Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Investor Presentation (September 2010)
21 slides from Amplitude Energy's investor presentation, Sep 20, 2010
Slide 1: Brief Investor Update
Brief Investor Update 20th September p 2010 Michael Scott, Managing Director. © Cooper Energy Limited
Slide 2: Contents
Contents Company Snapshot Bargou Permit, Tunisia Poland Romania Near-Term Schedule p y Valuation Company Summary 2
Slide 3: Company Snapshot
Company Snapshot Conventional oil and g gas E&P Company p y with activity y in all focus areas Locations Headquarters - Perth, Australia Operations – Jakarta, Indonesia Operations – Tunis, Tunisia Exploration/Appraisal Assets Australia Indonesia Tunisia Europe/Mediterranean Romania Poland Developmen
Slide 4: Bargou Permit, Tunisia
Bargou Permit, Permit Tunisia 4
Slide 5: Why Tunisia?
Why Tunisia? Risk Aspect Rating Comment Poor Excellent Prospectivity Medium field sizes and proven petroleum system. Fiscal System Good PSC terms. Legal Framework Established Petroleum Laws and Legal System System. Regulatory Authority DGE and ETAP excellent t
Slide 6: Tunisia – Bargou, Menzel Horr Prospect (COE 85%)
Tunisia – Bargou, Menzel Horr Prospect (COE 85%) Just been Prospective Resources: 20 MMbbl awarded a (P50, Cooper Energy share) block extension to cover the COE Cost: A$5 million next lead on COS COS: 30% the trend – follow-up Well depth: 2,400 metres after Menzel Target reservoir: Multiple carbonat
Slide 7: Tunisia - Bargou Permit, Hammamet West (COE 85%)
Tunisia - Bargou Permit, Hammamet West (COE 85%) Analogous Contingent Resources development: (P50, Cooper Energy share): Eni operated Maamoura Birsa (Sandstone) 7.7 MMbbl field developed Abiod (Carbonate) 34.0 MMbbl Abiod reservoir by horizontal Proven oil: wells ll andd low l cost • Hammamet West-1
Slide 8: The Bargou Farm out
The Bargou Farm out Jacka Resources (ASX: JKA). 15% equity. Back costs. Promote on Menzel Horr-1 (spud November 2010). 2010) Promote on Hammamet West-3 (spud 3Q2011). US$12MM transaction value value. Values block at US$80MM (A$90MM) (COE share A$77 million). $90 million First Energy managing a farm-
Slide 9: Eastern Europe
Eastern Europe 9
Slide 10: Why Poland?
Why Poland? Risk Aspect Rating Comment Poor Excellent Prospectivity Medium field sizes and proven petroleum system. Fiscal System Excellent royalty/tax terms. Legal Framework Member of EUEU. Regulatory Authority JV with RWE - one of Europe's largest Energy com
Slide 11: Why Romania?
Why Romania? Risk Aspect Rating Comment Poor Excellent Prospectivity Large number of fields and proven petroleum system. Fiscal System Excellent royalty/tax terms. Legal Framework Member of EUEU. Regulatory Authority NAMR excellent to deal with. Operational Ca
Slide 12: Poland - Joint Venture With RWE Dea
Poland - Joint Venture With RWE Dea RWEDea ConcessionsinSouthPoland • 40% share in Joint Venture with RWE • 3 Mining Usufructs (MUA’s) / 6 Blocks • €7.1 million entry cost (~A$10MM) 414 MUA2 415 • Proven petroleum system 433 Pola • Pola Oil Field Appraisal 434 Di Discovery – 7 million barrels (P50,
Slide 13: Romania – Corporate Holding in Zeta Petroleum
Romania – Corporate Holding in Zeta Petroleum • Zeta is a private UK company • Zeta is Romania focused with excellent R Romaniani relationships l ti hi Bobocu • Under-funded but good people and assets • Win-win alliance Bucharest – COE assists Zeta with funding to meet aspirations – Zeta assists COE
Slide 14: Near Term Schedule
Near Term Schedule Near-Term 14
Slide 15: 2010-2011 International Activity Program
2010-2011 International Activity Program COE share COE share Exploration COE Net Net Capex 2010 2011 Recoverable Share Oil A$ Q3 Q4 Q1 Q2 Q3 Q4 (1) Australia PEL92 7 exploration wells 25% 1.5 MMBBL 3.2 2 PEL100 250 km 3D seismic 25% - 1.2 2 (2) PEL110 100 km 3D seismic 25% - 0 Tunisia Bargou Menzel
Slide 16: Company Valuation
16 y Company Valuation ‘Cooper Energy
Slide 17: Share Price Versus Portfolio Mismatch
Share Price Versus Portfolio Mismatch Cash $90.00 Euroz $ 0.73 pershare ASX $ 0.41 pershare AustraliaProduction $40.00 Pattersons $0.67 pershare Bargou $77.00 Hartleys $ 0.74 pershare Average 47% deficit AustraliaDevelopment $ Average $ 0.71 pershare IndonesiaDevelopment $ AustraliaExploration $ ' $
Slide 18: Summary
Summary 18
Slide 19: Positioned for Growth
Positioned for Growth • Past Built reserves and p production portfolio p to support pp expansion p expenditures p Built exploration portfolio to seek company growth through the drill bit • Now Cash, reserves, resources, production Seeking to drill several high impact wells in next 2 years Seeking to
Slide 20: www.cooperenergy.com.au
www cooperenergy com au www.cooperenergy.com.au “Infinite potential, solid results”
Slide 21: Disclaimer
Disclaimer 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 objectives or the financial situation of i
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