Xstate Resources Limited · ASX:XST
Xstate Resources — Investor Presentation (July 2011)
19 slides from Xstate Resources's investor presentation, Jul 6, 2011
Slide 1: ASX Limited Electronic Lodgement - Investor Presentation
ABN N 96 009 217 154 For personal use only 6 July 20010 ASX Lim mited Eleectronic lod dgement Invest or Presen ntation Please fiind attached d the latest In nvestor Preseentation for XState Reso ources Limiteed. For and d on behalf of the Board. 208 2 B ag o t R Ro ad , Su bi a co WA 6 00 8 T e l +
Slide 2: Xstate Resources Limited Investor Presentation July 2011
For personal use only Xstate Resources Limited Investor Presentation July 2011
Slide 3: Xstate in Tunisia / Italy and EU
Xstate in Tunisia / Italy Italy and EU For personal use only - Linked to Europe • Oil: Transmed Gas Pipelines Proved Reserves: 425 mmbbl Production approx. 91,000 bopd Consumption: approx. 89,000 bopd • Natural gas: Proved Reserves: 2.3 tcf Production: approx. 287 mmscf/d Consumption: ap
Slide 4: Xstate… A Highly Leveraged Opportunity
Xstate… A Highly Leveraged Opportunity For personal use only Board and Management Xstate Capital Structure David Whitby Non-Executive Chairman Shares on issue (ASX: XST) 77.5 million Gary Jeffery Managing Director Listed Options (ASX:XSTO) 48.4 million Ross Kestel Non-Executive Director Debt Nil Jam
Slide 5: Managing Director's View on Xstate Value
Managing Director’s View on Xstate Value… For personal use only “Xstate is striving to become a significant oil and gas producer utilising existing infrastructure to access the energy hungry, high priced European markets through prudent exploration of the Company’s extensive prospects and leads inve
Slide 6: Sidi Dhaher… High impact well
Sidi Dhaher… High impact well For personal use only KEY FACTS: • Xstate interest: 10% • Location: Onshore, Chorbane acreage • Description: Oil prospect with gas cap • Covered by 2D seismic • High chance of success (~1 in 3) On trend with multiple oil and gas discoveries 6 Potential Reservoirs for
Slide 7: What makes Sidi Dhaher attractive?
What makes Sidi Dhaher attractive? For personal use only Simple Structure Sidi Daher Prospect at Top Metlaouie ~ 10 km Sidi Daher Prospect Flat Event- possible Direct Hydrocarbon Interpreted higher Indicator (DHI) porosity reservoir trend (yellow)
Slide 8: More Sidi Daher Prospectivity Indicators
7 More Sidi Daher “Prospectivity Indicators” For personal use only Sidi Dhaher prospect (Structural Closure over 70 km2 on a regional high with encouraging coincident prospectivity indicators; and 6 potential stacked reservoirs) Most likely closure at HCI level Flat spot (HCI) on seismic Surface Geo
Slide 9: Why Invest in Xstate?
Why Invest in Xstate? For personal use only • Quality assets in a proven hydrocarbon basin • Access to the high priced, gas hungry European Markets • Ready to drill 300+ million barrel target at Sidi Dhaher provides exciting leverage: ▫ For example: Net risked Xstate share of Prospective Resource of
Slide 10: Chorbane Acreage - Underlying Value
For personal use only Chorbane Acreage- Underlying Value To Sidi El Kilani oil field (25km) KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (40%, Operator), Gulfsands (40%), Verus Investments (10%) • Area: 2,428 sq km • Onshore, covered by 2D seismic Sidi Dhaher • 7 prospects and leads
Slide 11: Kerkouane and Pantelleria Value
For personal use only Kerkouane and Pantelleria Value KEY FACTS: Kerkouane • Xstate interest: 10%(1) • Participants: ADX Energy (Operator), Gulfsands, Carnavale, PharmAust • Area: approx. 3,725 sq km • Offshore, 50-1,000m water depth, covered by 2D and 3D seismic Lambouka • Multiple gas-condensate d
Slide 12: Xstate Value Curve - Multiple projects
XState Value Curve- Multiple projects For personal use only Exploration Appraisal/Development Production Dougga Sidi Dhaher Prospects & Kerkouane Leads Inventory East Chaal Lambouka Xstate’s Asset Depth: discoveries, prospects and leads spread along the value curve…
Slide 13: Forward Plan
For personal use only Forward Plan… Short Term (<6 months) • Drill Sidi Dhaher – 300+ million barrels oil potential • Development of any discovery at Sidi Dhaher • Dougga conceptual development studies and related reviews • Seek, Review and Acquire other drilling opportunities Medium Term (6-18 mont
Slide 14: Disclaimer, Risks, Competent Person Statement
For personal use only Disclaimer, Risks, Competent Person Statement This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be effe
Slide 15: Supplementary Information
Supplementary Invormation
Slide 16: Dougga… Appraising the Shell discovery
Dougga… Appraising the Shell discovery For personal use only KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (60%, Operator), Gulfsands (40%) • Location: Offshore, Kerkouane acreage • Description: Gas-condensate discovery • Covered by 2D and 3D seismic • Dougga discovered by Shell in 19
Slide 17: Prospects and Leads Inventory
For personal use only Prospects and Leads Inventory… 350 Contingent Resources Gas 300 Oil/Condensate 250 Resource* (million boe) Over 17 multi-reservoir prospects 200 >1,000 million boe total gross, unrisked, potential resource 150 100 50 0 * Gross Mean Unrisked Resource, ISIS Petroleum Consultants
Slide 18: Why the Pelagian Basin?
For personal use only Why the Pelagian Basin? • Hydrocarbon Source Numerous existing discoveries prove prolific source kitchens Surface and subsurface direct hydrocarbon indicators detected (geochemical and seismic) • Structure Multiple structures mapped on 2D and 3D seismic across a wide area
Slide 19: Led by Petroleum Industry Veterans
For personal use only Led by Petroleum Industry Veterans… David Whitby, Chairman Gary Jeffery, Managing Director • Graduate of Royal Military • Over 38 years worldwide College, Canada • Developed Varanus Gas Hub • Over 30 years international • Acquired Greater Gorgon experience acreage while Explora