Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — Shareholder Meeting (November 2007)
26 slides from Elixir Energy's shareholder meeting presentation, Nov 30, 2007
Slide 1: 2007 Annual General Meeting
For personal use only 2007 Annual General Meeting Perth,, 30 November 2007
Slide 2: Disclaimer and Confidentiality
Disclaimer and Confidentiality y For personal use only This document has been prepared by Elixir Petroleum Limited (“Elixir”) for the purpose of providing a company and technical overview to shareholders. Any statements, opinions, projections, forecasts or other material contained in this document d
Slide 3: Elixir – Corporate Profile
Elixir – Corporate p Profile For personal use only • Elixir Petroleum is an international exploration and development company with a pan-Atlantic focus • Developing portfolio of diversified offshore oil and gas interests across the exploration, appraisal, development and production spectrum • Curren
Slide 4: Corporate Profile (cont'd)
Corporate p Profile (cont’d) For personal use only Board & Executive Management Issued Share Capital Jon Stewart Exchanges: ASX (Ticker:EXR) Chairman AIM (Ticker:ELP) Andrew Ross Managing Director Ordinary shares: 157.2m Merger Options: @0.01c 4.1m Iain Knott Fully diluted: 161.3m Exploration Direct
Slide 5: Recent Achievements
Recent Achievements For personal use only • Completion of merger with Gawler Resources Limited • Additional equity funding secured • Management team strengthened • High Island A268 in US GOM successfully drilled, developed and put on production • First sales receipts expected today • Interest e es i
Slide 6: Year Ahead – Existing Portfolio
Year Ahead – Existing g Portfolio For personal use only US Gulf of Mexico – shallow water • Production from High Island giving rise to cash flow growth • Phase 1 drilling at Pompano - success in the initial well would be immediately followed by Well 2 • Phase 2 drilling at Pompano of wells 3-6 would
Slide 7: Elixir's Business Plan
For personal use only ELIXIR’S BUSINESS PLAN 7
Slide 8: Elixir – Business Plan
Elixir – Business Plan For personal use only • Gulf of Mexico – – Shallow water (<200m), lower risk, 3D coverage, close to infrastructure, early production opportunities opportunities, non non-operated operated interests – Currently prospect taker, seeking near term drill opportunities - develop pro
Slide 9: Elixir – Business Plan (cont'd)
Elixir – Business Plan (cont’d) For personal use only Asset Life Cycle Europe Gulf of Mexico New New Jaguar High Panther Leopard Pompano Island Exploration Discovery Appraisal Development Production Abandonment • GOM developments are relatively low risk, but have short producing life spans • This mo
Slide 10: Gulf of Mexico Portfolio
For personal use only GULF OF MEXICO PORTFOLIO
Slide 11: Gulf of Mexico Projects
Gulf of Mexico Projects j For personal use only Pompano High Island Development Development (Block 446L) (Block A-268) N 11
Slide 12: High Island Development
High g Island Development p For personal use only • Oil and gas development located 65kms offshore Texas Gulf Coast in 51m water depth (GRL 30% WI) • Field Fi ld development d l consists i off two wells, ll pipeline i li and d unmanned d production d i platform • Completed on schedule and on budget
Slide 13: Pompano Development
Pompano p Development p For personal use only • Gas project located offshore Texas Gulf Coast (GRL 25% WI) in 18m of water • Pompano P fifield ld produced d d 120 BCF (1966 – 2003) on 2D seismic • Existing platform, flowlines, caissons and sales gas pipeline to shore • Newly re-interpreted 3D seismi
Slide 14: North Sea Portfolio
For personal use only NORTH SEA PORTFOLIO
Slide 15: Northern North Sea
Northern North Sea For personal use only Elixir Petroleum Interests 211/8b Northern North Sea 211/22b 40% 211/18b (operator) 56% 211/8b (operator) 80% 211/18b NNS 211/22b
Slide 16: Northern North Sea - A Core Focus Area
Northern North Sea - A Core Focus Area For personal use only • Block 211/18b (Leopard) – – Tied-in to Norwegian Borg analogue with 2006 long offset seismic lines – Prospect partially farmed-out (RWE 30%) – Traditional licence to 2011 – Well expected to be drilled in Q3, 2008 – Resource potential of
Slide 17: Block 211/18b - Leopard Prospect
Block oc 211/18b / 8b - Leopard eopa d Prospect ospect For personal use only • Primary play stratigraphic synrift Upper Jurassic sands • Large sand volumes eroded from Thistle area high • Secondary play Heather formation A and structural Brent highs • De-risking with state of the art technology Dept
Slide 18: Seismic Inversion for Porosity Prediction
Seismic Inversion for Porosity y Prediction For personal use only W E • Targeting Upper Jurassic sands below Base Cretaceous unconformity • Good indicative porosity on attribute analysis
Slide 19: Leopard De-Risking with NSR Seismic
Leopard p De-Risking g with NSR Seismic For personal use only • 100km long offset 2D seismic acquired q by y TGS- NOPEC in August 2006 Leopard Prospect • Objective to link Leopard g with Norwegian analogue g Borg oil field • Seismic also tied back to the Jaguar g well – useful control point in the r
Slide 20: Central North Sea
Central North Sea For personal use only Elixir Petroleum Interests Central North Sea 15/13b 13/25 25% 15/13b 13.1% 21/4b 7% 21/16b ((operator) t ) 40% 21/4b 13/25 CNS 21/16b
Slide 21: Block 21/16b Location Map
Block 21/16b / Location Map p For personal use only • New 24th Round promote licence in north west Central Graben area • Close to existing fields and infrastructure • Joint venture interests: – Elixir (operator) 40% – DNO 40% – Sosina Exploration 20% • Key risks are migration and reservoir quality •
Slide 22: Block 21/16b – Fulmar Sands Play
Block 21/16b / – Fulmar Sands Play y For personal use only Prospect F1 • Upper Jurassic Fulmar sands draped over Zechstein salt highs Prospect F2 Prospect F1 • Four prospects mapped with mean total reserves potential over 70mmbbls • Farm out activities for this licence are commencing
Slide 23: Southern North Sea
For personal use only Southern North Sea
Slide 24: Summary & Conclusion
For personal use only SUMMARY & CONCLUSION
Slide 25: Summary
Summary y For personal use only • Growth from factors within our control – - Prospect generation - Sourcing attractive 3rd party generated opportunities - Drilling operation success - Financial capacity to participate in new opportunities • Elixir has existing production, scheduled drilling activity
Slide 26: For personal use only
For personal use only www.elixirpetroleum.com
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