Investor Presentation Good Oil Conference Fremantle 2015 Gary Jeffery Managing Director The Conventional Gas Play Energizing California Australian Oil Company Limited I Investor Presentation 1
Value proposition AOC is an producer, explorer and developer of conventional gas assets onshore California: o Production: 55% WI in 8 conventional gas wells supplying Californias gas market o Exploration/appraisal: Two multi-Tcf…
Gas on the rise: Oil and gas price disconnect OPEC announced Gas prices firming no oil price support as oil prices capitulate US Prices on the graph are per mcfe using a ratio to equate price per barrel of oil to price per…
A total focus on California 2.5 Tcf per year California gas demand California imports 90%+ of gas the clean fossil fuel of choice Dempsey Conventional Gas Project Average 7.0 billion cubic feet (BCF) gas a day consumed (Appraisal /…
Asset overview Producing Assets Gas Sacramento Basin Dempsey Conventional Gas Project: AOC 55% Rancho - Capay Gas Field 24,198 mcf gross June quarter 2015 Alvares Conventional Gas Project: AOC 40% (AOC 55% WI in 5 wells) Los…
Strategy for growth 1. Acquire new conventional gas production in California now to increase revenue: Assessing single assets, fractional ownership, and asset packages Selective approach to acquisitions: yield and future liabilities…
Producing assets: Rancho Capay and Los Medanos gas fields Revenue generated from producing wells in conventional gas fields Revenue of circa US100,000 per annum (net to AOC) Rancho Capay Gas Production AOC 55% 55% Working…
Producing assets: Rancho Capay and Los Medanos gas fields Revenue generated from producing wells in conventional gas fields Infrastructure in place: a critical differentiator Metering stations and other associated infrastructure…
Exploration: Dempsey Prospect - 1+ Tcf gas Low-cost leverage to strong Californian gas demand Appraisal and Exploration Well Multiple (7 mapped) independent Conventional Sandstone Reservoirs reduces risk Appraisal component for…
Exploration: Dempsey Prospect - 1+ Tcf gas Multi-target conventional appraisal and exploration project under AOC gas production Independent Targets ranging from 1+ Bcf to 350+ Bcf (0.35 Tcf) Total (100%) un-risked recoverable…
Exploration: Dempsey Prospect - 1+ Tcf gas Schematic Cross Section illustrating 7 Conventional Reservoir Targets Dempsey Prospect Validation Working petroleum systems in under-explored parts of the Sacramento Basin. Supporting…
Appraisal: Alvares Gas Project - 2.4+ Tcf gas Appraisal of a conventional sandstone reservoir, gas discovery 40% Working Interest in onshore Alvares Gas discovery drilled in 1982 when oil was the only target 1,500 metres of gas…
Appraisal: Alvares Gas Project Alvares 1 well summary Alvares Prospect Validation Working petroleum Wet sands systems in under-explored outside of parts of the Sacramento closure Basin. (= Dempsey Supporting evidence Prospect…
AOC has multiple growth options Option 4 Acquire more high-yielding Option 3 conventional gas production in California Immediate revenue generating Secure Dempsey farm-out partner / JV Acquire more high-yielding Drill Dempsey…
In Summary Many have heard me speak of California as the land that time forgot .. This provides .tremendous opportunity.. Todd Stevens CEO California Resources Corp (NYSE: CRC) August 7, 2015 AOC to continue acquiring high-yielding…
AOCs Sacramento Gas Company Energizing California Byte by Bit Australian Oil Company Limited I Investor Presentation 16
Corporate snapshot Corporate Snapshot Major Shareholders ASX Code: AOC Board and Management 9.6% Cash (as at 30 June 2015): 600,000 HSBC Custody Nominees 7.7% (Australia) Limited Market Cap 4m (0.035/share): Nefco Nominees Pty Ltd…
Contact information Gary Jeffery Managing Director Australian Oil Company Ltd Ph: +61 8 9388 2654 Email: gary.jefferyaoc-email.com Registered Office Level 2, 210 Bagot Road Subiaco, WA, 6008, Australia US Office 17822 East…
Cautionary note This document contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they…