Slide 1: Webinar Presentation
For personal use only Webinar Presentation 9 July 2024 ASX:EXR
Slide 2: Gas - Macro Overview
For personal use only Gas - Macro Overview 1. 2. 3. The desired energy LNG demand forecast East Coast Australia transition is very hard to rise gas supply crisis • A wide variety of challenges – • Multiple industry and • The long recognised supply physical, economic and Government parties crunch is
Slide 3: The East Coast Gas Crisis is Upon Us
The East Coast Gas Crisis is Upon Us The Taroom Trough has the location and scale to make a difference For personal use only • For many years industry observers have noted the East Coast gas market faces a growing gap between demand and supply • A crunch is now potentially imminent – gas storage in
Slide 4: The Elixir Team
For personal use only The Elixir Team Board of Directors Quality Partners and Suppliers Richard Cottee Non-Executive Chairman – Information Sharing Agreement Former Managing Director of CSG focused Queensland Gas Corporation (QGC), taking it from market cap of $20M to $5.7B Other former CEO position
Slide 5: Capital Structure and Shareholder Information
For personal use only Capital Structure Shareholder Information Capital Structure 5.85% | MD & Directors Capital Structure Current Number of Shares 1,132 million 19.3% | Top 20 Elixir Energy Shareholders Options & Perf Rights 115 million Shareholders Market Capitalisation (at A$0.11) A$125 million C
Slide 6: The Taroom Trough – An Advantaged Location
The Taroom Trough – An Advantaged Location The prolific Bowen Basin is now set to deliver another energy source • The Grandis Gas Project is very well For personal use only located in the Taroom Trough in the Southern Bowen Basin • Australia’s premier physical and commercial gas hub – Wallumbilla –
Slide 7: Material and Growing Energy Infrastructure
Material and Growing Energy Infrastructure The Taroom Trough is adjacent to substantial and growing energy infrastructure For personal use only • New energy sources always benefit from adjacency to existing energy infrastructure – brownfields economics apply • The region has a substantial existing g
Slide 8: Attractive to Large Sources of Capital
Attractive to Large Sources of Capital Securing material capital for gas development needs to pass through multiple gates For personal use only • The Taroom Trough is a favourable location for such large companies: 01 Brownfields – many majors, large LNG buyers, etc, are 02 Low emissions profile – t
Slide 9: Multiple Operator Activity
Multiple Operator Activity Home to several majors, the Taroom Trough hosts material discovered and potential gas resources For personal use only • Shell: Currently drilling. “The estimate of recoverable hydrocarbons in this reservoir across ATP 645 in the area covered by PCA 1 (305), on an unrisked
Slide 10: Daydream-2 – Multiple Objectives
Daydream-2 – Multiple Objectives Daydream-2’s multiple objectives are centred around de-risking and value creation For personal use only Target of >500 metres of gross vertical interval of prospective reservoirs DFITs to fully evaluate stress, pore-pressure and permeability 1. Straightened 2.ATP 204
Slide 11: Daydream-2 Delivers a Welcome Surprise
Daydream-2 Delivers a Welcome Surprise Daydream-2 discovered a first in the Taroom Trough – a free flowing deep permeable formation * For personal use only • Drilled to total depth of 4,300 metres (14,108 feet) • Well drilled safely and under budget ATP 2044 Straightened • Gross interval of 607 metr
Slide 12: Lab Results Deliver More Upside
Lab Results Deliver More Upside Lab results reported in recent results suggest Perth & Cooper Basin analogues * For personal use only • Significant over-pressure confirmed – 9,400 psia in deep permeable zone • Analysis of cuttings samples from the deep permeable sand interval has identified clay ATP
Slide 13: Impressive Initial Flow Test Results
Impressive Initial Flow Test Results Successful Lorelle Sandstone flow testing * For personal use only • Conducted after a successful suite of DFITs • 2 stage flow test over permeable zone from 4,200 - 4,217 metres • Maximum Rate 2.3 MMSCFPD • Stabilized Rate 1.3 MMSCFPD • Gas was dry without indica
Slide 14: Daydream-2 Lorelle Sandstone Flow Testing
For personal use only Daydream-2 Lorelle Sandstone Flow Testing* Uploading completion fluid 2nd Flow Period 1st Flow Period Max. Rate: Max. Rate: 2.3 MMCFPD 1.8 MMCFPD Stab. Rate: Stab. Rate: 1.3 MMCFPD 1.3 MMCFPD Uploading completion fluid * See ASX release dated 5 April 2024
Slide 15: A New Play is Being Proven
A New Play is Being Proven Economic flow-rate of 2.5mmscfd for vertical wells – the Lorelle Sandstone alone is modelled to meet this* For personal use only At 4,200 metres this is the deepest sustained natural flow of gas in Queensland and may herald the start of a whole new- and material - gas play
Slide 16: Next Few Months are Critical for Project Grandis
For personal use only Next Few Months are Critical for Project Grandis Daydream 2 Remaining Program 2024 July August Wk1 Wk2 Wk3 Wk4 Wk1 Wk2 Wk3 Wk4 Prepare and Rig Up for Lorelle Test Flow Test Lorelle Sst (Stage 1) Perforate and Stimulate Stages 2 to 6 Flow Test Various Stages Timelines are indica
Slide 17: Project Grandis Acreage Recently Expanded
Project Grandis Acreage Recently Expanded Elixir’s Project Grandis has recently expanded through success in a Government acreage program For personal use only • The Queensland Government recently appointed Elixir as the Preferred Tenderer for a new release of petroleum acreage in and adjacent to the
Slide 18: Mongolian CBM Asset Overview
Mongolian CBM Asset Overview Elixir was the pioneer in another gas play opener – CBM in Mongolia For personal use only Elixir’s foundation asset – the 100% owned 01 Nomgon IX Coal Bed Methane (CBM*) Production Sharing Contract (PSC) project in the South Gobi region of Mongolia ATP 2044 Highly experi
Slide 19: Extended Pilot Production Test
Extended Pilot Production Test The Nomgon project is getting ever closer to a key inflection point – a commercial flow rate For personal use only Progress to date • Mongolia’s first CBM pilot - commenced in late 2022 Nomgon-9 flare • Early gas flows - likely due to dual porosity/perm • Meaningful ga
Slide 20: Reservoir Pressure Falling Steadily
For personal use only Reservoir Pressure Falling Steadily
Slide 21: Summary
For personal use only Summary The World needs more gas for The East Coast has strong The Taroom Trough has longer – now explicitly pricing, a growing supply multiple locational advantages recognised by Govt policy gap & LNG plant ullage to serve these markets The Taroom is currently Early success fr
Slide 22: Important Notice & Disclaimer
For personal use only Important Notice & Disclaimer This document has been prepared by Elixir Energy 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 providin
Slide 23: Investors & Media
For personal use only INVESTORS & MEDIA Neil Young Managing Director info@elixirenergy.com.au Phone +61 8 7079 5610 www.elixirenergy.com.au www.elixirenergy.com.au ASX:EXR