Slide 1: Reserves & Resources Update Webinar
RESERVES & RESOURCES UPDATE WEBINAR 1 December 2021
Slide 2: Important Information About This Document
Important Information About This Document This document and any associated materials provided to the reader (“the Materials”) have been prepared by AXP Energy Limited (“AXP” or “Company”) and contain general information about AXP’s activities. By accepting the Materials you agree to be bound by the
Slide 3: Qualified R&R Evaluator Statement
Qualified R&R Evaluator Statement The petroleum reserve and resource information contained in this document has been prepared under the supervision of Mr. Russell Hamilton by independent experts. Mr. Hamilton, Vice President and General Manager of AXP Energy, Inc – US, a wholly owned subsidiary of A
Slide 4: Highlights
Highlights 2P Reserves of 6.37 million barrels of oil equivalent (MMboe), up from 0.124 MMboe previously reported; • 2P is comprised of 1.06 million barrels of oil (MMbbl), 24.7 billion cubic feet (Bcf) of gas and 1.17 million barrels NGL; substantially up from 0.124 MMboe; • 61% of Reserves are pro
Slide 5: Reserves & Resources at 1 October 2021
Reserves & Resources at 1 October 2021 OIL GAS NGL TOTAL3 RESERVE CATEGORY [MMbbl1] [Bcf2] [MMbbl1] [MMboe4] Proved (1P) 0.71 22.58 1.04 5.52 Probable 0.35 2.12 0.13 0.86 Proved + Probable (2P) 1.06 24.70 1.17 6.37 Possible 0.50 10.81 0.39 2.69 Proved + Probable + Possible (3P) 1.56 35.51 1.56 9.06
Slide 6: Forward Program: KJ Pipeline Tie-in and Workover Programs
Forward Program KJ Pipeline Tie-in and Workover Programs • The KayJay Pipeline tie-in, scheduled for completion November, will be completed by first week December; • Phase 1 & 2 complete, KayJay Tie-in complete first week December; • 65 wells worked over or brought on-line for 1,250Mcf/d gas and 96
Slide 7: Forward Program - Drilling
Forward Program - Drilling 4 + 4 Well Drilling Program – Western KY/Illinois Basin • Permitting in progress; • First well expected to spud by middle of December; • Low-cost infill vertical wells in producing formations; • Potential for frac stimulation to boost return. Longer Term Drilling – Eastern
Slide 8: Questions? Acquire, Enhance, Produce
Questions? ACQUIRE ENHANCE PRODUCE LOW-COST, LOW COST, LOW-COST RIGOROUS FIELD OPPORTUNISTIC WORKOVERS EE & WELL OPPORTUNISTIC E DEVELOPMENT ACQUISITIONS ENHANCEMENT ACQISITIONS PLANNING • Neglected assets • Extreme cost discipline • Optimized & efficient and CAPEX gating production • Building scale
Slide 9: Further Information
Further Information AXP ENERGY LIMITED www.axpenergy.com USA HEADQUARTERS AUSTRALIAN OFFICE TIM HART Suite 120 Suite 302, Level 3 CEO 120 Prosperous Place 17 Castlereagh thart@axpenergy.com Lexington, Kentucky Sydney NSW 2000 40509 AUSTRALIA SAM JARVIS USA Non-Executive Director + 61 (0)2 9299 9580
Slide 10: Thank You
Thank You