Adx Energy Ltd · ASX:ADX

Adx Energy — Investor Presentation (February 2012)

29 slides from Adx Energy's investor presentation, Feb 1, 2012

  1. Slide 1: ADX Energy Pro Active Investors Presentation

    For personal use only ADX ENERGY Pro Active Investors Presentation 1 February 2012, Radisson Sydney Ian Tchacos, Chairman

  2. Slide 2: Directors

    Directors For personal use only Ian Tchacos Chairman Wolfgang Zimmer Managing Director Paul Fink Director Andrew Childs Director Company Secretary Peter Ironside “A focussed and experienced Board and Management team”

  3. Slide 3: Disclaimer

    DISCLAIMER For personal use only This presentation contains 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 effected by a variety of variables whic

  4. Slide 4: Geographic focus

    ADX ENERGY For personal use only Geographic focus  Energy exploration focused on North Africa, Mediterranean and Central Europe

  5. Slide 5: Key Strategies

    KEY STRATEGIES For personal use only Corporate Strategy  Early entry to high impact exploration opportunities in proven oil and gas basins.  Commercialisation of existing discoveries. Operating Strategy  Maintain operatorship through the exploration - appraisal phase of the asset cycle. Funding S

  6. Slide 6: Corporate Summary

    CORPORATE SUMMARY For personal use only Share Capital Shares on Issue 438 million  ASX listed international Market Capitalisation @ 0.7 cents $ 30.6 million energy explorer Options * 31 million * exercise price between 25 to 40 cents  Headquartered in Perth, WA Share Trading History  Operational

  7. Slide 7: ADX Recent Activities

    ADX RECENT ACTIVITIES For personal use only ADX executed a $60 million exploration program with $12 million of shareholder funds via its funding strategy.  First Geostreamer 3D seismic acquired offshore Tunisia  First Tunisian deepwater well drilled incident free resulting in Lambouka gas discover

  8. Slide 8: Asset Summary

    ASSET SUMMARY For personal use only Appraisal and Exploration assets in Sicily channel onshore Tunisia and onshore Romania Sicily Channel Offshore Tunisia  Appraisal Projects Three existing gas condensate discoveries – Dougga (60%) with independently assessed 239 bcf Sales gas and 41 mmbbls liquids

  9. Slide 9: Value Generation Pipeline

    VALUE GENERATION PIPELINE For personal use only

  10. Slide 10: Why Invest in Tunisia?

    WHY INVEST IN TUNISIA? For personal use only  Political situation has stabilised following revolution and election.  Transparent and open legal system.  Competent and well educated public service.  Pro development government with strong demand for energy and excellent pricing for oil and gas. 

  11. Slide 11: ADX in Tunisia and Italy

    ADX IN TUNISIA AND ITALY For personal use only SIDI DHAHER WELL LOCATION 3 HOUR ROAD TRAVEL, MOSTLY ON MODERN HIGHWAYS

  12. Slide 12: Drilling Onshore Tunisia

    Drilling Onshore Tunisia Sidi Dhaher discovery well - September 2011 For personal use only

  13. Slide 13: Sicily Channel - Offshore Italy & Tunisia

    SICILY CHANNEL - OFFSHORE ITALY & TUNISIA For personal use only Kerkouane New ADX license Elissa Dougga-West Lambouka Dougga Combined most likely contingent and prospective resources: 1.15 billion barrels of oil equivalent.

  14. Slide 14: The Dougga Hub Potential

    THE DOUGGA HUB POTENTIAL For personal use only A LARGE GAS CONDENSATE RESOURCE CLOSE TO MARKETS  Condensate-rich resource  Close to shore Dougga (40kms)  Close to onshore Dougga West Lambouka infrastructure  Close to high price local and European markets  Proximal tie – in opportunities covered

  15. Slide 15: Dougga Gas Condensate Appraisal Project

    DOUGGA GAS CONDENSATE APPRAISAL PROJECT: ADX OP 60% For personal use only ASSET HIGHLIGHTS new Italian license  Discovered gas resource with high liquids content and Lambouka approximately 30% CO2 .  Independently assessed volume of audited mean contingent sales gas resources of 220 bcf and 42 mbb

  16. Slide 16: Dougga Gas Condensate Appraisal cont.

    DOUGGA GAS CONDENSATE APPRAISAL cont. For personal use only COMPETENT PERSONS REPORT (Tracs UK) Increase in Volumes Gross Contingent Resources (Project) Low Estimate Best Estimate High Estimate Mean Constituent (1C) (2C) (3C) Estimate Sales gas (bcf) 148 226 341 239 Condensate (mmbbl) 19.5 29.7 44.6

  17. Slide 17: Large Dougga Satellite on 3D Seismic

    LARGE DOUGGA “SATELLITE” ON 3D SEISMIC For personal use only DOUGGA APPRAISAL AND DOUGGA WEST NEW FIELD EXPLORATION OPPORTUNITY Lead Dougga – West Dougga Gas Messinian Condensate Field 30.6 km2 Top Birsa Ain Grab BouDabbous Abiod Sidi Kralif Dougga West prospect: Birsa Oil case recoverable prospecti

  18. Slide 18: Lambouka Appraisal & Exploration Opportunity

    LAMBOUKA APPRAISAL & EXPLORATION OPPORTUNITY For personal use only LAMBOUKA APPRAISAL & EXPLORATION OPPORTUNITY Appraisal opportunity Lambouka Discovery Deeper Exploration opportunity Risk Category P90 P50 Mean P10 Sales Gas [BCF] 145 277 309 528 contingent recoverable resources Lambouka Deep

  19. Slide 19: Kerkouane-1 Discovery: Emerging Appraisal Opportunity

    KERKOUANE-1 DISCOVERY: EMERGING APPRAISAL OPPORTUNITY For personal use only SHALLOW GAS DISCOVERY WITH OIL POTENTIAL  Sidetracked and then P&A in 1981 after massive gas kicks.  Solvent cut oil shows. A (108m Water Depth) A’ Ain Grab / Nilde Limestones  Cretaceous Abiod not reached!! TD 1352m  Sh

  20. Slide 20: Near Field Exploration on 3D

    NEAR FIELD EXPLORATION ON 3D For personal use only COVERED BY DUAL SENSOR 3D SEISMIC, MOST LIKELY PROSPECTIVE RESOURCES Resource Estimate Project Name Status [mmboe] Likely Fluid Drill Deeper - Lambouka-Deep Exploration 126 gas condensate oil or gas condensate Near Field Dougga West Exploration 226

  21. Slide 21: Near Field Exploration and Appraisal on 2D

    NEAR FIELD EXPLORATION AND APPRAISAL ON 2D For personal use only MOST LIKELY PROSPECTIVE RESOURCE – 2D SEISMIC ONLY ML Resource Project Name Status [mmboe] Fluid Kerkouane Appraisal 87 gas condensate Lambouka Overthrust Exploration 17 gas condensate Tazerka - North Exploration 24 oil Galliano Explor

  22. Slide 22: Onshore Tunisia: Chorbane

    ONSHORE TUNISA: CHORBANE For personal use only NEW OIL DISCOVERY TO BE WELL FLOW TESTED SOON SIDI DHAHER-1

  23. Slide 23: Chorbane Exploration - ADX Operated

    CHORBANE EXPLORATION – ADX OPERATED For personal use only ASSET HIGHLIGHTS  Large undrilled onshore structures in producing oil and gas province.  High quality seismic definition available over prospects and leads.  Sidi Dhaher discovered oil in the Cretaceous Bireno SIDI dolomite and will be tes

  24. Slide 24: Sidi Dhaher Drilling

    SIDI DHAHER DRILLING For personal use only SUCCESSFUL DRILLING OPERATION  Tunisia “Jasmine” revolution and uprising in neighboring Libya caused several weeks of delay.  Completed a safe and timely drilling operation during a time of partial power vacuum.  Developed a relationship of mutual trust

  25. Slide 25: Sidi Dhaher Drilling

    SIDI DHAHER DRILLING For personal use only SIDI DHAHER OIL RESOURCE POTENTIAL SIDI DHAHER-1 Pressure (PSIA) 1400 1500 1600 1700 1100 Oil gradient 1150 MDT Oil sample Depth 1200 Formation Water gradient 1250  Three Cretaceous reservoirs pre drill Risk Category P90 P50 Mean P10 (Abiod, Douleb, Bireno

  26. Slide 26: Romania Parta Block - ADX Operated 60%

    ROMANIA PARTA BLOCK – ADX OPERATED 60% For personal use only ASSET HIGHLIGHTS  Parta Block awarded at 10th bid round in October 2010.  Concession agreement signed with NAMR in January 2011.  Parta is a prolific permit in a proven and producing hydrocarbon province in Romania.  1,221 km² acreage

  27. Slide 27: Romania Parta Block cont. Strategy

    ROMANIA PARTA BLOCK – ADX OPERATED 60% cont. For personal use only STRATEGY  Acquire modern 2D and 3D seismic (first time in permit) in oil and gas producing area.  Low cost seismic and low cost drilling in area with access to European gas markets. AMPLITUDE SUPPORTED STRATIGRAPHIC TRAPS INFRASTRU

  28. Slide 28: Forecast Activities 2012-2013

    FORECAST ACTIVITIES 2012-2013 For personal use only  Test Sidi Dhaher oil discovery Q1 2012  Acquire seismic onshore Romania Q1 2012  Prepare for first well in Romania Q2 2012  Sicily Channel appraisal program • Drill Dougga gas field appraisal well Q4 2012 • Test Lambouka well Q4 2012 • Follow

  29. Slide 29: Contact Us

    CONTACT US For personal use only Ian Tchacos Chairman Wolfgang Zimmer Managing Director Paul Fink Technical Director Office Suite 6, Level 2, 11 Ventnor Avenue West Perth, WA, 6005 T: 61 8 9226 2822 F: 61 8 9226 5333 Website www.adxenergy.com.au Email admin@adxenergy.com.au ASX Code ADX

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