Voltaic Strategic Resources Limited · ASX:VSR
Voltaic Strategic Resources — Good Oil Conference 2019
16 slides from Voltaic Strategic Resources's conference presentation, Sep 12, 2019
Slide 1: Good Oil Conference
GOOD OIL CONFERENCE (12 September 2019)
Slide 2: Production Company
Good Oil Conference (12 September 2019) Silvertip WY Production Company Borie • Acquisition of producing assets WY • Infill development Denver, CO H/Office • Exploitation of behind pipe reserves Sheep Springs & • Production optimization Round Mountain, CA • Secondary recovery 2
Slide 3: Incremental's Success
Incremental’ s Success Good Oil Conference (12 September 2019) Sheep Springs, CA Silvertip, WY Borie, WY (Return on Investment) (Increase in 1P Reserves^) (Reserve^ Value) 20 2,000 $4.50 18 1,800 $4.00 16 1,600 $3.50 PUD 14 1,400 $3.00 12 1,200 US$ million US$ million $2.50 MBOE 10 1,000 $2.00 8 800
Slide 4: Transition from Production to Exploration Focused
Good Oil Conference (12 September 2019) Production Company 2018 – Transition from Name and Production to focus change Exploration Focused Exploration & Production Company • Acquisition of leasehold • Geological & seismic supported prospects • Value-add through drilling of new wells to increase in oi
Slide 5: Eon NRG Company Overview
Eon NRG Company Overview Good Oil Conference (12 September 2019) ASX Symbol E2E Shareholder Distribution MARKET Market Capitalization1 AU$ 3.85M SNAPSHOT Debt2 US$6.13M AU$ 8.72M 7% Free Cash2 US$1.64M AU$ 2.34M 13% Enterprise Value AU$10.23M 35% 2Q-2019 Production (Net) 385 boepd PRODUCTION, SEC Pr
Slide 6: New exploration acreage
New exploration acreage Good Oil Conference (12 September 2019) Acreage acquired by Eon • 15,000 acres acquired in government auction • Leases acquired for $12/acre • 12.5% royalty, 10 year term • No drilling commitments Powder River Basin attributes • Multi stack formations • Economic wells 6
Slide 7: We have the right address
We have the right address Good Oil Conference (12 September 2019) • Surrounded by activity • Currently 11+ active permits in the immediate area targeting Permian and Cretaceous reservoirs • Wells in the area vary in depth from 1,000 - 8,000’ 7
Slide 8: Experienced U.S. Management Team
Experienced U.S. Management Team Good Oil Conference (12 September 2019) JOHN WHISLER WILL DUGGINS CRAIG PARKER MD/CEO Senior Geologist Field Supervisor Engineering/Operations • More than 25 years’ experience • More than 10 years’ • More than 25 years in US oil and gas industry experience in US oil
Slide 9: Govt Kaehne #9-29 well
Govt Kaehne #9-29 well Good Oil Conference (12 September 2019) • Conventional, low risk oil well • Primary Target – Dakota Formation (~6200’) • Secondary Target – Muddy Formation (~6000’) • Reservoir characteristics Average porosity ~21% Average permeability ~ 99 millidarcies • Strong water driv
Slide 10: #9-29 Structure and Cross Section
#9-29 Structure and Cross Section Good Oil Conference (12 September 2019) • Well is positioned at top of structure • Average initial production (IP) 150 BOPD 1 • High recovery with strong water drive 1. Based on average IP of all nearby wells 10
Slide 11: Progress ….#9-29 well
Progress ….#9-29 well Good Oil Conference (12 September 2019) Govt Kaehne #9-29 well pad under construction Capstar Rig drilling oil well in PRB • Well pad and access road earthworks complete • Capstar drill rig selected to drill the well – experienced crew • Well is expected to spud in Q4-19 • Dril
Slide 12: Eon's Forward Plan
Eon’s Forward Plan Good Oil Conference (12 September 2019) • Rare microcap company building a business on drilling CONVENTIONAL EXPLORATION WELLS • Conventional wells have Strong economics lower upfront capex low production decline rates good EUR’s long-term substantial cash flow • Successfu
Slide 13: Board of Directors
Board of Directors Good Oil Conference (12 September 2019) MATT JOHN GERRY SIMON McCANN WHISLER McGANN ADAMS CHAIRMAN MANAGING TECHNICAL DIRECTOR / DIRECTOR / DIRECTOR CFO / CEO CO. SEC. • More than 24 years’ • More than 25 years’ • More than 40 years’ • More than 25 years’ experience in US oil and
Slide 14: Focused On Execution
Focused On Execution Good Oil Conference (12 September 2019) • 15,000 acres leasehold acquired in Powder River Acquire Basin (PRB), Wyoming leasehold 87.5% NRI acreage 10-year lease with no drilling commitments • Multi stacked formations Geological • Leases surrounded by review of developed fiel
Slide 15: Disclaimer
Disclaimer Good Oil Conference (12 September 2019) This presentation has been prepared by Eon NRG Ltd (“Eon”). This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in re
Slide 16: Appendix – Reserve disclosure
Appendix 1 – Reserve disclosure Good Oil Conference (12 September 2019) Reserve information provided in this presentation (released as an ASX announcement) is derived from an independent third party reserve report (Reserve Report), prepared by a third party consultant on behalf of Eon NRG Ltd(“Eon”)
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