Axp Energy Limited · ASX:AXP
Axp Energy — Corporate Update (May 2022)
11 slides from Axp Energy's corporate update, May 18, 2022
Slide 1: Shareholder Update Webinar
SHAREHOLDER UPDATE WEBINAR 18 MAY 2022
Slide 2: Disclaimer
DISCLAIMER This presentation and any materials provided to the reader (“the Materials”) have been prepared by AXP Energy Limited (“AXP” or “Company”) and contain general information about AXP’s activities. By accepting the Materials you agree to be bound by the terms and conditions below. The Materi
Slide 3: Summary of the Quarter
SUMMARY OF THE QUARTER QUARTERLY NET REVENUE – BY HYDROCARBON HIGHLIGHTS $5,000,000 • Quarterly Net Revenue $4,961,817 (prior quarter $4,580,652) – An 8.5% increase; $4,500,000 • Net Customer Receipts $4,403,000 (prior quarter $4,000,000 $4,617,874) – A 4.65% decrease; $3,500,000 • Gross production
Slide 4: AXP's Appalachian Basin Leases (East Kentucky)
AXP’S APPALACHIAN BASIN LEASES (EAST KENTUCKY) | 4
Slide 5: Appalachian Basin Gas Sales Channels (East Kentucky)
APPALACHIAN BASIN GAS SALES CHANNELS (EAST KENTUCKY) Offtaker Field No. Wells % Gross Prodn. A Amvest 97 Leatherwood 333 Fonde 62 74% Rose Hill 19 Martin's Fork 127 Straight Creek 195 833 B Arch 20 C Kay Jay East (70%) 164 D Fount 9 E Mills Creek/Skinner 11 22% F Kay Jay West (30%) 70 Golden's Creek
Slide 6: AXP's Illinois Basin Leases (West Kentucky, Illinois & Indiana)
AXP’S ILLINOIS BASIN LEASES (WEST KENTUCKY, ILLINOIS & INDIANA) | 6
Slide 7: Illinois Basin Sales Channels (West KY, Illinois & Indiana)
ILLINOIS BASIN SALES CHANNELS (WEST KY, ILLINOIS & INDIANA) Offtaker Field No. Wells % Gross Prodn. % Oil Prodn. Grayville West 7 Hovey Lake 5 Martin 10 Mount Carmel 51 Henderson 11 Hanson 37 Poole 5 H Blue 2 0% 25% Sebree 4 Niagara 33 Finley-Kahlow 1 Richland 12 Flat Creek 16 Drakesboro 2 Pond Rive
Slide 8: Oil Inventory Selldown
OIL INVENTORY SELLDOWN OIL IN TANK Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22* Appalachian Basin BBL 18,296 14,068 13,211 11,377 9,907 Illinois Basin BBL 2,506 3,264 2,995 4,753 3,984 DJ Basin BBL 1,544 1,186 1,556 1,585 1,553 TOTAL BBL 22,346 18,518 17,762 17,715 15,445 * As at 10 May, 2022 | 8
Slide 9: Strongly Positioned for Improved Performance Driven By
STRONGLY POSITIONED FOR IMPROVED PERFORMANCE DRIVEN BY: OPERATIONAL • Working with midstream partner on downstream issues. Weekly engagements, tracking key metrics, partner’s management deeply engaged • 2 DUCS – Completed February. Will be reporting results shortly. A further 7 earmarked for immedia
Slide 10: Acquire Enhance Produce
AXP ENERGY LIMITED ACQUIRE ENHANCE PRODUCE LOW-COST, LOW COST, LOW-COST RIGOROUS FIELD OPPORTUNISTIC EE & WELL OPPORTUNISTIC WORKOVERS E DEVELOPMENT ACQUISITIONS ENHANCEMENT ACQISITIONS PLANNING • Neglected assets • Extreme cost discipline • Optimized & efficient and CAPEX gating production • Buildi
Slide 11: Thank You
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