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EUROZ OIL AND GAS CONFERENCE – Awe Limited

Awe Limited · Sep 12, 2012 · 27 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. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 1
    AWE Limited Bruce Clement, Managing Director Euroz Oil & Gas Conference, 12 September 2012
  2. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 2
    Overview AWE Background ASX listed company, established and listed in 1997 Market capitalisation of around 800 million Offices in Sydney, Perth, New Plymouth (NZ) and Jakarta Diversified, valuable asset base in Australia, NZ , Asia…
  3. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 3
    Australia based, focused on key energy markets AWE is well placed to take advantage of growth in key energy markets Slide 4
  4. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 4
    Corporate & operational highlights FY 2011-12 Completed two important strategic initiatives to rebalance the portfolio and add growth potential to AWE: - Sale of 11.25% interest in Bass Basin Project for 80 million - Acquisition of…
  5. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 5
    Financial highlights FY 2011-12 Production of 4.7 million BOE Sales revenue of 298.4 million Field EBITDAX of 188.7 million Full year statutory NPAT loss of 66.5 million, including impairment provision of 96.8 million (after tax)…
  6. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 6
    Continued strong operating cash flows Statutory Operating Cash Flow M 400 350 300 250 200 351 150 100 140 124 50 89 - FY09 FY10 FY11 FY12 Core producing assets delivering strong and stable operating cash flows…
  7. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 7
    Field EBITDAX by segment 100 EBITDAX by Segment (M) 90 80 70 60 50 86 40 77 30 60 62 20 33 31 10 8 - 4 New Zealand South-Eastern Australia Western Australia United States 2011 2012 Field EBITDAX of 188.7…
  8. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 8
    FY 2012-13 guidance Item 2012-13 Guidance 2011-12 Actual Production (million BOE) 4.5 to 5.0 4.69 Revenue (m) 250 to 280 298.4 Development expenditure (m) 190 to 220 171.5 Exploration expenditure (m) 50 39.2 Revenue…
  9. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 9
    AWE positioned for value and growth Maximise Develop Grow through Deliver base near-field opportunities in exploration & business opportunities New Energy acquisitions Focus on core Focus on delivery Utilise skills from…
  10. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 10
    AWE has approximately 189 million BOE of reserves plus resources (2P + 2C) Increase in 2P+2C of 31% AWE 2P Reserves and 2C Resources (as at 30 June 2012) over the year 200 2C Resource - US Gas & Condensate 189.2 million BOE 180 2C…
  11. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 11
    AWE 2P reserves as at June 2012 Project/Area Equity 2P Reserves BassGas (million BOE) Otway Basin Cliff Head Onshore PB BassGas 46.25% 28.3 Tui Sugarloaf Otway Basin 25.0% 9.3 9.7 Cliff Head 57.5% 3.3 3.1 2.4 28.3 Onshore PB…
  12. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 12
    AWE 2C resources as at June 2012 Project/Area Equity 2C Resources (million BOE) Bass Basin Oil and gas resources up 71% Otway Basin Bass Basin 44.75 - 46.25% 37.3 Cliff Head Onshore PB Otway Basin 25.0% 4.8 Tui 30.9 Sugarloaf 37.3…
  13. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 13
    46% of AWEs Australian 2P gas reserves and 74% of 2P+2C gas resources remain uncontracted AWE Net Australian Sales Gas Production Forecast (average TJ per day) 70 31 million BOE 2P 2P Reserves - Contracted 2P Reserves - Uncontracted…
  14. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 14
    Strengthening base business portfolio Cliff Head Oil Field Successful workover of Cliff Head-12 during year 7.5% increase in production from prior year Reviewing further opportunities to optimise field performance Tui Oil Fields…
  15. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 15
    Strengthening base business portfolio Casino/Henry Gas Fields Good production performance, meeting the long term contract Reviewing additional exploration/development opportunities Onshore Perth Basin Gas Fields Gas sales…
  16. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 16
    BassGas Project Completed sale of 11.25% interest for 80 million Phase 1 Mid Life Enhancement Project (MLE) Extends field life and maximises resource recovery and operating cash flow Offshore construction commenced Dec 2011…
  17. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 17
    Growth assets Perth Basin Perth Basin Exploration Project (WA) AWEs footprint in Perth Basin around 600,000 net acres under lease 13-20 Trillion cubic feet of gas potential (in place) assessed within Middle Carynginia Stronger…
  18. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 18
    Growth assets Perth Basin Senecio-2 (AWE 50%, AWE Operator) Tight sandstone gas play in production licences L1/L2 Successfully perforated a 5m interval and stimulated the Wagina and Dongara reservoir (2,643m to 2,685m) Initial gas…
  19. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 19
    Growth assets Perth Basin Woodada Deep-1 (AWE 100%, AWE W E Operator) Underneath depleted Woodada gas field in production licence L5 Targeted Middle Carynginia from 2,370m to 2,425m and the Upper Carynginia from 2,283m to 2,330m…
  20. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 20
    Growth assets Perth Basin Arrowsmith-2 (AWE 44.25%, NWE Operator) Located in exploration permit EP 413 Stage 1 High Cliff tight sandstone, including Kingia tight sandstone, stimulated from 3,253m to 3,293m Achieved stabilised gas…
  21. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 21
    Growth assets Perth Basin Arrowsmith-2 (AWE 44.25%, NWE Operator) 5 zones tested Separate hydraulic fracture stimulations, plugs set between each zone Well clean-up of the Kockatea shale is underway Once oil and gas flow rates…
  22. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 22
    Growth assets Sugarloaf AMI Eagle Ford shale - Sugarloaf 30,000 60 AMI Development Oil/Condensate July 2012 Marathon acquired operatorship in Gas 25,000 50 November 2011 - AWE holds 10% AWE net production (BOE per month)…
  23. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 23
    Growth assets - Indonesia Ande Ande Lumut & Anambas Acquisition of 100% of Northwest Natuna & Anambas PSCs (as operator) containing: AAL oil field (estimated to contain 76 million BOE recoverable) Anambas gas discovery and a…
  24. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 24
    Growth assets - Indonesia Ande Ande Lumut Development Ande Ande Lumut Development Concept Recruitment of key people for AAL team completed Geological modeling and engineering studies in progress Water depth 73 metres Initial…
  25. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 25
    Strategic initiatives have rebalanced portfolio Net 2P Net 2P (as at 30 June 2011) plus AAL Resource (as at 30 June 2012) 100 80 Oil, 50% 60 Oil, 13% Condensate, 15% million BOE LPG, 8% Condensate, 10% 40 LPG,…
  26. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 26
    AWE is well positioned for growth Strong core business performance in FY 2011-12 4.7 million BOE production (including 6+ months shut-down at BassGas) 298.4 million sales revenue 188.7 million EBITDAX 300 million debt refinancing…
  27. EUROZ OIL AND GAS CONFERENCE – Awe Limited – slide 27
    AWE Limited Bruce Clement, Managing Director Euroz Oil & Gas Conference, 12 September 2012

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