Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — The Good Oil Conference 2008
15 slides from Elixir Energy's conference presentation, Sep 3, 2008
Slide 1: The Good Oil Conference
The Good Oil Conference For personal use only September 2008 “Our First Good Oil, In A Year of Firsts” Andrew Ross – Managing Director ASX : EXR, AIM : ELP
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Elixir Petroleum Limited (ABN 51 108 230 995). The information contained in this presentation is an overview and does not contain all information necessaryy for an investment decision. The information in this ppresentation does
Slide 3: Introduction
Introduction For personal use only • Elixir is an international E&P company with a diversified portfolio of interests across the exploration, appraisal, development and production spectrum • C Current t geographic hi areas off activity ti it iinclude: l d ► Development and Production from the shallo
Slide 4: Corporate Profile
Corporate p Profile For personal use only Capital Structure Exchanges: ASX:EXR, AIM:ELP Ordinary shares: 188.9m Unlisted Options: 8.6m Convertible Notes: A$3m @ 35c,, 10% coupon p Trading Performance Share Trading Range: 15c – 39c (prior 12 months) Current Share Price: 16.5c Current Market Cap: ~A$3
Slide 5: Operational Profile
Operational p Profile For personal use only Head Office Regional Office Local Reps UK North Sea – Exploration & Appraisal Gulf of Mexico – Development & Production Sierra Leone - Exploration Geographic and Lifecycle Diversification 5
Slide 6: High Island Development (30% WI)
High g Island Development p ((30%WI)) For personal use only • Gas and condensate development 65kms offshore Texas in 51m water depth • Two wells T ll on production d i at approx 4.5MMscf/d and 200 Bbls/d (100% Project) • Installation of compression and sleeve change - aimed at increasing gas product
Slide 7: Pompano Development (25% WI)
Pompano p Development p ((25%WI)) For personal use only • Gas re-development project 7km offshore Texas in 18m water depth • Two wells on production at approx 10 MMscf/d and 50 Bbls/d (100% Project) • Independent 2P reserves for the two producing wells of 17 17.1 1 Bcf and 50M bbls (Source: Ralph E
Slide 8: Exploration and Appraisal
Exploration p and Appraisal pp For personal use only UK North Sea Offshore, Sierra Leone 8
Slide 9: Mulle Appraisal Project (40% WI, non-operated)
Mulle Appraisal pp Project j ((40% WI,, non-operated) p ) For personal use only • Jaguar well and Causeway appraisal success NNS led to re-examination of block prospectivity • 1970’s vintage well with 20m gross oil column in Ness formation - drilled off crest, not tested • Mulle on trend and down di
Slide 10: Leopard Prospect (56% WI, operator)
Leopard p Prospect p ((56%WI,, operator) p ) For personal use only • Block 211/18b contains the Leopard Prospect • Primary play is stratigraphic synrift with Upper J Jurassic i sands d – new play l ttype in i NNS Leopard Prospect • Secondary Brent targets • Mapped structure is tied-in to Norwegian B
Slide 11: Central North Sea Exploration
Central North Sea Exploration p For personal use only Elixir Petroleum Interests Central North Sea 15/13b 13/25 ‘F ‘Fatt C Cat’ t’ 12 5% 12.5% 15/13b ’Eagle’ 13.1% 21/4b ‘Muness’ 7% 21/16b* ‘B ‘Bob bCCat’ t’ 40% 21/4b 13/25 CNS 21/16b
Slide 12: Block SL-4, Sierra Leone (15% WI, Operator)
Block SL-4,, Sierra Leone ((15%WI*,, Operator) p ) For personal use only • Interest acquired in March 2008 on unpromoted, ground floor terms – mix of cash and shares • Underexplored frontier basin with few offshore wells • SL-4 covers 4,429km , 2 - water depths range from 100m to over 3,000m • Excel
Slide 13: Year Ahead
Year Ahead For personal use only US Gulf of Mexico • Continuing production from High Island, growing production from Pompano • Wells 3 and 4 to be drilled at Pompano • Progress Redfish project • Acquisition q of interests in further appraisal/development pp p p projects j in the GOM North Sea • Farm
Slide 14: Summary
Summary y For personal use only • Elixir has had a year of firsts Production, reserves and cash flow Maiden operating profit Entry into West Africa …Presentation at Good Oil • Elixir has what investors should be seeking Good Management - a proven team of focused upstream professionals Great Assets -
Slide 15: For personal use only
For personal use only www.elixirpetroleum.com li i t l