Australis Oil & Gas Ltd. · ASX:ATS
Australis Oil & Gas — Euroz Hartleys Energy Snapshot Conference 2021
18 slides from Australis Oil & Gas's conference presentation, Nov 4, 2021
Slide 1: ASX Announcement: Company Presentation Material
For Immediate Release ASX Announcement 4 November 2021 For personal use only Company Presentation Material Please find attached to this document a copy of the presentation that will be presented by Australis Oil & Gas Limited today at Euroz Hartleys Energy Snapshot Conference. This ASX announcement
Slide 2: Euroz Hartleys Energy Snapshot Conference
For personal use only ASX: ATS Euroz Hartleys Energy Snapshot Conference 4 November 2021
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Australis Oil & Gas Limited ABN 34 609 262 937 (ASX: ATS) (Australis). For personal use only Summary of information: This presentation contains general and background information about Australis’ activities current as at the date
Slide 4: TMS Core – Opportunity Summary
TMS Core – Opportunity Summary ✓ Proven productivity ✓ Large position For personal use only ✓ Strong base-case well economics with significant upside 1 Unique Strategic ✓ Infrastructure, commodity pricing, field rules, supportive regulator and local Opportunity authorities make play attractive ✓ Acc
Slide 5: Evolution of the US Shale Industry
Evolution of the US Shale Industry US unconventional oil production growth has steadied as unconventional industry matures Oil Production declining in key US For personal use only shale fields other than the Permian which is driving gentle overall growth ▪ US oil production grew rapidly to over 14 m
Slide 6: US shale industry recent drivers and Australis strategy
US shale industry recent drivers and Australis strategy US unconventional growth has steadied as unconventional industry matures For personal use only ▪ Rig count remains low (from YE19: 40% down in Permian, 55% in Eagle Ford and 66% in Bakken). ▪ Companies have been consuming Drilled Uncompleted we
Slide 7: TMS Core – Path to Development & Partnering
TMS Core – Path to Development & Partnering ✓ Reduction in execution risk through the application of technology and For personal use only accumulated knowledge ✓ Data from over $1B in capex in TMS including: • Over 6-year production history 1 Execution De-risked • Considerable technical data • ATS t
Slide 8: Tuscaloosa Marine Shale
Tuscaloosa Marine Shale Production history of 91 horizontal industry wells drilled from 2010 to 2019 have delineated the TMS Core For personal use only • Largest land holder with ~100,000 contiguous net acres – corresponds to ~ 400 net new well locations • Largest production operator with 33 produci
Slide 9: Significant Oil Reserve and Resource in TMS Core
Significant Oil Reserve and Resource in TMS Core Significant scale - ~400 net well locations on existing acreage based on 250 acre well spacing Australis TMS Reserves1 (only 10,400 net acres (~10%) assessed For personal use only ▪ Net recoverable oil independently assessed as for development) at 31
Slide 10: Strong Single Well Economics in TMS Core
Strong Single Well Economics in TMS Core ▪ Tier 1 oil well productivity in the TMS Core Comparison of Ryder Scott estimates to historical well performance For personal use only − Ryder Scott generate three Type Curves for reserve categories. − Historical performance of 2014 ATS TMS wells between mid
Slide 11: Clear path to substantial reduction in well costs
Clear path to substantial reduction in well costs Reduced well costs from execution efficiencies and refinement will drive further improvements in economics For personal use only Starting point of $10.85M - Average well cost for 2018 Current Base case Australis-drilled AFE $9.0m - target Short term
Slide 12: Future single well economics - sensitivities
Future single well economics - sensitivities Impact of reduced well costs and variable oil price in FFD mode (assumes no improvements to historical well production performance) For personal use only Short term Medium Medium Short term Medium Medium Base AFE Base AFE target term target term target ta
Slide 13: Example Development Scenarios
Example Development Scenarios Field production growth5 will be dramatic with even modest development cases For personal use only ▪ Chart shows field production with a single rig program (blue) and a 5 rig program (green), the latter ramping up the rig count to 5 over 18 months. ▪ At the end of a 10
Slide 14: Summary
Summary Experienced team and sound strategy will ultimately drive shareholder returns. For personal use only TMS Asset Quality Strategic Advantages of TMS ▪ Not guess work! ▪ Large resource of oil Comparable productivity to best areas in ▪ Proximity to infrastructure the USA. Long production history
Slide 15: Appendix
For personal use only Appendix 14
Slide 16: Conservative Base Case Economics
Conservative Base Case Economics Assumes completed lateral length of 7,200 ft only, production and opex assumptions are based on history and the capex costs are current estimates (slide 8) For personal use only Base Case Assumptions* Production Forecast EUR (30 Years) 30,000 700,000 Gas 0.16 Bcf 600
Slide 17: Footnotes
Footnotes For personal use only 1. All estimates and risk factors taken from Ryder Scott, report prepared as at 31 December 2020 and generated for the Australis concessions to SPE standards. See ASX announcement released on 5 February 2021 titled “Reserves and Resources Update Year End 2020”. Austra
Slide 18: Glossary
Glossary Unit Measure Unit Measure B Prefix - Billions bbl Barrel of oil MM or mm Prefix - Millions boe Barrel of oil equivalent (1bbl = 6 mscf) For personal use only M or m Prefix - Thousands scf Standard cubic foot of gas /d Suffix - per day Bcf Billion standard cubic foot of gas Abbreviation Desc
Australis Oil & Gas — Euroz Hartleys Energy Snapshot Conference 2021 on 6ix