Bungaloo-1 Otway Basin Investor Pack September 2014
Cooper Energy key features Oil production of 500 kbbls+ pa from the Cooper Basin and Indonesia with high margins and cash returns Gas resources and acreage around which building a multi-basin competitive gas portfolio for eastern…
Company snapshot Production, balance sheet and share register Key figures COE share price Year to 25 September Share price range, 12 months to 25 Sep 0.35 - 0.585 0.60 Shares on issue 329.2 mill 0.55 Market capitalisation1 150…
East Coast domestic gas outlook Growing gap between contracted supply and anticipated demand PJ 800 COE strategy initiated in 2012 700 Forecast east cost domestic demand Contracted supply from: Built market understanding; buyer 600…
Business model and focus Focus on returns & care through disciplined application of resources and core skills Total Shareholder Return and Health Safety Environment Community Strategy High margin oil Fundamentals focus: market,…
What are we building . Applying our technical and financial resources to build a significant mid-cap oil and gas leader Here and now The 3 - 5 year vision Oil production 0.5 MMbbls+ Production focus- Cooper Basin Oil and gas…
FY14 results overview Cooper Energys strongest annual results yet Financial Revenue of 72.3 million, up 35% Net profit after tax 22.0 million up from 1.3 million Underlying net profit after tax of 25.3 million, up from 12.7 million…
Key financial results Increased production and higher oil prices drove record earnings million unless otherwise indicated FY 14 FY13 Production MMbbl 0.59 0.49 20% Sales volume MMbbl 0.58 0.48 21% Oil price average AUD/bbl 124.08…
Safety Significantly improved and on-target whilst substantially increasing hours worked 12 month rolling Lost Time Injury Frequency Rate FY14 LTIFR of 0.8 from 1.75 at June 13 APPEA and Cooper Energy Hours worked increased 148%…
Business elements Strategy for growth involves 3 areas, underpinned by financial and technical resources Strong oil business Developing gas business Indonesia growth Cooper Basin Western Flank, Indonesia Gippsland Basin, Otway…
Strong oil business Production of circa half a million barrels per annum with high margin and cash flow Solid production base Low cost production Reserves 0.7 0.6 2.5 0.5 0.59 2.0 Netback 1 0.52 0.4 0.49 0.50 Royalties 1 0.41 to…
Strong oil business: Cooper Basin PEL 92 & 93 Prime acreage on prolific western flank of Cooper Basin Oil production and exploration - current approximately 1,250 bopd (net) Exploration and development continues to add reserves -…
Cooper Basin northern permits: PEL 90, 100 & 110 Drilling on 3D seismic in lightly explored acreage in northern Cooper Basin 1,169 km2 in northern SA Cooper Basin Lightly explored region with extensive Dundinna 3D seismic survey 577…
Developing gas business Building a portfolio of gas production assets around the fundamentals of cost and market Market Market-driven approach Building customer relationships Pipeline transport expertise Cooper Basin Existing…
Otway Basin Increased acreage positon and prospectivity for deep conventional and shale gas plays Expanded acreage coverage of Penola Trough traded 35% PEL 495 for 30% PEL 494 & PRL 32 zero net cost to Cooper Energy Jolly-1 and…
Penola Trough deep well drilling 2014 results Conventional gas play identified and shale gas opportunity reinforced Jolly-1 Formation Drilled to a total depth 4,026 metres 78 metres of cores recovered in the Lower Sawpit and…
BMG and Gippsland Basin Resources secured; subsurface, facilities and commercial activity commenced Acquired 65% interest and operatorship at low cost 1 million initial payment and 5 million conditional on hydrocarbon production…
BMG Business case inputs being prepared BMG Gas and liquids resource Reserves determination - existing - 3rd party gas - exploration Optimum Funding development concept Business case Basker & Manta Commercialisation…
Indonesia: South Sumatra Proven oil and gas province with high value-low risk opportunities Prolific hydrocarbon region 285 discoveries - 3 billion bbl oil & 25 TCF gas Not rigorously explored with 3D Emerging Coal Bed Methane…
Indonesia: South Sumatra Basin Acreage offers low risk value-add opportunities and company-maker targets Sukananti KSO (COE 55%) Currently 370 bopd (100% basis) Multiple low risk development opportunities 2-3 development wells…
Tunisia Shareholder value driven monetisation of extensive portfolio 3 permits covering 12,600 km2 Hammamet West oil discovery - gross contingent resource estimated to be 12.6 MMboe (1C) to 110.4 MMboe (3C)1 - oil development…
FY15 exploration program 10 exploration wells; broader exposure; 30% of budget to Gippsland and Otway Exploration wells FY15 Exploration expenditure million by region 1 Otway Tunisia Cooper Basin 5 Indonesia 2 Cooper Basin…
Major exploration and development activities FY15 Largest program yet Location License Operator Dec Qtr March Qtr June Qtr Carryover wells and reprocessing in H1. 4 PEL 92 Beach Reprocessing exploration wells, 3 development wells in…
FY15 guidance Production guidance range exceeds all years prior to FY14 Reduced capex and increased exploration well exposure FY15 production guidance FY15 capital expenditure outlook MMbbl million approximate Expenditure Wells…
Near term outlook highlights Value catalysts in the next 12 months Oil Exploration Cooper Basin Western Flank: drilling 4 wells in PEL 92 on new 3D data Cooper Basin Northern permits: drilling 5 wells in lightly explored permits on…
Medium term look-ahead Sustained growth through discipline and focus where we add the greatest value Australian oil production Gas projects for supply from 2018 Indonesia: increased value and increased for base load earnings Gippsland…
Appendices
Reserves and resources1 Reserves marginally down on record production and limited exploration drilling Contingent resources up 5 times on BMG and Tunisia Proved & Probable (2P) reserves Contingent Resources (2C) MMbbl MMboe 2.16 0.59…
Notes on calculation of Reserves and Resources Reserves Reserves include Cooper Energys share of future crude fuel usage in the Cooper Basin. The estimated fuel usage is; 1P 0.02 MMbbl, 2P 0.05 MMbbl and 3P 0.08 MMbbl. There is no…
PEL 93 & PPL 207 Long term production, new potential identified in Murta and Patchawarra Worrior oil field discovered 2003, production commenced November 2003 6 exploration wells drilled, 2 discoveries (33%) Reserves primarily in…
Indonesia: Sukananti KSO Production growth achieved, further gains targeted through workover, development and appraisal Production steadily increased through program of workover initiatives FY14 production of 55,000 barrels (COE…
Indonesia: Sumbagsel PSC Exploration acreage in prolific South Sumatra Basin COE awarded permit April 2011 for a 6 year initial exploration term Acquired 257 km of 2D seismic Key play types are structural and carbonate reefs…
Indonesia: Merangin III PSC Exploration acreage adjacent to substantial producing gas and oil fields COE awarded permit May 2013 for a 6 year exploration initial term Key play types are structural and carbonate reefs Shallow oil…
Abbreviations bbls barrels of oil boe barrel of oil equivalent bopd barrel of oil per day EBITDA earnings before interest, tax, depreciation and amortisation kbbls thousand barrels LTIFR Lost Time Injury Frequency Rate. Lost Time…
Contact details Website: cooperenergy.com.au Investor relations: Don Murchland +61 439 300932 donmcooperenergy.com.au Address: Cooper Energy Limited Level 10 Waymouth St Adelaide SA 5000 + 61 8 8100 4900 Investor Pack September…
Loading...
