Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Shareholder Meeting (November 2007)
25 slides from Amplitude Energy's shareholder meeting presentation, Nov 21, 2007
Slide 1: AGM – 21 November 2007
For personal use only AGM – 21 November 2007 © Cooper Energy Limited, 2007
Slide 2: Presentation Outline
Presentation Outline For personal use only PHASES OF GROWTH AND PERFORMANCE PORTFOLIO RECOVERABLE HYDROCARBONS NEAR-TERM HIGH-IMPACT ACTIVITIES SUMMARY 2
Slide 3: Phases of Growth and Performance
For personal use only PHASES OF GROWTH AND PERFORMANCE 3
Slide 4: Phases of Growth Since IPO
Phases of Growth Since IPO via placement $10 million $60 million $10 million Phase IV: and SPP options via IPO via IPO For personal use only Initiate international Capital Raisings production “Our key 2008 deliverables are driven Phase III: by the initiation of this Build discovered recoverable phas
Slide 5: Operational Performance
Operational Performance Cooper Energy Well Participation Cooper Energy P50 Developed Recoverable Oil ("Proved") 14 1.2 Recoverable Oil (Million Barrels) 12 For personal use only 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 2003 3
Slide 6: Financial Performance
Financial Performance Cooper Energy Oil Sales Cooper Energy EBITDAX 35 25 $20-33 million $12-22 million For personal use only 30 20 oil sales per year EBITDAX per year EBITDAX (A$ million) Sales (A$ Million) 25 15 20 10 15 5 10 5 0 0 -5 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2002-2003 200
Slide 7: Capital Performance
Capital Performance Cooper Energy Share Price (COE) 0.9 0.8 +690% since 2003 Post 30 June 2007 an additional For personal use only 0.7 84.6 million shares placed to Share Price (A$) 0.6 institutional and sophisticated 0.5 0.4 investors and 7.7 million shares 0.3 issued under a SPP (92.3 million 0.2
Slide 8: Portfolio
For personal use only PORTFOLIO The figures, data and recoverable estimates expressed herein are solely attributable to Cooper Energy and do not represent the opinion or evaluations of the Operators. Some of the information presented has been sourced from historical reports and Cooper Energy present
Slide 9: 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 10: Australia - Cooper Basin (19-30%)
Australia - Cooper Basin (19-30%) • Six exploration blocks For personal use only • Five developed oil fields • Tantanna off-take station and Callawonga pipeline infrastructure • Production recently boosted by infill drilling at Callawonga and Worrior • 1 million barrels developed reserves at 30 June
Slide 11: Australia - Cooper Basin Production (25-30%)
Australia - Cooper Basin Production (25-30%) Cooper Energy Budget Basecase v Actual Production Statistics • Success in Callawonga (2, 3 & 4) and 300,000 Worrior (5 & 6) boosts developed For personal use only 250,000 Original 250,000 Uncertainty basecase recoverable oil and production Range budget es
Slide 12: Indonesia – Seruway (22.5%)
Indonesia – Seruway (22.5%) Ibu Beta • Block acquired in 2007 Ibu Alpha For personal use only • 3D acquired in 2007 over Gurame gas Juaro field Kuala Langsa • A number of wells have discovered gas in other fields in the shallow water block • Recoverable volumes under review • Forward plan: - 2008 dr
Slide 13: Indonesia – South Madura (30%)
Indonesia – South Madura (30%) • Kurnia-1 close to primary objective (200 MMBO P50 undiscovered For personal use only recoverable oil) • Onshore seismic acquisition rescheduled to early 2008 due to local elections • Number of shallow leads identified • Forward plan: - 2007 Complete the drilling of K
Slide 14: Tunisia - Hammamet (35%)
Tunisia - Hammamet (35%) • Recent October 2006 farm-in at reasonable terms For personal use only • Good seismic dataset and new data acquired in 2007 • Block has an abandoned oil field (Tazerka) and a number of attractive reasonable risk exploration prospects • Range of risks and P50 “The block is i
Slide 15: Tunisia - Bargou (100%)
Tunisia - Bargou (100%) • Awarded block in 2005 bidding rounds For personal use only • Good seismic dataset and new data acquired in 2007 • Number of attractive drillable prospects identified • Prospect sizes have elevated the attractiveness of the block • Forward Plan: “We have been increasing the
Slide 16: Recoverable Hydrocarbons
For personal use only RECOVERABLE HYDROCARBONS 16
Slide 17: Recoverable Hydrocarbons Portfolio
Recoverable Hydrocarbons Portfolio Exploration discoveries would “A tidal wave of discovered For personal use only move into static hydrocarbons about to move category e.g. through the portfolio” Recoverable Hydrocarbons (MMBOE) Cleansweep-1 Gurame-6X, other Seruway and Tazerka drilling and subseque
Slide 18: Near-Term High Impact Activities
For personal use only NEAR-TERM HIGH IMPACT ACTIVITIES 18
Slide 19: Near-Term High-Impact Activities
Near-Term High-Impact Activities For personal use only Primary objective expected 200 MMbbl (P50) oil to be reached around end prospect. Kurnia-1 November/early December COE cost US$3MM. 2007 Demonstrate gas Expected to be drilled flow from well and Gurame-6X 1Q08 kick-off plan of development. Eithe
Slide 20: Summary
20 For personal use only SUMMARY
Slide 21: Summary
Summary 9 • 2007 has been a strong growth enhancement year For personal use only - Development drilling successfully completed in the Cooper Basin - Production and reserves portfolio enhanced - High leverage small oil discovery in Cleansweep in PEL100 - Kurnia-1 about to reach target - Seruway PSC a
Slide 22: Disclaimer
22 For personal use only DISCLAIMER
Slide 23: 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 Cooper Energy Limited (“Company”). Recipie
Slide 24: www.cooperenergy.com.au
For personal use only www.cooperenergy.com.au “Infinite potential, solid results”
Slide 25: Summary of Proxies
Summary of Proxies Resolution For Against Open Abstain For personal use only 1. Re-election of Mr 32,187,155 125,000 1,672,129 131,404 Chris Porter 2. Adoption of 31,723,891 500,313 1,676,129 215,355 Remuneration Report 3. Issue of options 27,663,497 4,209,801 483,275 170,895 to Mr Michael Scott 4.