6 March 2013 Company Announcements Platform Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 By e-Lodgement COMPANY PRESENTATION MATERIAL Please find attached to this document a copy of the presentation slides…
Investor Presentation March 6, 2013
Non-IFRS Financial Measures References are made in this presentation to certain financial measures that do not have any standardized meanings prescribed by International Financial Reporting Standards (IFRS). Such measures are neither…
Disclosure of Reserves; Defined Terms The reserves shown in this presentation are estimates only and should not be construed as exact quantities. Proved reserves are those reserves which can be estimated with a high degree of certainty to…
Key Highlights Pure Eagle Ford Shale producer Rapid production, revenue and profit growth Oil and condensate focused growth in reserves Strong management team and experienced partner Significant asset value Fully…
Eagle Ford Focused First mover on highly contiguous 77,000 gross (19,100 net) acres in the Sugarkane field - Karnes 82% Liquids(1) County, TX Sugarkane operated by Marathon Oil 2012 Quarterly Production Growth Current acquisition…
2012 Results at a Glance(1) 320% EBITDAX(2) 274% Production 12% EBITDAX Per BOE (2) 92% Net Profit after Tax 251% Funds from Operations(2) 300% Net Wells on Production (1) Year over year increases from December 31, 2011 to…
Premier Position Low risk, repeatable Eagle Ford inventory Sugarkane field 789(1) gross proved wells on predominantly Aurora Oil & Gas (2) ConocoPhillips Marathon Oil 80 acre spacing EOG Resources Murphy Oil Pilot program…
Return Focused Capital Program Beyond Eagle Ford Development and Efficiencies Drilled Leases to HBP Status Capital Beyond 2013 90% leasehold HBP 216 gross and 50 net wells 2013 Broad, low risk, scalable infill producing…
2012 Operational Gross Well Status December 2012 Summary Sugarloaf Longhorn Ipanema Excelsior Total (28.1%) (31.9%) (36.4%) (9.1%) 4th Quarter Producing 57.0 92.5 6.0 60.0 216.0 Stimulation Underway - 4.0 - 4.0 8.0 Operational…
Extensive Pipeline Infrastructure Centralized processing facilities nine operational across the field Scalable capacity for future production profile Large 3rd party gas and oil lines presently under construction - considerable…
Pilot Program status Additional activities include: Production logging Micro seismic High rate well test producing Tracer monitoring Well orientation Four wells at 40 acre Four wells at 40 acre spacing - producing spacing…
Reserves pre March 13 acquisition Net Proved Reserves at Year-End 2012 Oil Condensate NGLs Nat Gas Equivalent Type (mmbbl) (mmbbl) (mmbbl) (mmcfe) (mmboe) Proved Developed 5.7 3.5 3.0 22.3 15.9 Proved Undeveloped 17.4 11.9 10.7…
Eagle Ford Infill Opportunities(1) Well Spacing 80 660 between wells acre 10,000 12,000 vertical 60 acre 500 between wells 175 EAGLE FORD 40 330 between wells acre 330 500 40 ac (1) For illustrative purposes only.…
Austin Chalk Horizontal Potential(1) Well Spacing 80 660 between wells 9,650 11,650 vertical acre 160 AUSTIN CHALK 60 acre 500 between wells 175 EAGLE FORD 40 330 between wells acre 330 500 40 ac (1) For…
Marathon: An Experienced Partner Auroras Sugarkane acreage is operated by Marathon, an S&P 500 energy company Since Nov 11 Marathon has agreed US5.5 billion of acquisitions in the Eagle Ford Marathon increased its 2013 Eagle…
Eagle Ford Acquisition Heard Ranch & Axle Tree US117.5mm purchase price(1) 1,620 net boe/d in December 2012 100% Operated interest in 2,700 acres offers AXLE TREE - 100% 1,138 gross and net acres development control 6 gross spuds…
Heard Ranch & Axle Tree Development Operational 1,600 boe/d from 11 producing wells in December 2012 Acquisition includes vendors corresponding interests in facilities Major US service providers to be used for drilling and fracture…
Heard Ranch & Axle Tree accretive growth Acquisition enhances Auroras unique position as a substantial and rapidly growing North American resource player, leveraged to liquids rich Eagle Ford Shale 1 Strengthens Auroras position in…
Financial overview
Framework for Growth Net Profit After Tax (USmm) Revenue(1) (USmm) +40% CQGR + 42% CQGR Q4'12 23.8 Q4'12 112.5 7% Residue Gas Q3'12 16.0 Q3'12 85.5 38% NGLs and Natural Gas Q2'12 10.3 Q2'12 54.3 Q1'12 8.7 Q1'12 39.5 1)…
Netbacks and Netbacks Commodity Mix Operating Netback US46.72/boe NPAT US15.06/boe EBITDAX US42.85/boe NGL Gas 6% 4% NPAT/ boe 90 Cond 80 Revenue and other income/ boe 26% Revenue 70 19.86 Royalty Oil 64% 60 US /…
Financial Liquidity US222 million December 31, 2012 US mm Cash on hand 68 Trade and other receivables 90 Trade and other payables (181) Working capital (23) Revolving credit facility (RBL) availability (1) 245 Pro forma…
Outlook Oil and Condensate Capital Program Guidance to be provided on expanded portfolio during March 2013 Operations Total program expected to exceed earlier indicated 35-40 net wells oil and condensate focus Drilling program to…
Key Highlights Pure Eagle Ford Shale producer Rapid production, revenue and profit growth Oil and condensate focused growth in reserves Strong management team and experienced partner Significant asset value Fully…
Appendices
Corporate Summary Key Facts millions Fully paid ordinary shares 448 Options on issue (varied prices) 6.3 Executive Performance Rights (1) 3.1 Fully diluted capital 456 Cash Balance - December 31, 2012 US 68 Senior Unsecured Notes…
2012 Development & Infrastructure Development Drilling at Sugarkane 160 wells spudded 216 wells tied in and on production (50 net) Acreage effectively held by production (90%) Spud to spud times improved by 10 days from Jan 2012 to…
2012 Balance Sheet Introduction of debt for development as production increased 9.875% Senior unsecured notes issued US365mm due Feb 2017 Year end secured reserve based revolving credit facility of US150mm, undrawn amount of US120mm…
Acquisitions Completed in 2012 Acquisition criteria: WI Post Ability to conservatively fund acquisition price and WI Pre 6% Sugarloaf WI Post future development profile Acquisitions AMI Eureka Value accretive without materially…
2012 Summary Development accelerates Spudded 160 new gross wells at the Sugarkane field during 2012 148 new gross wells producing (plus 2 farmout wells completed payout) giving a total increase of 38.5 net producing wells.…
2012 Full Year Performance Production Range Guidance Previously Provided(1) Annual production (mmboe) of 3.9 gross / 2.9 net vs. guidance of 3.7 4.1 gross/ 2.8 3.0 net December production (boe/d) 18,800 vs. est. 17,300 19,100 gross,…
2012 Monthly Production Growth 2012 Avg. Rate: 2012 Exit Rate: 10,678 boe/d gross 18,800 boe/d gross 7,865 boe/d net 13,850 boe/d net www.auroraoag.com.au TSX: AEF ASX: AUT 35
EF focus - condensate and volatile oil windows AMI WI Gross Acres Net Acres Sugarloaf 28.1% 24,300 6,700 Longhorn 31.9% 28,100 9,000 Ipanema 36.4% 4,500 1,600 Excelsior 9.1% 20,200 1,800 Total* 77,000 19,100 *Totals may not…
Pad drilling - seeking further efficiencies Majority of drilling now from pads where multiple wells are drilled from the same surface location. Opportunities for reduced capex (per lateral length) and opex via development and…
Strong management team Board of Directors Executive Chairman Jon Stewart Years in industry: 20+ Finance Director Technical Director Non-Exec Director Non-Exec Director Non-Exec Director Non-Exec Director Graham Dowland Ian Lusted…
Financial Summary Selected financial data Qtr Qtr Qtr Qtr 12 Months to (US i n thous a nds ) Ma r-12 Jun-12 Sep-12 Dec-12 Dec-12 PRODUCTION: Tota l net producti on (boe) - pre-roya l ty 438,726 761,135 1,152,981 1,555,483…
EBITDA/EBITDAX Reconciliation(1) Twelve months ended Three months ended Dec-12 Dec-12 Sep-12 Jun-12 Mar-12 US'000 US'000 US'000 US'000 US'000 Net profit after tax 58,846 23,798 16,013 10,330 8,705 Adjustments: Share based payment…
Funds from Operations Reconciliation(1) Twelve months ended Dec 31, 2012 Dec 31, 2011 US'000 US'000 Net profit after tax 58,846 30,584 Add/(less) non-cash items Depletion, Depreciation and amortisation expense 39,161 4,367…
Hedging Profile Total Volume Swaps Zero Cost Collars Hedged WTI (1) LLS (2) WTI (1) bbl/d Oil hedged Hedge price Gross value Oil hedged Hedge price Gross value Oil hedged Floor price Cap price Gross value (mbbls) US/bbl USmm…
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