EMPIRE ENERGY GROUP LIMITED USA Investor Presentation April 2015
Company History Dec. 06: 2009: Dec. 09: Dec. 10: 2012-2015: Purchased PA Identified large Acquired Acquired KS Bolt-on oil & gas gas assets & prospective NY gas assets & oil assets acquisitions equipment Shale Basin in 320k gross…
Highlights Producing Assets With Development Focused on oil & gas assets with low production risk Options Balanced reserve base on value: 70% oil & 30% gas & Quality asset base with significant oil exposure in the Mid-Con, USA…
Corporate Snap-Shot ASX:EEG OTC-QX:EEGNY Share Price = US0.02 Mkt Cap = US6mm Debt = US42mm Share price/volume over the past 12 months Cash = US 3mm Unrealised Hedges = US10mm EV = US45mm Proposed NY Fracking ban announced…
Operations 281,533 net acres 24,236 net acres 14.6mm net acres USA conventional oil & gas production Australia conv. & unconventional oil & gas exploration NY, PA, KS, OK: 2P 14.3MMBoe Prospective Resource P(50)…
Reserves & Resources Reserves/Resources * Oil Gas Gross Capex PV0 PV10 Reserves - As of Jan 1, 2015 MBoe (Mbbls) (MMcf) Wells USM USM USM Region (Reserves) - USA Proved Developed Producing 1,792 26,716 6,245 2,108 0 107,097…
USA - Asset Overview Focus - conventional, long-lived, predictable, oil and gas assets Focus - development NOT exploration Development provides low risk opportunities Corporate Office Canonsburg, PA Operating statistics Net…
Stable Track Record Six Monthly Cash Flow - M Annual Production - Boe 30,000 600,000 25,000 500,000 20,000 15,000 400,000 10,000 300,000 5,000 200,000 - 2010 2011 2012 2013 2014 -5,000 100,000 -10,000 0 Revenue EBITDAX…
Growth Strategy & Criteria Grow reserves, production and cash flow with low-risk vertical drilling Mid Con producing oil/gas assets Appalachia producing oil/gas assets New targets production focus on Mid-Con & Western Texas Drill…
Development - Oklahoma STANDARD TYPE CURVE FOR VERTICAL 7.00 WELL - EUR 40MBOE 30.00 6.00 Region Northern Oklahoma 25.00 Proven Mississippian oil field 5.00 20.00 Joint Venture: 4.00 MBbls MMcf 15.00 200 well…
Key Management Founded Empire Energy in 2006 20 years experience in financing resource and property projects in Australasia/Asia Bruce W. McLeod Chairman & CEO Prior, Executive Director for BA Australia Limited a subsidiary of Bank of…
Key Management (cont.) Extensive experience in all operational aspects of the oil and gas industry, including well site activities, Allen C. Boyer, leasing and land agreements, pipeline and compressor construction. SVP Field Previous…
9/04/2015 An Empire Energy Company Australian Asset Overview McArthur Basin, Northern Territory 100% owned subsidiary Imperial Oil & Gas Pty Ltd 15
9/04/2015 Asset Overview An Empire Energy Company Tenements cover 14.6 million acres 100% working interest Royalties 12% at wellhead Barney Creek & Velkerri Shale Basins 2.5 million prospective acres identified Proven…
9/04/2015 Predicted McArthur Basin W An Empire Energy Company Architecture E Projected Location Location of of Shelf Imperial 2014 Imperial 2014 Exploration Wells Exploration Wells Shelf Slope Basin Central Trough Slope…
9/04/2015 An Empire Energy Company Prospective Resource Empire WI = 100% Royalties = 12% Resource estimate considered conservative: Av. thickness of Velkerri & Barney Creek Shale assumed 350ft, but in some sections up to 1,200ft…
9/04/2015 Prospective Resource (Unrisked) An Empire Energy Company (Compared to USA Petroleum Fields) Panhandle, TX USA Fields - OIP (BBoe) Elk Hills, CA McArthur (P50), NT McArthur Basin Wasson, TX Prospective P(50)…
9/04/2015 Early Commercialisation An Empire Energy Company Darwin 2 LNG Plants Commercialisation 3 trains Unique opportunity for initial development along-side pipeline to existing markets EPA 184 Velkerri Shales Shown in…
9/04/2015 Increasing Gas Demand An Empire Energy Company Approval for 2 additional LNG trains ConocoPhillips, the operator of Darwin LNG is presently searching for new gas supply Darwin LNG to backfill its existing train…
9/04/2015 East Coast Demand Shock An Empire Energy Company Gas Consumption pa (Bcf) Residential & Commercial GPG Industrial LNG Losses Total Source: AEMO Annual Consumption for Eastern & SE Australia 22