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Annual General Meeting – Coastal Energy Co.

Coastal Energy Co. · Jun 18, 2013 · 20 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. Annual General Meeting – Coastal Energy Co. – slide 1
    Annual General Meeting 18 June 2013 Coastal Energy Company 2013 All Rights Reserved
  2. Annual General Meeting – Coastal Energy Co. – slide 2
    Overview 2P Reserves of 144.3 mmboe; 3P Reserves of 196.1 mmboe Solid Reserve Base with Additional 10.0 mmboe of Contingent Resources Substantial Exploration Upside 30 identified prospects comprising 477 Mmbbls offshore prospective…
  3. Annual General Meeting – Coastal Energy Co. – slide 3
    Thailand Asset Overview Offshore Thailand Bua Ban North Booked 68 Mmbbl 2P in 2011; added 27 Mmbbl 2P at 12/31/2012 To test 70 Mmbbl of prospective resources in 2013 Bua Ban South Pilot fracking program was successful and two frac…
  4. Annual General Meeting – Coastal Energy Co. – slide 4
    Malaysia Asset Overview KBM Cluster Risk Service Contract (RSC) KBM Cluster Risk Service Contract Service contract signed in 2012 to develop the Kapal, Banang and Meranti offshore peninsular Malaysia Coastal holds a 70% working…
  5. Annual General Meeting – Coastal Energy Co. – slide 5
    Financial
  6. Annual General Meeting – Coastal Energy Co. – slide 6
    Track Record of Consistent Growth Production Growth EBITDA Growth 700 25,000 600 20,000 500 (US MM) (Boepd) 15,000 400 300 10,000 200 5,000 100 0 0 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012…
  7. Annual General Meeting – Coastal Energy Co. – slide 7
    Netback History 120.00 100.00 11.23 Pre-Tax Offshore Netbacks ( / bbl) 8.49 21.26 80.00 28.94 5.97 60.00 3.68 19.41 40.00 20.96 73.34 1.50 63.96 20.00 11.16 45.09 29.42 15.97 0.00 2008 2009 2010 2011 2012…
  8. Annual General Meeting – Coastal Energy Co. – slide 8
    Facilities Purchases Lowering Opex per Barrel 35.00 30.00 Offshore Operating Expenses ( / bbl) 25.00 20.00 15.00 28.94 10.00 21.26 5.00 0.00 2011 2012 Production expense During 2012, the Company purchased…
  9. Annual General Meeting – Coastal Energy Co. – slide 9
    Industry Leading F&D Costs F&D Cost (/boe) (Including Facilities CapEx) F&D Cost (/boe) (Excluding Facilities CapEx) 7.00 5.00 6.81 4.90 6.80 4.80 4.66 4.70 6.60 F&D Cost (/boe) F&D Cost (/boe) 4.60 6.40 6.33 4.50 4.40…
  10. Annual General Meeting – Coastal Energy Co. – slide 10
    Offshore Thai Taxes Coastal became a cash taxpayer in Thailand for the first time during 2012 The Company paid USD 65MM in Q3 2012 as its estimate of 50% of Petroleum Income Tax (PIT) for 2012 Coastal paid an additional USD 73MM in…
  11. Annual General Meeting – Coastal Energy Co. – slide 11
    Shares at Discount to 2P NAV 25.00 2.08 20.00 0.00 15.00 21.59 10.00 15.58 5.00 0.00 Net Asset Value Share Price Offshore 2P Onshore 2P AGM Presentation June 2013 12
  12. Annual General Meeting – Coastal Energy Co. – slide 12
    Balance Sheet Information As of June 10, 2013 113,604,820 shares outstanding 117,141,943 fully diluted shares outstanding Fully diluted market capitalization of approximately USD 1.9 billion Debt of USD 100 million Cash…
  13. Annual General Meeting – Coastal Energy Co. – slide 13
    Operations
  14. Annual General Meeting – Coastal Energy Co. – slide 14
    Substantial Organic Reserve Growth 800 144 Mmboe 2P reserves at 12/31/2012 (84% oil/offshore, 53% 1P)* 477.0 700 Near-term drilling program could result in significant additional uplift *Per RPS Energy, Ltd. Reserve evaluation as of…
  15. Annual General Meeting – Coastal Energy Co. – slide 15
    Large Prospective Resource Inventory Prospective resource inventory of 477.0 Top 5 prospect areas comprise 84% of total mmbbl recoverable offshore Thailand (3.4x resource inventory (400.7 mmbbl) existing 2P asset base) Numerous…
  16. Annual General Meeting – Coastal Energy Co. – slide 16
    Exploration Overview Prospective resource inventory of 477.0 mmbbl Substantial prospective resources to be tested in 2013 Bua Ban Terrace 87.9 mmbbl (recoverable) Benjarong South 125.6 mmbbl (recoverable) Additional exploration…
  17. Annual General Meeting – Coastal Energy Co. – slide 17
    Songkhla Basin Miocene Trend A A AGM Presentation June 2013 18
  18. Annual General Meeting – Coastal Energy Co. – slide 18
    Preliminary Results of New 3D Seismic Stratigraphic Pinch-outs 4-way Fault Closures Fractured Basement Fractured Basement AGM Presentation June 2013 19
  19. Annual General Meeting – Coastal Energy Co. – slide 19
    New Plays Along Basin Margins Terrace Play Miocene Ramp Play Bua Ban North Songkhla A Oligocene Strat Play Original 3D Limit Asri Sub-Basin, Indonesia 300 MMBO in basin margin ramp/strat play AGM Presentation June…
  20. Annual General Meeting – Coastal Energy Co. – slide 20
    Bua Ban South Pilot Fracturing Program Bua Ban South A-01 and A-03 were successfully fracked in Q113 A-01 A-03 Interval Lower Oligocene Eocene Stabilized IP Rate (bopd) 450 bopd 1,450 bopd EUR (mmbbl) 0.19 0.39 Pretax IRR ( 100 /…

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