An Emerging Oil & Gas Producer g g Investor Presentation Investor Presentation May 2009 Daniel Lanskeyy Managing Director
INTRODUCTION May 2009 Investor Presentation AUSTEX OIL OBJECTIVES ASX code AOK Listing date 7 January 2008 Become a significant USbased onshore oil and Ordinary Shares on Issue (m) 125.7 gas producer Options (40c strike price,…
COMPANY STRUCTURE May 2009 Investor Presentation AusTex Oil Limited (ASX Code AOK) International Energy Corp International Energy Corp ((Oklahoma)) ((Kansas)) Oil d G A t Oil and Gas Assets Oil and Gas Assets Oil and Gas…
COMPANY STRATEGY May 2009 Investor Presentation Acquire, rework and enhance oil fields with proven reserves onshore USA Participation through local operators with track record and operational expertise Oklahoma 100% owned…
HIGHLIGHTS SINCE LISTING May 2009 Investor Presentation AUSTEX IS NOW AN OIL & GAS PRODUCER A20m raised via listing on ASX in January 2008 Increased US Acreage from around 1,000 acres to approximately 32,000 acres Oklahoma Lease…
BOARD AND MANAGEMENT TEAM May 2009 Investor Presentation Dr Peter Power 40 years experience in hydrocarbon exploration worldwide. N E Non Executive Chairman ti Ch i Senior management positions with majors including MD of Ampolex Ltd…
BOARD AND MANAGEMENT TEAM (CONTD) May 2009 Investor Presentation Kay Philip Geophysicist with extensive experience in project acquisition and financial analysis of resources Non Executive Director projects. Australia Honorary…
USA TECHNICAL TEAM May 2009 Investor Presentation John Durkee Over 20 years onshore oil & gas experience. Petroleum Engineer USA Technical Team Registered Professional Engineer, Petroleum Engineering, Oklahoma 14881. Tulsa…
AUSTEXS PROJECTS May 2009 Investor Presentation INCREASING PRODUCTION IN TWO STATES 1. Oklahoma Six lease locations Long term lease positions Held by production I fill/d l Infill/development plan t l AusTex Oil as operator…
RESERVE POSITION MARCH 2009 May 2009 Investor Presentation CLASSIFICATION OIL (BO) OIL (BO) GAS (Mcf) GAS (Mcf) BOE (BOE) BOE (BOE) 1P 5,596,580 111,120 5,607,692 2P 7,388,682 276,833 7,416,365 3P 13,657,538 4,313,935…
RADIAL JETTING TECHNOLOGY May 2009 Investor Presentation Patented, proven, commercialized (SPE 68504 March 2001) Texas Kentucky Louisiana Kansas Oklahoma Texas, Kentucky, Louisiana, Kansas, Oklahoma Key features One inch…
OKLAHOMA PROJECT OVERVIEW May 2009 Investor Presentation AUSTEX OIL Project Area: 1,500 acres Ownership: Up to 100% WI (Up to 84% NRI) Held by production Held by production Target: Conventional oil & gas Coal Seam Gas & Shale…
OKLAHOMA PROJECT OVERVIEW (CONTD) May 2009 Investor Presentation MULTIPLE PROVEN PAY ZONES COMPLETION PREREQUISITES DEV. WELLS Historical production predominately from Reservoir management and regulatory shallow Pennsylvanian…
OKLAHOMA LANCASTER LEASE May 2009 Investor Presentation LANCASTER LEASE, TULSA COUNTY 610 ACRES (100% WI, 81.25% NRI) Four wells completed for production during 4Q 2008 First gas sales April 2009 Completion of lease infrastructure…
OKLAHOMA SWEET LEASE May 2009 Investor Presentation SWEET LEASE, PAWNEE COUNTY 240 ACRES (WI = 100%, NRI = 82.5%) Drilling program commenced September 2008 with two FORMATION NAME APPROX. TOP OF ZONE wells completed for production…
OKLAHOMA SWEET LEASE May 2009 Investor Presentation 1. Environmental compliance 2. OCC regulatory body OCC regulatory body 3. Power supply upgraded 17
OKLAHOMA BLUEHAWK LEASE May 2009 Investor Presentation BLUEHAWK LEASE, OSAGE COUNTY 160 ACRES (50% WI, 42.5% NRI) Gas discovery well completed for production in March Q 2009 Pipeline under construction 1.5 miles to sales point…
KANSAS PROJECT OVERVIEW May 2009 Investor Presentation KEY STATISTICS Project Area: 30,000 acres Ownership: up to 50% WI up to NRI 42.25% Target: Conventional oil and gas Production: 40 BO per day Total Reserves (2P):…
KANSAS COOPER PROJECT May 2009 Investor Presentation COOPER LEASE, SHERIDAN COUNTY 26,500 ACRES (50% WI, 42.25% NRI) Completed Lease Acquisitions during 2008 3D Seismic 2H 2008 42 prospects identified Multiple well sites if oil…
KANSAS BELTZ PROJECT May 2009 Investor Presentation BELTZ PROJECT, NESS COUNTY 160 ACRES (40% WI, 33.8% NRI) Radial Jetting Technology success Drilled by well known local operator and declared y p uneconomical Laterals in…
SCHEDULE OF ACTIVITY May 2009 Investor Presentation Location Calendar Year 2008 Mar09 Jun09 Sep09 Dec09 Oklahoma 6 Production Wells 3 Production Wells 1 Disposal Well Completions and Stimulation Multiple Zones Kansas Acquisitions…
INVESTMENT CASE May 2009 Investor Presentation On track to becoming an independent oil and gas producer Simple business model ready access to oil and gas market Simple business model ready access to oil and gas market 5.8m…
An emerging oil and gas producer May 2009 Investor Presentation www.austexoil.com 24 24
May 2009 Investor Presentation APPENDICES 25 25
LEASE HOLDING SUMMARY May 2009 Investor Presentation Austexs oil and gas footprint has increased from around 1,000 to approximately 32,000 acres LEASE NAME ACREAGE WI NRI COUNTY Lancaster and environs 610 100% 81.25% Tulsa, OK…
COMPETENT PERSONS STATEMENT May 2009 Investor Presentation Co pete t e so State e t: The estimates of oil and gas reserves have been prepared by Bruce A. Competent Person Statement: e est ates o o a d gas ese es a e bee p epa ed by…
BACKGROUND MID CONTINENT May 2009 Investor Presentation Politically stable environment to conduct business Multiple oil and gas leases available Multiple oil and gas leases available Attractive terms of business…
Background MidContinent May 2009 Investor Presentation Oklahoma One of USAs oldest and richest oil producing provinces 20 000 producing oil wells shut in 1990s 20,000 producing oil wells shut in 1990s Many still with existing…
COAL BED METHANE BASINS May 2009 Investor Presentation 31 31
GEOLOGY OF KANSAS May 2009 Investor Presentation 32 32
LANCASTER LEASE May 2009 Investor Presentation 33
NEW TECHNOLOGY IN OLD OIL FIELDS May 2009 Investor Presentation 34
TULSA OFFICE May 2009 Investor Presentation 35 35
KANSAS New Opportunities May 2009 Investor Presentation 36 36
CORPORATE AND CONTACT DETAILS May 2009 Investor Presentation AusTex Oil Limited us e O ted Australia ust a a International Energy Corporation te at o a e gy Co po at o US USA Level 57, MLC Centre, 1801 East 71st Street, 19…
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