XST Xstate Resources Limited Gary Jeffery Managing Director Good Oil Conference September 2013 Please Note New Office Address: Suite 1, 45 Ord Street West Perth
Corporate Tight Capital Structure: Shares on Issue: 125 Million Director Options 4,6 & 8 cents: 17 Million Top 10: 42% Top 20: 57% Share Price: 0.9 cents Market Cap: 1.1 Million Cash: 400K No Debt Directors: Gary Jeffery Managing…
New strategic direction Maximising cash efficiency by reducing costs Working in areas that are affordable, onshore rather than offshore Building new low-entry-cost asset base for rejuvenating and recapitalising New Investment Areas…
Xstate is now Repositioned for Growth Tunisian Asset Sale for Cash plus Prospective Bonus -Completed June 2013 Indonesian Acquisition Evaluated and Not Pursued after Due Diligence Conventional Onshore California Focus…
California fits Strategic Needs California is an enormous user of energy California is a large importer of energy from other areas California has extensive energy infrastructure, support services and markets (refer to Additional…
California- Oil & Gas Perceptions should be Tested 1930 Today Photo courtesy of Department of Oil Properties, City of Long Beach Photo courtesy of Long Beach Public Library Collection
Oil & Gas in California Multiple Conventional Sandstone Reservoirs Rich Oil & Gas Source Rocks Variety of stacked Oil & Gas Traps USGS Estimates of still to be recovered Conventional Resources: California - 11 Billion barrels…
Counter-cyclic in Sacramento Basin Limited activity in Sacramento Basin. Other explorers are focused on oil basins in southern CA. Room for Xstate to participate at significant 2011-14 Planned scale in Conventional Wells Gas…
Sacramento Basin - California USGS The Sacramento Basin forms the northern half of Californias Central Valley. It is an elongate, northwest-trending structural trough filled with more than 20,000 feet of Early Cretaceous (145 to…
Why do these Opportunities Exist Recent focus of onshore USA exploration is on unconventional shales with high liquid yield sweet spots Sacramento Basin exploration has focussed on known producing reservoir infill opportunities, and…
Under-explored with Modern Methods
Xstate is part of a strong JV in California Local JV Operator (20%) with proven track record drilled over 300 wells in California AOC (40%) is generating Home Grown exploration plays using extensive database of wells, 3D & 2D…
Developing Portfolio - Attractive Attributes Modest current California production as entry to access HBP leases and 3D seismic Significant prospects defined using 3D seismic Onshore drilling opportunities for conventional sandstone…
Opportunities Quantified Xstate and AOC are working on prospects across the spectrum of opportunities identified on this graph, but with emphasis on the High Potential Plays
Xstates Forward Plan Delivering in the Short Term (6-12 months) Production Production Enhancement from existing fields via well re-entry and recompletion Actively Leasing Acreage based on Prospect mapping Farmout- Single Or…
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Additional Information
Boxed area detailed on next slide
Detail of Sacramento Basin Oil and Gas Infrastructure
Unconventional Resources Unconventional shale reservoirs have been identified in the Sacramento Basin and will be drilled through to get to Conventional Reservoirs Geo-pressured Sacramento Basin Shales are identified secondary…
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