An Emerging Oil & Gas Producer ASX:AOK AOKO Investor Update July 2010
CORPORATE OVERVIEW JULY 2010 Investor Update AUSTEX OIL OBJECTIVES ASX code AOK Become a significant US-based on-shore oil and Ordinary Shares on Issue (m) 203.3 gas producer Options on issue (m) Grow production Target 1000…
Company Structure JULY 2010 Investor Update AusTex Oil Limited (ASX Code AOK) International Energy Corp International Energy Corp (Oklahoma) (Kansas) Oil and Gas Assets Oil and Gas Assets Oklahoma Kansas Well…
QUARTERLY REVENUE RESULTS JULY 2010 Investor Update 1.5 1.39 1.3 1.1 0.9 0.7 0.68 Gross Sales in AU million 0.5 0.356 0.3 0.188 0.1 -0.1 Sept Qtr Dec Qtr Mar Qtr June Qtr 2009 2009 2010 2010 5 5
Board and Management Team JULY 2010 Investor Update Dr Peter Power 40 years experience in hydrocarbon exploration worldwide. Non Executive Chairman Senior management positions with majors including MD of Ampolex Ltd prior to its…
Board and Management Team (CONTD) JULY 2010 Investor Update Kay Philip Geophysicist with extensive experience in project acquisition and financial analysis of resources Non Executive Director projects. Australia Honorary Associate…
USA Technical Team JULY 2010 Investor Update Ron Link Over 35 years USA oil and gas experience. Petroleum Engineer Team USA Technical Consulted in virtually all oil producing states in the USA. Tulsa Previously with Arco…
Review of Operations JULY 2010 Investor Update US Acreage 70,000 acres in two States 100% Revenue Growth - June Quarter Two Distinct Asset Types Oklahoma Owner/Operator - Developing proven producing leases Proven Producing…
Project Locations JULY 2010 Investor Update PRODUCTION IN TWO STATES 10 10
OKLAHOMA SNAPSHOT JULY 2010 Investor Update 11 11
TULSA COUNTY TRENDS JULY 2010 Investor Update Lancaster Lease Area 12 12
LANCASTER LEASE GROUP JULY 2010 Investor Update 13 13
WEST - EAST CROSS SECTION JULY 2010 Investor Update 14 14
NORTH SOUTH CROSS SECTION JULY 2010 Investor Update 15 15
GEOLOGIC STRATIGRAPHIC SECTION JULY 2010 Investor Update Conventional Zones 16 16
LANCASTER LEASE GROUP OVERVIEW JULY 2010 Investor Update Well Name Formation Type Status Mayo Moore 1 Red Fork Oil/Gas Producing Mayo Moore 2 Red Fork Oil/Gas Producing Mayo Moore 3 Red Fork Injector Operating Mayo Moore 4 Red Fork…
LANCASTER LEASE GROUP DEVELOPMENT JULY 2010 Investor Update Engineering Review Encountered Virgin Reservoirs Oil and Gas Displaced to surface IP 80 BOPD + Red Fork/Tanaha Formations Gas Drive Reservoir 600 PSI + closed in…
Oklahoma Sweet Lease Group JULY 2010 Investor Update PAWNEE COUNTY 400 ACRES (WI = 100%, NRI = 84%) Drilling program commenced September 2008 with two wells completed for production Multiple zones behind pipe Acreage pooling…
OKLAHOMA - TONKAWA EAST UNIT JULY 2010 Investor Update KAY COUNTY 907 ACRES (WI = 100%, NRI = 81.25%) (Conditional Agreement) 907 acres Held by Production Cumulative production 3.5 million barrels of oil 23 Identified infill…
TONKOWA REGIONAL HORIZONTAL ACTIVITY JULY 2010 Investor Update 21 21
TONKAWA EAST UNIT KAY COUNTY JULY 2010 Investor Update 22 22
TONKAWA CROSS SECTION JULY 2010 Investor Update Indicott Lovell Sand 2700 (-1600) Tonkowa Perry 3200 (-2300) Layton 3800 (-2800) Cleveland 4100 (-3200) Skinner RedFork 4400 (-3400) Miss Chat Mississippi…
KAY COUNTY STRATIGRAPHICAL COLUMN JULY 2010 Investor Update 24 24
Kansas Project Overview JULY 2010 Investor Update Jewel KEY STATISTICS Project Area: 67,500 acres Ownership: up to 53% WI up to 46% NRI Target: Conventional oil and gas Production: 100 BOPD net AOK Total Reserves (2P): 550,000…
Kansas Cooper Project JULY 2010 Investor Update COOPER LEASE, SHERIDAN COUNTY - 26,500 ACRES (53% WI, 46% NRI) Completed Lease Acquisitions during 2008 3D Seismic 2H 2008 20 plus prospects identified Multiple well sites if oil…
COOPER PROJECT CLARK LOCATIONS JULY 2010 Investor Update 27 27
STRATAGRAPHIC COLUMN - KANSAS JULY 2010 Investor Update 28 28
CLARK DISCOVERY JULY 2010 Investor Update Clark 1 Producing Clark Tank Battery Clark 5 Completion 29 29
Upcoming Activity JULY 2010 Investor Update Location Sep-10 Dec-10 Mar-11 Jun-11 Oklahoma Lancaster Group Development Sweet Lease Development Tonkawa Recompletions Horizontal Wells Kansas Cooper completions and drilling 30…
RESERVE POSITION - MARCH 2009 JULY 2010 Investor Update CLASSIFICATION OIL (BO) GAS (Mcf) 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 14,088,930 Petroleum Resources Management…
Summary JULY 2010 Investor Update On track to becoming an independent oil and gas producer 2 years young Simple business model ready access to oil and gas market Demonstrated sales growth 100% June Quarter A5.4m Cash as at 30…
An Emerging Oil and Gas Producer JULY 2010 Investor Update www.austexoil.com www.austexoil.com 33 33
JULY 2010 Investor Update APPENDICES 34 34
Company Strategy JULY 2010 Investor Update Acquire, rework and enhance oil fields with proven reserves onshore USA Participation through local operators with track record and operational expertise Oklahoma 100% owned International…
TOP 20 SHAREHOLDERS JULY 2010 Investor Update Holder Name Balance at 15-7-2010 % MR RICHARD A ADREY 10,618,086 5.223 PHESOJ P/L 5,637,447 2.773 DR LEON EUGENE PRETORIUS 4,860,467 2.391 DR VICTOR…
TOP 20 OPTION HOLDERS JULY 2010 Investor Update Holder Name Balance at 15-7-2010 % DR LEON EUGENE PRETORIUS 2,430,234 12.500 PENAUSE PTY LTD 1,894,332 9.743 MRS MYONG SUN CAMPBELL 1,603,360 8.247 MRS CAROLE KURTH 1,500,000 7.715…
Radial Jetting Technology JULY 2010 Investor Update Patented, proven, commercialized (SPE 68504 March 2001) Texas, Kentucky, Louisiana, Kansas, Oklahoma Key features One inch diameter hole -horizontally up to 300 feet Greatly…
COMPETENT PERSONS STATEMENT JULY 2010 Investor Update Competent Person Statement: - The estimates of oil and gas reserves have been prepared by Bruce A. Foster, an independent consulting Petroleum Engineer, registered with the State…
LEASE HOLDING SUMMARY JULY 2010 Investor Update Austexs oil and gas footprint has increased from around 1,000 to approximately 70,000 acres LEASE NAME ACREAGE WI NRI COUNTY Lancaster Group 890 100% 81.25% Tulsa, OK Sweet 400…
Background Mid-Continent JULY 2010 Investor Update Politically stable environment to conduct business Multiple oil and gas leases available Attractive terms of business Infrastructure available 30 days sales cycle on…
Background Mid-Continent JULY 2010 Investor Update Oklahoma One of USAs oldest and richest oil producing provinces 20,000 producing oil wells shut in 1990s Many still with existing economic reserves Low producers shut-in when…
Oklahoma Geology JULY 2010 Investor Update 43 43
Kansas Geology JULY 2010 Investor Update 44 44
Coal Bed Methane Basins JULY 2010 Investor Update 45 45
PUMP OVERVIEW JULY 2010 Investor Update 46 46
WATER FLOOD BASICS JULY 2010 Investor Update Source: Dept of Energy US 47 47
Corporate and Contact Details JULY 2010 Investor Update AusTex Oil Limited - Australia International Energy Corporation - USA Level 56, MLC Centre, 1801 East 71st Street, 19 Martin Place, TULSA SYDNEY NSW 2000 OKLAHOMA 74136…