Axp Energy Limited · ASX:AXP
Axp Energy — Austin Exploration — Non-Deal Roadshow (April 2013)
19 slides from Axp Energy's roadshow presentation, April 2013
Slide 1: World Class People. World Class Assets.
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Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements made by representatives of Austin Exploration Limited during the course of this presentation that are not historical facts are forward-looking statements. These statements are based on certain assumptions made by the Austin Exploration Limited based on managemen
Slide 3: Key Assets
Key Assets Austin is a diversified Oil & Gas production and exploration company primed for self- sustaining growth Exploration Prospects – Pathfinder Prospect – Niobrara, Colorado (11,500 acres) – Texas Birch Prospect – Eagle Ford, Texas (5,000 acres) Producing Assets – Kentucky – Multiple low cost
Slide 4: US Assets - Map
US Assets - Map Pathfinder Niobrara Project Sebree & WW Magnolia Park City Commencement Ellislie Bourke 4 Birch Eagle Ford Project Yolanda 4
Slide 5: Milestones Achieved
Milestones Achieved Raised $23M for appraisal drilling Drilled 8 successful exploration wells Project 500 Squared achieved – Cost savings of $1 million (double $500,000 savings target) – Daily production of 547 BOE Record Oil & Gas Production capacity of 547BOE achieved in March 2013 representing a
Slide 6: Pathfinder Prospect – Niobrara, Colorado
Pathfinder Prospect – Niobrara, Colorado 85% Working Interest in 11,500 acres General Manger: Ms Ola Akrad THE CANON CITY EMBAYMENT (DJ Basin) FLORENCE FIELD disc 1862 Pierre Shale 15.1 MMBO WET MTN THRUST PATHFINDER PROJECT Austin is the first Company to achieve production in the Niobrara shale whi
Slide 7: Pathfinder Prospect – Niobrara, Colorado
Pathfinder Prospect – Niobrara, Colorado 85% Working Interest in 11,500 acres State-of-the-art engineering techniques driving success and value Austin Exploration is the first company ever to successfully drill through the highly fractured and problematic Pierre formation and drill a horizontal well
Slide 8: Birch Prospect – Eagle Ford, Texas
Birch Prospect – Eagle Ford, Texas 100% Working Interest in 5000 acres General Manger: Mr Aaron Goss Apache, Anadarko & Clayton Williams are drilling, producing & leasing in Burleson County surrounding Austin’s acreage
Slide 9: Birch Prospect – Eagle Ford, Texas
Birch Prospect – Eagle Ford, Texas 100% Working Interest in 5000 acres Excellent initial results Birch 1 Krueger confirmed thickness of 270 ft section of the Eagle Ford formation which IP rate of 95BOEPD from a vertical well. Significant value added to the Birch project through successful exploratio
Slide 10: Producing Wells
Producing Wells Working Interest Net Revenue Interest State Well (%) (%) Colorado Niobrara 2 85 65.01 Yolanda 45 27.36 Texas Krueger B1 100 75 Schwartz-Galbreath B3 100 75 Commencement 50 37.50 Mississippi Ellislie 50 37.50 Bourke 4 50 36 Tarter 100 87.50 Spillman 100 87.50 Russell Farms 100 75 Kent
Slide 11: New wells drilled over past 12 months
New wells drilled over past 12 months 100% Success Colorado – Niobrara 1 Vertical – Currently evaluating which formation to produce – Niobrara 2 Horizontal – Currently producing oil and gas Texas – Birch 1 Vertical – Currently producing oil and gas – Birch 2 – Live oil shows of oil and gas – Birch 3
Slide 12: Current Average Daily Capacity
Current Average Daily Capacity State / Prospect Average daily capacity (oil/BOE) Colorado Pathfinder Hz No.1 (still inconsistent/erratic) 403 (211 BO + 192 BOE) Texas Yolanda 15 B1 (Birch prospect) 10 (BOE) B3 Work-over rig currently on location Mississippi Ellislie 20 Commencement 40 Bourke 40 Kent
Slide 13: Reserves Update – Gustavson Sept. 2012
Reserves Update – Gustavson Sept. 2012 Oil EUR, Cumulative Oil Resources, Solution Gas Resources, MMBbl Production MMBbl BSCF Prospect MMBbl P90 P50 P10 P90 P50 P10 P90 P50 P10 Birch 5.36 9.53 17.51 0.19 5.17 9.34 17.32 21.41 42.01 82.99 Pathfinder 16.94 21.76 28.39 0 16.94 21.76 28.39 19.09 24.52 3
Slide 14: Schedule – Next 12 months
Schedule – Next 12 months 1. Complete exploration program to retain acreage by drilling B4 and N3 2. Complete appraisal program by drilling horizontal well in Eagle Ford 3. Connect Niobrara and Eagle Ford to gas mains 4. Certify reserves on Austin Chalk, Eagle Ford and Niobrara Horizontals 5. Finali
Slide 15: Austin Exploration – Long Term Potential
Austin Exploration – Long Term Potential Develop our 20,000 acres across five proven hydrocarbon basins in the US Drill nearly 200 wells over time Each well estimated to have a daily average flow rate in their initial year of production of 200 BOPD achieving production costs from gas production Colo
Slide 16: Corporate Snapshot
Corporate Snapshot Corporate Statistics Shares On Issue (ASX : AKK) 1.5b Market Capitalisation @ $.021 $ 32m AKK 12 Month Historical Price Performance Total Options (ASX:AKKOA Exp 07/13) 1.0b Cash $3m Debt $ Nil Enterprise Value EV $ 29m USA:OTCQX International ADR Ticker: (1 ADR : 100 common shares
Slide 17: Investment Rationale/Highlights
Investment Rationale/Highlights Major working interests and net revenue interests in five key oil and gas provinces in the United States and Australia, including 2 of the most prolific oil and gas regions of US Experienced board and management team with proven track record World class technical team
Slide 18: Experienced Board of Directors
Experienced Board of Directors Mr. Richard Cottee, Chairman of the Board Mr. Cottee is the former CEO of the one of Australia’s most successful oil and gas industry growth stories – Queensland Gas Corporation, and Mr. Cottee was CEO of Nexus Energy. He was also previously Managing Director for the U
Slide 19: Corporate Information
Corporate Information Austin Exploration Limited Auditor Level 1, 160 Queen St. Grant Thornton Melbourne, VIC, 3000 Level 2, 215 Spring Street Australia Melbourne, VIC 3000 (614) 1903 – 5297 Phone (03) 8663 - 6000 (618) 8339 – 7909 Fax www.granthornton.com www.austinexploration.com AusCo Petroleum I