Adx Energy Ltd · ASX:ADX
Adx Energy — Investor Presentation (February 2016)
19 slides from Adx Energy's investor presentation, Feb 25, 2016
Slide 1: ADX Energy Investor Presentation February 2016
For personal use only ADX Energy INVESTOR PRESENTATION February 2016 www.adx-energy.com 1
Slide 2: Disclaimer
DISCLAIMER For personal use only This document has been prepared by ADX Energy Ltd for the purpose of providing an activity update to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any co
Slide 3: Corporate Summary and Capital Structure
CORPORATE For personal use only Summary An ASX listed international energy explorer (ASX:ADX) Asset refocus on low cost, low risk, profitable asset commercialisation Portfolio of Appraisal, Development and Exploration assets Geographic focus – Offshore Mediterranean and Onshore Europe Expe
Slide 4: Geographic Focus
GEOGRAPHIC FOCUS Offshore Mediterranean and Onshore Central Europe For personal use only - Acreage Contains 1 Oil Field, 3 Oil Discoveries and 1 gas condensate discovery Parta, Romania 50% operated Pannonian Basin Provencal Tyrrhenian basin Sea Aegean extension 4 Sicily Channel Licenses Libyan Sea (
Slide 5: Strategic Direction - Current Assets
STRATEGIC DIRECTION - Current Assets Commercialisation of the Nilde Field Area Resources – Italy Sicily Channel For personal use only Tangible low risk resource with proven production performance and substantial 1C resource (20 MMBBLS) that can be converted to reserves at low cost Excellent re
Slide 6: Current Assets
For personal use only CURRENT ASSETS Nilde Field Area Project – Sicily Channel, Italy Parta Exploration Project – Onshore Romania Kerkouane Appraisal & Exploration Project - Offshore Tunisia 6
Slide 7: Current Assets: Nilde Oil Field Area
CURRENT ASSETS: Nilde Oil Field Area Background For personal use only 1 Abandoned Oil Field with 3 Oil discoveries (all tested) Nilde field produced but abandoned early Excellent seismic and well data base 34 mmbo remaining 2C recoverable resources (independently audited) Source: offshoreene
Slide 8: Nilde Field Area - Contingent Oil Resources
NILDE FIELD AREA - Contingent Oil Resources Gross Contingent1 Resources Volumes (MMstb) For personal use only 1C 2 2C2 Notes 3C2 Estimate Contingent Resources: those quantities of petroleum Estimate Estimate estimated, as of a given date, to be potentially recoverable from known accumulations but, f
Slide 9: Nilde Field Area - Key Project Attributes
NILDE FIELD AREA - Key Project Attributes • Historical production and test data for all undeveloped discoveries provides For personal use only confidence on reservoir performance and crude quality (light oil, 39⁰ API). • A substantial1C resource at Nilde and Nilde-Bis of 18 million barrels. • Potent
Slide 10: Nilde Oil Field - Production History
NILDE OIL FIELD - Production History Nilde oil produced: 21 mmbls from 112 mmbls OIIP •21 mmbo 39 API oil For personal use only Initial reserves post sanction in 1979: 6.3 mmbbls ~10,000 bbls/d produced mainly from 7860 bbls/d one vertical well (Nilde-2) 5700 bbls/d • Late life well added (Nilde 6)
Slide 11: Nilde Field History - Early Abandonment
NILDE FIELD HISTORY – Early abandonment For personal use only Peak production coincided with water break through and 1988 oil price collapse NILDE total annual Oil PRICE – REFINERY PRICES production in barrels of oil (grey: real, blue: nominal) New FPSO: Peak production: US$40 oil US$13 oil US $40 o
Slide 12: Nilde Field Area Commercialisation - Immediate Way Forward
NILDE FIELD AREA COMMERCIALISATION - Immediate Way Forward For personal use only Develop a reservoir production simulation model utilising production history to better predict future well performance and optimise development Engage with contracting companies to determine a fit for purpose and co
Slide 13: Current Assets - Parta Permit Progress
CURRENT ASSETS – Parta Permit Progress For personal use only 30 months extension of first exploration phase agreed with NAMR, government ratification pending 2 D seismic acquired indicating excellent prospectivity Extensive landowner work to secure access 3D area resulting in community support
Slide 14: Parta 3D Seismic Is a Game Changer
PARTA 3D SEISMIC IS A GAME CHANGER “Shooting Fish in a barrel” For personal use only S N PINCHOUT tested TRAPS Oil production 1.2 mmscf/d Ch IVb_ IVc_ IVa IVb_ Va IVc_ TS2 VI Vc BLOW OUT VIII Oil & Gas charge proven 8 sqkm trap area tested Multi – horizon play proven 1.2 mmscf/d Use 3D seismic
Slide 15: Kerkouane Permit - Offshore Tunisia
KERKOUANE PERMIT – Offshore Tunisia Nilde oil field The ADX Tunisian offshore license For personal use only area encompasses approx. 5,000 km² of a proven hydrocarbon Dougga – West (oil) 227 mmboe Best case province. Prospective Resource Kerkouane (Tunisia) offers several very large resource siz
Slide 16: Growth Strategy
GROWTH STRATEGY - Low cost, low risk production in areas we know well. For personal use only - Compliment current assets with low opex cash flow. - Leverage value development at Nilde to secure other assets Central & Southern Europe Opportunities: A number of appraisal and re development opportuniti
Slide 17: Summary - Playing to Our Strengths
SUMMARY – Playing to our strengths A strategic adjustment has been necessary to adapt the new oil price regime >> For personal use only Reduced administration costs and asset refocus The “Nilde Oil Field Area” offshore Italy has the potential for a significant reserve >> establishing a commercia
Slide 18: Immediate Activity - Outlook for 2016
IMMEDIATE ACTIVITY – Outlook for 2016 For personal use only 1. Corporate Continue to seek efficiencies and cost cutting opportunities, achieve recognition for tangible and substantial asset potential 2. Italy – Nilde area: Move contingent resources into reserves and thereby create significant shareh
Slide 19: For personal use only
For personal use only Ian Tchacos Executive Chairman Paul Fink Chief Executive Head Office: Level 2, Suite 14 210 Bagot Road, Subiaco, WA, 6008 Tel: 61 8 9381 4266 Fax: 61 8 9381 4766 Website www.adxenergy.com.au Email admin@adxenergy.com.au ASX Code ADX 19