Slide 1: Changes and Plans
For personal use only Changes and Plans October 2011
Slide 2: New Appointments and Board
New Appointments and Board For personal use only David Maxwell, Managing Director • 25+ years international senior executive, oil and gas • BG Group, Woodside, Santos • Led BG entry into Australia & Asia growth – US$23 billion+, acquisitions & project commitment – large integrated gas business estab
Slide 3: The Plan
The Plan • Build on strengths For personal use only – Australia (Cooper & Otway), – oil and gas – Tunisia – balance sheet and cash-flow • Develop and acquire gas – Australia pipeline gas business – conventional & unconventional – existing Otway & Cooper foundation – add capability • Monetise other i
Slide 4: Eastern Australia Gas Market
Eastern Australia Gas Market For personal use only • Demand growth - >8% per year • Market opportunities • Resource opportunities • Prices increasing - incumbents linked to LNG • Gas commercialisation - a key for success • Material upside value Significant opportunity
Slide 5: Approach
Approach For personal use only • KPI and delivery focussed • Build and leverage competitive advantage • Business where we get value • Strategy and fundamentals drive decisions – technical – cost – commercial – market • Prudent corporate activity • Performance based remuneration Results focussed
Slide 6: The Alternative Approaches
The Alternative Approaches For personal use only Mr Smith New Board Plan Comments “Find partner to acquire/merge Grow Cooper Basin oil where adds Upside value forgone for the remaining Cooper Basin asset” value & pursue gas opportunities increasingly valuable Cooper Basin assets “farm-out/dispose of
Slide 7: Disclaimer
Disclaimer The information in this presentation: For personal use only • Is not an offer or recommendation to purchase or subscribe for shares in Cooper Energy Limited or to retain or sell any shares that are currently held. • Does not take into account the individual investment objectives or the fi
Slide 8: For personal use only
For personal use only