Beach Energy Limited · ASX:BPT
Beach Energy — The Good Oil Conference 2003
30 slides from Beach Energy's conference presentation, Sep 9, 2003
Slide 1: Beach Petroleum
BUM
Slide 2: Outline
Slide 3: A Sound Business Model
Slide 4: Focus
Focus: * Mainly onshore Australia » Proven petroleum provinces * Access to infrastructure » Low capex & opex » Onstream quickly » Upside potential
Slide 5: Building Financial Depth
Slide 6: Balanced Asset Portfolio
Slide 7: High Equity Participation
High Equity Participation te | Cost Effective (onshore + infrastructure) Internal funding | Dividends High Historic Success/Low Risk
Slide 8: Solid Financial Position
Slide 9: Reserves:Annual Production = 5:1
Reserves:Annual Production = 5:1 Millions of barrels O Reserves (mrabbl} D Annual Production mmbbl}
Slide 10: Total Revenue and Operating Cashflow
Total Revenue Operating Cashflow 499900 =62000/01 200102 2002/03 1999/00 2000/01 2001/02 2002/03
Slide 11: Basic EPS and Net Profit After Tax
Basic eps 1889/00 2000/01 2001102 Se a MN GG & G G “Sw Net profit after tax 1999/00 «= 2000/01 2007/02
Slide 12: Net Assets and Debt
Net Assets 4999.00 2000_04 2001.02 2002_03 Debt: (Debt+Equity) 1999/00 Lic ic TANKonyHmNCKNENCCOON wi + 2 Q
Slide 13: o
o 6 6 6
Slide 14: Strategic Operational Presence
Slide 15: Ongoing Development of Assets
Slide 16: arenes Pets
arenes Pets
Slide 17: Ongoing Development of Assets
Slide 18: Queensland Drilling Program
Slide 19: ATP 269P Bargie
Slide 20: Average Daily Production
boepd 3,500 Average Daily Production 3,000 2,500 2,000 1,500 1Q02 2Q02 3Q02 4Q02 1Q03 2003 3Q03F 4Q03F
Slide 21: High Exploration Success Rate
Slide 22: Per-barrel costs and value
o hes & On barrels s Exploration Cost: : naree a $45-50 barrel. . Production/Trans port Costs: $15 / barrel : o 6Net Value: $20 / barrel o Net Present Value: $15-20 | barrel
Slide 23: Milpera/Battunga South Flank
Milpera/ Battunga South Flank ——
Slide 24: Numerous oil fields discovered along southern margins in Queensland
Numerous oil fields discovered along southern margins in Queensland
Slide 25: Schematic Cross Section Southern/Western Margin
Bagerroumati «se i mete COnhER BALI . Soviet AMET ALIA, Schermatle Cross. Section Southern/Western Margin 1 ra spies go. Phechaaetitivens wegpiltien CRT WEST aso £ wae
Slide 26: we
we 608
Slide 27: Large structures to west with good oil charge potential
Large structures to west with good oil charge potential Christies style traps Moana style traps Sellicks style traps SOLE AST eran cn Te ‘SA MA UI ve ETc Sohemets Cross Sectlar Southern Weadtarn Margin a eg exees ‘hiaownrlno esigeuton NCVER
Slide 28: Accelerated Growth Potential
Slide 29: Southern Cooper Prospectivity
Slide 30: Profitable Oil and Gas Production
BUuSE Profitable Oil and Gas Production Experienced and Expert Team TREES RARER ReRRONNN Mn CEM EeOhONN itn hw Been CObN Minne eenOCBBnninnmeemmans High Exploration Upside Potential iq Strong Self-funded Drilling Program SSO eNO Cao CO LOO OOo OOS O OS Increasing Financial Depth — Growth SEE EEC OE