Conference call dial-in details Toll-free Australia: 1800 123 296 Toll: + 61 2 8314 8370 - (can be used if dialing from international location) Toll-free international dial in: - Canada 1855 5616 766 - China 4001 203 085 - Hong Kong…
Business model and focus Total Shareholder Return and Health Safety Environment Community Strategy High margin oil Fundamentals focus: market, technical, cost & commercial Build gas supply & demand portfolio Leverage and grow…
FY13 key messages Our core business is strong - generating high margin cash flow + exploration success Oil transport interruptions deferred production and impacted results Portfolio upgraded substantially - contains number of catalysts…
FY13 results overview Revenue of 53.4 million, down 10% Net profit after tax 1.3 million down from 8.4 million Underlying net profit after tax of 12.7 million, down from 14.0 million Cash and investments of 68.1 million1 Production…
Key financial results million unless otherwise indicated FY13 FY12 Production MMbbl 0.49 0.52 Sales volume MMbbl 0.48 0.52 Oil price average AUD/bbl 112 115 Sales revenue 53.4 59.6 Other revenue 2.3 4.7 Net profit after tax 1.3 8.4…
Underlying NPAT movement million 14.0 +1.4 + 1.6 12.7 + 3.4 - 6.2 - 2.3 +0.8 FY12 Sales revenue Other revenue Production Amortisation of Admin & other Income tax FY13 expenses E&D costs expense Reduction due to…
Movement in cash and investments million 45.2 31.5 Investments at fair 13.2 3.4 2.2 73.9 17.2 value Investments at fair 20.2 value (1) 61.5 9.1 0.3 47.9 Cash & deposits Cash & deposits Cash from Investing & operations…
0.52 0.49 0.49 0.47 0.41 0.10 0.38 FY08 FY09 FY10 FY11 FY12 FY13 FY13 production ranks as second highest recorded First half impacted by Cooper Basin transport issues Second half increased with new Cooper Basin…
FY13 portfolio activities Indonesia Increased production & reserves Tangai workover Cooper Basin Merangin III PSC added Increased reserves Discoveries - Rincon Nth and Windmill In-fill drilling successes 2D & 3D seismic Otway…
Reserves and resources Movement in proved & probable reserves Reserves MMbbl MMbbl as at 30 June 2013 1P 2P 3P 2.16 Cooper Basin 0.95 1.80 2.89 0.77 1.88 0.49 Indonesia 0.06 0.35 0.64 Total 1.02 2.16 3.53 Contingent…
Portfolio: reserves and resources Reserves and risked resources Prospective resources by risk MMboe 110 MMboe total 110 29 2P Reserves Low Risk 2C Resources 58 Medium Risk Prospective Resources 22 High Risk 5.7 2.2…
Tunisia - Hammamet West-3 Results to date Initial results highly encouraging 432 metres of near horizontal Abiod drilled Strong oil and gas shows Open fractures interpreted on logs while drilling Presence of open…
FY14 guidance Total Exploration Development Wells 0.54 Australia 0.52 0.49 0.58 Cooper Basin 15 6 9 9 0.41 Otway Basin 11 11 - 1-2 Gippsland Basin 1 1 - - Indonesia 11 8 3 2-3 FY11 FY12 FY13 FY14f Tunisia 1 12 12 - -…
Summary Restructuring , relocation and board transition has been completed Set for significant FY14 - production to increase 10%+ - game-changers and catalysts: HW-3 resources; Tunisian portfolio divestment and Otway drilling -…
Appendices Reconciliation of Statutory and Underlying profit FY14 major activities program Acreage and interests: - Cooper Basin - Otway Basin - Gippsland Basin - Indonesia - Tunisia Presenters Abbreviations 18
Reconciliation of statutory and underlying profit million 12 months ending 30 June 2013 2012 Net profit after tax 1.3 8.4 Adjusted for: Impairment of exploration assets held for sale 0.4 17.9 PRRT derecognised/ (recognised) 11.0…
FY14 major activities program Location License Operator Sept Qtr Dec Qtr Jan Qtr Jun Qtr 5 exploration wells 4 development wells 3D processing and inversion PEL 92 Beach Energy Rincon 3D inversion Facilities expansion at Cooper…
Cooper Basin Oil production and exploration - low cost & high margin - current approximately 1,500 bopd (net) Discovered 5.9 mill bbls (net) to date (1) Produced 4.1 mill bbls (net) to date (1) Production expect to increase in FY14…
Otway Basin Proven basin for conventional plays Liquids prone Jurassic source rocks Close to markets & infrastructure Cooper Energy has strong regional position Sawpit-2 progressed assessment of unconventional play Deep drilling…
Agreements (1) for COE to farm-in to Vic/P41 and Vic/P68 - contain sizeable gas prospects 19.9% interest in Bass Strait Oil Company (BAS) BAS assets include 5 offshore Gippsland Basin permits - gas exploration potential along…
Sukananti KSO (COE 55%) currently 350 bopd (100% basis) multiple low risk opportunities profit hydrocarbons 15% oil / 20% gas (after costs) existing available infrastructure short pay-back periods 24 Low risk production upside
Many attractive features 3 contiguous permits, 12,600 km2 extensive prospects and leads undeveloped resources nearby producing oil and gas fields competitive fiscal terms Hammamet West-3 results to date upgrades nearby prospects…
Presenters David P. Maxwell Hector M. Gordon Jason de Ross Managing Director Executive Director- Exploration and Chief Financial Officer David Maxwell joined Cooper Energy in Production Jason de Ross joined Cooper Energy in September…
Abbreviations bbls barrels of oil boe barrel of oil equivalent bopd barrel of oil per day EBIT earnings before interest and tax EBITDA earnings before interest, tax, depreciation and amortisation MMbbl million barrels of oil MMboe million…
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