Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Australian Energy Producers Conference 2024
18 slides from Amplitude Energy's conference presentation, May 21, 2024
Slide 1: Investor Presentation – Australian Energy Producers Conference May 2024
For personal use only Investor Presentation Australian Energy Producers Conference May 2024
Slide 2: Disclaimer
DISCLAIMER This document contains summary information about Cooper Energy and its activities as at the date of this document and should not be considered to be comprehensive or to comprise all the information which a shareholder or potential investor in Cooper Energy may require in order to determin
Slide 3: Pure play exposure to southeast Australian gas market
PURE PLAY EXPOSURE TO SOUTHEAST AUSTRALIAN GAS MARKET Integrated operator across Gippsland & Otway Basins Company overview For personal use only Adelaide Ticker ASX:COE NSW SA Number of shares outstanding, MM 2,640.0 30-day VWAP to 30 Apr 2024, A$/share 0.217 VIC Market capitalisation, A$MM 572.9 Me
Slide 4: Refreshed executive leadership
REFRESHED EXECUTIVE LEADERSHIP For personal use only Jane Norman Managing Director & Chief Executive Officer Chad Wilson Dan Young Andrew Thomas Eddy Glavas Nathan Childs Ying Luo Nicole Ortigosa Chief Chief Chief Chief Chief Chief Company Operating Financial Exploration & Commercial Corporate Advis
Slide 5: Gas is fundamental to our way of life
GAS IS FUNDAMENTAL TO OUR WAY OF LIFE Manufacturing, power generation, residential use For personal use only Wood, paper and printing Food and Power beverages generation Residential cooking and heating Glass Cement and manufacturing concrete Iron and steel Ceramics 5
Slide 6: Urgent need for new domestic gas supply
URGENT NEED FOR NEW DOMESTIC GAS SUPPLY Southern States supply gap, PJ/year1 Gas price re-rate trending to $14-24/GJ For personal use only 500 Existing & Committed Supply Anticipated Supply Assumed flow from the North Demand New domestic field development requires higher prices Declining profile,
Slide 7: The future role of gas in the National Electricity Market
THE FUTURE ROLE OF GAS IN THE NATIONAL ELECTRICITY MARKET South Australian electricity supply by type (~70% renewables annually), MW1 For personal use only Imports Gas Battery (Discharging) Wind Solar 3,000 2,000 1,000 0 -1,000 National electricity supply2 by type (~37% renewables annually), MW1 Coa
Slide 8: Orbost Gas Processing Plant
ORBOST GAS PROCESSING PLANT OGPP average processing rate, TJ/d (100% gross1) For personal use only 49.6 excluding 50.3 excluding Methodical approach based on first principles planned planned shutdown shutdown Production records set in Q3 FY24 52.0 Improvement – 67.3 TJ/d across a single day proj
Slide 9: BMG wells decommissioning
BMG WELLS DECOMMISSIONING Basker Manta Gummy wells decommissioning For personal use only Decommissioning of the last well expected to be completed this week Helix Q7000 vessel is expected to come off-hire by early next week Cost of the wells programme expected to be toward the upper end of the
Slide 10: Otway growth
OTWAY GROWTH Maximising use of an embedded value of existing invested infrastructure Otway drilling campaign to underpin next phase of growth For personal use only FEED complete Transocean Equinox rig contracted Firm well, plus optional slots under review FID subject to partner alignment, ga
Slide 11: Gippsland Basin gas hub: farm-in opportunity
GIPPSLAND BASIN GAS HUB: FARM-IN OPPORTUNITY Foundation to develop Cooper Energy’s proven and prospective Gippsland gas portfolio For personal use only Manta and Gummy Contingent Resource estimates (COE 100% interest)1 1C 2C 3C Gas PJ 95 185 343 Condensate MMbbl 2.5 4.9 9.7 Future development opti
Slide 12: Gas contract stack from existing reserves (Gippsland + Otway)
GAS CONTRACT STACK FROM EXISTING RESERVES (GIPPSLAND1 + OTWAY) Excludes any volumes from Otway PJ/annum Q3 FY24 production: ~TJ/day Offshore Growth, targeting circa 30 ~61TJ/d 82 ~45 TJ/d (50% net share) For personal use only 20 55 10 27 0 0 2024 2025 2026 2027 2028 2029 2030 Existing price (CPI ind
Slide 13: FY24 cost-out initiative
FY24 COST-OUT INITIATIVE Group-wide review targeting savings across the business For personal use only Accountability/performance Simplification & efficiency Structure People & Business Planning Capability culture processes Contractor management Location Automation Outcome/ Delivery
Slide 14: Substantial efficiency and savings in group production expenses
SUBSTANTIAL EFFICIENCY AND SAVINGS IN GROUP PRODUCTION EXPENSES Targeting sustained savings / revenue enhancement through transformation project For personal use only Ongoing initiatives PEL92 Upstream Contract PEL92 Sole Select examples Labour services Materials Other CHN AGP Industrial waste reduc
Slide 15: Strong liquidity position
STRONG LIQUIDITY POSITION Set up to fund decommissioning and support growth For personal use only A$mm Supportive bank group Redetermined borrowing base above $400mm fully committed and available 218.0 facility limit 120.0 20.0 Deleveraging over next 18 months 400.0 7.8 367.5 247.5 53.3 Cash &
Slide 16: Operational excellence to drive improved production and cashflow
OPERATIONAL EXCELLENCE TO DRIVE IMPROVED PRODUCTION AND CASHFLOW FY24 key corporate priorities Southeast Australia’s pure play gas producer For personal use only Orbost performance Delivery of BMG improvement decommissioning FY24 cost-out Positioning for growth Orbost Gas Processing Plant 16
Slide 17: Appendix #1 Strategy update
For personal use only SECTION APPENDIX#1 STRATEGY UPDATE 17
Slide 18: Otway Basin gas hub
OTWAY BASIN GAS HUB Six prospects identified with high assessed chance of geological success For personal use only Offshore Otway development Development of Annie gas discovery 64.6 PJ 2C (100% basis)1 through Athena Drilling campaign based around Annie + 2 low-risk exploration wells – Close to
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