Company Overview Key Facts Track record of delivery Solid base from which to grow ASX200 E&P company 2P reserves of 66 MMboe A top ranked ASX200 E&P Contingent resource base of company based on oil and gas 293 MMboe production…
Company Strategy Consistent, targeted growth: Long-term cash flow, production and reserves Value driven investments Thinking ahead of the pack: Early entry, low risk, high return Participation in emerging technologies and…
Reserves & Resources 2P Reserves: 2P Reserves & Contingent 66 MMboe Resources: 359 MMboe Cooper / Eromanga Gippsland Egypt Gas Gas Liquids Oil 2P Reserves A solid and enviable base from which to grow 5
Recent Highlights 2009 record NPAT 260 million and production of 9.6 MMboe Continued exploration success in Cooper Basin, especially Western Flank: Eg: Butlers, Perlubie, Perlubie South and Chiton discoveries Burnside -1…
Cooper Basin Top Shelf Acreage Position Solid oil and gas production Ongoing exploration success Substantial long-term growth potential An emerging unconventional gas play 7
Cooper Basin Nappamerri Trough: PEL 218 Long term potential PEL 218 Farm-in: Beach has acquired a 90% interest from Adelaide Energy Beach has been issued 8 million shares in Adelaide Energy at 0.12 / share Beach to become the…
Cooper Basin Gas Future Gas Business Three main sources in addition to further conventional gas in the areas adjacent to Moomba: Shale gas Tight gas Deep coal gas An indication of the future: Shale gas in North America has…
Exploration Strategy Objective is a balanced portfolio: 60% low risk : 30% moderate risk : 10% high risk Timeframe and cost for maturation Equity participation Low to moderate risk candidates are generally in the vicinity of…
Exploration Opportunities Drill-Ready / Near-Drill-Ready Prospects: Approx. 100 MMboe August 2009 of drill-ready and 60 near-drill-ready Mean un-risked volumes MMboe (Beach share) prospects available 50 in the next few years 40…
International Ventures Strategy & Objectives Deliver new core production areas to Beachs portfolio within a reasonable timeframe Balance of mature to emerging hydrocarbon provinces: Focus on regions linked by geology or markets…
Egypt: Gulf of Suez Investment Rationale A very oily (and gas prone) region with new emerging plays and exploration upside Reasonable fiscal regime High deal flow and multiple entry opportunities: 3 license rounds per year…
Egypt: Gulf of Suez Long & Short Term Potential Beach 20% Experienced operators in BP and Dana Petroleum Three existing oil discoveries Highly prospective region Ongoing assessment of other opportunities 15
Egypt: Gulf of Suez North Shadwan Concession 2P reserves 2.2 MMbbl (Beach share) Three existing oil discoveries: NS 394 (Burtocal) NS 377 and 385 (Nearshore fields) First oil expected early CY10 Expected initial production…
Egypt: Gulf of Suez North Shadwan Concession Burtocal field: Discovered 2007 Potential recoverable oil approx. 5 MMbbl (Beach share) Further appraisal required before commerciality can be declared: Well to be drilled before…
Tanzania: Lake Tanganyika Long Term Potential Beach 100%* Finalisation of Petroleum Sharing Agreement (PSA) in FY10 Under-explored, emerging hydrocarbon province with high potential Significant industry success in nearby…
FY10 Outlook Production guidance of approx. 9.0 MMboe First oil from Egyptian Nearshore fields in North Shadwan block Key wells: Egypt : Teen-1 exploration well and Burtocal appraisal well A few other things for investors to…
What Could The Future Hold Base business developing existing reserves Convert contingent resources to reserves Ongoing (and material) exploration success Acquisitions and divestments New energy business opportunities…
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