Agenda AWE Overview Shale Gas within AWE Sugarloaf Project Perth Basin exploration Indonesian Study Group Other opportunities Summary Slide 3
Australian based, Asia and US focused AWE well placed to grow in key energy markets Slide 4
AWE now has approximately 174 million BOE of reserves plus resources (2P + 2C) 21 million barrels of 2P liquid reserves An additional 43 million barrels net contingent resources from AAL acquisition Total 87 million barrels of liquid…
AWEs shale gas reserves and resources (Dec-11) AWE Net 2P Reserves AWE Net 2P + 2C Resources Post Bass Gas sale Post AAL & Bass Gas divestment 56.2 Million BOE 2P Reserves 174.3 Million BOE 2P+2C (excludes potential of Perth…
AWE highlights for 2011-12 1H production of 2.94 million BOE demonstrating strength of base business Sale of 11.25% interest in Bass Basin Project for 80 million Reduced exposure to MLE Project capex Release of capital to reinvest in…
AWEs shale gas opportunities Eagle Ford Sugarloaf Development (USA) AWE 10% share (pre landowner royalty) Marathon operator, brings extensive experience Perth Basin Exploration Project AWE 33-100% AWE operates key Woodada…
AWEs Shale Gas opportunities Eagle Ford Sugarloaf Development (USA) AWE entry into Eagle Ford Shale via 2010 takeover of Adelphi Energy Limited (70 million transaction) AWE holds 10% (pre royalty) equity in Sugarloaf Area of…
Sugarloaf AMI (AWE 10%) Marathon assumed Operatorship of broader area in November 2011, following Hillcorp purchase Experienced new Operator has accelerated drilling activity in core area Operator plans 65 wells in Sugarloaf AMI in…
Progress and future initiatives 2012 drilling campaign will lift oil and gas output from AMI Strong liquids yield offsets weakness in US gas prices Recent drilling results have been encouraging, with liquid yields exceeding 800…
AWEs Shale Gas opportunities Perth Basin Exploration Project (WA) AWEs footprint in Perth Basin largely acquired through Arc Energy merger in 2008. Further acreage acquired more recently 600,000 net acres under lease, with three…
Perth Basin (AWE 33-100%) AWE Operates extensive acreage, utilising skills and contacts gained from Sugarloaf experience Stimulation project delayed following referral and appeals Regulatory approvals now received for all activities…
14 Woodada Deep-1 well construction Cemented in place steel casing isolates the injected and flow back fluids Inner most string runs from wellhead to bottom hole New string tested Burst pressure of casing string is over 12,000…
15 Woodada Deep-1 microseismic monitoring Treatment Well (Woodada Deep-01) Observation Well (Woodada-14) Observation Distance Microseismic Depends on Seismic Attenuation Monitoring Is Applied Seismology Based On Principles…
Shale gas fracture stimulations 16 AWE shale targets below 2,500 metres Fresh water aquifers present at shallow depths Multiple cemented steel casings to provide barriers to shallow aquifers Fracture stimulations comprised…
Shale gas development options 17 Deep Horizontal wells, up to 1.5km long. A number of wells drilled from each pad. Pads located kilometres apart. Slide 17
AWEs Shale Gas opportunities Indonesian Study Group AWE was granted 1 of 4 new shale gas study areas in Indonesia (5,000 sq km) First shale gas acreage in country, with focus on prolific Central Sumatra Basin (10 billion BOE…
Ande Ande Lumut update (AWE 100%) Subsurface Characteristics Estimated 76 million barrels recoverable oil (26% recovery factor) Oil column: up to 36 metres Oil characteristics 14.2 API gravity; and Water depth 73 30 centipoise…
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