For personal use only Austin Exploration Limited Transitioning into a USA Shale Producer Birch Prospect, Burleson Texas, USA Eagle Ford Shale
For personal use only Austin Exploration Restructured & Re-Capitalised Austin Explorations Vision is to build shareholder value via creating a profitable, efficient, environmentally friendly, multibillion dollar international energy…
For personal use only Board of Directors Dominic Pellicano (Chairman of the Board) Mr. Pellicano has been in private practice as a Certified Practicing Accountant (CPA) and has extensive experience in financial management and…
For personal use only U.S. Projects Kentucky Edmonson, County, Park City Field Webster County Louisiana Sebree Field Vernon Parish, Bombing Range Prospect Texas Mississippi Dimmit County, Adams County, Yolanda…
For personal use only Eagle Ford Shale
For personal use only Eagle Ford Shale Burleson County The Eagle Ford Shale is a hydrocarbon producing formation of significant importance due to its capability of producing both gas and more oil than other traditional shale…
For personal use only Eagle Ford Shale The Eagle Ford Shale is a hydrocarbon producing formation of significant importance due to its capability of producing both gas and more oil than other traditional shale plays. It contains a…
For personal use only Birch Prospect Transaction and Forward Plan Transaction Details: 1,566 acres in three unit-blocks, located at the town site of Birch in southern Burleson County Texas. Operator of record has negotiated the…
For personal use only Recent/nearby activity Burleson County Clayton Williams Smalley-Robinson Unit 1, IP=492 BOPD Clayton Williams Apache Wells Broesche Unit 1, IP=234 BOPD N Birch Prospect
For personal use only Highlights Acquired 1566 acres in the Eagle Ford Shale in Burleson County, Texas. Austin Chalk production has been low compared to other Successful Giddings field locations, indicating potential oil and gas at…
For personal use only Highlights-Drilling Permits
For personal use only Birch Prospect, Project Terms & Costs Owner Working Net Revenue Interest Interest (WI) (NRI) Aus-Tex Exploration (ATE) 93.5% 70.125% Operator/ Partner 6.5% 4.875% Royalty 0% 25% Total 100% 100% Item…
For personal use only Birch Prospect leased acres and 5 main well locations N 1:IP=162 BOPD 3: IP=394 BOPD 2:IP=257 BOPD 5: IP= 456 BOPD 4: IP=267 BOPD
For personal use only Summary of Well Performance (on/adjacent to acreage) IP Flow rates from historic Well Name Formation BOPD MCFGPD vertical wells indicate RIEDEL, B.J. 575 661 Eagle Ford potential for significantly MAGEE, M. 50…
For personal use only Type Logs KRUEGER, L. 1 At AKK lease RIEDEL, BJ. 1 (IP=575 BOPD) Gonzales County (South West of AKK Lease)
For personal use only Birch Prospect Pressure Data From 3 wells mud log data (within AKK lease): CHMELAR, E. . 1A Gas kick 8940, Increasing Gas 9000, High sustained gas kicks: 9090-9116 & 9125-9140. FOJTIK UNIT 1 Gas kick…
For personal use only Highlights Interpreted thickness of 300 feet in Eagle Ford formation. Eagle Ford Shale is mainly clay-rich limestone with low quartz content making less Brittle than typical shale reservoirs (Barnett), yet…
For personal use only Economic Analysis Vertical Well IP 200 bopd, EUR 80,000 barrels Well cost USD1,700,000 NPV USD2,000,000 Horizontal Well IP 800 bopd, EUR 200,000 barrels Well cost USD6,900,000 NPV USD5,000,000 Based on…