Skip to main content GOOD OIL CONFERENCE – Awe Limited Investor Presentation | Shale Experts
Loading...
Pm

GOOD OIL CONFERENCE – Awe Limited

Awe Limited · Sep 3, 2013 · 19 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, 3 September 2013
  2. GOOD OIL CONFERENCE – Awe Limited – slide 2
    Hitting the targets Strong financial performance, long-term stable cash flow and sound balance sheet Statutory NPAT 20 million Net operating cash flow 118 million 2P Reserves more than doubled to 110.4 mmBOE since December 2012…
  3. GOOD OIL CONFERENCE – Awe Limited – slide 3
    Performance summary Strong balance sheet and long-term, stable cash flow underpins growth strategy 4
  4. GOOD OIL CONFERENCE – Awe Limited – slide 4
    Reserves have doubled 2P Reserves increased to 110.4 million bbls, more than 20 times 2013 production 5
  5. GOOD OIL CONFERENCE – Awe Limited – slide 5
    Focused on HSE and community Safety performance improved significantly No reportable environmental incidents Continue to engage with local communities where AWE operates open and transparent approach HSE, social and community…
  6. GOOD OIL CONFERENCE – Awe Limited – slide 6
    Ande Ande Lumut oil project AWE has delivered improved POD, significantly increased Reserves 7
  7. GOOD OIL CONFERENCE – Awe Limited – slide 7
    AAL oil project overview Acquired 100% of Northwest Natuna and Anambas PSCs in Feb 2012 for USD139 million Original POD comprised USD600 million gross capex plus leased FPSO - 76 mmbbls, 43 wells, 25,000 bopd AWE significantly…
  8. GOOD OIL CONFERENCE – Awe Limited – slide 8
    AAL sell-down creates significant value Announced sale of 50% of Northwest Natuna PSC, including the Ande Ande Lumut oil project, to Santos in August 2013 for USD188 million comprising: USD100 million cash payable on completion Cost…
  9. GOOD OIL CONFERENCE – Awe Limited – slide 9
    Production outlook post AAL sale 2C Contingent Resources Ande Ande Lumut production uplift Note: As at 30 June 2013, based on Brent oil price of USD100 per bbl, illustrative model only and not formal company guidance…
  10. GOOD OIL CONFERENCE – Awe Limited – slide 10
    Cash flow post AAL sale Forecast Annual Operating Cash Flow, Capex and Exploration (2P with AAL at 50% plus 2C Pateke and Senecio) 600 Cash Inflows 500 Sale of 50% AAL 400 Operating Cashflow (1) 300 Cash Outflows 200…
  11. GOOD OIL CONFERENCE – Awe Limited – slide 11
    Production shift underway 5.0 mmBOE 10 mmBOE NOTES: 1. Based on 2P Reserves Production Outlook + Sugarloaf and Pateke 2. Based on Brent oil price of USD100 per bbl 3. Illustrative comparison only and not formal company…
  12. GOOD OIL CONFERENCE – Awe Limited – slide 12
    Strategic, regional focus Expansion into Asia creates value and increases available opportunities 13
  13. GOOD OIL CONFERENCE – Awe Limited – slide 13
    Delivering our strategy Deliver base Maximise Develop new Grow through business near-field ventures and exploration & opportunities opportunities acquisitions Optimise core asset Deliver opportunit- Leverage skills from Identify and…
  14. GOOD OIL CONFERENCE – Awe Limited – slide 14
    Development Sugarloaf AMI Production up 273% year on year; currently 2,000 boepd net Net 2P Reserves increased to 14.8 mmBOE at year end Net 2C Contingent Resources now 5.0 mmBOE with further upside potential Sugarloaf AMI…
  15. GOOD OIL CONFERENCE – Awe Limited – slide 15
    Development - BassGas Jack-up drill rig alongside Yolla platform, August 2004 Workovers of Yolla-3 and Yolla-4 wells successful, now producing near plant capacity FID for 2 development wells scheduled for September 2013 quarter…
  16. GOOD OIL CONFERENCE – Awe Limited – slide 16
    Development / Exploration - Tui Oi prospect located 12 kms northeast of Tui field Prospective Resource of 11 mmbbls of recoverable oil (gross, P50) Oi exploration well to spud in early November, AWE participating at reduced equity…
  17. GOOD OIL CONFERENCE – Awe Limited – slide 17
    Exploration - Perth Basin Corybas Extensive acreage - 3,380 Km2 across 10 licences Expect to drill 2 - 4 wells in Perth Basin in CY 2014 Focus on developing tight gas first; moving forward at Senecio and Corybas Continue testing…
  18. GOOD OIL CONFERENCE – Awe Limited – slide 18
    Unlocking the potential Sale of 50% of AAL creates value and adds flexibility AAL sale validates original strategy, demonstrates AWEs ability to create value Stronger balance sheet to leverage into new opportunities 2P Reserves and 2C…
  19. GOOD OIL CONFERENCE – Awe Limited – slide 19
    Thank You Questions

From the store

Browse maps, data & reports in the Shale Experts store