Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Shareholder Meeting (November 2004)
18 slides from Amplitude Energy's shareholder meeting presentation, Nov 30, 2004
Slide 1: ASX announcement: 2004 AGM presentation
P O Box 1163 South Perth WA 6951 Registered Office: Suite 4, Level 3, South Shore Centre 83 – 85 The Esplanade South Perth WA 6151 Telephone: (+ 61 8) 9368 5833 Facsimile: (+ 61 8) 9368 5844 Email: admin@cooperenergy.com.au ABN 93 096 170 295 Visit us at: www.cooperenergy.com.au 30 November 2004 Aus
Slide 2: Annual General Meeting November 2004
Annual General Meeting November 2004
Slide 3: AGM – Cooper Energy Overview
AGM – Cooper Energy Overview “Production revenue underpinning search for growth” Michael Scott, Chief Executive Officer, November 2004
Slide 4: Overview Contents
Overview Contents • 2003-2004 Recap • Business Development: Focus Areas • Exploration: Targets, Drilling Schedule and Kitson-1 • Development: Worrior, Christies and Arwon activity • Production: Production and Reserves • Performance and Forecasts • Summary 3
Slide 5: 2003-2004 Recap
2003-2004 Recap • Christies production commenced (Oct 03) • Worrior field discovered and production commenced (Dec 03) • No HSE incidents • Production +393% to 199,041 barrels • Reserves +177% to 1.04 million barrels at 1.07.04 • Oil sales +671% to A$5.4 million • Cash +141% to A$9.4 million • Share
Slide 6: Business Development – Focus Areas
Business Development – Focus Areas • Central Australia - Add value to position - New acreage, acquisitions, mature existing exploration portfolio, optimise value of discovered assets • Next Focus Basin(s) - Identify - Penetrate - Secure a high value opportunity • Opportunistic - Be flexible to high
Slide 7: Exploration – Targets and Drilling Schedule
Exploration – Targets and Drilling Schedule Permits Well Permit Timing Reserves Share 1 Kitson-1(1) PEL88 Mar 05 4-33 MMbbl 30% York-1(2) PEL100 Jul 05 4.1 MMbbl 28.33% 9 4 Strickland-1(3) PEL100 Aug 05 1-2 MMbbl 28.33% 10 Geordie-1(4) PEL88 Sep 05 1.7 MMbbl 30% 2 3 Lead 4(5) or PEL92 Oct 05 1-1.2 M
Slide 8: Exploration – Kitson-1
Exploration – Kitson-1 • Namur oil target • Four way dip closure model 4 MMbbl mean Cadna-owie Fm reserves (20% POS) Namur Fm • Fault closure model 33 MMbbl Birkhead Fm mean reserves (4% POS) Tinchoo Fm • March 2005 spud Basement Kitson-1 location 7
Slide 9: Development – Worrior, Christies and Arwon
Development – Worrior, Christies and Arwon Worrior EPT • Worrior: install permanent facilities and provide artificial lift. • Christies: artificial lift and enhanced water-handling. Negotiating to boost production offtake. • Arwon: commence production 1Q05 – via Worrior or standalone facilities. Chr
Slide 10: Total Production (bopd)
9 Total Production (bopd) 1/ 11 0 200 400 600 800 1000 1200 /0 1/ 2 12 /0 1/ 2 01 /0 1/ 3 02 / 1/ 03 03 /0 1/ 3 04 /0 1/ 3 05 /0 1/ 3 06 /0 1/ 3 07 /0 1/ 3 08 /0 Worrior (PEL93, 30%) 1/ 3 09 /0 1/ 3 10 /0 1/ 3 11 /0 1/ 3 12 /0 1/ 3 01 /0 1/ 4 02 /0 Production 1/ 4 03 /0 1/ 4 Date (dd/mm/yy) 04 /0 Ch
Slide 11: Reserves
Reserves UR: 3.1, Prod: 0.4, Res: 2.7, COE: 30% UR: 1.3, Prod: 0.1, Res: 1.2, COE: 25% PEL93 PEL113 Christies-1 PPL207 PPL205 Worrior-2 Arwon-1 Target Pando-1 Christies-2 Christies-3 Worrior-1 Pando South-1 1000 metres scale 500 metres scale Worrior Oil Field Christies Oil Field UR: 0.27, Prod: 0.2,
Slide 12: Performance and Forecasts
Performance and Forecasts Cooper Energy Annual Production Cooper Energy Oil Sales Received 350000 16 Window 300000 14 Window Production (Barrels) 12 Sales (A$ Million) 250000 10 200000 8 150000 6 100000 4 50000 2 0 0 2002-2003 2003-2004 2004-2005 2002-2003 2003-2004 2004-2005 Financial Year Financia
Slide 13: Summary
Summary • Outstanding success since listing in 2002 - cash, production, reserves, Cooper Basin targets, international opportunities • Focused strategy to add further value: - Cooper Basin (exploration and production) - International (working to secure position in next focus basin) - Remain open and
Slide 14: www.cooperenergy.com.au
Cooper Energy Www.cooperenergy.com.au
Slide 15: CEO's Operational Address to Accompany Presentation
Cooper Energy – CEO’s Operational Address to Accompany Powerpoint Presentation at AGM on 20 November 04 SLIDE #2 - OPENING SLIDE Good afternoon ladies and gentlemen, today I will give you an overview of Cooper Energy’s operational activities. As per the theme of this presentation, we are now generat
Slide 16: Narration: next focus area and Morocco
In parallel to increasing value in Central Australia we have been out pursuing the next focus area. I can inform you that this will most likely be an International opportunity. We have identified a couple of high value areas and we are in negotiations to enter these areas. At this time it would be i
Slide 17: Narration: Exploration – Kitson-1
SLIDE #7 – EXPLORATION - KITSON-1 Kitson is a large prospect and the main target reservoir is the Late Jurassic Namur formation. However, other formations, such as the Mckinley, Birkhead and Hutton, may also have the potential to contain hydrocarbons but volumes have not been evaluated for these for
Slide 18: Narration: Reserves and Performance and Forecasts
SLIDE #10 –RESERVES We currently have three producing fields: Worrior, Christies and Sellicks. P50 discovered reserves at 1.10.04 were 2.7 MMbbl at Worrior, 1.2 MMbbl at Christies and 0.07 MMbbl at Sellicks. Cooper’s share of P50 discovered reserves is 1.1 MMbbl at 1.10.04. Our key challenge is now