Beach Energy Limited · ASX:BPT
Beach Energy — Beach Petroleum — Good Oil Conference 2004
33 slides from Beach Energy's conference presentation, Sep 1, 2004
Slide 1: The Cooper ... and Beyond
Slide 2: Funding the Exploration, Supply Chain, Support & Logistics
& Funding the Exploration eThe Supply Chain Cooper Base Camp wr Support & Logistics
Slide 3: Production (boepd)
W boepd
Slide 4: Operating Cashflow, Revenue and Net Profit
Operating Cashflow! Total Revenue 1999/00 2000/01 2001/02 2002/03 2003/04 Net Profit After Tax
Slide 5: uoll ¢
uoll ¢
Slide 6: 50% of forecast FY04/05 production hedged
50% of forecast FY04/05 production hedged at AUD54,.95/bbl Compares with FY03/04 average price received of AUD46,50/bb1 : edged Position PYOR04 50% nedge
Slide 7: Oil Price History
Oil Price History 1997.peak .. 2002.peak 4*trag War - aq iva & trough... & trough 2” frag War. “Kernel regression:.-mean and-SD trend. Source CS First Boston Aug 2004 T Apr-O1 Apres © Ap AprOd
Slide 8: API Crude Stocks vs Oil Price
AP Crude Stocks vs Oil 34000, ——API Crude Stocks, : detrended & inverted 728000.) WTI Crude Price “18000 10000 -2000 Fad 6000 14000 x oO x y 3 Ed a Land a < 22000 30000 Source CS First Bosion Aug 2004. Janet dane93. 0° Jan98 0 Jang? Jan-890 0 Jan-01 > Jan-03
Slide 9: Better technology to unlock new reserves
u, Better technology to unlock new reserves —_ «Better structural definition with 3D seismic -. aBetter drilling & completion techniques Better cost control & value adding
Slide 10: : canoe co ; ae
: 2 canoe co ; ae
Slide 11: The Cooper-Eromanga Region
The Cooper-Eromanga Regi 1 Gass | Bonen so pvaney i y L / | |
Slide 12: Support and Logistics
| Support and Logistics _ ee
Slide 13: Bodalla Oilfields (100% Beach)
Bodalla Oilfields (100% Beach) > Since acquisition (July 2002) increase of 56% in remaining reserves as at time of purchase from 2.5 to 3.9 million barrels (we've produced 1.4 mmbbi, but still have reserves equivalent to what was purchased) costs down by 7%
Slide 14: Production, Royalty & Transport Costs per barrel
Production, Royalty & Transport Costs per barrel Typ cal Cooper/Eromiaiga casi ange Velure Held o em cv & a dew co te a
Slide 15: Kenmore Field 3D Seismic Impact
Kenmore Field 3D Seismic Impact Kenmare F iit Kenmare Freie Post-3D
Slide 16: Scouting the Terrain
un Scouting the Terrain
Slide 17: Numerous low risk 1-2 mmbbl targets
m Numerous low risk 1-2 mmbbi targets m Reasonable probability for 5-10 mmbbl targets .— or better — but risks are higher m Since April 2001, Beach has been involved in 6 new: field. discoveries: Acrasia, Sellicks,-CHristies, ~ Aldinga: Re Sprigg West: & Harpoono ~ PLUS in ¥ 2 an, extensi of kenmore
Slide 18: Beach is targeting the Cooper flanks in SA
Beach is targeting the Cooper flanks in SA have produced fields such as Kenmore, Bodalla South, Tintaburra, etc Nodel for oil entrapment well understood in SA. the western.& southern flanks are barely explored fim is to identify migra jon ain
Slide 19: SA Flanks are Unexplored
SA Flanks are Unexplored
Slide 20: Southern Cooper Prospectivity
southern Cooper Prospectivity Very little previous exploration Aldinga, Henley and Maslins oil recoveries have indicated oil migration has occurred, » Large structures — pathway © Main unknow# is snig
Slide 21: Harpoono-1 and surrounding wells
Harpoono-1 (C&S 190 bopd on DST) Myponga-1 (P&A — minor oil shows) Noarlunga-1 (P&A— no shows) a Saintly-1 (P&A -good oil shows) Almonta- (potential of . uptes million bbl)
Slide 22: Following the Leads
5 Following the Leads
Slide 23: Sellicks, Christies, Silver Sands
Sellicks-2% Christies-2 Christies-3* Silver Sands-1*_
Slide 24: The Murteree Horst
‘The Murteree Horst: 7.5 mmbbi to date ee 7] Oil recovery from Moric Momber | Le i 2 : Le Le 7 ae
Slide 25: Dunnoon Horst: Namur Sandstone
Dunnoon Horst: Namur Sandstone
Slide 26: Coolum-1 (Beach 94%)
Coolum-1 (Beach 94%) Ideally placed on migration fairways updip from Kenmore & Black Stump fields Recently defined by new seismic Previous & existi production, furt Gore nsiang:
Slide 27: Offshore Carnarvon - WA; Onshore Otway - SA
c Offshore Carnarvon - - WA. o Onshore Otway - SA
Slide 28: ~
~
Slide 29: SA Onshore Otway Basin
SA Onshore Otway Basin 1m E SOUTH AUSTRALIAN OTWAY BASIN - TECTONIC ELEME! Ongin “YAN AWINEA “"BAULT. ~ et AR
Slide 30: ion
ion ued a) O 2) oul = ie Cowr Killanoola 1998
Slide 31: Otway and Cooper Expansion
© = 2) fon a Ge O 7) 2 Otway Dr ion 3 e Cooper Expans
Slide 32: Offshore Carnarvon Basin WA
Offshore Carnarvon Basin WA Corowa East-1 (Beach 16.7%) follow up to Corowa-1 discovery; Santos Operator Corowa-1 flowed 4500 barreis of ol] per day on test (2061) from 12 metre column Close to Thevenard Isiand facilities
Slide 33: 2004 Indicative Drilling Program
2004 Indicative Dri Program