Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Shareholder Meeting (December 2011)
10 slides from Amplitude Energy's shareholder meeting presentation, Dec 16, 2011
Slide 1: Annual General Meeting, Perth - Managing Director Introduction
Cooper Energy Annual General Meeting Perth — 16 December 2011 sue David Maxwell Managing Director Introduction | first became involved with Cooper Energy in late August 2011 when | was asked to review the company strategy and advise and recommend on what was appropriate for the company. | commenced
Slide 2: Important Notice - Disclaimer
Important Notice - Disclaimer Cooper Energy 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 objectives
Slide 3: Year end June 2011 performance
Year end June 2011 performance ( Reserves - million barrels Production ~ ‘000 barrels “ooper Energy _ ar c= mn ae oo Pees 107 200 ot 2.00 400 a0 150 2.44 a | 230 1.00 300 150 on 100 so 00 ° 2008 2009 2008 2009 2010 2011 2010 20 2008 2008 2010 203 = _— : | las | 1455 | fae aa |] | os} Fh | - He - ‘ |
Slide 4: Performance comparison with peers
Performance comparison with peers ( Cooper Energy (1) Total shareholder return (including dividends re A 100.8 74.1 invested in shares) for the B 47.8 72.5 period Nov 2010 - Nov 2011 c 21.6 8.5 (2) Total shareholder return Cooper Ener: “9.4 -23.0 (including dividends re P ay invested in shares) for
Slide 5: Changes being implemented
Changes being implemented ( * Focus and grow strengths — Cooper/Eromanga Basin — Otway Basin - Tunisia Capital efficiency — exit Romania, Poland, Indonesia — farm-out Tunisia — increase production Corporate activity — enhance and grow strengths — successful strategic partners + Align reward and retu
Slide 6: Cooper Basin
Cooper Basin ( Cooper Energy ’ y * Steady production growth — current production 1,500 bopd (COE share) | + Western Flank oil - excellent location — increased activity * Unconventional gas — PEL’s 93, 90 & 100 Pursuing the numerous opportunities The Cooper Basin is the core asset of the company & wi
Slide 7: Tunisia
/ we Tunisia im! Hammamet West-3 Cooper Energy has established a very good position in Tunisia. The Company has 3 contiguous licences * Bargou (30% after farm-out to Dragon Oil and operated by Cooper Energy) * Hammamet (35% and operated by Storm Ventures) * Nabeul (85% and operated by Cooper Energy)
Slide 8: Strong fundamentals
SLA a eT] Strong fundamentals ( Cooper Energy + Low cost producer * Strong balance sheet and operating cash-flow * Successful production record * Strong and capable JV partners (Dragon Oil, Beach Energy) + Sound platform for growth initiatives + New Board with extensive relevant experience ...provid
Slide 9: The outlook
The outlook Production increasing — Cooper Basin guidance increase 18% to 480,000 barrels — further upside opportunities + Capital expenditure reduction — guidance reduced by $8mill to $32mill + Exploration — Tunisia, Hammamet West-3 — Otway Basin, testing shale gas — Cooper Basin, Western Flank + P
Slide 10: Grow into a highly profitable mid-tier oil and gas producer
LLL LT ae I ae ee ee ee ee Cooper Energy ( Cooper Energy Grow into a highly profitable mid-tier oil and gas producer...... ....generating top quartile shareholder returns As noted by the Chairman- the last 12 months have been transformational for the company. The shareholders have made their views c