Elixir Energy Limited · ASX:EXR
Elixir Energy — Elixir Petroleum — RIU Good Oil Conference 2010
17 slides from Elixir Energy's conference presentation, Sep 8, 2010
Slide 1: ASX Release: Company Presentation Material
ASX RELEASE For personal use only 8 SEPTEMBER 2010 COMPANY PRESENTATION MATERIAL Please find attached to this document a copy of the presentation slides to be used by Elixir Petroleum Limited in presentations being conducted at the RIU Good Oil Conference in Perth today. For Elixir Petroleum Limited
Slide 2: The Good Oil Conference
The Good Oil Conference For personal use only 8 September 2010 Andrew Ross, Managing Director (ASX:EXR)
Slide 3: 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. This presentation is being provided for the sole purpose of pro
Slide 4: Overview
Overview 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 • During 2009 evaluated a large number of new play types and opportunities in a variety of regions • Observed the e
Slide 5: Corporate Profile
Corporate Profile For personal use only Capital Structure Trading Performance Exchange: ASX:EXR Share Trading Range: $0.04 – $0.07 (prior 12 months) Ordinary shares: 188.9m Current Share Price: $0.064 Unlisted Options: 7.8m Current Market Cap: $12.1m No of Shareholders: ~1,500 Avg Trading Volume: ap
Slide 6: Moselle - Overview
Moselle - Overview For personal use only • Moselle permit is located in the East Paris Basin, North-Eastern France • Moselle is currently largest onshore exploration permit in France – 5,360 km2 or 1.34 million acres in area • Completed acquisition April ‘10 • Elixir - 100% owner and operator • Work
Slide 7: Moselle – Overview (cont’d)
Moselle – Overview (cont’d) For personal use only • Little oil and gas activity in the East Paris Basin since the mid-1990’s • Until now no systematic evaluation of unconventional resource potential • Over 50 oil and gas wells drilled in and adjacent to the Permit More than half have oil and/or gas
Slide 8: France as a Market
France as a Market For personal use only • Low sovereign risk with supportive and stable 2,000 France - Gas Consumption v Production government 1,800 1,600 • Attractive fiscal terms which are superior to US 1,400 1,200 onshore BCF 1,000 800 • Gas pipeline infrastructure and gas sales 600 markets wel
Slide 9: Moselle - Overview (cont’d)
Moselle - Overview (cont’d) For personal use only • Technical work program to deliver in Q4, 2010: Detailed examination of unconventional gas shale prospectivity STOIIP and recoverable prospective and contingent resource estimate for Permit Independent certification of volumetrics • Assembled compre
Slide 10: Unconventional Resources are Valuable
Unconventional Resources are Valuable For personal use only • The European Majors missed the early phase of the US gas shale boom • Buying in now to access and transfer knowledge and technology internationally Purchaser Date Location Acres (Net) Production Price (USD) Price / Acre Shell Jul 08 Hayne
Slide 11: Unconventional Resources in Europe
Unconventional Resources in Europe For personal use only • The Majors are back onshore Europe pursuing unconventional resources Name Target Country ExxonMobil Tight and shale gas Germany, Hungary and Poland OMV Shale Gas Austria ConocoPhillips Shale Gas Poland Royal Dutch Shell Tight Gas, Shale Oil
Slide 12: Paris Basin Transaction
Paris Basin Transaction For personal use only • In May 2010 Hess Corp farmed into 50% of Toreador’s oil shale permits in Paris Basin • Toreador hold 680,000 awarded acres and 360,000 acres pending award • Consideration paid by Hess to Toreador of up to US$265m US$m Moselle Upfront cash payment $15m
Slide 13: Moselle Summary
Moselle Summary For personal use only Asset – Market - Risks - Operatorship and 100% Low sovereign risk, stable, ? Geology of unconventional ownership supportive government not yet well understood Very large acreage position Large existing domestic gas ? Potential resources in Working hydrocarbon sy
Slide 14: Gulf of Mexico - Shallow Shelf
Gulf of Mexico - Shallow Shelf For personal use only • High Island (30% WI, non-operated) – Gas and condensate discovery in Feb 07 - two wells on production since Sep 07 – Total cumulative production to date 3.9 Bcf and 140,000 Bbls – Field producing at approx 150 Bbls/d condensate and minor amounts
Slide 15: UK - Northern North Sea
UK - Northern North Sea For personal use only • Tiger Prospect (100% WI, Operator) NNS – Block 211/12b contains the Tiger Prospect – Awarded under 25th Round in 2009 – Licence term 4 years – Drill-or-drop well commitment by 2012 – Magnus sands play type located next to 1.5Bn Bbl+ Magnus field operat
Slide 16: Summary
Summary For personal use only France • Technical workscopes kicked off and several approaching completion • In place resource estimate expected in Q4, 2010 • Marketing of Moselle for farmout thereafter GOM • Production continuing, gas prices in GOM still soft • Workover of High Island depending on w
Slide 17: For personal use only
For personal use only www.elixirpetroleum.com Information contained in this presentation with respect to the High Island and Pompano Projects, was compiled by Elixir or from material provided by the project operators and reviewed by Elixir’s Operations Manager, Ian Lusted, BSc (Hons),SPE , who has h