Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — Shareholder Meeting (November 2009)
16 slides from Elixir Energy's shareholder meeting presentation, Nov 24, 2009
Slide 1: Annual General Meeting
Elixir Petroleum Limited Annual General Meeting For personal use only 24 November 2009 (ASX:EXR)
Slide 2: Important Notice and Disclaimer
Important Notice and 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. y This presentation is being provided for the sole purpose of p
Slide 3: Outline
Outline For personal use only • Corporate Overview • Performance Review • Operations and Assets • New Ventures • C Conclusion l i anddY Year Ah Ahead d
Slide 4: Overview
Overview For personal use only • Elixir is an international E&P company with a diversified portfolio of interests across the exploration, p appraisal, pp development p and p production spectrum p • Current geographic areas of activity include: ► Development and Production from the shallow shelf Gulf
Slide 5: Corporate Profile
Corporate Profile For personal use only Capital Structure Exchange: ASX:EXR Ordinary shares: 188.9m Unlisted Options: 8.4m No of Shareholders: ~1,605 Trading Performance Share Trading Range: $0.03 – $0.095 (prior 12 months) Current Share Price: $0.057 Current Market Cap: ~$10.8m Avg Trading Volume:
Slide 6: Industry Data
Industry Data For personal use only FY2009 Natural Gas Price (HSC) - 67.5% Crude Oil Price (WTI) - 50.6% Total US Production -7mmboe UKCS Exploration Drilling (1H’09) - 57% USD / AUD -16 5% -16.5% North Sea Rig Rates -44% $160.00 $160 00 $12.00 $140.00 $10.00 Crude Oil (WTI) Natural Gas (HSC) $120.0
Slide 7: Operational Profile
Operational Profile For personal use only Head Office Regional Office Local Reps UK North Sea – Exploration & Appraisal Gulf of Mexico – Development & Production Geographic and Lifecycle Diversification 7
Slide 8: High Island Project (30% WI)
High Island Project (30%WI) For personal use only • Two wells on production since Sept 2007 • Sh t i ffor 5 months Shut-in th iin FY 2009 • Gas production rate is currently facilities constrained • Field currently producing at ~0.5 mmscf/d of gas and 200 Bbls/d condensate (100% project) • Operator h
Slide 9: Pompano Project (25% WI)
Pompano Project (25%WI) For personal use only • Two wells on production since May 2008 • ATO#3 not commercial – sidetrack candidate • Remedial workover undertaken of Well #1 in Sept 2009 to restore higher production rates • Current production rate of ~6.4MMscf/d (100% project) • Independent reserves
Slide 10: Tiger Prospect (100% WI, Operator)
Tiger Prospect (100% WI WI, Operator) For personal use only • Block 211/12b awarded Feb 2009 with 4 year term • Drill or Drop commitment b Drill-or-Drop by Feb 2012 • Tiger prospect is an Upper Jurassic Magnus Sandstone prospect • Located adjacent to 1.5 Bn bbl Magnus field • Downdip well with oil s
Slide 11: Mulle Appraisal Project (40% WI, non-operated)
Mulle Appraisal Project (40% WI WI, non-operated) For personal use only • Mulle discovered by 1970’s vintage well - 17m NNS gross oil column column, drilled off crest crest, not tested • Mulle on trend and down dip from Causeway • Appraisal pp well and testing gpprogramme g required q – multiple exp
Slide 12: Leopard Prospect (56% WI, operator)
Leopard Prospect (56%WI, (56%WI operator) For personal use only • Block 211/18b contains Leopard prospect NNS • Original licence term expires 21 December 2009 • Request made to extend term - dependent on well commitment being made • Final conversations with potential farminees ongoing • If farminee
Slide 13: New Ventures Screening Criteria
New Ventures For personal use only New Ventures Screening Criteria Established Petroleum Basins Low Sovereign Risk Superior Fiscal Regime Credible JV Partners Oil and/or Gas Prone p Exploration Appraisal pp and Development p Large Acreage Position Drill Ready p Play Multiple y Types yp Multiple p Ta
Slide 14: New Ventures
New Ventures For personal use only • Participation in 26th UK Seaward Licensing Round in Q1, 2010 – Round R d expected t d tto b be announced d iin JJanuary 2010 – Bid groups forming now – Applications in by April 2010 • Have reviewed 20+ new opportunities in the past 6 months: – Gulf Coast and shal
Slide 15: Year Ahead
Year Ahead For personal use only US Gulf of Mexico • M i i i oilil production Maintaining d i at Hi High h IIsland l d iin short h term • Increased gas rates to be achieved through workovers of existing wells • Workover on Well #1 at Pompano successful with increased rates • Redfish and UTFB prospec
Slide 16: For personal use only
For personal use only www.elixirpetroleum.com
Elixir Petroleum — Shareholder Meeting (November 2009) on 6ix