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This document has been prepared by American Patriot Oil and Gas Corporation Limited (American Patriot Oil and Gas or Company ). This Presentation, including the information contained in this disclaimer, does not constitute an offer,


  1. This document has been prepared by American Patriot Oil and Gas Corporation Limited (“American Patriot Oil and Gas” or “Company” ). This Presentation, including the information contained in this disclaimer, does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither the Presentation, disclaimer not anything contained in such forms the basis of any contract or commitment. This Presentation does not take into account your individual investment objective, financial situation or particular needs. You must not act on the basis of any other matter contained in this Presentation but must make your own assessment of the Company. No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information contained in this Presentation, including the accuracy, likelihood of the achievement or reasonableness of any forecast, prospects, returns or statements in relation to future matters contained in t he Presentation (“Forward - looking statements”). Any such forward-looking statements that are contained in this Presentation or can be implied by the same are by their nature subject to significant uncertainties and contingencies associated with the oil and gas industry and are based on a number of estimates and assumptions that are subject to change ( and in many cases are outside the control of American Patriot Oil and Gas and its directors) which may causes the actual results or performance of American Patriot Oil and Gas to be materially different from any future results or performance expressed or implied by such forward- looking statements. To the maximum extent permitted by law, none of American Patriot Oil and Gas’s, or related corporati ons, directors, employees, agents nor any other person accepts and liability, including without limitation arising from fault or negligence, for any loss arising from use of this Presentation or its content or otherwise arising in connection with it. This Presentation is for information purposes only and is not a prospectus or other offering under Australian law or under any others laws in the jurisdictions where the Presentation might be available. Nothing herein constitutes investment, legal, tax or other advice. This Presentation is not a recommendation to acquire shares and has been prepared without taking into account the investment objectives, financial situation or needs of individuals. You should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek appropriate advice, including, legal and taxation advice appropriate to your jurisdiction. American Patriot Oil and Gas is not licensed to provide financial advice in respect of its shares. 2

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  4. TEXAS ASSETS AOW OWNED - OVERVIEW AOW is a fully operational oil and gas producer, with a production rate of approximately 300 boepd, and 1.9 mmbbl of 1P reserves bringing total company reserves to 2.5mmbbl 1P proven reserves. Current production profile Existing Assets Peak Energy Magnolia / Burnett Total Asset Type Conventional Conventional Conventional Operator American Patriot American Patriot Various BOEPD 30 114 156 300 Reserves – Oil (mbbl) 481 238 482 1,201 Reserves – Gas (mmcf) 354 3,732 3396 7,482 Total (mboe) 540 860 1,048 2,448 EBITDA (USD) 2019E $800,000 $600,000 $1,200,000 $2,600,000 Purchase Price (USD) $1,100,000 $ 2,200,000 $ 3,200,000 $6,500,000 PV10 Value * (USD) $6,665,000 $5,540,000 $ 10,143,000 $ 22,348,000 *PV 10 based on average oil prices of US$55/bbl according to independent engineering reports. ***Existing Assets: Lost Lake Goose Creek, CWS and Anasazi SOURCES/USES Sources UDS $m Uses UDS $m Debt Funding $2.2m Asset Acquisitions $6.5m Equity Funding $4.3m Total $6.5m Total $6.5m 5

  5. TEXAS ASSETS OWNED – POST FOOTHILLS ACQUISITION We set out a pro-forma table and production profile of the group post the Foothills acquisition demonstrating the transformative nature of the transaction. Existing Assets Peak Energy Magnolia / Burnett Foothills Total Asset Type Conventional Conventional Conventional Conventional Operator American Patriot American Various American Patriot Patriot BOEPD** 30 114 156 450 750 Reserves – Oil (mbbl) 481 238 482 2,848 4,049 Reserves – Gas (mmcf) 354 3,732 3396 7,482 Total (mboe) 540 860 1,048 2,848 5,296 EBITDA (USD) 2019E $1,000,000 $600,000 $1,400,000 $7,500,000 $10,500,000 Purchase Price (USD) $1,100,000 $ 2,200,000 $ 3,200,000 $15,000,000 $21,500,000 PV10 Value * (USD) $6,665,000 $5,540,000 $ 10,143,000 $32,914,000 $ 55,262,000 *PV 10 based on average oil prices of US$60/bbl and $2.90/gas according to independent engineering reports. **Post Completion of Capex Programme Key Metrics* Sources UDS $m Uses UDS $m Net 1P Reserves 5,295 mboe Debt Funding $18.0m Refinance Bridge Facility $2.2m Net 2P Reserves 7,032 mboe Foothills* $14.1m EV/2P US$3.88/boe Working Capital $1.7m Total $18.0m Total $18.0m *$900k deposit paid . *Post Close of Foothills transaction 6

  6. • Harris, Liberty and Hardin Counties/4,393 net acres Unique opportunity to acquire a PDP-heavy asset prospective for multiple oil horizons • Stable cash flows -- long life, shallow decline oil production • 2,123.0 23,510 • Main asset is the Goose Creek oil field with smaller assets Cleveland and Saratoga fields 516.0 6,945 • 62 producing wells; 100% operated 209.0 2,459 • Average net production: 300 Bop/d (100% oil) - generally sells at premium to NYMEX 2,848.0 0 32,914 PUD cases: 14 • • Net 1P reserves: 2.8 MMBoe (85% PD)/ Net 1P PV-10: $32.9 million (89% PD) Saratoga Field • Shallow historical oil production decline rate of 2.8%/year over the last 5 years with a Cleveland Field modest level of recompletion/drilling activity Low operating costs in region ~$25/bbl • Wells are economic down to a low oil price • Goose Creek Field • Producing formations: Salt dome feature; Miocene, Marg and Frio locations • Numerous PDNP and PUD drilling opportunities targeting vertically stacked sand packages (~40 productive stacked pay reservoirs between 800 and 4,500 feet) Strategic opportunity located nearby Lost Lake/Goose Creek OTEX Resources acquisition • AOW made in 2017 7

  7. • South East Texas non operated properties Gulf Coast Non Operated sale • 149 765 2,473 • 32 active wells, 4 injection, 15 inactive • 19 active wells 174 1432 4,934 Polk, Tyler, Jasper, Hardin county • • Calhoun, Hidalgo, Jefferson, Liive Oak, Matagorda, 159 1199 2,736 Yegua and Wilcox formations • Willacy Counties 482 3396 10,143 • Producing from multiple formations and • Producing from multiple formations intervals • Vertical & Directional Drilling. PDNP and PUD upside • Behind Pipe & New Drill Upside. • • Varying WI and NRI Varying NonOperated WI & NRI. • • Net Production 50boped • Net Production: ~102 BOED • Total Proved Reserves: 386mboe • Total Proved Reserves: 663 MBOE Total Proved PV10: $6,324,000 • Total Proved PV10: $3,819,000 • 8

  8. Harrison, Gregg, Rusk and Upshur Counties • • Deep East Texas Oil and Gas production assets • Production is: 39 boepd and 630 mcfd gas (post restart shut in production and re-works) • 1P Proven reserves: 859 mboe; US$5.5m PV10; US$22m revenue • Operating costs in this region are a low ~$20/bbl so the wells are economic down to a low oil price Producing formations: Cotton Valley, Travis Peak and Pettit • • Producing wells: 17 gas wells/21 oil wells • 43 leases holding 4,000 net acres • Numerous PDNP and behind pipe drilling opportunities 213 1,846 3,068 25 1,886 2,472 0 0 0 238 3,732 5,540 9

  9. ASX: AOW, OTCQB: ANPOF 9 July 2014 $0.024 Top 40 Shareholders 68% 614,557,563 188.1m (ex $0.045/expiry Sept 2019) listed 80m (ex $0.025/expiry June 2020) unlisted * 30m (ex$0.05/expiry August 2021) unlisted Top 40 Shareholders Other Shareholders $14.7m $0.4m $3.2m $17.5m *Expiry is 18mths following repayment of loan expected December 2018 23 Oxford Street Pty Ltd 15.07% Defender Equities Pty Ltd and 19.56% Woodville Super Pty Ltd 10

  10. Low cost / distressed conventional producing assets • • Fully funded – Equity and Debt funds Low decline / long life • • Acquisition strategy targeting 3,000+ boepd by end 2019 • Grow Production and Reserves Focus on low cost workovers/recompletions • • Drive cost savings and efficiencies • Dual List NASDAQ • Exit after three years sale to MID Cap oil or Private Equity • Repeatable model 11

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