Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Shareholder Meeting (November 2003)
24 slides from Amplitude Energy's shareholder meeting presentation, Nov 28, 2003
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING Friday 28 November, 2003 Tony Wright DIRECTOR OF OPERATIONS
Slide 2: Introduction
Introduction ¾ COE Model ¾ Proven province ¾ Onshore ¾ Under explored ¾ Selective acreage ¾ Existing infrastructure
Slide 3: Infrastructure: Oil & Gas hub
Infrastructure: Oil & Gas hub ¾ Established pipeline access to eastern and southern seaboard Cooper Basin markets ¾ Infrastructure provides basis for early cash flow from discoveries
Slide 4: Tenement interests and infrastructure
Cooper Cooper Basin Basin Tenement interests and Kiwi-1 Gas Discovery infrastructure
Slide 5: This time last year
This time last year ¾ Partners ¾ Prospects ¾ Percentages ¾ Production
Slide 6: PEL 92 oil fairway
PEL 92 oil fairway SELLICKS SELLICKS 11 Carrickalinga 1 CHRISTIES CHRISTIES 11 Brighton1 Moana 1
Slide 7: Sellicks PPL 204 Development
Sellicks PPL 204 Development ¾ Production from top 5 metre sand since Dec 2002 ¾ 139,125 bbls to 31 October 2003 ¾ Reserves P5O 1.1M bbls ¾ Bottom zone re-completion, free flow, jet pump November 2003 ¾ Pipeline/loading facility - to Tantanna
Slide 8: 2003 drilling program
Cooper Cooper Basin Basin 2003 drilling program Eucalyptus Eucalyptus 11 Semaphore Semaphore 11 Kiwi Kiwi 11 (gas (gas discovery) discovery) Christies Christies 11 (oil (oil discovery discovery Brighton Brighton 11 Worrior Worrior 11 (oil (oil discovery discovery
Slide 9: Christies - PEL 92 Discovery
Christies - PEL 92 Discovery ¾ Spudded 23 June 2003, 11 km SW of Sellicks ¾ Completed 14 July 2003 ¾ 250-500 bopd production ¾ Estimate 0.8M bbls mean recoverable ¾ Development to raise production to over 1000 bopd
Slide 10: Christies completion – pre pump
Christies completion – pre pump
Slide 11: No bigger in Australia!
NO Digger in Australia? Energy NL
Slide 12: PEL 92 Christies area
Cooper Cooper Basin Basin PEL 92 Christies area
Slide 13: Vibroseis truck
Vibroseis truck
Slide 14: Energy NL
Energy NL
Slide 15: Vibrator in action
Vibrator in action
Slide 16: PEL 93: Karbine/Worrior
PEL PEL 93: 93: Karbine/Worrior Karbine/Worrior –– 30% 30% interest interest Potential oil in place: Karbine - 5 million barrels (Dry) Worrior - 3 million barrels (Namur, Birkhead, Hutton Worrior Oil Well Oil) Pando 1 - drilled in 1966 – Karbine Dry Well drilling practices suspect
Slide 17: Find the oil zones?
Find Find the the oil oil zones? zones? Birkhead Fm Top Hutton Fm
Slide 18: DST #2 and DST #3 results
DST #2 1553-69m 400 b/d oil 1600 b/d water DST #3 1579-85m 2880 b/d oil
Slide 19: Worrior 1 – DST #3
Worrior 1 – DST #3
Slide 20: Worrior-1 - Completion
WORKIOR-7 - COMPLEMON Energy NL
Slide 21: Worrior 1 (COE 30%)
Worrior 1 (COE 30%) ¾ Discovered oil in 3 zones and gas (and probable oil) in a 4th zone ¾ Total of 35.5 metres of net pay ¾ Production commenced 27 November 2003 ¾ Net production, COE share, initially 360 BOPD ¾ Pipeline planned for installation during 2004
Slide 22: 2004 Drilling Program
1 ! 1 139° QUEENSLAND 140° 141 SOUTH AUSTRALIA £004 Drilling Program bs | Cooper Energy interests Production Licences PEL 100 (33.33%) - 27° —— Gas pipeline —— Oil pipeline Christies / Sellicks oil discoveries Worrior 2003 oil discovery GeoTech Graphics 580-2967 Liquids to Port Bonyt
Slide 23: Summary
SUMMARY ¾ Pure Cooper Basin focus, ‘Brownfields’ oil and gas explorer - established infrastructure and market access - 1 gas & 3 oil discoveries from 8 wells drilled ¾ Excellent spread of drilling and acreage - 6 blocks, net 1 million acres (participating in 3m acres) - 25% to 40% contingent interes
Slide 24: Conclusion
CONCLUSION ¾ COE listed in March 2002 ¾ First discovery in July 2002 ¾ 1st production by December 2002 ¾ 2nd discovery in July 2003 & 3rd discovery in Sept 2003 ¾ Emerging net cash flow of $4M-$5M ¾ Net COE production to rise to 700 BOPD by Xmas 03 ¾ Reserves estimated 1.4 M barrels