Skip to main content MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited | Shale Experts
Loading...
Pm

MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited

Beach Energy Limited · Mar 12, 2007 · 38 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. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 1
    Beach Petroleum Limited Investors Presentation Reg Nelson Managing Director Hector Gordon Chief Operating Officer March 2007
  2. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 2
    Todays Topics Overview of Current Status Financial results - 1H FY 07 Operations Review Outlook 2
  3. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 3
    Australias Premium Mid-Cap E&P At over A1 billion market cap and over 100 mmboe 2P reserves, Beach is Australias premium mid-cap E&P company Australian Oil & Gas Mid Cap Companies by Mrk Australian Oil & Gas Mid Cap Reserves Cap*…
  4. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 4
    Company Attributes High quality, balanced portfolio of assets with solid reserves base Strong, long term cash flow potential Reserves:Production ratio of 10 years Proven value manager of assets Diversified portfolio geographic &…
  5. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 5
    Shareholder Return Shareholder Return 100% Total Shareholder Return 90% 80% 70% 60% 50% 40% 86.00% 30% 64.00% 50.00% 20% 35.00% 10% 0% 1yr 2yr 3yr 4yr 5
  6. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 6
    Corporate Structure Market Jan 2007 Top 62.32% of Issued Shares & Capitalisation Options ( shareholders % % % 1.20/share) 7% 1 .3 9 0 .4 7 0 .6 9 1 0.5 884.0 million ordinary 1.07 billion shares…
  7. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 7
    Key Revenue-earning Projects Cooper Basin: Oil, gas and liquids over 200 fields Long-term gas contracts Oil production forecast to increase 500 KM through Cooper Oil Project Moomba hub connects to eastern seaboard pipeline system…
  8. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 8
    Beach Petroleum Limited 1H - Financial Year 07 March 2007
  9. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 9
    Reserves -- 30 June 2006 Proved and Probable Reserves Area Gas 500 KM Oil Oil Liquids Sales Gas Equivalent (mmb) (PJ) (mmboe) (mmboe) MT ISA Cooper 11 7 298 70 GLADSTONE Gippsland 20 - - 20 70 PJ BALLERA MOOMBA JACKSON…
  10. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 10
    Production 1H FY 07 Net Production 1H FY07 Area 500 KM Oil Gas Liquids Oil Sales Gas Equivalent (mmb) (mmboe) (PJ) (mmboe) MT ISA Cooper- Beach 0.5 - - 0.5 GLADSTONE Cooper- Delhi 0.4 0.6 19 4.1 70 PJ BALLERA MOOMBA…
  11. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 11
    Sales & Revenue 1H FY 07 Production Sales Revenue Oil 0.9 mmb 0.8 mmb 66 million Gas / Gas Liquids 3.8 mmboe 3.9 mmboe 121 million 3rd Party - 0.7 mmboe 28 million Oil & Gas TOTAL 4.7 mmboe 5.4 mmboe 214 million 11
  12. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 12
    Strong Operating Profit Beach Delhi Total ( million) ( million) ( million) Gross Revenue (ex 3rd party) 38 149 187 Production Costs 14 76 90 Depn & Amort. 7 40 47 Operating Profit 18 38 56 Other Income/Expenses (2) 22 19…
  13. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 13
    Operations Review 13
  14. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 14
    Basker-Manta-Gummy Beach 50% Oil Reserves (gross) 1P: 13 mmb 2P: 39 mmb 3P: 77 mmb Contingent Resource (gross) Low 120 PJ & 4 mmb 24 mmboe Best 380 PJ & 19 mmb 80 mmboe High 820 PJ & 17 mmb 150 mmboe 14
  15. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 15
    Basker-Manta-Gummy Beach 50% Current Status Production Commenced 17 December. Higher than expected GOR (2,000 actual vs 1,200 expected). Jan-Feb Production averaged 10,000 bopd but building. Operational issues, primarily…
  16. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 16
    Basker-Manta-Gummy Beach 50% Status at 1 March Producing from Manta-2A, Basker 2, 3 & 5. Average rate in last week of Feb was 13,000 bopd. Gas being injected into Basker-4 (32 mmcfd) Medium term target 15-20,000 bopd Annual…
  17. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 17
    Basker-Manta-Gummy Beach 50% Development Plans Oil Up to 3 further Basker Wells addressing 15mmb of undeveloped 2P reserves Cost up to 300 million Drilling .. Basker-6 Late 2007 (remainder mid 2008) Online early 2008 Gas…
  18. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 18
    Basker-Manta-Gummy Beach 50% Development Plans Gas Gas Sales Agreement with Alinta for Tasmanian power generation 225 PJ over 15 years will underwrite gas development capex Aiming for Project sanction 2nd Quarter 07 - startup 2009…
  19. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 19
    Cooper-Eromanga Basins Bodalla Block Beach 100% Naccowlah Block Christies/Sellicks CB JVs Beach 38.5% Beach 75% Beach 21% Oil to Brisbane 19
  20. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 20
    Cooper-Eromanga Basin: Highlights Highlights -- 1H FY07 13 Exploration Wells drilled Yanda/Wackett (38% Success Rate) 10 wells Callawonga Callawonga Oil Discovery Online in Nov 1,000 bopd (net) Reserves 1 mmb (net) Cooper Oil…
  21. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 21
    Cooper-Eromanga Basin: Strong Profitability High Netback Oil Production 0.9 mmb produced in 1H FY 07 (approx. 50% from Beach-operated and 50% from Santos-operated) A/bbl Oil Price 60.00 75.00 90.00 Production 16.00 16.00…
  22. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 22
    Cooper Oil Program (COP) Development & Appraisal Program operated by STO in existing oil fields Beach Equity 25% (but 38.5% of Naccowlah Block) 700 mmb OOIP in Cooper Basin Recovery from existing wells 200 mmb (28%) Aim to…
  23. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 23
    COP NETBACK SENSITIVITY ANALYSIS COP economics are robust with prevailing oil prices Netback AUD/bbl AUD/bbl Oil Price 60.00 75.00 90.00 (*USD46.80) (*USD58.50) (*USD70.20) 35 Finding & 22.00 22.00 22.00 30 Development 25 Netback…
  24. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 24
    Cooper-Eromanga Basin Cooper Oil Project Naccowlah Block-(Beach 38.5%) 24 wells 13 Exploration 7 Appraisal 4 Development Programme commenced March 2007 Cost 21 million (net) Expected Reserves 1 mmb (net) Expected Initial…
  25. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 25
    Tipton West Coal Seam Gas Beach 40% Proved & Probable (2P) reserves: 174 PJ Proved, Probable & Possible (3P) Reserves: 2,300 PJ Close to markets & pipelines High Exploration Potential 25
  26. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 26
    Tipton West Coal Seam Gas Beach 40% Phase 1 Development 82 wells Development Drilling Completed Gas Sales Commenced in February Target Rate 30 TJ/day Exploration Potential Taroom Coal Measures Dalby South Block Corehole…
  27. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 27
    High Reward Exploration Carnarvon (BPT 10%) Hurricane-2, Q2 07 Target 40-50 mmbbl oil potential Offshore Otway Basin (BPT 50%) 3D Seismic Q1 07 Hurricane-2 Target 1 TCF gas potential Drill FY 07 Production Testing Glenaire-1…
  28. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 28
    Offshore Carnarvon Basin - Oil Hurricane-2 Hurricane-1 Beach 10% Hurricane-2 Up to 40mmb recoverable (proposed) below gas cap Hurricane-1 Extent of Proven Gas ( 30 bcf) 28
  29. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 29
    Offshore Otway Basin - Gas Beach 50% Casino Gas Field Target size: approx. 1 TCF gas Approx. same scale Fermat Prospect 29
  30. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 30
    Offshore NZ: Large Gas Liquids Potential Lightly explored Sub-commercial gas/condensate discovery (Galleon-1) Significant upside potential Barque Barque Prospect potential for 6 TCF of gas + 500 million barrels of…
  31. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 31
    Geothermal Exploration 31
  32. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 32
    Beach Petroleum Limited Outlook March 2007
  33. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 33
    Production Cooper Oil Program expected to build oil production significantly from 2008-2010 Beach-operated Cooper oil expected to continue to produce at 1mmbbl p.a. or better over the next 3-5 years - with good likelihood of continued…
  34. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 34
    Exploration Good medium to long term potential for low risk exploration in Cooper region Potential discoveries at Glenaire (onshore Otway) and Champagne Creek (Surat) Offshore Carnarvon Hurricane play could have significant follow-up…
  35. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 35
    Value per boe Beach trades in the bottom third of its peers on /boe Value per BOE 60 53.6 50 40 36.9 AUD/boe 31.5 31.3 30 25.1 20.5 20 12.4 11.6 10 7.6 5.2 0 AED ROC ARQ NDO AZA AWE BPT TAP AOE QGC 35
  36. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 36
    Significant upside potential Beach has upside exposure to c.65mmboe of additional reserves in existing projects/developments 36
  37. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 37
    Significant Coal Seam Gas Potential Post shelving of PNG gas project, there is strong focus on companies with coal seam gas (CSG) assets Focus has been mainly on pure CSG companies (QGC, Arrow, etc) Beachs 40% interest in Tipton…
  38. MARCH 2007 INVESTORS PRESENTATION – Beach Energy Limited – slide 38
    What Sets Beach Apart Reserves Base At top of mid caps Stable mix of oil, gas & liquids Geographic spread offshore & onshore Long life production potential (10 years reserves:production ratio) Attitude Commitment to reward…

From the store

Browse maps, data & reports in the Shale Experts store