Adx Energy Ltd · ASX:ADX
Adx Energy — 121 Oil & Gas Conference 2017, London
14 slides from Adx Energy's conference presentation, Oct 30, 2017
Slide 1: ADX Assets & Strategy: A Pivotal Period Ahead
121 OIL & GAS CONFERENCE 30 OCTOBER 2017, LONDON For personal use only ADX ASSETS & STRATEGY “A PIVOTAL PERIOD AHEAD” A European focused appraisal and development company By Ian Tchacos www.adxenergy.com 1
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by ADX Energy Ltd for the purpose of providing an activity update to interested For personal use only analysts/investors and shareholders. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any co
Slide 3: Corporate Overview
CORPORATE OVERVIEW A EUROPEAN FOCUSED APPRAISAL AND DEVELOPMENT COMPANY Assets Across Mediterranean and Capital Structure For personal use only Central Europe Operated Assets @ 100% Equity ASX Code ADX Material Contingent Resources Shares on Issue 1098 million • 200 million barrels 2C Total No o
Slide 4: Appraisal & Development Portfolio
APPRAISAL & DEVELOPMENT PORTFOLIO - OFFSHORE MEDITERRANEAN AND ONSHORE ROMANIA Carpinis Gas Plant Parta Gas ReDrill Nilde Development Concept Project For personal use only 33BCF 2C Potential close to infrastructure Nilde Oil Redevelopment 33 MMBBLS (2C) Contingent Resource Dougga Gas Condensate Proj
Slide 5: Portfolio & Corporate Development
PORTFOLIO & CORPORATE DEVELOPMENT KEY ASSET ATTRIBUTES: ASSET & CORPORATE DEVELOPMENT Nilde Oil Field (Offshore Sicily) For personal use only Oil field prematurely abandoned in the 80’s with 33mmbls 2C resource remaining Convert Large One well produced 10,000 bopd for 6 years Resource Base to
Slide 6: Commercialisation Strategy
COMMERCIALISATION STRATEGY “All assets have been generated organically and For personal use only defined in preparation for investment at an asset level ... a pivotal period Commercialise ahead“ Appraisal & Development Drilling Attract Funds • Transformational Break out step? • Funding options now u
Slide 7: Capability – Focus on Commercialisation
CAPABILITY – FOCUS ON COMMERCIALISATION ADX Board 4 Australia, 1 UK, 1 Europe For personal use only Geotechnical Subsurface GE Plan Europe HOT Engineering Engineering Europe 1 Australia* 2 Australia* Geology and Reservoir 3 Europe Petrophysics Characterization Project Drilling & Prod. Brian Chang Sp
Slide 8: Funding Options for Asset Development
FUNDING OPTIONS FOR ASSET DEVELOPMENT FUNDING SOURCES For personal use only ADX Energy Equity for Asset Definition Direct Equity (PE) Tunisian Italian Romanian Vendor Finance Subsidiary Subsidiary Subsidiary Farmin Product Off-takers Dougga Nilde Gas Parta Equipment Leases Oil Redevelop- Condensate
Slide 9: Nilde Oil Redevelopment – Way Forward
NILDE OIL REDEVELOPMENT – WAY FORWARD Findings from Recent Studies: • High-quality matrix and connected fracture system supports very high well productivities (20,000 bopd from 3 wells) For personal use only • Less than 10% recovery factor from interpreted thickest, highest quality “C-zone” section
Slide 10: Dougga Gas-Condensate Project – Way Forward
DOUGGA GAS-CONDENSATE PROJECT – WAY FORWARD Findings from Recent Studies: • 3D Seismic mapping indicates ~180m updip potential from Dougga1, with better quality reservoir prognosed and a large For personal use only gas and liquids contingent resource • High productivity, dual-porosity system based o
Slide 11: Parta Gas Redrill Project – Way Forward
PARTA GAS REDRILL PROJECT – WAY FORWARD Findings from Recent Studies: • Amromco renounced Iecea Mare Production Licence in 2016, and ADX acquired Amromco’s existing 3D dataset For personal use only 2 • 2 redrill opportunities in Parta license identified from existing discoveries in addition to the s
Slide 12: Corporate Growth Proposition
CORPORATE GROWTH PROPOSITION Portfolio Development • Immediate, short and long term growth opportunities For personal use only • Value accretion possible at every step • Increasing capital requirements offset by greater financial capacity Asset Definition and Funding • 100% equity has enabled rapid
Slide 13: Summary of Opportunity
SUMMARY OF OPPORTUNITY WHAT: A Large Appraisal and Development Resource For personal use only WHERE: Offshore Sicily Channel and Onshore Romania WHY: Portfolio ready for exploitation Nilde - a half-produced gem fortuitously recognised and re defined using historical data as well as modern geologic
Slide 14: 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 AUSTRALIA Tel: 61 8 9381 4266 Fax: 61 8 9381 4766 Website: www.adxenergy.com.au Email: admin@adxenergy.com.au ASX Code: ADX 14