Oil productivity from Initial Drilling Program demonstrates value of large undeveloped oil position AGM Presentation 29 April 2019 ASX: ATS
Executive Summary Tuscaloosa Marine Shale (TMS) Portugal Appendix
Investment Highlights Large undeveloped TMS oil position with proven economics and multiple near term upside catalysts Early production results from Stewart, Taylor and Williams all exceeding the TMS Type Curve indicating consistent…
Corporate Overview Existing reserves, production and revenue with an institutionally supported register Founded in 2014 with significant capital contribution by Capital Structure (April 2019)(A) the founders & key management of Aurora…
Executive Summary Tuscaloosa Marine Shale (TMS) Portugal Appendix
Large Contiguous Land Position Australis continues to increase and extend the life of its core land position Australis TMS Position Australis TMS Map Land Position Apr 19 Jan 18 HBP (acres) 34,800 27,600 Total Core Area (net acres only…
Initial Drilling Program Objectives Initial well program seeks to demonstrate value proposition by repeating historical well performance at updated cost base. TMS Type Curve Wells Key objectives of TMS Drilling Program: Repeat…
Initial Drilling Program Status & Costs All drilling and completion operations have been executed without any reportable safety or environmental incidents Drilling Operations Summary Well Well StatusA Lateral length drilled of…
Initial Drilling Program Production Results Early production results very encouraging consistent outperformance Oil Production Rates v TMS Type Curve Stewart and Taylor wells are significantly out performing the TMS Type Curve…
Initial Drilling Program Normalised Production Results All wells outperforming the TMS Type Curve on a normalised basis Oil Production Rates v TMS Type Curve (Normalised to 7,200 ft) The same data but now normalised for horizontal…
Initial Drilling Program Results Stewart 30H-1 Stewart continues to outperform the TMS Type Curve TMS Type Curve: Monthly Production Profiles Cumulative Oil Production 118 Days The monthly production profiles show the Stewart well…
Initial Drilling Program Costs and Schedule Extensive planning delivering on-time and on-budget program The drilling program has benefited from an extended period of planning, however lessons continue to be learned in the drilling…
Quarterly Financial & Operational Summary Despite lower realised oil prices, Sales Revenue and Field Netback increased significantly Australis released its quarterly results today. Sales volumes increased substantially by 58% (Qtr on…
Pathway to Value TMS Core acreage has multiple catalysts to realise and increase value Value Catalysts Single Well Economics - Pre-tax NPV10 (US in millions)A Type curves conservatively based on 3.4 14.1 Well historical average well…
Significant Underlying Value Australis continues to add oil inventory on a highly accretive basis Australis business strategy is to accumulate Evolution of Oil Reserves and Resources(1,2) oil in the ground reflected in our…
Austin Chalk Activity Australis holds Austin Chalk rights on the significant majority of its leases Austin Chalk Activity Conoco Phillips (COP) have an active program in close proximity & EOG have just permitted a well in East…
Summary Australis is positioned for significant value generation 1 Large Strategic Position in attractive oil weighted play Position of 115,000 net acres in the TMS core Initial production of Stewart 30H-1, Taylor 17H-1 and Williams…
Executive Summary Tuscaloosa Marine Shale (TMS) Portugal Appendix
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…
Portugal Concessions Status Australis is working with Portuguese Authorities to achieve the necessary regulatory approvals to commence exploration and appraisal activity Work Program to Date Australis has completed a number of detailed…
Executive Summary Tuscaloosa Marine Shale (TMS) Portugal Appendix
Directors & Management Demonstrated track record in oil & gas John Stewart Ian Lusted Darren Wasylucha Non-Executive Chairman Managing Director & CEO Chief Corporate Officer 25 years in the upstream oil and gas industry 25years in…
What is the TMS The TMS is an emerging shale play: its core is comparable with other prolific unconventional plays in the US TMS Location Onshore basin - Louisiana and Mississippi. On trend with Eagle Ford Basin in Texas, similar…
Australis TMS Well Performance The 15 wells drilled in 2014/15 within Australis core acreage demonstrate significantly higher average productivity than the average of other TMS wells drilled in Mississippi Individual 24 Month…
TMS Type Curve Summary of monthly oil production data for the most recent 15 Encana drilled wells an initial drilling program wells Lewis 7- Pintard Lyons Pintard Longleaf Longleaf Mathis Mathis Lawson Ash 13H Ash 13H Sabine Sabine…
Single Well TMS Type Curve ATS type curve is history matched to production from the most recent 15 Mississippi wells (drilled by ECA, operated by ATS) TMS Core TC Assumptions TMS Core Type Curve v TMS Production 250,000 Oil EUR 610…
TMS Value Potential 425 future net well locations with strong economics Single Well Economics and Sensitivities Pre-tax NPV10 (US in millions) 11 million/well 10 million/well7 9 million/well 14.1 13.2 12.2 4.0 4.0 10.7 4.0 9.7…
Single Well Economics IRR Sensitivities 425 future wells with attractive return profile Single Well Economics and Sensitivities Pre-tax IRR D, C & T 11 MM/well D, C & T 10 MM/well7 D, C & T 9 MM/well 113% 89% 79% 71% 62% 73%…
TMS Base Case Economics Key Assumptions The production and opex assumptions are based on history and the capex costs are current third party service providers estimates Base Case Assumptions* Production Forecast EUR (30 Years) 30,000…
Austin Chalk Trend Following recent EOG well results, there is significant activity in the South West targeting Austin Chalk EOG drilled the Eagles Ranch 14H-1 well during Q3 Austin Chalk Trend 2017 A number of companies announced…
YE18 Reserves and Resource Update Australis continues to grow reserves and resources As an ASX participant Australis reports to the SPE TMS Reserves & Resource Estimates1,2 PRMS which requires any undeveloped reserves, Net Oil that…
TMS Crude Oil Price The premium pricing of LLS to other onshore US crude benchmarks has stayed consistently attractive Crude Oil Spot Price, Daily Settlement, US/bbl Because of the proximity of 90 Australis wells to the St. James Oil…
Footnotes 1. All estimates and risk factors taken from Ryder Scott, report prepared as at 31 December 2018 and generated for the Australis concessions to SPE standards. See ASX announcement released on 6 February 2019 titled Reserves…
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