Agenda Introduction AWE snapshot AWE assets Reserves and Resources Progress on key assets Shale gas opportunities Exploration objectives Ande Ande Lumut and Anambas projects in Indonesia Growth options and strategy Slide 3
Australian based, Asia and US focused AWE well placed to grow in key energy markets Slide 4
AWE has approximately 174 million BOE of reserves plus resources (2P + 2C) 57 million BOE 2P oil and gas reserves, including 21 million barrels of 2P liquid reserves An additional 43 million barrels net contingent resources from…
BassGas MLE Progress AWE holds 46.25% of BassGas after sale of an 11.25% interest to Toyota Tsusho MLE Project progressing, with successful installation of accommodation module Development drilling phase planned for summer…
Tui and Cliff Head Profitable oil projects Tui oil project (AWE 42.5%) Tui oil project continues strong production performance, averaging 5,700 bopd in March quarter Joint venture reviewing options for in-fill and near- field…
Accelerated development drilling at Sugarloaf AWE holds 10% (pre-royalty) share 0.4 40 of Sugarloaf AMI, prime Eagle Ford Monthly Oil + Condensate, MMBoe acreage 35 Monthly Sales Gas, Operator plans 65 wells in Sugarloaf…
AWEs Shale Gas opportunities Perth Basin Exploration Project (WA) Large acreage under lease, with three prospective Shale units (Kockatea, Carynginia and Irwin River) 13-20 Trillion cubic feet of gas in place estimated within…
Onshore Perth Basin (AWE 33-100%) Conventional gas Material onshore existing gas reserves and further opportunities Beharra Springs/Redback area; targeting further drilling to extend gas play Tight gas Corybas-1 successful flow…
Senecio Operations (AWE 50%) Significant identified prospective tight gas opportunities up to 200 Bcf recoverable sales gas Original Senecio discovery well flowed at 1 million cubic feet per day New 3D seismic acquired to…
Woodada and Arrowsmith operations Woodada Deep (AWE 100%) 3 separate zones planned to be stimulated and flow tested Two Carynginia Shale and Siltstone targets, plus Beekeeper Limestone target above Carynginia Arrowsmith-2 (AWE…
Shale gas fracture stimulations 13 AWE shale targets below 2,500 metres Fresh water aquifers present at shallow depths Multiple cemented steel casings to provide barriers to shallow aquifers Fracture stimulations comprised…
Shale gas development options 14 Deep Horizontal wells, up to 1.5km long. A number of wells drilled from each pad. Pads located kilometres apart. Surface footprint will be minimised through the use of multi-well pads…
AWE Exploration objectives AWE targeting conventional and unconventional oil and gas within Australia, New Zealand, Asia and US Committed program aimed at expenditures of up to 50 million per annum, which will provide multiple…
AWE resource base is a key focus for AWE AAL deal and commercialisation Key is expected to unlock Focus considerable value in 2013 Focus on Trefoil gas/liquids field in light of stronger east coast gas prices and high liquids…
AAL development (AWE 100%) Upside potential of AAL project under assessment AWE review of subsurface geology and geophysics will assist in defining optimal reservoir development reduced number of wells longer reach horizontal…
Ande Ande Lumut update (AWE 100%) Subsurface Characteristics Estimated 76 million barrels recoverable oil (26% recovery factor) Oil column: up to 36 metres Water depth 73 metres Oil characteristics 14.2O API gravity; and…
Anambas gas discovery (AWE 100%) Anambas PSC acquired as part of the AAL purchase from Genting Located in Natuna Sea, Indonesia, close to existing gas infrastructure Anambas discovery estimated to contain 60 Bcf gas and 12 million…
AWE Growth Options and Strategy Strong core business performance for 2011-12 4.7 million BOE target (including 6+ months shut-down at BassGas) 270 - 300 million revenue guidance 300 million debt refinancing demonstrates cash flow…
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