Adx Energy Ltd · ASX:ADX
Adx Energy — Shareholder Meeting (February 2021)
16 slides from Adx Energy's shareholder meeting presentation, Feb 19, 2021
Slide 1: ADX Energy Ltd – Investor Update
ADX Energy Ltd – Investor Update Summary of Recent Company Activities Date: 19 February 2021 A European focussed energy producer (ASX:ADX) 1
Slide 2: Disclaimer Statement (1)
DISCLAIMER STATEMENT (1) Important Notice This document has been prepared by ADX Energy Ltd for the purpose of providing information to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any
Slide 3: Disclaimer Statement (2)
DISCLAIMER STATEMENT (2) PRMS Reserves Classifications used in this Report Developed Reserves are quantities expected to be recovered from existing wells and facilities. Developed Producing Reserves are expected to be recovered from completion intervals that are open and producing at the time of the
Slide 4: Corporate Overview
CORPORATE OVERVIEW A European focussed energy producer (ASX:ADX) Financial information Directors Share price (18 February 2021) A$0.010 Ian Tchacos (Executive Chairman) • Located Perth; petroleum engineer; production operations, Number of shares 2,465 m Number of Options (excl. SPP options) 330m com
Slide 5: Asset Summary: Production, development, appraisal and exploration assets
ASSET SUMMARY Production, development, appraisal and exploration assets Gaiselberg & Zistersdorf Oil Fields (Operated, 100% equity) Vienna Basin, Austria Stable, long lived cash flow and excellent facilities position with reserves and resource upside Efficient operations and low unit operating cost
Slide 6: Austria Is a Rare Break Through Opportunity
AUSTRIA IS A RARE BREAK THROUGH OPPORTUNITY ADX Vienna Basin ASSET POSITION Production 100% equity in oil production asset in Vienna Basin H2 and CO2 storage potential 100% equity in appraisal, exploration, gas storage and geothermal acreage in Upper Austria Assets managed and operated by ADX local
Slide 7: Summary of Recent Highlights
SUMMARY of RECENT HIGHLIGHTS Progress has been made on multiple fronts Vienna Basin Oil Fields Pump replacements and workover production enhancement program in progress Infill and appraisal drilling opportunity assessment ongoing Hydrogen storage feasibility studies commenced Upper Austria Appraisal
Slide 8: Zistersdorf Fields (Vienna Basin) - Asset Summary
ZISTERSDORF FIELDS (Vienna Basin) - Asset Summary 100% Equity purchased from RAG MAP OF AUSTRIAN OIL & GAS Austria AG (RAG) in December 2019 INFRASTRUCTURE Acquisition price @ EUR 2.2 per boe Zistersdorf & of 2P reserve and circa 1x EBITDA Gaiselberg Low emission production from state of the art fac
Slide 9: Vienna Basin Oil Fields – Recent Progress (1)
VIENNA BASIN OIL FIELDS – Recent Progress (1) Well work over program Down hole pump restoration work - failures due to unprecedented flooding event in early October causing pump failures in 5 production wells Perforate behind pipe reserves and install sand control measures in underperforming wells a
Slide 10: Vienna Basin Oil Fields – Recent Progress (2)
VIENNA BASIN OIL FIELDS – Recent Progress (2) Hydrogen storage pre-feasibility studies Trans European Network for Energy (TEN-E) ADX has identified a number depleted gas ADX Hydrogen storage reservoirs ideally suited reservoirs for safe and located at the heart of European TEN-E effective below grou
Slide 11: Molasse Basin (Upper Austria) – Exploration Summary
MOLASSE BASIN (Upper Austria) – Exploration Summary Source: RED Extensive 3D Seismic Data Base Predictable licensing system and operational access Excellent oil and gas infrastructure Access Strong community support “Drill ready prospect portfolio with infrastructure access, ministry and community s
Slide 12: Upper Austria Exploration – Recent Progress (1)
UPPER AUSTRIA EXPLORATION – Recent Progress (1) Upper Austria License Award Concession agreements for exploration, production and gas storage in Upper Austria (Upper Austria AGS) signed on the 8th of January 2021 (ASX Release 10 January 2021) Result of over 18 months of technical work, commercial di
Slide 13: Upper Austria Exploration – Recent Progress (2)
UPPER AUSTRIA EXPLORATION – Recent Progress (2) Drilling portfolio and farmout progress Top 10 Drill Ready Exploration Prospects Acreage contains appraisal and on trend exploration opportunities proximal to the central RAG oil facilties. A new structural concept mapped on 3D seismic resulted in impr
Slide 14: Upper Austria Exploration – Recent Progress (3)
UPPER AUSTRIA EXPLORATION – Recent Progress (3) Access and Tariff Agreements Agreement with RAG E&P provides ZR attractive commercial terms for the access R of future ADX oil and gas production. Refer KTG ASX 23/12/20 ZV BH SIER The e agreement provides economic certainty for development of hydrocar
Slide 15: Next Steps for Austrian Expansion
NEXT STEPS FOR AUSTRIAN EXPANSION 1) Gaiselberg & Zistersdorf Asset Enhancement Enhance production through work over program Gaiselberg and ADX production & Zistersdorf managementProduction personnel at Pursue behind pipe potential with increasing oil price Gaiselberg & Zistersdorf New infill reserv
Slide 16: adx-energy.com
Executive Chairman: Ian Tchacos ian.tchacos@adxenergy.com.au Chief Executive: Paul Fink Paul.Fink@adx-energy.com Finance Manager and Company Secretary: Amanda Sparks amanda.sparks@adxenergy.com.au ADX VIE Offices adx-energy.com 16