Oil & Gas Production and Development Company ASX:AOK AGM Presentation August 2011
INTRODUCTION August 2011 Investor Update Value Proposition Australian Listed Exploration and Production Company Oil focused - Strategic Acreage position in world class OIL plays Oklahoma and Kansas USA High working Interest and…
INTRODUCTION August 2011 Investor Update CAPITAL STRUCTURE TOP 20 SHAREHOLDERS Shares % IROQUOIS CAPITAL OPPORTUNTIY FUND LP 27,272,727 9.7 ASX code AOK KWANG HOU HUNG 15,000,000 5.3 Ordinary Shares on Issue (m)* 280.5 PHESOJ P/L…
BOARD AND MANAGEMENT TEAM August 2011 Investor Update Dr Peter Power 50 years experience in hydrocarbon exploration worldwide - Geologist. Non Executive Senior management positions with International Majors - Unocal and Union Texas. MD…
BOARD AND MANAGEMENT TEAM (CONTD) August 2011 Investor Update Luis Veirma* GeoChemist Bachelor Degree in Chemistry Masters degree in Geology (Geochemistry of Petroleum) USA Formerly Deputy Chairman of OPEC Long Term Strategy Vice…
BOARD AND MANAGEMENT TEAM (CONTD) August 2011 Investor Update Justin Clyne Admitted as a Solicitor of the Supreme Court of NSW and the High Court of Australia in 1996 before Company Secretary gaining admission as a Barrister in 1998…
TECHNICAL CONSULTANTS August 2011 Investor Update Plaster and Wald Well Planning for Drilling, Completion, Production and Workovers In House Engineering Personnel - Preparation and Cost Analysis Post Well Reviews - State and…
Company Structure August 2011 Investor Update AusTex Oil Limited (ASX Code AOK) International Energy Corp International Energy Corp International Energy Corp (Oklahoma) (Northern Oklahoma) (Kansas) Oil and Gas Assets Oil…
GROSS SALES August 2011 Investor Update 4.0 3.6 3.5 3.0 2.5 2.0 1.5 1.4 1.0 0.63 0.5 0.0 Yr Ended Mar 2009 Yr Ended Mar 2010 Yr Ending Mar 2011 10 10
OIL AND GAS LEASE LOCATIONS August 2011 Investor Update USA OPERATIONS International Energy Corporation Tulsa Office 1801 East 71st Street Southern Hills TULSA OK Northern Oklahoma 5,000 acres Conventional Oil & Gas Horizontal…
USA ONSHORE OIL PLAYS HEAT UP August 2011 Investor Update Key Drivers of resurgence in USA Mid Continent Oil Mississippi Lime Development his hot, new horizontal oil play in Oklahoma T and Kansas has legacy lease-holders looking…
MISSISSIPPI LIME OSAGEAN SERIES August 2011 Investor Update 13
HORIZONTAL MISSISSIPPIAN PLAY August 2011 Investor Update Pennsylvanian *Multiple lenses *Not ubiquitous *0 to 100 thick *current HZ target *Underlies entire trend *50 to 300 thick *stores massive HC volumes *Promising HZ…
Mississippian Type Log Tara 1-33 (Kay Co., OK) Mississippian Unconformity Chat lens == 0.08-0.30 Solid 0.03-0.08 NATURALLY FRACTURED Woodford Shale Most HZ activity in the trend is in the more porous MS Chat. Cejas…
HORIZONTAL MISSISSIPPIAN OIL - PERFORMANCE August 2011 Investor Update DAYS Source: SandRidge Energy 16 16
MISSISSIPPIAN REGIONAL PLAY August 2011 Investor Update KS OK Chesapeake SandRidge Ceja Range Res Green Circles MS Solid Producers Red Circles MS Chat Producers Blue dashed outlines = Recent HZ activity Contours:…
MISSISSIPPI LIME NOTABLE PLAYERS August 2011 Investor Update Range Resource (NYSE:RRC) 52,000 net acres 50% Held by Production (AOK neighbour) 108 well location EUR 407 Mboe /well Cost 3.1 million per well 80% IRR 2200 laterals…
KAY/NOBLE COUNTIES - OKLAHOMA August 2011 Investor Update Kay Co Ceja: Glasgow 3H & 4H Ceja: Paris B2 & 3H Ceja: Highly 4H Ceja: Washaki 2H & Cum 100 MBO Osage 3H Ceja: Benjamin 4&5 Range: Billy 3-26H Ceja: Martin…
NORTHERN OKLAHOMA August 2011 Investor Update International Energy Corporation (Northern Oklahoma) 100% Subsidiary Kay and Noble County - AOK 100% WI 81.25% NRI Mississippi Lime Play Oil 6,000+ acres Vertical Wells to 5,000 feet…
TULSA REGION August 2011 Investor Update International Energy Corporation (Oklahoma) 100% Subsidiary - Operator Tulsa Surrounds AOK 100% WI 80% NRI Shallow oil play / secondary recovery / gas Cleveland Sst 1600 acres 10 acre well…
TULSA REGION ADDITIONAL TARGETS August 2011 Investor Update CLEVELAND 700 22
KANSAS August 2011 Investor Update International Energy Corporation (Kansas) 100% Subsidiary Kansas AOK WI 30-53% - NRI 25% - 43.5% Oil Multiple Projects - 65,000 acres Exploration Cooper Project 26,500 acres, 3D seismic, Discovery…
KANSAS GEOLOGY August 2011 Investor Update Strat Potential at core Mississippian pinch-out around Central KS Uplift is AOK Lease Locations focus of recent land bonanza; including the entre of majors 24 24
ACREAGE VALUE PROPOSITION August 2011 Investor Update Northern Oklahoma Mississippi Lime Play - 100% WI 6000 acres in oil fairway 15+ Horizontal Locations EUR per location 409,000 boe x 15 locations = 6,135,000 estimated…
CORPORATE AND FIELD ACTIVITY August 2011 Investor Update Target Sep Qtr Dec Qtr 11 Corporate Audit and Reserve Report In Progress North American Investor In Progress Ongoing Presentation and Listing Tulsa Region Multiple…
Summary August 2011 Investor Update Highly prospective acreage with the Right Address - 70,000 acres OIL Targets 2011 Acreage value far exceeds entry costs Northern Oklahoma 2100/acre precedent Demonstrated Revenue Growth - 3.6m…
CONTACT DETAILS August 2011 Investor Update Australia Managing Director - Daniel Lanskey Level 57, MLC Centre, 19-29 Martin Place, SYDNEY NSW 2000 Tel. (02) 9238 2363 Email infoaustexoil.com USA Executive…
HORIZONTAL MISSISSIPPI ECONOMICS August 2011 Investor Update Source: Range Resources NYSE:RRC 29 29
HORIZONTAL MISSISSIPPI COMPS August 2011 Investor Update 30 30
KAY COUNTY HIGHER LIQUID RATIO August 2011 Investor Update 31 31
MID CONTINENT RESULTS August 2011 Investor Update Source: Chesapeake Energy NYSE:CHK 32 32
HORIZONTAL WELL PERFORMANCE August 2011 Investor Update Source: SandRidge Energy NYSE:SD 33 33
MISSISSIPPI LIME COMPS August 2011 Investor Update 34 34
OTC:QX INTERNATIONAL August 2011 Investor Update 35 35
OTC:QX INTERNATIONAL August 2011 Investor Update 36 36
OTC:QX INTERNATIONAL LISTING August 2011 Investor Update 37 37
OTC TRADED ADR August 2011 Investor Update 38 38
PRINCIPAL AMERICAN LIAISON August 2011 Investor Update 39 39
US MARKET EXPOSURE August 2011 Investor Update 40 40
C K COOPER & COMPANY August 2011 Investor Update 41 41