ASX: ATS Euroz Hartleys Energy Snapshot Conference 4 November 2021
TMS Core Opportunity Summary Proven productivity Large position Strong base-case well economics with significant upside 1 Unique Strategic Infrastructure, commodity pricing, field rules, supportive regulator and local Opportunity…
Evolution of the US Shale Industry US unconventional oil production growth has steadied as unconventional industry matures Oil Production declining in key US shale fields other than the Permian which is driving gentle overall…
US shale industry recent drivers and Australis strategy US unconventional growth has steadied as unconventional industry matures Rig count remains low (from YE19: 40% down in Permian, 55% in Eagle Ford and 66% in Bakken). Companies…
TMS Core Path to Development & Partnering Reduction in execution risk through the application of technology and accumulated knowledge Data from over 1B in capex in TMS including: Over 6-year production history 1 Execution De-risked…
Tuscaloosa Marine Shale Production history of 91 horizontal industry wells drilled from 2010 to 2019 have delineated the TMS Core Largest land holder with 100,000 contiguous net acres corresponds to 400 net new well locations…
Significant Oil Reserve and Resource in TMS Core Significant scale - 400 net well locations on existing acreage based on 250 acre well spacing Australis TMS Reserves1 (only 10,400 net acres (10%) assessed Net recoverable oil…
Strong Single Well Economics in TMS Core Tier 1 oil well productivity in the TMS Core Comparison of Ryder Scott estimates to historical well performance Ryder Scott generate three Type Curves for reserve categories. Historical…
Clear path to substantial reduction in well costs Reduced well costs from execution efficiencies and refinement will drive further improvements in economics Starting point of 10.85M - Average well cost for 2018 Current Base case…
Future single well economics - sensitivities Impact of reduced well costs and variable oil price in FFD mode (assumes no improvements to historical well production performance) Short term Medium Medium Short term Medium Medium Base AFE…
Example Development Scenarios Field production growth5 will be dramatic with even modest development cases Chart shows field production with a single rig program (blue) and a 5 rig program (green), the latter ramping up the rig…
Summary Experienced team and sound strategy will ultimately drive shareholder returns. TMS Asset Quality Strategic Advantages of TMS Not guess work Large resource of oil Comparable productivity to best areas in Proximity to…
Appendix 14
Conservative Base Case Economics Assumes completed lateral length of 7,200 ft only, production and opex assumptions are based on history and the capex costs are current estimates (slide 8) Base Case Assumptions* Production Forecast…
Footnotes 1. All estimates and risk factors taken from Ryder Scott, report prepared as at 31 December 2020 and generated for the Australis concessions to SPE standards. See ASX announcement released on 5 February 2021 titled Reserves…
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 Bcf Billion…
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