Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — Shareholder Meeting (November 2011)
21 slides from Elixir Energy's shareholder meeting presentation, Nov 29, 2011
Slide 1: ASX Announcement - Company Presentation Material
ASX ANNOUNCEMENT For personal use only ABN 51 108 230 995 29 November 2011 Company Announcements Platform Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 By E-Lodgement COMPANY PRESENTATION MATERIAL Please find attached to this document a copy of the presentation slides to be
Slide 2: AGM Presentation 2011
AGM Presentation 2011 For personal use only 29 November 2011 Andrew Ross Managing Director (ASX:EXR)
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only Head Office Operations Office Elixir Petroleum Limited Elixir Petroleum (Technical Services) Limited Level 20, 77 St Georges Terrace 8 The Courtyard, Eastern Road, Perth WA 6000 Bracknell, United Kingdom RG12 2XB Tel: (+61) (8) 9440 2650 Tel: (+4
Slide 4: Overview
Overview For personal use only • Internationally focused oil and gas company with interests currently in conventional and unconventional exploration and production assets • Current geographic areas of activity are: ► Production from shallow shelf Gulf of Mexico ► Exploration activities in UK North S
Slide 5: Corporate Profile
Corporate Profile For personal use only Capital Structure at 25 Nov 2011 1.5% Aurora Exchange ASX:EXR 13.6% Insto Ordinary Shares 217.3m 67.0% 17.9% Unlisted Options (held by staff) 6.0m Retail N off Shareholders No Sh h ld 1 450 1,450 Directors Top 20 Shareholders 53% Trading Performance at 25 Nov
Slide 6: Moselle Permit Overview
Moselle Permit Overview For personal use only Location Onshore, NE France Area 5 360 km2 5,360 1,340,000 acres Ownership 100% European Gas Term 5 years Lundin & GDF Expiry Feb 2014 Vermillion Extensions Yes, 2 x 5 years 2D Seismic ~2,500km Gali Coz & Tethys Oil Wells on Block 24 Oil and/or gas shows
Slide 7: Geological Characterisation
Moselle Geological Characterisation For personal use only N Moselle Permit wells drilled to date Moselle Permit wells drilled to date S mainly for shallower Mesozoic mainly for shallower Mesozoic Carboniferous wells drilled for conventional traps Gas shows occur throughout Carboniferous section in t
Slide 8: Drilling History Overview
Drilling History Overview For personal use only Paradigm Shift – First Oil Resource Crisis Plays • Morhange – Forcelles – CBM targets - Gas to surface Oil Discovery • Saulcy • Pont Pont-Au-Mousson Au Mousson - o ettes • Lorrettes Gas to surface Trois Fontaine – • Chaumont Gas Discovery Focus on dril
Slide 9: Moselle Permit Technical Workscopes
Moselle Permit Technical Workscopes For personal use only Activity Status Acquisition and Digitisation of 450 km of well log data 9 Detailed Petrophysics Analysis of 30+ wells 9 Core and Cuttings Sampling from existing wells (600+ samples) 9 Detailed Core and Cuttings Analysis for six key wells 9 (e
Slide 10: Conventional NSAI Estimate
Moselle - Conventional NSAI Estimate For personal use only • Total of 19 conventional prospects and leads mapped Located within 4 main reservoir units in Triassic and Upper Carboniferous Section Mainly 4 way dip closed structural traps • Three multi-horizon prospect groups identified – each can be i
Slide 11: Conventional Forward Programme
Moselle – Conventional Forward Programme For personal use only • Prospects are considered ‘drill ready’ - Three wells could investigate +70% 70% of the Mean in-place in place oil/gas volume Drilling costs modest for onshore, relatively shallow targets • 2D seismic covers onlyy ~35% of the Permit - P
Slide 12: Unconventional NSAI Estimate
Moselle – Unconventional NSAI Estimate For personal use only • Significant total in-place undiscovered hydrocarbon estimate provided by NSAI – 164.7 BBbls of oil and 649.7 Tcf of gas (P50, unrisked) • Small quantities of gas have already been produced to surface from the Carboniferous Section from t
Slide 13: Unconventional: Analogous to Piceance Basin
Moselle – Unconventional Analogous to Piceance Basin For personal use only Reservoir Moselle Permit Piceance Basin Properties Paris Basin, France Colorado, USA Age Paleozoic (Carboniferous) (C f ) Mesozoic (Cretaceous) (C ) Deposition Fluvial and lacustrine Fluvial and lacustrine Source Interbedded
Slide 14: Unconventional Forward Programme
Moselle – Unconventional Forward Programme For personal use only • Likelihood of substantial liquids rich gas adds to the economics of the play • Additional data required to prove up unconventional play - Fluid types, net to gross, pressure, fracture orientation, rock mechanics etc • Cannot currentl
Slide 15: France Regulatory Position
France Regulatory Position For personal use only • July 2011 French Parliament passed law which now prohibits “hydraulic fracture stimulation st u at o oof wells e s following o o gd drilling” g • Legislation was strongly debated and only narrowly adopted • National Commission established to conside
Slide 16: Valuation: Comparable Transactions
Valuation Comparable Transactions For personal use only • A&D activity ongoing despite period of regulatory uncertainty in France Jul 2011 - ConocoPhillips into Realm Energy Paris Basin applications – $[undisclosed] Aug 2011 - Realm Energy takeover by San Leon - $140m Jul 2011 - Sterling Resources,
Slide 17: Investment Highlights
Moselle Investment Highlights For personal use only 9 Land holding is key - world scale acreage position 9 Largest g net acreage g position of anyy companyy in Paris Basin Acreage Position 9 100% ownership and operatorship - likely to be attractive to a major 9 Paris Basin has significant resource p
Slide 18: Gulf of Mexico - Shallow Shelf
Gulf of Mexico - Shallow Shelf For personal use only • High Island (HIA-268, 30% WI, non-operated) – In 2011 field produced 120mmscf of gas and 21,600 21 600 Bbls of oil – Currently producing at approx 60 Bbls/d condensate with minor amounts of gas (100% project) – Workover of both wells to enable p
Slide 19: UK - North Sea
UK - North Sea For personal use only • Tiger Prospect (Block 211/12b, 100% WI, Operator) Project (100%) Low ML High (MMBbls) (MMBbls) (MMBbls) – Licence term 4 yrs – ‘drill-or-drop’ drill-or-drop by Feb 2013 – Magnus sands play type located next to 1.5Bn Bbl+ STOIIP 47 180 278 Magnus field operated
Slide 20: Summary
Summary For personal use only France • All technical and commercial workscopes p complete, p , with compelling p g results • Netherland Sewell have provided independent in-place volumetric certification • Planning underway for drilling campaign and partner discussions ongoing GOM • Modest production
Slide 21: For personal use only
For personal use only www.elixirpetroleum.com Information contained in this presentation with respect to UK North Sea Projects and the Moselle Permit was compiled by Elixir and reviewed by Elixir’s Exploration Manager, Iain Knott, BSc, MSc, FGS, AAPG, who has had more than 25 years experience in the
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