Xstate Resources Limited · ASX:XST
Xstate Resources — Investor Presentation (November 2011)
17 slides from Xstate Resources's investor presentation, Nov 4, 2011
Slide 1: Shareholder Update Presentation
ABN 96 009 217 154 For personal use only 4 November 2011 ASX Limited Electronic lodgement Shareholder Update P resentation Please find attached a revised presentation by Xstate Resources Limited incorporating the latest released information on the Sidi Dhaher oil discovery well and the exploration a
Slide 2: Shareholder Update 4 November 2011
For personal use only XST Shareholder Update 4 November 2011
Slide 3: Xstate… ready to test Sidi Dhaher oil discovery
Xstate… ready to test Sidi Dhaher oil discovery For personal use only Board and Management Xstate Capital Structure David Whitby Non-Executive Chairman Shares on issue (ASX: XST) 77.5 million Gary Jeffery Managing Director Listed Options (ASX:XSTO) 48.4 million @24c w/ June 2013 expiry Ross Kestel N
Slide 4: Tunisian Oil and Gas
Tunisian Oil and Gas Italy and EU For personal use only - Linked to Europe Transmed Gas Pipelines Xstate Permits are coloured yellow on Map Tunisia has attractive prospects and infrastructure: • Tunisian Oil: Proved Reserves: 425 mmbbl Production approx. 91,000 bopd Consumption: approx. 89,000
Slide 5: Chorbane Acreage - Oil Discovered
Chorbane Acreage- Oil Discovered For personal use only To Sidi El Kilani oil field (25km) KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (40%, Operator), Gulfsands (40%), Verus Investments (10%) • Area: 2,428 sq km • Onshore, covered by 2D seismic Sidi Dhaher Oil Discovery • Sidi Dhahe
Slide 6: Sidi Dhaher Oil Discovery - Ready for testing
Sidi Dhaher Oil Discovery- Ready for testing For personal use only KEY FACTS: • Xstate interest: 10% • Location: Onshore, Chorbane acreage • Description: Oil Discovery Sidi Dhaher 1 Location • Covered by 2D seismic on Simple Structure • Potential for commercial light oil flow from 30 metre column •
Slide 7: Kerkouane and Pantelleria Permit Discoveries
Kerkouane and Pantelleria Permit Discoveries For personal use only KEY FACTS: Kerkouane • Xstate interest: 10%(1) • Participants: ADX Energy (Operator) 60%, Gulfsands 30% Nilde Field 45 mmbo • Area: 3,725 sq km No dry holes in • Offshore, 50-1,000m water depth, covered by 2D and 3D seismic large per
Slide 8: Xstate Value Curve - Multiple projects
XState Value Curve- Multiple projects For personal use only Exploration Appraisal/Development Production Dougga Prospects & Leads Kerkouane Inventory Dougga West Sidi Dhaher East Lambouka Chaal Xstate’s Asset Depth: discoveries, prospects and leads spread along the value curve…
Slide 9: Xstate's Forward Plan
Xstate’s Forward Plan… For personal use only Short Term (<6 months) • Flow Test Sidi Dhaher oil discovery • Appraisal / early Development planning of discovery at Sidi Dhaher after flow confirmation • Dougga conceptual development studies and related reviews • Seek, Review and Acquire other drilling
Slide 10: Disclaimer, Risks, Competent Person Statement
For personal use only Disclaimer, Risks, Competent Person Statement This presentation contains forward looking statements that are 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 effe
Slide 11: Contact
For personal use only Contact: Gary Jeffery Managing Director Xstate Resources Limited 208 Bagot Road Subiaco WA 08 9381 4215 www.xstate.com.au
Slide 12: Led by Petroleum Industry Veterans
Led by Petroleum Industry Veterans… For personal use only David Whitby, Chairman Gary Jeffery, Managing Director • Graduate of Royal Military • Over 38 years worldwide College, Canada • Developed Varanus Gas Hub • Over 30 years international • Acquired Greater Gorgon experience acreage while Explora
Slide 13: Why the Pelagian Basin?
For personal use only Why the Pelagian Basin? • Hydrocarbon Source Numerous existing discoveries prove prolific source kitchens Surface and subsurface direct hydrocarbon indicators detected (geochemical and seismic) • Structure Multiple structures mapped on 2D and 3D seismic across a wide area
Slide 14: Dougga… Appraising the Shell discovery
Dougga… Appraising the Shell discovery For personal use only KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (60%, Operator), Gulfsands (30%) • Location: Offshore, Kerkouane acreage • Description: Gas-condensate discovery • Covered by 3D seismic; 320 m water depth • Dougga discovered by
Slide 15: Kerkouane… Appraising another Shell discovery
Kerkouane… Appraising another Shell discovery For personal use only KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (60%, Operator), Gulfsands (30%) • Location: Offshore, Kerkouane acreage • Description: Gas discovery with oil rim • Covered by 2D seismic; 100m water depth • Kerkouane di
Slide 16: Dougga West… Exploration Prospect
Dougga West… Exciting Exploration Prospect For personal use only KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (60%, Operator), Gulfsands (40%) Dougga • Location: Offshore, Kerkouane acreage West • Description: Gas discovery with oil rim • Covered by 2D seismic; 320m water depth • Ana
Slide 17: Dougga West Prospect - Nilde Oil Field Analogue
Dougga West Prospect -Nilde Oil Field Analogue Dougga Dougga 1 For personal use only West 3D Upper Birsa Lower Birsa Ain Grab Abiod Nilde Field 16
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