Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Merger or Acquisition (September 2008)
22 slides from Amplitude Energy's merger presentation, Sep 16, 2008
Slide 1: Takeover Offer for Incremental Petroleum
For personal use only Takeover Offer for Incremental Petroleum 16 September 2008
Slide 2: Disclaimer and Important Notice
Disclaimer and Important Notice For personal use only • This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdi
Slide 3: Contents
Contents For personal use only The Offer Transaction Highlights and Strategic Benefits Benefits to Incremental Shareholders Indicative Timetable Cooper Overview Note: This should be read in conjunction with Cooper Energy’s ASX announcements and Bidder’s Statement 3
Slide 4: The Offer
For personal use only The Offer
Slide 5: The Offer
The Offer For personal use only • Cooper Energy Limited (Cooper) is offering Incremental Significant Premia Petroleum Limited (Incremental) shareholders for each of their Incremental shares a choice of: 1 Offer Value 132 cps 3.1 Cooper shares (All Share Alternative); or 50 cents cash and 1.9 Coo
Slide 6: Transaction Highlights and Strategic Benefits
For personal use only Transaction Highlights and Strategic Benefits
Slide 7: Compelling Strategic Benefits for all Shareholders
Compelling Strategic Benefits for all Shareholders For personal use only Creating a strong ASX listed mid-tier E&P company positioned for growth • Complementary portfolios that diversify risk and increase global reach • High quality exploration, appraisal, development and production assets • Increme
Slide 8: Complementary portfolios that increase global reach
Complementary portfolios that increase global reach For personal use only Attractive geographical spread of exploration, appraisal and ▲ Production development interests across five continents Australia Callawonga oil field (25%) Worrior oil field (30%) Christies oil field (25%) Sellicks oil field (
Slide 9: Increased production, reserves and diversification
Increased production, reserves and diversification For personal use only 100% oil with emerging international gas portfolio • Significant production – currently all oil Increased production¹ (bopd) • Significant reserves base – currently all oil 9 fields • Incremental shareholders gain access to Coo
Slide 10: A significant mid-cap oil producer
A significant mid-cap oil producer For personal use only Increased production fully exposed to a historically high oil price environment Peer oil production levels1 • Significant mid-tier oil producer in 6 consolidating sector Barrels of oil per day (000's) 5 • Immediate increased production profile
Slide 11: Increased cash flows and strengthened balance sheet
Increased cash flows and strengthened balance sheet For personal use only Financial strength to support Merged Group organic growth platform Cooper Incremental Merged Market Capitalisation1 (A$million) 107 51% 49% 104 211 Revenue2 (A$million) 45 49% 51% 47 92 Cash on hand3 (A$million) 64.6 87% 13% 9
Slide 12: Enhanced market position and liquidity
Enhanced market position and liquidity For personal use only A significant mid-tier exploration, development, appraisal and production company Peer market capitalisation1 (A$mm) Comparison of Incremental & Cooper liquidity2 S&P/ASX 300 Companies Incremental Cooper 157% Market Capitalisation (A$mm)..
Slide 13: Incremental shareholder benefits
Incremental shareholder benefits For personal use only Incremental shareholders would benefit significantly • Significant premium of 35% • Retain Incremental unfranked dividend of 3 cents per share to be paid in October • Choice of consideration – can choose to have maximum or reduced exposure to th
Slide 14: Indicative Timetable
For personal use only Indicative Timetable
Slide 15: Indicative Timetable
Indicative Timetable For personal use only Event Timing • Lodgment of Bidder’s Statement 15 September 2008 • Expected despatch of Bidder’s Statement Early October 2008 • Earliest date for the Offer to close November 2008 15
Slide 16: Overview of Cooper
For personal use only Overview of Cooper
Slide 17: Cooper Overview
Cooper Overview For personal use only Cooper has strong base production and reserves, a large exploration and appraisal portfolio and a significant cash balance and cash flow to exploit growth opportunities • Australian production of 380,135 barrels of oil for FY 2008 from seven fields • Developed r
Slide 18: Australian Appraisal and Exploration Highlights
Australian Appraisal and Exploration Highlights For personal use only PEL 92 (Cooper Energy 25%) Callawonga (Cooper Energy 25%) Sumulation study has Clean-up identified a 3,362 bopd number of additional potential drainage points Clean-up 1,430 bopd • Discovered in July 2006 • ~6 million barrels oil
Slide 19: Tunisian Exploration: Bargou (Cooper Energy 100%)
Tunisian Exploration: Bargou (Cooper Energy 100%) For personal use only Located in Gulf of Hammamet, Tunisia • Located adjacent to Hammamet Permit • Successfully completed a 2 year Prospecting Permit with work program exceeded • About to convert to a 5 year Exploration Permit with one well commitmen
Slide 20: Tunisian Exploration: Hammamet (Cooper Energy 35%)
Tunisian Exploration: Hammamet (Cooper Energy 35%) For personal use only Located in Gulf of Hammamet, Tunisia • Located adjacent to Bargou • CY07 3D seismic over these and other targets • Two key targets being evaluated for CY3Q08 selection decision: Tamera abandoned oil field appraisal Fuschia
Slide 21: Indonesian Exploration
Indonesian Exploration For personal use only South Madura PSC (Cooper Energy 30.0%) Seruway PSC (Cooper Energy 22.5%) Gurame 2008 2D seismic area 2008 2D seismic area Discovered Gas Accumulations • Located in North Central Java • Located in North East Sumatra • Kurnia-1 made non-commercial gas • Sha
Slide 22: www.cooperenergy.com.au
For personal use only www.cooperenergy.com.au “Infinite potential, solid results”
Cooper Energy — Merger or Acquisition (September 2008) on 6ix