Axp Energy Limited · ASX:AXP
Axp Energy — Austin Exploration — Investor Presentation (January 2008)
24 slides from Axp Energy's investor presentation, January 2008
Slide 1: Austin Exploration Limited
Austin Exploration Limited Headquartered in Adelaide, Australia The Rebirth of Austin into a Gas development and production company Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 1 ACN 114 198 471
Slide 2: Disclaimer: forward looking statements
Disclaimer: forward looking statements This presentation may contain forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable but they may be affected by variables and chang
Slide 3: Welcome / Introduction to the new Austin Strategy
Welcome Introduction to the new Austin Strategy Directors Park City Gas Field Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 3 ACN 114 198 471
Slide 4: Directors
Paul Desmond Teisseire LLB (Director - Non-Executive Chairman) Mr. Teisseire is Non-Executive Chairman of a number of public listed companies including Auspine Ltd, Legend Corporation, and Broadcast Services Australia Ltd, and several non-listed companies. David Max Schuette (Managing Director) Davi
Slide 5: Listed on the Australian Stock Exchange (ASX code: AKK)
Listed on the Australian Stock Exchange (ASX code; AKK) Current Share Price AU $.17 Shares Listed 52,028,125 Shares Fully Diluted 112,193,125 52 Week Price Range AU $.83 - $.17 Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 5 ACN 114 198 471
Slide 6: Move Austin into a development focused company
Move Austin from a prodomotalty exploration focused company into a development focused company Fund and develop the newly acquired Park City Gas field, Kentucky, USA Leverage our existing lease interests by selling or creating farm-outs that generate cash flow Develop PEL 73 and PEL 105 In
Slide 7: The Park City Gas Field, Kentucky, USA
The Park City Gas Field, Kentucky, USA 39BCF U.S. Gas Field Development Underway Forecasted Company Impact to exceed US$100m Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 7 ACN 114 198 471
Slide 8: Drill schedule and producing wells
The drill schedule is expected to deliver approximately 44 producing wells by the end of calendar year 2008. The RET agreement also gives Austin the opportunity to drill more than 200 wells in total on the field before the end of calendar year 2011. The initial 24 month drilling focus is within
Slide 9: Estimated Ultimate Recovery - $196,000,000 in six yrs
Estimated Ultimate Recovery - $196,000,000 in six yrs Summary - The initial 24 month drilling focus is within a proven production field that includes over 60 existing gas wells operated by the operator (RET) that are currently being connected to a delivery pipeline and processing facility owned by
Slide 10: Low, Medium and High Case Single Well Flow
Low Case - Single Well Flow $ 114,137,200 Medium Case - Single Well Flow $ 196,451,200 High Case - Single Well Flow $ 262,067,760 Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 10 ACN 114 198 471
Slide 11: Austin Exploration Limited ACN 114 198 471 Austin Exploration Limited ACN 114 198 471
Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 11 ACN 114 198 471
Slide 12: Wilkerson #2A Operations Report
Wilkerson #2A Operations Report (Jan. 20, 2008) The Wilkerson #2A has estimated recoverable reserves of about 600 MMCFG from the Fort Payne Formation and the New Albany Shale. The drilling and completion costs were $150,000 and the current price for the gas is $4.2 after Nitrogen extraction and pr
Slide 13: Gas composition and heating value
Molecular Component and Percentage N2 CO2 H2S O2 He 16.316 0.110 0.000 0.000 0.000 H2 Ar C1 C2 C3 0.000 0.000 75.638 4.956 1.986 iC4 nC4 iC5 nC5 C6+ 0.190 0.551 0.096 0.114 0.142 Heating Value(Gross Btu / CF) Water Vapor Saturated 925.4 Dry 940.7 Testing performed by Pantechs Laboratories Inc. Austi
Slide 14: Austin Exploration Limited ACN 114 198 471 Austin Exploration Limited ACN 114 198 471
Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 14 ACN 114 198 471
Slide 15: Austin Exploration Limited ACN 114 198 471 Austin Exploration Limited ACN 114 198 471
$ 262,067,760 $ 196,451,200 $ 114,137,200 Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 15 ACN 114 198 471
Slide 16: Medium Case Projection Detail
Medium Case Projection Detail Gas Sales _Gross Yri Yr2 Yr3 Yr 4 Yrs Yr6 income 50 Wells $35,910,000 $13,656,250 $8,682,500 $7,992,500 $7,360,000 $6,612,500 100 Wells $35,910,000 $13,656,250 $8,682,500 $7,992,500 $7,360,000 150 Wells $35,910,000 $13,656,250 $8,682,500 $7,992,500 200 Wells $35,910,000
Slide 17: US natural gas consumption and production outlook
Consumption. Total natural gas consumption for 2007 is expected to rise by 4.5 percent primarily because of increases in the residential, commercial, and electric power sectors that occurred in the early part of the year (Total U.S. Natural Gas Consumption Growth). In 2008, total consumption is pr
Slide 18: Largest Gas Only Utility in the USA
Largest Gas Only Utility In the USA. Publicly traded on the NYSX as ATO Provides transport and Over 100 interconnects storage services to the covering U.S. MW, NE & U.S. Gulf Coast SE is available for growth Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 18 ACN 114 198 471
Slide 19: Pipeline and Plant are Ready
Pipeline and Plant are Ready Initial Drilling Focus is Bowling Green, Kentucky First Well Production plant Austin Exploration Limited Austin Exploration Limited ACN11/29/2007 114 198 471 19 ACN 114 198 471
Slide 20: Austin Exploration Limited ACN 114 198 471 Austin Exploration Limited ACN 114 198 471
Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 20 ACN 114 198 471
Slide 21: Texas & Tennessee Pipelines Contracted for Delivery
Texas & Tennessee Pipelines Contracted for Delivery Park City Project Focus Area Texas Gas Pipeline Hub Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 21 ACN 114 198 471
Slide 22: Austin Exploration Limited ACN 114 198 471 Austin Exploration Limited ACN 114 198 471
Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 22 ACN 114 198 471
Slide 23: Contact details
David Max Schuette USA Office 111 Congress Ave. Managing Director 4th Floor DavidS@AustinExploration.com Austin, Texas 78701 Ph. +1 512 370-3168 Kenny Hill Fax +1 866-234-9806 Chief Information Officer Kenny@AustinExploration.com Australian Office 25 Peel Street Adelaide SA 5000 Mr. G. A. Sepp
Slide 24: Austin Exploration Limited
Austin Exploration Limited Austin Exploration Limited Austin Exploration Limited ACN 114 198 471 24 ACN 114 198 471
Austin Exploration — Investor Presentation (January 2008) on 6ix