Beach Energy Limited · ASX:BPT

Beach Energy — Investor Presentation (July 2009)

10 slides from Beach Energy's investor presentation, Jul 28, 2009

  1. Slide 1: Company Overview and Drillsearch Bid Update

    For personal use only Company Overview and Drillsearch Bid Update 28-29 July 2009 Reg Nelson Managing Director Hector Gordon Chief Executive Officer

  2. Slide 2: Disclaimer & Important Notice

    + For personal use only This presentation contains forward looking statements that are subject to risk factors associated with oil, gas, geothermal and related businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of varia

  3. Slide 3: Beach Company Overview - Key Facts

    Beach Company Overview - Key Facts For personal use only  Ranked in top 10 in Australia based on market capitalisation  Ranked in top 5 in Australia based on production  Net reserves of approx 65 MMboe (30% oil)  Resource base of ~280 MMboe  Substantial Exploration portfolio  FY09 production o

  4. Slide 4: Production & Revenue

    Beach Company Overview - Production & Revenue For personal use only FY09 Record Annual Average Oil Price Received (A$/bbl) 120 Production & Revenue 100  9.6 MMboe 80  $581 million  Average net oil price A$93/bbl (A$97 60 after hedging) 40 FY06 FY07 FY08 FY09 Production (MMboe) 12 10 Revenue $700m

  5. Slide 5: FY09 Year Financial Achievements

    Beach Company Overview - FY09 Year For personal use only Financial Achievements  Sold CSG asset for up to $400m  Cash of $136m at June 2009  Nil net debt at June 2009  Interim dividend 0.75c / share paid in April 2009 ( FY08 : 0.75c/sh in April 08 & 1.0c/sh in Oct 08)  Fully franked special div

  6. Slide 6: Reserves & Resources

    Reserves & Resources For personal use only Reserves Reserves & Resources (MMboe)  Total ~65 Mmboe 300  Oil reserves growing in Western Cooper 250 (PEL92)  Egypt reserves added (~2 MMbbl to date) 200 BMG Oil Resource 150 Unconv. Gas Resource Conv. Gas Resource Resources 100 CSG  Conventional Gas

  7. Slide 7: Strategy & Outlook

    Beach Company Overview - Strategy & Outlook For personal use only  Maximise Return from Cooper Basin Reserve Base • FY10 production guidance 8.5 MMboe  Conversion of Contingent Resources to Reserves  Balanced exploration program • Cooper Basin Oil & Gas • Higher Reward offshore & International 

  8. Slide 8: Offer for Drillsearch - Features of the offer

    Beach’s Offer for Drillsearch For personal use only Features of the offer  One BPT share for every 27 DLS shares  Consideration declared final  Offer declared unconditional  Close Date 14 August 2009  Current interest >20% Page 8

  9. Slide 9: Offer for Drillsearch - Key reasons to accept

    Beach’s Offer for Drillsearch For personal use only Key reasons to accept  50% premium to pre-bid price Total Shareholder Returns (based on 3 month VWAP) Beach vs Drillsearch (five years to 16 June 09) 800% BPT: +250% increase  Beach has: 700% 600% over 5 years % Movement  Greater growth potentia

  10. Slide 10: Company Overview and Drillsearch Bid Update

    For personal use only Company Overview and Drillsearch Bid Update 28-29 July 2009 Reg Nelson Managing Director Hector Gordon Chief Executive Officer

Beach Energy — Investor Presentation (July 2009) on 6ix