Beach Energy Limited · ASX:BPT

Beach Energy — Investor Presentation (October 2011)

36 slides from Beach Energy's investor presentation, Oct 13, 2011

Slide 1: Investor Morning Presentation
For personal use only )*"+,-#*.&/0%&1++2%3&456#*&7*,+*8%*9+*5"& .56&2+/%*95"& 1533#%&:3%;<5/0& !"#$%&'()*+*)#,-,./+%/0"/1%/23,4")%5$+"), !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&'(&
Slide 2: Key drivers and unconventional gas outlook
!05"%&23+.35;&0#.0"#.0/6&/+&$5/%& For personal use only • >"4?@/4&A)5.&'($5?(/")B8&#(0& C5@0A#4/B8&"D$""0"0&"DE"$/#F5(4& 0?"&/5G& – H%#@"&/%-$I("44& – J#4&4#/?)#/"0&4#(04&5?/4-0"& 4/)?$/?)#@&$@54?)"& – K<&66$A0&.#D-.?.&L5M&)#/"& A)5.&C5@0A#4/B8&E54/&4F.?@#F5(& – <&N$A&$5(F(*"(/&)"45?)$"& ;55I-(*& •
Slide 3: Cooper Basin assets and resource summary
1+;;5*$#*.&5,3%5.%&2+6#9+*, For personal use only @AB&'?C&D&?EF>>&-;'& • !"#$%&W=X&Q5E")#/5)R1&V0"@#-0"&'(")*+&8=X& • 8YW&N$A&Q("/R&5A&$5(F(*"(/&)"45?)$"&;55I"0& • O5/"(F#@&A5)&9==P&N$A&5A&J2O& G:@&CHH@&D&?EFI>&-;'& • !"#$%&Z=X&Q5E")#/5)R1&2$5(&'(")*+&Z=X1& V0"@#-0"&'(")*+&?;4-0-#)-"4&<=X& • T-)4/&0
Slide 4: Cooper Basin basin centred gas working relationship
G$85*/5.%6&+L&4%5,0M6&1++2%3&456#*&5,3%5.%& For personal use only • J550&M5)I-(*&)"@#F5(4%-E& M-/%&5("&E#4/5)#@&5M(")&#(0& 5/%")&4/#I"%5@0")4& • ^5B5E")#F3"&(5/&$5.E"FF3"& @#(0&?4"& • H".-B0"4")/&$5?(/)+& • >"@#F3"@+&L#/&/5E5*)#E%+& • _"@@&"4/#;@-4%"0&5-@&#(0&*#4& -(A)#4/)?$/?)"&-(&/%"&.#/?)"& ^55E"
Slide 5: Target zone and Patchawarra geology
!05"%&5*$&65*$6&#6+"5/%$&L3+;&5N7#L%36, • N%-$I&/#)*"/&a5("&5A&#EE)5DY&81===& For personal use only ."/)"4&& • N%)""&4/)-(*4&5A&$#4-(*&-(&/%"&b)4/& 81===&."/)"4&-45@#/"&4?)A#$"& *)5?(0M#/")& • ')5.#(*#&#c?-A")4&M"@@&#;53"&/%"& /#)*"/&a5("&#(0&-45@#/"0&;"%-(0& /M5&$"."(/"0&$#4-(*&4/)-(*4& • N%"&N)-#4
Slide 6: Exploration program and evaluation
!05"%&.56&2"5Q&%R,%%$6&%R2%,/59+*6, :P+&8%39,5"&605"%&%85"759+*&P%""6&$3#""%$& For personal use only • '($5?(/")B8&#(0&C5@0A#4/B8&0)-@@"0&@#/"&<=8=&#(0& "#)@+&<=88& • N%-$I&4%#@"&4"$F5(&5A&#EE)5DY&<S=&."/)"4&/%)5?*%& O',&<8S1&"D/"(4-3"@+&$5)"0& • N"$%(-$#@&"3#@?#F5(&$5(F(?-(*& • J#4&0"45)EF5(&A)5.&/
Slide 7: Basin centred gas potential in sands
456#*&,%*/3%$&.56&2"5Q&S&726#$%&,+*T3;%$, For personal use only • '($5?(/")B8&#(0&C5@0A#4/B8& 0)-@@"0&5dB4/)?$/?)"&/5&/"4/& ;#4-(&$"(/)"0&*#4&E5/"(F#@& • 6?0&*#4&@5*41&"@"$/)-$&@5*4& #(0&L5M&/"4/&$5(b).&*#4&-(& 4#(04&5?/4-0"&5A&4/)?$/?)#@& /)#E& • ^5(4-0")#;@"&?E4-0"&*#4& E5/"(F#@&-(&4#(04&M%-$%&#)"
Slide 8: Fracture stimulation program
V56&W+P&L3+;&605"%6&5*$&<56#*&,%*/3%$&.56, For personal use only • C5@0A#4/B8&A)#$/?)"&4F.?@#F5(& $5(4-4/"0&5A&4"3"(&4/#*"4G& – >54"("#/%&H%#@"&Q<R& – 'E4-@5(&T5).#F5(&Q9R& – 6?)/")""&H%#@"&Q8R& – O#/$%#M#))#&T5).#F5(&Q8R& U%67"/6& • J#4&L5M&A)5.&4%#@"4&#(0&4#(04& • 6#DY&L5M&)#/"&5A&K<&66$A0& • J#4&
Slide 9: Microseismic monitoring and fracture evaluation
!9;7"59+*&%85"759+*&X&9"/;%/%36& • C-*%&#$$?)#$+&/55@4&."#4?)-(*&"#)/%&0"A5).#F5(& For personal use only • e")+&4"(4-F3"1&#;@"&/5&4""&4?;/@"&0"L"$F5(4&#445$-#/"0&M-/%&$%#(*"4&-(&*)#3-/#F5(#@& E?@@1&0?"&/5&/%"&5);-/&5A&/%"&.55(& • U"/"$/4&4?;/@"&0"L"$F5(4&0?)-(*&/%"&%+0)#?@-$&A)#$/?)"&/)"#/."(/&M%-$%
Slide 10: Evaluation of vertical wells
:#"/;%/%3&6738%Q&3%67"/6&S&Y+"$L56/X?& 1+*T3;%$&S&8%39,5"&L35,/73%6& For personal use only • f"$"44#)+&/5&$5(("$/&?E&4-*(-b$#(/& 4%#@"&/%-$I("44&#(0&.#D-.-4"&)#/"&#(0& )"4")3"4& Z35,/73%&+3#%*/59+*& • T)#$/?)"4&f_BH'&/5&ff_BHH'& • U"b("4&/%"&0-)"$F5(&5A& %5)-a5(/#@&0)-@@-(*&& !"#$%&'(")*+&,-.-/"01&2
Slide 11: The next steps
:0%&*%R/&6/%26& • T)#$/?)"&4F.?@#/"&'($5?(/")B8&M-/%&4"c?"(F#@&4F.?@#F5(&#(0&/"4F(*& For personal use only • 2(0"E"(0"(/&$")Fb$#F5(&5A&#@@&)"4")3"4&#(0&)"45?)$"4& • U)-@@&3")F$#@&0"@-("#F5(&M"@@4&/5&#EE)#-4"&4-*(-b$#(/&;#4-(&$"(/)"0&*#4&#$$?.?@#F5(& • U"4-*(&#(0&0)-@@&/%)""&%5)-a5(/#@&M"@@4&/#)*"F(*
Slide 12: Fracture stimulation completion timeline
A*,+7*/%3X?&S&!%N7%*95"&/%69*.& For personal use only • _5)I53")&5A&A)#$/?)"&4F.?@#F5(& $5.E@"F5(&4/)-(*&-(&.-0Bf53".;")& <=88& • _"@@&#3#-@#;@"&A5)&4F.?@#F5(&-(& U"$".;")&<=88& • N#)*"/&a5("4&-0"(F$#@&/5&C5@0A#4/B8& • H"c?"(F#@&4F.?@#F5(1&/"4F(*&#(0& -45@#F5(&5A&"#$%&a5("& • 9&B&Z&&.5(/%4&)"c?-)"0&
Slide 13: Drilling rig and well program
U#.6&6%,73%$&L+3&2#"+/&5*$&3%6+73,%&72.35$%&23+.35;, A*6#.*_FH& For personal use only • f"M&;?-@0&VU>&8`==&%5)4"E5M")&)-*1& "DE"$/"0&-(&VE)-@&<=8<& • V;@"&/5&0)-@@&81`==P&."/)"&@#/")#@4&& • T-)4/&%5)-a5(/#@&M"@@&-(&VNO&S``O1& A5@@5M"0&;+&M"@@4&("D/&/5&C5@0A#4/B8& #(0&'($5?(/")B8& • f"M&)"$5)0&4"/&-(
Slide 14: Horizontal well exploration program
'>?'&K%39,5"&%R2"+359+*&P%""&23+.35;& For personal use only • V&.-(-.?.&5A&b3"&3")F$#@& M"@@4&/5&#44"44G&& – >'6&4%#@"&*#4&E@#+& – !#4-(&$"(/)"0&*#4&E@#+& • e")F$#@&M"@@4&/5&;"& "d"$F3"@+&0"4-*("0&/5& 0"@-3")G&& – T@"D-;-@-/+&/5&/"4/&3#)-5?4& /#)*"/&a5("4& – H"c?"(F#@&"3#@?#F5(& M-/%&4/#(0#)0&E@?*&#
Slide 15: Proposed horizontal well design
'>?'&Y+3#\+*/5"&2#"+/&23+$7,9+*&P%""&23+.35;& For personal use only O)5E54"0&3")F$#@&M"@@4& O)5E54"0&%5)-a5(/#@&M"@@4& ,"(*/%&5A&%5)-a5(/#@&M"@@4&"D#**")#/"0&A5)&-@@?4/)#F3"&E?)E54"4& O%$*N%/#23,="33),#%,2))")),&%#"/123,7"3*0"$2>*3*#(, !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&
Slide 16: Technology advances and drilling costs
1+6/&3%$7,9+*&$3#8%*&<Q&/%,0*+"+.Q& For personal use only • V03#($"."(/4&-(&.?@FB4/#*"& A)#$/?)"&4F.?@#F5(&/"$%(-c?"4&%#4& 0)-3"(&$54/&"i$-"($-"4&-(&gH&5-@&#(0& *#4&0"3"@5E."(/4& • O#0&0)-@@-(*&-4&"(#;@-(*&A?)/%")& H5?)$"G&MMMY4/#/5-@Y$5.& "c?-E."(/&$54/&"i$-"($-"4& • V03#($"4&-(&/"$%(5@5*+&#)"& 0"@
Slide 17: New ventures opportunities
For personal use only `/0%3&7*,+*8%*9+*5"&+22+3/7*#9%6& a#-%&]+$$& MB&3%$21%/,2/7,P"0"3%&8"/#,Q2/2:"$, & !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&OH&
Slide 18: Significant acreage positions in other basins
`/0%3&7*,+*8%*9+*5"&+22+3/7*#9%6& For personal use only • '4/#;@-4%"0&4-*(-b$#(/&#$)"#*"& E54-F5(4&-(&5/%")&E)54E"$F3"&;#4-(4& • T?)/%")&E5/"(F#@&A5)&4%#@"&*#4&#(0& @-c?-04& • T5$?4-(*&5(&/%"&?($5(3"(F5(#@& E5/"(F#@&5A&#)"#4&M-/%&-(A)#4/)?$/?)"& $@54"&/5&.#)I"/4& • V@45&M-/%&$5(3"(F5(#@&E5/"(F#@G& –
Slide 19: Canning Basin and Roebuck acreage
`/P5Q&5*$&V#226"5*$&<56#*6& For personal use only `/P5Q&7*,+*8%*9+*5"&.56&5*$&"#N7#$6& • !"#$%&9`B[\X& • ^5(3"(F5(#@&E@#+4&E)53"(&7&*#41& $5(0"(4#/"&#(0&5-@&0-4$53")-"4& • ^#4/")/5(&.#-(&45?)$"&)5$I&#(0&.54/& #k)#$F3"&?($5(3"(F5(#@&/#)*"/& Map with troughs shown and permits outlines – 650")#/"&/5&%-
Slide 20: Perth Basin
4+*5253/%&<56#*& For personal use only • !"#$%&"#)(-(*&?E&/5&W=X&5A&5(4%5)"& #(0&?E&/5&``X&5A&5d4%5)"&#)"#4& • g(0")"DE@5)"0&/5&0#/"&0?"&/5&@#$I&5A& c?#@-/+&.50")(&4"-4.-$& • C-*%@+&E)54E"$F3"&#4&#&)"4?@/&5AG& – _5)I-(*&E"/)5@"?.&4+4/".4& -0"(Fb"0&-(&/%"&A"M&M"@@4&/5&0#/"& – :-@&4""E4&-0"(Fb"0&#/&4?
Slide 21: Egypt and new frontiers
For personal use only G"<5*#5&S&G&*%P&L3+*9%3& ]5**Q&473*6& R/#"$/21%/23,2/7,E"=,S"/#5$"),Q2/2:"$, !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&O(&
Slide 22: Egypt Exploration
]733%6#&4"+,-&X&G"<5*#5& For personal use only • !"#$%&<`X1&24@#(0&'DE@5)#F5(& QH#(&,"5(&'(")*+&4?;4-0-#)+R&\`X& Q5E")#/5)R& • !"#$%&%#4&#(&5EF5(&/5&-($)"#4"& -/4&"c?-/+&/5&`=X& • ^5.E@"/"0&#$c?-4-F5(&5A&& SZ=&I.<&5A&9U&4"-4.-$&-(&<=88& • 'D$"@@"(/&c?#@-/+&0#/#&#$c?-)"0& • V&)#(*"&5A&("#)B4%5)"&5-@&
Slide 23: Structure and seismic interpretation
]733%6#&4"+,-&S&GOX?b&$#6,+8%3Q&5*$&G=X?b&6/37,/73%& H_& VZB8o& V9B8o&4/)?$/?)"& f'& For personal use only ,2f'&V& AJ-GT,7*)+%0"$(,2/7,AL-GT,)#$5+#5$",5/7"$,+%/)*7"$21%/,?%$,7$*33*/:, !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&H?&
Slide 24: Western Desert and New Ventures
For personal use only c4#.&+#"M&2+/%*95"E&:5*\5*#5& ]5**Q&473*6& R/#"$/21%/23,2/7,E"=,S"/#5$"),Q2/2:"$, !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&H'&
Slide 25: Western Desert acreage
U#d&6Q6/%;6&X&B5-%&:5*.5*Q#-5&!+7/0&4"+,-E&:5*\5*#5& • !"#$%&8==X& For personal use only • O").-/&\1<==&I.<&Q,#I"&V@;")/&`19==&I.<R& • g(0")"DE@5)"0&#)"#&M-/%&%-*%&E5/"(F#@& • f#/?)#@&5-@&4""E4&5(&,#I"&N#(*#(+-I#1&#4& M-/%&,#I"&V@;")/1&-(0-$#/"&#&M5)I-(*& E"/)5@"?.&4+4/".& • N5/#@&HYVY&#(0&^f::^&-(3
Slide 26: Egypt Exploration
B5-%&:5*.5*Q#-5&*5/735"&+#"&6%%26, For personal use only !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&HO&
Slide 27: Exploration program
AR2"+359+*&23+.35;&& For personal use only • 2(-F#@&-(/")E)"/#F5(&5A&/%"&<=8=& *)#0-5."/)-$&*)#3-/+&#(0&%-B)"4& .#*("F$&0#/#&$5.E@"/"0& • V&(?.;")&5A&4?;4?)A#$"&*"5@5*-$#@& A"#/?)"4&5A&-(/")"4/&-0"(Fb"0& • T?*)5&/5&?(0")/#I"&<U&4"-4.-$&4?)3"+& -(&]8&<=8<& • '@"3"(&+"#)&OHV&4/)?$/?)"0&-(/5&/%)""& E%#
Slide 28: Deep water and shale exploration
B5-%&:5*.5*Q#-5&!+7/0&86&B5-%&G"<%3/&S&!%#6;#,&G*5"+.Q& ,#I"&N#(*#(+-I#&H5?/%&H"-4.-$&,-("&7&<U& ,#I"&V@;")/&H"-4.-$&,-("&7&9U& For personal use only 1.5 sec - 2.0 sec - 2.5 sec - U""E")&M#/")&-(&,#I"&N#(*#(+-I#& H5?)$"G&!"#$%&'(")*+&,/0&7&O)5l"$/&O)5;"&0#/#& H5?)$"G&N?@@5M&:-@&E@$&7&'VO^'1&<=88& !"
Slide 29: Exploration and portfolio
For personal use only A.Q2/&S&A6/5<"#60%$&5*$&.3+P#*.&2+3e+"#+& f%#"&V#<<#*6& V'*"?,W&"$21/:,WX+"$, !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&HI&
Slide 30: Asset overview
A.Q2/&+8%38#%P, For personal use only • !"#$%&-(/")"4/4&)#(*"&8`&7&<<X& • V(&"4/#;@-4%"0&#(0&*)5M-(*&E5)p5@-5& 5A&("#)B/").&0"3"@5E."(/&j& "DE@5)#F5(&5EE5)/?(-F"4& • G<7&!%**5*&4-D&M"@@&#EE)#-4#@m& "DE@5)#F5(&E)5*)#.&7&/M5&M"@@4& 0)-@@"01&;5/%&0-4$53")-"4& • V7"L&+L&!7%\1&f5)/%&H%#0M#(& "DE"$/"0&/5&
Slide 31: Well results and exploration
G<7&!%**5*&,+*,%66#+*&S&%R2"+359+*&67,,%66& For personal use only • !"#$%&<<X1&s?M#-/&'(")*+&`=X& Q5E")#/5)R1&U53")&2(3"4/."(/4&<SX& • J#4&#(0&$5(0"(4#/"&0-4$53")-"4&A)5.& /%"&b)4/&/M5&M"@@4&0)-@@"0& ggXO&& • U#-@+&L5M&)#/"&5A&#EE)5DY&S`=&;#))"@4& Q;;@R&5A&$5(0"(4#/"&#(0&& \&66$A0& • 'c?-3#@"(/&/5/#
Slide 32: Exploration program
G<7&!%**5*&,+*,%66#+*&S&Zh?'&%R2"+359+*&23+.35;& For personal use only • T5?)&M"@@4&)".#-(-(*&5A&/%"&4-D&M"@@& "DE@5)#F5(&E)5*)#.& • 9U&4"-4.-$&$53")#*"&53")&/%"&M%5@"& $5($"44-5(& • 9U&4"-4.-$&%#4&;""(&/%"&I"+&/5&4?$$"44& -(&/%"&_"4/")(&U"4")/& • '@&H#@.-+#&#(0&V@&t#%)##&/#)*"/4&#)"& ("D/&/5&;"&0)-
Slide 33: Development well program
V7"L&+L&!7%\&S&f+3/0&!05$P5*, For personal use only • !"#$%&<=X1&!O&`=X&Q5E")#/5)R1&N)-& :$"#(&9=X& f!&=II&5*$&f!&=CH& • f"#)&4%5)"&b"@04&M-/%&b)4/&5-@& "DE"$/"0&0?)-(*&Tq8<&3-#&E-E"@-("&/5& >#4&J%#)#&A#$-@-/+& • NM5&0"3"@5E."(/&M"@@4&4?$$"44A?@@+& 0)-@@"0&-(&9\\& • :(4%5)"&E-E"@-("&#(0&-(A)#4/)?$/?
Slide 34: Exploration outlook
a%6505&,+*,%66#+*, For personal use only • !"#$%&8`Xr1&6"@)54"&Z=X& Q5E")#/5)R1&C"@@"(-$&9=X1& s?M#-/&'(")*+&8`X& • N%"&@#)*"4/&$5($"44-5(&#)"#& -(&'*+E/&#/&`\1===&I.<& • O544-;@"&)-u&;#4-(&4-.-@#)&/5& J?@A&5A&H?"a& • O5/"(F#@&A5)&3")+&@#)*"&5-@& b"@04&&Qh8==&66;;@PR& • K<1`==&I.&5A&)"*-5(#@&#(0& -(
Slide 35: Questions
For personal use only i7%69+*6j& & k5*$&/0%*&"7*,0& !"#$%&'(")*+&,-.-/"01&2(3"4/5)&65)(-(*&7&89&:$/5;")&<=88& !"#$%&F=&
Slide 36: Contact information
1+*/5,/&#*L+3;59+*& !"#$%&'(")*+&,-.-/"0&7&C"#0&5i$"& For personal use only <`&^5(+(*%#.&H/)""/& J@"(4-0"&HV&`=[`& N"@G&P[8&S&S99S&<S99& T#DG&P[8&S&S99S&<99[& _";4-/"G&MMMY;"#$%"(")*+Y$5.Y#?& & & & ^%)-4&t#.-"45(& 2(3"4/5)&>"@#F5(4&6#(#*")& N"@G&P[8&S&S99S&<S99& 65;G&P[8&S&Q=RZS\&8\9&<ZZ& '.#-@G&$%)

Beach Energy — Investor Presentation (October 2011) on 6ix

Beach Energy — Investor Presentation (October 2011)

Slide 1: Investor Morning Presentation

Slide 2: Key drivers and unconventional gas outlook

Slide 3: Cooper Basin assets and resource summary

Slide 4: Cooper Basin basin centred gas working relationship

Slide 5: Target zone and Patchawarra geology

Slide 6: Exploration program and evaluation

Slide 7: Basin centred gas potential in sands

Slide 8: Fracture stimulation program

Slide 9: Microseismic monitoring and fracture evaluation

Slide 10: Evaluation of vertical wells

Slide 11: The next steps

Slide 12: Fracture stimulation completion timeline

Slide 13: Drilling rig and well program

Slide 14: Horizontal well exploration program

Slide 15: Proposed horizontal well design

Slide 16: Technology advances and drilling costs

Slide 17: New ventures opportunities

Slide 18: Significant acreage positions in other basins

Slide 19: Canning Basin and Roebuck acreage

Slide 20: Perth Basin

Slide 21: Egypt and new frontiers

Slide 22: Egypt Exploration

Slide 23: Structure and seismic interpretation

Slide 24: Western Desert and New Ventures

Slide 25: Western Desert acreage

Slide 26: Egypt Exploration

Slide 27: Exploration program

Slide 28: Deep water and shale exploration

Slide 29: Exploration and portfolio

Slide 30: Asset overview

Slide 31: Well results and exploration

Slide 32: Exploration program

Slide 33: Development well program

Slide 34: Exploration outlook

Slide 35: Questions

Slide 36: Contact information