Axp Energy Limited · ASX:AXP
Axp Energy — Investor Presentation (March 2021)
17 slides from Axp Energy's investor presentation, Mar 11, 2021
Slide 1: Investor Presentation and Webinar (ASX Announcement)
ASX ANNOUNCEMENT 11 March 2021 INVESTOR PRESENTAITON AND WEBINAR Fremont Petroleum Corporation Ltd (ASX: FPL) (‘Fremont’ or ‘the Company’) provides the attached presentation to shareholders to accompany the webinar to be held today 11 March 2021 at 11.30am AEDT. Shareholders and other interested par
Slide 2: Investor Presentation: MHP Acquisition and Growth Strategy
INVESTOR PRESENTATION March 2021 MHP Acquisition and Growth Strategy
Slide 3: Disclaimer
Disclaimer This presentation and any materials provided to the reader (“the Materials”) have been prepared by Fremont Petroleum Corporation Limited (“FPL” or “Company”) and contain general information about FPL’s activities. By accepting the Materials you agree to be bound by the terms and condition
Slide 4: Profitable, highly scalable conventional natural gas business
Profitable, highly scalable conventional natural gas business Portfolio of ~1,300 conventional producing natural gas wells in Kentucky, Virginia and Tennessee – 100% ownership Upside from basic well workover program – 80% of current production is from only ~25% of the wells Quality Assets with h
Slide 5: Profitable, highly scalable conventional natural gas business
Profitable, highly scalable conventional natural gas business Asset regarded as non-core by vendor – FPL has successfully taken advantage of depressed asset prices in USA Transaction summary Extensive due diligence already undertaken - team first commenced negotiations in May 2020 Attractive t
Slide 6: MHP lease overview
MHP lease overview Production: Natural Gas / NGL / Oil 77% gas / 22% NGL / 2% oil Over 95% operated % Avg Working 88% / NRI: 73% Net Acres: 100,000 Lease Pipeline | 5
Slide 7: HQ & Field Operations Images
HQ & Field Operations Images Corporate Headquarters, Lexington, KY Field Office, Coldiron, KY Oil Loading Zone – 1 of 9 Gas Field Compressor Station – 1 of 5 Federal Prison Sales Point DRAFT - FOR PRIVATE USE ONLY | 6
Slide 8: Portfolio of +1,500 wells largely across Illinois & Appalachian Basins
Portfolio of +1,500 wells largely across Illinois & Appalachian Basins DRAFT - FOR PRIVATE USE ONLY | 7
Slide 9: Trey Exploration has compelling upside and it's a huge focus
Trey Exploration has compelling upside and it’s a huge focus Trey Exploration has accumulated some of the most desirable leases in the Illinois Basin covering 4,600 acres No additional drilling is required for production enhancements Overview and rationale Current production is ~90 BOPD with ~
Slide 10: Illinois Basin Stratigraphic Column
Illinois Basin Stratigraphic Column Trey Exploration - Producing Formations Formation Name Lithology Depth (ft) * Biehl Sandstone 1810 Tar Springs Sandstone 1960 Hardinsburg Sandstone 2100 Cypress Sandstone 2290 Benoist Sandstone 2413 Aux Vases Sandstone 2480 O'Hara Limestone 2580 Rosiclare Limeston
Slide 11: Deliverables for the next 90 days
Deliverables for the next 90 days Increase gas and associated NGLs production By 20% from ~8.0 MMcf/day to ~ 9.6 MMcf/day o Basic pipeline repairs and field maintenance; funded from cash flows with gains reported progressively o NGL pricing being renegotiated Increase oil production and capitalise
Slide 12: Fremont's business model
Fremont’s business model ACQUIRE ENHANCE PRODUCE LOW COST, LOW LOW COST, COST RIGOROUS FIELD OPPORTUNISTIC EE & WELL OPPORTUNISTIC WORKOVERS E DEVELOPMENT ACQISITIONS ACQISITIONS ENHANCEMENT PLANNING • Long life, low decline • Tried & tested • Optimized & efficient fields stimulation methods product
Slide 13: Appendices
FREMONT PETROLEUM CORPORATION Appendices
Slide 14: Capital Structure
Capital Structure ASX code Shares on issue 4,678,512,520 $0.003 options (expiring Sept + Nov 2021) 996,666,664 $0.005 options (subject to shareholder approval) 300,000,000 Market capitalization @$0.004 ~A$23M 52 week high – low .002c to .006c Top 20 shareholders 66% Board & Management ~12% Board & M
Slide 15: Energy Markets – US Gas Outlook
Energy Markets – US Gas Outlook(1) DEMAND Total natural gas consumption in February was the highest on record, at 111.8 Bcf/d, due to the cold weather across much of the U.S. EIA expects that U.S. consumption of natural gas will average 82.5 billion cubic feet per day (Bcf/d) in 2021, down only
Slide 16: Energy Markets – Global Oil Outlook
Energy Markets – Global Oil Outlook(1) SUPPLY & DEMAND EIA estimates that the world consumed 95.9 million b/d of petroleum and liquid fuels in February, which is down 1.6 million b/d from February 2020. This would represent the smallest year-on-year decline since the COVID-19 outbreak began affect
Slide 17: Corporate Information
Corporate Information Fremont Petroleum Corporation Limited www.fremontpetroleum.com AUSTRALIAN OFFICE SAM JARVIS Suite 302, Level 3 Non-Executive Director 17 Castlereagh +61 (0)418 165 686 Sydney NSW 2000 Australia TIM HART + 61 (0)2 9299 9580 Chief Executive Officer +1 (303) 999-5420 Statements ma