Good Oil Conference 2013 Presentation by David Maxwell Managing Director Cooper Energy 4 September 2013
ASX 300 Exploration & Production Market cap of 151 million (1) company Strong, stable register with 67% institutional and corporate shareholders High margin production assets, strong Cooper Basin western flank oil production core…
2002 2004 - 2010 2011 Today Focus on TSR(1), Australia Listed ASX 2002 Growing, profitable Board strategy review and leveraging expertise Cooper Basin oil Cooper Basin focus Some shareholders Growing production & business agitate…
Total Shareholder Return and Health Safety Environment Community Strategy High margin oil Fundamentals focus: market, technical, cost & commercial Build gas supply & demand portfolio Leverage and grow strengths People Funding…
Financial Revenue of 53.4 million, down 10% as production deferred due to transportation issues Net profit after tax 1.3 million down from 8.4 million Underlying net profit after tax of 12.7 million, down from 14.0 million Cash and…
Cooper Basin (PEL 92, 93, 90K,100,110) Western flank oil production 0.5 MMbbl pa net Strong cash flow, high margin /low cost production High exploration success rates, increasing reserves Indonesia Oil production 0.03 MMbbl pa Low…
Reserves and risked resources Prospective resources by risk MMboe 110 MMboe total 110 29 2P Reserves Low Risk 2C Resources 58 Medium Risk Prospective Resources 22 High Risk 5.7 2.2 FY14 program addressing Cooper Basin,…
Results to date Initial results highly encouraging 432 metres of near horizontal Abiod drilled Strong oil and gas shows Open fractures interpreted on logs while drilling Presence of open hydrocarbon-bearing fractures confirmed…
FY14 guidance Total Exploration Development Wells 0.54 Australia 0.52 0.49 0.58 Cooper Basin 15 6 9 9 0.41 Otway Basin 11 11 - 1-2 Gippsland Basin 1 1 - - Indonesia 11 8 3 2-3 FY11 FY12 FY13 FY14f Tunisia 1 12 12 - -…
Location License Operator Sept Qtr Dec Qtr Jan Qtr Jun Qtr 5 exploration wells 4 development wells 3D processing and inversion PEL 92 Beach Energy Rincon 3D inversion Facilities expansion at Cooper Basin Butlers, Callawonga PEL…
Restructuring, relocation and board transition has been completed Set for significant FY14 - production to increase 10%+ - game-changers and catalysts: HW-3 resources; Tunisian portfolio divestment and Otway drilling - leveraging of…