Elixir Energy Limited · ASX:EXR
Elixir Energy — Australian Domestic Gas Outlook Conference (March 2024)
25 slides from Elixir Energy's conference presentation, Mar 26, 2024
Slide 1: ASX Announcement Re-released
ASX ANNOUNCEMENT 26 March 2024 ASX ANNOUNCEMENT RE-RELEASED For personal use only Elixir Energy Limited (“Elixir” or the “Company”) announces that the ASX release lodged earlier today, contains a date error and is now being re-released. The year shown in the first quote on page 4 should be 1997 not
Slide 2: Gas Appraisal in the Taroom Trough - Next to Wallumbilla
For personal use only Australian Domestic Gas Outlook Conference Gas Appraisal in the Taroom Trough - Next to Wallumbilla 26 March 2024 ASX:EXR
Slide 3: 1. Overview Gas Market
For personal use only 1. Overview Gas Market
Slide 4: Macro Overview
For personal use only Macro Overview 1. 2. 3. The desired energy LNG demand forecast East Coast Australia transition is very hard to rise gas supply crisis • A wide variety of challenges – • Multiple industry and • The long recognised supply physical, economic and Government parties crunch is nearly
Slide 5: The Reality of the Energy Transition
The Reality of the Energy Transition The reality of the energy transition is that it is very hard and long dated – gas demand will grow not fall For personal use only The Uber-realists Vaclav Smil: Jeremy Grantham: “Since Kyoto in 1997, there has “Indeed, the long-term correlation between energy use
Slide 6: Growing Demand for LNG
Growing Demand for LNG Multi decade growth – with an increasing focus on security of supply For personal use only Shell LNG Outlook 2024: • The global LNG market will continue growing into the 2040s • ATP 2044 to keep pace Rising demand for LNG expected with new supply • Renewables, supported by gas
Slide 7: Current East Asian LNG Market Dynamics
For personal use only Current East Asian LNG Market Dynamics Australia still the best located supplier to East Asian LNG Markets: • Lower transportation costs than USA or Qatar • No choke points like Panama Canal, Red Sea, Malacca Straits • Geo-political ally of traditional buyers Japan and South Ko
Slide 8: Upcoming East Coast Gas Supply Crunch
Upcoming East Coast Gas Supply Crunch Is it even worse than feared? For personal use only • The now imminent East Coast gas supply crunch has been forecast for some time • It is almost upon us – a cold winter and falling Gippsland supplies ATPcould 2044 hit this year • Demand destruction has happene
Slide 9: 2. The Grandis Gas Project in the Taroom Trough
For personal use only 2. The Grandis Gas Project in the Taroom Trough
Slide 10: The Taroom Trough – An Advantaged Location
The Taroom Trough – An Advantaged Location The prolific Bowen Basin is now set to deliver another energy source • The Grandis Gas Project is very well For personal use only located in the Taroom Trough in the Southern Bowen Basin • Australia’s premier physical and commercial gas hub – Wallumbilla –
Slide 11: Gladstone LNG Plants Have Growing Ullage
Gladstone LNG Plants Have Growing Ullage The 3 LNG Plants at Gladstone need more gas For personal use only • The three LNG plants (6 trains in total) at Gladstone have never operated at full capacity (and well constructed LNG plants should generally operate above nameplate capacity) • Current suppli
Slide 12: An Emerging Energy Super Basin
An Emerging Energy Super Basin The Taroom can be seen as an emerging Energy Super Basin For personal use only • Wood Mackenzie’s Energy Super Basin concept: – ”The future is upstream co-located with low carbon” – “These are basins with the co-location of upstream hydrocarbons, clean electricity, sta
Slide 13: Material and Growing Energy Infrastructure
Material and Growing Energy Infrastructure The Taroom Trough is adjacent to substantial and growing energy infrastructure For personal use only • New energy sources always benefit from adjacency to existing energy infrastructure – brownfields economics apply • The region has a substantial existing g
Slide 14: Attractive to Large Sources of Capital
Attractive to Large Sources of Capital Securing material capital for gas development needs to pass through multiple gates For personal use only • The Taroom Trough is a favourable location for such large companies: 01 Brownfields – many majors, large LNG buyers, etc, are 02 Low emissions profile – t
Slide 15: Multiple Operator Activity
Multiple Operator Activity Home to several majors, the Taroom Trough hosts material discovered and potential gas resources For personal use only • Shell: Currently drilling. “The estimate of recoverable hydrocarbons in this reservoir across ATP 645 in the area covered by PCA 1 (305), on an unrisked
Slide 16: Daydream-2 – Multiple Objectives
Daydream-2 – Multiple Objectives Daydream-2’s multiple objectives centred around de-risking and value creation For personal use only Target of >500 metres of gross vertical interval of prospective reservoirs 1. Permeable Sandstones Stimulation program to cover primary targets: 2. Tight Sandstones 1.
Slide 17: Daydream-2 Delivers a Welcome Surprise
Daydream-2 Delivers a Welcome Surprise Daydream-2 discovered a first in the Taroom Trough – a free flowing deep permeable formation For personal use only • Drilled to total depth of 4,300 metres (14,108 feet) • Well drilled safely and under budget ATP 2044 Straightened • Gross interval of 607 metres
Slide 18: Recent Lab Results Deliver More Upside
Recent Lab Results Deliver More Upside Lab results reported in recent results suggest Perth & Cooper Basin analogues For personal use only • Significant over-pressure confirmed – 9,400 psia in deep permeable zone • Analysis of cuttings samples from the deep permeable sand interval has identified cla
Slide 19: Grandis Gas Project Timeline
Grandis Gas Project Timeline 2024 For personal use only Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Post Drill Analysis 1 2 3 3 Injectivity & Pre-Stimulation 4 5 Testing Stimulation Planning 6 Long Lead Items Ordered 7 Stimulation, Completion & 8 9 Production Testing 1 Compilation of post well a
Slide 20: 4. Summary, Disclaimer and Appendix
For personal use only 4. Summary, Disclaimer and Appendix 19
Slide 21: Summary
For personal use only Summary The World needs more gas for The East Coast has strong The Taroom Trough is longer – LNG markets are pricing, a growing supply exceptionally well located on growing gap – and LNG ullage multiple fronts Growing need for energy The Taroom Trough is Elixir’s current progra
Slide 22: Very Material Resources
For personal use only Very Material Resources Contingent Resources – Sandstones only Prospective Resources - Coals ATP – 2044 – GRANDIS GAS PROJECT ATP – 2044 – GRANDIS GAS PROJECT Contingent Resources (100%) Prospective Resources (100%) Units 1C 2C 3C Units 1U 2U 3U Gas Initially In Place Bcf 2,128
Slide 23: Important Notice & Disclaimer
For personal use only Important Notice & Disclaimer This document has been prepared by Elixir Energy 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 providin
Slide 24: Appendix
For personal use only Appendix Methodology: The estimate of Prospective Resource was compiled by Elixir’s Chief Geoscientist, Mr Greg Channon, who has completed a detailed and formal report on the prospective resources in ATP 2044. The work was undertaken in accordance with the Society of Petroleum
Slide 25: Investors & Media
INVESTORS & MEDIA For personal use only Neil Young Managing Director info@elixirenergy.com.au Phone +61 8 7079 5610 www.elixirenergy.com.au www.elixirenergy.com.au ASX:EXR
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