GOOD OIL 2013 Focused on Setting New Records 3 September 2013
Drillsearch Energy Overview GOOD OIL 2013 Cooper Basin Oil and Gas Explorer and Producer Three business units: Key Data Oil Production, development and exploration Share Price (30 August 2013) (A/sh) 1.435 Wet Gas Production,…
A Pure Cooper Basin Explorer and Producer GOOD OIL 2013 3
2013 Financial Headlines A Year of Records GOOD OIL 2013 Change on 2013 2012 Reserves* 28.5 mmboe 157% Production 1.1 mmboe 173% Revenue 102.2 million 356% Reported NPAT 45.1 million 351% Operating cash flow 21.4 million…
Record 2P Reserves up 157% GOOD OIL 2013 2P Reserves growth driven by: Oil exploration and appraisal drilling success in PEL 91 Wet Gas drilling success and conversion of PEL 106A Resources to Reserves Outlook Additional…
Record Production up 173% GOOD OIL 2013 FY 2013 production growth driven by: FY 2014 Outlook: Start-up of Bauer-to-Lycium Oil Export Pipeline Production guidance of 2.3-2.5 mmboe: May 2013 Oil increase driven by oil export pipeline…
Record Sales Revenue up 356% GOOD OIL 2013 FY 2013 sales revenue driven by: FY 2014 Revenue will be driven by: Significant increase in oil production Anticipated oil & gas production increases New gas sales agreement with SACBJV…
Drillsearchs Growth Platform and Strategy GOOD OIL 2013 PROJECT AREA 2014 Oil Business Develop new oil discoveries Western Flank Oil, Inland-Cook and Accelerate 3D seismic-based exploration Eastern Margin Expand production…
Key factors driving investor interest in the Cooper Basin GOOD OIL 2013 Three key factors are changing the Cooper Basin and driving investor interest: Growth in Oil Production Oil exploration success in the Western Flank drives…
Oil Business Acreage GOOD OIL 2013 Rig 826 at Flax South-1 Key data Net acreage 12,000km2 FY 2013 775,374 bbls Production 10
Oil Business Driving Near-term Growth GOOD OIL 2013 Strategy Maintain material position in proven fairway sweet spots Systematic 3D seismic exploration focused on high success rates Maintain active continuous drilling program…
Wet Gas Business Acreage GOOD OIL 2013 PEL 106A Moruya-1 Key data Net acreage 4,200km2 FY 2013 Gas: 147,320 boe Production NGLs: 76,710 boe 12
Wet Gas Business Exploration & Commercialisation Potential GOOD OIL 2013 Strategy Maintain material position in proven fairway sweet spots Systematic 3D seismic exploration focused on high success rates Utilize unique capabilities…
Unconventional Business Acreage GOOD OIL 2013 ATP 940P South West Queensland Key data Net acreage 3,160km2 Mean Shale Gas: 24 TCF Recoverable Tight Gas: 8 TCF Prospective Deep CSG: under Resources evaluation 14
Unconventional Business Huge Potential Gas Resource GOOD OIL 2013 Strategy Targeting tight & basin centred & shale gas plays Programs proving the presence, prevalence and producibility Joint Venture to deliver commercialisation…
FY 2014 Work Program GOOD OIL 2013 Target continuous drilling Focused development in Drill, core, frac & test 4 wells program in Western Flank Northern Wet Gas in Central Unconventional Expand Western Flank 3D Connect Western Wet…
Active Drilling Program across all Business Units GOOD OIL 2013 2013 2014 2015 DLS Permit Operator Total % Sept Dec Mar Jun Sept Dec Mar Jun Q Q Q Q Q Q Q Q Oil Western Flank 40-60 BPT/SXY 15 Eastern Margin 40 STO 18 Wet Gas…
Investment Highlights GOOD OIL 2013 Pure Cooper Basin focus and investment leverage to market thematic Focused strategy has delivered consecutive years of strong growth Targeting additional growth in Reserves, production and cash…
Contact Information HEA D OFFICE LEVEL 16 55 CLARENCE STREET SYDNEY NSW 2000 PH: +61 2 9249 9615 FX: + 61 2 9249 9630 E: ADMINDRILLSEARCH.COM.AU W: WWW.DRILLSEARCH.COM.AU BRAD LINGO MANAGING DIRECTOR IAN BUCKNELL CHIEF FINANCIAL…
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