use only u On the Thomas 119-1H well, a production liner with 20 external swellable packers was run to total depth of 10,265 feet. The swellable packers separate the target Ellenburger Formation into 20 intervals of approximately equal le
Slide 11: Current Acreage (9,370 net acres)
Current Acreage (9,370 net acres) EN ERGY LI M I TED For personal use only 9,370 net acres owned in Nolan County, Texas, USA. Upon success further acreage along the expected oil trend across 7 counties of Texas will be purchased. Proposed Devon Well Winchester’s White Hat 20#1 Well (9,370 net acres)
Slide 12: Experienced Board
Experienced Board EN ERGY LI M I TED For personal use only u Board of WEL has a combined 130 years of successful experience in oil and gas discovery, development and production in the USA and many other parts of the world. u Key founders, directors and shareholders of WEL are Neville Henry (Houston
Slide 13: Experienced Board
Experienced Board EN ERGY LI M I TED For personal use only WEL has a strong and experienced Board with the skills required to develop WEL’s oil and gas assets in Texas and deliver shareholder value. Peter Allchurch Geologist and Resource Venture Capitalist with 48 years’ experience in Mineral and Pe
Slide 14: Performance Securities and Payments
Performance Securities and Payments EN ERGY LI M I TED For personal use only TYPE AMOUNT TERMS AND CONDITIONS Options 30,000,000 Each option has an exercise price of A$0.25 and a term which expires on 30 April 2019. Class A The Class A convertible milestones notes have no value unless the milestone
Slide 15: Contact Details
Contact Details EN ERGY LI M I TED For personal use only Neville Henry Managing Director Tel: +1 713 728 6315 Cell: +1 832 656 9916 Australia USA Level 1 Two Riverway 100 Havelock Street 17th Floor West Perth WA 6005 Suite 1700 Australia Houston Texas USA 77056 PO Box 641 West Perth WA 6872 Australi