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THIRD ANNUAL GENERAL MEETING – Austex Oil Limited

Austex Oil Limited · Aug 31, 2009 · 40 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 1
    An Emerging Oil & Gas Producer Third Annual General Meeting 31 August 2009
  2. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 2
    REVIEW OF OPERATIONS August 2009 Annual General Meeting Increased US Acreage from 1,000 acres to 70,000 acres Revenue of 562.000 in first full year since listing Oklahoma Lease Infrastructure upgrades 7 New Wells Completed…
  3. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 3
    USE OF FUNDS 2009 August 2009 Annual General Meeting 1.1 2.5 Head Office Oklahoma Kansas 8.5 Millions of AU 6 6
  4. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 4
    HEAD OFFICE August 2009 Annual General Meeting 186 Adviser Fees 220 Audit Directors Fees 50 M.D. Insurance 132 140 Legal Listing Fee 42 Management Fee 40 54 216 Travel Thousands of AU 7 7
  5. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 5
    USA OPERATIONS August 2009 Annual General Meeting 2,100 1,500 G&A** 1,730 Acquisitions Development Exploration 5,750 Thousands of AU ** includes Early Termination Payments 8 8
  6. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 6
    AUSTEXS PROJECTS August 2009 Annual General Meeting PRODUCTION IN TWO STATES 1. Oklahoma Six lease locations Long term lease positions Held by production Infill/development plan AusTex Oil as operator 2. Kansas Five lease…
  7. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 7
    ENGINEERING AND GEOLOGY REVIEW August 2009 Annual General Meeting Drill Sites Production Risk Lease Name Indentified Potential NRI Factor Oklahoma BOPD Lancaster 20 15 82% Low BlueHawk 3 15 43% Low Sweet 30 20 82% Low Kansas…
  8. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 8
    RESERVE POSITION - MARCH 2009 August 2009 Annual General Meeting CLASSIFICATION OIL (BO) GAS (Mcf) 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 14,088,930 Petroleum…
  9. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 9
    THE YEAR AHEAD August 2009 Annual General Meeting What has changed Internal Reduced Corporate Overhead Became Operator - Oklahoma Tighter Field Operation Control Engaged Reputable Contractors Negotiated Drilling and Completion…
  10. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 10
    FIELD BUDGET ESTIMATES August 2009 Annual General Meeting Well Type Dry Hole Completion Total Cost Cost 2000 foot well -Air Rig 89,000 50,000 139,000 4.5 casing 4000 foot well -Rotary Rig 140,000 145,000 285,000 5 casing…
  11. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 11
    UPCOMING ACTIVITY August 2009 Annual General Meeting Location Sep-09 Dec-09 Mar-10 Jun-10 Oklahoma Lancaster Lease - 4 Wells Sweet Lease - 2 Wells Kansas Cooper Project - Sealock Completion - Step Out or Development Wells Jewel…
  12. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 12
    SUMMARY August 2009 Annual General Meeting On track to becoming an independent oil and gas producer 18 months young Simple business model ready access to oil and gas market 4.8m current assets as at 31 August 2009 SPP Planned…
  13. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 13
    An emerging oil and gas producer August 2009 Annual General Meeting www.austexoil.com www.austexoil.com 16 16
  14. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 14
    August 2009 Annual General Meeting APPENDICES 17 17
  15. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 15
    CORPORATE INFORMATION August 2009 Annual General Meeting AUSTEX OIL OBJECTIVES ASX code AOK Ordinary Shares on Issue (m) 144.5 Become a significant US-based on-shore oil and Options (40c strike price, 2010) on issue .75 gas…
  16. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 16
    PEER ANALYSIS August 2009 Annual General Meeting GROSS CASH ENTERPRISE 2P JUNE Q SALES SHARES MKT CAP DEBT M VALUE M RESERVES ADVANCE ENERGY 714,000 -12.3 2.5 2.2 1.12 155 12 AMADEUS 8,400,000 -69.6 2.2 132.4 9.1 198 65…
  17. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 17
    USA OPERATIONS August 2009 Annual General Meeting 25.00 20.00 EV PER 2P 15.00 RESERVE 10.00 5.00 1.73 0.00 AVD AMU AOK BCC MAE RFE TXN 20 20
  18. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 18
    COMPETENT PERSONS STATEMENT August 2009 Annual General Meeting Competent Person Statement: - The estimates of oil and gas reserves have been prepared by Bruce A. Foster, an independent consulting Petroleum Engineer, registered with…
  19. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 19
    COMPANY STRATEGY August 2009 Annual General Meeting Acquire, rework and enhance oil fields with proven reserves onshore USA Participation through local operators with track record and operational expertise Oklahoma 100% owned…
  20. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 20
    BOARD AND MANAGEMENT TEAM August 2009 Annual General Meeting 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…
  21. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 21
    BOARD AND MANAGEMENT TEAM (CONTD) August 2009 Annual General Meeting Kay Philip Geophysicist with extensive experience in project acquisition and financial analysis of resources Non Executive Director projects. Australia Honorary…
  22. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 22
    USA TECHNICAL TEAM August 2009 Annual General Meeting John Durkee Over 20 years on-shore oil & gas experience. Petroleum Engineer Team USA Technical Registered Professional Engineer, Petroleum Engineering, Oklahoma 14881. Tulsa…
  23. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 23
    COMPANY STRUCTURE August 2009 Annual General Meeting 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…
  24. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 24
    RADIAL JETTING TECHNOLOGY August 2009 Annual General Meeting Patented, proven, commercialized (SPE 68504 March 2001) Texas, Kentucky, Louisiana, Kansas, Oklahoma Key features One inch diameter hole -horizontally up to 300…
  25. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 25
    LEASE HOLDING SUMMARY August 2009 Annual General Meeting Austexs oil and gas footprint has increased from around 1,000 to approximately 68,000 acres LEASE NAME ACREAGE WI NRI COUNTY Lancaster and environs 610 100% 81.25%…
  26. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 26
    OKLAHOMA PROJECT OVERVIEW August 2009 Annual General Meeting AUSTEX OIL Project Area: 1,500 acres Ownership: Up to 100% WI (Up to 84% NRI) Held by production Target: Conventional Oil & Gas Coal Seam & Shale Gas Multiple Zones to…
  27. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 27
    OKLAHOMA LANCASTER LEASE August 2009 Annual General Meeting LANCASTER LEASE, TULSA COUNTY - 610 ACRES (100% WI, 81.25% NRI) Completion of lease infrastructure and commissioning of gas pipeline First gas sales April 2009 30 well…
  28. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 28
    KANSAS PROJECT OVERVIEW August 2009 Annual General Meeting Jewel 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…
  29. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 29
    KANSAS - COOPER PROJECT August 2009 Annual General Meeting 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…
  30. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 30
    BACKGROUND - MID CONTINENT August 2009 Annual General Meeting Politically stable environment to conduct business Multiple oil and gas leases available Attractive terms of business Infrastructure available 30 days sales…
  31. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 31
    Background Mid-Continent August 2009 Annual General Meeting 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…
  32. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 32
    Oklahoma - Cherokee Platform Targets August 2009 Annual General Meeting 35 35
  33. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 33
    GEOLOGY OF KANSAS August 2009 Annual General Meeting 36 36
  34. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 34
    COAL BED METHANE BASINS August 2009 Annual General Meeting 37 37
  35. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 35
    OKLAHOMA SWEET LEASE August 2009 Annual General Meeting SWEET LEASE, PAWNEE COUNTY 240 ACRES (WI = 100%, NRI = 82.5%) Drilling program commenced September 2008 with two wells completed for production Multiple zones behind pipe…
  36. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 36
    LANCASTER LEASE August 2009 Annual General Meeting 39
  37. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 37
    KANSAS New Opportunities August 2009 Annual General Meeting 40 40
  38. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 38
    NEW TECHNOLOGY IN OLD OIL FIELDS August 2009 Annual General Meeting 41
  39. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 39
    TULSA OFFICE August 2009 Annual General Meeting 42 42
  40. THIRD ANNUAL GENERAL MEETING – Austex Oil Limited – slide 40
    CORPORATE AND CONTACT DETAILS August 2009 Annual General Meeting AusTex Oil Limited - Australia International Energy Corporation - USA Level 56, MLC Centre, 1801 East 71st Street, 19 Martin Place, TULSA SYDNEY NSW 2000 OKLAHOMA…

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