Slide 1: Acquisition of Queensland Gas Asset
For personal use only Acquisition of Queensland Gas Asset 29 August 2022 ASX:EXR
Slide 2: Acquisition of Queensland Gas Asset
Acquisition of Queensland Gas Asset • Elixir has executed Agreements to purchase 100% of EnergyCapture Pty Ltd For personal use only • This company is a special purpose vehicle that owns 100% of Queensland gas exploration permit ATP 2044 – a 1,000 square kilometre tenement • ATP 2044 is not subject
Slide 3: Deal Highlights
Deal Highlights For personal use only Acquisition of 100% of large Quick access to high priced Highly opportune purchase permit located close to East Australian – and given global energy market Wallumbilla hub international – gas markets dynamics Very strong neighbours and High impact drilling plann
Slide 4: Current Global Gas Market Dynamics
Current Global Gas Market Dynamics For personal use only TTF price of US$94 JKM price of US$70 • LNG flows to Europe, from Australia LNG flows to Europe, • Current trading from Australia, post partners Ukraine war – potential future market TTF and JKM prices quoted are in MMbtu
Slide 5: Regional Location
Regional Location Area of 1,000 km2 For personal use only located approximately 35km away from critical gas transmission infrastructure Connected to international markets Spot price of A$19/GJ Primary objectives are Permian aged sandstones and coals, with a globally relevant prospective gas resource
Slide 6: Adjacent to existing and proposed pipelines
Adjacent to existing and proposed pipelines For personal use only
Slide 7: ESG Friendly (for investors and industry players)
ESG Friendly (for investors and industry players) For personal use only “It is true that we have to replace • Gas from this project can reach world Russian oil and gas… markets quickly via Gladstone ..This can be done with the existing • The Taroom Trough contains oil and gas resources in the world…
Slide 8: Access to International Markets
Access to International Markets Elixir considers that the Taroom Trough is one of a handful of low risk locations in For personal use only the world with access to spare liquefaction plant capacity Total Gladstone LNG Ullage “I will once again firmly request the United States, 1,600 a major global L
Slide 9: East Coast Gas Market Dynamics
East Coast Gas Market Dynamics The ACCC has recently highlighted the need for new (or diverted from export) For personal use only East Coast gas supplies • The recently released ACCC Gas Enquiry Report highlighted potential material – and growing - shortfalls of gas supplies to Australia’s East Coas
Slide 10: Prospectivity of ATP 2044, Taroom Trough
Prospectivity of ATP 2044, Taroom Trough For personal use only • ATP 2044 is prospective for: 1.Tight sandstones in a range of stratigraphic and unconventional traps 2.Deep fractured thermal coal • The Taroom Trough is geologically distinct from other Permian sediments in Australia: 1.Significantly
Slide 11: Existing Gas Flows
Existing Gas Flows • Previous drilling by BG Group (now Shell) at For personal use only Daydream-1 proved BCG play concept, 2 km west of permit ATP 2044 • Well flowed an instantaneous rate of 3.5 1,000 km2 MMcfpd from an interval covering 1/10th of the gross prospective reservoir section Gas flow of
Slide 12: Material Prospective Resources
Material Prospective Resources For personal use only Notes to Table: 1. Prospective Resources are those estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) related to undiscovered accumulations. These estimates have both an associ
Slide 13: In Summary
In Summary ✓ Large scale gas asset with access to local For personal use only and international gas markets ✓ Considerable in-house expertise of play and region ✓ Perfect timing to mature another gas play given the current global energy market dynamics ✓ International and Australian majors An addres
Slide 14: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only This document has been prepared by Elixir Energy 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 providin
Slide 15: Appendix: Methodology and Competent Person
Appendix Methodology: For personal use only The estimate of Prospective Resource was compiled by Elixir’s Chief Geoscientist, Mr Greg Channon, who has completed a detailed and formal report on the prospective resources in ATP 2044. The work was undertaken in accordance with the Society of Petroleum
Slide 16: Investors & Media
For personal use only INVESTORS & MEDIA Neil Young Managing Director info@elixirenergy.com.au Phone +61 8 7079 5610 www.elixirenergy.com.au www.elixirenergy.com.au