Amplitude Energy Limited · ASX:AEL

Amplitude Energy — Cooper Energy — Investor Presentation (March 2013)

18 slides from Amplitude Energy's investor presentation, Mar 6, 2013

  1. Slide 1: Cooper Energy Limited Investor Pack

    For personal use only Cooper Energy Limited Investor Pack 6 March 2013

  2. Slide 2: Important Notice – Disclaimer

    Important Notice – Disclaimer For personal use only 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: Company snapshot

    Company snapshot For personal use only 160 Capital structure 150 Share price 140 Indexed Performance (%) $0.40 - $0.69 range,12 months to 1 March 2013 130 Shares on issue 329.0 mill 120 Market capitalisation $177.7 mill 54c on 1 March 2013 110 Cash, term deposits & investments $77.9 mill 100 at 31 D

  4. Slide 4: Our strategy and business

    Our strategy and business For personal use only INVESTOR PACK 6 March 2013 Leveraging strengths for TSR 4

  5. Slide 5: Strategy implementation – Australia gas

    Strategy implementation – Australia gas For personal use only  Leverage strengths Breakeven gas cost v volume – capability and experience – cash and cash flow – relationships F  Assess market options  Focus on lowest cost A$/GJ E – upstream and pipeline cost D – varies by market C  Pursue best o

  6. Slide 6: Strategy implementation – international assets

    Strategy implementation – international assets For personal use only  How to unlock best value for Cooper Energy shareholders? – investment market – ownership – management  Factors influencing include: – capital – risk – fit with core competencies  Pursue best return options INVESTOR PACK 6 March

  7. Slide 7: Delivered the changes

    Delivered the changes March 2012 March 2013 One year ahead For personal use only Strategy  Focus on  Implementing as planned  Implementing – fundamentals – TSR – leverage strengths Activities  Monetise non-core  Exited Romania and Poland (5)  Australia growth  Grow core  Somerton/Otway acqui

  8. Slide 8: Australia focus

    Australia focus Cooper, Otway and Gippsland Basins For personal use only Cooper Basin  Western flank oil  Gas potential Otway Basin  Conventional and unconventional – oil and gas plays Gippsland Basin  Gas resources Opportunities  Reviewing and screening  Growing foundation assets plus  1 or

  9. Slide 9: Cooper Basin (COE 19.16 – 30%)

    Cooper Basin (COE 19.16 – 30%) For personal use only  Discovered 5.4 mill bbls (net) to date  Produced 3.6 mill bbls (net) to date  Current oil production rate ~1,450 to 1,500 bopd (net)  Very high margins  Significant remaining potential  2012/13 activity: – up to 11 wells – 1,048 km2 3D seis

  10. Slide 10: Cooper Basin – PEL (COE 25%)

    Cooper Basin – PEL 92 (COE 25%) For personal use only  Production – record production in FY12 – new pipeline commenced Dec’ 2012 – 5 new wells awaiting tie-in – production expected to build in 2H FY13 – development drilling & facilities upgrades planned for 2013  Significant remaining potential –

  11. Slide 11: Oil Production - historical and 2013 forecast

    Oil Production - historical and 2013 forecast For personal use only 2013 Production by quarter 2013 Production forecast and prior periods (average BOPD) (Kbbls, financial year) FY 2013 guidance: 2,500 500 - 550 kbbls 600 Full year forecast: 2,000 500 500 – 550 kbbls 400 1,500 300 1,000 200 2013 Firs

  12. Slide 12: Otway Basin (COE – 65%)

    Otway Basin (COE 20 – 65%) For personal use only  Proven basin for conventional plays  Liquids prone Jurassic source rocks  Close to infrastructure  Close to oil and gas markets  Strong regional position INVESTOR PACK 6 March 2013 Key ingredients in place 12

  13. Slide 13: Casterton Formation – unconventional oil and gas

    Casterton Formation – unconventional oil and gas For personal use only  Late Jurassic- early Cretaceous rift fill – lacustrine/fluvial rift fill sediments – some sands, coals and tuffs – penetrated in 10 wells – deepest penetration ~2,500m  Key source rock for Penola Trough – gas, gas liquids & oi

  14. Slide 14: Tunisia

    Tunisia  Hammamet West-3 spud late March For personal use only (COE 30%) – fractured carbonate play – very large structure – proven oil charge – adjacent field produces same reservoir – shallow water / near shore – competitive fiscal terms – COE carried up to $27 million gross cost  Nabeul Permit

  15. Slide 15: Indonesia – increasing production and reserves

    Indonesia – increasing production and reserves For personal use only  South Sumatra Basin – prolific hydrocarbon province  Range of onshore opportunities to add value – exploration & development – shallow oil – deep gas – CSG – shale plays  Low technical risk  Competitive fiscal terms (gas & oil

  16. Slide 16: South Sumatra Basin

    South Sumatra Basin For personal use only  Sukananti KSO (COE 55%) – ex Pertamina fields ~50 bopd (gross) – acquired 2010 – currently ~200 bopd (gross) – work-over and drilling in 2013 – potential >1 mill bbls (net to COE) – contractor share 15% oil / 20% gas (after tax)  Sumbagsel PSC (COE 100%)

  17. Slide 17: 2013 Activity program

    2013 Activity program For personal use only 2013 Location Licence Operator COE Equity Comments / Total Mar Qtr Jun Qtr Sept Qtr Dec Qtr 6 well program starts March, Caseolus 3D starts PEL 92 Beach 25% February. Further drilling likely later in 2013 Cooper Basin PEL 90, 100, Senex 19.2 - 25% Dundinna

  18. Slide 18: Summary

    Summary Made the changes For personal use only • head office moved, Chairman succession implemented, new team in place • increased focus on Eastern Australia oil and gas & added good assets • non-core assets – exit or maximising value and monetising Production and reserves growth • Australia and I

Cooper Energy — Investor Presentation (March 2013) on 6ix