Amplitude Energy Limited · ASX:AEL

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

18 slides from Amplitude Energy's investor presentation, Feb 3, 2012

  1. Slide 1: Investor Presentation February 2012

    For personal use only Investor Presentation February 2012 INVESTOR PRESENTATION February 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: Cooper Energy Plan

    For personal use only Cooper Energy Plan  Grow strong foundation  Highly profitable Cooper Basin oil  Clear focussed strategy ▫ driven by new management and board  Strong cash flow and cash  Leverage and grow strengths ▫ Cooper/Eromanga Basin  Large growth catalysts ▫ Otway Basin and  Otway ▫

  4. Slide 4: Company Snapshot

    For personal use only Company Snapshot Share price 32-47 cps 12 months to 31 January 2012 0.50 6.0 Shares on issue 292. 8m 0.45 5.0 Market capitalisation A$112.7m 0.40 4.0 Share Price (A$) Volume (mm) @ 31 January 2012 0.35 3.0 Cash A$68.6m @ 31 December 2011 0.30 2.0 Enterprise Value A$44.1m 0.25 1

  5. Slide 5: Cooper Basin Oil

    For personal use only Cooper Basin Oil Production (PEL 92 & 93)  12 fields  1,700+ bopd(1) COE share  FY11: 406,710 barrels COE share  FY12: target 500,000+ barrels COE share Development (PEL 92)  7 wells to be connected  Further development drilling Exploration  Drilling starts June Quarter

  6. Slide 6: 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 February 2012 High margin business 6

  7. Slide 7: Otway Basin – PEL

    For personal use only Otway Basin – PEL 495  Prospective oil and gas area  Access to gas markets  PEL 495 ▫ 793 km2 in the heartland ▫ Conventional and unconventional targets  Drilling June Quarter 2012  Beach and Somerton farm-in  Cooper Energy 50% ▫ fully funded by farminees INVESTOR PRESENT

  8. Slide 8: Otway Basin – PEL

    For personal use only Otway Basin – PEL 495  Significant gas resource ▫ 14-48 Tcf potential gas in place associated with Casterton formation (1)  Gas prone (TOC 2%) to very rich & oil prone (up to TOC 20%)  Well proposal received  June Quarter well (“Sawpit Updip”) (1) Somerton Energy Limited pr

  9. Slide 9: Tunisia

    For personal use only Tunisia  3 contiguous licences ▫ Bargou 30% ▫ Hammamet 35% ▫ Nabeul 85%  12,644 km2  600 km2 Nabeul seismic  Hammamet West-3 well  Nabeul exploration well  Multiple prospects and leads across 3 licences INVESTOR PRESENTATION February 2012 Proven region 9

  10. Slide 10: Tunisia – Hammamet West – Cooper (30%)

    For personal use only Tunisia – Hammamet West – 3 Cooper (30%)  Discovered oil field ▫ 130 to 600 million barrel gross resource ▫ 101 million barrels (P50) gross recoverable ▫ 9+ million barrels is economic threshold  Farm-in partners Dragon Oil (55%) and Jacka Resources (15%)  Fully funded up to

  11. Slide 11: Australia Gas Opportunities

    For personal use only 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  Gas commercia

  12. Slide 12: Other Assets

    For personal use only Other Assets Indonesia – Sukananti/Sumbagsel Poland  Stable growing production  Prospective contiguous licenses ▫ 150+ barrels/day  Conventional and unconventional  24 km2 Sukananti seismic  524 km Kanina 2D seismic  Multiple opportunities  Evaluating monetisation opport

  13. Slide 13: Financial

    For personal use only Financial  Strong cash position  Healthy cash flow  Production growth  Existing Cooper Basin oil fields  Discoveries  Acquisitions  Company changing opportunities  Otway well June Quarter 2012  Tunisia-Hammamet West-3 October 2012  Corporate activity  Capital efficie

  14. Slide 14: New Strategy- Implementation

    For personal use only New Strategy- Implementation Leverage and grow strengths  Cooper Basin production increasing  Evaluating new opportunities Prudent capital allocation  Tunisia (Bargou) Dragon Oil farm-out  Reduced international expenditure Commercialise non core assets  Romania - exit and

  15. Slide 15: Forward Activity

    For personal use only Forward Activity CY 2012 CY 2013 Q1 Q2 Q3 Q4 Q1 Q2 Cooper Basin - Production From 12 fields - New pipeline - Tie in new discoveries 3 discoveries - Drilling - appraisal & exploration Multiple wells - Seismic Otway Basin - Drilling - exploration 1 well Tunisia - Drilling - explo

  16. Slide 16: Back up

    For personal use only Back up INVESTOR PRESENTATION February 2012 16

  17. Slide 17: Cooper Basin Licences

    For personal use only Cooper Basin Licences INVESTOR PRESENTATION February 2012 17

  18. Slide 18: Cooper Energy Licences

    For personal use only Cooper Energy Licences Australia Licence COE Equity Operators Notes Cooper Basin PEL 90 (Kiwi) 25% Senex PEL 92 (1) 25% Beach Oil production PEL 93 (1) 30% Senex Oil production 1) Oil fields are separate licences delineated PEL 100 19.16% Senex within these original licenses 2)

Cooper Energy — Investor Presentation (February 2012) on 6ix