Australis Oil & Gas Limited June 2017 Investor Presentation Implementation of corporate strategy has generated a platform for significant growth Investor Presentation
Investment Highlights The recent TMS acquisition has delivered on Australis strategy of securing a significant inventory of oil at a compelling price Large Operated 141,300 net acres of which 22,000 net acres are held by production…
Corporate Snapshot Australis has a tightly held share register with Directors & Management having contributed a significant amount of funding12 Inventory / Production Capital Structure PDP1 5 MMbbl Ordinary Shares 776.4 Options* 103.3…
Corporate History A successfully implemented strategy and a disciplined approach to shareholder capital Australis formed in August 2014 following sale of Aurora Oil & Gas its the same team Strategy set during oil price fall: Secure…
The TMS Delivers on Strategy TMS is one of the few remaining undeveloped US onshore resource plays The Tuscaloosa Marine Shale (TMS) represents a very significant opportunity for Australis, arising principally due to timing and quirks…
Tuscaloosa Marine Shale Tier 1 acreage in an emerging shale province Investor Presentation 7
What is the TMS The Tier 1 acreage in the TMS is comparable with other prolific shale plays in the US TMS Location TMS depositional area of 14 million acres Same age as Eagle Ford. Cretaceous shallow marine environment, more…
bbl / day 100 200 300 400 500 600 700 - Company 1 TMS TC Company 2 Company 3 Company 4 Company 5 TMS Company 6 Company 7 Company 8 Company 9 Oil Production for the first 180 days(3,4) Company 10…
TMS Well Drilling Times TMS drilling times have been reduced over time as operational challenges resolved Australis operated well drilling performance (rig mobilization to rig release) 160 First 10 wells average 72 days 140 120…
Capital Cost Profile of Early TMS Wells Well costs have trended downwards over time in line with other plays Australis conservative well cost estimate US10.8MM for a single well (US1,690/ft)8 Other play participants quoted US8.7MM9 No…
Australis TMS Land Position Australis holds a dominant and strategic land position within the TMS Core Australis Net Acreage Australis TMS Position Australis HBP acres 22,000* Undeveloped Permitted 40,000* Undeveloped Non-permitted…
Reserves and Resources Significant certified reserves and resource base with over 291 future net well locations Ryder Scott Company have TMS Reserves & Resource Assessment (1 Feb 2017) prepared a report with an effective date of 1…
Australis TMS Type Curve Conservative approach to anticipated well performance Australis Type Curve Wells Type curves generated by history matching average well performance, no assumed improvement In Louisiana (Type Curve 1)…
TMS Productivity, Economics & Sensitivities TMS Core acreage is economic at current oil prices The TMS Core is economic at current oil prices and current single well cost estimates (US10-11 million) without assumed improvements, batch…
Operational Update and Forward Program Following acquisition, the initial focus has been extending the lease terms of the primary acreage to beyond 2020 Work Completed Lease Development Management Encana acquisition Maintain lease…
Budget & Estimated Cash Flow Following the Encana acquisition, Australis generates an operating cash flow ensuring a growing cash base in the near-term Apr - Dec 2018 2017 USMMD USMMD Cash end Q1 (31 March) 11 20 Financing…
Portuguese Exploration Assets Large, low cost onshore acreage with minimal work commitments Investor Presentation
Portuguese Concessions - Overview Large onshore acreage position with gas development potential Two onshore concessions (Batalha and Pombal) - Asset Location 620,000 acres or 2,510 km2 NSAI assessed 458 bcf 2C resource (net)2 Total…
Fiscal Terms and Infrastructure Favourable economics with excellent terms and minimal work commitments Exclusive exploration period of 8 years from October 2015 with ability to extend for a further 2 years Tax provisions - Corporate…
Appendices and Additional Slides Investor Presentation 21
Louisiana TMS Type Curve 1 data Summary of monthly oil production data for TMS Modern Offset Wells Well Name Denkmann Longleaf 29H Longleaf 29H Mathis 29- Mathis 29- Lawson 25- Spears 31-6H C. H. Lewis Verberne Blades 33 H Williams…
Single Well Louisiana TMS Type Curve 1 ATS type curve history matched to actual production from TMS Modern Offset Wells5 Louisiana Type Curve 1 Assumptions5 Cumulative Oil Production Oil EUR 499 Mbbls Modern Offset Wells v Australis…
Louisiana TMS Type Curve 1 Base Assumptions: ATS TC1 - Louisiana Production Forecast 30,000 600,000 Future Well Type Curve Target Lower TMS Louisiana 25,000 500,000 EUR Gas 0.13 bcf Oil/Condensate 499 mbbl 20,000 400,000 Cum…
Mississippi TMS Type Curve 2 data Summary of monthly oil production data for the most recent 15 Encana operated modern offset Mississippi wells Lewis 7- Pintard Lyons 35H Pintard Longleaf Longleaf Mathis Mathis Lawson Ash 13H Sabine…
Single Well TMS Mississippi Type Curve 2 ATS type curve history matched to production from the most recent 15 Mississippi ECA wells6 Mississippi Type Curve 2 Assumptions6 Cumulative Oil Production Oil EUR 545 Mbbls Encana Modern…
Mississippi TMS Type Curve 2 Whilst well performance cannot be guaranteed the production and opex assumptions are based on history and the capex costs are current third party estimates. Production Forecast Base Assumptions: ATS TC2 -…
Option Terms Summary Cash payable on Grant date Exercise Price (A) Vesting Expiry Number exercise (A) Directors, Executives & Management 13 Nov 2015 0.25 Vested 31 Dec 2020 19,675,000 4,918,750 13 Nov 2015 0.30 (Series A) Vested 31 Dec…
Petroleum Rights in the TMS Leasing A summary of the leasing system in the US Petroleum Rights In the USA, the rights of access to hydrocarbons are generally attached to the surface landowner as real property However, such rights can…
Footnotes 1. All estimates and risk factors taken from Ryder Scott, report prepared as at 1 February 2017 and generated for the Australis concessions to SPE standards. See ASX announcement titled US Shale Acquisition and A100 Million…
Glossary Unit Measure Unit Measure B Prefix - Billions bbl Barrel of oil MM or mm Prefix - Millions boe Barrel of oil equivalent (1bbl = 6 mscf) M or m Prefix - Thousands scf Standard cubic foot of gas /d Suffix - per day…
Glossary - continued Abbreviation Description WTI West Texas Intermediate Oil Benchmark Price LLS Louisiana Light Sweet Oil Benchmark Price D, C & T Drill, Complete and Tie-in well cost estimate 2D / 3D 2 dimensional and 3…
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