Slide 1: Leveraged for Growth
Leveraged for Growth For personal use only Annual General Meeting - Corporate Presentation 30 November 2015 ASX:EXR
Slide 2: 2015 – Elixir’s Progress in a Challenging Year
2015 – Elixir’s Progress in a Challenging Year For personal use only Challenging period for oil and gas exploration companies Elixir moved briskly to initiate a reduction in corporate overheads in January 2015, reducing Director fees and streamlining the business Achieved our stated target of
Slide 3: Transformational Acquisition – Cliff Head
Transformational Acquisition* – Cliff Head For personal use only 57.5% Working Interest in 1,500 bopd cash flow positive producing oil field 10 year production life at current oil prices with opportunities to extend life through infield production enhancement and development activities Remaini
Slide 4: Cliff Head Project Summary
Cliff Head Project Summary Production, Cash Flow and Oil Price Leverage For personal use only 57.5% Working Interest in 1,500 bopd near shore producing oil field with onshore processing plant Commenced production in 2006 and has produced approximately 14.5MMBBLS to date Remaining 2P reserves e
Slide 5: Why Cliff Head and the Perth Basin?
Why Cliff Head and the Perth Basin? Prior experience and expertise of Management and Board For personal use only The Management and Board of Elixir have extensive experience with the Cliff Head Project, having worked independently for two of the previous Joint Venture partners Mr Dougal Ferguson
Slide 6: Deal Rationale
Deal Rationale High leverage to oil price, good Operator, existing cash flow For personal use only Cliff Head well run by ROC and will be core to Elixir’s business going forward Low acquisition cost in current weak oil price environment provides exceptional leverage to Elixir shareholders with e
Slide 7: Deal Metrics
Deal Metrics Low up front cost acquisition with cash flow milestones For personal use only Payment of $100,000 deposit on 18 December 2015 Payment of balance of $900,000 on Completion (estimated to be on or before 29 February 2016) Effective Date of acquisition 1 October 2015 For each of the
Slide 8: Cliff Head Project History
Cliff Head Project History Significant investment in infrastructure and wells over 15 years For personal use only Dec 2001 – Cliff Head-1 discovery well March 2005 – FID based on ~12mmbbls recoverable reserves October 2005 – 81 km2 Production License granted over Cliff Head field and surrounding pro
Slide 9: Field Life Extension Projects
Field Life Extension Projects Minimum field life of 10 years with opportunities to extend For personal use only 2014 study undertaken by ROC identified several field life extension opportunities Projects identified ranged from high impact exploration (Mentelle updip), low risk appraisal drilling
Slide 10: Corporate Overview and Capital Structure
Elixir Petroleum Limited (ASX:EXR) Corporate Overview and Capital Structure For personal use only Current Pro-Forma* Capital Raise Details Capital Structure (million) (million) Completed Placement of approximately Ordinary Shares (ASX:EXR) 1,602 1,736 258 million shares to raise $258,000 Listed Op
Slide 11: Petra Project - Colorado
Petra Project - Colorado Focussed Exploration Program Delivering Results For personal use only Nighthawk 50% Working Interest in 30,000 net acres covering 2015 Drilling relatively new Mississippian and Pennsylvanian trend in Washington County, Colorado Long term leases with very low holding cost
Slide 12: Petra Project – Regional Activity
Petra Project – Regional Activity Rodwell Prospect on trend with 2015 Nighthawk Drilling Program For personal use only Nighthawk entered Joint Development Area with Cascade in January 2015 by committing to drill 6 exploration wells prior to 30 June 2016 4 exploration wells to be drilled pre 31 D
Slide 13: Investment Highlights
Investment Highlights For personal use only 57.5% Working Interest in 1,500 bopd cash flow positive producing oil field 10 year production life at current oil prices with opportunities to extend life through infield production enhancement and development activities Remaining 2P reserves estima
Slide 14: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This document has been prepared by Elixir Petroleum Limited (ABN 51 108 230 995) (“Elixir”) in connection with providing an overview of its business to interested analysts/investors. This presentation is being provided for the sole purpose of provi
Slide 15: Contact Information
Contact Information For personal use only Dougal Ferguson Managing Director +61 (08) 9226 2111 dferguson@elixirpetroleum.com 15