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…
Base business is strong 3 Production performance 6.1 million BOE in 2010-11 5.0 to 5.5 million BOE in 2011-12 (BassGas MLE interruption) Sales Revenue 305 million in 2010-11 270 to 300 million guidance for 2011-12 Sustainable…
Australian based, Asia and US focus 4 Sugarloaf AMI East Java Basin Shabwa Basin Taranaki Onshore Perth Basin Basin Offshore Perth Basin Otway Bass Basin Basin
AWEs long term reserves base 5 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%…
AWEs share of Contingent Resources 6 rose by 37% in 2010-11 Contingent Resources Project Equity (million boe) Tui Bass Basin 47.5% - 57.5% 40.0 Indonesia Otway Basin 25.0% 4.8 Bass Cliff Head 57.5% 1.2 Onshore Basin Onshore PB…
2010-11 full year results summary 7 12 months to June 2011 June 2010 Production (million BOE) 6.12 6.09 Sales revenue ( million) 304.9 354.2 Gross Profit (1) 70.5 128.7 Pre tax profit / loss (160.5) (23.9) Statutory NPAT (117.6)…
2010-11 full year segmental reporting 8 New SE Western United million Total Zealand Australia Australia States Sales revenue 304.9 105.1 115.5 78.3 5.8 Production costs & (133.1) (45.1) (38.7) (47.2) (1.9) royalties Net field…
2010-11 cash flow summary 9 12 months to June 2011 Opening Cash (as at June 2010) ( million) 135 Cashflow from Operating Activities 140 Includes exploration costs (1) 21 Cash flow from operating activities before exploration 161…
AWE strategy is to grow shareholder 10 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 11
Sustainability strong focus for AWE 12 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, 13 upside under review AWE equity 57.5% in BassGas Yolla output remains strong at approximately 54 TJ per day Phase 1 MLE offshore installation scheduled to start in late 2011, planned shutdown…
Solid production performance from 14 Taranaki & Otway Tui oil project, offshore Taranaki Basin (AWE Equity 42.5%) Tui production continuing, into premium oil prices Strong FPSO operating performance Ongoing review of infill and near…
Indonesia focus on gas 15 (AWE Equity 40-100%) Plans progressing for drilling Atlas-1 with opportunity to drill in 1H 2012 Targeting Atlas prospect and Lengo discovery, potential up to 1 Tcf recoverable gas Further prospects…
Sugarloaf 2P reserves growth with upside 16 AWE Equity 10% pre-royalty Sugarloaf AMI located in sweet spot within Eagle Ford play Equity in AMI acquired through 75 million takeover of Adelphi in May 2010. Reserve growth from…
Sugarloaf oil and gas production upside 17 Ongoing drilling activity at Sugarloaf, with 22 wells AWE Production from Sugarloaf AMI now on line 25,000 Continued strong production growth 20,000 Liquids Gas (BOE) Gross…
Sugarloaf AMI Upside to valuation 18 Sugarloaf development program expected to accelerate, with change of Operatorship to Marathon Infill drilling, at closer spacing, may contribute to higher total reserves and resources…
Perth Basin improving oil performance, 19 shale gas & tight gas opportunity Cliff Head (AWE 57.5%) Cliff Head-12 workover successfully completed in August Cliff Head production at over 4,000 bopd Unconventional Gas (AWE 33-100%)…
Perth Basin shale gas opportunity 20 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…
Exploration Activities AWE unconventional exploration Shale activities Tight sand activities Not drawn to scale
Shale gas fracture stimulations 22 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 23 Corybas-1 flowed 1.3 mmcfgd from vertical well following stimulation 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 24 Corybas-1, tight gas single Rate choked due to sales line restrictions stage hydraulic stimulation proof of concept Sustained production Follow up potential Apply key lessons to…
Key goals for 2011-12 25 Maintain and improve HSE performance Deliver operating budget for 2011-12 financial year 5.0 to 5.5 million BOE production (includes 5 month BassGas shut in) 270 to 300 million sales revenue at 100/bbl…
Why AWE 26 Strong, sustainable base business 66 million BOE 2P Reserves 78 million BOE Contingent Resources Valuable Core Business 161 million operating cashflow in 2011 117 million cash at 30 June, 2011 Enterprise value to…
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