Australis Oil & Gas Limited Webinar Presentation 17 November 2017 Large strategic acreage position in one of the few emerging oil shale basins in the USA Investor Presentation
Investment Highlights Positioned for significant value accretion Largest acreage holder in the core of the Tuscaloosa Marine Shale (TMS) Operator of TMS oil production per well similar to the best areas within US shale such as Eagle…
Company Snapshot Australis has existing reserves, production and revenue, no debt and a strong institutionally dominated register with significant contribution from Board & Management Listed on the ASX in July 2016 Capital Structure…
Tuscaloosa Marine Shale Tier 1 acreage in an emerging shale province Investor Presentation 5
What is the TMS The TMS is an emerging shale play. The Core is comparable with other prolific shale plays in the US TMS Location Onshore basin - Louisiana and Mississippi On trend with Eagle Ford Basin in Texas, similar depositional…
TMS Oil Productivity vs Other Major Plays TMS core productivity is very strong when compared to the Eagle Ford and Midland plays Average barrels per day oil production over the first 180 days(3,4) 700 Australis TMS Core Type Curve in…
Australis TMS Well Performance The last 15 wells drilled within Australis core acreage demonstrate significantly higher average productivity than the average of other TMS wells drilled in Mississippi Individual 24 Month Cumulative…
Australis TMS Land Position Australis holds a dominant land position within the core of the TMS, with significant undeveloped oil Net Oil Australis TMS Position Australis TMS (after royalties) Reserves1 5 million bbl PDP US95 million…
TMS Economics The TMS Core is economic at current oil prices and current single well cost estimates without assumed productivity improvements, batch drilling or economies that come with development scale Single Well Economics and…
Pathway to Value TMS Core acreage has significant upside with multiple catalysts to create value Value Catalysts Growth Strategy Likely to recover within 1-3 years as Oil Price the global supply market rebalances Continued refinement…
Portuguese Exploration Assets Large, low cost onshore acreage with minimal work commitments Investor Presentation 12
Portugal Concessions Overview Australis owns two concessions onshore Portugal with significant development potential Asset Highlights Asset Location Significant Gas Large in-place discovered and tested gas Resource accumulation with 2C…
Portugal Prospectivity & Volumetrics Appraisal of a gas discovery with multiple nearby prospects and leads with a significant resource base Proposed Work Program Batalha Gas Discovery Batalha Concession Prospects Drill and test the gas…
Australis Oil & Gas Limited Thank you for your time. Investor Presentation
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 landrights as real property However, such rights can…
TMS Core Type Curve 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 Sabine McIntosh…
TMS Core Type Curve The production and opex assumptions are based on history and the capex costs are current third party estimates. Future Well Type Curve Production Forecast Target Lower TMS Mississippi EUR 30,000 700,000 Gas 0.14 bcf…
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) K or k Prefix - Thousands scf Standard cubic foot of gas /d Suffix - per day Abbreviation…