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ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited

Target Energy Limited · Aug 21, 2014 · 18 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. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 1
    TARGET ENERGY LIMITED ENERCOM OIL & GAS CONFERENCE 21 AUGUST 2014
  2. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 2
    COMPANY SNAPSHOT Overview Key Metrics US Permian Basin and Gulf Coast, oil focused ASX Code TEX OTCQX Code (US) TEXQY Offices in Houston, Texas and Perth, Western Australia Shares on issue1 453.7m Producing oil & gas and generating…
  3. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 3
    FINANCIALS Consolidated Statement of Financial Position at 31 December 2013 and 30 June 2013 (A) 31 December 2013 30 June 2013 (Audited) CURRENT ASSETS Cash 1,070,093 1,537,700 Other assets 604,935 2,026,843 TOTAL CURRENT ASSETS…
  4. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 4
    CLEARLY DEFINED STRATEGY Targets strategy has three key elements which focus on proven oil basins, attractive well economics and partnerships. Strategy Aerial View of the Howard Glasscock Field, adjacent to Targets Permian Basin…
  5. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 5
    PERMIAN BASIN The Permian Basin is the most prolific and coveted onshore basin in the US. Regional Map of Permian Basin 1 Current daily production: 1.3 million barrels of oil and 4 billion cubic Target Energy Leases feet of gas; more…
  6. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 6
    STACKED PAY, THE KEY DIFFERENTIATOR Stacked pay increases the volume of oil in place and reduces risk. A comparison of resistivity logs in US shale oil plays Stacked pay: Midland Basin resistivity logs illustrate (in red) multiple…
  7. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 7
    PERMIAN BASIN A BLUE CHIP BASIN Oil majors are highly active in the Permian Basin. 2014 Permian Basin Capital Budgets of Leading Independents 1 2013 Hydrocarbon Production Market Cap. 2 2014 Permian Basin Capex Budget Company Name…
  8. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 8
    ASSETS IN TEXAS AND LOUISIANA Target Energy US Assets Howard County Fairway Glasscock County, Tx Merta Wharton Co, Tx East Chalkley Cameron Parish, La Section 28 St Martin Parish, La 12
  9. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 9
    PERMIAN BASIN FAIRWAY PROJECT Target retains its focus on the Permian Basin focused company and is committed to expanding its high quality portfolio. Map of Targets Fairway Project in the Midland Basin4 Location Howard & Glasscock…
  10. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 10
    PERMIAN BASIN FAIRWAY DEVELOPMENT PLAN Multiple potential completions per well.1 Phase 1 Fusselman Phase 2 Wolfberry Cline Upside 3,900 5,700 Clearfork 3,900 5,700 Clearfork 3,900 5,700 Clearfork Upper Spraberry Upper Spraberry Upper…
  11. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 11
    PERMIAN BASIN FAIRWAY ACTIVITY The accelerated pace of drilling is starting to show through increasing production figures. Fairway Project Planned Activity 20141 Fairway Project Gross Quarterly Production FY14 (BOEPD) Wagga Wagga 1…
  12. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 12
    PERMIAN BASIN FAIRWAY PRODUCTION GROWTH Cash margins are strong at Fairway and production is estimated to rise c.110% by the end of 2014. Lease Operating Expenses, Taxes and Cash Margins (/boe) Estimated Average Daily Net…
  13. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 13
    PERMIAN BASIN SHALE PLAYS DRIVING GROWTH Fairway is positioned in centre of two active shale plays. Map of Apaches Permian Basin Interests1 Execution Pad Drilling Example (courtesy Laredo Petroleum) 2 Targets Fairway Project…
  14. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 14
    OTHER ASSETS EAST CHALKLEY FIELD Partners plan to increase oil recovery through a waterflood. Schematic of the East Chalkley Field, Cameron Parish Acres Held 714 gross / 250 net Working Interest 35% Operator Magnum Hunter…
  15. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 15
    RESERVES & RESOURCES Reserves assessment at Fairway has increased Targets 2P reserves by 887%. Oil constitutes 79% of 2P reserves. Targets Net Reserve & Resource Position1 Growth in 2P Reserves Net Reserves & Barrels of Oil 1,400…
  16. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 16
    CONTENTS III. CORPORATE I. PERMIAN BASIN OVERVIEW II. TARGETS ASSETS III. CORPORATE Wellhead at East Chalkley 20
  17. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 17
    CASH FLOWS Production and cash flows are expected to grow strongly in the second half of CY14. Comments Projected Cashflow Waterfall, June to December 2014 (USm) Operating cash flows: expected to rise materially as new wells 10.0…
  18. ENERCOM OIL AND GAS CONFERENCE – Target Energy Limited – slide 18
    SUMMARY Production growth in the Permian Basin is expected to surpass all other US onshore basins Target Energy is one of very few Australian listed companies that has an established and growing foothold in this prolific basin…

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