Company Profile Antares is an established USA oil and gas producer Operational focus on the Permian Basin, West Texas, USA Currently producing at 2,435 BOEPD net to working interest, up 370% over the past 12 months Strong cash flow…
Company Snapshot Share Price Performance 257,000,000 0.40 102,800,000 5,000,000 (Quarter) 40,000,000 15,000,000 162,800,000 7,500,000 Directors 14.1 11.55 James Cruickshank Executive Chairman & CEO Matthew Gentry…
Antares Energys Permian Position CURRENT WELL 1P NET 2P NET 3P NET PROJECT LOCATION ACRES LOCATIONS EUR/WELL RESERVES RESERVES RESERVES Howard 220 12.7 21.6 26.0 3,418 170* Co., TX MBOE MMBOE MMBOE MMBOE Dawson 125 175 Not Not…
Why is Antares in the Permian Basin Long Life, Low Risk Reserves 1P 14.1 MMBOE, 2P 24.8 MMBOE, 3P 42.1 MMBOE, 3P Potential 70 100 MMBOE 20+ Year Reserve Base Current daily production of approx. 2,435 BOEPD net to working interest…
Antares Proven, Successful Record of Creating Value for Shareholders Sale of Yellow Rose and Bluebonnet 2007 2008 2009 2010 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Drill initial Yellow Rose Enter partnership with Drill…
Antares Achieving High Rates of Growth Gross Daily Production Southern Star, Northern Star & Big Star 10000 1000 (BOPD / MCFPD / BOEPD) 100 Oil Gas Antares 25th Permian Completion 1,200 BOPD (2,400 BOEPD) BOE Antares1st…
The Permian Basin Permian Basin Structural Setting Approx. location of Southern Star Approx. location of Big Star Approx. location of Northern Star W Central E Delaware Basin Basin Midland Basin Eastern Shelf…
Permian Basin - Midland Basin Resource Plays Basin Overview Continual rig count growth (Currently 200+ rigs active in vertical Wolfberry play) Drilling Permits at historic high Play expanding from western concentration to east…
Evolution of the Wolfberry 1950 70s 1980 90s 2000s 2005 - 10s 2010+s Clearfork 6,000 ft Upper Spraberry Increasing EUR with greater Lower Spraberry depths & frac stages Dean 8,000 ft Upper Wolfcamp Lower Wolfcamp 10,000…
Wolfberry Operations Drilling: 14-20 days to drill and complete a 10,300 ft -12,500ft vertical well Typical well costs in the order of US1.9-2.2MM completed Completion: 2 days for fracture stimulation of 8 to 12 stages Total…
Southern Star SUMMARY OPPORTUNITY 4,240 gross (3,418 net) acres Near term milestone of 2,500 BOEPD gross to be 40+ wells in production achieved shortly 1P Net Reserves of 12.7 MMBOE (40 ac spacing) At a cost of US1.9MM to drill…
Southern Star Type Curve Antares' Southern Star Type Curve vs. Pioneer Spraberry Type Curves* TYPE CURVE PARAMETERS 180 Di = 99.5% Qi = 132 bopd 160 B = 1.8 GOR = 4,000 scf/bo Average Monthly Production (BOEPD) Terminal…
Northern Star SUMMARY OPPORTUNITY 12,400 gross (12,400 net) acres Newbrough No. 1 currently being remediated for 12,500 wells: Clear Fork, Spraberry, Dean, Wolfcamp, shallow water flow. Production logs confirmed the Cline,…
Big Star SUMMARY OPPORTUNITY 18,786 gross (14,100 net) acres Large contiguous position in emerging horizontal 11,200 wells: Clear Fork, Spraberry, Dean, play fairway. Wolfcamp, Cline, Strawn, Mississippian & Woodford SM Energy…
Summary Antares is a well established oil and gas producer Operational focus on the Permian Basin, West Texas, USA Attractive position in the Permian Basin of approximately 35,500 gross (30,000 net) acres Experienced management…
Contact Information Antares Energy Limited For further information contact: 2nd Floor, 5 Ord Street James Cruickshank West Perth, Western Australia 6005 Chairman & CEO + (61 8) 9324 2177 + (61) (0) 488 222 122 or + (1) 214 762…
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