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AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited

Awe Limited · Aug 31, 2007 · 50 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. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 1
    www.awexp.com.au Australian Worldwide Exploration August/September 2007
  2. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 2
    overview financial summary cornerstone projects a year of delivery future outlook
  3. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 3
    Overview
  4. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 4
    Overview of AWE ASX200 E&P operating company market cap. = A1,410m ( 3.15 per share) reserves = 56 mmboe (2P) strong financial position 4 cornerstone projects in production captured growth potential exploration :- NZ, Indonesia and…
  5. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 5
    Clear capital structure ordinary shares 448.4 m staff options 15.4 m share register 40+ institutional investors (63%) retail investors (32%) board and management (5%) turnover averages approx. 2-3 million shares/day approx 17,000…
  6. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 6
    Experienced management team Bruce Wood Managing Director (32 years experience) Leigh Brooks Exploration Manager (33 years) Rick Frith Engineering & Prod Manager (33 years) Neville Kelly CFO and Co. Sec (25 years) Garry Marsden…
  7. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 7
    To date AWE has grown with a strong Australasian focus ...... but E&P is a global game. AWE will grow globally in the medium term, but this will be done with rigor & focus
  8. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 8
    10 years of growth Since IPO: Grown business 50 fold; Increased share price 6 fold; 20% annualised TSR since listing
  9. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 9
    2006-07 a year of delivery
  10. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 10
    Achievements completed BassGas commissioning Henry gas project entered FEED identified gas resources in Otway and acquired additional equity in key exploration permit commenced large drilling campaign in New Zealand 2 modest discoveries…
  11. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 11
    2006-07 profit and loss 2006-07 year 2005-06 year Oil and gas production (million Boe) 3.93 0.96 Sales Revenue (m) 142.7 24.2 EBITDAX 113.6 20.5 Amortisation 45.3 9.0 Devel & Expln write-off 28.9 13.3 Net Interest expense 4.9…
  12. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 12
    Production Target
  13. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 13
    2006-07 net profit components Numbers may not add due to rounding Numbers may not add due to rounding
  14. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 14
    2006-07 cash flow summary Numbers may not add due to rounding Numbers Numbersmay maynotnot addadd due due to to rounding rounding
  15. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 15
    Cornerstone projects
  16. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 16
    BassGas project (AWE 30%) Yolla field performing at design capacity 2007/8 EBITDAX target A35 million (WTI US60/Bbl) growth potential (Oil price; Reserve additions at Yolla; Trefoil field tie-in; Expln success) Trefoil and…
  17. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 17
    BassGas Project (AWE 30%)
  18. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 18
    Casino project (AWE 25%) initial contract 96 TJ/day (additional 44 TJ/day contracted until Q3, 2007) successful development and strong field performance Henry Feed nearing completion Casino 2007/8 EBITDAX target = A29 million Pecten…
  19. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 19
    otway basin Vic P44 (AWE 25%)..excellent exploration Martha Netherby Pecten East Henry Casino 160 PJ 285 PJ
  20. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 20
    Perth Basin (AWE 27.5%)
  21. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 21
    Cliff Head project (AWE 27.5%) field performing well, oil production now 10,000 bopd pump and scaling problems solved 4 million barrels of oil produced to date 2007/8 EBITDAX target = 48 million (WTI US60/Bbl) 2 modest discoveries in…
  22. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 22
    Tui Area oil project, DELIVERED 20 months from FID to first oil
  23. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 23
    AWEs Taranaki Basin Acreage
  24. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 24
    Tui history (AWE 42.5%) AWE took role of Operator in Feb 2006 project delivered, with first oil on July 30, 2007 final project capex estimated at US269 million initial oil production rates nearing target of 50,000 bopd developed 2P…
  25. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 25
    FPSO Umuroa Mid water arches Mooring lines Sub sea well head and tree Flowlines and Umbilicals Tui development
  26. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 26
    FPSO in Singapore
  27. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 27
    Normand Installer vessel
  28. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 28
    Installation of mid water arches
  29. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 29
    FPSO in New Plymouth
  30. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 30
    FPSO mooring at Tui
  31. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 31
    First oil transfer from FPSO to Akama
  32. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 32
    Akama discharging in Sydney
  33. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 33
    Tui project outlook gross IP=50,000 bopd; yr 1=7-10mmbo; declines rapidly thereafter first oil delivered in July, 2007 interim reserves upgraded from 27.9 to 32 mm bbls 2007/8 EBITDAX target = A283m (WTI=US60/Bbl) good NPV & profit…
  34. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 34
    How we do it retain the best people provide a great work environment stay nimble (no paralysis by analysis) AWE as the JV partner of choice team focus with single point accountability positive board and management interaction transparent…
  35. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 35
    Strategy balanced approach to grow the company for the benefit of shareholders invest with financial & technical discipline diversify asset base (& maintain the conveyor belt of projects) seek exposure to 1-2 large upside projects each…
  36. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 36
    Future Outlook
  37. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 37
    Where are we going 4 production assets up and running cash flow target of 400 million in 2007-08 captured growth Henry, Trefoil and Gentoo/Rockhopper in existing acreage Indonesian exploration :- scouting continues long term growth: more…
  38. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 38
    Exploration Outlook
  39. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 39
    Upcoming drilling program September 2007 Prospect Permit Equity Size AWE Cost Timing (%) (gross) (Amm) Taranui-1 PMP 38158 42.5 5-15 mmbo 8.0 current Lisah-1 Bulu PSC 42.5 7.0 Q3-07 Lengo-1 Bulu PSC 42.5 7.0 Q3-07 West Cape-1 PEP…
  40. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 40
    Update on Taranaki exploration Good follow-up potential for large prospects (20 to 100 mmb oil)
  41. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 41
    Oi Taranui Tui area Fields Prospect Prospect 18 km
  42. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 42
    West Cape Prospect Tui area Oil Fields Depth Structure Map - Top F Sand
  43. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 43
    West Cape prospect dip line 3 km F Sand
  44. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 44
    Indonesian area of exploration
  45. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 45
    Netherby & Pecten East prospects, Otway basin (AWE 25%) Martha Netherby Pecten East Casino Henry 285 PJ 160 PJ
  46. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 46
    Targets
  47. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 47
    Production growth target
  48. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 48
    Cashflow growth target Long term cashflow target 130 million per annum
  49. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 49
    Summary Experienced management Significant Operatorship team with track record of capability superior TSR over 10 years Strong shareholders Beneficial alliance with Mitsui Strong financial position Very good growth profile…
  50. AUSTRALIAN WORLDWIDE EXPLORATION – Awe Limited – slide 50
    www.awexp.com.au Australian Worldwide Exploration August/September 2007

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