Adx Energy Ltd · ASX:ADX
Adx Energy — Good Oil Conference 2011
24 slides from Adx Energy's conference presentation, Sep 7, 2011
Slide 1: ADX Energy Good Oil Conference
For personal use only ADX Energy Good Oil Conference 6-7 September, 2011 Ian Tchacos - Chairman www.adxenergy.com.au
Slide 2: Corporate Summary
CORPORATE SUMMARY For personal use only Share Capital ASX listed international Shares on Issue 398 million energy explorer Maket Capitalisation @ 11 cents $ 43.8 million Options * 31 million * exersize price between 25 to 40 cents 43% interest in Riedel Resources. (ASX listed Gold Share Trading
Slide 3: Geographic Focus
GEOGRAPHIC FOCUS For personal use only Kerkouane Lambouka Dougga Sicily Channel Dominant Strategic Appraisal Sidi Dhaher and Exploration Position Romania Parta Block Tunisia Chorbane License Prospective Onshore Exploration Prospective Onshore Exploration
Slide 4: Investment Profile
INVESTMENT PROFILE For personal use only Appraisal and Exploration assets in Sicily channel (Tunisia and Italy), onshore in Tunisia and Onshore Romania held at high equity interest Sicily Channel Appraisal Projects Three existing gas condensate discoveries – Dougga (60%), Lambouka (50%) and Kerkou
Slide 5: Key Strategies
KEY STRATEGIES For personal use only Corporate Strategy • Early entry to high impact exploration opportunities in proven oil and gas basins • Commercialisation of existing discoveries Operating Philosophy Maintain operatorship through the exploration and appraisal phase of the asset cycle Funding
Slide 6: Board and Management Team
BOARD AND MANAGEMENT TEAM For personal use only Ian Tchacos – Chairman Petroleum Engineer with 25 years international experience in corporate development and strategy, mergers and acquisitions, petroleum exploration, development and production operations, marketing and finance. MD of Nexus Energy
Slide 7: Why Invest in Tunisia?
WHY INVEST IN TUNISIA? For personal use only Political situation has stabilised following revolution Interim government in place and democratic elections scheduled for October 2011 Transparent and open legal system Competent and well educated public service Pro development government with
Slide 8: Tunisia Overview
TUNISIA OVERVIEW For personal use only Political Situation Beginning of Jasmine Uprising: December 17, 2010 President Ben Ali Departs: January 15, 2011 Election for Constitutional Assembly: October, Oil Industry Overview 2011 Oil Production: 70,400 bbl/d (2010 est.) General Condensate Prod
Slide 9: Recent Highlights
RECENT HIGHLIGHTS For personal use only Sidi Dhaher Well Spudded 26 August 2011 – a DHI supported, multi target, onshore prospect - mean prospective resource exceeding 70 mmboe. Dougga Resource Upgrade – increased Tracs report* mean contingent resource estimates of 79 mmboe (239 bcf Sales gas an
Slide 10: Asset Summary – Sicily Channel Appraisal Opportunities
ASSET SUMMARY – Sicily Channel Appraisal Opportunities For personal use only Dougga Gas Condensate Discovery Most Likely (ADX operated, 60% equity interest) Resource Estimate Percentage (mmboe) Discovery Name Hydrocarbon Type Interest ADX estimates Audited mean recoverable contingent sales gas resou
Slide 11: Dougga Appraisal Project
DOUGGA APPRAISAL PROJECT – ADX Operator, 60% equity interest For personal use only Background Gas resource discovered in 1982 with high liquids content and approx 30% CO2 Independently assessed volumes by Tracs in 2011 (post 3D) Gross Contingent Resources (Project) Low Estimate Best Estimate Hig
Slide 12: Dougga Appraisal Project - continued
DOUGGA APPRAISAL PROJECT - continued For personal use only Proximal Tie-in Opportunities – gas hub development Way Forward Undertake further concept engineering to confirm minimum Dougga capex option Continue engagement Dougga with government West Lambouka authorities regarding project facilitat
Slide 13: Kerkouane-1 Discovery: An emerging appraisal opportunity
KERKOUANE-1 DISCOVERY: An emerging appraisal opportunity For personal use only Sidetracked and then P&A in 1981 SURFACE LOCATION KERKOUANE - 1 after massive gas kicks Solvent cut oil shows A’ A (108m Water Depth) Cretaceous Abiod not reached !! Shell has acquired long offset 2D seismic surve
Slide 14: Sicily Channel Exploration Potential
SICILY CHANNEL EXPLORATION POTENTIAL For personal use only Prospect Inventory Combined most likely contingent and prospective resource potential identified on 2D and 3D seismic data: Kerkouane 1.15 billion boe prospective resource potential estimated by ADX Near Term Objectives • Move significant co
Slide 15: Sicily Channel Exploration Potential – 3D Seismic
SICILY CHANNEL EXPLORATION POTENTIAL For personal use only MOST LIKELY PROSPECTIVE RESOURCES - 3D SEISMIC COVERAGE Resource Estimate Prospect Name Status [mmboe] Likely Fluid Drill Deeper - Lambouka-Deep* 126 gas condensate Exploration oil or gas condensate Near Field Dougga West 226 (resource base
Slide 16: Sicily Channel Exploration Potential – 2D Seismic
SICILY CHANNEL EXPLORATION POTENTIAL For personal use only MOST LIKELY PROSPECTIVE RESOURCE – 2D SEISMIC COVERAGE ML Resource Prospect / Lead Name Status [mmboe] Predicted Fluid Type Kerkouane* Appraisal 87 gas condensate Lambouka Overthrust Exploration 17 gas condensate Tazerka - North Exploration
Slide 17: Chorbane Permit
CHORBANE PERMIT – ADX Operator, 40% equity interest For personal use only Exploration Highlights Provides rapid commercialisation potential Large undrilled onshore structures in producing oil and gas province High quality seismic definition available over prospects and leads Short distance a
Slide 18: Chorbane Exploration – Sidi Dhaher drilling operations
CHORBANE EXPLORATION – Sidi Dhaher drilling operations For personal use only 1. Challenger Rig 37 on Sidi Dhaher location, drill pipes in foreground. 2. View from rig floor, desander and degaser units in foreground, green geotextile covered mud pits in mid ground. 3. Radiators for cooling diesel eng
Slide 19: Sidi Dhaher-1 Drilling Status
SIDI DHAHER-1 Drilling Status For personal use only SE SDHR-1 NW Current status: Casing operations Casing Depth: 1001 meters; 13 3/8” EL-G. GAS Target 1: reach late this week: 175 bcf* gas 9 5/8” casing ABIOD OIL 2 Cretaceous oil targets (Abiod, Bireno): BIRENO OIL reach in 12 – 15 days; 44 mmbbls*
Slide 20: Onshore Romania - Pannonian Basin, Parta Block
ONSHORE ROMANIA - Pannonian Basin, Parta Block For personal use only ADX Operator – 60% Interest Highlights Parta Block awarded at 10th bid round in October 2010 Concession agreement signed with NAMR in January 2011 Parta is a prospective permit in a proven and producing hydrocarbon province i
Slide 21: Demerged Gold and Base Metal Assets
DEMERGED GOLD AND BASE METAL ASSETS For personal use only RIEDEL RESOURCES 42.94% interest in issued Share Capital Highlights Listed on the ASX 27 January 2011 (RIE) Competent, independent management and funding to progress asset base High order projects in proven mineralised districts of WA
Slide 22: Near Term Forecast Activities
NEAR TERM FORECAST ACTIVIES For personal use only Sidi Dhaher exploration well - onshore Tunisia SPUDDED 26/8/2011 Multi target Onshore Prospect funded via farmout Dougga appraisal program and Sicily Channel Exploration Program Dougga pre feasibility studies Q3 & Q4 2011 Dougga + Explorati
Slide 23: Disclaimer
DISCLAIMER For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be effected by a variety of variables whic
Slide 24: Contact Us
CONTACT US For personal use only Ian Tchacos Chairman Wolfgang Zimmer Managing Director Paul Fink Technical Director Office Suite 6, Level 2, 11 Ventnor Avenue West Perth, WA, 6005 T: 61 8 9226 2822 F: 61 8 9226 5333 Website www.adxenergy.com.au Email admin@adxenergy.com.au ASX Code ADX