Amplitude Energy Limited · ASX:AEL

Amplitude Energy — Cooper Energy — Investor Presentation (April 2013)

22 slides from Amplitude Energy's investor presentation, Apr 30, 2013

  1. Slide 1: Cooper Energy Limited Investor Pack

    For personal use only Cooper Energy Limited Investor Pack 30 April 2013

  2. 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 o

  3. Slide 3: Key features

    Key features For personal use only ASX 300 Exploration and  Market cap of $145 million (1) production company  Strong, stable register with ~ 67% institutional and corporate shareholders High margin production  Cooper Basin western flank oil production assets  Indonesia oil production Prospectiv

  4. Slide 4: Re-oriented to Australia – particularly Eastern Australia

    Re-oriented to Australia – particularly Eastern Australia For personal use only  Cooper Energy established 2002  Immediate success with Sellicks oil discovery in Western Flank of Cooper Basin 2003- 2011  Profitable production from Cooper Basin  International exploration focus including Romania,

  5. Slide 5: Company snapshot

    Company snapshot For personal use only COE Share Price Capital structure $ financial year to date 0.65 Share price $0.40 - $0.69 range,12 months to 30 April 2013 0.60 Shares on issue 329.0 mill 0.55 Market capitalisation $144.8 mill 0.50 44cts on 26 April 2013 0.45 Cash, term deposits & investments

  6. Slide 6: Our strategy and business

    Our strategy and business For personal use only Investor Pack Leveraging strengths for TSR 30 April 2013 6

  7. Slide 7: Australia focus dominates

    Australia focus dominates For personal use only Cooper Basin  Western flank oil  Gas potential Otway Basin  Conventional and unconventional – oil and gas plays Gippsland Basin  Gas resources Opportunities  Reviewing and screening  Grow foundation assets plus  1 or 2 game changers per year at

  8. Slide 8: Delivered the changes

    Delivered the changes March 2012 April 2013 One year ahead For personal use only Strategy  Focus on  Implementing as planned  Implementing – fundamentals – TSR – leverage strengths Activities  Monetise non-core  Exited Romania and Poland (6)  Australia growth  Grow core  Somerton/Otway acqui

  9. Slide 9: Cooper Basin (COE 19.16 – 30%)

    Cooper Basin (COE 19.16 – 30%) For personal use only  Discovered 5.4 mill bbls (net) to date*  Produced 3.6 mill bbls (net) to date*  Current oil production rate: – ~1,500 to 2,000 bopd (net)  Very high margins  Significant remaining potential  2012/13 activity: – up to 11 wells – 1,048 km2 3D

  10. Slide 10: Cooper Basin – PEL (COE 25%)

    Cooper Basin – PEL 92 (COE 25%) For personal use only  Production – record production in FY12 – new pipeline commenced Dec’ 2012 – production building over 2H FY13 – development drilling & facilities upgrades planned for 2013  Significant remaining potential – current EUR ~15 mill bbls (gross) – f

  11. Slide 11: Oil production - historical and 2012/13 forecast

    Oil production - historical and 2012/13 forecast For personal use only FY13 Production by quarter FY13 Production forecast and prior periods (average BOPD) (kbbls, financial year) 2,000 600 1,800 FY13 production 500 Full year 1,600 range: forecast: 1,400 460 – 500 kbbls 400 460 – 500 kbbls 1,200 YTD

  12. Slide 12: Otway Basin (COE – 65%)

    Otway Basin (COE 20 – 65%) For personal use only  Proven basin for conventional plays  Liquids prone Jurassic source rocks  Close to infrastructure  Close to oil and gas markets  COE strong regional position  Potential GIP 17-58 TCF – COE share ~27% Investor Pack Key ingredients in place 12 30

  13. Slide 13: Casterton Formation – unconventional oil and gas

    Casterton Formation – unconventional oil and gas For personal use only  Late Jurassic- early Cretaceous rift fill – lacustrine/fluvial rift fill sediments – shale with some sands, coals and tuffs – penetrated in 10 wells – deepest penetration ~2,500m  Key source rock for Penola Trough – gas, gas l

  14. Slide 14: Otway Basin - Sawpit-2

    Otway Basin - Sawpit-2 Casterton Formation Core For personal use only  56 metres of conventional core in Casterton and Sawpit shales  Core analysis to determine source rock potential and fracability – Total Organic Carbon (TOC) – maturity – mineralogy – rock strength Investor Pack 30 April 2013 14

  15. Slide 15: Gippsland Basin – a proven basin

    Gippsland Basin – a proven basin For personal use only  19.9% interest in Bass Strait Oil Company (BAS)  COE providing technical and commercial support  BAS assets include 5 offshore Gippsland Basin permits – Moby, Judith and Patricia gas discoveries  Sizeable gas prospects in Vic-P68 and Vic-P4

  16. Slide 16: Strategy implementation – international assets

    Strategy implementation – international assets For personal use only  How to unlock best value for Cooper Energy shareholders? – right investment market – ownership – management  Factors influencing include: – capital – risk – fit with core competencies  Pursue best return options Investor Pack P

  17. Slide 17: Tunisia (COE – 85%)

    Tunisia (COE 30 – 85%)  Hammamet West-3 underway (COE For personal use only 30%) – fractured carbonate play – very large structure – proven oil charge – adjacent field produces same reservoir – shallow water / near shore – competitive fiscal terms – COE carried up to $27 million gross cost – spudde

  18. Slide 18: Indonesia – increasing production and reserves

    Indonesia – increasing production and reserves For personal use only  South Sumatra Basin – prolific hydrocarbon province  Range of onshore opportunities to add value – exploration & development – shallow oil – deep gas – CSG – shale plays  Low technical risk  Competitive fiscal terms (gas & oil

  19. Slide 19: South Sumatra Basin

    South Sumatra Basin  Sukananti KSO (COE 55%) For personal use only – ex Pertamina fields ~50 bopd (gross) – currently ~200 bopd (gross) – work-over and drilling in 2013 – potential >1 mill bbls (net to COE) – contractor share 15% oil / 20% gas (after tax)  Sumbagsel PSC (COE 100%) – shallow oil ta

  20. Slide 20: Exploration program

    Exploration program For personal use only 2013 Location Licence Operator COE Equity Comments / Total Jun Qtr Sept Qtr Dec Qtr 6 well program started March, Caseolus 3D PEL 92 Beach 25% started February. Further drilling likely later in 2013. Cooper Basin PEL 90, 100, Senex 19.2 - 25% Dundinna 3D sta

  21. Slide 21: Summary

    Summary Made the changes For personal use only • head office moved, Chairman succession implemented, new team in place • increased focus on Eastern Australia oil and gas & added good assets • non-core assets – exit or maximising value and monetising for best TSR Solid production and reserves, with

  22. Slide 22: Further information

    Further information For personal use only David Maxwell Managing Director davidm@cooperenergy.com.au Don Murchland Investor Relations donm@cooperenergy.com.au + 61 439 300 932 www.cooperenergy.com.au Cooper Energy Limited Level 10 60 Waymouth St Investor Pack Adelaide 5000 30 April 2013 Tel: + 61 8

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