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Excellence in Oil and Gas – Empire Energy Ep

Empire Energy Ep · Mar 12, 2014 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Excellence in Oil and Gas – Empire Energy Ep – slide 1
    EMPIRE ENERGY GROUP ACHIEVING SIGNIFICANCE IN THE OIL & GAS INDUSTRY
  2. Excellence in Oil and Gas – Empire Energy Ep – slide 2
    3 Empire Energy Low Production Risk, Generates Consistent, Growing E&P Positive Cashflow Company with accretive acquisitions in pipeline Strong Management Team Multi Tcf / MMBbl Shale Assets in Northern Territory & 3 New…
  3. Excellence in Oil and Gas – Empire Energy Ep – slide 3
    4 Corporate Snap-Shot ASX:EEG OTC-QX:EEGNY Share price and volumes over the past year Share Price = US0.09 Mkt Cap = US28mm Price and volume 2.5 0.16 Debt = US41mm Cash = US 3mm 2.0 EV = US66mm 0.14 Share price () GP…
  4. Excellence in Oil and Gas – Empire Energy Ep – slide 4
    5 USA Operations Appalachian Basin Conventional oil & gas 2,000 operating wells 99% working interest -1,000Boe/d 225,000 gross acres Marcellus 190,000 gross acres Utica Shale Operator Mid-Continental Conventional oil & gas…
  5. Excellence in Oil and Gas – Empire Energy Ep – slide 5
    6 Operations Outlook Address the significant differential between market & asset value Continue accretive US growth strategy target PDP oil/gas assets Exploration program in highly prospective McArthur Basin, NT Active leasing…
  6. Excellence in Oil and Gas – Empire Energy Ep – slide 6
    7 Summary of Operations US Assets First 12 months (FTM) Op. Cashflow - Six Monthly Revenue = 25 million 16,000 14,000 EBITDAX = 12.5 million 12,000 10,000 '000 8,000 Oil/Gas Revenue 60%/40% 6,000 4,000 2,000…
  7. Excellence in Oil and Gas – Empire Energy Ep – slide 7
    8 Operations US Assets Production - Boe/mth Reserves - 2P MBoe 50,000 20,000 45,000 18,000 40,000 16,000 35,000 14,000 Total 2P (MBoe) 30,000 12,000 Boe/month 25,000 10,000 20,000 8,000 15,000 6,000 10,000…
  8. Excellence in Oil and Gas – Empire Energy Ep – slide 8
    9 Production Valuation US Assets Current Benchmark EV EV/1P BOE EV/PV10 EV/EBITDAX EV/Production Current EV 66,000 Average (1) 26.00 193.0% 6.40 103,507 MicroCap Median (1) 22.00 157.0% 5.20 101,777 GHS For…
  9. Excellence in Oil and Gas – Empire Energy Ep – slide 9
    10 Financial Valuation US Assets EV/TTM Net Debt/ Net Debt/ TTM EBITDAX/ Current Benchmark EV EV/Net Debt EBITDAX Mkt Cap TTM EBITDAX Interest Current EV 66,000 Average (1) 17.60 2.21 103% 2.80 MicroCap Median (1) 6.30 2.98…
  10. Excellence in Oil and Gas – Empire Energy Ep – slide 10
    11 US Model - Cash Generation Assumptions: Existing PDP & PDNP wells only 80% net cash for debt repayment Current - 40 mm debt Net Income (14 yrs) = 107 mm Based on Eco. Reserve Models Based on SEC pricing…
  11. Excellence in Oil and Gas – Empire Energy Ep – slide 11
    12 Unconventional: Marcellus Shale NY/PA 224,000 gross acres WI = 99% 89% of acreage HBP Minimal holding costs Majority leases in oil/wet gas zone Adjacent to the Bradford Oil Field, one of the worlds first giant oil…
  12. Excellence in Oil and Gas – Empire Energy Ep – slide 12
    13 Unconventional: Utica Shale - NY/PA Utica higher carbonate/less clay than Marcellus 190,000 gross acres 50% of leases HBP Minimal holding costs Leases across all maturation zones Thickness = 200-300ft Resource(P50) =…
  13. Excellence in Oil and Gas – Empire Energy Ep – slide 13
    14 US Shale Acreage Valuation The majority of acreage is Held by Production providing free option land value Marcellus & Utica Assets are primarily in New York State which is subject to a fracking moratorium Total Acres Acres…
  14. Excellence in Oil and Gas – Empire Energy Ep – slide 14
    15 Reserves Undiscounted Oil (Mbbls) Gas (MMcf) Boe (Mbbls) NPV at 10% cashflow Reserves As of Jan 1, 2014 USM USM Proved Developed Producing 2,341 31,627 7,612 190,799 87,098 Proved Developed Non-producing 243 31 243 17,271…
  15. Excellence in Oil and Gas – Empire Energy Ep – slide 15
    11/03/2014 16 Australian Operations Tenements cover 14.6 million acres Barney Creek Shale Trough 10mm ac Proven hydrocarbon system 100% ownership EP 184 & 187 granted Remainder EPAs in 2014 Strong liquids potential…
  16. Excellence in Oil and Gas – Empire Energy Ep – slide 16
    11/03/2014 17 McArthur Basin Compared to Major Proterozoic Petroleum Producing Basins Oman Basin: Proven 9.4BBOE Potential 5.1BBOE McArthur Basin: Siberia Basin: Hydrocarbon proven Proven 26.5BBO+152TCFG Potential - to be…
  17. Excellence in Oil and Gas – Empire Energy Ep – slide 17
    11/03/2014 18 McArthur Basin - Geology Proven petroleum systems Barney Creek Fm 1.64 Billion years old Up to 900m thick Gove Thick organic marine shales Deep EP(A) 180 High TOCs +7.0% (Cooper Basin 2-3%) water port Low CO2…
  18. Excellence in Oil and Gas – Empire Energy Ep – slide 18
    11/03/2014 19 Outcomes McArthur Basin is Frontier Exploration Calculation of prospective hydro- carbons based on work by Crick et. al. (liquids/wet gas): Velkerri - bbl/ha =124,000 (Crick) 3D mapping of the Basin constructed…
  19. Excellence in Oil and Gas – Empire Energy Ep – slide 19
    11/03/2014 20 Program 2014/15 Common Risk Segment Profiles developed for all tenements Identified 22 coring targets and 26 four-way dip closed anticlineal structures 2 large scale previously unidentified sub-basins defined…
  20. Excellence in Oil and Gas – Empire Energy Ep – slide 20
    11/03/2014 21 Frontier Exploration - Land Valuation Operators with farm-in Partner Partner Net - Partner Year partners Partner WI State Basin Commitment A mm Gross - Ac (mm) Ac (mm) A/ac 2010 Buru Energy Mitsuibishi 50.0% WA…
  21. Excellence in Oil and Gas – Empire Energy Ep – slide 21
    22 US Operations 6 monthly EBITDA Description Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 (2) Net Production: Oil Production - Bbls 414 55,657 88,331 90,467 92,495 90,426 84,235 84,235 Gas Production - Mcf 1,037,346…
  22. Excellence in Oil and Gas – Empire Energy Ep – slide 22
    23 Appendix 1 Mkt Cap EV EV/Mkt Cap Code Company MM MM MM AXAS Abraxas Petroleum Corp. 297 409 1.38 BPZ BPZ Resources Inc. 232 366 1.58 CPE Callon Petroleum Company 272 407 1.50 DBLE Double Eagle Petroleum Company 25 107 4.28…
  23. Excellence in Oil and Gas – Empire Energy Ep – slide 23
    24 Contact Details Australia United States of America Empire Energy Group Limited Empire Energy Holdings, Inc Level 7, 151 Macquarie Street 380 Southpointe Blvd, Suite 130 Sydney, NSW 2000 Canonsburg, PA 15317 Ph: + 61 2 9251 1846…

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