Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Shareholder Meeting (November 2019)
17 slides from Amplitude Energy's shareholder meeting presentation, Nov 7, 2019
Slide 1: Managing Director's AGM Address presentation
Managing Director’s AGM Address presentation Mr David Maxwell
Slide 2: Important Notice – Disclaimer
Important Notice – Disclaimer This investor presentation (“Presentation”) is issued by Cooper Energy Limited ABN 93 096 170 295 (“Cooper Energy” or “COE”). Summary information: This Presentation contains summary information about Cooper Energy and its activities as at the date of this Presentation a
Slide 3: Gas business model
Gas business model Optimisation of gas supply to a portfolio of gas contracts from a portfolio of gas assets among the most competitive sources of supply for south-east Australia 2P Gas Reserves1 PJ 43 Otway Hub 24 Gippsland Hub 245 Sole Otway developed Otway undeveloped 1 Information on reserve and
Slide 4: Sole Gas Project
Sole Gas Project Gas to plant expected in December for step change in production following start-up Orbost Gas Plant Indicative Sole gas contract profile PJ/pa 3 7 10 11 23 23 23 23 23 21 20 17 13 ~11 * Note 3 • Sole sales subject to project completion and Orbost Gas Plant availability. APA advise S
Slide 5: Manta
Manta Second phase Gippsland development leveraging Sole and Patricia Baleen infrastructure Manta indicative development concept Manta Contingent Resource1 estimate 1C 2C 3C Condensate MMbbl 2.2 3.4 5.4 Gas PJ 78 121 190 • Development concept for Contingent Resource utilising infrastructure in place
Slide 6: Gippsland exploration acreage
Gippsland exploration acreage Two permits located adjacent to producing or produced fields VIC/P72 • Adjoins Patricia Baleen • Seismic inversion study conducted • Interpretation to identify prospects for commitment well underway VIC/P75 • Granted September 2019 • Commitment to conduct seismic reproc
Slide 7: Otway Basin gas hub
Otway Basin gas hub Existing production & infrastructure, high drilling success rate and access to Minerva Gas Plant Gas production Exploration • Casino, Henry and • Proven gas province Netherby fields • Successful FY19 drilling • Supply agreements with • New campaign in planning Origin (CY19) and A
Slide 8: Minerva Gas Plant
Minerva Gas Plant Acquisition and connection to benefit production, cost and enable firm gas supply offering • Completion of acquisition transaction anticipated by December 2019 • Development project to connect for production from Casino, Henry, Netherby by mid-2021 • Lower plant inlet pressure to i
Slide 9: Annie gas discovery
Annie gas discovery New discovery, favourably located for development. Volumetric assessment underway. • New gas field discovery exhibiting excellent reservoir properties • 62 metre net gas pay from Waarre C reservoir which produces in Minerva and Casino • Work to assess volume and Contingent Resour
Slide 10: VIC/P76
VIC/P76 Ideally located for development with drill ready prospect similar to Annie • Adjoins existing acreage • Contains part of Annie gas discovery • Nestor - “Annie look-alike” prospect • Existing pipeline traverses VIC/P76 • Covered by good quality 3D seismic • Commitment to drill 1 well 10
Slide 11: Casino Henry
Casino Henry Existing production & infrastructure, undeveloped reserves and access to Minerva Gas Plant • Production from Casino, Henry and Netherby gas fields • Operated by Cooper Energy (50% interest), joint venture with Mitsui E&P Australia • Estimated gross 86 PJ undeveloped 2P gas reserves1 (Co
Slide 12: Onshore Otway gas exploration
Onshore Otway gas exploration New field discovery in Pretty Hill Formation. Well to be production tested. • Dombey-1DW1 gas discovery in September • 25 metre net gas column in Pretty Hill formation reservoir • Conventional gas well • Well cased and suspended for production test expected December 19
Slide 13: Cooper Basin
Cooper Basin Drilling ramping up to highest level yet in low-cost high margin oil acreage • Escalated drilling program with up to 19 wells planned in FY20 • Parsons 3 well program extended oil field boundaries and expected to result in reserve addition • Up to 12 appraisal wells scheduled for Butler
Slide 14: 6 to 24 month look ahead
6 to 24 month look ahead Expectations for coming period to June 20 and potential program to June 21 to June 20 Expected program By mid-CY2021 Potential program • Sole: commenced supply and began exploration • Annie: FID & reserve booking of de-bottlenecking upside • Offshore Otway development: key r
Slide 15: Portfolio optimisation for shareholder value
Portfolio optimisation for shareholder value Solving for “Which combination and sequence provides the best value for shareholders?” Development Exploration & appraisal Optimise: Offshore Otway • Henry-3 • Elanora • Black Watch • Nestor • Annie (subject to • Other prospects ✓ options resource assessm
Slide 16: Notes on calculation of Reserves and Resources
Notes on calculation of Reserves and Resources Notes on calculation of Reserves and Contingent Resources Cooper Energy has completed its own estimation of reserves and resources based on information provided by the permit Operators Beach Energy Ltd, Senex Ltd, Santos Ltd, and BHP Billiton Petroleum
Slide 17: Abbreviations
Abbreviations $, A$ Australian dollars unless specified otherwise APA APA Group Bbl barrels of oil Boe barrel of oil equivalent EBITDA earnings before interest, tax, depreciation and amortisation FEED Front end engineering and design FID Final Investment Decision kbbl thousand barrels m metres MMbbl
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