RBC Capital Markets Mini-Cooper Conference David Maxwell, Managing Director Cooper Energy Limited 21 May 2013
Key features ASX 300 Exploration and Market cap of 138 million (1) production company Strong, stable register with 67% institutional and corporate shareholders High margin production Cooper Basin western flank oil production assets…
Iconic Coopers enduring & commanding RBC Capital Markets Mini-Cooper Conference Cooper Energy in good company 21 May 2013 4
Re-oriented to Australia particularly Eastern Australia Cooper Energy established 2002 Immediate success with Sellicks oil discovery in Western Flank of Cooper Basin 2003- 2011 Profitable & very valuable production from Cooper…
Cooper Basin - questions on new gas supply opportunities Breakeven gas cost v volume Rising prices brings new supply possibilities, BUTsupply cost & access remains critical F Position on the cost curve A / includes pipeline…
Cooper Basin gas on the cost curve Eastern Australia breakeven gas supply cost ex plant - indicative A/Gj Cooper Basin Unconventional Cooper Basin Conventional exploration Cooper Basin Appraisal/infill Sources of…
Gas strategy implementation our approach Leverage strengths capability and experience technical and market cash and cash flow relationships Assess market options Lowest cost supply focus upstream and pipeline cost varies by…
Cooper Energy - Eastern Australian basins & markets Cooper Basin Western flank oil Gas potential Otway Basin Conventional and unconventional oil and gas plays Gippsland Basin Gas resources Opportunities Reviewing and…
Cooper Basin (COE 19.16 30%) Discovered 5.4 mill bbls (net) to date* Produced 3.6 mill bbls (net) to date* Current oil production rate: 1,500 to 2,000 bopd (net) Very high margins Significant remaining potential 2012/13…
Our strategy and business RBC Capital Markets Mini-Cooper Conference 21 May 2013 Leveraging strengths for TSR 12
Summary Cooper Basin provides: long term, high margin oil production access to infrastructure and connection to markets conventional and unconventional gas potential Demand and supply projections are positive for Cooper Basin gas…
Appendices 1. Company snapshot 2. Cooper Basin PEL 92 3. Oil production historical and FY13 forecast 4. Tunisia 5. Indonesia 6. Indonesia - South Sumatra basin RBC Capital Markets Mini-Cooper Conference 21 May 2013 14
Company snapshot COE Share Price Capital structure financial year to date 0.65 Share price 0.40 - 0.69 range,12 months to 17 May 2013 0.60 Shares on issue 329.0 mill 0.55 Market capitalisation 138 mill 0.50 44cts on 26 April 2013…
Remaining 2013 Exploration program 2013 Location Licence Operator COE Equity Comments / Total Jun Qtr Sept Qtr Dec Qtr 6 well program started March, Caseolus 3D PEL 92 Beach 25% started February. Further drilling likely later in…
Cooper Basin PEL 92 (COE 25%) Production record production in FY12 new pipeline commenced Dec 2012 production building over 2H FY13 development drilling & facilities upgrades planned for 2013 Significant remaining potential…
Gippsland Basin a proven basin 19.9% interest in Bass Strait Oil Company (BAS) COE providing technical and commercial support BAS assets include 5 offshore Gippsland Basin permits Moby, Judith and Patricia gas discoveries…
Otway Basin (COE 20 65%) Proven basin for conventional plays Liquids prone Jurassic source rocks Close to infrastructure Close to oil and gas markets COE strong regional position Potential GIP 17-58 TCF COE share 27% RBC…
Tunisia (COE 30 85%) Hammamet West-3 underway (COE 30%) fractured carbonate play very large structure proven oil charge adjacent field produces same reservoir shallow water / near shore competitive fiscal terms COE carried up to…
Indonesia increasing production and reserves South Sumatra Basin prolific hydrocarbon province Range of onshore opportunities to add value exploration & development shallow oil deep gas CSG shale plays Low technical risk…
South Sumatra Basin Sukananti KSO (COE 55%) ex Pertamina fields 50 bopd (gross) currently 200 bopd (gross) work-over and drilling in 2013 potential 1 mill bbls (net to COE) contractor share 15% oil / 20% gas (after tax) Sumbagsel…
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