Company Presentation ON THE WINGS OF THE EAGLE FORD September 2014 Company Presentation September 2014
First three Eagle Ford well results Kaiser 2H 30 day Initial Production Rate = 20, 550 BOE (91% Oil) Nemo 1H 30 day Initial Production Rate = 18, 390 BOE (91% Oil) Stifflemire 1H 30 day Initial Production rate = 25,890 BOE (87%…
Austins Team The TEAM. It all starts here. US Management Team Dr. W. Mark Hart Guy Goudy Lonny Haugen Ola Akrad Timothy Hart Juan Carlos Aaron Goss CEO & Managing COO and CFO VP Engineering VP & GM Carratu VP & GM Director…
Project Portfolio Perfectly Positioned for the US SHALE BOOM Company Presentation September 2014 5
Technical Excellence Finding the source of the worlds oldest oil fields Forward thinking First movers - Acquired acreage in 2011. Halcn Resources announces in 2014 the property as being the sweet spot of the Eagle Ford 6 well Eagle…
Eagle Ford & Niobrara Focusing on the big two oil basins Texas - Eagle Ford Shale Stifflemire 1 produced an IP rate of 1066 B0EPD Well produced 25,890 Boe in 30 days ( 87% oil) Property entirely de-risked Proven Operator Halcn…
Eagle Ford Shale Texas Confirmed by Halcn in 2014 as the new Eagle Ford Sweet Spot Working Interest Net Revenue Interest Owner (WI) (NRI) Austin Exploration (AKK) 30% 22.5% Burleson County, Texas Company Presentation…
Eagle Ford Project FIVE EAGLE FORD WELLS SUCCESFULLY DRILLED IN 2014 Significant project position surrounded by the majors Halcn Resources free carried for three 10,000 ft horizontal wells in 2014 PetroMax Operating carried for a…
Austin Pathfinder Project Second oldest oil field in the US In 1862, oil was discovered in Oil Creek In 1862, oil discovered is good API quality with low water production The Pierre formation is from the Cretaceous age 15.5…
Pathfinder Niobrara Project 100% of 11,560 BIG enough for 200+ wells Proven targets Niobrara formation Pierre Shale Exploration success Well 1 Successful vertical exploration well Well 2 successfully drilled with 16 frac stages…
Pathfinder Niobrara Project Looking better than the best Austin was first to successfully drill and produce from a horizontal well into the Niobrara in the Florence Field Company Presentation September 2014 13
Pierre Wells in Florence 15 million barrels produced Right next to us Property held by mining companies prior to Austin Oil reserves in virgin territory Quick pay back with low capital cost & low risk wells Provides fast cash…
Pathfinder Gas Gathering & Processing Converting 24 Billion Cubic Feet of Gas into revenue Gas Processing Plant begins operations in August CIG Processes valuable heavy gases and boosts cash flow Industrial Markets Converts gas…
Kentucky Conventional With a 4,000-Acre position, the Joint Venture has steadily enhanced operations by increasing production to 35 BOPD from 0.7 BOPD in 2012 Source: Kentucky Geological Survey, Modified. Source: Austin…
Mississippi Conventional Adams County, Mississippi is successfully operating and developing the Wilcox Formation Well Name IP Depth Formation 6,445 6,450 Ellislie No. 1 82 BOPD Armstrong Sands TVD: 6,585 6,445 6,450 Armstrong…
Investment Rationale Austins 20,000 acres across five proven hydrocarbon basins in the US expected to support more than 300 wells 100% success in exploration drilling Low price entry into two of the most prolific oil basins in the…
Summary Texas Birch Eagle Property is de-risked: Kaiser 2H 30 day Initial Production Rate = 20, 550 BOE ( 91% Oil) Nemo 1H 30 day Initial Production Rate = 18, 390 BOE ( 91% Oil) Stifflemire 1H 30 day Initial Production rate = 25,890…
Corporate Snapshot Corporate Statistics AKK 12 Month Historical Price Performance ASX Code AKK Shares on Issue 2.62 b Market Capitalisation 0.02 52M Cash 3M Enterprise Value EV 49M USA: OTCQX International ADR ticker: (1 ADR: 100…
Corporate Information Austin Exploration Limited Auditor Level 9, 575 Bourke St. Grant Thornton Melbourne, VIC, 3000 Level 2, 215 Spring Street Australia Melbourne, VIC 3000 Phone (03) 9606 3888 (03) 8663 - 6000 Fax (03) 9606 3800…
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