FY 2012 Results Financial Year 2012 Results Briefing Drillsearch Energy Delivering on a Focused Strategy 27 August 2012
Agenda 2 FY 2012 Results 1. Growth platform and strategy Brad Lingo 2. FY 2012 Overview Brad Lingo 3. FY 2012 Results Ian Bucknell 4. Outlook and work program FY 2013 Brad Lingo
Growth platform and strategy 3 FY 2012 Results NEAR TERM Deliver near-term growth through development of recent oil discoveries and expanding exploration of numerous Western Flank Oil targets High profit oil with short cycle…
Agenda 4 FY 2012 Results 1. Growth platform and strategy Brad Lingo 2. FY 2012 Overview Brad Lingo 3. FY 2012 Results Ian Bucknell 4. Outlook and work program FY 2013 Brad Lingo
FY 2012 Overview 5 FY 2012 Results 6 new oil discoveries 3 new wet gas discoveries Strategic shale gas JV with Significant increase in Foundation Gas Sales BG Group Reserves Agreements signed with BG invested 22M in New oil…
FY 2012 Overview Corporate Highlights 6 FY 2012 Results 34% uplift in 52% uplift to Inclusion to the Successful Reserves cash flow S&P/ASX All 50 million FYE 2012 Australian 200 Capital Raising 96% increase in 22% uplift in share…
FY 2012 Overview Reserves growth 7 FY 2012 Results 34% uplift in total 2P Reserves for FYE 2012 following: - Appraisal drilling and testing of PEL 91 oil discoveries - New discoveries from exploration and development drilling -…
FY 2012 Overview Reserves and Resources growth 8 FY 2012 Results 85% uplift in total 2P/2C Reserves and Resources following: - New Wet Gas discoveries at PEL 106B 6% increase in 2P/2C Reserves and Resources already delivered in…
FY 2012 Overview - Production 9 FY 2012 Results Total FY2012 production of 389,877 boe Annual Increase of 217% (FY11 123,034 boe) 22% better than FY2012 production guidance - Performance ahead of guidance primarily due to…
Agenda 10 FY 2012 Results 1. Growth platform and strategy Brad Lingo 2. FY 2012 Overview Brad Lingo 3. FY 2012 Results Ian Bucknell 4. Outlook and work program FY 2013 Brad Lingo
FY 2012 Results Financial Highlights 11 FY 2012 Results In the Black Net profit after tax 10.0m Net profit before tax 3.5m 100% Increase Significant In Gross Profit cash position Strong Balance Funded for the Sheet…
FY 2012 Results Profit Overview 12 FY 2012 Results Significant increase in FY 2012 Sales Revenue Positive EBIT and Profit after Tax result One-off income tax benefit in respect to deferred tax assets including PRRT FY 2012 Gross…
FY 2012 Results Operating Results 13 FY 2012 Results 100% increase to year-on- year gross profit as a result of: - Increased production - Improved average realised oil price - Successfully controlling operating and…
FY 2012 Results Cash position and funding 14 FY 2012 Results Significant cash reserves at close of FY 2012 Cash flow generated by operations increased 93% Proceeds from issue of equity shares to QGC utilised to fund significant…
FY 2012 Results Balance sheet 15 FY 2012 Results Strong net asset position with June June Delta Delta no external debt or borrowings 2012 2011 000 000 000 % Continued growth through expansion and investment in Cash and bank…
FY 2012 Results Funding 16 FY 2012 Results Completed 50 million Capital Raising Cash at 30 June 2012 45.6M - Cash post Capital Raising 95.6M Funds raised to: - Accelerate Western Flank oil production - Expand the Wet Gas Pilot…
Agenda 17 FY 2012 Results 1. Growth platform and strategy Brad Lingo 2. FY 2012 Overview Brad Lingo 3. FY 2012 Results Ian Bucknell 4. Outlook and work program FY 2013 Brad Lingo
Outlook and work program FY 2013 18 FY 2012 Results Bring new discoveries into Expand and extend Wet Gas Case and test Southern and production Pilot Project Western Cooper Development drilling targeting unconventional targets in…
Outlook and work program FY 2013 19 FY 2012 Results Drillsearch remains focused on high grading its large Cooper Basin acreage position Joint venture with high-quality partners in core projects that can deliver high-value…
FY 2013 production outlook 20 FY 2012 Results FY 2013 production guidance of 1.3 mmboe, a 215% increase compared to FY 2012 Increase is on the basis of: - Full year production in PEL91 and the Wet Gas Project - Increased…
FY 2012 Results Financial Year 2012 Results Briefing Appendix 27 August 2012
FY 2012 Results Financial Highlights 22 FY 2012 Results Financial Highlights June 2012 June 2011 Delta Delta % Sales Revenue (000) 22,409 14,436 7,973 55% Profit/(loss) after tax 9,979 (6,568) 16,547 n/m Production Volumes (boe)…
FY 2012 Results Operating Results 24 FY 2012 Results June 2012 June 2011 Delta Delta Production Volumes boe boe boe % Tintaburra (ATP 299P) 60,125 70,083 (9,958) -14% Western Flank Oil 24,944 84,452 (59,508) -70% Western…
FY 2012 Results Cash position and funding 25 FY 2012 Results June 2012 June 2011 Delta Delta 000 000 000 % Opening Cash 50,259 6,521 43,738 671% Cash generated by operations 10,175 7,339 2,836 39% Exploration and evaluation…
Strong Management Team and Board 26 FY 2012 Results Through FY 2012 the Company has been steadily building a robust technical and operational team capable of delivering on the large work program planned for FY 2013 Brad Lingo…
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