Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy NL — RBC's Rising Stars Conference 2004
21 slides from Amplitude Energy's conference presentation, Jan 30, 2004
Slide 1: Cooper Energy NL – RBC's Rising Stars Conference
Cooper Energy NL RBC’s Rising Stars Conference Sydney Friday 30 January, 2004 Greg Hancock Executive Chairman
Slide 2: History of Cooper Energy
History of Cooper Energy ¾ Cooper Energy listed in March 2002 ¾ First discovery in late July 2002 ¾ 1st production early December 2002 ¾ 2nd discovery July 2003, 3rd discovery Sept 2003, 4th discovery October 2003 ¾ Emerging net cash flow of $4M-$6M ¾ Net production currently +700 bopd and forecast
Slide 3: Capital Structure
Capital Structure ¾ Listed shares 85.9m ¾ Listed options ($0.20 exercise price 31/03/04) 49.0m ¾ Unlisted options (various exercise prices, hurdles and dates to 2007) 8.3m ¾ Market capitalisation at $0.265 (20/01/04) $22.8m ¾ Convertible Notes $1.0m
Slide 4: Introduction
Introduction Cooper Energy Business Model: ¾ Select and analyse proven oil and gas provinces ¾ Onshore or shallow off shore ¾ Under explored ¾ Selective acreage approach ¾ Existing fields with infrastructure ¾ Fast production, low capex, high margin
Slide 5: Board & Management
Board & Management ¾ Greg Hancock, Chairman ¾ Michael Scott, CEO (designate) ¾ Robert Kirtlan, Director ¾ Tony Wright, Operations Director ¾ Chris Porter, Director ¾ Laurie Shervington, Director
Slide 6: Cooper Basin Infrastructure: Oil & Gas hub
Cooper Basin Infrastructure: Oil & Gas hub ¾ Established access to markets Cooper Basin ¾ Infrastructure provides early cash flow ¾ Meets all criteria for the Cooper Energy business model
Slide 7: Energy NL
Energy NL
Slide 8: Cooper Basin tenement interests and infrastructure
Cooper Cooper Basin Basin Tenement interests and infrastructure
Slide 9: PEL 92: Sellicks Development (25% interest)
PEL 92: Sellicks Development (25% interest) ¾ Discovered July 2002, now PPL 204 ¾Production from top 5 metre sand since Dec 2002 ¾ 164,572 bbls to 31 December 2003 ¾ Proven and probable reserves 0.5m – 1m bbls ¾ Bottom zone re-completion, free flow, jet pump installed December 2003, technical issues
Slide 10: Summary: 2003 drilling program
Cooper Cooper Basin Basin Summary: 2003 drilling program
Slide 11: PEL 92: Christies Discovery (25% interest)
PEL 92: Christies Discovery (25% interest) ¾ Discovered July 2003 ¾ Current 500 - 650 bopd production on beam pump, well above initial estimates ¾ Estimate 0.8 – 1.3m bbls proven and probable ¾ Development wells to raise production to over 1000 bopd by mid 2004
Slide 12: Christies completion – pre pump
Christies completion – pre pump
Slide 13: No bigger in Australia!
NO Digger in Australia? Energy NL
Slide 14: PEL 92 oil fairway
PEL 92 oil fairway SELLICKS SELLICKS 11 Carrickalinga 1 CHRISTIES CHRISTIES 11 Brighton1 Moana 1 30mb
Slide 15: PEL 92 Christies area
Cooper Cooper Basin Basin PEL 92 Christies area Standout Standout targets targets in in the the PEL PEL 92 92 oil oil fairway fairway
Slide 16: PEL 93: Worrior Discovery (30% interest)
PEL PEL 93: Worrior Discovery Discovery (30% (30% interest) interest) Potential oil in place: Proven and probable +3 million barrels (Namur, Birkhead, Hutton Oil) Multiple high flow rate Worrior Oil Well zones Robust structure suggests Karbine Dry Well production can be significantly enhanced from e
Slide 17: Worrior 1: Summary
Worrior 1: Summary ¾ Discovered oil in 3 zones and gas (and probable oil) in a 4th zone (possible 10bcf of gas) in September 2003 ¾ Total of 35.5 metres of net pay ¾ Production commenced late November 2003 ¾ Net production, COE share, initially 360-500 bopd ¾ Pipeline planned for installation during
Slide 18: PEL 90: Kiwi Discovery (25% interest)
PEL 90: Kiwi Discovery (25% interest) ¾ Discovered October 2003 ¾ Estimate 4-5bcf of gas, high flow rate of +9mcf/day ¾ Good likelihood of another down dip reservoir ¾ Development subject to further exploration and discoveries in the region, close access to infrastructure (25km)
Slide 19: Cooper Basin 2004 Drilling Program
Cooper Cooper Basin Basin 2004 2004 Drilling Drilling Program: Program: March-April: March-April: PEL100 PEL100 Acacia Acacia Grove Grove April-July: April-July: PEL92 PEL92 Sheringa Sheringa and and Silver Silver Sands Sands wildcats wildcats PEL92 PEL92 Christies Christies development development
Slide 20: Summary
Summary ¾ Proven business model ¾ Excellent spread of drilling and acreage currently in Cooper Basin ¾ Aggressive programs ¾ Strongly leveraged to success ¾ Company will have significant cash reserves ¾ Appointment of new CEO
Slide 21: Worrior 1 – DST #3 (October 2003)
Worrior 1 – DST #3 (October (October 2003) 2003)
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