Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Corporate Update (July 2018)
12 slides from Amplitude Energy's corporate update, Jul 16, 2018
Slide 1: Update conference call
Sole-3 Flow-back 6 July 2018 Sole-3 flow-back 6 July 2018 Sole-4 subsea tree deployment Update conference call 16 July 2018
Slide 2: Conference call details
Conference call details 11:30 am EST Monday 16 July. Recording available at www.cooperenergy.com.au from 5 pm Conference ID 1768 317 Australia Toll-free 1800 123 296 Australia Toll: +61 2 8038 5221 (can be used if dialing from international location) International toll free Canada 1855 5616 766 Chin
Slide 3: Important Notice – Disclaimer
Important Notice – Disclaimer This investor presentation (“Presentation”) is issued by Cooper Energy Limited ABN 93 096 170 295 (“Cooper Energy” or “COE”). Summary information: This Presentation contains summary information about Cooper Energy and its activities as at the date of this Presentation a
Slide 4: Highlights
Highlights Production & sales revenue up; Sole meets critical milestone Q4 Production Production Full year production • Q4 production up 6% on previous quarter, down 10% on pcp MMboe, financial year MMboe, financial year • Full year production up 54% to 1.5 MMboe, at high end of upgraded guidance 0.
Slide 5: Production
Production Uplift from Casino Henry workover Q4 Gas production Q4 Crude oil & condensate Total full year (existing developed assets) PJ ‘000 bbl MMboe 1.49 1.4 1.89 1.68 71.8 64.9 Excludes gas produced in Sole 60.5 commissioning 1.50 0.97 PCP Previous Q4 FY18 PCP Previous Q4 FY18 FY17 FY18 FY19g Gas
Slide 6: Sole Gas Project
Sole Gas Project 56% complete at end June 2018, within schedule and budget ORBOST GAS PROCESSING FACILITY Works By - APA Group Plant Upgrade & Operations ✓ Piling completed ✓ Plant construction contract awarded to Downer. Orbost Gas Plant: bioreactors background, inlet gas treatment foreground HDD U
Slide 7: Post 30 June: Sole-3 completed, Sole-4 resumed
Post 30 June: Sole-3 completed, Sole-4 resumed First production well completed, performance proven to plant design • Sole-3 flowback completed 6 July • Reservoir intersection, characteristics and gas composition all in line with pre-drill expectations • Confirmed Sole-3 capability to produce above m
Slide 8: Exploration: Otway Basin offshore
Exploration: Otway Basin offshore Planning for drilling of two exploration wells in 20201 • Several prospects on trend with producing fields high graded as potential candidates for 2020 drilling campaign • Easily defined 3-way structural traps • Completed 3D seismic inversion study validates Direct
Slide 9: Exploration: Gippsland Basin
Exploration: Gippsland Basin New prospectivity adjacent to existing Patricia Baleen infrastructure VIC/P72 (100%) • VIC/P72 adjoins VIC/L21 (Cooper Energy 100%) which holds the depleted Patricia-Baleen gas field and its associated subsea production infrastructure VIC/P72 connected to the Orbost Gas
Slide 10: Commercial
Commercial Gas plant acquisition agreement, 2019 gas tender Minerva Gas Plant (10%)* * Equity to increase to 50% on completion of acquisition Minerva Gas Plant acquisition by Casino Henry Joint Venture as announced 1 May 2018 • Casino Henry Joint Venture agreed acquisition of Minerva Gas Plant from
Slide 11: FY19 production and capex guidance
FY19 production and capex guidance Production Crude oil & by product Gas PJ Total MMboe Notes condensate bbl • Does not include gas production from Sole which is due to Total ~6 ~238,000 1.4 commence supplying gas to plant for commissioning in Q4 FY19 Indicative incurred* capital expenditure by regi
Slide 12: Update summary
Update summary 1. June quarter results up. Benefits of new gas contracts and development work to lift gas production evident in fourth quarter results 2. Sole on track. Sole-3 completed and capability to exceed project requirements Project approaching 60% complete and within schedule and budget 3. O