Axp Energy Limited · ASX:AXP
Axp Energy — Shareholder Meeting (January 2022)
10 slides from Axp Energy's shareholder meeting presentation, Jan 28, 2022
Slide 1: Annual General Meeting of Shareholders
ANNUAL GENERAL MEETING OF SHAREHOLDERS 12:00PM FRIDAY 28TH JANUARY 2022
Slide 2: Disclaimer
AGM 2021 DISCLAIMER This presentation and any materials provided to the reader (“the Materials”) have been prepared by AXP Energy Limited (“AXP” or “Company”) and contain general information about AXP’s activities. By accepting the Materials you agree to be bound by the terms and conditions below. T
Slide 3: CEO Address – 2021 in Review
AGM 2021 CEO ADDRESS – 2021 IN REVIEW ACHIEVEMENT HIGHLIGHTS Acquired the Appalachian Basin (MHP) assets on 1 March Closed the Trey asset acquisition and took over operatorship on 1 October Grew our net acreage holding from 13,610 acres to 90,895 acres Grew our number of wells from 78 to 1,4
Slide 4: Financial Year-on-Year Key Metrics Comparison
AGM 2021 CEO ADDRESS – FINANCIAL YEAR-ON-YEAR KEY METRICS COMPARISON FY 2021 FY 2020 % Change Net Production (MBOE) 188.3 8.2 2,187% Sales (MBOE post royalties) 171.0 9.1 1,775% Average realised oil price (U$/BBL) 57.1 41.2 39% Average realised gas price (U$/Mcf) 3.2 - - Operating cost (A$/BOE of ne
Slide 5: 2021 Production Enhancement Summary
AGM 2021 CEO ADDRESS – 2021 PRODUCTION ENHANCEMENT SUMMARY The operations team worked on over 70 wells during the year, almost 1 well every 5 days, and brought 441 BOE per day of production online: PRODUCTION ENHANCEMENTS Production Increase Per Day No. of PROJECT TYPE Gas NGL Oil TOTAL Wells [Mcf]
Slide 6: Midstream Production Issues
AGM 2021 CEO ADDRESS – MIDSTREAM PRODUCTION ISSUES Underlying production has increased, but has been severely curtailed during the year due to midstream issues: Gas Plant Daily Throughput [Mcf] | 6
Slide 7: Our Focus for 2022
AGM 2021 CEO ADDRESS – OUR FOCUS FOR 2022 Resolve the midstream issues in the Appalachian Basin Finalising our consolidation: Currently still using contract pumpers in Illinois & Indiana Implementation of in-house finance function, on a new platform is underway Executing our D&C Program: 8 wel
Slide 8: Our Focus for 2022 (continued)
AGM 2021 CEO ADDRESS – OUR FOCUS FOR 2022 (continued..,.) Develop alternative gas and power generation sales channels Colorado Site ready to implement (all equipment is present) Working with Elite under the current HOA to develop another site in KY Continued engagement with several other crypt
Slide 9: December Quarterly Highlight
AGM 2021 CEO ADDRESS – DECEMBER QUARTERLY HIGHLIGHT Quarterly Net Revenue – By Hydrocarbon | 9
Slide 10: Meeting Close
AGM 2021 MEETING CLOSE