Adx Energy Ltd · ASX:ADX
Adx Energy — Investor Presentation (October 2019)
22 slides from Adx Energy's investor presentation, Oct 2, 2019
Slide 1: ASX Release: Retraction of ASX Releases Information
ASX Release 2 October 2019 RETRACTION OF ASX RELEASES INFORMATION ADX refers to the following announcements to the Australian Securities Exchange (“ASX”); • GoodOil Conference Presentation dated 13 September 2019 • Iecea Mica-1 Results and Operational Update dated 9 September 2019 • Austrian Product
Slide 2: Retraction of ASX Releases Information (continued)
material assumptions supporting the calculation of NPV and EMV ADX has been advised by the ASX that the ASX considers this information to not be in accordance with ASX Listing Rules. ADX accepts the ASX view that it did not have a reasonable basis to disclose the above information and accordingly re
Slide 3: ADX Energy Ltd: A European Focused Producer, Developer and Explorer
ADX Energy Ltd A European Focused Producer, Developer and Explorer Ian Tchacos Executive Chairman October 2019 “We are transforming our business to become a leading onshore European producer and explorer focussing on rapid returns on investment and cashflow growth”
Slide 4: Disclaimer Statement (1)
Company Update - October 2019 Disclaimer Statement (1) This document has been prepared by ADX Energy Ltd for the purpose of providing information regarding the RAG production asset acquisition to interested analysts/investors and shareholders. Any statements, opinions, projections, forecasts or othe
Slide 5: Disclaimer Statement (2)
Company Update - October 2019 Disclaimer Statement (2) PRMS Reserves Classifications used in this Report Developed Reserves are quantities expected to be recovered from existing wells and facilities. Developed Producing Reserves are expected to be recovered from completion intervals that are open an
Slide 6: Company Overview
Company Update - October 2019 Company Overview A European Focused Producer, Developer and Explorer ASX Code ADX Zistersdorf & Gaiselberg Field & 1,232 Shares on Issue Upper Austria million Exploration No of Shareholders 2,545 100% Equity Market Cap @ 1.2 cents $ 14.8 mill Iecea Mare Production Licen
Slide 7: Recent Activities: Summary of Current Status of Asset Base
Company Update - October 2019 Recent Activities Summary of Current Status of Asset Base Romania Drilling Success (Refer ADX Release dated 9/9/2019) ➢ Successful Parta Appraisal Well onshore Romania ▪ 20 BCF 2C Contingent Resource >> Meaningful Cash Flow & Value potential ➢ Farmout of Surrounding Par
Slide 8: Parta Appraisal Program & Parta Exploration
Company Update - October 2019 Parta Appraisal Program & Parta Exploration Summary of Asset & Activities Asset Summary Sole Risk Area: IECEA MARE 19.4 km² ➢ ADX Operates and holds 58% interest in the Iecea Mare Production Concession Production License and Parta Exploration License ➢ Parta Appraisal P
Slide 9: Parta Appraisal Program: Iecea Mica-1 Drilling Results to Date
Company Update - October 2019 Parta Appraisal Program Iecea Mica – 1 Drilling Results to Date Drilling Results (Refer ADX Release dated 9/9/2019) Iecea Mica 1 well ➢ 20 Bcf (2C) resources in 3 sands exceeds pre drill expectation with electric line logging further large stratigraphic upside potential
Slide 10: Austrian Production Acquisition: RAG Asset Acquisition Transaction Overview
Company Update - October 2019 Austrian Production Acquisition RAG Asset Acquisition - Transaction Overview Deal Summary Zistersdorf & Gaiselberg Fields Zistersdorf & Gaiselberg Fields (Vienna Basin) (Vienna Basin) ➢ 100% interest in producing oil fields for €4million @ 1/1/2019 Exploration Rights ➢
Slide 11: Austrian Production Acquisition: Zistersdorf & Gaiselberg Oil Field
Company Update - October 2019 Austrian Production Acquisition Zistersdorf & Gaiselberg Oil Field – Vienna Basin Stable production with low decline rate ( 2% per annum) ➢Long lived cash flow and excellent facilities position ➢Efficient operations and low unit operating cost ➢High value oil trading at
Slide 12: Austrian Production Acquisition: Facilities Summary
Company Update - October 2019 Austrian Production Acquisition Zistersdorf & Gaiselberg Oil Field – Vienna Basin FACILITIES SUMMARY (Boutique Oil Field) ➢ Wells – 34 production, 14 injection ➢ Production Facilities (up to 4000BOPD) ➢ Pipelines (gas to network and oil to Refinery) ➢ Land included (31
Slide 13: Austrian Exploration Transaction
Company Update - October 2019 Austrian Exploration Transaction Data Agreement & Acreage Access – Walk in Exploration Portfolio • Multiple Prospects & leads shown as green or red circles 3650 km2 3D • Prospects with black dots have seismic surround Drill Ready Exploration been permitted with well sit
Slide 14: Austrian Production & Exploration Transaction: Multiple Layers of Value
Company Update - October 2019 Austrian Production & Exploration Transaction Multiple Layers of Value Available “A Game Changer - Providing ADX with a break through position in the Austrian E & P sector and multiple value development Opportunities“ High Impact Low Risk, Step out Exploration Explorati
Slide 15: RAG Assets: Value Development Potential Key Assumptions
Company Update - October 2019 RAG Assets – Value Development Potential Key Assumptions Z&G Developed Z&G Infill Drilling Z&G field - Flysch Low risk, step out High Impact Exploration Production reservoir development exploration Recoverable 1.0 mmboe 0.5 mmboe 8.5 mmboe 62 mmboe 1,278 mmboe Volumes i
Slide 16: Impact of RAG Assets on the ADX Business
Company Update - October 2019 Impact of RAG Assets on ADX the Business Opportunistic appraisal Proactive production, exploration company heavily reliant on and development Company with farmouts & new equity access to cash flow and debt The RAG Assets are a Break Through Opportunity ➢ Sustainable lon
Slide 17: Additional Information: RAG Austria Asset Acquisition
Additional Information RAG AUSTRIA Asset Acquisition
Slide 18: Zistersdorf & Gaiselberg Oil Fields Summary
Company Update - October 2019 Zistersdorf & Gaiselberg Oil Fields Summary Mature production with very low decline rate (approx. 2% per annum) ➢Highly optimised, automated and well-maintained production facilities. ➢Efficient and low unit operating cost of $32/bbl ➢High value oil trading at 8% discou
Slide 19: Flysch Potential Z & G Fields: Contingent Resource in Proven Reservoir
Company Update - October 2019 Flysch Potential Z & G Fields – Contingent Resource in Proven Reservoir Large Contingent Resources underlying Z & G reservoirs ➢Already in production from 5 wells within the Z & G licences ➢Low permeability reservoir needing high density wells but extensive, shallow and
Slide 20: Step-out, Low Risk Exploration (available post Jan 2020)
Company Update - October 2019 Step-out, Low Risk Exploration (available post Jan 2020) Step-outs from existing RAG producing fields 3D Appraisal with POS >45%: 11 mmboe Best Appraisal or Satellite Prospect Liquid Play ➢Mix of low risk appraisal and exploration with high POS 20%-50% mmboe 1 WMB3 Gas
Slide 21: High Impact Exploration Example: Up dip from historic discovery
Company Update - October 2019 High Impact Exploration Example – Up dip from historic discovery Proven hydrocarbon system in thrust sheets of Northern Walchau Gas Lead 650 Bsf Unrisked Best Calcareous Alps (NCA) Case Prospective ➢Play proven with 1980s wells testing gas @ 1.7mmscf/d Resource ➢2D seis
Slide 22: Thanks for your attention!
Company Update - October 2019 If you would like to know more? Executive Chairman: Ian Tchacos emails: ian.tchacos@adxenergy.com.au Chief Executive: Paul Fink email: Paul.Fink@adx-energy.com Finance Manager and Company Secretary: Amanda Sparks emails: amanda.sparks@adxenergy.com.au Thanks for your at