Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Investor Presentation (June 2013)
20 slides from Amplitude Energy's investor presentation, Jun 21, 2013
Slide 1: Cooper Energy Limited Investor Pack
For personal use only Cooper Energy Limited Investor Pack 20 June 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 o
Slide 3: Key features
Key features For personal use only ASX 300 Exploration and Market cap of $142 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
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,
Slide 5: Company snapshot
Company snapshot For personal use only COE Share Price Capital structure $ financial year to date 0.65 Share price $0.355 - $0.635 range,12 months to 19 June 2013 0.60 Shares on issue 329.0 mill 0.55 Market capitalisation $141.5 mill 0.50 43cts on 19 June 2013 0.45 Cash, term deposits & investments
Slide 6: Our strategy and business
Our strategy and business For personal use only Investor Pack Leveraging strengths for TSR 20 June 2013 6
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
Slide 8: 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: – 11 wells in total – 1,048 km2
Slide 9: 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 Significant remaining potential – current EUR ~15 mill bbls (gross) – further growth from exploration and existing fields – gas poten
Slide 10: 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
Slide 11: 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 11 20
Slide 12: 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
Slide 13: Otway Basin – Casterton shale
Otway Basin – Casterton shale Casterton Formation Core For personal use only 56 metres of core in Casterton and Sawpit shales from Sawpit-2 Core analysis conducted to determine source rock potential and fracability Results to date confirm potential of deep Casterton shales Expect to assess f
Slide 14: 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
Slide 15: 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
Slide 16: Tunisia
Tunisia For personal use only Divestment post Hammamet West-3 announced – greater value for Africa focused player – Cooper Energy leveraging strengths Many attractive features – 3 contiguous permits, 12,600 km2 – extensive prospects and leads – undeveloped resource – adjacent to producing oil an
Slide 17: Hammamet West-3 (COE 30%)
Hammamet West-3 (COE 30%) For personal use only Hammamet West-3 currently drilling – fractured carbonate – very large structure – proven oil charge – adjacent field produces same reservoir – primary objectives to test oil productivity from horizontal wellbore – shallow water / near shore Approachi
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
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) – Tangai workover success expected to add production – sustained production test yet to be completed – contractor share 15% oil / 20% gas (after tax) Sumbagsel P
Slide 20: 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