Axp Energy Limited · ASX:AXP

Axp Energy — Investor Presentation (March 2019)

17 slides from Axp Energy's investor presentation, Mar 26, 2019

  1. Slide 1: Investor Presentation - March 2019

    INVESTOR PRESENTATION - MARCH 2019

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation and any materials provided (materials) have been prepared by Fremont Petroleum Corporation Limited (ASX:FPL) and contains general information about FPL’s activities. By accepting the Materials you agree to be bound by the below terms and conditions. This presentation is

  3. Slide 3: Company overview

    Company overview FPL.ASX $0.020 $3,000,000 $0.018 $2,500,000 Board & Management $0.016 $2,000,000 Executive Chairman Mr. Guy Goudy $0.014 $0.012 $1,500,000 Managing Director & CEO Mr. Tim Hart $0.010 $1,000,000 Non-Executive Director Mr. Stuart Middleton $0.008 $0.006 $500,000 Non-Executive Director

  4. Slide 4: Fremont's Pathfinder Field location

    Fremont’s Pathfinder Field location Colorado Fremont County, Colorado http://www.rockymountainenergyforum.com/topics/wattenberg-field 4

  5. Slide 5: Overview

    Overview  Drilling success has conclusively proven the Pathfinder Field is productive from the Niobrara Formation  J.W. Powell vertical well flow tested at 220 BOE (80% gas 20% oil)  Proves that nearby Wattenberg Field Niobrara Formation extends to Pathfinder – Wattenberg is the 4th largest oil &

  6. Slide 6: Why Fremont's acreage is worth a lot more

    Why Fremont’s acreage is worth a lot more Date Buyers Value Type Location US Play US$/Acre Counties (USS) Nov 17 SRC Energy Inc $568m Property Colorado Niobrara $16,945 Weld Nov 17 Extraction Oil & Gas $195m Property Colorado Niobrara $6,500 Adams, Arapahoe Sept 17 PDC Energy Inc $210m Property Colo

  7. Slide 7: Collaborating with Schlumberger to develop Pathfinder

    Collaborating with Schlumberger to develop Pathfinder  April 2019 – Collaborating on the Amerigo Vespucci # 1 well after success on the J.W. Powell  Long-term collaboration to develop Pathfinder - a 50 + well program proposed  Proving up Pathfinder through low-cost vertical drilling Using their p

  8. Slide 8: Pathfinder's Niobrara Formation ~twice as thick as the Wattenberg Field

    Pathfinder’s Niobrara Formation ~twice as thick as the Wattenberg Field DJ Basin/Wattenberg Niobrara Pathfinder - JW Powell Niobrara Depth (ft) 6,000 - 8,000 5,141 - 5,681 Thickness (ft) 150 - 300 537 Porosity (%) 6-10% 6-10% Water Saturation (%) 35-90 37-42 Thermal Maturity (Ro) 0.5-1.4 0.72 Resist

  9. Slide 9: Oil and gas resources

    Oil and gas resources P90 P50 P10  1C Gas Resource (90% Probability) = 540 Billion Cubic Feet of Gas (1C) (2C) (3C)  1C Oil Resource (90% Probability) = 54 Million Barrels of Oil Niobrara Contingent Oil Resources, MMBbl 25.4 31.4 38.1 Contingent Gas Resources, BCF 312 366 425 Pierre Contingent Oil

  10. Slide 10: Fully funded to realise significant value in the next two quarters

    Fully funded to realise significant value in the next two quarters  Drilling and completion of Amerigo Vespucci well – on site mid April  Schlumberger collaborating on next well  Seismic work on new area of field to identify production hot spots  Binding gas offtake(s) announced and gas sales st

  11. Slide 11: Geological analysis @ Fremont

    Geological analysis @ FREMONT

  12. Slide 12: Paleoenvironment during Niobrara deposition

    Paleoenvironment during Niobrara deposition  Niobrara deposition occurred between approximately 89 and 82 Ma  At that time global temperatures were higher and a vast temperate seaway covered the interior of modern day North America from north to south  Changes in Niobrara lithology from shales an

  13. Slide 13: Niobrara Formation Codell Formation log comparison

    CO WY A A’ 5136’ 6473’ 6816’ 7978’ Log Comparison Niobrara 6800’ 6667’ Pathfinder Vs Wattenberg A Niobrara Formation B C Twice as thick as Wattenberg D Codell Formation Fort Hays Codell Triple as thick as Wattenberg EXPLANATION 10/2/2005 Niobrara Lithology Well Details Shale JAKE 2-01H Depth to top

  14. Slide 14: J.W. Powell 23-35 well cuttings logs – oil and gas shows

    J.W. Powell 23-35 well. cuttings logs – oil and gas shows for approximately 1,000 feet Oil Shows Gas Shows Oil Shows Gas Shows Oil Shows Gas Shows 14

  15. Slide 15: Trends of increased heat

    Trends of increased heat Wattenberg Wattenberg Florence Pathfinder (Modified from Drake and Hawkins, 2012) Florence Pathfinder  Wattenberg and Florence Pathfinder areas along trend with increased heat flow due to Colorado Mineral Belt  Higher geothermal gradient trends continue in both areas 15

  16. Slide 16: Wireline log data – petrophysical analysis

    Wireline log data – petrophysical analysis  Mineralogically similar to Wattenberg area  Resistivity readings >20 ohm-m are considered good in Wattenberg, Pathfinder area readings in 30-50 ohm-m range 16

  17. Slide 17: Contact Details & Disclaimer

    Contact Details & Disclaimer __________________________________________ Fremont Petroleum Corporation, Ltd. USA Headquarters Australian Office Timothy Hart 113 North Santa Fe Suite 302, Level 3 Managing Director & CEO Florence, Colorado 17 Castlereagh Thart@FremontPetroleum.com USA 81226 Sydney NSW

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