Adx Energy Ltd · ASX:ADX
Adx Energy — Shareholder Meeting (May 2021)
22 slides from Adx Energy's shareholder meeting presentation, May 28, 2021
Slide 1: ADX Energy Ltd – Investor Update, Annual General Meeting
ADX Energy Ltd – Investor Update Annual General Meeting 28 May 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 (27 May 2021) A$0.008 Ian Tchacos (Executive Chairman) • Located Perth; petroleum engineer; production operations, Number of shares 2,549 m Number of Options 508m commercial, corporate and ma
Slide 5: Strategic Focus
STRATEGIC FOCUS ADX Energy Ltd (ADX) is an ASX listed Oil & Gas Company Focussed on becoming a leading European energy producer and the provider of energy solutions for a low carbon society ADX is a rapidly growing European producer and explorer focusing on projects in Austria, Romania and Italy We
Slide 6: Asset Summary
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 c
Slide 7: 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 AD
Slide 8: Summary of Recent Highlights
SUMMARY OF RECENT HIGHLIGHTS Progress has been made on multiple fronts Vienna Basin Oil Fields Pump replacements and workover program • Increased production by 60% (April 21 compared to January 21) • Oil price up 18% over same period • Increased revenues Further infill and appraisal drilling opp
Slide 9: Zistersdorf Fields (Vienna Basin) - Asset Summary
ZISTERSDORF FIELDS (Vienna Basin) - Asset Summary 100% equity purchased from RAG MAP OF AUSTRIAN OIL & GAS Well work over operations 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 prod
Slide 10: Business Expansion Opportunities
BUSINESS EXPANSION OPORTUNITIES Utilising our existing assets and skills to transform our business into zero carbon energy production and emission reduction technology business » Redeploying subsurface reservoirs for safe, cost effective energy storage or green energy production Green Hydrogen Stora
Slide 11: Vienna Basin Green Hydrogen Project
VIENNA BASIN GREEN HYDROGEN PROJECT A potential lighthouse project in the European energy market with compelling attributes Developing partnerships for the production and storage of 1 hydrogen (H2) using depleted ADX gas reservoirs in the Vienna basin Offering substantial storage capacity for renewa
Slide 12: A Unique Position for Green H2 Production
A UNIQUE POSITION FOR GREEN H2 PRODUCTION Overview on the Vienna Basin Green Hydrogen Project Great Fundamentals » Utilise oversupply of renewable energy in summer to generate green H2 » Store H2 in depleted ADX Energy reservoirs in the Vienna basin » Sell H2 in winter at premium pricing when there
Slide 13: Vision for Green H2 Production & Storage
VISION FOR GREEN H2 PRODUCTION & STORAGE Opportunity to build a substantial, profitable & green H2 ecosystem for the energy sector at our Gaiselberg and Zistersdorf Fields 2030 Full ecosystem developed 2025-26 Small ecosystem 2023-24 Pilot project in operation Today, 2021 Initiation 100 MW » Integra
Slide 14: Large Scale Profitable Energy Storage
LARGE SCALE PROFITABLE ENERGY STORAGE Illustrative Comparisons AREA ENERGY COST The subsurface hydrogen storage ADX can store in one large hydrogen It costs Tesla approx. € 150 Million to build reservoir (“sponge”) is approx. 20 underground reservoir approx. 500 their “giant” 200 MWh battery storage
Slide 15: 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 16: Upper Austria – Opportunity Overview
UPPER AUSTRIA – OPPORTUNITY OVERVIEW Agreements for 2 exploration, Map of ADX licenses and infrastructure production and gas storage concessions (AGS) in Upper Austria New oil discoveries can be signed on 08 January 2021, 4 x 4 years directly tied into existing period, highly efficient licensing sys
Slide 17: Upper Austria – Historical Success Rate
UPPER AUSTRIA – HISTORICAL SUCCESS RATE Recent exploration success rate utilising 3D seismic is 48% Large oil fields discovered No Oil Drilling on 3D.… to be continued by ADX + Partner on 2D seismic & gravity Exploration Source: RAG (REP) Despite a strong focus on gas and the recent (ca. 2017) RAG
Slide 18: Upper Austria - Drill Ready & 3D Seismic Matured
UPPER AUSTRIA - DRILL READY & 3D SEISMIC MATURED Gas Oil 5.8 mmboe average prospect size Top 10 Matured Ready to Drill Prospects* * Note: appraisal portfolio not shown here 58 mmboe Best Note Excellent reservoir Balanced oil & Average prospect Technical Resources productivity (~1000 bopd); gas mix w
Slide 19: Upper Austria – Drill Ready Portfolio
UPPER AUSTRIA – Drill Ready Portfolio Two stand out prospects with follow up opportunities mapped on 3D seismic Best Technical Exploration well TD PROSPECT NAME fluid Map Name Recoverable Well Cost [m TVD] [mmboe] [MM Euro] Σ HIGH IMPACT EXPLORATION OHO gas (oil) OHO 20,4 4 365 6,6 ZELL AM MOOS gas
Slide 20: Upper Austria – Drill Ready Prospects
UPPER AUSTRIA – Drill Ready Prospects Two stand out prospects with follow up opportunities mapped on 3D seismic ADX AT-I prospects and leads, fields and pipelines including OHO OHO OHO 20.4 MMBOE ADX AT-II prospects and leads, fields and pipelines including Anshof ANSHOF ANSHOF 6.6 MMBOE Note : Orig
Slide 21: Next Steps for Austrian Expansion
NEXT STEPS FOR AUSTRIAN EXPANSION 1) Gaiselberg & Zistersdorf Asset Enhancement Enhance production through work over program Gaiselberg & Zistersdorf Production Pursue behind pipe potential with increasing oil price New infill reserves and appraisal opportunities using new reprocessed 3D data
Slide 22: adxenergy.com.au
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 adxenergy.com.au 22