Stonehorse Energy Ltd · ASX:SHE
Stonehorse Energy — Investor Presentation (June 2022)
19 slides from Stonehorse Energy's investor presentation, June 2022
Slide 1: Direct Investment in Oil and Gas Production
DIRECT INVESTMENT IN OIL AND GAS PRODUCTION JUNE 2022
Slide 2: Disclaimer
Disclaimer This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions, which are outside the control of Stonehorse Energy Limited (“Stonehorse Energy” or “the Company”). These risks, uncertainties
Slide 3: Energy: Who | What | Why | How
ENERGY WHO | WHAT | WHY | HOW
Slide 4: Who We Are
WHO | WE ARE Energy asset investment company listed on the ASX (SHE). Shareholders are predominately high net worth (HNW) looking for cash accretive investments that deliver a strong return. Fiscally conservative with no debt and low operating and corporate overheads. Focus investments in geopolitic
Slide 5: Australian ASX Listed Oil and Gas Investment Company
WHO | AUSTRALIAN ASX LISTED OIL AND GAS INVESTMENT COMPANY SHARE PRICE PERORMANCE CAPITAL STRUCTURE $0.04 40.0 SHE $8.0M $0.03 35.0 30.0 Share Price (A$/share) $0.03 25.0 ASX CODE CASH & EQUIVALENTS Volume (m) $0.02 20.0 (31 MARCH 2022) $0.02 15.0 $0.01 10.0 $0.01 5.0 $- - $15.1M 684.4M MARKET CAP S
Slide 6: What We Do
WHAT | WE DO Invest in producing and Take non-operated Retain exposure to Cash accretive and low-risk “drill ready” oil working interests commodity prices with non-dilutive, with & gas wells in locations meeting risk and sales unhedged into the re-investment of with collection and return hurdles ter
Slide 7: Hold Working Interests in Producing Wells in Australia and the United States
WHAT | HOLD WORKING INTERESTS IN PRODUCING WELLS IN AUSTRALIA AND THE UNITED STATES ASSET LOCATION WI% Jewell Carter, OK 41.5% Myall Creek Surat Basin, QLD 25% Bullard Garvin, OK 15.5% Thelma Murray, OK 50% Sutton Hansford, TX 25% Burgess Ellis, OK 96.81% Henry Federal Blaine, OK 2.3% Newberry Carte
Slide 8: Why We Do It
WHY | WE DO IT Hydrocarbons will continue to be a significant and critical part of the global energy equation Targeted investment in de-risked projects delivers attractive returns with short payback periods and long-term revenue streams Recent and continuing global supply shocks forecast to support
Slide 9: Projected 50% Increase in World Energy Use by 2050
WHY | PROJECTED 50% INCREASE IN WORLD ENERGY USE BY 2050 9
Slide 10: Step Change in Commodity Prices Due to Supply and Demand Impacts
WHY | STEP CHANGE IN COMMODITY PRICES DUE TO IMPACTS ON BOTH SUPPLY AND DEMAND SIDE WTI CRUDE (JULY CONTRACT) US$/bbl NATURAL GAS US$/MMBtu Source: www.oilprice.com 10
Slide 11: How We Do It
HOW | WE DO IT Exploitation not exploration - identify well funded projects in known hydrocarbon provinces with high levels of production history & well control. Target low-medium risk opportunities with short time to production and payback and strong long-term cashflows. Partner with highly experie
Slide 12: Exploitation Not Exploration
HOW | EXPLOITATION NOT EXPLORATION Image of the Jewell well during completion operations in Sept 2021 12
Slide 13: Current Projects and Metrics
HOW | CURRENT PROJECTS AND METRICS Jewell Stonehorse Working Interest: 41.5% IP30 ~1,604 BOE per day Production to date (100%) 302,000 BOE Capital (US million) (100%) $10.0 Est ultimate recovery BOE (100%) 1,800,000 Net Cashflow (US million) $40.0 NPV10 (US million) $26.0 IRR 140% Payback (months of
Slide 14: Current Projects and Metrics
HOW | CURRENT PROJECTS AND METRICS • Funding partners fund costs associated with the Joint Venture (acquisition and workover costs) on a 50/50 basis • Focus on Natural Gas weighted production from vertical well with low terminal declines and significant remaining economic life • Opportunity for mate
Slide 15: New Project Development Opportunities
HOW | NEW PROJECT DEVELOPMENT OPPORTUNITIES Examples of modelled forecast financial metrics associated with Louisiana well bore investment opportunities. WELL #1 WELL #2 Available Working Interest: 90% Available Working Interest: 90% Risk Capital (US million) $8.0.0 Risk Capital (US million)
Slide 16: Strong Production Performance Supported by Commodity Prices
HOW | STRONG PRODUCTION PERFORMANCE SUPPORTED BY COMMODITY PRICES Projected Barrels of oil equivalent (by well) 35,000 1,200 30,000 1,000 25,000 800 BOE per month BOE per day 20,000 600 15,000 400 10,000 200 5,000 - - Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-2
Slide 17: Low Operating Costs and Corporate Overheads Delivering Strong Profit Margins
HOW | LOW OPERATING COSTS AND CORPORATE OVERHEADS DELIVERING STRONG PROFIT MARGINS Corporate overhead as a % of net operating revenue Revenue Vs Cost Peer comparison (Quarterly results) A 000’s Data collected from most recent publicly available financial reports 17
Slide 18: Why Invest in Stonehorse Energy?
WHY INVEST IN STONEHORSE ENERGY? Leverage to numerous Minimising shareholder Quality operator partners. dilution and maximising operating oil & gas wells De-risked with focus on returns through reinvestment providing exposure to oil exploitation not exploration into quality projects and gas price. 1
Slide 19: Contact Us
CONTACT US DAVID DELOUB EXECUTIVE DIRECTOR E: DAVID@STONEHORSEENERGY.COM T: 0437 988 502 MEDIA AND BROKER ENQUIRIES: ANDREW ROWELL WHITE NOISE COMMUNICATIONS E: ANDREW@WHITENOISECOMMS.COM T: 0400 466 226 19
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