2012/13 Half Year Results Ian Davies, Managing Director and CEO Andrew Price, Chief Financial Officer 25 February 2013
Agenda H1 2012/13 Performance Ian Davies Managing Director and CEO H1 2012/13 Financials Full year 2012/13 Outlook 3
Excellent half year performance Operations Record oil production of 660,136 barrels 80% success rate with oil exploration, appraisal A track record and development drilling of delivery Reducing operating costs eg. oil pipelines 2P…
A growing and sophisticated business 63 permits 14 operated oil fields 44 joint ventures 72,969 km2 net acreage 5
Coal seam gas: 2P and 3P reserves upgraded by over 13% Net reserves: 2P reserves 156.6 PJ 3P reserves 357.7 PJ 598 PJ of reserves and resources (102.8 mmboe) Located in the Gladstone LNG feedstock heartland Intensifying interest…
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Oil: Record production and drilling success Production: Net production of 660,136 barrels, up 70% on previous six months Average daily production over 3,500 bopd net to Senex Development: Five successful wells extend the Snatcher…
Unconventional gas: Significant potential An active program: Fracture stimulation at Sasanof-1 Large scale fracture stimulation program has commenced Targeting material contingent resource after hydraulic fracture stimulation…
Unconventional gas: Fracture stimulation program underway Kingston Talaq-1 Hornet-1 Skipton-1 Rule-1 Fracture stimulation zone A B 10
Unconventional gas: Focused on tight gas sands, deep coals and shale Well Fracture stimulation stages * Data and implications 7 stages in the Patchawarra tight Gas flow to surface will prove basin-centred gas sands Skipton-1 tight…
Agenda H1 2012/13 Performance Andrew Price Chief Financial Officer H1 2012/13 Financials Full year 2012/13 Outlook 12
Excellent performance on all key metrics million 31 Dec 2012 31 Dec 2011 Change Revenue 77.3 25.1 208% Strong profit result Gross profit 40.7 11.0 270% Record oil production NPAT1 23.4 2.0 1,070% High margin oil sales and strong…
Strong cash position and no debt Movement in Net Assets 450 29.8 400.3 400 15.2 55.4 350 299.9 300 Successful Working capital 250 appraisal and movements and million development increase in cash wells at Snatcher,…
Continually driving down operating costs Unit Operating Cost million 31 Dec 2012 Revenue 40.0 Oil Revenue 72.0 Other Revenue 5.3 77.3 30.0 Cost of Sales Operating costs (27.1) /bbl Amortisation (9.5) 20.0 (36.6) Gross Profit…
Agenda H1 2012/13 Performance Ian Davies Managing Director and CEO H1 2012/13 Financials Full year 2012/13 Outlook 16
Positioned for accelerated growth Oil Western flank oil fields: increasing success rates and decreasing operating costs Fuelling future growth Optimisation of non-western flank, mature oil fields 3D seismic programs to drive oil…
Oil: Production will exceed one million barrels for 2012/13 Annual oil production (net) 1,200,000 2012/13 oil production target of one million net barrels will be exceeded 1,000,000 Full year contribution from western flank oil…
Oil: 3D seismic identifying the next generation of prospects and drilling targets Mollichuta and Cordillo (275 km2 + 790 km2) Prospects Drilling Lignum (305 km2) Prospects Drilling Dundinna (1,000 km2) Survey Prospects…
Oil: 3D seismic targeting the western flank oil fairway 20
Unconventional gas: Building momentum Fracture stimulation Exploration Appraisal Pilot Testing program underway Focus on southern permit Resource definition Deliverability Commerciality PEL 516, with initial Southern Cooper Basin…
CSG: Continuing reserves build and value add Exploration and appraisal to build 2P reserves and enhance resource definition 11-well program across eastern and western permits Field development planning, targeting pilot…
Positioned for success 2012/13 oil production target of one million net barrels will be exceeded Material oil reserves upgrade at full year following exploration success and extensions to existing oil fields Operating costs…
Registered Office Telephone Level 14, 144 Edward Street +61 7 3837 9900 GPO Box 2233 Email Brisbane Queensland 4000 Australia infosenexenergy.com.au
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