Amplitude Energy Limited · ASX:AEL

Amplitude Energy — Cooper Energy — Euroz Oil and Gas Conference 2012

33 slides from Amplitude Energy's conference presentation, Sep 12, 2012

  1. Slide 1: Cooper Energy Investor Pack

    288 – 292 Churchill Avenue Subiaco WA 6008 PO Box 1281 Subiaco WA 6904 Tel: +61 8 9489 3777 Fax: +61 8 9489 3799 admin@cooperenergy.com.au For personal use only www.cooperenergy.com.au Wednesday 12 September 2012 ASX Announcement/Media Release COE120912a Cooper Energy Investor Pack Please find attac

  2. Slide 2: Investor Pack September 2012

    For personal use only Investor Pack 12 September 2012 INVESTOR PRESENTATION 3 September 2012

  3. Slide 3: 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

  4. Slide 4: Our strategy and business

    For personal use only Our strategy and business Total Shareholder Return and Safety, environment, security and health Leverage and grow Experience and strengths Fundamentals skills STRENGTHS – assets focus – link results and – cash and cash-flow – market / commercial remuneration – technical & costs

  5. Slide 5: Company snapshot

    For personal use only Company snapshot Capital structure Share price 30.5 - 69 cps 12 months low - high (to 10 Sept ‟12) Shares on issue 328.7 mill Market capitalisation A$169 mill @51.5cps on 10 September ‟12 ASX 300 (1) Cash A$59 mill @ 30 June (2) Debt Nil Top 20 ~60% Shareholders Funds/Corp ~61%

  6. Slide 6: FY 2012 financial results summary

    For personal use only FY 2012 financial results summary FY2011 FY2012 Change Production („000 bbls) 407 517 27%  Sales revenue (A$ mill) 39.1 59.7 53%  Cash flow after tax from operating activity (A$ mill) 10.9 35.9 229% Cash flow after tax from operating activity/barrel (A$/bbl) $26.74 $69.37 15

  7. Slide 7: Transition - delivering the changes

    For personal use only Transition- delivering the changes 1 year ago At 31 Aug 2012 1 year ahead Activities Cooper, Otway, Tunisia, Cooper, Otway, Tunisia, Eastern Australia, Tunisia, Poland, Indonesia, Romania Indonesia & exiting Poland Indonesia Growth International exploration Leverage and grow st

  8. Slide 8: Reserves and resources

    For personal use only Reserves and resources Reserves, resources and risked exploration (million boe) Risked exploration potential (million boe) – by region 2P Reserves (1.9) Possible Reserves (0.9) Cooper Indonesia Tunisia Otway Resources (6.5) Risked exploration (50) INVESTOR PRESENTATION 12 Septe

  9. Slide 9: Australia – Cooper, Otway and Gippsland Basins

    For personal use only Australia – Cooper, Otway and Gippsland Basins Cooper Basin  Western flank oil  Gas potential Otway Basin  Conventional and unconventional – oil and gas plays Gippsland Basin  Gas resource exposure INVESTOR PRESENTATION 12 September 2012 Nearby infrastructure and low cost 8

  10. Slide 10: Cooper Basin licences

    For personal use only Cooper Basin licences  4,300 km2 (gross) acreage  Production, development and exploration  Existing infrastructure  High margins  Multiple opportunities  2012/13 activity – up to 10 wells – 630 km2 3D seismic – build prospects & leads inventory – maintain production level

  11. Slide 11: Cooper Basin oil

    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: 501,012 barrels (COE share)(1)  FY 13: 525,000 barrels(2)  Lycium to Moomba pipeline from Dec Qtr – increases transport capacity Exploration and developme

  12. Slide 12: Otway & Gippsland Basins

    For personal use only Otway (COE 25-65%) & Gippsland Basins Otway - 8,350 km2 (gross)  Conventional & unconventional - oil and gas plays  2 wells in FY 2012  December Quarter 2012 well (“Sawpit Updip”) - dual targets - Beach Energy funding 70% Gippsland - 687 km2 (gross)  PRL 2  Bass Strait Oil

  13. Slide 13: Casterton Formation – emerging unconventional play

    For personal use only Casterton Formation – emerging unconventional play  Casterton Formation play - potential for shale gas and unconventional oil - prospective fairway > 2,000 km2 - potential 17-58 TCF Gas In Place - supported by independent analysis (RISC) - COE 27% net prospective area (1) - ne

  14. Slide 14: Tunisia (COE 30–85%)

    For personal use only Tunisia (COE 30–85%)  12,644 km2 (gross)  Prospective regional coverage - three contiguous licences  Large opportunities - multiple prospects and leads - undeveloped oil opportunities - low cost to Cooper Energy  High value 2012/13 program - drill Hammamet West-3, - high gr

  15. Slide 15: Tunisia – Hammamet West-3

    For personal use only Tunisia – Hammamet West-3 (COE – 30%(1))  Dual targets Possible HW#3 - primary objective – Abiod Formation (fractured limestone) - secondary objective – Birsa Sandstone  Potential recoverable oil up to 100 million bbls  Near shore and shallow water  Cooper fully carried to

  16. Slide 16: Indonesia – production, development & exploration

    For personal use only Indonesia – production, development & exploration Sukananti KSO (COE 55%) Sumbagsel PSC (COE 100%)  25,000 barrels production in 2012/13  2D seismic acquisition 2012/13  Recent 3D seismic identified 3 drilling opportunities  Drilling 2013/14  Pursuing production and reserv

  17. Slide 17: 2012/13 activity

    For personal use only 2012/13 activity production Increase Book inventory Grow expl. managemnt Portfolio reserves Cooper Basin Up to 10 wells (exploration, appraisal and development); 630 km2 3D √ √ √ √ Otway Basin 2 wells (exploration); conventional and unconventional targets (oil and gas) √ √ Tuni

  18. Slide 18: 2012/13 capital expenditure

    For personal use only 2012/13 capital expenditure Risk Profile Region $ million Low Medium Cooper Basin – exploration 6.8 14% High Cooper Basin – development 6.1 26% 60% Otway / Gippsland Basins 4.3 Tunisia 2.0 Indonesia & other 4.1 TOTAL 26.8 INVESTOR PRESENTATION 12 September 2012 17

  19. Slide 19: Summary

    For personal use only Summary  Strong cash and cash flow  Production growth  Cooper Basin and Indonesia oil  discoveries  acquisitions  Near term company changing opportunities  Tunisia and Otway drilling  corporate activity  Clear focus on shareholder return and strategy  build value and

  20. Slide 20: Back up slides

    For personal use only Back up slides INVESTOR PRESENTATION 12 September 2012

  21. Slide 21: Eastern Australia gas opportunities

    For personal use only Eastern Australia gas opportunities  Multiple contract opportunities  Increasing prices  Resource supply opportunities - Cooper, Otway and Gippsland - conventional and unconventional  Committed LNG projects - very significant impact  Gas commercialisation key - a Cooper En

  22. Slide 22: Why Otway Basin unconventional?

    For personal use only Why Otway Basin unconventional?  Proven basin for conventional plays Katnook Gas  Liquids prone Jurassic Fields source rocks Port Campbell  Close to infrastructure Gas Fields  Close to oil and gas markets INVESTOR PRESENTATION 12 September 2012 Right ingredients

  23. Slide 23: Casterton Formation

    For personal use only Casterton Formation  Late Jurassic- early Cretaceous rift fill - lacustrine/fluvial rift fill sediments - some sands, coals & tuffs  Not extensively drilled - penetrated in ~10 wells - deepest penetration ~2,500m  Key source rock for Penola Trough - gas, gas liquids & oil -

  24. Slide 24: FrOG Tech study – regional Casterton mapping

    For personal use only FrOG Tech study – regional Casterton mapping INVESTOR PRESENTATION 12 September 2012

  25. Slide 25: FrOG Tech study – regional Casterton mapping

    For personal use only FrOG Tech study – regional Casterton mapping Shale Gas Fairways Oil Fairways INVESTOR PRESENTATION 12 September 2012

  26. Slide 26: Penola Trough (PEL / PEP 171)

    For personal use only Penola Trough (PEL 495 / PEP 171) Sawpit-1 two way time Legend Seismic Horizons top Sherbrook Gp top Eumeralla Fm top Crayfish Gp intra-Laira Fm sandstone top Pretty Hill Sandstone top Sawpit Sandstone top Casterton Fm top basement INVESTOR PRESENTATION 12 September 2012

  27. Slide 27: St Clair Trough (PEL 186)

    For personal use only St Clair Trough (PEL 186) INVESTOR PRESENTATION 12 September 2012

  28. Slide 28: Ardonachie Trough (PEP 150/151)

    For personal use only Ardonachie Trough (PEP 150/151) INVESTOR PRESENTATION 12 September 2012

  29. Slide 29: Otway Basin – PEL (COE 65%)

    For personal use only Otway Basin – PEL 495 (COE 65% ) INVESTOR PRESENTATION 12 September 2012 Source: Somerton Energy Limited presentation September 2011 28

  30. Slide 30: Digby prospect (PEP 150) – Casterton unconventional oil

    For personal use only Digby prospect (PEP 150)– Casterton unconventional oil  15m oil bearing porous, low perm sandstone  Recovered oil on test  Potential 50 million bbls Oil in Place - Casterton Fm Sandstones o Good-Excellent Casterton Fm oil source o 150m thick o TOC 2.3 - 8.9% o S1 + S2 6-37 o

  31. Slide 31: Tunisia (COE – 85%)

    For personal use only Tunisia (COE 30 – 85%) INVESTOR PRESENTATION 12 September 2012 30

  32. Slide 32: Tunisia – Hammamet West-3

    For personal use only Tunisia – Hammamet West-3  Spud December/January 2013  67 days to drill and test – budget case  500 mtr horizontal section through Abiod  AGR contracted for well management services  GSP Jupiter jack-up drilling rig contracted INVESTOR PRESENTATION 12 September 2012 Prepar

  33. Slide 33: Nabeul permit (COE 85% & Operator)

    For personal use only Nabeul permit (COE 85% & Operator) Time  Numerous targets Structure - 20-50 million bbls recoverable oil  Primary objective Birsa Sst. - 1200- 1600mtrs depth  Moderate water depth Oudna - 270-300mtrs over preferred Field prospects  3D seismic acquired 2011  Probable drill

Cooper Energy — Euroz Oil and Gas Conference 2012 on 6ix