Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Investor Presentation (November 2013)
24 slides from Amplitude Energy's investor presentation, Nov 13, 2013
Slide 1: Investor Pack November 2013
For personal use only November 2013
Slide 2: Important Notice – Disclaimer
Important Notice – Disclaimer For personal use only The information in this presentation: Is not an offer or recommendation to purchase or subscribe for shares in Cooper Energy Limited or to retain or sell any shares that are currently held. Does not take into account the individual investment objec
Slide 3: COE share price and key figures
For personal use only COE share price Key figures $ rolling 12 month Share price range, 12 months $0.35 - $0.62 Shares on issue 329.0 mill Market capitalisation1 $141.6 mill Cash & investments2 $67.8 mill Debt Nil Production MMbbl /year 0.50 Share register Top 20 holders~64% Funds/Corp ~67% (1) As a
Slide 4: For personal use only
For personal use only ASX 300 Exploration & Market cap of $142 million (1) Production company ~ 67% institutional and corporate shareholders High margin production Cooper Basin western flank oil production assets Indonesia oil production Prospective & strategic Cooper, Otway, Gippsland - c
Slide 5: Positive start to FY14
For personal use only Sales revenue • Sales revenue of $18.4 million up 58% on pcp $ million year to date 30 September • Production on track for increase of 10% or more on FY13 18.4 – FY14 guidance of 0.54 to 0.58 million barrels; vs 0.49 in FY13 11.7 – Cooper Basin Q1 production up 25% to 129,429 b
Slide 6: Leveraging strengths for TSR
For personal use only Total Shareholder Return and Health Safety Environment Community Strategy • High margin oil • Fundamentals focus: market, technical, cost & commercial • Build gas supply & demand portfolio • Leverage and grow strengths People Funding Assets • Deep knowledge • Strong balance she
Slide 7: Reserves and risked resources
For personal use only Reserves and risked resources(1) Prospective resources by risk(1) MMboe 110 MMboe total 110 29 2P Reserves Low Risk 2C Resources 58 Medium Risk Prospective Resources 22 High Risk 5.7 2.2 • Hammamet West-3 ST-1 impact currently being assessed • FY14 program addressing Cooper Bas
Slide 8: For personal use only
For personal use only Cooper Basin Market driven Production growth Hammamet West-3 resource Production: 0.5 MMbbl/pa Cooper Basin Low risk value-add Very prospective acreage (12,600 km2) High margin oil production Otway Basin Material exploration opportunities Attractive fiscal terms Sustained explo
Slide 9: Core Cooper Basin business
1. Core Cooper Basin business For personal use only PEL 92 Cumulative exploration well success rate COE Cooper Basin production MMbbl 100% 0.48 0.50 0.46 80% 0.41 0.40 0.38 60% 40% 20% 2008 2009 2010 2011 2012 2013 2014f 0% 2003 2007 2009 2011 2012 2013 • Historical production of 0.4 – 0.5 MMbbl, in
Slide 10: Valuable production + high success rates
For personal use only • Oil production and exploration - current approximately 1,400 bopd (net) • Discovered 5.9 mill bbls (net) to date (1) • Produced 4.1 mill bbls (net) to date (1) • Production expect to increase in FY14 • 3D seismic over best areas by end 2013 • Significant remaining potential -
Slide 11: Developing portfolio built around markets
For personal use only Focus on fundamentals • cost curve & location determines development sequence • technical & commercial robustness Cooper Basin • gas potential Otway Basin • conventional and unconventional • close to infrastructure & markets Gippsland Basin • gas opportunities • close to infras
Slide 12: Strong fundamentals and valuable
For personal use only • Strong regional position • Close to markets & infrastructure • Proven basin for conventional plays • Liquids prone Jurassic source rocks • Sawpit-2 confirmed hydrocarbon generation potential • Deep unconventional wells + 2D & 3D seismic planned Strong fundamentals and valuabl
Slide 13: Conventional gas opportunity close to market
For personal use only • Agreements (1) for COE to farm-in to Vic/P41 and Vic/P68 - contain sizeable gas prospects • 19.9% interest in Bass Strait Oil Company (BAS) • BAS assets include 5 offshore Gippsland Basin permits - gas exploration potential along northern margin • Range of development and mar
Slide 14: Value add and company changer opportunities
For personal use only Sukananti KSO (COE 55%) • currently ~320 bopd (100% basis) • multiple low risk opportunities • existing available infrastructure • short pay-back periods Sumbagsel PSC (COE 100%) • shallow oil targets (1-5 MMbbls) • seismic 2013 & drilling 2014 • CSG potential • farm-out planne
Slide 15: Strategic exit - focussing core skills
For personal use only Many attractive features • 3 contiguous permits, 12,600 km2 – equivalent in size to the SA Cooper Basin • extensive prospects and leads, enhanced by Hammamet West-3 • undeveloped resources • nearby producing oil and gas fields • competitive fiscal terms Divestment plan • analys
Slide 16: Potential worth pursuing
For personal use only Hammamet West ST- 1 • 432 metre deviated well bore • Initial results highly encouraging but prevented from completing production test – strong oil and gas shows – presence of open hydrocarbon-bearing fractures confirmed – flowed to surface at average rate of 1,290 bpd over 1.5
Slide 17: The 2014 strategy
The 2014 For personal use only Australia oil: maintain and grow strong core business • ongoing Cooper Basin western flank production • low cost/high margin • exploration and development to support growth & value add Australia gas: build near term supply for existing and long term gas market opportun
Slide 18: Appendix contents
For personal use only • Hammamet West-3 Sidetrack 1 cross section • Exploration and development activities program • Reserves and resources • FY14 guidance
Slide 19: Hammamet West-3 Sidetrack-1 cross section
Hammamet West-3 Sidetrack-1 cross section For personal use only
Slide 20: Exploration and development activities, Q2 – Q4
Exploration and development activities, Q2 – Q4 For personal use only Location License Operator Dec Qtr Jan Qtr Jun Qtr 4 exploration wells 3 development wells PEL 92 Beach Energy 3D inversion 3D inversion Rincon 3D inversion Facilities expansion at Butlers, Cooper Basin Callawonga PEL 90, 100,110 S
Slide 21: Reserves and contingent resources
For personal use only Reserves Movement in proved & probable reserves MMbbl as at 30 June 2013 MMbbl 1P 2P 3P Cooper Basin 0.95 1.80 2.89 2.16 Indonesia 0.06 0.35 0.64 0.77 1.88 0.49 Total 1.02 2.16 3.53 Contingent Resources1 MMboe as at 30 June 2013 1C 2C 3C Cooper Basin 0.00 0.00 0.03 Tunisia (2)
Slide 22: FY14 guidance
FY14 guidance For personal use only Total Exploration Development Wells # 0.54 – Australia 0.52 0.49 0.58 • Cooper Basin 15 6 9 9 0.41 • Otway Basin 11 11 - 1-2 • Gippsland Basin 1 1 - - Indonesia 11 8 3 2-3 FY11 FY12 FY13 FY14f Tunisia) 12 12 - - Total 50 38 12 12-14 • FY14 production forecast to i
Slide 23: Notes
Notes COOPER S ENERGY Investor pack * 12 November 2013 * 23
Slide 24: For personal use only
For personal use only
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