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MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc.

Fx Energy Inc. · Mar 3, 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. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 1
    POLAND A Unique Play on the Strong European Gas Market March 2014 1
  2. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 2
    Market and Financial Overview Major Institutional Shareholders as of 12/31/2013 Financial Information as of 12/31/2013 Number of Shares % Holding Balance Sheet Audited audited Income Audited Audited BlackRock Fund Advisors 3,450,162…
  3. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 3
    Briefly: FX in Poland FX Energy is an oil and gas company focused on Poland Poland still has conventional gas deposits; our commercial wells average 17 Bcfe (P50 pre-tax reserves) and 4.5 Mmcf/d with very low decline rates over the…
  4. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 4
    Untapped Resources in Poland Poland has significant undiscovered hydrocarbon potential Permian Basin extends across Europe: Permian (Rotliegend) gas fields in Poland are direct analogs to those found in the UK and Dutch sectors of the…
  5. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 5
    Polish Gas Prices Are Higher Than US Polish Gas Price vs US Henry Hub (/mcf) Polish gas approximately 12/mmbtu 16 14 Poland FX 2013 average wellhead price: 12 10 US 8.89/mmbtu 8 7.11/mcf (80% methane gas) 6 4 2 0…
  6. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 6
    Poland: Sound Economy, Rule of Law Size: 312,000 sq. km (120,000 sq. mi.); comparable to Germany - or New Mexico Population: 38 million people; well educated, multi-lingual, culturally homogeneous; (Germany has 80 million; France…
  7. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 7
    FXs Production Base in Poland FX started building reserves in 2003 FX farmed into a good acreage block in 2000 (49% non-op interest in the Fences license) 73% successful on structural traps, but only averaged 1 well per year from 2000…
  8. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 8
    Steady Production Good Economics Production Profile - Average of 11 Fences Wells Estimated Future Net Revenues from Producing 5.0 180 Properties (P50) (millions) 160 50 4.0 140 Mmcfe/day Mcme/day 120 40 3.0 100 80 30 2.0…
  9. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 9
    FX Energy Licenses in Poland Five license areas cover 2.5 million gross acres FX holds 49% interest in Fences license (this is our core license, the location of virtually all our reserves and production); PGNiG holds 51% and Edge…
  10. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 10
    Fences License FX Core Area PGNiGs Paproc field 267 Bcf disc. 1982 Fences Fences FX 49% Block 229 FX 100% FX 24.5% Rotliegend gas potential Rotliegend gas fields from the Block 246 PGNiGs Radlin field 1980s showed area…
  11. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 11
    Successes in Fences License Commercial Discoveries Fences License (FX 49%) Gross P50 Reserves(1) /well Kleka-11 3 bcf 0.1 bcm Zaniemysl 27 bcf 0.7 bcm Kromolice-1 Sroda-4 + 42 bcf 1.1 bcm Kromolice-2 Kromolice-1 Sroda-4 Winna…
  12. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 12
    2014 Plans for Fences License Fences License (FX 49%) Miloslaw E. 2014 drill Fences Lisewo-1 started production 4Q2013; K-3=1Q14; L-2=3Q14; Szy=1Q15 Baraniec 2014 drill Zaniemysl-3 sidetrack 2H14 Ciemierow 2014 drill…
  13. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 13
    Backlog of 20 Undrilled Prospects FX invested 40 million in 3D seismic 2011-2013 Long lead time to acquire, process and interpret Payoff we now have 20 undrilled prospects on 3D with potential recoverable reserves of 400 Bcf est.…
  14. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 14
    Growth in the Fences License 20 undrilled 3-D defined Rotliegend structural prospects with 400 Bcf of gross unrisked potential recoverable reserves FXs 49% share, unrisked, is approximately 200 Bcf, or 4 times current proved reserves…
  15. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 15
    FX 100% Licenses Block 246 license Target is gas in Rotliegend sandstones; the same play we are producing in the Fences license We drilled an exploratory well that yielded evidence supporting this type of play We acquired 3D…
  16. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 16
    Block 246 License Koscian field Bronsko field 300 Bcf 700 Bcf 3D structural prospects Block 246 concession 3D seismic 2012 Frankowo-1 may have found a Rotliegend play in Block 246 2012: exploratory well showed good…
  17. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 17
    Edge License Tuchola Wells Edge concessions Tuchola-4 drilling now Tuchola-3K discovery Tuchola 3-K discovery 2013 Discovery Might Signal a Significant New Play Area 2013: Tuchola-3K well tested good reservoir and high…
  18. MARCH 2014 CORPORATE PRESENTATION – Fx Energy Inc. – slide 18
    Recap FXEN has many good targets, its best-ever drilling schedule and the funds to carry out its 2014 plan 2013: capex approx. 50 million; 5 wells drilled plus extra seismic 2014: capex planned at 55 million; 6-8 wells to drill plus…

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