Exhibit 99 | |||
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Presentation Outline for | |||
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Slide 1 - Annual Meeting of Shareholders | |||
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Slide 2 - TXCO Profile | |||
Roberto R. Thomae | |||
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Slide 3 - Corporate Information | |||
- Headquarters: The Exploration Company; 500 North Loop 1604 East, Suite 250; | |||
- Contact: Roberto R. Thomae, VP-Capital Markets, bthomae@txco.com | |||
- TXCO - NASDAQ Listed | |||
- Forward-Looking Information - Information presented herein which is not historical, including | |||
statements regarding TXCO's or management's intentions, hopes, beliefs, expectations, representations, projections, estimations, plans or predictions of the future, are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include those relating to estimated financial results, or expected prices, production volumes, reserve levels and number of drilling locations. It is important to note that actual results may differ materially from the results predicted in any such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the costs of exploring and developing new oil and natural gas reserves, the price for which such reserves can be sold, environmental concerns effecting the drilling of oil and natural gas wells, as well as general market conditions, competition and pricing. More information about potential factors that could affect the company's operating and financial results is included in TXCO's annual report on Form 10-K for the year ended Dec. 31, 2004, and its Form 10-Q for the quarter ended March 31, 2005. These reports and TXCO's previously filed documents are on file at the Securities and Exchange Commission and can be viewed on TXCO's website atwww.txco.com, copies of which are available from the Company without charge. | |||
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Slide 4 - The State of the E&P Industry | |||
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Slide 5 - Why Own TXCO? | |||
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Slide 6 - TXCO Profile: Focused Growth | |||
Inset map of Texas showing the location of the Maverick Basin along the border with Mexico. | |||
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Slide 7 - TXCO's Growth Strategy | |||
Increase Shareholder Value By: | |||
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Slide 8 - TXCO Operational Snapshot | |||
- 811,000 Gross Acres in Leasehold/Options | |||
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Slide 9 - TXCO's Maverick Basin Focus Area | |||
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Slide 10 - TXCO's Pipeline/Marketing Synergy | |||
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Slide 11 - Maverick Basin Acreage Growth | |||
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Slide 12 - Operations Summary | |||
James J. Bookout | |||
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Slide 13 - Maverick Basin: Prospect Rich | |||
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Slide 14 - Georgetown Fracture Play: Repeatable Success? | |||
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Slide 15 - Georgetown Fracture Play Update | |||
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Slide 16 - Georgetown Fracture Play: Repeatable Success | |||
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Slide 17 - Georgetown Fracture Play: Repeatable Success | |||
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Slide 18 - Glen Rose: 3 Plays in One | |||
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Slide 19 - Glen Rose Drilling Update | |||
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Slide 20 - Pearsall Shale Gas Play | |||
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Slide 21 - Pearsall Hydrocarbon Distribution Map | |||
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Slide 22 - Type Log, Pearsall Formation, Maverick County, Texas | |||
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Slide 23 - Pearsall Shale Net Unrisked Potential | |||
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Slide 24 - Austin Chalk Oil Play | |||
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Slide 25 - Austin Chalk Hydrocarbon Potential Map | |||
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Slide 26 - Austin Chalk 3-D Seismic View | |||
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Slide 27 - Austin Chalk 3-D Seismic Cross Section | |||
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Slide 28 - Austin Chalk Net Unrisked Potential | |||
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Slide 29 - Financial Summary | |||
P. Mark Stark | |||
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Slide 30 - Record Cash Flows -- Low Debt | |||
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Slide 31 - Reserve Growth and Replacement Rates Outperform Smallcap Universe | |||
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Slide 32 - TXCO's Production Diverse, Growing | |||
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Slide 33 - 2005 CAPEX Guidance: Multi-Play, Multi-Pay | |||
Slide contains two charts: 1) a pie chart showing budget dollars, number of wells and % for three focus areas and Other; and 2) a bar chart titled 5-Year CAPEX/Drilling Mix. | |||
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Slide 34 - Multiple Plays -- Varied Risk Profiles | |||
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Slide 35 - TXCO Outperforms Smallcap Universe | |||
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Slide 36 - TXCO Capitalization | |||
- $178 Million Enterprise Value at May 10, 2005* | |||
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Slide 37 - Rising Reserves Per TXCO Share | |||
Bar chart showing Proved Reserves per diluted common share per Mcfe by year, as follows: | |||
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Slide 38 - Looking Ahead | |||
James E. Sigmon | |||
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Slide 39 - 4-Year Comparative Stock Performance | |||
Chart shows stock performance for TXCO, TXCO Peers, S&P 500 and Dow Jones for May of 2001 through early May of 2005. Beginning and ending prices for TXCO were labeled as $3.50 and $4.93, respectively. Significant peaks in the TXCO stock performance graph are labeled, as follows: | |||
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Slide 40 - TXCO's Net Unrisked Potential In the Maverick Basin -- All Zones | |||
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Slide 41 - TXCO Strategic Alternatives | |||
- We Seek Alternatives to Help Maximize TXCO's Potential in this Stage of the Cycle | |||
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Slide 42 - Why Own TXCO? | |||
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Slide 43 - Multi-Play, Multi-Pay In the Maverick Basin | |||
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Slide 44 - Appendix |
- TXCOQ Dashboard
- Filings
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8-K Filing
Txco Resources (TXCOQ) Inactive 8-KRegulation FD Disclosure
Filed: 13 May 05, 12:00am