Adx Energy Ltd · ASX:ADX
Adx Energy — Shareholder Meeting (November 2010)
33 slides from Adx Energy's shareholder meeting presentation, Nov 15, 2010
Slide 1: ASX Release: Annual General Meeting Presentation
ASX Release For personal use only 15 November 2010 Annual General Meeting Presentation Attached is a copy of the presentation to shareholders for today’s Annual General Meeting at 10.30am. A copy of this presentation will also be available on the Company’s website www.adxenergy.com.au Ian Tchacos Ch
Slide 2: Annual General Meeting
For personal use only ANNUAL GENERAL MEETING 15 November 2010 www.adxenergy.com.au AUDACES FORTUNA JUVAT
Slide 3: Wolfgang Zimmer: Corporate Update
For personal use only WOLFGANG ZIMMER CORPORATE UPDATE
Slide 4: Introduction to ADX
Introduction to ADX Key Attributes For personal use only ASX listed (337 mm shares) international energy explorer with appraisal projects as well as gold and base metal assets located in Australia. Headquartered in Perth, WA a technical and operational office in Vienna, Austria and in Tunisia as
Slide 5: Asset Summary
Asset Summary For personal use only “Dougga Gas Appraisal” Sicily Channel Exploration Permit Potential for Joint “Lambouka Gas Discovery” development Sicily Channel Exploration Permit “IPO” “Sidi Daher Prospect” Onshore Tunisia Exploration Permit “Mineral Assets” WA Gold and Base Metal Portfolio “On
Slide 6: Key Strategies
KEY STRATEGIES For personal use only Early Entry to high impact exploration opportunities in proven basins Geographic focus on areas where; good access to infrastructure, markets, stable governments, attractive fiscal terms management has had past experience and established relationships Op
Slide 7: Recent Highlights
RECENT HIGHLIGHTS Matured Lambouka (offshore Tunisia) and Sidi Daher For personal use only (onshore Tunisia) prospects for drilling Secured funding for drilling Lambouka and Sidi Daher via Industry Farmouts and Rights issue Acquired Geostreamer 3D Seismic over Sicily Channel permits includin
Slide 8: Forecast Activities in 2010-2011
FORECAST ACTIVITIES IN 2010-2011 For personal use only Dougga gas field pre feasibility studies and resource review incorporating Lambouka discovery Q4 2010 Demerge ADX gold and base metal assets via IPO Q4 2010 Drill Sidi Daher exploration well - onshore Tunisia Q4 2010 Dougga and Lambouk
Slide 9: Portfolio Funding Alternatives
PORTFOLIO FUNDING ALTERNATIVES For personal use only Dougga Farmin Opportunity – Offshore Tunisia (60% interest) Material Mediterranean Gas Condensate appraisal and development opportunity which may be combined with Lambouka discovery to create a substantial regional development Lambouka Farmin
Slide 10: Riedel IPO Gold Asset Update
For personal use only RIEDEL IPO GOLD ASSET UPDATE
Slide 11: Gold and Base Metal Assets: Asset Highlights
Gold and Base Metal Assets For personal use only Asset Highlights Quality projects in prospective areas of WA including the emerging major metallogenic province hosting the Degrussa VMS Copper-Gold Deposit Existing Resources 400,000+ oz Gold with potential to expand and develop Drill Ready – Au,
Slide 12: Gold and Base Metal Assets: Project Locations
Gold and Base Metal Assets PROJECT LOCATIONS For personal use only Core: Broome . Marymia – 90% Cu, Au & Ni Millrose – 100% Au Mt Webb – 100% Cu-Au Exmouth Charteris Telfer Cheritons – 100% Ni & Au . Creek Additional: Mt Webb Bronzewing South/Kara JV - Au Carnarvon . Riedel 100% Mary M
Slide 13: Gold and Base Metal Assets IPO Details
GOLD AND BASE METAL ASSETS IPO DETAILS For personal use only Riedel Resources Prospectus lodged on 12 Nov 2010 Offer up to 35 million shares at $0.20 each to raise up to $7 million. Riedel will offer 10 million shares in priority to shareholders of ADX registered as at the Record date (Prior
Slide 14: IPO Timetable
* GOLD AND BASE METAL ASSETS IPO DETAILS For personal use only . IPO Timetable Event Date Lodgement of Prospectus with ASIC 12 November 2010 Exposure period ends 5:00pm 19 November 2010 Record Date 17 November 2010 Priority Offer and Public Offer Opening Date 22 November 2010 Priority Offer Closing
Slide 15: Energy Asset Update
For personal use only Paul Fink ENERGY ASSET UPDATE 1. Offshore Sicily Channel (Italy & Tunisia) 2. Onshore Tunisia 3. Onshore Romania
Slide 16: Tunisia & Italy Assets: Activities in 2010
TUNISIA & ITALY ASSETS: ACTIVITIES IN 2010 For personal use only Drill first Chorbane area Drilled first deep water well Shot 770 km2 Dual Sensor 3D well since 20 years in Q4 in Tunisia in Q3 2010 seismic in Q2 2010 2010 (Lambouka-1) Lambouka Dougga ...a busy year for ADX
Slide 17: Dougga and Lambouka Area Overview
DOUGGA AND LAMBOUKA AREA OVERVIEW ± ADX - 3D For personal use only Location Map Lambouka-1
Slide 18: The Lambouka – Dougga Hub Potential
THE LAMBOUKA – DOUGGA HUB POTENTIAL ”A large Gas Condensate Resource close to markets” For personal use only •Close to shore •Close to infrastructure •Close to high price local & Lambouka European markets Dougga •Close by tie – in opportunities covered by 3D
Slide 19: The Lambouka – Dougga Hub Potential
THE LAMBOUKA – DOUGGA HUB POTENTIAL ”A large Gas Condensate Resource close to markets” For personal use only •Close to shore Dougga •Close to infrastructure Dougga North Lambouka •Close to high price local & European markets •Close by tie – in opportunities covered by 3D
Slide 20: The Lambouka – Dougga Hub Potential
THE LAMBOUKA – DOUGGA HUB POTENTIAL ”A large Gas Condensate Resource close to markets” For personal use only OLD 2D SEISMIC
Slide 21: Dougga Gas Condensate Appraisal Project
DOUGGA GAS CONDENSATE APPRAISAL PROJECT: ± ADX - OPERATOR (60%) For personal use only 6Asset Highlights Lambouka Discovered gas resource with high liquids content and approximately 30% CO2 Independently assessed volume of audited mean Dougga Field contingent sales gas resources of 196 bcf and 42
Slide 22: Dougga Gas Condensate Appraisal (continued)
DOUGGA GAS CONDENSATE APPRAISAL (continued) For personal use only Dougga Prefeasibility Review Dougga-1 Revised volumetrics based on new 3D seismic Revised reservoir engineering modelling incorporating Lambouka reservoir data (FMI, new logs) untapped up dip Development engineering surface and
Slide 23: Lambouka Gas Discovery - Preliminary Assessment
LAMBOUKA GAS DISCOVERY - Preliminary Assessment - ADX operated For personal use only Schematic Seismic cross section through Lambouka structure northeast southwest Lambouka-1 Quick Look Petrophysics 1 km Hydrocarbon bearing reservoir layers
Slide 24: Lambouka Gas Discovery - Preliminary Assessment
LAMBOUKA GAS DISCOVERY - Preliminary Assessment For personal use only Resource evaluation is based on the incorporation of the following data: A comprehensive set of LWD and wire line log data Gas chromatography data acquired during the Lambouka #1 drilling campaign; and Dougga Prefeasibility Re
Slide 25: Dougga and Lambouka Gas Discoveries
DOUGGA AND LAMBOUKA GAS DISCOVERIES For personal use only Combined Resource Potential – Dougga and Lambouka Mean Liquids Resources Mean Gas Resources (MMBBLS) (BCF) Note: Lambouka Liquids estimate based on Dougga CGR excluding LPG’s “Significant potential Gas and Liquids resource with material upsid
Slide 26: Chorbane Exploration – ADX Operated
CHORBANE EXPLORATION – ADX OPERATED For personal use only Onshore Tunisia
Slide 27: Chorbane Exploration: Asset Highlights
CHORBANE EXPLORATION – ADX OPERATED For personal use only Asset Highlights Large undrilled onshore structures in producing oil & gas province High quality seismic definition available over prospects and leads Ready to drill multi-target and DHI supported Sidi Daher Prospect with 175 BCF of gas an
Slide 28: Chorbane Exploration: Ready to Drill End 2010
CHORBANE EXPLORATION READY TO DRILL END 2010 For personal use only EASY SITE ACCESS CLOSE TO INFRASTRUCTURE RIG BIDS RECEIVED MULTI TARGET: OIL & GAS DIRECT HYDROCARBON INDICATOR (DHI) NE DRILL HERE Gas Plant (BG, 25km) Sidi Daher Well Location SIDI DAHER-1
Slide 29: Chorbane Exploration: Direct Hydrocarbon Indicator
CHORBANE EXPLORATION DHI (flatspot) 16 READY TO DRILL END 2010 For personal use only sqkm, 140 m height DIRECT HYDROCARBON INDICATOR (DHI) significantly enhances chance of success Conformable with structure At known reservoir level Structural closure: 73sqkm, 340 m height Metlaoui Flat Spot NE
Slide 30: Romania Parta Block – ADX Operated (60%)
ROMANIA PARTA BLOCK – ADX OPERATED (60%) For personal use only Asset Highlights Parta Block awarded at 10th bidding round in July 2010 ± Parta is a prolific exploration block in a proven and producing hydrocarbon province in Romania 1,200km² acreage with eleven identified leads…proven source
Slide 31: Romania Parta Block: Stratigraphic Traps
ROMANIA PARTA BLOCK – ADX OPERATED (60%) Well-X STRATIGRAPHIC TRAPS UNDRILLED CLOSURE For personal use only New stratigraphic play concept, with large uspide, proven in Hungary, just a few km away! STRATEGY Acquire 3D seismic (never done before here!) Target also stratigraphic traps with large u
Slide 32: Contact Us
CONTACT US For personal use only – Wolfgang Zimmer: Managing Director – Paul Fink: Technical Director – Ian Tchacos: Chairman – Office: Suite 6,Level 2, 11 Ventnor Ave, West Perth, Australia WA 6005 » Ph: +61 8 9226 2822 » Fax: +61 8 9226 5333 – Website: www.adx.com.au – Email: wolfgang.zimmer@adx-e
Slide 33: Thank You!
THANK YOU! For personal use only Dougga Dougga Lambouka North “A TRANSFORMATIONAL OPPORTUNITY”