Adx Energy Ltd · ASX:ADX
Adx Energy — 121 Oil and Gas Conference London 2019
26 slides from Adx Energy's conference presentation, Oct 29, 2019
Slide 1: A European Focused Producer, Developer and Explorer
For personal use only ADX Energy Ltd A European Focused Producer, Developer and Explorer. 121 Oil and Gas Conference London 2019 28 & 29 October 2019 “We are transforming our business to become a leading onshore European producer and explorer focussing on rapid returns on investment and cashflow gro
Slide 2: Disclaimer Statement (1)
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Disclaimer Statement (1) For personal use only This document has been prepared by ADX Energy Ltd for the purpose of providing information regarding the RAG production asset acquisition to interested analysts/investors a
Slide 3: Disclaimer Statement (2)
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Disclaimer Statement (2) For personal use only PRMS Reserves Classifications used in this Report Developed Reserves are quantities expected to be recovered from existing wells and facilities. Developed Producing Reserve
Slide 4: Company Overview
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Company Overview A European Focused Producer, Developer and Explorer For personal use only ASX Code ADX Zistersdorf & Gaiselberg Fields & 1,446 Shares on Issue Upper Austria million Exploration No of Shareholders 2,507
Slide 5: Recent Activities: Current Status of Asset Base
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Recent Activities Current Status of Asset Base For personal use only Romania Drilling Success (Refer ADX Release dated 9/9/2019) ➢ Successful Parta Appraisal Well onshore Romania ▪ 20 BCF 2C Contingent Resource >> Meani
Slide 6: Romanian Appraisal & Exploration
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Recent Activities Romanian Appraisal & Exploration For personal use only Iecea Mare Production and Parta Exploration Sole Risk Area: IECEA MARE 19.4 km² Production ➢ ADX Operates and holds 58% interest Concession ➢ Part
Slide 7: Iecea Mica-1 Drilling Results
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Recent Activities Romanian Appraisal & Exploration - Iecea Mica – 1 Drilling Results For personal use only Drilling Results (Refer ADX Release dated 9/9/2019) Iecea Mica 1 well ➢ 20 Bcf (2C) resources in 3 sands exceeds
Slide 8: RAG Asset Acquisition - Transaction Overview
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production Acquisition RAG Asset Acquisition - Transaction Overview For personal use only Deal Summary Zistersdorf & Gaiselberg Fields Zistersdorf & Gaiselberg Fields (Vienna Basin) (Vienna Basin) ➢ 100% intere
Slide 9: Zistersdorf & Gaiselberg Oil Field – Vienna Basin
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production Acquisition Zistersdorf & Gaiselberg Oil Field – Vienna Basin For personal use only Stable production, low decline rate ( 2% PA) ➢Long lived cash flow and excellent facilities position ➢Efficient ope
Slide 10: Facilities Summary (Boutique Oil Field)
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production Acquisition Zistersdorf & Gaiselberg Oil Field – Vienna Basin For personal use only Facilities Summary (Boutique Oil Field) ➢ Wells – 34 production, 14 injection ➢ Production Facilities (up to 4000BO
Slide 11: Exploration Potential - Upper Austria
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” For personal use only ADX Energy Ltd Exploration Potential - UPPER AUSTRIA Low CO2 and CH4 emission production from Austria 11
Slide 12: Austrian Exploration Potential
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Potential Exploration in a prolific basin with excellent infrastructure For personal use only Vienna Gas Fields Germany Oil Fields Salzburg ~10,000 km² ADX* oil Prospective production Exploration ar
Slide 13: Austrian Exploration Potential
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Potential Production to date 220 MMBOE (~ 70% GAS) For personal use only Passau Bohemian Massif - Basement (Variscan) GERMANY Linz Molasse Foreland Basin (Eocene – Miocene) Flysch Zone (Cretaceous N
Slide 14: Austrian Exploration: Extensive Prospect Inventory
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Extensive Prospect Inventory Mapped on 3D Coverage: 3,650 km2 For personal use only 10,000 km² Prospective * Upper Austria & Salzburg only, Germany not included Exploration Area Passau Bohemian Mass
Slide 15: Attractive, Drill Ready Portfolio
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Exploration Attractive, Drill Ready Portfolio - facilitated by infrastructure For personal use only A Unique Opportunity – ready to Drill! ➢ New RAG shareholders focus on gas storage and hence divest oil produc
Slide 16: Impact of RAG Assets on ADX the Business
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Impact of RAG Assets on ADX the Business For personal use only Opportunistic appraisal Proactive production, exploration company heavily reliant on and development Company with farmouts & new equity access to cash flow
Slide 17: If you would like to know more?
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” If you would like to know more? For personal use only Executive Chairman: Ian Tchacos emails: ian.tchacos@adxenergy.com.au Chief Executive: Paul Fink email: Paul.Fink@adx-energy.com Finance Manager and Company Secretary
Slide 18: Additional Information: RAG Austria Asset Acquisition
For personal use only Additional Information RAG AUSTRIA Asset Acquisition 18
Slide 19: Multiple Layers of Value Available
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” Austrian Production & Exploration Transaction Multiple Layers of Value Available For personal use only “A Game Changer - Providing ADX with a break through position in the Austrian E & P sector and multiple value develo
Slide 20: RAG Assets – Value Development Potential Key Assumptions
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” RAG Assets – Value Development Potential Key Assumptions For personal use only Z&G Developed Z&G Infill Drilling Z&G field - Flysch Low risk, step out High Impact Exploration Production reservoir development exploration
Slide 21: Type 1: Appraisal – Gas Prospect
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 1: APPRAISAL – GAS PROSPECT For personal use only Gas production Updip gas channel prospect Gas production Gas production The portfolio contains several shallow, small size (i.e. 3 - 5 bscf) but very low risk and h
Slide 22: Type 2: Step Out Exploration Gas Prospect
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 2: STEP OUT EXPLORATION GAS PROSPECT For personal use only SE NW HAIDACH GAS STORAGE Proven Miocene strat play concept & AVO The prospect is only a few km SE of Haidach, the largest gas storage field in Austria. It
Slide 23: Type 3: Medium Risk On Trend Oil Exploration
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 3: MEDIUM RISK ON TREND OIL EXPLORATION For personal use only West Base Flysch thrust N thrust This 3 target prospect is on trend with the Aschach oil field and structurally well defined by 3D seismic. The probabil
Slide 24: Type 4: Higher Risk Oil Exploration – New Concept
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 4: HIGHER RISK OIL EXPLORATION – NEW CONCEPT ! For personal use only This subthrust Molasse Basin prospect has already a proven oil charge migration path from a downdip well. It is deemed to be risky because of the
Slide 25: Type 5: High Reward - High Risk Prospect – Thrust Belt
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” TYPE 5: HIGH REWARD - HIGH RISK PROSPECT – THRUST BELT WITH MODERATE WELL COST AND DEPTHS! For personal use only WALCHAU: 1100 m TVD 650 bscf (P50) Large well defined surface anticline (“Walchau”) 704 MMUSD NPV(10) OMV
Slide 26: Recent Oil Exploration Success
121 Conference London 2019 - ADX Energy “SUMMARY OF STRATEGIC & VALUE POTENTIAL” RECENT OIL EXPLORATION SUCCESS STATISTICS ON 3D SEISMIC : 47% For personal use only Large oil fields discovered No Oil 3D seismic drilling on 2D seismic Exploration …..to be continued Despite the strong focus on gas and