Slide 1: Investor Presentation
For personal use only Investor Presentation 28 May 2012 INVESTOR PRESENTATION 28 May 2012 David Maxwell, Managing Director
Slide 2: Important Notice - Disclaimer
For personal use only Important Notice - Disclaimer The information in this presentation: 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 o
Slide 3: Company snapshot
For personal use only Company snapshot Capital structure (1) 0.80 140,000 Share price 30.5 - 69 cps 12 months low - high (to 25 May 2012) 0.70 130,000 Shares on issue 292. 8m 0.60 120,000 Share Price (A$) Market capitalisation A$127.4m Index @ 43.5 cps on 25 May, 2012 0.50 110,000 Cash A$69.1m 0.40
Slide 4: Company snapshot: Financial, production and reserves
For personal use only Company snapshot Financial, production and reserves Production (barrels oil) Production growth FY 2011 406,710 600,000 FY 2012 (guidance-Cooper Basin only)(1) (500,000+) Revenue (A$million) 500,000 January-June 2011 20.7 July-December 2011 25.8 400,000 H2 EBITDAX (A$million) Fo
Slide 5: Clear strategy & focus on shareholder return
For personal use only Clear strategy & focus on shareholder return Leverage strengths & build Pursue growth catalysts Other assets - strong foundation in focus areas maximise value Valuable Cooper Basin oil Cooper and Otway basins Romania Cooper & Otway basins Tunisia Indonesia Tunisia
Slide 6: Cooper Basin oil – PEL (COE 25%) & PEL (COE 30%)
For personal use only Cooper Basin oil – PEL 92 (COE 25%) & PEL 93 (COE 30%) Production 12 fields FY11: 406,710 barrels(COE share) FY12: target 500,000+ barrels(COE share)(1) Development (PEL 92) Wells to be connected Further development drilling 2012 Exploration Drilling commenced June
Slide 7: Cooper Basin - Western Flank oil
For personal use only Cooper Basin - Western Flank oil Very robust economics Typical economic threshold is 45,000 barrels/well at US$100/barrel post drill INVESTOR PRESENTATION 28 May 2012 High margin business 7
Slide 8: Otway Basin – Somerton Energy acquisition
For personal use only Otway Basin – Somerton Energy acquisition(1) 9,039km2 (gross) acreage Conventional and shale ▫ oil and gas Access to markets and infrastructure 25 Tcf+ original gas in place(2) (1) Announced 19 April, 2012 (2) Casterton shale - Somerton estimate in 2011 Annual Report IN
Slide 9: Otway Basin – PEL (Cooper 50% + 15% ex Somerton)
For personal use only Otway Basin – PEL 495 (Cooper 50% + 15% ex Somerton ) (1) Prospective oil & gas area 793 km2 in basin heartland Significant shale gas and oil potential Access to markets December Quarter 2012 well (“Sawpit Updip”) ▫ dual targets ▫ Beach funding 70% (1) Subject to Some
Slide 10: Tunisia
For personal use only Tunisia 3 contiguous licences ▫ Bargou – COE 30% (1) ▫ Hammamet - COE 35% (1) ▫ Nabeul – COE 85% (1) 12,644 km2 600 km2 Nabeul 3D seismic Hammamet West-3 well Nabeul exploration well Multiple prospects and leads (1) Joint Venture interest INVESTOR PRESENTATION Prove
Slide 11: Tunisia – Hammamet West-3 (COE 30%)
For personal use only Tunisia – Hammamet West -3 (COE - 30% ) (1) NW SE Dual targets Possible HW#3 ▫ 10 million bbls (P50) Birsa (2) ▫ 101 million bbls (P50) Abiod (2) Farm-in partners fund up to US$26.6m ▫ Dragon Oil - 55% ▫ Jacka Resources - 15% (3) Dragon valuable experience ▫ carbonate pla
Slide 12: Tunisia - Hammamet West-3
For personal use only Tunisia - Hammamet West-3 Drill December Quarter 2012 67 days to drill and test – budget case Primary objective - demonstrate Abiod Fm deliverability & commerciality Funded up to US$26.6 mill by farm-in parties AGR contracted for well management services Rig tender
Slide 13: Indonesia – adding value
Tundan 1 rat For personal use only Indonesia – adding value Talang Jimar Tanjung Tiga Barat Limau Timur Q-108 Limau Timur Q-51 N Existing Oil Field Tanjung Tiga Timur Karangan X/Y: 425000 430000 435000 Existing Gas Field Meters Tanjung Tiga Timur Ogan Prospect imau Timur Q-51 9610000 9610000 Lead Oi
Slide 14: Financial: Implementing the strategy
For personal use only Financial Strong cash position Healthy cash flow Production growth existing Cooper Basin and Indonesia oil fields discoveries acquisitions Company changing opportunities Otway wells Tunisia wells corporate activity’ multiple exploration targets Focussed
Slide 15: Forward activity
For personal use only Forward activity Key: Cooper Activity FY 2012 FY 2013 Somerton Activity Mar Qtr Jun Qtr Sep Qtr Dec Qtr Mar Qtr Jun Qtr Cooper Basin Production From 12 fields New oil pipeline Tie in new wells and discoveries 3 discoveries Drilling: appraisal & exploration Multiple wells Seismi