Beach Energy Limited · ASX:BPT

Beach Energy — Beach Petroleum — Good Oil Conference WA (September 2005)

32 slides from Beach Energy's conference presentation, Sep 8, 2005

  1. Slide 1: Beach Petroleum

    Beach Petroleum

  2. Slide 2: Key Events

    _ - Oil Production - 4 4 mmb . + Cashflow = $41 million + EBIT $ 27 million. . - Onshore oil Reserves - -5 mmb / . + Acquisition of 8.7 mmb of 2p oil _ reserves in Gippsland Basin © _KeyEvents i. ii

  3. Slide 3: Status at September 2005 (compared with Sept '01)

  4. Slide 4: Annual Production

    / Million . - Barrels of 12 = Gippsland _ | _ _ Otway _ |m South Austr a Queensland Financial Year

  5. Slide 5: Drilling Activity

    Les | . _ Drilling Activity Number [ —— of Wells 16 _— 51 Wells _ | FF 43% success rate 2000/01 2001/02 2002103 - 2003/04 2004/05 Financ Year.

  6. Slide 6: Reserves added through Exploration and Acquisition

    Reserves added through Beach Exploration and Acquisition ee Petroleum > a a S oo 2 2 ie) tan @ > 2) o ® See o. a incense ul 2 a) S & = Beach Reserves B Gippsland Acquisition (12.5%) © Gippsland Acquisition (25%) O Appraisal O Exploration Bodalla Acquisition @ Base at June 01

  7. Slide 7: Annual Production

  8. Slide 8: Record Operating Cashflow

    2 4 a “Record d Operating ¢ Cashflow S 5 San Boom Lecwelll 99/00 00/01 01/02 02/03 03/04 «(04/05 Financial vor

  9. Slide 9: +. — os 99/00 00/01 01)

    +. — os 99/00 00/01 01)

  10. Slide 10: Share Price / Market Cap

    = 2 Ab, ] a leacaad 2 2S a G G = 5 = . $ = £ Beach | me Petroleum 400 390 300 250 200 180 4100 50 Gm Market Cap ($ million) — Share Price ($) Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 Dec-04 Jun-05 Sep-05 0.900 0.800 0.700 0.600 0.500 0.400 | 0.300 0.200 0,100 0.000 Share Price Ss) Share Pric

  11. Slide 11: Market Capitalisation and Capital Raisings

    4 Peden _ ‘Market Capitalisation — 500 Aug ‘05 Capital Raising -- $ 77 million / / SS © Dec ‘03 Capital Raising -- $ 32 million 400 a : - O Dec ‘01 Capital Raising -- $15 million - @ Base 300 ~ 3s E a 200 ~ 100 ~ a 2002 2003 2004 2005 Sept'05 —

  12. Slide 12: Bodalla Block Purchase

    - Bodalla Block Purchase + October / December 2001 _ _ + 78% share in Bodalla Block _ purchased for “S17 price ee m mb @ $8 oT

  13. Slide 13: Bodalla Block Purchase

    Beach oot Petroleum Bodalla Block Purchase (= Production (mmb) as ~ apis (A$/bbl} amma Revenue ($million) 2 oo S Bos) Oil Price! Revenue a — = e 2 = a3 5 3 2 0. ac 3 8 3 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005! Year

  14. Slide 14: Kenmore Field

    & Beach Kenmore Field am Pctroleum ae * 2500 | nn) i Nh NNN iy ANID, My o Hit ‘coo aii — >» i Ding C—O a a a _ _ 0 aa | = _ Oct-01 Oct02 Oct-03 ‘Oct-04 Oct-05. Oct-06 Oct-07 ‘Oct-08 ‘Oct-08 Oct-10. Oct-14 Oct-12 Oct-13 YEAR

  15. Slide 15: Bodalla Block Purchase

  16. Slide 16: Bodalla Block Cost Structure

    Beach want Petroleum Bodalla Block Cost Structure A$25/bbI A$50/bbI A$85/bbl OPEX< ($/bbl) 4.85 5.50 5.50 Transportation ($/bbl) Royalty ($/bbl) 1.50 4.00 7.50 700——i“‘iws‘CCO 7.00 Total ($/bbl) 11.665 16.90 18.50 Netback ($/bbl) 13.35 33.50 65.00

  17. Slide 17: Bodalla Block Purchase

  18. Slide 18: What's next?

    $s Petroleum: _ + Oil Production “1 5 mmb 2 Development. of Basker & ‘Manta oil rice (Gipesiand) _ - Fudher appre) of Bodalla _ i _ Block, Christies & Seliicks ol a fields 2 eee com What’s next?

  19. Slide 19: Basker-Manta-Gummy Project

    Gh beach em, Petroleum a E PERMITLOCATION MAP Basker-Manta- Gummy Project Discovered 1983 Oil Reserves - 10.1 mmb (Proved) - 23.4 mmb (Proved and Probable) 2P Gas Contingent Gas Resource -- 94 BCF Beach 37.5% (8.7 mmb @ A$13.80/bbi for 2P Developed Reserves) Full Field Production due to commence in

  20. Slide 20: Basker-Manta Oil Development Project

    Basker-Manta Oil Development Project viciPas——

  21. Slide 21: Beach Share of Targeted Oil Production, Basker-Manta

    Swicrrt2 VIGIPSS sk VICIRL9 VICIRL6— BEACH Z| PETROLEUM | 8 Beach Share. of Targeted C Oil Production _ Basker-Manta Project _ - _. _ (Million barrels) _ | 2005/06 | 2006/07 | 2007/08 | 2 || Proved | ape “Proved and ° | Brobapie. — Co | Net | Revenue @ | ~$15 million _~$140 million. ~$75 million | |

  22. Slide 22: 2005 Drilling Program - wells

    atl ee 2005 Drilling Program -- 24 wells BEACH PETROLEUM 2005 / 06 DRILLING PROGRAM DEC JAN FEB MAR EROMANGA COOPER / : i i fet GIPPSLAND Basker-2 Extended Production Test

  23. Slide 23: Cooper/Eromanga Basin

  24. Slide 24: Kiana-1 Oil Discovery

    Bak on Brexch __ Kiana-1 Oil Discovery (Beach 40%) | wi: ii TYRINGA-1)

  25. Slide 25: Christies Field

    BN S\umn Christies Field a a CHRISTIES FIELD « 18 m vertical relief * GRV ~18% of Kenmore

  26. Slide 26: Reserves Growth

    Reserves Growth Beach em, Petroleum vi a [a =) Wi 3 o -_ c £ s G Ww ! 3 2 ix 2 oO = c Gi x so-uer eo-uer bo-uer 66-uer 26-uer g6-uer e6-uer be-inr 6g-Aew 2g-uer ggudy seine HUp-ald

  27. Slide 27: Christies Field

    Christies Field top Reservoir Structure A ZEN aan; (-1609 mss} AL PSS oy Volumetric Well Performance 18% of Kenmore UNIVEIIBAL TRANS VENOE MEXLCATON POSTION: 6.3 O.1.8.880 9PHEROID CY. aaa Contour Increment = 2m yes oS 9 ran z = Sa SS SE A EG ces PUT EE er es i: Nt i

  28. Slide 28: Western Cooper Basin Margin

    Western Cooper Basin Margin eave Patchawarrajf, _, trough PERMIT _ LOCATION MAP CONIA

  29. Slide 29: Carnarvon Basin - Hurricane-2

    — Carnarvon Basin .... Hurricane-2 Beach :

  30. Slide 30: Offshore Otway Basin

    Offshore Otway Basin PERMIT LOCATION MAP OTWAY BASIN Hoshan a PER 160 oo i i 3 P46 17.5%

  31. Slide 31: In Summary

  32. Slide 32: Annual Production

Beach Petroleum — Good Oil Conference WA (September 2005) on 6ix