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COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd.

Aurora Oil & Gas Ltd. · Feb 20, 2013 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 1
    Aurora Oil & Gas Limited EnerComs The Oil and Services Conference 11 February 19-21, 2013 San Francisco, California
  2. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 2
    Key Highlights 1 Pure Eagle Ford Shale producer 2 Rapid production and reserve growth 3 Oil and condensate focused 4 Strong management team and experienced partner 5 Significant asset value with potential for accretive A&D and…
  3. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 3
    Overview of Aurora Oil & Gas 2012 Quarterly Production Growth Perth, Australia headquartered E&P company CEO, COO and most operational staff based in Houston, Texas Founded in 2005 - listed on both the ASX and TSX (now in the ASX…
  4. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 4
    Premier Position in Eagle Ford Volatile Oil & Condensate Windows Low risk, repeatable and scalable Aurora Oil & Gas (1) ConocoPhillips Marathon Oil Eagle Ford inventory EOG Resources Murphy Oil 789(2) gross proved wells on…
  5. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 5
    2012 Quarterly Production Growth 20,000 2012 Exit Rate: 18,800 boe/d gross 18,000 13,850 boe/d net Barrels of Oil Equivalent per day (boe/d) 16,000 14,000 2012 Avg. Rate: 12,000 10,700 boe/d gross 7,850 boe/d net 10,000…
  6. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 6
    Oil and Condensate Driven Capital Program Sugarkane Field (1) (1) Beyond 2013 Capital Beyond 2013 2012 Current capital focused on Broad, low risk, scalable infill development focusing on oil and Eagle Ford development condensate…
  7. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 7
    2012 Operational Summary 4th Quarter Operational Activity 31 gross wells spudded: 6 Excelsior, 1 Ipanema, 13 Longhorn, 11 Sugarloaf 47 gross (10.5 net) wells commenced production: 14 Excelsior, 1 Ipanema, 17 Longhorn, 15 Sugarloaf…
  8. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 8
    Aurora Gross Producing Wells 2010 - 2012 6.0 60.0 92.5 57.5 www.auroraoag.com.au TSX: AEF ASX: AUT 11
  9. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 9
    Accessible routes to market via existing infrastructure Centralized processing facilities nine operational across the field Scalable capacity for future production profile Large 3rd party gas and oil lines presently under construction…
  10. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 10
    Pilot Program status activity as at end of Q4 2012 Additional activities include: Production logging Micro seismic Tracer monitoring Well orientation www.auroraoag.com.au TSX: AEF ASX: AUT 13
  11. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 11
    Reserves Net Proved Reserves at Year-End 2012 Type Oil Condensate NGLs Nat Gas MMBOE (mmbbl) (mmbbl) (mmbbl) (mmcfe) Proved Developed 5.7 3.5 3.0 22.3 15.9 Proved Undeveloped 17.4 11.9 10.7 83.3 54.0 Total Proved Reserves 23.1…
  12. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 12
    Eagle Ford Infill Opportunities(1) Well Spacing 80 660 between wells acre 10,000 12,000 vertical 60 acre 500 between wells 175 EAGLE FORD 40 330 between wells acre (1) For demonstration 330 500 40 ac purposes only.…
  13. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 13
    Austin Chalk Horizontal Potential(1) Well Spacing 80 660 between wells 9,650 11,650 vertical acre 160 AUSTIN CHALK 60 acre 500 between wells 175 EAGLE FORD 40 330 between wells acre (1) For demonstration 330 500 40 ac…
  14. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 14
    Marathon: Experienced partner committed to development The Eagle Ford is the top basin we have in the world todaywe love the geology. Q4 11 Marathon Oil Conference Call We are indeed in some of the best real estate in North America, if…
  15. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 15
    Unsaved Document / 15/08/2011 / 15:28 Financial overview 18
  16. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 16
    Framework for Growth Net Earnings Revenue (mm) After Tax (mm) 85.5 + 45% CQGR +52% CQGR 16.0 54.3 7% Residue Gas 10.3 39.5 8.7 38% NGLs and Natural Gas 27.8 4.5 Q4'11 Q1'12 Q2'12 Q3'12 Q4'11 Q1'12 Q2'12 Q3'12 Note:…
  17. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 17
    Quarterly Financial Summary Selected Financial Data Revenue (1) EBITDAX (2) (US in thousands) (US in thousands) 85,483 49,916 57,493 31,639 39,567 21,378 27,932 23,187 13,241 13,948 17,570 9,292 7,280 3,009 Q1 Q2 Q3 Q4 Q1…
  18. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 18
    Financial Liquidity September 30, 2012 mm Cash on hand 143 Trade and other receivables 73 Trade and other payables (193) Pro-forma working capital 23 Undrawn balance - Revolving credit line facility (RBL) 150 Financial Liquidity…
  19. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 19
    Hedging Profile Total Swaps Zero Cost Collars Volume Hedged WTI (1) LLS (2) WTI (1) bbl/d Oil Hedge Gross Oil Hedge Gross Oil Floor Cap Gross hedged price value hedged price value hedged price price value (mbbls) /bbl mm…
  20. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 20
    Key Highlights 1 Pure Eagle Ford Shale producer 2 Rapid production and reserve growth 3 Oil and condensate focused 4 Strong management team and experienced partner 5 Significant asset value with potential for accretive A&D and…
  21. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 21
    Unsaved Document / 15/08/2011 / 15:28 Appendix 24
  22. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 22
    Corporate Summary Key Facts as at December 31, 2012 millions Fully paid ordinary shares 448 Options on issue (varied prices) 6.3 Executive Performance Rights (1) 2.2 Fully diluted capital 456 Cash Balance 68 Senior Unsecured Notes…
  23. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 23
    2012 Summary Development accelerates Spudded 160 new gross wells at the Sugarkane field during 2012 148 new gross wells producing (plus 2 farmout wells completed payout) giving a total increase of 38.5 net producing wells.…
  24. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 24
    2012 Summary (continued) Financial performance to Q3 2012: Q1 Q3 Increase from Q3 Increase (9 mos) corresponding mm from Q2 mm period Revenue 85 50% 182 280% EBITDAX (1) 50 60% 103 300% NPAT (1) 16 60% 35 35% Acreage 90% held…
  25. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 25
    2012 Full Year Performance Production Range Guidance Previously Provided(1) Annual production (mmboe) of 3.9 gross / 2.9 net vs. guidance of 3.7 4.1 gross/ 2.8 3.0 net December production (boe/d) 18,800 vs. est. 17,300 19,100 gross,…
  26. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 26
    2012 Monthly Production Growth 2012 Avg. Rate: 2012 Exit Rate: 10,678 boe/d gross 18,800 boe/d gross 7,865 boe/d net 13,850 boe/d net www.auroraoag.com.au TSX: AEF ASX: AUT 29
  27. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 27
    Drilling is focused in the condensate and volatile oil windows AMI WI Gross Acres Net Acres Sugarloaf 28.1% 24,300 6,700 Longhorn 31.9% 28,100 9,000 Ipanema 36.4% 4,500 1,600 Excelsior 9.1% 20,200 1,800 Total* 77,000 19,100…
  28. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 28
    Pad drilling seeking to generate further efficiencies Majority of drilling now from pad drilling where multiple wells are drilled from the same surface location. Opportunities for reduced capex (per lateral length) and opex via…
  29. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 29
    Well testing pilot program Pilot program has commenced in multiple areas across the Sugarkane Field to capture different hydrocarbon windows and ensure consistency in results. Pilot program presently consists of 20 horizontal wells.…
  30. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 30
    Strong management team Board of Directors Executive Chairman Jon Stewart Years in industry: 20+ Finance Director Technical Director Non-Exec Director Non-Exec Director Non-Exec Director Non-Exec Director Graham Dowland Ian Lusted…
  31. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 31
    Financial Summary Selected financial data Selected financial data Qtr Qtr Qtr Qtr 12 Months to (US in thousands) Dec-11 Mar-12 Jun-12 Sep-12 Sep-12 PRODUCTION: Total net production (boe) - pre-royalty 391,645 438,726 761,124…
  32. COMPANY PRESENTATION MATERIAL – Aurora Oil & Gas Ltd. – slide 32
    EBITDA/EBITDAX Reconciliation(1) Nine months ended Three months ended Sep-12 Sep-12 Jun-12 Mar-12 Dec-11 US'000 US'000 US'000 US'000 US'000 Net earnings after tax 35,048 16,013 10,330 8,705 4,533 Adjustments: Share based payments…

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