Slide 1: Elixir Petroleum – Mongolian CBM PSC: Delivery of Project Khiimori
Elixir Petroleum – Mongolian CBM PSC For personal use only Delivery of “Project Khiimori” (ASX:EXR) January 2018
Slide 2: Elixir Investment Highlights
Elixir 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 Elixir has an exclusive option to 30 September 2018 to acquire GOH for 79M shares in Elixir GOH has advis
Slide 3: Project milestones progressing
Project 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 Mongolian a
Slide 4: Technical Workshop Outcomes – Brisbane 2018
Technical Workshop Outcomes – Brisbane 2018 For personal use only Technical workshop held on Friday 19 January 2018 at Siecap offices in Brisbane CSG/CBM experts in geology, engineering, operations and commercial development met to discuss and opine on Project Khiimori and the forward exploitati
Slide 5: 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 6: Project Area Key Facts (cont.)
Project Area Key Facts (cont.) For personal use only Large 7 million acre project area – 100% ownership World class producing thermal coal deposit within project area (South Gobi basin) China/Mongolia Southern Border Technical studies indicate South Gobi Basin most prospective basin in Mongolia fo
Slide 7: 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 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 Khiimori Milestones
Project Khiimori Milestones Two Year Programme required to deliver key Milestones For personal use only Completed 2018 Programme 2019 Programme Initial Second 2019 Drilling 2018 Drilling Prospective CBM Technical Prospective 2D Seismic Programme (2 Programme (2 Workshop Resource Acquisition* Resourc
Slide 10: 2018 Project Khiimori Milestones
2018 Project Khiimori Milestones EXR has commenced exploration activity pre PSC award date For personal use only Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Operational Field Season CBM Workshop Field Mapping – commencement imminent Completion of Technical Studies Exploration Program Finalisatio
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: Investment Summary
Investment Summary For personal use only Modest total investment with long activity timeline and significant upside potential First mover status on ASX in Mongolian CBM space 100% ownership and control over project – essential for small company GOH has extensive relationships in Mongolia at
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: Appendix: Peer Companies in China and Mongolia
Appendix: Peer Companies in China and Mongolia For personal use only Company Summary of operations Market Capitalisation G3 Exploration • China CBM play (previously • 60/40 Joint Venture with Petro China GBP 99 Million Green Dragon • 3P reserves of 2.4 Tcf ~A$173 Million Gas) • 2P reserves of 549Bcf