Adx Energy Ltd · ASX:ADX
Adx Energy — Stockhead Investor Video Conference "Oil & Gas – Buying the bounce" (July 2020)
14 slides from Adx Energy's conference presentation, Jul 17, 2020
Slide 1: ASX Release: Stockhead Investor Video Conference
ADX Energy Ltd (ASX:ADX) ASX RELEASE 17 July 2020 Stockhead Investor Video Conference “Oil & Gas –Buying the bounce ” ADX Energy Ltd (ASX:ADX) is pleased to announce that the Company presented at the Stockhead video conference “Oil & Gas – Buying the bounce” The full video presentation from Executiv
Slide 2: ADX Energy Ltd – Investor Update
1 July 2020 ADX Energy Ltd – Investor Update A European focussed energy producer (ASX:ADX) 1
Slide 3: Disclaimer Statement (1)
DISCLAIMER STATEMENT (1) Important Notice This document has been prepared by ADX Energy Ltd for the purpose of providing information to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any
Slide 4: Disclaimer Statement (2)
DISCLAIMER STATEMENT (2) PRMS Reserves Classifications used in this Report Developed Reserves are quantities expected to be recovered from existing wells and facilities. Developed Producing Reserves are expected to be recovered from completion intervals that are open and producing at the time of the
Slide 5: Corporate Overview
CORPORATE OVERVIEW A European focussed energy producer (ASX:ADX) Financial information Directors Share price (22 June 2020) A$0.008 Ian Tchacos (Executive Chairman) Number of shares 1,711 m • Located Perth; petroleum engineer; production operations, Number of Options 255m commercial, corporate and m
Slide 6: Asset Overview
ASSET OVERVIEW Key Asset Attributes ➢ Production, development, appraisal and exploration assets onshore & offshore Europe. ➢ Pro - development jurisdictions, favourable fiscal terms, access to infrastructure & high energy pricing. Gaiselberg & Zistersdorf Oil Field (100% owned) Note 1 Vienna Basin,
Slide 7: Recent Highlights
RECENT HIGHLIGHTS A transformational period – first steps towards becoming a material European producer Purchase Zistersdorf Oil Field, Vienna Basin ▪ Purchased low decline 320 BOPD at 1 year cash flow ▪ ADX is now one of the only 3 operators in Austria ▪ Collaborative transaction enabling smooth op
Slide 8: Investment Overview
INVESTMENT OVERVIEW Focus on becoming a leading onshore European producer and explorer targeting rapid returns on investment and cashflow growth. STABLE PRODUCTION BASE Production Gaiselberg and Zistersdorf Fields, Austria ▪ Acquisition of 100% of the Zisterdorf and Gaiselberg fields from RAG Austri
Slide 9: Key Assets - Zistersdorf Field, Austria
KEY ASSETS - ZISTERSDORF FIELD, Austria ▪ 100% Equity purchased from RAG Austria AG (RAG) in December 2019 MAP OF AUSTRIAN OIL & GAS INFRASTRUCTURE ▪ Acquisition price @ EUR 2.2 per boe Zistersdof & of 2P reserve and circa 1x EBITDA Gaiselberg ▪ Low emission production from state of the art faciliti
Slide 10: Key Assets - Parta Appraisal Project, Romania
KEY ASSETS - PARTA APPRAISAL PROJECT, Romania IMIC-1 Well ▪ 49.2% operated interest READY FOR PRODUCTION TEST X SECTION SHOWING SUCCESSFULL ▪ Appraisal activities funded by IMIC-1 WELL & PLANNED IMIC-2 WELL Reabold Resources Plc PROVEN GAS TARGETS FROM 1600 TO 2200 METERS ▪ Exploration 3D seismic (1
Slide 11: Growth - Exploration & Appraisal, Upper Austria
GROWTH - EXPLORATION & APPRAISAL, Upper Austria FOCUS ON TWO AREAS PROVIDING A BALANCED OIL & GAS PORTFOLIO CLOSE TO INFRASTRUCTURE ▪ Exclusive rights to data for 5years, including 3D seismic with $100 million replacement value. ▪ Low risk appraisal and high impact exploration proximal to infrastruc
Slide 12: Summary of Strategic Objectives
SUMMARY OF STRATEGIC OBJECTIVES Hedging Strategy: Prudent protection of downside during period of oil price volatility through hedging part of Gaiselburg and Zistersdorf production at above US$ 50 per barrel (Brent). Gaiselberg & Zistersdorf fields: Build reserves and production through workovers an
Slide 13: 2020 Planned Activities
2020 Planned Activities ➢ Independent Reserves Review Results Reserves & Production Growth Zistersdorf Field ➢ Bottom up review with new 3D seismic data set Vienna Basin, Austria ➢ Pursue large undeveloped appraisal potential Well testing, 3D Seismic & Appraisal ➢ Test IMIC – 1 Well (with in a week!
Slide 14: Contact details
Executive Chairman: Ian Tchacos email: ian.tchacos@adxenergy.com.au Chief Executive: Paul Fink email: Paul.Fink@adx-energy.com Finance Manager and Company Secretary: Amanda Sparks email: amanda.sparks@adxenergy.com.au adx-energy.com 13
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