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Jefferies and Company Conference – Aurora Oil & Gas Ltd.

Aurora Oil & Gas Ltd. · Nov 28, 2012 · 22 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. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 1
    Aurora Oil & Gas Limited Jefferies 2012 Global Energy Conference November 29, 2012 0
  2. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 2
    Overview of Aurora Oil & Gas Perth, Australia headquartered E&P company CEO, COO and most operational staff based in Houston, Texas Founded in 2005 - listed on both the ASX and TSX (now in the ASX 100 index) Stock symbols AUT.AU and…
  3. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 3
    Pure Play Eagle Ford Producer Sugarkane field Working Interests range from 28% 36% in Karnes County and 9.1% in Atascosa. Concentrated and contiguous 77,000 gross and 19,300 net acres principally in Karnes County, TX. 2012 exit…
  4. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 4
    Sugarkane Infrastructure Centralized processing facilities nine now operational across the field. Scalable capacity for future production profile Large 3rd party gas and oil lines presently under construction - considerable…
  5. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 5
    Oil and Condensate Driven Capital Program Sugarkane Field 2012 Upstream capital focused on drilling the leases to held by production status HBP 85% of leasehold now HBP End Q3 there were 173 gross and 40 net wells on production (205…
  6. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 6
    Marathon: Experienced partner committed to development The Eagle Ford is the top basin we have in the world todaywe love the geology. Q4 11 Marathon Oil Conference Call Auroras Sugarkane acreage is operated by Marathon, a S&P 500 energy…
  7. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 7
    2012 Operational Summary Operational activity during 3rd quarter 56 gross wells spudded 45 gross wells commenced production Production performance during 3rd quarter Average gross production rate for Q3 2012 of approximately 12,500…
  8. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 8
    Pilot Program status Q4 activity Additional activities include: Production Logging Micro Seismic High rate well test Four wells at 40 acre planned Tracer monitoring Four wells at 40 acre spacing - producing spacing drilling or…
  9. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 9
    Unsaved Document / 15/08/2011 / 15:28 Financial overview 12
  10. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 10
    Quarterly Financial summary Selected financial data Revenue (1) EBITDAX (2) (US in thousands) (US in thousands) 85,483 49,916 57,493 39,567 31,639 27,932 23,187 21,378 17,570 7,280 13,241 13,948 9,292 3,009 Q1 Q2 Q3 Q4 Q1…
  11. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 11
    Quarterly Results Trend 90 Revenue EBITDAX 80 Royalties 70 Production and Operating Expenses (incl Sales Taxes) G&A 60 US MM 50 40 30 20 10 0 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 14
  12. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 12
    Financial Liquidity USmillion Cash on hand 30 September 2012 143 Trade and other receivables 73 Trade and other payables (193) Pro forma 30 September 2012 net cash 23 Undrawn Revolver Facility 150 Financial Liquidity 30 September…
  13. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 13
    Hedging Profile Total Volume Swaps Zero Cost Collars Hedged WTI (1) LLS (2) WTI (1) BBL/D oil bbls hedged gross oil bbls hedged gross oil bbls Floor Cap gross hedged price value hedged price value hedged price Price value…
  14. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 14
    Key highlights 1 Pure Eagle Ford shale producer 2 Strong management team and experienced partner 3 Rapid production and reserve growth 4 Oil and condensate focused 5 Significant asset value with potential for accretive A&D and…
  15. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 15
    Unsaved Document / 15/08/2011 / 15:28 Appendix 18
  16. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 16
    Corporate summary Key Facts millions Fully Paid Ordinary Shares 448 Options on issue (varied prices) 5.5 Executive Performance Shares 1.2 Fully diluted Capital 455 September 30, 2012 pro forma working capital 23 Senior Unsecured…
  17. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 17
    2012 to end Q3 Development accelerates drilling of 123 new wells at the Sugarkane field during 2012 104 new gross wells producing year to date Production Average gross production rate YTD of approximately 8,600 boe/d (90% liquids)…
  18. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 18
    2012 to date continued Financial performance to Q3 2012: Increase from Q3 Increase Year to Date corresponding USmm from Q2 USmm period Revenue 85 50% 182 280% EBITDAX(1) (2) 50 60% 103 300% NPAT(1) (2) 16 60% 35 35%…
  19. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 19
    2012 Full Year Guidance Production Range (1) Estimated annual production (MMboe) of 3.7 4.1 gross, 2.8 3.0 net Estimated December month average production rate (boe/d) 17,300 19,100 gross, 12,800 14,100 net 2012 Guidance: PRIOR…
  20. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 20
    2013 Provisional Plans(1) Pilot Program Continue spacing and completion evaluation with further wells likely Continue evaluation of deeper horizons Carry out Austin Chalk pilot program on 60 acre spacing Drilling Schedule Marathon…
  21. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 21
    Financial summary Selected financial data Selected financial data Qtr Qtr Qtr Qtr 12 Months to (US in Thousands) Dec-11 Mar-12 Jun-12 Sep-12 Sep-12 PRODUCTION: Total net production (boe) - pre-royalty 391,645 438,726 761,124…
  22. Jefferies and Company Conference – Aurora Oil & Gas Ltd. – slide 22
    EBITDA/EBITDAX reconciliation(1) Nine months ended Three months ended Sep-12 Sep-12 Jun-12 Mar-12 Dec-11 US'000 US'000 US'000 US'000 US'000 Net earnings after tax 35,048 16,013 10,330 8,705 4,533 Adjustments: Share based payments…

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