Slide 1: Austin Exploration Limited
Austin Exploration Limited Transitioning into a USA Shale Producer Birch Prospect, Burleson Texas, USA Eagle Ford Shale
Slide 2: Austin Exploration – Restructured & Re-Capitalised
Austin Exploration – Restructured & Re-Capitalised Austin Exploration’s Vision is to build shareholder value via creating a profitable, efficient, environmentally friendly, multibillion dollar international energy company through real economic resource development. Restructured management Team –
Slide 3: Board of Directors
Board of Directors Dominic Pellicano (Chairman of the Board) Mr. Pellicano has been in private practice as a Certified Practicing Accountant (CPA) and has extensive experience in financial management and corporate governance. Mr. Pellicano is recognized by the Melbourne “Fellows” of Business. Mr. Pe
Slide 4: U.S. Projects
U.S. Projects Kentucky Edmonson, County, Park City Field Webster County Louisiana Sebree Field Vernon Parish, Bombing Range Prospect Texas Mississippi Dimmit County, Adams County, Yolanda Villarreal 1-H Ellislie Plantation/Armstrong No. 1 Commencement Prospect
Slide 5: Eagle Ford Shale
Eagle Ford Shale
Slide 6: Burleson County
Eagle Ford Shale Burleson County The Eagle Ford Shale is a hydrocarbon producing formation of significant importance due to its capability of producing both gas and more oil than other traditional shale plays. It contains a much higher carbonate shale percentage, upwards to 70% in south Texas, an
Slide 7: Eagle Ford Shale
Eagle Ford Shale The Eagle Ford Shale is a hydrocarbon producing formation of significant importance due to its capability of producing both gas and more oil than other traditional shale plays. It contains a much higher carbonate shale percentage, upwards to 70% in south Texas, and becomes shall
Slide 8: Birch Prospect – Transaction and Forward Plan
Birch Prospect – Transaction and Forward Plan Transaction Details: 1,566 acres in three “unit-blocks”, located at the town site of Birch in southern Burleson County Texas. Operator of record has negotiated the acquisition of new, 2-year primary term leases on the Birch Prospect acreage. The
Slide 9: Burleson County – Recent/nearby activity
Recent/nearby activity Burleson County Clayton Williams Smalley-Robinson Unit #1, IP=492 BOPD Clayton Williams Apache Wells Broesche Unit #1, IP=234 BOPD N Birch Prospect
Slide 10: Highlights
Highlights Acquired 1566 acres in the Eagle Ford Shale in Burleson County, Texas. Austin Chalk production has been low compared to other Successful Giddings field locations, indicating potential oil and gas at the Eagle Ford shale (source rock). Option to acquire a total of 5,000 acres with le
Slide 11: Highlights-Drilling Permits
Highlights-Drilling Permits
Slide 12: Birch Prospect, Project Terms & Costs
Birch Prospect, Project Terms & Costs Owner Working Net Revenue Interest Interest (WI) (NRI) Aus-Tex Exploration (ATE) 93.5% 70.125% Operator/ Partner 6.5% 4.875% Royalty 0% 25% Total 100% 100% Item Amount(US$) Acquisition $400/acre $ 366,345 Estimated Vertical Well $ 1,674,909 Estimated Horizontal
Slide 13: Birch Prospect – leased acres and main well locations
Birch Prospect – leased acres and 5 main well locations N 1:IP=162 BOPD 3: IP=394 BOPD 2:IP=257 BOPD 5: IP= 456 BOPD 4: IP=267 BOPD
Slide 14: Summary of Well Performance (on/adjacent to acreage)
Summary of Well Performance (on/adjacent to acreage) IP • Flow rates from historic Well Name Formation BOPD MCFGPD vertical wells indicate RIEDEL, B.J. 575 661 Eagle Ford potential for significantly MAGEE, M. 50 15 Austin Chalk increased rates with the BRELSFORD, H.J. 8 1 Austin Chalk employment of
Slide 15: Type Logs
Type Logs KRUEGER, L. #1 At AKK lease RIEDEL, BJ. #1 (IP=575 BOPD) Gonzales County (South West of AKK Lease)
Slide 16: Birch Prospect – Pressure Data
Birch Prospect – Pressure Data From 3 wells mud log data (within AKK lease): CHMELAR, E. . #1A “Gas kick @ 8940’, Increasing Gas @ 9000’, High sustained gas kicks: @9090’-9116’ & @9125’-9140’.” FOJTIK UNIT #1 “Gas kick @ 9075’-9085’, Mud weight 9.4# to 8.7# and 9095’- TD.” RUST #1 “Gas k
Slide 17: Highlights
Highlights` Interpreted thickness of 300 feet in Eagle Ford formation. Eagle Ford Shale is mainly clay-rich limestone with low quartz content making less Brittle than typical shale reservoirs (Barnett), yet with high fracturing capability. Potential IP for horizontal well of > 800 bopd. Cumu
Slide 18: Economic Analysis
Economic Analysis Vertical Well • IP 200 bopd, EUR 80,000 barrels • Well cost USD$1,700,000 • NPV USD$2,000,000 Horizontal Well • IP 800 bopd, EUR 200,000 barrels • Well cost USD$6,900,000 • NPV USD$5,000,000 • Based on 5,000 acres and 160 acre horizontal well spacing there is potential for 32 well
Slide 19: Disclaimer
Disclaimer Certain statements contained in this presentation, including information as to the future financial or operating performance of Austin Exploration Limited and its projects, are forward‐looking statements. Such forward‐looking statements: are necessarily based upon a number of estimate