Axp Energy Limited · ASX:AXP
Axp Energy — Q2 2021 Earnings Presentation
12 slides from Axp Energy's earnings presentation, Jul 28, 2021
Slide 1: Quarterly Update Webinar
QUARTERLY UPDATE WEBINAR 28 July 2021
Slide 2: Disclaimer
Disclaimer This presentation and any materials provided to the reader (“the Materials”) have been prepared by AXP Energy Limited (“AXP” or “Company”) and contain general information about FPL’s activities. By accepting the Materials you agree to be bound by the terms and conditions below. The Materi
Slide 3: Quarterly Summary
Quarterly Summary QUARTERLY NET REVENUE BY HYDROCARBON § Quarterly Net Revenue $4,386,654 (prior Quarter $1,730,518) § Net customer receipts $3,733,924 (prior Quarter $1,880,643) § 24,584 BBL sold (prior Quarter 12,894 BBL) § Inventory at 23,215 BBL at Quarter end § Gas sales of 694 Mcf and NGL sale
Slide 4: Quarterly Summary: Monthly Net Revenue
Quarterly Summary MONTHLY NET REVENUE [$ ‘000] TOP LINE (REVENUE) 1600 1400 § Gas & NGL sales were pressured due to external factors – 1200 1000 more upside as stability returns 800 § Oil revenue tripled through the quarter – growth in monthly 600 400 production is a key focus 200 IMPROVING THE COST
Slide 5: Quarterly Production Summary
Quarterly Production Summary DAILY PRODUCTION WITH WEEKLY AVERAGES BY HYDROCARBON (BOEPD) 2,500 2,300 2,000 Rogersville plant intermittent Offtake Enbridge lateral Enbridge lateral shutdowns (gas) outage (gas) downtime (gas) Ongoing refinery downtime (gas) shutdowns (oil) 1,500 1,000 500 0 W/E W/E W
Slide 6: Current Well Status
Current Well Status MHP TREY CO KY JV TOTAL PRODUCING 893 75 19 22 1,009 TO BE CONNECTED 145 3 5 22 175 UNDER REVIEW 75 30 1 5 111 P&A 140 11 3 11 165 TOTAL 1,253 119 28 60 1,460 § 175 wells temporarily offline and to be reconnected in coming quarters § A further 111 wells are being reviewed and wil
Slide 7: Production Enhancement Program (Internally Funded)
Production Enhancement Program (Internally Funded) 2021 PRODUCTION ENHANCEMENTS JUL (F) AUG (F) SEP (F) OCT (F) NOV (F) DEC (F) 1 KAYJAY PIPELINE UPGRADE - 31 WELL TIE-IN 6 WELLS 6 WELLS 6 WELLS 8 WELLS PHASE 3 WORKOVER PROGRAM (129 WELLS) 7 WELLS 15 WELLS 15 WELLS 15 WELLS 15 WELLS § The initial pr
Slide 8: KayJay Pipeline Project
KayJay Pipeline Project One of several small, self funded projects that the company is undertaking § 31 wells – Offline since 2016 Delta Sales Point § Tying raw gas into existing sales channel (Delta) at -U$0.28 differential § 22,000’ pipeline being laid § Over 50% complete – expected completion Sep
Slide 9: Driving Top Line Growth & Improving Margins
Driving Top Line Growth & Improving Margins CHALLENGE / INITIATIVE ISSUE & APPROACH STATUS Ergon refinery operating at 50% capacity for 60 days to date during the quarter. We REFINERY SHUT-INS have established a backup sales point and procured our own transport vehicles to Reducing mitigate this ris
Slide 10: Our Business Model
Our Business Model ACQUIRE ENHANCE PRODUCE LOW COST, LOW LOW COST, COST RIGOROUS FIELD OPPORTUNISTIC EE & WELL OPPORTUNISTIC WORKOVERS E DEVELOPMENT ACQUISITIONS ACQISITIONS ENHANCEMENT PLANNING • Neglected assets • Extreme cost discipline • Optimized & efficient and CAPEX gating production • Buildi
Slide 11: AXP Energy Limited
AXP ENERGY LIMITED www.axpenergy.com USA HEADQUARTERS AUSTRALIAN OFFICE SIMON JOHNSON Suite 120 Suite 302, Level 3 Non-Executive Chairman 120 Prosperous Place 17 Castlereagh +61 (0)417 478 818 Lexington, Kentucky 40509 Sydney NSW 2000 USA AUSTRALIA SAM JARVIS Non-Executive Director +1 (859) 263 3948
Slide 12: Thank You
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