Beach Energy Limited · ASX:BPT

Beach Energy — Beach Petroleum — Shareholder Meeting (September 2005)

38 slides from Beach Energy's shareholder meeting presentation, Sep 1, 2005

  1. Slide 1: iil)

    iil) a E z==3 a2 Se = eS cpa | oon Yah

  2. Slide 2: Summary

  3. Slide 3: Overview of BPT

  4. Slide 4: New Opportunities & Placement

  5. Slide 5: Strategy for Growth

    Increasing Production Commercial Strong Financial Growth Discoveries Growth from High Impact Discoveries Substantial Exploration Pro ramme Return to Shareholders Growth from Cornerstone Cash Flow Generators: * Bodalla — Kenmore + reserves additions * New SA Cooper-Eromanga discoveries * BMG Project

  6. Slide 6: CARIN

    A CARIN IIIT rea ae 1 el Mais a Oil A vi ell il Core pnto ate mire ener mn encn ee re nnn ef eee a

  7. Slide 7: BPT Share Price

    —BPT Share Price » ASX 300 Energy — Oil (Spot) Beach outperformed both the ASX 300 Energy and Oil Price during FY2004/05

  8. Slide 8: Cumulative Dividend

    HEE Qumuative Diidend

  9. Slide 9: Financial Highlights FY 2004/05

  10. Slide 10: Annual Production

    Annual Production & H1 Production H H2 Production

  11. Slide 11: Other Highlights in 2004-05

  12. Slide 12: Kenmore Field

    Kenmore Fieid

  13. Slide 13: Bodalla Fields: A Low Cost Acquisition with Proven High Upside

  14. Slide 14: Bodalla Netback ($/bbl)

  15. Slide 15: 2.2 million barrels of new 2P reserves added since purchase

    2.2 million barrels of new 2P reserves added since purchase MIM

  16. Slide 16: In December 2001, Beach purchased Bodalla/Kenmore

    In December 2001, Beach purchased OCA/Santos 78% share of Bodalla/Kenmore for ~$17 million for 2.1 mmb (A$8.07/bbl) At August 2005, we can say actually 3.8 mmb of 2P reserves were purchased at ~A$4.45/bbl There is still potential for considerably more — a strong drilling campaign is being considered

  17. Slide 17: Expected Ultimate Recoverable Reserves continue to rise

    After more than 20 years of production, Expected Ultimate Recoverable Reserves continue to rise

  18. Slide 18: HH MAH AN

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  19. Slide 19: Slide 19

  20. Slide 20: Slide 20

  21. Slide 21: each

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  22. Slide 22: Anzon Energy Limited

    Anzon Energy Lirnited AEL Anzon Australia Limited AZA

  23. Slide 23: Immediate focus is to bring Basker-Manta oil assets into production

    immediate focus isto: | BringtheBasker- ___ Manta Oil Assets into _ production by 2006 _ Evaluate iden exploration leads; anc _Commercialise Manta- _ Gummy gasassets |

  24. Slide 24: ‘ais it MISS ee

    ‘ais it MISS ee ey ee ae ce ae CSG cen re ee

  25. Slide 25: Quality assets

    Quality assets » Proven “blue-chip” Gippsland Basin, Bass Strait oil and gas | development assets i Proximate to major existing infrastructure including established oil refineries, gas pipelines Proven and Probable (2P) oil reserves and contingent gas resources totalling 42.5 mmboe Potential upside

  26. Slide 26: _ La canna

    7 _ La canna WG EO Gi ecraaieaiaain 2 Ly & ay 7 ye Le Ue WME a i yg 7 Gis a 7 Wy 7 Le Le i a gi ey EE 7 eee Le Li ‘NB: ‘Ba ased 0 on. Operator’ Ss forecast assuming there is Ful fie le

  27. Slide 27: : noted.

    ay Di : noted.

  28. Slide 28: BMG: A Potential New Cashflow Generator

  29. Slide 29: We ae ee

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  30. Slide 30: Potentially Valuable Addition to Reserves/Resource Base

  31. Slide 31: Vie

    2 / 4 ie He Vie

  32. Slide 32: Potential to yield a significant addition to Beach's reserves base

    Foun jal to s yield a signifi icant addition to _ Beach's. Teserves base ae! = Highsid po ; _barrels recognised oe C h WD | jae

  33. Slide 33: CARIN

    A CARIN IIIT rea MAA TT Nini. a Oil A vi ell il

  34. Slide 34: Summary

  35. Slide 35: Fermat and Bernoulli Prospects

    PEPIST EPRL 100% | ViciPa6 a) EPRLE?. mS Bernoul 20 kilometes: TTT SS ropesed Location Calister 1 VICIPS1 Santos JV », VICAP52 Santas JV Fermat Prospect Areal Closure (sq km) Target Mean recoverable resource estimate 22.2 Fiaxman c 262 BCF 46.8 Waarre C 613. BCF Waarre A 468 BCF Bernoulli Prospect A

  36. Slide 36: Well list and interests

    Yanerbie 1 31.25% — PEL 440 I Peterborough 4 Acrasia 4 25% PPL 203 i Childers Cove 4 Kiana 1 40% PEL 107 il Y Cowrle 1 Tyringa 1 40% PEL 107 Otway-A Udachat 90% Pet NO Middleton 4 50% PEL 106 i Hurricane 2 Christies 475% PPL-208 a Christies 5 78% PPL 205 LAR I Selticks 2 FEY PPL 204 Boomer 7 TB% PEL

  37. Slide 37: Cooper-Eromanga Drilling

  38. Slide 38: Otway Basin Activities

Beach Petroleum — Shareholder Meeting (September 2005) on 6ix