Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Shareholder Meeting (November 2018)
20 slides from Amplitude Energy's shareholder meeting presentation, Nov 8, 2018
Slide 1: Energy for south-east Australia: 2018 Annual General Meeting
Energy for south-east Australia 2018 Annual General Meeting
Slide 2: Address by the Chairman
Address by the Chairman Mr John Conde AO
Slide 3: Address by the Managing Director
Address by the Managing Director Mr David Maxwell
Slide 4: Important Notice – Disclaimer
Important Notice – Disclaimer This presentation (“Presentation”) is issued by Cooper Energy Limited ABN 93 096 170 295 (“Cooper Energy” or “COE”) to accompany an address by the Managing Director to the 2018 AGM on November 8 2018. The information contained herein should be considered with the inform
Slide 5: Cooper Energy gas business
Cooper Energy gas business Multi-basin gas portfolio built on 2 hubs well located for supply to south-east Australia 2P Reserves contracted Cooper Basin: oil production 2P Reserves uncontracted 2C Contingent Resources uncontracted Gippsland Hub: gas development Otway Hub: gas production, and explora
Slide 6: 5 levers for the next wave of growth
5 levers for the next wave of growth Value creation opportunities within existing portfolio to be pursued Gas contracting Infrastructure Undeveloped gas Contingent Resources Exploration • Contract CY 20-22 • Minerva Gas Plant • Develop 285 PJ • 125 PJ1 gas • Drill • ~ 43 PJ of gas • Acquire & connec
Slide 7: Gas reserves: contracted and uncontracted
Gas reserves: contracted and uncontracted CY19 gas contracting completed at current market prices after competitive tender. 120 PJ of uncontracted 2P reserves still available to market Uncontracted 2P Gas supply profile contracted & uncontracted PJ pa Contracted 12 11 10 11 10 9 8 11 21 11 Sole Comm
Slide 8: Minerva Gas Plant
Minerva Gas Plant Agreement to acquire plant that offers cost, production and strategic benefits • Agreement for Casino Henry JV to acquire plant after it ceases producing gas from Minerva gas field • Capacity 150 TJ/day, with liquids handling capability • Connected to SEA Gas pipeline • Capacity an
Slide 9: Orbost Gas Plant
Orbost Gas Plant Owned, upgraded and operated by APA to process gas from Sole with access for Manta Ideally located for other Gippsland gas projects 9
Slide 10: Developing undeveloped reserves: Sole gas field
Developing undeveloped reserves: Sole gas field Well head deployment to seabed Successful production test at Sole-3 • Sole offshore project taken to 81% complete at 31 October Laying pipe from Orbost gas plant to Sole 10
Slide 11: Manta
Manta Opportunity to add new reserves with synergistic development adjacent to Sole • 106 PJ1 2C contingent gas resource with exploration potential identified in deeper reservoirs • Processing at Orbost provided for in agreement with APA • Production of 25 PJ pa gas in initial years; plus liquids •
Slide 12: Exploration for new gas reserves
Exploration for new gas reserves Drilling to be undertaken in proven gas provinces close to infrastructure and markets 12
Slide 13: Offshore Otway Basin exploration
Offshore Otway Basin exploration Prospect rich and favourable economics due to pipeline and plant access Seismic inversion and subsequent studies identified 2 leading candidates for drilling1 Gross unrisked Prospective Resource2 (billion cubic feet Cooper Energy share 50%) Prospect Low (P90) Best (P
Slide 14: Offshore Gippsland Basin exploration
Offshore Gippsland Basin exploration Manta unrisked Prospective Resource1 estimate Low (P90) Best (P50) High (P10) Oil MMbbl 1.0 1.5 2.3 Condensate MMbbl 6.8 12.9 25.9 Gas PJ 275.8 526.2 1,054.2 The estimated quantities of petroleum that may be potentially recovered by the application of future deve
Slide 15: Onshore Otway Basin exploration
Onshore Otway Basin exploration Haselgrove drilling results confirm prospectivity for deep conventional gas South Australia • Haselgrove-3 discovery in adjoining PPL 62 has confirmed conventional gas prospectivity of the Sawpit Sandstone at depths below previous producing levels • SA government gran
Slide 16: Drilling plans for value realisation
Drilling plans for value realisation Acting on rig availability to bring forward Otway exploration, optimise development in success case with Henry and Manta 1. Ocean Monarch availability from March to August 2019 provides economic rig contract opportunity 2. Negotiating to contract Ocean Monarch fo
Slide 17: Cooper Basin
Cooper Basin Cash generating asset with low production costs and outstanding reserves replacement Cooper Energy Cooper Basin 2P reserves1 million barrels 1.8 1.8 1.5 1.4 1.3 1 As announced to ASX on 13 August 2018. Cooper Energy confirms that it is not aware of any new information or data that mater
Slide 18: Wrap-up
Wrap -up 1. Cooper Energy is within 9 months of transformational growth in production and cash flow from Sole 2. Sole is 81% complete, within schedule and budget 3. Cooper Energy’s existing portfolio has exploration and development potential to deliver the next wave of transformational growth 4. Ini
Slide 19: Appendices
thd wr) OOPER NERGY Mm Appendices
Slide 20: Profile of contracted and uncontracted gas by project
Profile of contracted and uncontracted gas by project Existing reserves and resources offer growth before exploration upside Gas sales profile by project Manta uncontracted contracted & uncontracted Sole uncontracted PJ pa Sole contracted Manta Otway uncontracted (subject to appraisal well and FID)
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