Beach Energy Limited · ASX:BPT
Beach Energy — Beach Petroleum — ABN AMRO Meeting of Minds (June 2007)
36 slides from Beach Energy's conference presentation, Jun 5, 2007
Slide 1: Beach Petroleum Limited
— — aS < Beach Petroleum Limited Reg Nelson — Managing Director Hector Gardon — Chief Operating Officer 5 June 2007
Slide 2: Investment highlights
Revenue trom 3 key producing assets Reserves to prodiiction life of 10 years LALA Potential for oil production increases through COP TSS High quality Australian eastern coast portfolio Cas Well placed to expand by exploration & acquisitions Strong, proven value adding management professional workfor
Slide 3: Shareholder Return
Shareholder Return Issued Goares & Options 264.0 million ordinary shares € 2 g 2 g 3 3 2 2 s & 2 g 8 & 8.1 million ermployee options EX$1.406 | n @ $1.30/sh
Slide 4: Historical Growth: 2002 to 2006
SS _ Historical Growth: 2002 to 2006 — _ = WSS — Production @ BMG @ Onshore Note: Production estimate for FYO? 04 (+ 10 mimboe) is FYO2 FYO3 FYG4 FYOS FYO6. approx. 6.5 times Greater than FYO6 oe — c
Slide 5: Our expansion as an energy company
o — Lh. 3) & dur xpansion an energy company
Slide 6: Reserves -- June 2006
| Reserves -- 30 June 2006
Slide 7: Liquids / Gas
Ou Liquids | MGeas
Slide 8: Reserves & Upside Potential
Reserves & Upside Potential BPT BOK B AWE BRO0 ACA G HOR ELAED GM 8 TAP ELAM BARC
Slide 9: Production Profile
Lo = Fel Fe eo sor nee oor Production Profile SSR
Slide 10: Development Projects
= WSS — aS ~ ment Projects: Queensland Coal Seam Gas Cooper Oil, Gas & Gas Liquids BMG (offshore Gippsland) Oil & Gas
Slide 11: 2P Developed & Contracted 3P Potential
2P Developed & Contracted 3P Potential
Slide 12: Tipton West Coal Seam Gas
. | Tipton West Coal Seam Gas Yi TIPTON West : GAS FIELD FATE 6B3F° i} ‘SURAT BASIN: Gabby Blick
Slide 13: Brisbane planned '08 expansion
Eyonien, Brisbane. Planned '08 expansion.
Slide 14: Cooper-Eromanga Projects
Cooper-Eromanga Projects Bodalla Block CB JVs Beach ~21% |
Slide 15: Cooper-Eromanga Basin: Strong Profitability
Cooper-Eromanga Basin: | Strong Profitability Production for the first half year ‘07 was 0.8 mmbbl (approx. 0% Beach-operated) Average netback of @ Netback AUDS3.73/bb! at oll ORoyattie: valties f AUDBG. 1 price orn 86.90/ bb m Production Cosis Chart shows nethack per barrel sensitivity for various
Slide 16: Permit Location
COO __ = MO i PERMIT LOCATION EOOPERTOMANGA BASIN. SOUTH AUSTRALIA J QUEENSLAND NEW SOUTH WALES
Slide 17: Permit Location
‘ERAT LOCATION. Do DNAIE ONY a. Oo o sod O o Cooper Oil Proj
Slide 18: Cooper Oil Program
‘cporen on procnam Is fm] eo N fw &£ “ & 2 ad 0 2 oO few a. Ou o] oO
Slide 19: COP Netback Sensitivity Analysis
COP NETBACK SENSITIVITY ANALYSIS SOP econo ics on a full cycle basis are robust with prevailing 01! prices ... @ Netback O Finding/Development casts O Royalties AUDIbbI m@ Production Costs 7a Oil Price {AUDIbbi} 7 In@udes Delhi royalties
Slide 20: Basker-Manta-Gummy (BMG)
Basker-Manta-Gummy (BMG) Beach 50% | Significant increase in reserve estimates following development drilling: LD : 1 Oil 2P reserves nearly double original estimate Gas-condensate resource nearly quadrupled Estimated field life nearly trebled to 17 years Oil Reserves (gross)
Slide 21: BMG: Increase in Reserves
BMG: Increase in Reserves Implications are more oil & much more gas-condensate than expected Wells drilled to date tend to be nearer the crest of the field than intended Oil-water contact inferred prior to drilling of Basker wells 3 to 5
Slide 22: Basker
— “cg Bashec3 (Oss Me
Slide 23: BMG: Current Status
BMG: Current Status Producing from Manta-2A, Basker 2, 3 & 5 (~15,000 bopd) Gas being injected into Basker-4 (~35 mmecfd) Cumulative Production >2 mmb (including EPT) — 100% Cumulative Revenue $160 million (sales 1.8 mmb) -100%
Slide 24: BMG: Further Oil Development
'BMG: Further Oil Development Up to 3 further Basker Wells _ addressing ~i5mmb of undeveloped 2P reserves ® Drilling ..... Basker-6 Late 2007 (remainder mid 2008) m™ Online early 2008 ™ Gas development program will help maximise oil production ™ Conditional Gas Sales Agreement with Alinta for Tasman
Slide 25: — Ly
— Ly
Slide 26: 3D Seismic
3D Seismic h Reward Exploration CC -_ a ESSE . MESES — |
Slide 27: Present Drilling Targets FY07-08
Present Drilling Targets FY07-08 Carnarvon lore Otway barrels of condensate _Paralana Proje 4 _ Demonstrate commercial Drill FyO? (South Australia | botrockenergyresource :
Slide 28: Hurricane
-1 icane Hurr icane Hurr o r & a 6 rs < ° ra G < he S Oo o iw ) £ 5 —_ — ee OO
Slide 29: Permit Location Map: Otway Basin
PERMIT LOCATION MAP: OTWAY BASIN ee 60. a
Slide 30: Canterbury Basin
CANTEBURY BASIN PEP 28259 PROSPECT LOCATION MAP AOU TH PS LAND eg
Slide 31: Aen:
i. es Aen: Leone Bole ema Perpent (e008 apie iis: Le WULCAN © Good prospectivity for large traps close to Brecknoc<, Scott Reef and Brewster discoveries
Slide 32: Geothermal Exploration
= Geothermal Exploration = WSS Eutetenne
Slide 33: Paralana 1B
Paralana 1B Lo loa Tertiary - Mesozoic: Phase 1. Phase-3 Production Weill Benagerie Ridge} _ TAG Basemen’ Mount Painter 7 TAG Basement
Slide 34: — Ly
— Ly
Slide 35: Sinslend ele CS
at Sinslend ele CS sf i os antarh Potential
Slide 36: Important Notice & Disclaimer
Important Notice & Disclaimer Beach Petroleum has arepared this presentation based on information avallable to i fairness, accuracy, completeness or correctness of the information, opinions and « Jo the maxim) Girectors, empl negligence) on part of a then o1 ie camage arising from the use of, o1 rel
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