Xstate Resources Limited · ASX:XST
Xstate Resources — Good Oil Conference 2011
18 slides from Xstate Resources's conference presentation, Sep 7, 2011
Slide 1: ASX lodgement: Good Oil Conference Presentation
ABN 96 009 217 154 For personal use only 7 September 2011 ASX Limited Electronic lodgement Good Oil Conference Presentation Please find attached the Good Oil Conference Presentation by Xstate Resources Limited. For and on behalf of the Board. 208 B ag o t Road , Su biaco WA 6 008 T e l + 61 8 9381 4
Slide 2: Good Oil Conference Presentation September 2011
For personal use only XST Good Oil Conference Presentation September 2011
Slide 3: 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 4: Tunisian Oil and Gas - Linked to Europe
Tunisian Oil and Gas 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: approx.
Slide 5: 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 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: Kerkouane and Pantelleria Value
For personal use only Kerkouane and Pantelleria Value KEY FACTS: Kerkouane • Xstate interest: 10%(1) • Participants: ADX Energy (Operator), Gulfsands, PharmAust (Lambouka only) • Area: 3,725 sq km • Offshore, 50-1,000m water depth, covered by 2D and 3D seismic Lambouka • Multiple gas-condensate disc
Slide 9: 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 (30%) • Location: Offshore, Kerkouane acreage • Description: Gas-condensate discovery • Covered by 3D seismic; 320 m water depth • Dougga discovered by
Slide 10: Kerkouane… Appraising another Shell discovery
Kerkouane… Appraising another Shell discovery For personal use only KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (60%, Operator), Gulfsands (40%) • Location: Offshore, Kerkouane acreage • Description: Gas discovery with oil rim • Covered by 2D seismic; 100m water depth • Kerkouane di
Slide 11: Dougga West… Exciting Exploration Prospect
Dougga West… Exciting Exploration Prospect For personal use only KEY FACTS: • Xstate interest: 10% • Participants: ADX Energy (60%, Operator), Gulfsands (40%) Dougga • Location: Offshore, Kerkouane acreage West • Description: Gas discovery with oil rim • Covered by 2D seismic; 320m water depth • Ana
Slide 12: Dougga North Prospect - Nilde Oil Field Analogue
Dougga North Prospect -Nilde Oil Field Analogue Dougga Dougga 1 For personal use only West 3D Upper Birsa Lower Birsa Ain Grab Abiod Nilde Field 11 11
Slide 13: XState Value Curve - Multiple projects
XState Value Curve- Multiple projects For personal use only Exploration Appraisal/Development Production Dougga Sidi Dhaher Prospects & Leads Kerkouane Inventory Dougga West East Lambouka Chaal Xstate’s Asset Depth: discoveries, prospects and leads spread along the value curve…
Slide 14: Xstate's Forward Plan…
For personal use only Xstate’s Forward Plan… Short Term (<6 months) • Drilling 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, through m
Slide 15: 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 16: For personal use only
For personal use only
Slide 17: 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
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