Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — RIU Good Oil Conference 2017
20 slides from Amplitude Energy's conference presentation, Sep 14, 2017
Slide 1: Presentation to RIU Good Oil Conference
For personal use only Presentation to RIU Good Oil Conference David Maxwell, Managing Director 14 September 2017
Slide 2: Important Notice – Disclaimer
Not for release or distribution in the United States of America Important Notice – Disclaimer This investor presentation (“Presentation”) is issued by Cooper Energy Limited ABN 93 096 170 295 (“Cooper Energy” or “COE”). This Presentation has been issued by Cooper Energy in relation to: • Provision o
Slide 3: Since we last presented last year…
Not for release or distribution in the United States of America Since we last presented last year… For personal use only The last 12 months: Right now: Period to June 18 Acquired Santos Victorian gas assets o Supplying gas from Otway Basin o Developing Sole gas project Signed gas supply agreemen
Slide 4: Recent announcements: Finance, Sole FID, Earnings and Reserves
Not for release or distribution in the United States of America Recent announcements Finance, Sole FID, Earnings and Reserves For personal use only 1. A$400 million fully underwritten finance package (“the Finance Package”) Cooper Energy has announced a fully underwritten Finance Package comprising
Slide 5: Significance
Not for release or distribution in the United States of America Significance Finance Package favourable for cost, balance sheet, reserves and delivery of growth For personal use only 1. Funding has been secured for Sole and other opportunities with quality counterparties following a competitive proc
Slide 6: Production profile from existing assets and projects
Not for release or distribution in the United States of America Production profile from existing assets and projects Gas production from current assets has capacity to drive 3 year, 5 times, production uplift For personal use only Cooper Energy total production MMboe 4.1 Gippsland Otway 0.4 1.9 1.4
Slide 7: Opportunities and commitments
Not for release or distribution in the United States of America Opportunities and commitments $66 million & operating cash flows fund production and value opportunities1 For personal use only Cooper Basin Exploration & development capex Onshore Otway Basin Gas exploration Offshore Otway Basin • Casi
Slide 8: Offshore Otway Basin prospectivity
Not for release or distribution in the United States of America Offshore Otway Basin prospectivity Attractive low risk portfolio located adjacent to infrastructure and market For personal use only • 33 prospects identified in VIC/P44, VIC/RL11, VIC/RL12, VIC/L24 and VIC/L30 • 21 prospects within 5km
Slide 9: Australian Proved and Probable Reserves; mid & small caps
Not for release or distribution in the United States of America Australian Proved and Probable Reserves; mid & small caps Cooper Energy holds the largest Australian conventional gas reserves of its peer group For personal use only Australian 2P reserves 1 MMboe 48.4 Oil 52.4 51.9 Gas & gas liquids 7
Slide 10: Gas market update
Not for release or distribution in the United States of America Gas market update Gas buyers’ enthusiasm to secure supply unchanged, spot price stabilised just below $10/GJ For personal use only Cooper Energy • Commenced detailed discussions with gas buyers for supply contracts from Casino Henry (Ot
Slide 11: South-east Australia gas supply costs in 2020
Not for release or distribution in the United States of America South-east Australia1 gas supply costs in 2020* Cooper Energy projects are cost competitive for south-east Australia For personal use only Delivered Melbourne city gate cost for gas from eastern Australia available for delivery to domes
Slide 12: Sole gas project
Not for release or distribution in the United States of America Sole gas project New supply for south-east Australia with blue chip customers & uncontracted gas For personal use only Midstream: Orbost Gas Plant (APA1 100%) Upstream: Agreement executed 1/6/2017 • 249 PJ 2 2P gas APA to: • Ready to pr
Slide 13: Sole gas project: current and completed work
Not for release or distribution in the United States of America Sole gas project: current and completed work 14% of work completed to end July. Work and costs on schedule For personal use only Onshore Pipeline Wells Bulk earthworks completed Welding of shore crossing pipeline Rig contracted: O
Slide 14: Sole gas project scenes
Not for release or distribution in the United States of America Sole gas project scenes For personal use only Fireline set up Welded pipeline string awaiting installation in HDD 14
Slide 15: Sole gas project scenes
Not for release or distribution in the United States of America Sole gas project scenes For personal use only HDD drilling Casing pull through to HDD 15
Slide 16: Orbost gas plant site works
Not for release or distribution in the United States of America Orbost gas plant site works For personal use only Conduit to guide main gas pipe to HDD HDD drilling units (2) Pipework to production flare Conduit to guide control umbilical pipe to HDD 16
Slide 17: Sole gas project schedule
Not for release or distribution in the United States of America Sole gas project schedule On track for first gas in March 2019 For personal use only H2 2017 H1 2018 H2 2018 H1 2019 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Phase EXECUTE OPERATE S
Slide 18: Cooper Energy investment highlights
Not for release or distribution in the United States of America Cooper Energy investment highlights For personal use only Secures Sole funding & 3-year growth profile • Sole fully funded; FID accomplished • 362% reserve uplift through reserve recognition post FID • Underpins 5 times production growt
Slide 19: Thank-you
Not for release or distribution in the United States of America For personal use only THANK-YOU 19
Slide 20: Finance requirements
Not for release or distribution in the United States of America Finance requirements1 Finance package incorporates project finance requirements and funding for identified growth opportunities and commitments outside Sole For personal use only $ million Debt finance requirements 66 20 (21) 18 (199) 3