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GOOD OIL CONFERENCE – Awe Limited

Awe Limited · Sep 5, 2012 · 24 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. GOOD OIL CONFERENCE – Awe Limited – slide 1
    AWE Limited Bruce Clement, Managing Director Good Oil Conference, 5 September 2012
  2. GOOD OIL CONFERENCE – Awe Limited – slide 2
    Overview AWE Background ASX listed company, established and listed in 1997 Market capitalisation of over 750 million Offices in Sydney, Perth, New Plymouth (NZ) and Jakarta Diversified, valuable asset base in Australia, NZ , Asia &…
  3. GOOD OIL CONFERENCE – Awe Limited – slide 3
    Australia based, focused on key energy markets AWE is well placed to take advantage of growth in key energy markets Slide 4
  4. GOOD OIL CONFERENCE – Awe Limited – slide 4
    Corporate and operational highlights Completed two important strategic initiatives to rebalance the portfolio and add growth potential to AWE: - Sale of 11.25% interest in Bass Basin Project for 80 million - Acquisition of…
  5. GOOD OIL CONFERENCE – Awe Limited – slide 5
    Financial highlights FY ending 30 June 2012 Production of 4.7 million BOE Sales revenue of 298.4 million Field EBITDAX of 188.7 million Full year statutory NPAT loss of 66.5 million, including impairment provision of 96.8 million…
  6. GOOD OIL CONFERENCE – Awe Limited – slide 6
    Continued strong operating cash flows Statutory Operating Cash Flow M 400 350 300 250 200 351 150 100 140 124 50 89 - FY09 FY10 FY11 FY12 Core producing assets delivering strong and stable operating cash flows…
  7. GOOD OIL CONFERENCE – Awe Limited – slide 7
    Field EBITDAX by segment 100 EBITDAX by Segment (M) 90 80 70 60 50 86 40 77 30 60 62 20 33 31 10 8 - 4 New Zealand South-Eastern Australia Western Australia United States 2011 2012 Field EBITDAX of 188.7…
  8. GOOD OIL CONFERENCE – Awe Limited – slide 8
    FY 2012-13 guidance Item 2012-13 Guidance 2011-12 Actual Production (million BOE) 4.5 to 5.0 4.69 Revenue (m) 250 to 280 298.4 Development expenditure (m) 190 to 220 171.5 Exploration expenditure (m) 50 39.2 Revenue…
  9. GOOD OIL CONFERENCE – Awe Limited – slide 9
    AWE positioned for value and growth Maximise Develop Grow through Deliver base near-field opportunities in exploration & business opportunities New Energy acquisitions Focus on core Focus on delivery Utilise skills from…
  10. GOOD OIL CONFERENCE – Awe Limited – slide 10
    AWE has approximately 189 million BOE of reserves plus resources (2P + 2C) AWE 2P Reserves and 2C Resources (as at 30 June 2012) Increase in 2P+2C of 31% 200 over the year 2C Resource - US Gas & Condensate 189.2 million BOE 180 2C…
  11. GOOD OIL CONFERENCE – Awe Limited – slide 11
    AWE 2P reserves as at June 2012 Project/Area Equity 2P Reserves BassGas (million BOE) Otway Basin Cliff Head Onshore PB BassGas 46.25% 28.3 Tui Sugarloaf Otway Basin 25.0% 9.3 9.7 Cliff Head 57.5% 3.3 3.1 2.4 28.3 Onshore PB…
  12. GOOD OIL CONFERENCE – Awe Limited – slide 12
    AWE 2C resources as at June 2012 Project/Area Equity 2C Resources (million BOE) Bass Basin Oil and gas resources up 71% Otway Basin Bass Basin 44.75 - 46.25% 37.3 Cliff Head Onshore PB Otway Basin 25.0% 4.8 Tui 30.9 Sugarloaf 37.3…
  13. GOOD OIL CONFERENCE – Awe Limited – slide 13
    46% of AWEs Australian 2P gas reserves and 74% of 2P+2C gas resources remain uncontracted AWE Net Australian Sales Gas Production Forecast (average TJ per day) 70 31 million BOE 2P 2P Reserves - Contracted 2P Reserves - Uncontracted…
  14. GOOD OIL CONFERENCE – Awe Limited – slide 14
    Strengthening base business portfolio Cliff Head Oil Field Successful workover of Cliff Head-12 during year 7.5% increase in production from prior year Reviewing further opportunities to optimise field performance Tui Oil Fields…
  15. GOOD OIL CONFERENCE – Awe Limited – slide 15
    Strengthening base business portfolio Casino/Henry Gas Fields Good production performance, meeting the long term contract Reviewing additional exploration/development opportunities Onshore Perth Basin Gas Fields Gas sales…
  16. GOOD OIL CONFERENCE – Awe Limited – slide 16
    BassGas Project Completed sale of 11.25% interest for 80 million Phase 1 Mid Life Enhancement Project (MLE) Extends field life and maximises resource recovery and operating cash flow Offshore construction commenced Dec 2011…
  17. GOOD OIL CONFERENCE – Awe Limited – slide 17
    Growth assets Perth Basin Onshore Perth Basin Shale Gas/Tight Gas Hydraulic fracture stimulation campaign of 3 wells commenced on 29th July 2012 Positive results, with gas produced for all 8 zones tested Senecio-2 (AWE 50%)…
  18. GOOD OIL CONFERENCE – Awe Limited – slide 18
    Growth assets Perth Basin Onshore Perth Basin Shale Gas/Tight Gas Arrowsmith-2 (AWE 44.25%) High Cliff tight sandstone successfully stimulated with a stabilised gas rate of 0.78 mmscfgd achieved Irwin River Coal Measures shale zone…
  19. GOOD OIL CONFERENCE – Awe Limited – slide 19
    Growth assets Sugarloaf Eagle Ford Sugarloaf Development 30,000 60 Marathon acquired operatorship in Oil/Condensate July 2012 November 2011 Gas 25,000 50 AWE net production (BOE per month) AWE holds 10% working interest No.…
  20. GOOD OIL CONFERENCE – Awe Limited – slide 20
    Growth assets - Indonesia Ande Ande Lumut & Anambas Acquisition of 100% of Northwest Natuna & Anambas PSCs (as operator) containing: AAL oil field (estimated to contain 76 million BOE recoverable) Anambas gas discovery and a…
  21. GOOD OIL CONFERENCE – Awe Limited – slide 21
    Growth assets - Indonesia Ande Ande Lumut Development Ande Ande Lumut Development Concept Recruitment of key people for AAL team completed Geological modeling and engineering Water depth 73 studies in progress metres Initial…
  22. GOOD OIL CONFERENCE – Awe Limited – slide 22
    Strategic initiatives have rebalanced portfolio Net 2P Net 2P (as at 30 June 2011) plus AAL Resource (as at 30 June 2012) 100 80 Oil, 50% 60 Oil, 13% Condensate, 15% million BOE LPG, 8% Condensate, 10% 40 LPG,…
  23. GOOD OIL CONFERENCE – Awe Limited – slide 23
    AWE is well positioned for growth Strong core business performance in FY 2011-12 4.7 million BOE production (including 6+ months shut-down at BassGas) 298.4 million sales revenue 188.7 million EBITDAX 300 million debt refinancing…
  24. GOOD OIL CONFERENCE – Awe Limited – slide 24
    AWE Limited Bruce Clement, Managing Director Good Oil Conference, 5 September 2012

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