Permex Petroleum is pursuing an aggressive approach focused on growth through its oil and gas assets in Texas and New Mexico. It owns over 11,000 acres of producing oil and gas leases. The company plans to increase production and reserves through recompleting shut-in wells, drilling new wells targeting formations like the Spraberry, and initiating secondary recovery projects using waterflooding. Recent acquisitions have nearly tripled Permex's held by production acreage footprint and increased proved reserves. The company aims to capitalize on the low breakeven economics of its Permian Basin assets to generate profits through development and production.
August 2016 corporate_presentation_final Eclipse resourcesSteve Wittrig
Eclipse Resources is an oil and gas company focused on developing its 115,000 net acres in the core of the Utica Shale and 13,000 net acres in the Marcellus Shale. The presentation highlights Eclipse's strong operational performance, including increasing lateral lengths by 200% while decreasing drilling costs by 50% per foot. Eclipse plans to resume drilling activities in mid-2016 and grow production over 30% year-over-year in 2017 through completing DUCs and operating a one-rig program. The company also discusses its super-lateral drilling program aimed to significantly improve well returns through extending lateral lengths.
- The document is an investor presentation for Parsley Energy that provides an overview of the company's operations and key metrics.
- Parsley is an oil and gas producer focused on the Midland and Delaware Basins with over 138,000 net acres of leasehold.
- In the fourth quarter of 2015, Parsley produced over 25,000 barrels of oil equivalent per day, with oil accounting for 63% of production.
The document provides an overview of the company's fourth quarter and full-year 2015 results. Some key points:
- Production for Q4 was 1.33 MMBoe and 5.53 MMBoe for the full year, in line with guidance. No capital expenditures were incurred in Q4 due to low commodity prices.
- Proved reserves increased 14% year-over-year to 166.6 MMBoe with a PV-10 of $504 million. Drilling replaced 603% of production at a drill-bit F&D cost of $4.32/Boe.
- The company has $177 million in liquidity and reduced total debt from $515.6 million to $
EnerCom’s The Oil and Gas Conference 21 PresentationApproachResources
The document discusses forward-looking statements and provides cautionary statements regarding oil and gas quantities estimates. It then provides an overview of the company, noting it has an enterprise value of $588 million with 167 million barrels of oil equivalent of proved reserves, of which 63% are liquids. It also discusses the company's Permian Basin assets which include 139,000 gross acres and an estimated 1 billion barrels of oil equivalent of unrisked resource potential from 1,800 identified drilling locations.
This document discusses an energy conference presentation by AREX, an oil and gas company. Key points:
- AREX has 163,000 acres in the Permian Basin with an estimated 1 billion barrels of oil equivalent of unrisked resource potential from the Wolfcamp shale play.
- AREX is running 3 horizontal drilling rigs and plans to drill 70 wells in 2014 to develop the Wolfcamp shale, with a goal of 40% production growth.
- Well results have tracked or exceeded AREX's 450 Mboe type curve, with a recent Wolfcamp C well averaging 970 boe/d. Infrastructure investments aim to reduce costs and enable large-scale development.
- The document provides financial and operational highlights for Arex Energy's fourth quarter and full-year 2014 results.
- Key highlights include record revenues and net income for the full year, strong production and reserve growth, capital expenditures below budget, and a flexible capital program for 2015 focused on financial discipline and returns.
- Operational results demonstrated continued strong well performance and recoveries from the Wolfcamp shale play, Arex's core asset.
NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers approximately 1.91 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing info@newzealandenergy.com.
The document provides an overview of New Zealand Energy Corp's assets and planned work program. Key points include:
- NZEC has 1.93 million acres of permits in New Zealand's Taranaki Basin with conventional and unconventional oil and gas opportunities.
- The planned work program focuses on increasing near-term production from existing wells in the Tikorangi and Mt. Messenger formations through recompletions and optimizations.
- Additional opportunities include drilling new wells in the Tikorangi formation to access undeveloped reserves and exploring deeper Kapuni Group targets with multi-TCF potential.
August 2016 corporate_presentation_final Eclipse resourcesSteve Wittrig
Eclipse Resources is an oil and gas company focused on developing its 115,000 net acres in the core of the Utica Shale and 13,000 net acres in the Marcellus Shale. The presentation highlights Eclipse's strong operational performance, including increasing lateral lengths by 200% while decreasing drilling costs by 50% per foot. Eclipse plans to resume drilling activities in mid-2016 and grow production over 30% year-over-year in 2017 through completing DUCs and operating a one-rig program. The company also discusses its super-lateral drilling program aimed to significantly improve well returns through extending lateral lengths.
- The document is an investor presentation for Parsley Energy that provides an overview of the company's operations and key metrics.
- Parsley is an oil and gas producer focused on the Midland and Delaware Basins with over 138,000 net acres of leasehold.
- In the fourth quarter of 2015, Parsley produced over 25,000 barrels of oil equivalent per day, with oil accounting for 63% of production.
The document provides an overview of the company's fourth quarter and full-year 2015 results. Some key points:
- Production for Q4 was 1.33 MMBoe and 5.53 MMBoe for the full year, in line with guidance. No capital expenditures were incurred in Q4 due to low commodity prices.
- Proved reserves increased 14% year-over-year to 166.6 MMBoe with a PV-10 of $504 million. Drilling replaced 603% of production at a drill-bit F&D cost of $4.32/Boe.
- The company has $177 million in liquidity and reduced total debt from $515.6 million to $
EnerCom’s The Oil and Gas Conference 21 PresentationApproachResources
The document discusses forward-looking statements and provides cautionary statements regarding oil and gas quantities estimates. It then provides an overview of the company, noting it has an enterprise value of $588 million with 167 million barrels of oil equivalent of proved reserves, of which 63% are liquids. It also discusses the company's Permian Basin assets which include 139,000 gross acres and an estimated 1 billion barrels of oil equivalent of unrisked resource potential from 1,800 identified drilling locations.
This document discusses an energy conference presentation by AREX, an oil and gas company. Key points:
- AREX has 163,000 acres in the Permian Basin with an estimated 1 billion barrels of oil equivalent of unrisked resource potential from the Wolfcamp shale play.
- AREX is running 3 horizontal drilling rigs and plans to drill 70 wells in 2014 to develop the Wolfcamp shale, with a goal of 40% production growth.
- Well results have tracked or exceeded AREX's 450 Mboe type curve, with a recent Wolfcamp C well averaging 970 boe/d. Infrastructure investments aim to reduce costs and enable large-scale development.
- The document provides financial and operational highlights for Arex Energy's fourth quarter and full-year 2014 results.
- Key highlights include record revenues and net income for the full year, strong production and reserve growth, capital expenditures below budget, and a flexible capital program for 2015 focused on financial discipline and returns.
- Operational results demonstrated continued strong well performance and recoveries from the Wolfcamp shale play, Arex's core asset.
NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers approximately 1.91 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing info@newzealandenergy.com.
The document provides an overview of New Zealand Energy Corp's assets and planned work program. Key points include:
- NZEC has 1.93 million acres of permits in New Zealand's Taranaki Basin with conventional and unconventional oil and gas opportunities.
- The planned work program focuses on increasing near-term production from existing wells in the Tikorangi and Mt. Messenger formations through recompletions and optimizations.
- Additional opportunities include drilling new wells in the Tikorangi formation to access undeveloped reserves and exploring deeper Kapuni Group targets with multi-TCF potential.
EQT Corporation released updated numbers on May 31, 2013 for their estimated ultimate recovery (EUR) rates in the Marcellus Shale. EQT says the average well in southwest PA and WV will produce close to 10 billion cubic feet of natural gas per well over their lifetimes, while wells in central PA will produce around 6 1/2 billion cubic feet on average. The EUR numbers are up from previous estimates.
NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers approximately 1.91 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand.
Analyst PowerPoint presentation used for an analyst call on July 24, 2014 by EQT management. The deck contains a number of useful and interesting slides about EQT's drilling program and midstream (pipeline) operations. EQT continues to be a major player in the Marcellus. They plan to drill their very first Utica well later this year--in Greene County, PA.
- The company reported third quarter 2015 results with record production of 16.6 MBoe/d, up 17% year-over-year.
- Operating costs continued to decrease, with lease operating expenses of $5.04/Boe, a 14% reduction from the prior year.
- The company drilled 4 wells and completed 5 wells in the Wolfcamp B-C zones, with initial production averaging 931 Boe/d.
NZEC has permits covering 1.93 million acres in New Zealand with conventional and unconventional oil and gas opportunities. Its near-term work program focuses on increasing production from existing wells in the Tikorangi and Mt. Messenger formations through low-cost reactivations and uphole completions, with three new wells also planned. This is expected to increase NZEC's production to over 2,300 boe/d by the end of 2014. NZEC also has multi-zone exploration potential across its acreage and will start drilling high-impact exploration wells later in 2014.
The document provides forward-looking statements and cautionary language regarding Jones Energy's presentation. It discusses estimates of potentially recoverable hydrocarbons that are prohibited from being included in SEC filings. It also notes that factors like acquisition success and drilling results could impact estimates of per-well EURs and drilling locations. The document summarizes that Jones Energy operates in the Anadarko and Arkoma basins with a focus on the Cleveland and Woodford formations, and has over 2,500 identified drilling locations across its acreage.
The document provides an operational and financial summary for the 4th quarter of 2013. It discusses the company's asset base which includes over 163,000 gross acres and over 1 billion barrels of estimated oil and gas resources. The company is accelerating development through running 3 horizontal drilling rigs and plans to drill 70 wells in 2014. It highlights the company's track record of reserve and production growth, driven by drilling in the Wolfcamp shale play. Charts show proved reserves increasing 20% in 2013 to over 114 million barrels of oil equivalent and oil production up 49% from 2012. The company aims to grow production 40% in 2014 through increased horizontal drilling in the Wolfcamp.
The document discusses AREX's fourth quarter and full-year 2013 results. Key points include:
- Production for 4Q13 exceeded guidance at 11.3 MBoe/d and was 46% oil.
- Proved reserves increased 20% year-over-year to 114.7 MMBoe, with growth driven by the Wolfcamp shale play.
- The company plans to drill approximately 70 horizontal Wolfcamp wells in 2014 with a 3-rig program, targeting 40% production growth.
The document provides an operational and financial summary for the 4th quarter of 2013. It discusses the company's asset base which includes over 163,000 gross acres and over 1 billion barrels of estimated oil and gas resources. The company is accelerating development through running 3 horizontal drilling rigs and plans to drill 70 wells in 2014. It highlights the company's track record of reserve and production growth, driven by drilling in the Wolfcamp shale play. Charts show proved reserves increasing 20% in 2013 to over 114 million barrels of oil equivalent and oil production up 49% from the prior year. The company aims to grow production 40% in 2014 through increased horizontal drilling in the Wolfcamp.
- NZEC has acquired new permits in Taranaki Basin, New Zealand that have increased its reserves by 150% and provide conventional and unconventional exploration opportunities.
- Its near-term work program focuses on reactivating existing wells to produce from the Tikorangi formation and undertaking uphole completions in existing wells to produce from the Mt. Messenger formation.
- This work is expected to increase the company's production to over 1,355 barrels of oil per day by the end of 2014 at a relatively low cost. The program provides the company with immediate cash flow while also exposing it to additional exploration upside.
Rick Jensen - Policy & Regulatory Experience in British Columbia.Naturgas
1. Nexen has significant shale gas acreage and experience in northeastern British Columbia, Canada, where it has identified large contingent and prospective shale gas resources through drilling and coring wells.
2. Nexen's shale gas wells in the region have been successfully fracked, with strong initial production rates and long-term takeaway capacity secured. Breakeven costs are dropping as Nexen reduces drilling and completion costs and improves productivity.
3. Nexen continues to establish itself as an industry leader through technological improvements such as setting records for the number of hydraulic fracturing stages completed per day.
This corporate presentation from New Zealand Energy Corp outlines their plans to increase oil production and cash flow from their assets in the Taranaki Basin of New Zealand. Key points include:
- Reactivating existing wells to produce from the proven Tikorangi formation, with an expected 780 bbl/d of net production to NZEC by the end of 2014.
- Conducting uphole completions and drilling new wells in the Mt. Messenger formation, with an expected 575 bbl/d of net production to NZEC by the end of 2014.
- Drilling two new wells in the Tikorangi formation, expected to add 570 bbl/d of net production
Scotia Howard Weil 43rd Annual Energy Conference PresentationApproachResources
The document discusses forward-looking statements and cautions that actual results may differ substantially from estimates. It provides an overview of Arena Energy, including its enterprise value, asset base in the Midland Basin with over 1 billion barrels of estimated resource potential, and capital program focused on flexibility and returns. Arena has a low-risk, oil-rich asset base and a strong financial and liquidity position to withstand commodity price volatility.
The document summarizes Arex Energy's second quarter 2016 results. It discusses:
- Low operating costs of $4.56 per barrel of oil equivalent and record low drilling and completion costs of $3.7 million per well.
- Average production of 12.6 thousand barrels of oil equivalent per day, exceeding guidance. New wells are outperforming type curves.
- Revenues of $22.4 million and EBITDAX of $13.7 million. Capital expenditures were $6.9 million, aligned with cash flow. The company has $51 million in liquidity.
- The document is an investor presentation from Parsley Energy that provides an overview of the company and highlights its strong position.
- Parsley has grown production 55% year-over-year in 2015 and expects 35-50% growth in 2016, with oil production up 62% at the midpoint of guidance.
- The company has premier acreage in the Midland Basin core, where its Wolfcamp A and B wells are tracking above a 1 MMBoe estimated ultimate recovery type curve and generating over 40% returns at current prices.
- Parsley has a strong financial position with $770 million in liquidity and anticipated oil hedges covering 2016 production.
The document discusses NZEC's oil and gas assets in New Zealand and outlines its exploration and production strategy. NZEC has three wells currently in production in the Taranaki Basin generating positive cash flow. It is undertaking an eight-well exploration campaign targeting the multi-zone Mt. Messenger formation. NZEC has a large land position with both conventional and unconventional resource potential. It is pursuing growth through acquisitions and partnerships. The presentation also provides an overview of a strategic acquisition that will expand NZEC's acreage position and midstream infrastructure in the core Taranaki fairway.
Far East Energy Corporation provides a corporate presentation on their coalbed methane assets and operations in China. The presentation contains cautionary statements about forward-looking estimates and describes various resource categories like original gas-in-place and recoverable resources that are not consistent with SEC reserve definitions. It also notes that results may vary from estimates in studies and additional information is provided on how reserves and valuations are calculated.
The document provides cautionary statements regarding forward-looking statements in the presentation. It notes that actual results can differ materially from expectations due to risks and uncertainties described in Chesapeake's SEC filings. It also defines terms used in the presentation like PV10, estimated ultimate recovery, and resource potential that are more speculative than proved reserves. The SEC prohibits including these estimates in filings.
This corporate presentation from New Zealand Energy Corp outlines their plans to increase production and cash flow from their assets in New Zealand. It summarizes that NZEC has acquired additional permits increasing their reserves by 150% and now owns a full-cycle production facility. It details NZEC's planned work program to reactivate existing wells in the Tikorangi formation and undertake uphole completions and drill new wells in the Mt Messenger formation between late 2013 and 2014. Forecasts indicate this could increase NZEC's production and cash flow significantly by the end of 2014. The presentation also provides an overview of NZEC's other permit areas and conventional and unconventional resource potential across their lands.
This document contains forward-looking statements regarding activities, events, developments, and financial results that could differ from actual results. It discusses the company's Wolfcamp shale resource play, estimated resource potential, drilling locations, capital expenditures, well results, and guidance. The document cautions that estimates of unproved reserves and resource potential could change significantly as additional data becomes available. It provides an overview of the company, including its asset base, reserve growth history, second quarter 2015 highlights showing production and cost improvements, and discussion of its low-cost structure enabled by infrastructure like its water recycling facility.
Based in Ann Arbor, Michigan, Zomedica is a veterinary health company creating diagnostic and therapeutic products for horses, dogs, and cats by focusing on the unmet needs of clinical veterinarians. With modest cash burn and a strong balance sheet, including $142.4 million cash and cash equivalents as of June 30, 2023, Zomedica is well-positioned to fund both organic growth and acquisitions.
Docola has developed a healthcare communication platform that utilizes asynchronous telehealth to deliver patient education and support. Their proprietary platform currently has over 55,000 patient users and over 1,100 clinician users. Docola seeks to raise up to $500,000 through a convertible note to fund working capital, research and development, and costs associated with an upcoming IPO.
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Similar to Permex Petroleum Investors Presentation June 2022
EQT Corporation released updated numbers on May 31, 2013 for their estimated ultimate recovery (EUR) rates in the Marcellus Shale. EQT says the average well in southwest PA and WV will produce close to 10 billion cubic feet of natural gas per well over their lifetimes, while wells in central PA will produce around 6 1/2 billion cubic feet on average. The EUR numbers are up from previous estimates.
NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio collectively covers approximately 1.91 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand.
Analyst PowerPoint presentation used for an analyst call on July 24, 2014 by EQT management. The deck contains a number of useful and interesting slides about EQT's drilling program and midstream (pipeline) operations. EQT continues to be a major player in the Marcellus. They plan to drill their very first Utica well later this year--in Greene County, PA.
- The company reported third quarter 2015 results with record production of 16.6 MBoe/d, up 17% year-over-year.
- Operating costs continued to decrease, with lease operating expenses of $5.04/Boe, a 14% reduction from the prior year.
- The company drilled 4 wells and completed 5 wells in the Wolfcamp B-C zones, with initial production averaging 931 Boe/d.
NZEC has permits covering 1.93 million acres in New Zealand with conventional and unconventional oil and gas opportunities. Its near-term work program focuses on increasing production from existing wells in the Tikorangi and Mt. Messenger formations through low-cost reactivations and uphole completions, with three new wells also planned. This is expected to increase NZEC's production to over 2,300 boe/d by the end of 2014. NZEC also has multi-zone exploration potential across its acreage and will start drilling high-impact exploration wells later in 2014.
The document provides forward-looking statements and cautionary language regarding Jones Energy's presentation. It discusses estimates of potentially recoverable hydrocarbons that are prohibited from being included in SEC filings. It also notes that factors like acquisition success and drilling results could impact estimates of per-well EURs and drilling locations. The document summarizes that Jones Energy operates in the Anadarko and Arkoma basins with a focus on the Cleveland and Woodford formations, and has over 2,500 identified drilling locations across its acreage.
The document provides an operational and financial summary for the 4th quarter of 2013. It discusses the company's asset base which includes over 163,000 gross acres and over 1 billion barrels of estimated oil and gas resources. The company is accelerating development through running 3 horizontal drilling rigs and plans to drill 70 wells in 2014. It highlights the company's track record of reserve and production growth, driven by drilling in the Wolfcamp shale play. Charts show proved reserves increasing 20% in 2013 to over 114 million barrels of oil equivalent and oil production up 49% from 2012. The company aims to grow production 40% in 2014 through increased horizontal drilling in the Wolfcamp.
The document discusses AREX's fourth quarter and full-year 2013 results. Key points include:
- Production for 4Q13 exceeded guidance at 11.3 MBoe/d and was 46% oil.
- Proved reserves increased 20% year-over-year to 114.7 MMBoe, with growth driven by the Wolfcamp shale play.
- The company plans to drill approximately 70 horizontal Wolfcamp wells in 2014 with a 3-rig program, targeting 40% production growth.
The document provides an operational and financial summary for the 4th quarter of 2013. It discusses the company's asset base which includes over 163,000 gross acres and over 1 billion barrels of estimated oil and gas resources. The company is accelerating development through running 3 horizontal drilling rigs and plans to drill 70 wells in 2014. It highlights the company's track record of reserve and production growth, driven by drilling in the Wolfcamp shale play. Charts show proved reserves increasing 20% in 2013 to over 114 million barrels of oil equivalent and oil production up 49% from the prior year. The company aims to grow production 40% in 2014 through increased horizontal drilling in the Wolfcamp.
- NZEC has acquired new permits in Taranaki Basin, New Zealand that have increased its reserves by 150% and provide conventional and unconventional exploration opportunities.
- Its near-term work program focuses on reactivating existing wells to produce from the Tikorangi formation and undertaking uphole completions in existing wells to produce from the Mt. Messenger formation.
- This work is expected to increase the company's production to over 1,355 barrels of oil per day by the end of 2014 at a relatively low cost. The program provides the company with immediate cash flow while also exposing it to additional exploration upside.
Rick Jensen - Policy & Regulatory Experience in British Columbia.Naturgas
1. Nexen has significant shale gas acreage and experience in northeastern British Columbia, Canada, where it has identified large contingent and prospective shale gas resources through drilling and coring wells.
2. Nexen's shale gas wells in the region have been successfully fracked, with strong initial production rates and long-term takeaway capacity secured. Breakeven costs are dropping as Nexen reduces drilling and completion costs and improves productivity.
3. Nexen continues to establish itself as an industry leader through technological improvements such as setting records for the number of hydraulic fracturing stages completed per day.
This corporate presentation from New Zealand Energy Corp outlines their plans to increase oil production and cash flow from their assets in the Taranaki Basin of New Zealand. Key points include:
- Reactivating existing wells to produce from the proven Tikorangi formation, with an expected 780 bbl/d of net production to NZEC by the end of 2014.
- Conducting uphole completions and drilling new wells in the Mt. Messenger formation, with an expected 575 bbl/d of net production to NZEC by the end of 2014.
- Drilling two new wells in the Tikorangi formation, expected to add 570 bbl/d of net production
Scotia Howard Weil 43rd Annual Energy Conference PresentationApproachResources
The document discusses forward-looking statements and cautions that actual results may differ substantially from estimates. It provides an overview of Arena Energy, including its enterprise value, asset base in the Midland Basin with over 1 billion barrels of estimated resource potential, and capital program focused on flexibility and returns. Arena has a low-risk, oil-rich asset base and a strong financial and liquidity position to withstand commodity price volatility.
The document summarizes Arex Energy's second quarter 2016 results. It discusses:
- Low operating costs of $4.56 per barrel of oil equivalent and record low drilling and completion costs of $3.7 million per well.
- Average production of 12.6 thousand barrels of oil equivalent per day, exceeding guidance. New wells are outperforming type curves.
- Revenues of $22.4 million and EBITDAX of $13.7 million. Capital expenditures were $6.9 million, aligned with cash flow. The company has $51 million in liquidity.
- The document is an investor presentation from Parsley Energy that provides an overview of the company and highlights its strong position.
- Parsley has grown production 55% year-over-year in 2015 and expects 35-50% growth in 2016, with oil production up 62% at the midpoint of guidance.
- The company has premier acreage in the Midland Basin core, where its Wolfcamp A and B wells are tracking above a 1 MMBoe estimated ultimate recovery type curve and generating over 40% returns at current prices.
- Parsley has a strong financial position with $770 million in liquidity and anticipated oil hedges covering 2016 production.
The document discusses NZEC's oil and gas assets in New Zealand and outlines its exploration and production strategy. NZEC has three wells currently in production in the Taranaki Basin generating positive cash flow. It is undertaking an eight-well exploration campaign targeting the multi-zone Mt. Messenger formation. NZEC has a large land position with both conventional and unconventional resource potential. It is pursuing growth through acquisitions and partnerships. The presentation also provides an overview of a strategic acquisition that will expand NZEC's acreage position and midstream infrastructure in the core Taranaki fairway.
Far East Energy Corporation provides a corporate presentation on their coalbed methane assets and operations in China. The presentation contains cautionary statements about forward-looking estimates and describes various resource categories like original gas-in-place and recoverable resources that are not consistent with SEC reserve definitions. It also notes that results may vary from estimates in studies and additional information is provided on how reserves and valuations are calculated.
The document provides cautionary statements regarding forward-looking statements in the presentation. It notes that actual results can differ materially from expectations due to risks and uncertainties described in Chesapeake's SEC filings. It also defines terms used in the presentation like PV10, estimated ultimate recovery, and resource potential that are more speculative than proved reserves. The SEC prohibits including these estimates in filings.
This corporate presentation from New Zealand Energy Corp outlines their plans to increase production and cash flow from their assets in New Zealand. It summarizes that NZEC has acquired additional permits increasing their reserves by 150% and now owns a full-cycle production facility. It details NZEC's planned work program to reactivate existing wells in the Tikorangi formation and undertake uphole completions and drill new wells in the Mt Messenger formation between late 2013 and 2014. Forecasts indicate this could increase NZEC's production and cash flow significantly by the end of 2014. The presentation also provides an overview of NZEC's other permit areas and conventional and unconventional resource potential across their lands.
This document contains forward-looking statements regarding activities, events, developments, and financial results that could differ from actual results. It discusses the company's Wolfcamp shale resource play, estimated resource potential, drilling locations, capital expenditures, well results, and guidance. The document cautions that estimates of unproved reserves and resource potential could change significantly as additional data becomes available. It provides an overview of the company, including its asset base, reserve growth history, second quarter 2015 highlights showing production and cost improvements, and discussion of its low-cost structure enabled by infrastructure like its water recycling facility.
Similar to Permex Petroleum Investors Presentation June 2022 (20)
Based in Ann Arbor, Michigan, Zomedica is a veterinary health company creating diagnostic and therapeutic products for horses, dogs, and cats by focusing on the unmet needs of clinical veterinarians. With modest cash burn and a strong balance sheet, including $142.4 million cash and cash equivalents as of June 30, 2023, Zomedica is well-positioned to fund both organic growth and acquisitions.
Docola has developed a healthcare communication platform that utilizes asynchronous telehealth to deliver patient education and support. Their proprietary platform currently has over 55,000 patient users and over 1,100 clinician users. Docola seeks to raise up to $500,000 through a convertible note to fund working capital, research and development, and costs associated with an upcoming IPO.
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Everything Blockchain builds platforms of trust for the modern enterprise and is on a mission to ensure every organization has access to the tools and platforms that enable them to manage, store, and protect data without the cost and complexity that holds them back today. The Company’s patented advances in engineering deliver the essential elements needed for real-world business use: speed, security, and efficiency. Everything Blockchain’s current business lines include: EB Advise, Build DB and EB Control.
ASP Isotope is an isotope enrichment company utilizing technology developed in South Africa over the past 20 years to enrich isotopes of elements or molecules with low atomic masses. Many of these elements are unsuitable for enrichment using traditional methods such as centrifuges. The Company’s initial focus is on producing and commercializing highly enriched isotopes for the healthcare and technology industries.
MDNA Life Sciences is a pioneer in the science of mitochondrial DNA. It’s our mission to create an extensive portfolio of proprietary tests that dramatically improve diagnosis, treatment, prognosis and monitoring. Putting an end to the unnecessary surgical procedures, pain and uncertainty that affect patients across the world.
Digital Ally, Inc. is a diversified holding company with operations in video solution technology, human and animal health protection products, healthcare revenue cycle management, ticket brokering and marketing, and event production. The Company pursues an acquisition strategy that targets organizations with positive earnings, strong growth potential, innovation, and operational synergies. To maximize long-term shareholder value, Digital Ally intends to spin-off its ticketing and entertainment business lines into a separate public company in 2023. The spin-off will create two optimized, tech-driven public companies with strong growth opportunities and operating metrics.
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Aditxt is a biotech company developing immune monitoring and immune modulation platforms. Its AditxtScore platform can provide comprehensive immune profiles to monitor responses to pathogens, vaccines, drugs and transplants. Its Adimune platform aims to modulate the immune system to treat conditions like psoriasis, type 1 diabetes, and increase skin allograft survival. The company is working to develop, operate and commercialize these platforms. It currently generates revenue from immune monitoring tests and expects revenue from licensing deals for immune modulation programs as they advance in clinical trials towards commercialization.
1847 Holdings LLC, a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue and Principal of Lazard Freres Strategic Realty Investors. EFSH's investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises and lower-middle market businesses with limited exit options, despite the intrinsic value of their business. Given this dynamic, EFSH can consistently acquire "solid" businesses for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at considerably higher valuations than the purchase price (as successfully demonstrated with the mid-2020 IPO of 1847 Goedeker on the NYSE American) and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to EFSH's ability to pay regular and special dividends to shareholders.
Sharps Technology is a medical device and pharmaceutical packaging company specializing in the development and manufacturing of innovative drug delivery systems. The Company’s product lines focus on low waste and ultra-low waste syringe technologies that incorporate both passive and active safety features. These features protect front line healthcare workers from life-threatening needle stick injuries and protect the public from needle re-use. Sharps Technology has extensive expertise in specialized prefilled syringe systems and is on track to launch this new product line in Q4 2023. The Company has a manufacturing facility in Hungary and has partnered with Nephron Pharmaceuticals to expand its manufacturing capacity in the US.
SPI Energy is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions that was founded in 2006 in Roseville, California and is headquartered in McClellan Park, California. The Company has three core divisions: SolarJuice which has solar wholesale distribution, as well as residential solar and roofing installation and solar module manufacturing (Solar4America & SEM Wafertech), SPI Solar and Orange Power which operates a commercial & utility solar division, and the EdisonFuture/Phoenix Motor EV division. SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets and has extensive operations in the Asia Pacific and North America markets. The SPI Solar commercial & utility solar division provides a full spectrum of EPC services to third party project developers, and develops, owns and operates solar projects that sell electricity to the grid in multiple regions, including the U.S., U.K., and Europe. Phoenix Motor is a leader in medium-duty commercial electric vehicles, and is developing EV charger solutions, electric pickup trucks, electric forklifts, and other EV products. SPI maintains global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green energy industries such as battery storage, charging stations, and other EVs which leverage the Company's expertise and substantial solar cash flow.
BullFrog AI is a technology enabled drug development company using machine learning to usher in a new era of precision medicine. Through its collaborations with leading research institutions, including Johns Hopkins University and J. Craig Venter Institute, BullFrog AI is at the forefront of AI-driven drug development. Using its proprietary bfLEAP™ artificial intelligence platform, BullFrog AI aims to enable the successful development of pharmaceuticals and biologics by predicting which patients will respond to therapies in development. BullFrog AI is deploying bfLEAP™ for use at several critical stages of development with the intention of streamlining data analytics in therapeutics development, decreasing the overall development costs by decreasing failure rates for new therapeutics, and impacting the lives of countless patients that may have otherwise not received the therapies they need.
BullFrog AI is a technology enabled drug development company using machine learning to usher in a new era of precision medicine. Through its collaborations with leading research institutions, including Johns Hopkins University and J. Craig Venter Institute, BullFrog AI is at the forefront of AI-driven drug development. Using its proprietary bfLEAP™ artificial intelligence platform, BullFrog AI aims to enable the successful development of pharmaceuticals and biologics by predicting which patients will respond to therapies in development. BullFrog AI is deploying bfLEAP™ for use at several critical stages of development with the intention of streamlining data analytics in therapeutics development, decreasing the overall development costs by decreasing failure rates for new therapeutics, and impacting the lives of countless patients that may have otherwise not received the therapies they need.
BioVie is a clinical-stage company developing what it believes will be transformative therapies to overcome unmet medical needs in neurodegeneration and liver disease. The Company is developing NE3107 for Alzheimer’s (AD) and Parkinson’s (PD) and BIV201 for refractory ascites and HRS-AKI.
Lantern Pharma is an AI company transforming the cost, pace, and timeline of oncology drug discovery and development. Our proprietary AI and machine learning (ML) platform, RADR®, leverages over 25 billion oncology-focused data points and a library of 200+ advanced ML algorithms to help solve billion-dollar, real-world problems in oncology drug development. By harnessing the power of AI and with input from world-class scientific advisors and collaborators, we have accelerated the development of our growing pipeline of therapies including eleven cancer indications and an antibody-drug conjugate (ADC) program. On average, our newly developed drug programs have been advanced from initial AI insights to first-in-human clinical trials in 2-3 years and at approximately $1.0-2.0 million per program.
Genetic Technologies is a diversified molecular diagnostics company. A global leader in genomics-based tests in health, wellness and serious disease through its geneType and EasyDNA brands. GENE offers cancer predictive testing and assessment tools to help physicians to improve health outcomes for people around the world. The Company has a proprietary risk stratification platform that has been developed over the past decade and integrates clinical and genetic risk to deliver actionable outcomes to physicians and individuals. Leading the world in risk prediction in oncology, cardiovascular and metabolic diseases, Genetic Technologies continues to develop risk assessment products.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wines by the glass, SALT naturally flavored tequilas, Pulpoloco Sangria, and TapouT performance hydration and recovery drinks and TapouT Cognitive Energy Drink. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wines by the glass, SALT naturally flavored tequilas, Pulpoloco Sangria, and TapouT performance hydration and recovery drinks and TapouT Cognitive Energy Drink. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution.
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2. Forward Looking Statements
This presentation includes certain statements that may be deemed forward - looking statements under applicable securities laws. All statements in this presentation , other than statements of historical facts, that address
future events or developments that Permex Petroleum Corporation (“Permex” or the “Corporation”) expects are forward - looking statements. Forward - looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward looking statements in this
presentation include, but are not limited to, statements with respect to the Corporation’s exploration and development program on its oil and gas leases, reserves estimates and values, enterprise value, operating netback,
pricing assumptions, future income, expected production, expected development costs, future acquisitions and future capital expenditures.
Forward - looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those anticipated in the forward - looking statements. Some of the risks and other factors could cause results to differ materially from those expressed in the forward - looking
statements include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the oil and gas
industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on
acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in oil and gas exploration, development and
production, marketing and transportation; changes in tax laws and incentive programs relating to the oil and gas exploration industry; loss of markets; currency fluctuations; imprecision of reserve estimates; unexpected
decline rates in wells; and wells not performing as expected.
Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although Permex believes the expectations expressed in such forward - looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward - looking statements. Investors should not place undue reliance on these
forward - looking statements, which speak only as of the date of t his presentation. Other than as required under applicable securities laws, Permex does not assume a duty to update these forward - looking statements.
This presentation and, in particular the information in respect of the Corporation's prospective future net income and operating netback, may contain information deemed to be "future-oriented financial information" or a
"financial outlook" (collectively, "FOFI") within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook of the Corporation's activities and results and may not be
appropriate for other purposes. The FOFI has been prepared based on a number of assumptions including the assumptions discussed above. The actual results of operations of the Corporation and the resulting financial
results may vary from the amounts set forth herein, and such variations may be material. The Corporation and management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best
estimates and judgments. Information and facts included in this presentation have been obtained from publicly available and published sources and where appropriate those sources have been cited in this presentation.
Permex does not assume a duty to independently verify publicly available and published sources of information provided by arms length third parties.
CSE: OIL | OTCQB: OILCF | 2
3. Oil & Gas Disclosures
Oil Reserves
All estimates of reserves and future net income contained in this presentation with respect to the Corporation's
properties are derived from reserves reports prepared by MKM Engineering, an independent qualified reserves
evaluator, effective September 30, 2021. MKM Engineering's evaluation was carried out in accordance with
standards set out in the Canadian Oil and Gas Evaluation Handbook, prepared jointly by the Society of Petroleum
Evaluation Engineers (Calgary Chapter) and the Canadian Institute of Mining, Metallurgy & Petroleum (Petroleum
Society).
It should not be assumed that the present value of estimated future net income presented represents the fair
market value of the reserves. There is no assurance that the forecast prices and costs assumptions will be
attained and variances could be material. The recovery and reserve estimates of the Corporations crude oil,
natural gas liquids and natural gas reserves provided herein are estimates only and there is no guarantee that the
estimated reserves will be recovered. Actual crude oil, natural gas and natural gas liquids reserves may be greater
than or less than the estimates provided herein.
All future net income is estimated using forecast prices and costs. Future net income has been presented on a
before tax basis. Estimated values of future net income disclosed herein do not represent fair market value.
The estimates of reserves and future net income for individual properties may not reflect the same confidence
level as estimates of reserves and future net income for all properties, due to the effects of aggregation.
Barrels of Oil Equivalent
Barrel of oil equivalents or BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6
mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude
oil as compared to natural gas is significantly different than the energy equivalency of the 6:1 conversion ratio,
utilizing the 6:1 conversion ratio may be misleading as an indication of value.
Drilling Locations
This presentation discloses drilling locations in two categories: (i) proved locations; and (ii) potential drilling
opportunities. Proved locations, which are sometimes collectively referred to as “booked locations”, are derived
from the Corporation’s most recent independent reserves evaluation as of December 31, 2016 and account for
drilling locations that have associated proven reserves, as applicable. Potential drilling opportunities are internal
estimates based on the Corporation’s prospective acreage and an assumption as to the number of wells that can
be drilled per section based on industry practice and internal review. Potential drilling opportunities do not have
attributed reserves or resources. The Corporation has, based on the December 31, 2016 reserve report and
management's current internal estimate, net proved locations and identified potential drilling opportunities.
Potential drilling opportunities have specifically been identified by management as an estimation of our
experience in drilling activities based on evaluation of applicable geologic, seismic, engineering, production and
reserves data on prospective acreage and geologic formations. The drilling locations on which the Corporation will
actually drill wells will ultimately depend upon the availability of capital, regulatory approvals, seasonal
restrictions, oil and natural gas prices, costs, actual drilling results and other factors. While certain of the potential
drilling opportunities have been de-risked by drilling of wells by the Corporation or other operators in close
proximity to such potential drilling opportunities, the majority of other potential drilling opportunities are farther
away from existing wells where management has less information about the characteristics of the reservoir and
therefore there is more uncertainty whether wells will be drilled in such locations and, if drilled, there is more
uncertainty that such wells will result in additional oil and gas reserves, resources or production.
Oil and Gas Metrics
This presentation contains metrics commonly used in the oil and natural gas industry. Each of these metrics is
determined by the Corporation as set out below. These metrics are "F&D Cost", "Operating Netback" and "Recycle
Ratio". These metrics do not have standardized meanings and may not be comparable to similar measures
presented by other companies. As such, they should not be used to make comparisons. Management uses these
oil and gas metrics for its own performance measurements and to provide shareholders with measures to compare
the Corporation's performance over a period of time, however, such measures are not reliable indicators of the
Corporation's future performance and future performance may not compare to the performance in previous
periods.
"Finding and development costs" or "F&D costs" are calculated by dividing the sum of the total capital
expenditures for the year [inclusive of the net acquisition costs and disposition proceeds] (in dollars) by the
change in reserves within the applicable reserves category [inclusive of changes due to acquisitions and
dispositions] (in boe). F&D costs includes all capital expenditures in the year [inclusive of the net acquisition costs
and disposition proceeds] as well as the change in future development costs required to bring the reserves within
the specified reserves category on production. Management uses F&D as a measure of the Corporation's ability to
execute its capital programs (and success in doing so) and of its asset quality.
"Operating netback" is calculated by adding oil and gas sales with realized gains and losses on derivatives and
subtracting royalty expense, operating expense and transportationexpense.
"Recycle ratio" is calculated by dividing the operating netback (in dollars per boe) by the F&D costs (in dollars per
boe) for the year. The Corporation uses recycle ratio as an indicator of profitability of its oil and gas activities.
CSE: OIL | OTCQB: OILCF | 3
4. Value Proposition
Permex Petroleum is a junior oil & gas company at an inflection point of growth
Owns & Operates on Private, State & Federal Land in Texas & New Mexico
TIMING GEOGRAPHY & GEOLOGY STRUCTURE
o Acquired over 11,000+ acres
at discount during downcycle
o Paid approximately $2,000/acre (1)
o Currently land values in this area as
high as $65,000/acre (2)
o Permian Basin of West Texas &
Southeast New Mexico
o Formations include the Bone Spring,
Clearfork, San Andres, Spraberry,
and Wolfcamp
o ~116M shares outstanding
o Approximately 27% Management &
Insider Ownership
o Zero secured outside debt on balance
sheet
CSE: OIL | OTCQB: OILCF | 4
1) Acquisitions occurred during multiple commodity cycle corrections.
2) Pricing will vary depending on the location of the property and number of benches/formation owned by operators under the lease.
5. Permex Overview
Permex Petroleum is a junior oil & gas
company at an inflection point of growth
Permex Petroleum is a junior oil & gas
company at an inflection point of growth
Assets
Owns and operates a portfolio of low-cost
producing oil assets in Texas and New Mexico
on private, state and federal land
Scale Upside
Horizontal leg conversion and lateral drilling
programs in the San Andres and Spraberry
formations
Sustainable Upside
Low-cost infill drilling and secondary
recovery
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6. Snapshot
1) As of June 30, 2022
2) As of June 30, 2022
Trading Symbols
CSE:
OIL
OTCQB:
OILCF
Share Price
1
CAD$0.16 US$0.12
Basic Shares Outstanding
2
116.0M 116.0M
Options
2
(WAEP: CAD$0.31) 5.6M 5.6M
Warrants
2
(WAEP: CAD$0.22) 71.4M 71.4M
Fully Diluted Shares Outstanding
2
192.9M 192.9M
Market Cap.1
$18.6M $13.9M
Cash Balance2
$6.95M $5.4M
Enterprise Value1
$11.65M $8.5M
Management % Ownership ~27% ~27%
11,700+
net acres of held by production oil and gas assets in
Texas & New Mexico
78+ oil and gas wells owned and operated by corporation
62
shut-in opportunities to be brought back online
(“PDNP”)(1)
17
Salt Water Disposal (“SWD”)(2) wells eliminating water
disposal fees and decreasing OPEX
2
Water Supply Wells (“WSW”)(3) allowing for waterflood
secondary recovery (“EOR”)
73 producing (“PDP”)(4) Royalty Interest oil and gas wells
Summary of Assets
CSE: OIL | OTCQB: OILCF | 6
1) PDNP stands for Proved Developed Non-Producing reserves.
2) A salt water disposal well is a disposal site for water collected as a by-product of oil and
gas production.
3) A hole in the ground drilled to obtain water for the purpose of injecting water into an
underground formation in connection with the production of petroleum or natural gas.
4) PDP stands for Proved Developed Producing reserves.
No Secured Outside Debt on
Balance Sheet & Tightly-Held
Share Structure
Notably High Management &
Insider Ownership
7. Multi-Pronged Acquisition Strategy
Acquired royalty interests in 73 producing oil and gas wells through
June 2021
Complements existing properties with ownership in wells operated by
major firms such as:
Apache Corp.
Callon Petroleum
Chesapeake Energy
Chevron Noble
ConocoPhillips
Dougle Eagle Energy
EOG Resources
Marathon Oil
XTO Energy
Operational Progress
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Geographic Focus
Permian Basin of West Texas & Southeast New Mexico; Largest
petroleum-producing basin in the U.S.
Key formations include the Clearfork, BoneSpring, San Andres,
Spraberry, and Wolfcamp
Transformational Purchase of Assets
Acquired 100% working interest of 7,800+ acres over 12 contiguous
sections in the core of the Permian Basin in October 2021, bringing
total oil and gas acreage holdings to 11,700 acres, an increase of
approx. 290% since August 2021
Enhances financial and operational strength through addition of a
high-quality and very low decline (5%) light oil asset base
Additional drilling locations identified increasing Permex’s total
reserves to ~USD $285 million in PV-10, at a realized price of $65 per
BOE
Increased 2P reserves from 9.5 million barrels of oil equivalent (“BOE”)
in Sep. 2020 to 24.5 million BOE in Nov. 2021
Positioning for Next Growth Phase
Appointed oil and gas industry veterans J.P. Bryan and Jay Lendrum to
Board of Directors
Closed two private placement offerings with aggregate gross proceeds
of C$10.1M
In 2022: Completed two successful well recompletions targeting the
Grayburg formation; started permits for drilling at two wells targeting
the Spraberry formation
8. Recent Acquisition Nearly Triples Footprint of HBP Assets
In October 2021, Permex entered into a definitive agreement to acquire
7,800+ acres on the Breedlove field, Martin County, Texas.
The properties are over 12 contiguous sections in the core of the
Permian Basin, of which 98% is HBP.
25 total vertical wells, including 12 producers, 4 saltwater disposal
wells, and 9 shut-in opportunities.
The field produces from the Clearfork formation at depth of ~7,000 ft.,
which carries the Upper, Middle and Lower Clearfork zones within the
lease boundaries.
Significant additional up hole and down hole opportunities in the San
Andres and Spraberry formations.
Extremely low production risk and high profitability margin profile.
Martin County
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9. Stonewall County
CSE: OIL | OTCQB: OILCF | 9
Oil is structurally and stratigraphically trapped in the reservoir with
underlying water; successful waterflood EOR initiated in February 2016.
Currently 19 shut-in wells and two saltwater disposal wells
Plans to optimize reservoir, increase daily water injection to 2,000 BW,
re-enter 20 shut-in wells, and drill 12+ new wells.
Pittcock North/South Properties
One producing well, 4 shut-in wells, and 2 water injection wells.
Plans to return shut-in wells to production and drill 3 new wells before
initiating waterflood project.
Mary Bullard Property
Clearfork Formation in Northwest Texas
1000+ acres HBP across three properties, productive at depths of ~2,900 – 3,200 ft.
10. $0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
Sources:December 19, 2016 CreditSuisse report titled:Energyin2017; March22, 2017 Forbes articletitled:UpsideSurprise: OilSuperstar Permian Keeps Delivering
Note:Assumes $3.00 /MMBtu Gas Price;12m avg.NYMEX asof10/5/2021
12mavg. NYMEX: $59.28/bbl
“San Andres wellscan achievebreakeven
whenoil is as lowas $29 perbarrel”
-David Williamson,Founding Partner, Monadnock Resources
Permex – Basin Economics Comparison
Permex’s target areas (Permian - San Andres) have some of the lowest break-evens of all US resource and conventional plays
Break-even Oil Prices (WTI, $/bbl): U.S. Onshore Resource Plays
CSE: OIL | OTCQB: OILCF | 10
11. Horizontal Drilling - Waterflood EOR Candidate
Henshaw Property
Property sits on 1,880 net acres
Lease contains multiple productive or
potentially productive horizons including:
Grayburg, San Andres, Bone Springs, and
the highly sought after Wolfcamp
Restoration of producing wells and acid
treatments are currently on the agenda
CSE: OIL | OTCQB: OILCF | 11
12. Management Team
Mehran Ehsan
President, CEO & Director
Greg Montgomery
CFO, Corporate Secretory & Director
Barry Whelan
COO & Director
Has an impactful 14+ years of experience in the oil & gas
industry, by leading numerous teams in the successful
creation of multiple upstream oil and gas companies
Engaged as owner of O&G Draft Proposed Program,
manager in M&A and divestitures, personally facilitating
over $87M in capital syndication and injection
Authored various articles, with presence as a guest
speaker and judge in oil & gas industry and academia
related events
27+ years experience in the oil and gas industry
In the past 5 years, he has been a self-employed business
consultant who has held the office of CFO for Oiltanking
North America, Samarus Energy Consulting, Coast Energy,
Laser Midstream and Enbridge Energy Partners.
40+ years of experience as a geologist and engineer,
initiating his career in the oil and gas industry with Gulf
Oil’s international operations, quickly becoming a
renowned industry expert in oil and gas
Represented a diverse array of energy market participants
including oil, gas and other resources based companies
with clients ranging from global energy concerns to start-
up companies
Earl Tobin
Geologist
Dale Lee
Petroleum Engineer
Connie Hang
Controller
Justin Kates
Legal Counsel
30+ years of experience as a geologist
using his expertise to build and grow public
and private oil & gas companies
Career has focused on full cycle
exploration, from regional geologic
mapping and reservoir modeling to field
development and planning
Member of the Association of Professional
Engineers, and Geoscientists of Alberta,
the Project Management Institute, and
Canadian and American Society of
Petroleum Geologists
Current President & CEO of DL Petroleum &
Engineering Consulting and has 26+ years
experience in the oil & gas sector
As a reservoir engineer, he has been active
in natural resource and industrial
development companies with natural
resource holdings in oil & gas worldwide
In 1994 earned his Professional
Engineering status with The Association of
Professional Engineers and Geoscientists
of Alberta
18+ years of finance, accounting and
management experience in a variety of
industries, including the energy sector
Acted as an independent financial
consultant since 2009 and has served over
40 public and private companies, which
span across Vancouver based companies
to foreign controlled entities
Member of the Chartered Professional
Accountants of Canada and holds a
Bachelor of Accounting Science from
University of Calgary
Partner of DuMoulin Black, practicing
primarily in the areas of securities,
corporate finance, mergers and
acquisitions, and corporate and
commercial law
Advises clients from all stages of
development ranging from early stage to
large public companies
Received his J.D. from the University of
Western Ontario and his Bachelor of
Business Administration from Western
Michigan University
CSE: OIL | OTCQB: OILCF | 12
13. 35+ years experience as a
petroleum geologist
40+ years of experience as a
petroleum engineer
16 years of experience as an
Independent Petroleum
Landman
Professional geologist, prior
experience includes Amoco, BP,
Shell and Junex
20+ years of industry experience
Leslie M. Thomas
Geologist, Advisor
Wayne Schoen
Petroleum Engineer, Advisor
Kit H. Maddox
Petroleum Landman, Advisor
Peter Dorrins
Geologist, Advisor
Diana Goldstein
Engineer, Advisor
Directors & Advisory Board
J.P. Bryan
Director
Jay Lendrum
Director
Doug Urch
Director
50+ years experience in the oil and gas industry
Former President and CEO of Gulf Canada Resources Ltd.
Served as Chairman and CEO for various oil & gas and
companies, including Nuevo Energy Company, Bellwether
Exploration, and Torch Energy Advisors, Inc., as well as
several management positions in financial services.
40+ years in the oil and gas industry
Currently serves as Chairman of Nuevo Midstream Dos,
LLC.
Previously held various executive and board-level
positions in the oil and gas industry, including President,
CEO and Director of Nuevo Midstream Company and
Chairman of Torch Energy Advisors, Inc.
36+ years experience in the oil and gas industry
Has been a director for a number of listed (TSX & AIM) and
private companies, offering financial management
services
For the last 10 years was the EVP, Finance, CFO and
Corporate Secretary for Bankers Petroleum
CSE: OIL | OTCQB: OILCF | 13
Technical Advisory Board
Scott Kelly
Director
16+ years of experience acting as a senior officer and/or
director of various private and public companies with large
scale resource assets in North and South America
Obtained his Bachelor of Commerce degree from Royal Roads
University in 2001 and has since helped manage companies
through all stages of their life cycle
14. Reserves Summary
$ Amounts in USD OIL (BBL) GAS (MCF) FUTURE NET INCOME(1) PRE-TAX PRESENT VALUE
(10%)
Proved
Developing Producing 404,470 319,180 $15,731,480 $7,892,300
Developed Non-Producing 192,290 98,390 $7,962,580 $4,486,430
Undeveloped 7,460,810 3,188,700 $313,779,430 $117,303,690
Total Proved 8,057,570 3,606,270 $337,473,490 $129,682,420
Total Probable 13,782,130 11,169,750 $586,858,580 $155,388,830
Total Proved + Probable 21,839,700 14,776,020 $924,332,070(1) $285,071,250
Total increase over September 2020 +168% +78% +296% +222%
FINDING & DEVELOPMENT
COST (per bbl)
OPERATING NET BACK @ $65 WTI
prices (per bbl)
RECYCLE RATIO
$13.80 $35.86 2.6x
(1) Future net income is estimated using forecast prices and costs. Future net income has been presented on a before tax basis. Estimated values of future net income disclosed herein do not represent fair market value.
SUMMARY OF PROVED, PROBABLE (2P) RESERVES
(As of Sep. 2021)
CSE: OIL | OTCQB: OILCF | 14
15. Reserves – Valuation Comparable
Source: Corporation Disclosures, S&P Global Market Intelligence
9.0 9.8 9.5
24.5
0.0
5.0
10.0
15.0
20.0
25.0
30.0
2018 2019 2020 2021
mm
2P Reserves (BOE)
CSE: OIL | OTCQB: OILCF | 15
0.05x
0.01x 0.02x 0.04x 0.04x
0.78x
1.02x
1.41x
1.05x
1.34x
0.00x
0.50x
1.00x
1.50x
2.00x
2.50x
2018 2019 2020 2021 2022
YTD
EV/2P Reserves (PV10)(1)
Permex Petroleum
Industry Peer Average
1) Enterprise Value / Total 2P Reserves net present value discounted at 10% as of fiscal year-end;. 2022 YTD
calculation uses EV as of April 12, 2022, and most recently reported PV-10.
2) Includes: Matador Resources Co (NYSE: MTDR); SM Energy Co (NYSE: SM); Comstock Resources Inc. (NYSE: CRK);
Oasis Petroleum Inc. (NASDAQ: OAS); Whiting Petroleum Corp (NYSE: WLL); Northern Oil & Gas, Inc. (NYSE
American: NOG); SandRidge Energy Inc. (NYSE: SD)
(2)
+172%
+62%
-20%
16. Investment Highlights
Targeted Oil & Gas Development and Producing Assets -
Largest Petro Producing Basin in U.S.
11,700 net acres of held by production oil and gas assets in
Permian Basin of West Texas & Southeast New Mexico.
Key formations include the Clearfork, Spraberry, San Andres,
BoneSpring, and Wolfcamp.
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Acquired Assets at a Discount during the Downcycle
Paid approx. $2,000/acre; current values as high as approx.
$65,000/acre.
Mix of Low Cost Development Assets for Sustainable Growth +
Blue Sky Projects for Scale Growth
Low-cost infill drilling and secondary recovery. Blue Sky Projects -
horizontal leg conversion and lateral drilling programs in the San
Andres and Spraberry formations.
78+ O&G wells owned and operated by Permex; 73 producing
(PDP)2 Royalty Interest O&G wells operated by major firms.
Increased 2P Reserves from 9.5m BOE1 in Sep 2020 to 24.5 BOE
(~ USD $285 PV-10 @ $65/BOE) in Nov 2021
Acquired 100% working interest of 7,800+ acres (+290% total
acreage from Aug. 2021); 12 contiguous sections in the core of the
Permian Basin (Oct 2021).
Enhances financial and operational strength through addition of a
high-quality and very low decline (5%) light oil asset base.
Total Proved Reserves of 8.7 million BOE and PV10 value of $129
million, an increase of 300% Year-over-Year.
Total Probable Reserves of 15.7 million BOE and PV10 value of
$155 million, an increase of 340% Year-over-Year.
Well Positioned for Next Growth Phase
Near term potential for recompletion of all assets driving near
term significant revenue growth and advancing development of
Clearfork, Grayberg, Spraberry and Yates formations.
Appointed industry veterans J.P. Bryan, former CEO of Gulf
Canada Resources Ltd. , and Jay Lendrum, Chairman of Nuevo
Midstream, to Board of Directors.
Approx. 27% Management & Insider ownership.
Zero Secured Outsider debt; ~ $100k Insider debt.
1) BOE stands for barrels of oil equivalent.
2) PDP stands for Proved Developed Producing reserves.
17. VANCOUVER OFFICE
666 Burrard Street
Suite 500
Vancouver, BC V6C 2X8
Canada
DALLAS OFFICE
100 Crescent Court
Suite 700
Dallas, Texas 75201
NEW MEXICO OFFICE
500 Fourth Street NW
Suite 1000
Albuquerque, NM 87102
Company
admin@permexpetroleum.com
Contact Us
Investor Relations
Brooks Hamilton
MZ North America
949-546-6326
OILCF@mzgroup.us
www.permexpetroleum.com
19. Royalty Interest Summary
SUMMARY OF (“PDP”)(1) ROYALTY INTEREST PROPERTIES
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Permex Petroleum US Corporation
Operator Description
Marathon Oil Corporation 10 Well Package (Producing MI/RI) - Atascosa, Texas
Conoco Phillips (COG) 5 Well Package (Producing MI/RI) plus 4 Permitted Wells - Lea County, New Mexico
Apache Corporation 10 Well Package plus 1 Permitted Well (Producing MI/RI) Upton County, Texas
Chesapeake Energy 5 Well Package (Producing MI/RI) - La Salle County, Texas
Double Eagle Energy (DE3) 11 Well Package (Producing MI/RI) - Midland County, Texas
XTO Operating 1 Well Package (Producing MI/RI) - Shelby County, Texas
Callon Petroleum 7 Well Package (Producing MI/RI) - Howard & Martin Counties, Texas
Chevron (Noble Energy) 3 Well Package (RI) - Reeves County, Texas
EOG Resources 11 Well Package (Producing MI/RI) - Midland County, Texas
Conoco Phillips 1 Well Package (Producing MI/RI) - Shelby County, Texas
Conoco Phillips 7 Well Package (Producing MI/RI) - Howard & Martin Counties, Texas
1) PDP stands for Proved Developed Producing reserves.
20. Permian Basin Cross Sections
Central Basin Platform
Yates
Grayburg
San Andres
Clearfork
Wichita - Albany
Bone Spring
Wolfcamp
Delaware Basin Midland Basin
Wolfberry
2,000’
3,000’
4,000’
5,000’
6,000’
7,000’
8,000’
9,000’
10,000’
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