ACHIEVING SIGNIFICANCE IN THE OIL & GAS INDUSTRY PRESENTATION August 2012 EMPIRE ENERGY GROUP LIMITED www.empireenergygroup.net 1
Regions of Operation Empire Energy Group Limited (EEG) Williston Basin, Group Head Office - Sydney, NSW US Headquarters Canonsburg, PA Mississippian Central Kansas Uplift 17,000 gross acres Arbuckle/Lansing KC Oil 18,000 gross…
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Corporate Snapshot Ticker ASX:EEG OTCQX:EEGNY Shares Issued 298.2 million (Insiders 11.4mm) Options Outstanding 27.2 million (Insiders 13.8mm) 52 weeks range US0.10 0.33 Current Share Price US0.20 Market Cap US60 million…
Overview & Guidance Conventional E & P Operations 1,390 Boe/d (36% oil) Field EBITDAX (2012) = US17.6 million EBITDAX (2012) = US14+ million Net Debt/EBITDAX = 3.2x 2P = 11.6 mmBoe 3P+3C = 264.7 MMBoe Current Production - long…
Value Pipeline McArthur Basin, Aust Appalachia, US Appalachia (gas), US Mid-Con (oil), US Shale oil/gas Shale oil +70mmbbls Multi Bbl/Tcf targets Drill bit, Farm-in & Acquisitions Shale Gas +5Tcf (GIP) (Agreement phase) (Existing…
Growth Strategy Provide long term, low risk cash flow increases, through: Accretive acquisitions, meaning a regional focus Operate in areas where comfortable and have operating base Upside potential by acquiring probable and…
Key Objectives & Growth Targets: Double oil production & then double again 1P acquisitions with 2&3P opportunities Drilling programs JV/Farm-in arrangements Milestones: US listing with +5,000 Boe/d Dividend Flow Growth: Bt KS…
Unconventional McArthur Basin Held by Imperial Oil & Gas (100% subsidiary) Large scale shale oil & gas exploration play Negotiations with Traditional Land Owners Target first Licences 4Q 2012 95% Working Interest Shelf:…
McArthur Basin Regional Activity Advantages of Batten Trough Around 50% cheaper to develop than Cooper Basin, only 4,500ft deep (cf 11,000ft) Lower frack pressure due to shallower depth Gas composition shows negligible CO2…
Unconventional Marcellus Shale Oil/wet gas transition zone 200,000 gross ac Leases under staged renewal 140,000 ac held by production Oil Resource P50*= 70.3 MMBbls 2-5 Mbbs/5ac-ft 3% recovery factor Based on 100,000 ac…
Unconventional Utica Shale Oil/wet gas/dry gas transition zone Utica higher carbonate/less clay than Marcellus (similar to Eagleford) 140,000 gross ac Leases under staged renewal Oil/Condensates To be tested in western…
Utica Points to Ponder Utica mineralogy in wells is similar throughout the zone OH-PA-NY-Quebec Utica higher carbonate/less clay than Marcellus (similar to Eagleford) Based on the data available, NY Utica play more structurally…
Early Ohio & PA Utica Wells Select Utica Activity as of August 7, 2012 * Counties are in Ohio unless otherwise noted. Company Well County* Status Chesapeake Thompson 3H Beaver, Pa. 6.4 MMcfd Chesapeake Conglio 6H Columbiana Peak Rate…
ASX Peer Metrics Company Empire Energy Group Aurora Oil & Gas Red Fork Energy ASX Code EEG AUT RFE Issued Share Capital (MM) 298.20 446.60 384.83 Share Price (A) 0.19 3.38 0.68 Market Capitalisation (AMM) 56.62 1,509.51 259.76 Net…
Attractive Valuations Empire Energy Company Aurora Oil & Gas Red Fork Energy Group ASX Code EEG AUT RFE Trading Multiples EV / Boe/d 74,927 284,782 496,258 EV / Acre (/acre) ((1)7.32 if incl Australia) 317(1) 98,917 2,567…
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