Amplitude Energy Limited · ASX:AEL

Amplitude Energy — Cooper Energy — Investor Presentation (July 2012)

25 slides from Amplitude Energy's investor presentation, Jul 9, 2012

  1. Slide 1: Investor Presentation July 2012

    For personal use only Investor Presentation July 2012 INVESTOR PRESENTATION July 2012 David Maxwell, Managing Director

  2. 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

  3. 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 6 July 2012) 0.70 130,000 Shares on issue 327.3 mill 0.60 120,000 Share Price (A$) Market capitalisation A$148.9 mill 0.50 110,000 @ 45.5 cps on 6 July 2012 Index Cash 0.40 10

  4. 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 (1) 510,000+ FY 2013 (2) 550,000 500,000 Revenue (A$million) Forecast January-June 2011 20.7 400,000 July-December 2011 25.8 H2 Forecast H2 300,000 EBI

  5. Slide 5: Clear focus on shareholder return

    For personal use only Clear focus on shareholder return Leverage strengths & build Pursue growth catalysts Other assets - strong foundation in focus areas maximise value  Valuable oil production  Australia -Cooper and Otway  Romania  Cooper & Otway exploration  Tunisia  Indonesia  Tunisia exp

  6. Slide 6: 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  Oil and gas  Conventional & shale Gippsland  Testing tight gas discoveries INVESTOR PRESENTATION July 2012 Nearby infrastructure & low cost 6

  7. Slide 7: Cooper Basin licences

    Cooper Basin licences For personal use only  4,300 km2 (gross) acreage  Production, development & exploration  Existing infrastructure  High margins  Multiple opportunities  Exploration success ▫ on 3D seismic INVESTOR PRESENTATION July 2012 Foundation and growth 7

  8. Slide 8: 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: 500,000+ barrels(COE share)(1)  FY 13: 525,000 barrels(2) Development (PEL 92)  Wells to be connected  Further development drilling 2012 Exploration  Dri

  9. Slide 9: 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 July 2012 High margin business 9

  10. Slide 10: Otway & Gippsland Basin – post Somerton acquisition

    For personal use only Otway & Gippsland Basin – post Somerton acquisition(1) Otway - 8,350 km2 (gross)  Conventional and shale ▫ oil and gas  Access to markets and infrastructure  2 wells in next 12 months Gippsland - 687 km2 (gross)  PRL 2 - frac and test 2 wells (1) Announced 19 April, 2012 &

  11. Slide 11: Otway Basin – Casterton Fairway (COE - 65%)

    For personal use only Otway Basin – Casterton Fairway (COE 25 - 65% )  Fairway 2,000 km2 +  Significant shale potential ▫ gas & oil  14-48 TCF GIP potential  Access to markets  December Quarter 2012 well (“Sawpit Updip”) ▫ dual targets ▫ Beach Energy funding 70% INVESTOR PRESENTATION July 2012

  12. Slide 12: Tunisia (COE 30-85%)

    For personal use only Tunisia (COE 30- 85% )  3 contiguous licences ▫ Bargou – COE 30% (1) ▫ Hammamet - COE 35% (1) ▫ Nabeul – COE 85% (1)  12,644 km2 (gross)  600 km2 Nabeul 3D seismic  Hammamet West-3 well  Nabeul exploration well  Multiple prospects and leads  Undeveloped oil opportunities

  13. Slide 13: 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 play

  14. Slide 14: Tunisia - Hammamet West-3

    For personal use only Tunisia - Hammamet West-3  Planned 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 tende

  15. Slide 15: Tunisia – Hammamet West – development concepts

    For personal use only Tunisia – Hammamet West – development concepts 101 million barrels (P50) recoverable 10 million barrels recoverable INVESTOR PRESENTATION July 2012 Game changer 15

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

    Tundan 1 rat For personal use only Indonesia – production, development & exploration 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-5

  17. Slide 17: Eastern Australia gas opportunities

    For personal use only Eastern Australia gas opportunities  Eastern Australia demand ▫ >8% growth per year ▫ increasing prices ▫ multiple contract opportunities  Resource supply opportunities ▫ Cooper and Otway Basins ▫ conventional and unconventional ▫ main suppliers linked to LNG projects  Commi

  18. Slide 18: Financial

    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 drilling  Tunisia drilling  corporate activity  multiple exploration targets  Focu

  19. Slide 19: Next months

    For personal use only Next 12 months  Cooper Basin ▫ production of 0.5+ mill bbls from 12 fields ▫ up to 10 western flank wells ▫ mix of exploration, appraisal & development  Otway & Gippsland basins ▫ 2 wells -Otway ▫ 2 frac and test -Gippsland ▫ conventional & unconventional targets Cooper Basin

  20. Slide 20: Back up

    For personal use only Back up INVESTOR PRESENTATION July 2012 20

  21. Slide 21: Cooper Energy licenses - Australia

    For personal use only Cooper Energy licenses - Australia Australia License COE Equity Area km2 Operator Notes Cooper Basin PEL 90 (Kiwi) 25% 145 Senex PEL 92 (1) 25% 1896 Beach Oil production 1) Oil fields are separate licenses delineated within these original licenses PEL 93 (1) 30% 1249 Senex Oil

  22. Slide 22: Cooper Energy licenses – international

    For personal use only Cooper Energy licenses – international International License COE Equity Area km2 Operators Notes Tunisia Bargou 30%(1) 4616 Cooper Hammamet 35% 4676 Storm Ventures 1) After farm-in by Dragon Oil and Jacka Resources who are funding to earn 55% Nabeul 85% (2) 3352 Cooper and 15%

  23. Slide 23: Somerton acquisition summary

    For personal use only Somerton acquisition summary  Merger with Somerton Energy Limited via a recommended off-market takeover  Announced 19 April 2012  Compulsory acquisition announced 15 June 2012  Somerton shareholders had the choice of either  one Cooper share for every 2.8 Somerton shares;

  24. Slide 24: PEL - Sawpit

    For personal use only PEL 495 - Sawpit  INVESTOR PRESENTATION July 2012 24

  25. Slide 25: Non-core assets - Poland

    For personal use only Non-core assets - Poland  Prospective contiguous licences  Conventional and unconventional  524 km Kanina 2D seismic, 2011  Numerous prospects and leads  Exit discussions underway INVESTOR PRESENTATION July 2012 Focussing the portfolio 25

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