Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Investor Presentation (October 2007)
34 slides from Amplitude Energy's investor presentation, Oct 19, 2007
Slide 1: Investor Presentation – October 2007
For personal use only Investor Presentation – October 2007 © Cooper Energy Limited, 2007
Slide 2: Presentation Outline
Presentation Outline COMPANY OVERVIEW For personal use only COMPANY PORTFOLIO HAMMAMET FARM-IN TRANSACTION DRILLING ACTIVITY SCHEDULE PLACEMENT SUMMARY 2
Slide 3: Company Overview
3 For personal use only COMPANY OVERVIEW
Slide 4: Company Snapshot
Company Snapshot • International exploration High growth - 6 blocks in South Australia (Cooper Basin) For personal use only potential - 2 PSCs in Indonesia (Seruway-Sumatra and South Madura-Java) - 2 blocks in Tunisia (Bargou and Hammamet) • Domestic and International field appraisal Future - 1 gas
Slide 5: Corporate Structure
Corporate Structure • Listed on ASX in March 2002 (COE) For personal use only Issued capital/fully paid ordinary shares 156,751,387 Unlisted Options held by Directors and Staff ($0.25-$0.55) 8,720,000 Fully diluted capital 165,471,387 • Market capitalisation of A$120 million at A$0.72 per share • Li
Slide 6: History of Success
History of Success • Originally listed as a Cooper Basin focused explorer For personal use only • Discovered Sellicks oil field (Jul 2002), Christies Oil Field (Jun 2003), and Worrior Oil Field (Sept 2003) in Cooper Basin, South Australia • International strategy firmed up in 2004 • Bargou Block in
Slide 7: Current Areas of Interest/Portfolio
Current Areas of Interest/Portfolio For personal use only Tunisia, Bargou Exploration Indonesia, Seruway Exploration Appraisal Tunisia, Hammamet Exploration Appraisal Indonesia, South Madura Exploration Australia, Cooper Basin Exploration Appraisal Production “Strategy is to focus in Australia, Indo
Slide 8: Key Historical Performance
Key Historical Performance Cooper Energy Well Participation Cooper Energy P50 Developed Recoverable Oil ("Proved") 14 1.2 For personal use only Recoverable Oil (Million Barrels) 12 1.0 10 0.8 8 Wells 6 0.6 4 0.4 2 0.2 0 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 0.0 Financial Year 30 June 200
Slide 9: Historical Shareholder Returns
Historical Shareholder Returns Cooper Energy Share Price (COE) 0.9 • Share price growth of +690% 0.8 since 2003 For personal use only 0.7 Share Price (A$) 0.6 0.5 0.4 • Market Cap growth of +1550% 0.3 since 2003 0.2 0.1 0.0 30 June 2003 30 June 2004 30 June 2005 30 June 2006 30 June 2007 End of Fina
Slide 10: Company Portfolio
10 For personal use only COMPANY PORTFOLIO
Slide 11: Australia Overview
Australia Overview • Six onshore exploration blocks in Cooper Basin, South Australia For personal use only (COE share: 15-30%) • Five producing oil fields in Cooper Basin, South Australia (COE share: 25-30%) • Reasonable risk exploration coupled with high margin and quick start-up production • Coope
Slide 12: Australia Production and Exploration Assets
Australia Production and Exploration Assets Sellicks (25%) Callawonga For personal use only Oil Field Parsons Christies (25%) Christies And Silver Sands Oil Fields Worrior (30%) Silver Sands (25%) Sheringa Callawonga (25%) • PEL92 near-field exploration wells seeking to discover new oil fields in vi
Slide 13: Indonesia – South Madura (30% and Operator)
Indonesia – South Madura (30% and Operator) South Madura PSC • Currently drilling Kurnia-1 (US$3 million COE share) For personal use only • Primary target: Kujung carbonate (200 million barrels EUR (P50)) • Potential share price impact of A$3.50-$5.00 per share • Currently acquiring onshore 2D seism
Slide 14: Indonesia – Seruway, Gurame (22.5%)
Indonesia – Seruway, Gurame (22.5%) Seruway PSC • 5 wells drilled 1967-1972 For personal use only • Wells recovered oil, gas and condensate • 400-2,700 bscf and 20-150 MMbbls determined by Mobil and Shell • Potential share price impact of A$2.00 per share • 3D seismic acquired over field and current
Slide 15: Indonesia – Seruway, Other Discoveries (22.5%)
Indonesia – Seruway, Other Discoveries (22.5%) Seruway PSC • NSO-2 discovered gas and clipped Ibu Beta Ibu Alpha edge of bright spot For personal use only Juaro • Most likely resources of 450 Bscf Kuala Langsa and 100 MMbbls determined by Shell • Other discoveries on block could mature into economic
Slide 16: Tunisia – Bargou (100%)
Tunisia – Bargou (100%) Bargou Prospecting Permit • 973 km of 2D seismic acquired and being processed For personal use only • Prospect maps at end 2007 but interpretation work already revealing attractive prospectivity • 1Q08 enter 5 year exploration period Kuriate Est Prospect • Seismic 2008-2009,
Slide 17: Hammamet Farm-In Transaction
For personal use only HAMMAMET FARM-IN TRANSACTION The figures, data and recoverable estimates expressed herein are solely attributable to Cooper Energy and do not represent the opinion or evaluations of the Operator. Some of the information presented has been sourced from historical reports and Coo
Slide 18: Hammamet PSC Overview (COE Earning 35%)
Hammamet PSC Overview (COE Earning 35%) • Storm Ventures awarded PSC in 2005 (4,676 km2) For personal use only • Storm is the Operator and holds the Licence 100% • Cooper and Storm have entered into a farm-out Agreement • Cooper will pay Storm a “The block is in the centre of an portion of past cost
Slide 19: Cooper Energy's Combined Tunisia Position
Cooper Energy’s Combined Tunisia Position “Attractive strategic fit with Bargou Block.” For personal use only 19
Slide 20: Hammamet Surrounding Discoveries
Hammamet Surrounding Discoveries Caddex Yasmin Tazerka For personal use only Discovered 1976 Abandoned 1998 12 MMbbl Produced 21.6 MMbbl Birsa Fm sands Birsa Fm sands Caddex Cosmos Discovered 1981 Birsa 20 MMbbl Discovered 1976 Birsa Fm sands Pre-feasibility studies Birsa Fm sands Maamoura Discovere
Slide 21: Hammamet Prospectivity
Hammamet Prospectivity “Classic mid-cap area with good prospectivity For personal use only and terms.” Tazerka Field and near-field prospects covered by 3D seismic Number of other attractive leads and prospects covered by 2D and 3D seismic 21
Slide 22: Tazerka Field
Tazerka Field • Discovered in 1979 by Shell • Produced 21 million barrels from 1982-1998 For personal use only • Initial “proved” oil in place of 78 million barrels • Other fault blocks undrilled • Rejuvenation potential, subject to further technical studies and drilling success • 3D acquired over f
Slide 23: Exploration/Appraisal Prospectivity
Exploration/Appraisal Prospectivity • 10,500 km of 2D seismic data • 240 2D acquired in 2007 For personal use only • 402 km2 3D acquired in 2007 • Birsa sand is main objective • 228 MMbbl of undiscovered recoverable oil (P50) already identified in ten prospects • Mature seismic interpretation and dr
Slide 24: Exploration - Fuschia
Exploration - Fuschia • Attractive exploration target on trend to Maamoura, Zelfa and For personal use only Cosmos Oil Fields • 140 km2 3D seismic survey acquired over the prospect in 2007 • Estimated P50 undiscovered recoverable oil of 50 million barrels • Good 27% chance of success due to presence
Slide 25: Hammamet Farm-In Highlights and Benefits
Hammamet Farm-In Highlights and Benefits Cooper Energy secures the following: For personal use only - strategic footprint in the Gulf of Hammamet in a politically, fiscally and geologically attractive country - material acreage and equity position in an attractive proven petroleum province - an aban
Slide 26: Drilling Activity Schedule
For personal use only DRILLING ACTIVITY SCHEDULE 26
Slide 27: Planned Drilling Schedule
Planned Drilling Schedule 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Country Well Interest Oct 2007 Nov 2007 Dec 2007 Australia Cleansweep-1 19.165% For personal use only Exploration, free carry Cooper Basin (PEL100) Callawonga-4 25% Development (PEL92) Sheringa-1 25% Exploration (PEL92) Parsons-1
Slide 28: Placement and SPP
28 For personal use only PLACEMENT AND SPP
Slide 29: Placement and SPP Terms and New Capital Structure
Placement and SPP Terms and New Capital Structure • Section 708 placement of 84.6 million shares at A$0.65 per share to raise approximately A$55 million For personal use only • Placement is CONDITIONAL on shareholder approval at EGM (expected to be held on 14 November 2007) • Underwritten Share Purc
Slide 30: Proposed Use of Funds
Proposed Use of Funds Amount Activity (A$ million) For personal use only Hammamet farm-in and drilling 25 (T wo wells) Near-term Bargou seismic 5 (100% of 2D or 3D seismic in 2008) Seruway PSC appraisal activities 15 (22.5% of offshore seismic and 30% of two offshore wells) South Madura PSC drilling
Slide 31: Indicative Placement and SPP Timetable
Indicative Placement and SPP Timetable PLACEMENT For personal use only Event Date ASX Trading Halt commences Pre-market Monday, 15 October 2007 ASX announcement of Placement, Pre-market Friday, 19 October 2007 Farm-In and SPP – release from trading halt EGM to approve Placement Wednesday, 14 Novembe
Slide 32: Summary
Summary 9 • Cooper Energy continues to enhance its strong position and For personal use only reputation - Reserves, production, cash, recent enhancement to production base - Significant and well located international acreage position - Reasonable work program commitments - Material target sizes – ap
Slide 33: Disclaimer
Disclaimer This document (“Document”) and the information contained herein is provided to the recipient (“Recipient”) on the terms and conditions set out in this notice. The sole purpose of this Document is to provide information to Recipient in relation to the Cooper Energy Limited (“Company”). Rec
Slide 34: For personal use only
For personal use only www.cooperenergy.com.au “Infinite potential, solid results”