Elixir Energy Limited · ASX:EXR
Elixir Energy — Shareholder Meeting (November 2017)
18 slides from Elixir Energy's shareholder meeting presentation, Nov 30, 2017
Slide 1: Elixir 2017 Annual General Meeting
Elixir 2017 Annual General Meeting For personal use only Mongolian CBM Acquisition update (ASX:EXR) November 2017
Slide 2: Investment Highlights
Investment Highlights For personal use only Golden Horde Ltd (GOH) was established in 2011 as a pure play Mongolian CBM gas (coal- bed methane – CSG in Australia) exploration venture GOH has advised Elixir that it anticipates an award of a PSC (with >40 year tenure) in Q1 2018, after which the e
Slide 3: Transaction milestones progressing
Transaction milestones progressing For personal use only Deadline now passed for superior offer for GOH providing Elixir with exclusivity to acquire all of the shares of GOH on or before 30 September 2018 GOH Managing Director recently visited Ulaanbaatar to progress discussions with the Mongoli
Slide 4: Project Area Key Facts
Project Area Key Facts For personal use only Large 7 million acre project area – 100% ownership World class producing thermal coal deposits within project area in South Gobi coal basin Close to border of world’s 3rd largest gas user in Northern China Will be first unconventional hydrocarbon
Slide 5: Project Area Key Facts (cont.)
Project Area Key Facts (cont.) For personal use only World class producing thermal coal deposits within project area (South Gobi basin) Large 7 million acre project area – 100% ownership China/Mongolia Southern Border Technical studies indicate South Gobi Basin most prospective basin in Mongolia f
Slide 6: Key Technical Components for CBM
Key Technical Components for CBM For personal use only Properties Bowen Basin Block IX Comments (Queensland) (South Gobi Basin) World class seam thickness – Seam Maximum single seam > 55m found in multiple thickness thickness 30m occurrences very high GIP per acre 7-14 m3/tonne in most Up to 15 m3
Slide 7: CBM Potential in Mongolia
CBM Potential in Mongolia For personal use only Mongolia has all the elements in place to support the development of a CBM industry • Mongolia is endowed with enormous coal resources Geology • The rank and quality of these coals is considered suitable for CBM • Extensive coal resources within the ex
Slide 8: GOH's road to a CBM PSC
GOH’s road to a CBM PSC For personal use only GOH executed a CBM Prospecting Contract with the Petroleum Authority of Mongolia (PAM) in January 2016 Work under that Contract was finalised in 2016: Data gathering and field prospecting – summarised in a formal Prospecting Report delivered to the
Slide 9: Project Milestones
Project Milestones EXR to commence exploration activity pre PSC award date For personal use only Completed Forward Programme Award of PSC Initial Sign Capital Shareholder Technical Prospective Initial Drilling and Settlement Terms Raise Approval Studies Resource Programme of Acquisition Sheet ($1.6M
Slide 10: Work Programme and Budget – the next years
Work Programme and Budget – the next 2 years For personal use only Year one Year two Use of funds: (2018) (2019) Working Capital 750,000 750,000 Annual Permit costs 326,667 326,667 Signature Bonus 66,667 - Prospective Resource Studies 50,000 50,000 G&G Studies 150,000 150,000 2018 Drilling (2 wells)
Slide 11: Pro Forma Capital Structure
Elixir Petroleum Limited (ASX:EXR) Pro Forma Capital Structure For personal use only Pre Acquisition Post Acquisition Current (million) Current (million) Ordinary Shares (ASX:EXR) 221.4 Ordinary Shares (ASX:EXR) 300.4 Unlisted Options (ex 4.0 – 4.5 cents) 11.0 Unlisted Options (ex 4.0 – 4.5 cents) 1
Slide 12: Summary
Summary Modest initial investment with long activity timeline For personal use only First mover status on ASX with significant upside 100% ownership and control over project – essential for small company GOH has extensive relationships in Mongolia at both government and business level Clea
Slide 13: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only 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 provi
Slide 14: Contact Information
Contact Information For personal use only Dougal Ferguson Managing Director +61 (08) 9226 2111 dferguson@elixirpetroleum.com 14
Slide 15: Appendices
Appendices For personal use only 1. Peer Companies in China and Mongolia 2. Golden Horde Team 3. What is Coal Seam Gas? 15
Slide 16: Peer Companies in China and Mongolia
Peer Companies in China and Mongolia For personal use only Company Summary of operations Market Capitalisation Green Dragon • China CBM play Gas • 60/40 Joint Venture with Petro China GBP 92 Million (LSE:GDG) • 3P reserves of 2.4 Tcf ~A$156 Million • 2P reserves of 549Bcf (approx. ½ of 1Tcf) • Appro
Slide 17: Golden Horde Team
Golden Horde Team For personal use only Name Summary of experience Colin Goodall • Ex-senior executive in BP, reporting to the MD and ex-head of BP in Chairman Russia • Chairman of Dana Petroleum PLC through to its ~US$4 billion acquisition by Korea National Oil Corporation (KNOC) • Chairman of a nu
Slide 18: What is Coal Seam Gas (CBM)
What is Coal Seam Gas (CBM) For personal use only CBM is normal natural gas (methane – CH4) – which is stored in coal seams rather than sandstone formations Its production basically just involves drilling to access the coal-seams – it involves no chemical or other reactive process It is a larg