Adx Energy Ltd · ASX:ADX
Adx Energy — Oil Capital Conference - Pro Active Investors, London 2019
28 slides from Adx Energy's conference presentation, Oct 31, 2019
Slide 1: ADX Energy Ltd: A European Focused Producer, Developer and Explorer
For personal use only ADX Energy Ltd A European Focused Producer, Developer and Explorer. Oil Capital Conference - Pro Active Investors, London 31 October 2019 “We are transforming our business to become a leading onshore European producer and explorer focussing on rapid returns on investment and ca
Slide 2: Disclaimer Statement (1)
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Disclaimer Statement (1) For personal use only This document has been prepared by ADX Energy Ltd for the purpose of providing information regarding the RAG production asset acquisition to interested analysts/inv
Slide 3: Disclaimer Statement (2)
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Disclaimer Statement (2) For personal use only PRMS Reserves Classifications used in this Report Developed Reserves are quantities expected to be recovered from existing wells and facilities. Developed Producing
Slide 4: Company Overview
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Company Overview A European Focused Producer, Developer and Explorer For personal use only ASX Code ADX Zistersdorf & Gaiselberg Fields & 1,446 Shares on Issue Upper Austria million Exploration No of Shareholder
Slide 5: Strategic Shift
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Strategic Shift For personal use only Revised Strategic Focus - European Onshore Austria Goal – A Predictable and Romania Value Creation Trajectory based on 1.Premium commodity pricing resulting in high value ac
Slide 6: Recent Activities
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Recent Activities Current Status of Asset Base For personal use only Romania Drilling Success (Refer ADX Release dated 9/9/2019) ➢ Successful Parta Appraisal Well onshore Romania ▪ 20 BCF 2C Contingent Resource
Slide 7: Recent Activities: Romanian Appraisal & Exploration
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Recent Activities Romanian Appraisal & Exploration For personal use only Iecea Mare Production and Parta Exploration Sole Risk Area: IECEA MARE 19.4 km² Production ➢ ADX Operates and holds 58% interest Concessio
Slide 8: Iecea Mica-1 Drilling Results
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Recent Activities Romanian Appraisal & Exploration - Iecea Mica – 1 Drilling Results For personal use only Drilling Results (Refer ADX Release dated 9/9/2019) Iecea Mica 1 well ➢ 20 Bcf (2C) resources in 3 sands
Slide 9: RAG Asset Acquisition - Transaction Overview
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production Acquisition RAG Asset Acquisition - Transaction Overview For personal use only Deal Summary Zistersdorf & Gaiselberg Fields Zistersdorf & Gaiselberg Fields (Vienna Basin) (Vienna Basin) ➢ 100
Slide 10: Zistersdorf & Gaiselberg Oil Field - Vienna Basin
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production Acquisition Zistersdorf & Gaiselberg Oil Field – Vienna Basin For personal use only Stable production, low decline rate ( 2% PA) ➢Long lived cash flow and excellent facilities position ➢Effic
Slide 11: Zistersdorf & Gaiselberg Oil Field Facilities Summary
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production Acquisition Zistersdorf & Gaiselberg Oil Field – Vienna Basin For personal use only Facilities Summary (Boutique Oil Field) ➢ Wells – 34 production, 14 injection ➢ Production Facilities (up t
Slide 12: Exploration Potential - Upper Austria
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” For personal use only ADX Energy Ltd Exploration Potential - UPPER AUSTRIA Low CO2 and CH4 emission production from Austria 11
Slide 13: Austrian Exploration Potential
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Potential Exploration in a prolific basin with excellent infrastructure For personal use only Vienna Gas Fields Germany Oil Fields Salzburg ~10,000 km² ADX* oil Prospective production Explor
Slide 14: Austrian Exploration Potential: Geology
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Potential Production to date 220 MMBOE (~ 70% GAS) For personal use only Passau Bohemian Massif - Basement (Variscan) GERMANY Linz Molasse Foreland Basin (Eocene – Miocene) Flysch Zone (Cret
Slide 15: Austrian Exploration: Extensive Prospect Inventory
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Extensive Prospect Inventory Mapped on 3D Coverage: 3,650 km2 For personal use only 10,000 km² Prospective * Upper Austria & Salzburg only, Germany not included Exploration Area Passau Bohem
Slide 16: Attractive, Drill Ready Portfolio
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Attractive, Drill Ready Portfolio - facilitated by infrastructure For personal use only A Unique Opportunity – ready to Drill! ➢ New RAG shareholders focus on gas storage and hence divest oi
Slide 17: Multiple Layers of Value Available
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production & Exploration Transaction Multiple Layers of Value Available For personal use only “A Game Changer - Providing ADX with a break through position in the Austrian E & P sector and multiple valu
Slide 18: Impact of RAG Assets on ADX the Business
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Impact of RAG Assets on ADX the Business For personal use only Opportunistic appraisal Proactive production, exploration company heavily reliant on and development Company with farmouts & new equity access to ca
Slide 19: Summary of Planned Near Term Asset Activities
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Summary of Planned Near Term Asset Activities For personal use only Austrian Assets ➢ Transfer of Production Licences, Land and Production Personnel (Q4 2019) ➢ Transfer of Exploration Data and Exploration Perso
Slide 20: If you would like to know more?
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” If you would like to know more? For personal use only Executive Chairman: Ian Tchacos emails: ian.tchacos@adxenergy.com.au Chief Executive: Paul Fink email: Paul.Fink@adx-energy.com Finance Manager and Company S
Slide 21: Additional Information: RAG Austria Asset Acquisition
For personal use only Additional Information RAG AUSTRIA Asset Acquisition 18
Slide 22: RAG Assets - Value Development Potential Key Assumptions
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” RAG Assets – Value Development Potential Key Assumptions For personal use only Z&G Developed Z&G Infill Drilling Z&G field - Flysch Low risk, step out High Impact Exploration Production reservoir development exp
Slide 23: Type 1: Appraisal - Gas Prospect
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 1: APPRAISAL – GAS PROSPECT For personal use only Gas production Updip gas channel prospect Gas production Gas production The portfolio contains several shallow, small size (i.e. 3 - 5 bscf) but very low ri
Slide 24: Type 2: Step Out Exploration Gas Prospect
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 2: STEP OUT EXPLORATION GAS PROSPECT For personal use only SE NW HAIDACH GAS STORAGE Proven Miocene strat play concept & AVO The prospect is only a few km SE of Haidach, the largest gas storage field in Aus
Slide 25: Type 3: Medium Risk On Trend Oil Exploration
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 3: MEDIUM RISK ON TREND OIL EXPLORATION For personal use only West Base Flysch thrust N thrust This 3 target prospect is on trend with the Aschach oil field and structurally well defined by 3D seismic. The
Slide 26: Type 4: Higher Risk Oil Exploration - New Concept
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 4: HIGHER RISK OIL EXPLORATION – NEW CONCEPT ! For personal use only This subthrust Molasse Basin prospect has already a proven oil charge migration path from a downdip well. It is deemed to be risky becaus
Slide 27: Type 5: High Reward - High Risk Prospect - Thrust Belt
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 5: HIGH REWARD - HIGH RISK PROSPECT – THRUST BELT WITH MODERATE WELL COST AND DEPTHS! For personal use only WALCHAU: 1100 m TVD 650 bscf (P50) Large well defined surface anticline (“Walchau”) 704 MMUSD NPV(
Slide 28: Recent Oil Exploration Success
Oil Capital Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” RECENT OIL EXPLORATION SUCCESS STATISTICS ON 3D SEISMIC : 47% For personal use only Large oil fields discovered No Oil 3D seismic drilling on 2D seismic Exploration …..to be continued Despite the strong focus on
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