Adx Energy Ltd · ASX:ADX
Adx Energy — Resources Roadhouse Investment Afternoon (July 2021)
24 slides from Adx Energy's conference presentation, Jul 21, 2021
Slide 1: A transformational, European focussed energy company
ADX Energy Ltd – Investor Presentation Resources Roadhouse Investment Afternoon Perth 21 July 2021 A transformational, European focussed energy company (ASX:ADX) 1
Slide 2: 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 3: 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 4: Corporate Overview
CORPORATE OVERVIEW A transformational, European focussed energy company (ASX:ADX) Financial information Directors Share price (19 July 2021) A$0.008 Ian Tchacos (Executive Chairman) • Located Perth; petroleum engineer; production operations, Number of shares 2,654 m Number of Options 211 m commercia
Slide 5: Strategic Focus
STRATEGIC FOCUS Focussed on becoming a leading European energy producer and the provider of energy solutions for a low carbon society ADX is a rapidly growing European producer and explorer focusing on projects in Austria, Romania and Italy We produce safe, low greenhouse gas emission energy now to
Slide 6: Asset Summary
ASSET SUMMARY Production, exploration and renewable energy assets Gaiselberg & Zistersdorf Oil Fields (Operated, 100% equity) Vienna Basin, Austria Stable, efficient, long-lived production Hydrogen (H2) production & storage project Iecea Mare Production License & Parta Exploration license (Opera
Slide 7: Austria Is a Rare Break Through Opportunity
AUSTRIA IS A RARE BREAK THROUGH OPPORTUNITY ADX Vienna Basin ASSET POSITION Production 100% equity in oil production asset in Vienna Basin H2 production & storage project 100% equity in appraisal and exploration acreage in Upper Austria Geothermal pilot project Assets managed and operated
Slide 8: Summary of Recent Highlights
SUMMARY OF RECENT HIGHLIGHTS Production 66% Increase 35% Increase in hedged oil and gas oil price production position for quarter Exploration New licenses in the Molasse Basin Upper Upper Preparation Austria Austria for drilling exploration first Low emission, long life production in the Vienna awar
Slide 9: Zistersdorf Fields (Vienna Basin) - Asset Summary
ZISTERSDORF FIELDS (Vienna Basin) - Asset Summary 100% equity purchased from RAG Well work over operations Austria AG (RAG) in December 2019 Low decline long lived production Current production rate of 320 BOEPD Low emission production from state of the art facilities Photograph showing ADX Ga
Slide 10: Growth Strategy
Growth Strategy Utilising our existing assets and skills to transform our business into zero carbon energy production and emission reduction technology business » Redeploying subsurface reservoirs for safe, cost effective energy storage or green energy production Green Hydrogen Storage » Utilising o
Slide 11: Vienna Basin Green Hydrogen Project
VIENNA BASIN GREEN HYDROGEN PROJECT A potential lighthouse project in the European energy market with compelling attributes Developing partnerships for the production and storage of 1 hydrogen (H2) using depleted ADX gas reservoirs in the Vienna basin Offering substantial storage capacity for renewa
Slide 12: A Unique Opportunity for Green H2 Production
A UNIQUE OPPORTUNITY FOR GREEN H2 PRODUCTION Great Fundamentals » Oversupply of green power in summer to generate H2 » Store produced H2 in depleted ADX reservoirs » Low cost and high quality water feedstock for H2 electrolysis » Sell H2 in winter at premium pricing » Store and sell O2 into local ma
Slide 13: Vision for Green H2 Production & Storage
VISION FOR GREEN H2 PRODUCTION & STORAGE Opportunity to build a substantial, profitable & green H2 ecosystem for the energy sector at our Gaiselberg and Zistersdorf Fields 2030 Full ecosystem developed 2025-26 Small ecosystem 2023-24 Pilot project in operation Today, 2021 Initiation 100 MW » Integra
Slide 14: H2 Project Structure
H2 PROJECT STRUCTURE Phase 1 – Pilot Project to ADX position in the H2 value chain Phase 2 – Upscaling to Commercial Project when H2 infrastructure becomes available Pilot Project (1 MW) >> Phase 2 Upscaling (30 MW +) Energy H2 Processing Storage Transport and Use Production Production Partner Partn
Slide 15: Large Scale Profitable Energy Storage
LARGE SCALE PROFITABLE ENERGY STORAGE Illustrative Comparisons AREA ENERGY COST The subsurface hydrogen storage ADX can store in one large hydrogen It costs Tesla approx. € 150 Million to build reservoir (“sponge”) is approx. 20 underground reservoir approx. 500 their “giant” 200 MWh battery storage
Slide 16: Geothermal Pilot Project
GEOTHERMAL PILOT PROJECT A ground breaking Pilot Project with Siemens Energy and RED Drilling to evaluate a highly efficient new geothermal power generation technology. Project execution ADX responsible for all licensing, geological analysis, planning, subsurface engineering and execution Siemen
Slide 17: Molasse Basin (Upper Austria) – Exploration Summary
MOLASSE BASIN (Upper Austria) – Exploration Summary Source: RED Extensive 3D Seismic Data Base Predictable licensing system and operational access Excellent oil and gas infrastructure Access Strong community support “Drill ready prospect portfolio with infrastructure access, ministry and community s
Slide 18: Upper Austria – Exploration Overview
UPPER AUSTRIA – EXPLORATION OVERVIEW Agreements for 2 exploration, Map of ADX licenses and infrastructure production and gas storage concessions (AGS) in Upper Austria New oil discoveries can be signed on 08 January 2021, 4 x 4 years directly tied into existing period, highly efficient licensing sys
Slide 19: Upper Austria – Historical Success Rate
UPPER AUSTRIA – HISTORICAL SUCCESS RATE Recent exploration success rate utilising 3D seismic is 48% Large oil fields discovered No Oil Drilling on 3D.… to be continued by ADX + Partner on 2D seismic & gravity Exploration Source: RAG (REP) Despite a strong focus on gas and the recent (ca. 2017) RAG
Slide 20: Upper Austria - Drill Ready & 3D Seismic Matured
UPPER AUSTRIA - DRILL READY & 3D SEISMIC MATURED Gas Oil 5.8 mmboe average prospect size Top 10 Matured Ready to Drill Prospects* * Note: appraisal portfolio not shown here 58 mmboe Best Note Excellent reservoir Balanced oil & Average prospect Technical Resources productivity (~1000 bopd); gas mix w
Slide 21: Upper Austria – Drill Ready Portfolio
UPPER AUSTRIA – Drill Ready Portfolio Two stand out prospects with follow up opportunities mapped on 3D seismic Best Technical Exploration well TD PROSPECT NAME fluid Map Name Recoverable Well Cost [m TVD] [mmboe] [MM Euro] Σ HIGH IMPACT EXPLORATION OHO gas (oil) OHO 20,4 4 365 6,6 ZELL AM MOOS gas
Slide 22: Upper Austria – Drill Ready Prospects
UPPER AUSTRIA – Drill Ready Prospects Two stand out prospects with follow up opportunities mapped on 3D seismic ADX AT-I prospects and leads, fields and pipelines including OHO OHO OHO 20.4 MMBOE A large play opening prospect ADX AT-II prospects and leads, fields and pipelines including Anshof ANSHO
Slide 23: Next Steps for Austrian Expansion
NEXT STEPS FOR AUSTRIAN EXPANSION Gaiselberg & Zistersdorf Production Vienna Basin Production Enhance production, reserves and cash flow Reserves review results Upper Austria Exploration Anshof prospect drilling preparations underway Gaiselberg and Zistersdorf infrastructure and large Expand acreage
Slide 24: For more information on our company contact
For more information on our company contact Executive Chairman: Ian Tchacos ian.tchacos@adxenergy.com.au Chief Executive: Paul Fink Paul.Fink@adx-energy.com Finance Manager and Company Secretary: Amanda Sparks amanda.sparks@adxenergy.com.au adxenergy.com.au 24
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