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Corporate Presentation – Target Energy Limited

Target Energy Limited · Aug 31, 2014 · 21 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. Corporate Presentation – Target Energy Limited – slide 1
    TARGET ENERGY LIMITED CORPORATE PRESENTATION AUGUST 2014
  2. Corporate Presentation – Target Energy Limited – slide 2
    COMPANY SNAPSHOT Overview Key Metrics US Permian Basin and Gulf Coast, oil focused ASX Code TEX OTCQX Code (US) TEXQY Offices in Houston, Texas and Perth, Western Australia Shares on issue1 453.7m Producing oil & gas and generating…
  3. Corporate Presentation – Target Energy Limited – slide 3
    CLEARLY DEFINED STRATEGY Targets strategy has three key elements which focus on proven oil basins, attractive well economics and partnerships. Strategy Aerial View of the Howard Glasscock Field, adjacent to Targets Permian Basin leases…
  4. Corporate Presentation – Target Energy Limited – slide 4
    ALIGNED BOARD AND MANAGEMENT BA, MA Economics and Law (Cambridge) Chris Rowe Over 35 years of legal and commercial experience in the oil and gas and resources sector 13.0m shares Chairman of ASX listed Northern Star Resources and…
  5. Corporate Presentation – Target Energy Limited – slide 5
    CONTENTS I. PERMIAN BASIN OVERVIEW I. PERMIAN BASIN OVERVIEW I. PERMIAN BASIN OVERVIEW II. TARGETS ASSETS III. CORPORATE Felderhoff rig drilling the Darwin 1 well August 2012 6
  6. Corporate Presentation – Target Energy Limited – slide 6
    PERMIAN BASIN The Permian Basin is the most prolific and coveted onshore basin in the US. Regional Map of Permian Basin 1 Current daily production: 1.3 million barrels of oil and 4 billion cubic Target Energy Leases feet of gas; more…
  7. Corporate Presentation – Target Energy Limited – slide 7
    STACKED PAY, THE KEY DIFFERENTIATOR Stacked pay increases the volume of oil in place and reduces risk. A comparison of resistivity logs in US shale oil plays Stacked pay: Midland Basin resistivity logs illustrate (in red) multiple…
  8. Corporate Presentation – Target Energy Limited – slide 8
    WHY THE PERMIAN BASIN GO WHERE THE OIL IS Spraberry / Wolfcamp field in the Permian Basin is the worlds second largest oil field. Worlds Largest Oil Fields (BBOE) 1,2 100 160 90 80 Total Recoverable Resource 70 60…
  9. Corporate Presentation – Target Energy Limited – slide 9
    PERMIAN BASIN A BLUE CHIP BASIN Oil majors are highly active in the Permian Basin. 2014 Permian Basin Capital Budgets of Leading Independents 1 2013 Hydrocarbon Production Market Cap. 2 2014 Permian Basin Capex Budget Company Name…
  10. Corporate Presentation – Target Energy Limited – slide 10
    CONTENTS II. TARGETS ASSETS I. PERMIAN BASIN OVERVIEW II. TARGETS ASSETS III. CORPORATE Oil tanks at East Chalkley 11
  11. Corporate Presentation – Target Energy Limited – slide 11
    PERMIAN BASIN FAIRWAY PROJECT Target retains its focus on the Permian Basin focused company and is committed to expanding its high quality portfolio. Map of Targets Fairway Project in the Midland Basin4 Location Howard & Glasscock…
  12. Corporate Presentation – Target Energy Limited – slide 12
    PERMIAN BASIN FAIRWAY DEVELOPMENT PLAN Multiple potential completions per well.1 Phase 1 Fusselman Phase 2 Wolfberry Cline Upside 3,900 -5,700 Clearfork 3,900 -5,700 Clearfork 3,900 -5,700 Clearfork Upper Spraberry Upper Spraberry…
  13. Corporate Presentation – Target Energy Limited – slide 13
    PERMIAN BASIN FAIRWAY ACTIVITY The accelerated pace of drilling is starting to show through increasing production figures. Fairway Project Planned Activity 20141 Fairway Project Gross Quarterly Production FY14 (BOEPD) Wagga Wagga 1…
  14. Corporate Presentation – Target Energy Limited – slide 14
    PERMIAN BASIN FAIRWAY PRODUCTION GROWTH Cash margins are strong at Fairway and production is estimated to rise c.110% by the end of 2014. Lease Operating Expenses, Taxes and Cash Margins (/boe) Estimated Average Daily Net Production1,2…
  15. Corporate Presentation – Target Energy Limited – slide 15
    PERMIAN BASIN SHALE PLAYS DRIVING GROWTH Fairway is positioned in centre of two active shale plays. Map of Apaches Permian Basin Interests1 Execution - Pad Drilling Example (courtesy Laredo Petroleum) 2 Cline shale area Targets…
  16. Corporate Presentation – Target Energy Limited – slide 16
    OTHER ASSETS - EAST CHALKLEY FIELD Partners plan to increase oil recovery through a waterflood. Schematic of the East Chalkley Field, Cameron Parish Acres Held 714 gross / 250 net Working Interest 35% Operator Magnum Hunter…
  17. Corporate Presentation – Target Energy Limited – slide 17
    RESERVES & RESOURCES Reserves assessment at Fairway has increased Targets 2P reserves by 887%. Oil constitutes 79% of 2P reserves. Targets Net Reserve & Resource Position1 Growth in 2P Reserves Net Reserves & Barrels of Oil 1,400…
  18. Corporate Presentation – Target Energy Limited – slide 18
    CONTENTS III. CORPORATE I. PERMIAN BASIN OVERVIEW II. TARGETS ASSETS III. CORPORATE Wellhead at East Chalkley 19
  19. Corporate Presentation – Target Energy Limited – slide 19
    CASH FLOWS Production and cash flows are expected to grow strongly in the second half of CY14. Comments Projected Cashflow Waterfall, June to December 2014 (USm) Operating cash flows: expected to rise materially as new wells 10.0…
  20. Corporate Presentation – Target Energy Limited – slide 20
    SUMMARY Production growth in the Permian Basin is expected to surpass all other US onshore basins Target Energy is one of very few Australian listed companies that has an established and growing foothold in this prolific basin…
  21. Corporate Presentation – Target Energy Limited – slide 21
    TARGET ENERGY LIMITED AUSTRALIA 6 RICHARDSON STREET, SUITE 5 WEST PERTH, WA 6005 T: +61 8 9476 9000 F: +61 8 9476 9099 USA 1900 ST JAMES PLACE, SUITE 425 HOUSTON, TEXAS 77056 T: +1 713 275 9800 F: +1 713 275 0999 TARGETENERGY.COM.AU 275…

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