Australis Oil & Gas Limited September 2016 Corporate Presentation ATS Corporate Presentation September 2016
Australis Oil & Gas (ASX:ATS) Overview A new oil and gas company with a counter cyclical investment strategy. Targeting quality onshore assets, primarily in the U.S. In present industry environment, focused on securing assets. Value…
Execution Delivery of Value Growth where it counts Australis is focused on growth in value per share, not size by market cap, production, reserves or head count. Key drivers are:- Be selective. Maintain discipline on asset quality…
Executing a focused strategy Counter cyclical investment strategy in oil and gas assets, particularly in the U.S. to take advantage of current market conditions A core focus on the U.S. has a number of advantages: Consistent with…
Timing The right place, the right assets, the right price US O&G industry at an inflection point. Prolonged oil price environment driving quality assets to market. Australis believes that lower oil prices caused by an…
Strategy Execution Where we are at post IPO Initial assets acquired. Tuscaloosa Marine Shale (TMS) Appraisal Asset. Core acreage position secured. Current focus is on leasing program successfully underway. No requirement for…
Asset Portfolio Appraisal Assets ATS Corporate Presentation September 2016 8
Tuscaloosa Marine Shale (TMS) Asset is consistent with our strategy The TMS is an oil rich, over pressured, naturally fractured unconventional shale play in Louisiana and Mississippi. The TMS is on trend with the Eagle Ford…
TMS Acquisition Well positioned in the play Acquired a 50% working TMS Core Area TMS Modern Offset Wells (red) interest in 33,000 gross used for ATS type curve acres (May 2016), mostly contiguous and within the delineated core…
TMS Lease Position An increased position in the core of the play Land leasing program and budget agreed for 2016 & 2017 Target to increase acreage to approx. 22,500 net acres with 5 year lease life. TMS leasing program underway and…
TMS Upside - An Emerging Play Compares favourably to Eagle Ford wells Recent wells show TMS vs Eagle Ford Cumulative oil production significant improvement in production performance. Current performance compares favourably to…
Australis TMS Single Well Type Curve ATS type curve history matched to actual production from TMS Modern Offset Wells2 Cumulative Oil Production Australis Type Curve Assumptions Modern Offset TMS Completions v Australis Base Type…
TMS Single Well Values Upside with improved well cost, productivity and oil price4 Australis Single TMS well economic sensitivities Pre Tax NPV 10 (US million) EUR Well Cost WTI/bbl Base Case Base Case +5% Base Case +10% 538 Mboe…
TMS Potential Significant independent resource estimates Independent Net Resource Estimate5, 6 Low 1C Best 2C High 3C Well spacing (acres) 970 320 - 485 194 - 240 Average Recovery Factor 7.5% 8.0% 9.4% Oil (MMbbl) 4.6 13.0 29.9…
Asset Portfolio Exploration Assets ATS Corporate Presentation September 2016
Portugal Limited onshore exploration to date Other concession holders include Repsol SA, ENI S.p.A, Galp Energia, Kosmos Energy & Partex Oil & Gas. Limited exploration to date, no domestic production. Total well count 175 (148…
Australis Portuguese Concessions Large onshore acreage with excellent fiscal terms. Awarded two onshore concessions (Batalha and Pombal)8 - 620,000 acres or 2,510 km2. Covers a large section of the Lusitanian Basin to the north of…
Portuguese Concessions Activities and next steps Technical evaluation has been focused on the Batalha concession and the existing contingent resource allocation by NSAI within the Jurassic carbonate sequences. Review of analysis…
Portuguese Potential Independently assessed by NSAI9 May 2016 Net Contingent Resource conventional 10 Oil (MMbbl) Gas (Bcf) Oil Equivalent (MMboe) Low (1C) 0.0 83.6 13.9 Best (2C) 0.0 234.1 39.0 High (3C) 0.0 409.6 68.3 Net…
Corporate ATS Corporate Presentation September 2016
Capital Shares and Options Shares Options11 Ownership (millions) (millions) Pre Post Exercise of Options Directors & Management 98.3 86.7 28.8% 41.6% Shareholders 243.3 16.6 71.2% 58.4% Total 341.6 103.3 100% 100% Exercise value (…
Directors / Management Demonstrated track record in oil & gas Graham Dowland Finance Jon Stewart - Chairman Director 25 years in the upstream oil and gas industry 25 years experience in the oil and gas industry Founder and former…
Australis Oil & Gas - Summary Key investment highlights A deliberate and considered strategy To take advantage of market current conditions in the oil & gas industry to build a high quality portfolio including exploration, appraisal…
Additional Information ATS Corporate Presentation September 2016 25
Option Terms Summary Existing Options on issue Exercise Price Vesting Expiry Number 0.25 vested 31 Dec 2020 19,675,000 0.30 (Series A) 13 Nov 2016A 31 Dec 2020 27,775,000 0.30 (Series B) 13 Nov 2016A 31 Dec 2020 1,000,000 0.35…
TMS Single Well Type Curve Base Case (US) Australis Base Assumptions Production Forecast 30,000 600,000 Future Well Type Curve Target Lower TMS 25,000 500,000 EUR Gas 0.13 bcf Oil/Condensate 499 mbbl 20,000 400,000 Cum…
TMS Modern Offset Wells The monthly oil production data for well data used to compile the graph on slide 12 of modern offset wells is summarized in the table below Denkmann Longleaf 29H Longleaf 29H Mathis 29- Mathis 29- Lawson 25- C.…
TMS vs Eagle Ford Wells TMS Wells 1. Of the approximate 80 wells drilled in the TMS, 57 wells have been drilled within the Australis designated TMS Core Area. 2. Of the 57 wells, 5 have been excluded from this analysis of the…
Footnotes 1. Where a mineral rights tenement is subject to an existing lease, but that lease is nearing its primary term or extension period expiry date and its commitment terms are unlikely to be met then a Top Lease provides a…
Glossary Unit Measure Unit Measure B Prefix - Billions bbl Barrel of oil MM Prefix - Millions boe Barrel of oil equivalent (1bbl = 6 mscf) M Prefix - Thousands scf Standard cubic foot of gas /d Suffix - per day Abbreviation…
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