ASX Release 22 February 2010 General Meeting Presentation Attached - - PDF document

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asx release 22 february 2010 general meeting presentation
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ASX Release 22 February 2010 General Meeting Presentation Attached - - PDF document

Aug 26, 2022 128 likes •416 views

ASX Release 22 February 2010 General Meeting Presentation Attached is a copy of the presentation to shareholders for todays General Meeting at 10am. A copy of this presentation will also be available on the Companys website

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ASX Release 22 February 2010 General Meeting Presentation Attached is a copy of the presentation to shareholders for today’s General Meeting at 10am. A copy of this presentation will also be available on the Company’s website www.audax.com.au. Yours faithfully Gary Roper Chairman

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SLIDE 2
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SLIDE 3 PERTH VIENNA

Tunisia: Kerkouane & Chorbane Italy: GRPU15 Romania: AMI PEL 182 WA Mining

EUROPE & NORTH AFRICA AUSTRALIA

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SLIDE 4 PERTH VIENNA

Tunisia: Kerkouane & Chorbane Italy: GRPU15 Romania: AMI PEL 182 WA Mining

EUROPE & NORTH AFRICA AUSTRALIA

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SLIDE 5

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Directors Gary Roper Chairman Wolfgang Zimmer Managing Director Andrew Childs Director Apologies Peter Ironside Company Secretary Paul Fink Technical Director

CHAIRMAN’S SESSION

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SLIDE 6

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Proxies Received

36 proxies representing 41,724,549 shares.

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SLIDE 7

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Resolution 1

Ratification of the issue of shares “That, for the purpose of ASX Listing Rule 7.4 and for all other purposes, the shareholders ratify the issue of 35,274,219 fully paid ordinary shares in the capital of the Company on the terms and conditions set out in the Explanatory Statement”

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SLIDE 8

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Resolution 1

Proxy details: For 41,671,174 Against 53,375 Abstain Nil Open Nil

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SLIDE 9 PERTH VIENNA

Tunisia: Kerkouane & Chorbane Italy: GRPU15 Romania: AMI PEL 182 WA Mining

EUROPE & NORTH AFRICA AUSTRALIA

COMPANY UPDATE

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SLIDE 10

TUNISIA & ITALY

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SLIDE 11

June 2009: 1 mill US$ bond posted for Chorbane September 2009: Chorbane PsC signed with Tunisia October 2009: Kerkouane permit extended by

  • ne year to 21st February 2011

January 2010: Drilling Contract for Sambuca signed with Atwood February 2010: Chorbane permit extended by

  • ne year to June 2011
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TUNISIA & ITALY ASSETS

Tunisia & Italy: Sicily Channel Blocks

CHORBANE BLOCK 100% AuDAX

LIBYA ALGERIA ITALY

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20-80 km2 Closure, 20 – 80 mbbls recoverable

  • il resource range, Tcf range deeper gas

potential Objectives:

Eocene Nummulitic Reservoirs Abiod Limestone 140m thick at REF-1. Potential for southwards strat trap on crest of horst Bireno is 88m at REF-1 The Zebbag is likely to be an important reservoir with 95m

  • f good development in REF-1

Serdj Formation Lower Nara Formation is gas-bearing along strike Eocene Jurassic

CHORBANE: SIDI DAHER PROSPECT

Chaal Field 200 bcf in Chorbane? Valued at 200 million USD (Orion Securities)

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CHORBANE: SIDI DAHER PROSPECT

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SLIDE 15

CHORBANE: SIDI DAHER PROSPECT

Metlaoui Flat Spot

Abiod Metlaoui NE SW

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CHORBANE: SIDI DAHER PROSPECT

  • FLAT SPOT COMFORMABLE WITH STRUCTURAL CONTOURS
  • INDICATIVE OF GAS COLUMN OF: 70 TO 120 METERS
  • POSSIBLE GAS RESOURCE 160 BCF
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CHORBANE: SIDI DAHER PROSPECT

25 sqkm closure 25 sqkm closure

CHAKER-1 SMS-1 HKS-1

NEAR TOP ABIOD

Gore Sober DHI Chaal Field

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CHORBANE: SIDI DAHER PROSPECT

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CHORBANE: SIDI DAHER PROSPECT

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CHORBANE: SIDI DAHER PROSPECT

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 “COMPANY MAKER” OPTION POST SAMBUCA  RIGOROUS PAST WELL ANALYSIS CONFIRMS EXCELLENT POTENTIAL  SEISMIC MAPPING CONFIRMS SEVERAL VALID PROSPECTS WITH OUTSTANDING UPSIDE POTENTIAL  LOI WITH DNO: FARM – OUT  DRILL LATE 2010

SUMMARY CHORBANE

Chaal Mahares

Chorbane

Sidi Behara

Sfax

Sidi El Itayem

CHAKER-1

HKS-1

SIDI DAHER ABIOD PROSPECT, 25 SQKM – 40 MMBLS MEAN RESERVES

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SLIDE 22

AUSTRALIA

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SLIDE 23 PERTH VIENNA

Tunisia: Kerkouane & Chorbane Italy: GRPU15 Romania: AMI PEL 182 WA Mining

EUROPE & NORTH AFRICA AUSTRALIA

AuDAX MINERALS

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WESTERN AUSTRALIA MINERALS INTERESTS

Area 7 Area 6 K5

Western Australia: Marymia Gold Development

 Spin off

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ADX Mount Webb Encouraging drilling results by Ashburton!

ADX MOUNT WEBB SWEET SPOTS

ADX Mount Webb ADX Mount Webb

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CONTACT

Wolfgang Zimmer: Managing Director Paul Fink: Technical Director Gary Roper: Chairman Office: 11 Ventnor Avenue, West Perth Australia WA 6005 Ph: +61 8 9226 2822 Fax: +61 8 9226 5333 Website: www.audax.com.au Email: wolfgang.zimmer@audax-resources.com paul.fink@audax-resources.com ASX Code: ADX

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This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be effected by a variety of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, commercialisation, development progress,

  • perating

results, reserve estimates, loss

  • f

market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates.

DISCLAIMER