Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — 2023 ADGO Conference
16 slides from Amplitude Energy's conference presentation, Mar 22, 2023
Slide 1: New and growing gas supply for South-east Australia
For personal use only Orbost, Victoria Orbost Gas Processing Plant, Victoria 22 March 2023 2023 ADGO Conference New and growing gas supply for South-east Australia David Maxwell
Slide 2: South-east Australia needs additional gas supply
South-east Australia needs additional gas supply Supply shortfall from 2023 For personal use only 2023 AEMO Orchestrated Step Change scenario, PJ1 450 Diverted LNG from: 2026 400 350 300 PJ 250 200 150 100 50 0 Developed and Committed Anticipated Other gas flow from North Gas diverted from LNG expor
Slide 3: Gas supply shortfall risk/problem could be understated
AEMO 2023 Gas Statement of Opportunities Gas supply shortfall risk/problem could be understated For personal use only • South- east Australia needs new gas supply1- Australian Energy Market Operator (AEMO) reported “the risk of gas shortfalls each year from winter 2023 to 2026 under extreme weather
Slide 4: High daily volumes required to meet winter gas demand & firming electricity
High daily volumes required to meet winter gas demand & firming electricity Meeting seasonal demand at risk in near term For personal use only 2023 AEMO Victorian Gas Demand, TJ/d1 1,400 1,200 1,000 742 PJs Gas Demand (TJ/d) 800 600 400 200 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average I
Slide 5: Victorian electricity supply
Victorian electricity supply Gas and renewables required to replace coal in this decade For personal use only Victorian electricity supply by type, last week1 Imports Coal Gas Hydro Wind Solar MW 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 -1,000 -2,000 Mon 13/03/23 Tue 14/03/23 Wed 15/03/23 Thu 16/
Slide 6: South-east Australia's energy security is at risk
South-east Australia’s energy security is at risk For personal use only • Residential impacts - heating and cooking interrupted (gas curtailment) - electricity supply interrupted (brownouts/blackouts) • Industrial impacts - manufacturing instability creating supply chain issues - energy price uncert
Slide 7: New gas supply – key requirements
New gas supply – key requirements For personal use only Market ? Infrastructure - Short-term - Gas processing plants - Long-term - Pipelines - Gas storage Resource X Regulatory certainty - South-east Australia - Commonwealth Government - Queensland and Northern Territory - State Governments -
Slide 8: Regulatory certainty required
Regulatory certainty required A key ingredient that is currently missing For personal use only • Exploration, development and construction - lead times? “Investment in firming generation ... is critical to - who to be consulted? complement our growing fleet of weather dependent renewable generation
Slide 9: Cooper Energy provides twin hub access to South-east Australia gas market
Cooper Energy provides twin hub access to South-east Australia gas market Operating expertise across integrated upstream and midstream gas projects For personal use only Otway Basin Gippsland Basin Adelaide Cooper Energy 50% and operator 100% owned and operated by Cooper Energy (post NSW Ownersh
Slide 10: New gas supply options
New gas supply options Focus on lowest delivered cost and shortest time to market For personal use only Indicative illustration1,2 Higher 2023-2030 Demand8 delivered cost 10,000 PJ 20,000 PJ LNG Import4 30,000 PJ Dark = Contingent Resource Light = Prospective Resource Queensland6 Onshore NT7 Souther
Slide 11: Key takeaways
Key takeaways For personal use only • South-east Australia gas market is significantly undersupplied • Gas remains key to provide firming power to enable the energy transition • Regulatory certainty is required to enable new supply and provide certainty for investment • Gas from South-east Australia
Slide 12: Appendix
For personal use only Appendix
Slide 13: NSW electricity supply
NSW electricity supply Gas and renewables required to replace coal in this decade For personal use only NSW electricity supply by type, last week1 Imports Coal Gas Hydro Wind Solar MW 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 -2,000 Mon 13/03/23 Tue 14/03/23 Wed 15/03/23 Thu 16/03/23 Fri 17/03/
Slide 14: South Australia electricity supply
South Australia electricity supply SA energy mix is a window to the future, where gas remains key amidst variable renewables For personal use only South Australian electricity supply by type, last week1 MW 2,500 Imports Gas Wind Solar 2,000 1,500 1,000 500 0 -500 -1,000 Mon 13/03/23 Tue 14/03/23 Wed
Slide 15: Growth pathway: maturing a broad portfolio of opportunities
Growth pathway: maturing a broad portfolio of opportunities High graded offshore exploration and appraisal prospects to feed Cooper Energy’s twin gas hubs For personal use only Development / Future exploration options1 Near Term Exploration1 Appraisal2 Production3 Higher risk Chimaera Manta Deep Eas
Slide 16: Disclaimer
Disclaimer For personal use only 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 requir