FY2010 summary Balance sheet remains solid Reserves growth Base business is 4% increase after performing well production of 6.1 million 135 million cash. No boe debt 11% increase including Adelphi Exploration disappointing but…
2010 full year results June 2009 June 2010 Change Production (million boe) 8.749 6.089 -30% Sales revenue (AU million) 589.6 354.2 -40% EBITDAX (AU million) 476.0 225.6 -54% Pretax profit (AU million) 213.1 -23.9 n/a NPAT (AU…
Key factors in the results FY2010: Underlying profit components 400 350 300 129 250 AU millions 200 354 113 150 226 100 94 50 0 42 21 24 29 8 25 20 50 100 Fall in oil prices: A105 (2009), A83 (2010)…
Reserves have grown again 120 57 100 Million barrels oil equivalent 80 6.3 6.1 10.2 134.9 60 3.6 2.2 40 77.9 68.9 71.6 20 0 2P 2010 Writedowns Discovery Bass Gas 2P Adelphi US AWE 2P Contingent 2P + Reserves…
Base business is performing well 2P Reserves to 71.6 million boe 57 million boe allocated as a contingent resource Bass Basin (Trefoil and White Ibis), Otway Basin (Netherby and Martha) and Indonesia (Lengo) Adelphi not included…
Base business Lang Lang gas plant Umuroa, Taranaki Basin, New Zealand Yolla platform, Bass Basin Cliff Head oil platform, Offshore Perth Basin Pipe lay at Casino, Otway Basin Oil pump at Dongara, Onshore Perth Basin
Base business BassGas 57.5% Acquired additional 15% from Cal Energy - effective 1 May 2010 More efficient plant operations since completion of maintenance Mid Life Extension project restructured. Capex and timetable being reviewed…
US Eagle Ford shale gas interest Sugarloaf AMI Purchase of Adelphi Energy Ltd awaiting compulsory acquisition Production results to date very encouraging Independent reserves certification recently completed on the US shale gas…
Contingent resources Bass Basin, Victoria Drilling rig at the Al Meashar well, Yemen East Java Basin, Indonesia Seismic interpretation of Top Salt, Block 7, Yemen
Australia / Yemen / Indonesia Trefoil (47.5%), Bass Basin Trefoil-2 drilled November 2009 to appraise the Trefoil-1 discovery 2P resource estimate - 195 bcf and 12 million barrels of associated liquids Development scoping studies in…
Exploration potential Indonesia Consolidation of acreage in the East Java Basin is continuing With award of a new PSC (North Madura PSC) Two prospects high-graded for drilling in the near term In the Terumbu and North Madura PSCs…
AWE board succession Bruce McKay today announced intention to step-down as Chairman after 13 successful years Bruce Phillips has been unanimously appointed as the new Chairman Nick Jukes has been appointed a Non-Executive…
Summary Balance sheet remains solid 135 million cash and no debt Base business is performing well 2P reserves to 71.6 million boe 57 million boe contingent resources for future development Acquisition of US shale gas interest…
Appendices
2010 full year results June 2009 June 2010 Change Oil and gas Production (m BOE) 8.749 6.089 -30% Sales Revenue ( million) 589.6 354.2 -40% EBITDAX (field only) 476.0 225.6 -54% Exploration Write-offs 66.3 113.1 67% D&A 128.6 94.5…
Summary production June 2009 June 2010 Change Gas Production (PJ) 18.4 15.8 -14% LPG Production (tonnes) 19,802 14,315 -28% Condensate Production (barrels) 298,000 229,000 -23% Oil Production (barrels) 5,149,000 3,059,000 -41%…
Summary of abnormal items A million Item Profit/ Tax Net Comment (Loss) Foreign Exchange Gain/Loss -9.2 2.8 -6.4 Loss on US cash holdings Adelphi acquisition costs -1.6 0.5 -1.1 Oil and gas asset impairment -23.4 7 -16.4 Impairment…
Summary of reserves 2P Reserves Project Equity (million boe) Bass Gas 57.5% 38.6 Tui Perth Otway Basin 25.0% 15.8 Basin Bass Perth Basin 33%-100% 7.7 Otway Gas Basin Tui 42.5% 9.5 Total 71.6
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