Macquarie Mid-cap Oil & Gas Conference 15 September 2011
AWE Limited a compelling investment 2 opportunity Renewed board and management New Chairman and Managing Director Strong management and professional team Clear strategy and plan Diversified, long term, valuable asset base in…
3 Base business is strong 2P Reserves and Contingent Resources 66 mmboe 2P Reserves 78 mmboe Contingent Resources Production performance 6.1 mmboe in 2010-11 5.0 to 5.5 mmboe in 2011-12 Sales Revenue 305 million in 2010-11 270…
Long term reserves base 4 2P Reserves (million boe) Project Equity (as at June 2011) Tui Bass Gas 57.5% 36.3 Onshore PB Cliff Head Otway Basin 25.0% 10.6 Cliff Head 57.5% 4.0 Otway Basin BassGas Onshore PB 33%-100% 2.6…
AWE strategy is to grow shareholder 5 returns as an energy company 1. Deliver base business Focus on core assets and optimize production performance 2. Maximise value from near-field opportunities Focus on development of resources…
Operations and exploration 6
Sustainability strong focus for AWE 7 Continued strong environmental performance Shale gas activity o Open and transparent engagement with regulators and other stakeholders o Strong focus on environmental management AWE…
Bass Basin development on track, 8 upside under review Yolla output remains strong at over 50 TJ per day Phase 1 MLE offshore installation scheduled to start in late 2011, planned shutdown December to April Plans and budget for…
Solid production performance from 9 Taranaki & Otway Tui oil project, offshore Taranaki Basin Tui production continuing, into premium oil prices Ongoing review of infill and near field drilling opportunities Recently reported…
10 Indonesia focus on gas Plans progressing for drilling Atlas-1 with opportunity to drill in 1H 2012 Targeting Atlas prospect and Lengo discovery, potential up to 1 Tcf gas Further prospects being matured for gas exploration…
Sugarloaf 2P reserves growth with upside 11 Ongoing drilling activity at Sugarloaf, with 22 wells now on line Continued strong production performance Gross production now at 19 mmcfgd and 7,400 bopd Marathon to assume…
Perth Basin improving oil performance, 12 shale gas & tight gas opportunity Cliff Head Cliff Head-12 workover successfully completed in August Cliff Head production capacity at over 4,000 bopd with CH-12 contributing over 1,500…
Perth Basin shale gas opportunity 13 1 million acres (gross) position AWE operates the southern West Australian Domestic Gas Demand and Supply Outlook TJ/d acreage 2,200 2,000 3 shale plays identified 1,800 13-20 Tcf gas in…
Exploration Activities AWE unconventional exploration Shale activities Tight sand activities Not drawn to scale
Arrowsmith-2 (EP 413): Objectives 15 Arrowsmith-2 Arrowsmith- 2 Arrowsmith-2 well is to the SE of the original Arrowsmith-1 well, which flowed gas on test Carynginia Shale Gas from the middle Carynginia Shale interval…
Woodada Deep-1 Frac: Planned Stages 16 and Targets Traditional Woodada reservoir target Stage 3 frac to Limestone tight carbonate evaluate the tight Woodada Stage 3 Exploration Target Carbonate section Woodada Mud log and…
Woodada Deep shale quality - Carynginia 17 TOC / Maturity Microporosity Mineralogy Woodada Deep-1 Gas
Shale gas fracture stimulations 18 AWE shale targets are well below 2,000 metres Fresh water aquifers are present at shallow depths greater than 1,000 metres above shale targets Multiple cemented steel casings in place to…
Tight gas opportunity - near term impact 19 Corybas-1 flows1.3 mmcfgd, from vertical well following frac in 2009 Senecio-2 located 6km SE from Corybas and 8km East of Dongara gas plant Senecio-1 and -2 tested gas from…
Corybas 1: initial production performance 20 Corybas-1, tight gas proof of Rate choked due to sales line restrictions concept SUCCESS, sustained production Follow up potential Apply key lessons to new areas - Senecio
21 Key goals for 2011-12 Maintain and improve HSE performance Deliver operating budget for 2011-12 financial year 5.0 to 5.5 mmboe production (includes 5 month BassGas shut in) 270 to 300 million sales revenue at 100/bbl Brent oil…
22 Why AWE Strong, sustainable base business 66 mmboe 2P reserves 78 mmboe contingent resources Growth potential Existing assets Targeted exploration and acquisition Shale gas and tight gas Renewed board and management Clear…
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