Play proven, strategy execution advanced, poised for re-rate ATS has maintained and executed on a clear strategy to create value Identify & Acquire Prove Up Re-Rate Upside Tier 1 acreage position with New wells exceeding Clear…
Corporate Snapshot Board and Management are personally invested, owning 11% of the Company Key statistics (as at 30 June 2019) - USA Portugal Average Production (WI) 2Q 19 2,582 bbl/day Tuscaloosa Marine Shale Lusitanian Basin 115,000…
Why we like the TMS Core The TMS play has a number of unique advantages Average of all 15 wells drilled in 2014 by previous operator forms our TMS Type Curve5 Highly Productive TMS Type Curve is on par or better than most USA Tier 1…
TMS production compares favourably with other basins TMS Type Curve wells productivity outperforms many of the other USA liquid rich plays 2014 TMS Wells (15 wells) averaged 2014 TMS Type Curve v 2017 Basin Average (Cum. Oil…
Australis 2019 wells exceeding the TMS Type Curve Initial wells demonstrate consistent Tier 1 productivity The primary objective of the Australis Cumulative Oil Production v TMS Type Curve (Normalised to 7,200 ft) 2018/19 Initial…
Historical Drilling challenges being resolved Challenge Status Solution 1 Well bore stability Utilised 3D Mechanical Earth Model with Schlumberger Ability to define operating pressure window Resolved and refined with additional…
Large contiguous land position Size and Flexibility Core TMS Land Position Majority of 115,000 acre lease position held without short or medium term Held by Production 34,800 net acres 26% 30% drilling obligations Large drilling units…
Proximity to accessible infrastructure & premium pricing A key differentiator for the TMS compared to other US unconventional plays The TMS produces a light sweet crude (3841 deg API) TMS Infrastructure that achieves LLS pricing, i.e.…
Significant oil reserve and resource position in TMS Reserves (acreage assessed for development)1 197 MMbbls net recoverable oil independently 89 MMbbl assessed as at 31 December 20181, based on 110,000 4 net acres in TMS Core PDP…
Large well inventory each with attractive economics Australis has 425 net well locations which each have a base value of US6.3 million without including upside Single Well Economics NPV10A (US million) 3.4 14.1 1.0 10.7 3.4…
Multiple catalysts for upside Valuation based on conservative assumptions each component has upside Austin Chalk Austin Chalk activity Well Costs proximal to Australis acreage (EOG, Marathon, ConocoPhillips) Well Spacing &…
Significant Austin Chalk optionality Further upside from the Austin Chalk at nominal additional cost Austin Chalk rights over significant majority of acreage Prospective indicators for Austin Chalk Strong hydrocarbon C1 C5 shows whilst…
Financial Balance sheet, cashflow & financing provides capacity for the initial drilling program Cash flow from operations continues to grow and Key Metrics Unit Q2 2019 Q1 2019 Qtr on Qtr H1 2019 funds G&A and leasing activities…
Portugal appraisal opportunity Australis holds two onshore concessions in Portugal with significant gas resources Two concessions awarded in 2015 with significant past work Asset Location undertaken and existing gas discoveries…
Experienced team and strategy drives shareholder returns Delivering on a clearly defined and established strategy Proven Execution Capability Shareholder Return Driven Board and management were the Board and Management own 11% of the…
Additional Information 18
Directors & Management Jon Stewart Alan Watson Steve Scudamore Non-Executive Chairman Non-Executive Director Non-Executive Director - 25 years in the upstream oil and gas industry - 30 years previous experience in international - Over 3…
TMS is an emerging shale play TMS Location Onshore basin - Louisiana and Mississippi. On trend with Eagle Ford Basin in Texas, similar depositional history and age. 80 horizontal wells were drilled from 2010 to 2014 and have…
What is the TMS Type Curve The TMS Type Curve is the average production profile of all 15 Australis wells drilled by the previous operator in 2014 Total oil production per well - initial 24 months (mbbls) 2014 Australis wells -…
Single Well TMS Type Curve TMS Type Curve is a conservative history match to averaged empirical data TMS Type Curve Assumptions TMS Core Type Curve v TMS Production Oil EUR 610 Mbbls 250,000 Gas EUR 159 MMscf 200,000 Oil…
TMS Base Case Economics Key Assumptions The production and opex assumptions are based on history and the capex costs are current development projections Base Case Assumptions* Production Forecast EUR (30 Years) 30,000 700,000 Gas 0.16…
TMS Reserves & Resources1,2 As an ASX participant Australis reports to the SPE PRMS which requires any undeveloped reserves, that are to be Net Oil 2018 Ryder Scott Reserves Estimate assessed for reserves classification, are to be…
Australis production realises higher prices than peers TMS produces quality light sweet crude, 41-39 API, sold at a Q1 premium of 5.50/bbl to WTI (Q2 7/bbl) Average achieved oil price of Eagle Ford and Permian based companies was a…
Portugal Prospectivity & Volumetrics Proposed Work Program Batalha Gas Discovery Batalha Concession Prospects Drill and test the gas discovery with a vertical well Drill and core a deep Lamede well in a Lower Jurassic depocenter…
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