Elixir Energy Limited · ASX:EXR
Elixir Energy — Shareholder Meeting (November 2010)
15 slides from Elixir Energy's shareholder meeting presentation, Nov 23, 2010
Slide 1: Annual General Meeting
Annual General Meeting For personal use only 23 November 2010 Andrew Ross Managing Director (ASX:EXR)
Slide 2: Overview
For personal use only Overview • Elixir is an international E&P company with a diversified portfolio of interests across the exploration, appraisal, development and production spectrum • Current geographic areas of activity include: ► Development and Production from the shallow shelf Gulf of Mexico
Slide 3: Corporate Profile
For personal use only Corporate Profile Capital Structure Trading Performance Exchange ASX:EXR Share Trading Range (prior 12 months) $0.04 – $0.12 Ordinary Shares 188.9m Current Share Price $0.083 Unlisted Options 7.8m Market Capitalisation $15.7m No of Shareholders ~ 1,450 Avg Trading Volume (per d
Slide 4: Operational Profile
For personal use only Operational Profile Head Office Regional Office Local Reps UK North Sea – Exploration & Appraisal Gulf of Mexico – Onshore France Production – Exploration Geographic and Lifecycle Diversification 4
Slide 5: Moselle - Overview
For personal use only Moselle - Overview Location Onshore, NE France Ownership 100% Term 5 years Expiry Feb 2014 European Gas Extensions Yes, 5 years Lundin & GDF Area 5,360 km2 Vermillion 1,340,000 acres 2D Seismic ~2,500km Gali Coz & Tethys Oil Wells on Block 24 Oil and/or gas show 46% Prospectivi
Slide 6: Moselle – Technical Workscopes
For personal use only Moselle – Technical Workscopes Activity Status Acquisition and Digitising Well Logs 9 Petrophysics Analysis 9 Core Sampling 9 Core and Cuttings Analysis 9 (XRD, TOC, VR, Rock Eval, Hg Capillary Pressures etc.) Acquire and Integrate IFP GeoChem Data 9 Basin History Modeling 9 Hy
Slide 7: Paris Basin Transaction
For personal use only Paris Basin Transaction • In May 2010 Hess Corp farmed into 50% of Toreador’s oil shale permits in Paris Basin • Toreador hold 680,000 awarded acres (360,000 acres pending award) • Consideration paid by Hess to Toreador of up to US$265m • Spudding first well in six well program
Slide 8: Unconventional Resources in Europe
For personal use only Unconventional Resources in Europe • The Majors and Independents are back in Europe pursuing unconventional resources Name Target Country ExxonMobil Tight and shale gas Germany and Poland OMV Shale Gas Austria ConocoPhillips Shale Gas Poland Royal Dutch Shell Tight Gas, Shale O
Slide 9: Moselle - Summary
For personal use only Moselle - Summary Asset Market Risks 9 Operatorship and 100% 9 Low sovereign risk, stable, ? Geology of unconventional not ownership supportive government yet well understood 9 Very large acreage position 9 Large existing domestic gas ? Total potential resources in market Europ
Slide 10: Gulf of Mexico - Shallow Shelf
For personal use only Gulf of Mexico - Shallow Shelf • High Island (HIA-268, 30% WI, non-operated) – Gas and condensate discovery in Feb 07 - two wells on production since Sep 07 – Total cumulative production to date 3.9 Bcf and 140,000 Bbls – Field producing at approx 100 Bbls/d condensate and mino
Slide 11: UK - Northern North Sea
For personal use only UK - Northern North Sea • Tiger Prospect (Block 211/12b, 100% WI, Operator) Project (100%) Low ML High (MMBbls) (MMBbls) (MMBbls) – Licence term 4 yrs – ‘drill-or-drop’ by 2012 – Magnus sands play type located next to 1.5Bn Bbl+ STOIIP 47 180 278 Magnus field operated by BP Rec
Slide 12: UK – Central North Sea
For personal use only UK – Central North Sea • Dumas Prospects (Block 30-25, 100% WI, Operator) – Block awarded in October 2010 on 2 year licence, ‘drill-or-drop’ basis – Three prospects identified on block • Two Upper Cretaceous resedimented chalk targets analogous to, and on trend with, Fife and F
Slide 13: Summary
For personal use only Summary France • All technical workscopes nearing completion – promising results • Netherland Sewell retained to provide independent resource certification • Resource estimate expected to be published mid-Q1, 2011 • Marketing of Moselle for farmout thereafter • Considering new
Slide 14: Competent person statements and website
For personal use only www.elixirpetroleum.com Information contained in this presentation with respect to the High Island and Pompano Projects, was compiled by Elixir or from material provided by the project operators and reviewed by Elixir’s Operations Manager, Ian Lusted, BSc (Hons),SPE , who has h
Slide 15: Important Notice and Disclaimer
For personal use only Important Notice and Disclaimer This document has been prepared by Elixir Petroleum Limited (ABN 51 108 230 995) (“Elixir”) in connection with providing an overview of its business to interested analysts/investors. This presentation is being provided for the sole purpose of pro