Highlights Delivered: Strong production performance and operating cashflow Successful workover activity in key production assets Yolla MLE commitment to phase 1 Adelphi acquisition (Sugarloaf) with strong initial results Reserve…
Strategy Grow shareholder returns as an Energy Company 1. Deliver base business Focus on core assets and optimize production performance 2. Deliver near-field opportunities Focus on delivery of opportunities near to existing…
2010-11 half year results summary 6 months to Dec 2010 Dec 2009 Change Production (million BOE) 3.11 3.32 -6% Sales revenue ( million) 134.6 189.6 -29% EBITDAX 64.2 129.1 -50% Pre tax profit (74.1) 41.9 -277% NPAT (49.8) 17.3…
6 monthly earnings breakdown 6 months to Dec-10 June-10 Dec-09 million million million Revenue 135.8 164.2 191.0 Operating costs (1) (68.7) (70.8) (61.2) Amortisation (50.3) (48.1) (46.4) Exploration costs expensed (46.3) (98.8)…
AWE summary cashflow 6 months to Dec 2010 June 2010 Dec 2009 million million million Opening Cash 135.2 296.3 356.1 Net cashflow from operations 40.7 83.5 7.0 Asset acquisitions (Adelphi and BassGas) (33.9) (115.0) 0.0 Development…
Cash lower after capital spending and Adelphi deal
AWE summary balance sheet Dec 2010 June 2010 Dec 2009 million million million Cash 64.5 135.3 296.3 Total current assets (incl. cash) 113.9 215.8 361.2 Exploration and evaluation assets 183.5 271.3 203.6 Oil and gas assets 888.9…
Long term reserves ensure continued strong production 2P Reserves Project Equity (million boe) Tui Bass Gas 57.5% 38.6 Perth Otway Basin 25.0% 12.0 Basin Otway Bass Gas Perth Basin 33%-100% 7.7 Basin Tui 42.5% 9.5 Sugarloaf…
Operations and exploration
Sustainability Excellent safety record, zero lost time injuries in half year, covering approx 600,000 man hours Continued strong environmental performance BassGas CO2 sales reducing greenhouse footprint Reputation solid…
Bass Basin Gross Yolla production capacity continues at approx. 60 TJ per day, after short production outage in early Feb Silvereye-1 drilling completed First phase of Yolla MLE committed and proceeding, with gross capex of 346…
Taranaki Basin Tui gross production of approx 9,000 bopd, following Pateke startup Tui project approaching 30th million barrel milestone this week Recent drilling and reprocessed 3D seismic to review within field and near field…
Otway Basin Casino project producing at contract rates of 100 TJ per day Operations identified and rectified control line faults and capacity restored to all four wells Reserve downgrade previously reported for Netherby
Sugarloaf ongoing success with upside Adelphi purchase completed Initial NSA reserves report released 6.3 million BOE (2P) net 18.2 million BOE (3P) net Further drilling and initial testing undertaken Strong condensate ratios…
Block 7 Shabwa Basin, Yemen 3 wells drilled to date, with strong oil and gas shows indicated Al Meashar discovery and first appraisal wells tested oil from basement. Both wells suspended Further 2D seismic being acquired, with…
Perth Basin 17 Cliff Head production still strong at approx 3,500 bopd gross capacity Cliff Head-12 workover in progress Senecio Growing gas volumes after Redback discoveries Redback-2 delivering to Synergy gas contract…
East Java Basin, Indonesia Further acreage added to portfolio through successful bid on Titan block Prospects being matured for gas exploration and appraisal Oil prospectivity to be tested, subject to farmout Potential for…
Summary Strong production performance Quality balance sheet Sugarloaf shale gas performing well Modest success in recent exploration campaign Perth Basin shale gas initiative accelerated Board renewal completed
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