5th Annual Australian and NZ Citi investment conference 30 October 2013 1
Overview 3
Beach Energy Is a. Safety, people and environment first company Global oil and gas explorer and producer with unrivalled cash generation amongst its peer group Prudent portfolio manager Will seek to. Deliver consistent superior…
Company overview Key global operations ASX 100 company with a market cap A1.7 billion Largest Cooper Basin oil producer, sixth largest in Australia Strong balance sheet with cash of 402 million* Undrawn secured debt facility of…
Cooper Basin acreage Prolific gross acreage position of over 56,000 square kilometres 6
Actual and forecast production Q1 FY14 9.3 MMboe Record total revenue of to 270 million 8.7 MMboe Record net oil production of 8.0 MMboe 1.3 MMbbl 7.5 MMboe Gas* Record net oil sales volumes of 6.6 MMboe 4.8 MMboe to 4.5…
Sources and uses of funds FY14/FY15 FY14/FY15 402 million cash on hand 1600 Sources and uses of funds* Secured 320 million debt facility 1400 FY13 full year dividend up 22% Undrawn 1200 facilities and Fully funded FY14/FY15…
FY14 Capital expenditure guidance Expected reserves Seismic Capex additions Wells ( million) 2D km 3D km2 MMboe DEVELOPMENT Cooper Basin non-SACB JV 60 65 10 13 Cooper Basin SACB/SWQ JV 175 200 35 45 International 10 15 6…
Reserves and contingent resources 2P: 93 MMboe 2P and 2C: 542 MMboe Gas and gas liquids Unconventional 71 MMboe Gas and gas liquids 2P reserves 319 MMboe 93 MMboe Oil 22 MMbbl Conventional Gas and gas liquids 113 MMboe…
Australian east coast gas market 11
Prolific acreage strategically located Beach is well placed to supply gas to Eastern Australia 12
Eastern Australian gas markets Strong predicted growth in Eastern Australian gas and Asian LNG demand Gladstone based export LNG projects have transformed the east coast gas market Projected gas supply is tight and demand strong The…
Upstream and downstream dynamics Equity molecules to equity projects Suppliers creating new markets via downstream investments Vertical integration driven by both domestic and export opportunities Depending on volume and…
Gas pricing then and now Traditional gas pricing A price with CPI escalation and periodic price re-openers New gas pricing paradigm Clear shift to oil-linked pricing Driven by export opportunities Potential for hybrid pricing:…
Recent gas related transactions Origin Gas Sales Agreement: Signed April 2013 High value opportunities 139 PJ over eight years, potential to extend to 173 PJ over ten years PEL 106B SACB JV raw Gas Sales Quality counterparties…
Key commercialisation initiatives Cooper Basin: Conventional; Delhi Petroleum (wholly owned Beach subsidiary) PEL 106B gas and gas liquids Nappamerri Trough Natural Gas; PEL 218/ATP 855 activities Various potential development…
The Cooper Basin 18
Cooper Basin acreage 19
The Cooper Basin Prolific acreage position Main oil and gas production, reserve and resource contributor to Beach Largest onshore gas producing province in Australia Australias third largest oil producing basin Established…
SACB JV and SWQ JVs 21
SACB JV and SWQ JVs Significant 20.21% in the South Australian Cooper Basin Joint Venture (SACB JV) and 20-40% in the South West Queensland JVs (SWQ JVs) Gross area covered by various joint ventures 26,800 km2 (6.6 million…
Moomba processing facility Strategically located expandable facility Moomba facility cumulative gross production to date of 6 Tcf Current daily capacity approximately: 300 TJ gas 35 kbbl oil/condensate 600 tonnes LPG Substantial…
SACB JV gas growth project Multi-well pad drilling, with four rigs expected to be operating by 2014 SIMOPS approach to drilling, completions and connections Production costs reduction target of 30%, to 9/boe, by 2015 30%…
SACB JV unconventional program SACB JV increasing focus on unconventional potential near Moomba Net capex of 32 million planned for FY14 REM play Moomba-191 vertical well fracture stimulated over three stages and producing…
Nappamerri Trough Natural Gas 26
Nappamerri Trough Natural Gas Sizeable footprint of 800,000 acres for PEL 218 and ATP 855 Significantly underexplored area off-structure Off-structure drilling has delivered: Gas saturated sections 1,000 metres Gas flow from all…
NTNG wells and proposed timeline Note: Timeline subject to third party equipment delivery, weather and joint venture and regulatory approvals 28
NTNG look back and look forward Confirmation of resource Vertical and horizontal Pilot production Pilot development potential exploration phase appraisal phase implementation 2010-2012 2012-2014 2014-2015 2015-2016 Determine…
Western Flank 30
The Western Flank Key facts High net back for oil and wet gas Quick drill and tie-in High flow rates Excellent understanding of the geology Established infrastructure 1,200 km2 of 3D seismic FY14 targets Net production target in…
Average Western Flank net production (Month to date) Last six months in excess of net 10,000 boepd from the Western Flank 32
International 33
International operations Romania Provides long-term growth Offshore oil and gas options First well spudded August 2013 Targeted and disciplined Favourable fiscal regime approach to key attributes: Egypt Technical Production…
Egypt Country status Recent history of political volatility and unrest Business as usual from an operations standpoint Growth potential Targeting 20+ MMbbl oil prospects El Salmiya-2 discovery estimated by operator at 18.5 MMbbl…
Tanzania Lake Tanganyika South Block Farm-out process commenced South block area 7,200 km2 Natural oil seeps indicate a working petroleum system 2,080 kilometre 2D seismic survey completed in August 2012 Extensive structuring…
Romania Beach 30%, PetroCeltic 40% and operator, Petromar 30% 01RX Cobalcescu South well spudded August 2013 3D seismic coverage Water…
Appendices 38
Bonaparte Basin Underexplored with conventional and unconventional targets 39
Otway Basin Existing infrastructure and history of producing fields 40
Exploration and appraisal cross section 41
Well summary PEL 218 Total Depth Gas Saturated section Stimulation Peak flow rate Well (metres) (metres) stages (MMscfd) Holdfast- 1 3,497 600 7 2 Encounter- 1 3,616 600 6 2.1 Moonta- 1 3,810 1,000 10 2.6 Streaky-1 3,821 1,000 9…
Well summary ATP 855 Total Depth Gas Saturated section Stimulation Peak flow rate Well (metres) (metres) stages (MMscfd) Halifax- 1 4,266 1,300 14 4.5 Hervey- 1 4,269 1,500 12* Feb-14 Geoffrey-1 TBC TBC TBC TBC Redland-1 TBC…
Chevron transaction summary Subject to joint venture approvals, the key work program elements envisaged across the two permits involve an initial exploration program to be followed by pilot production programs PEL 218 potential…
Contact Information Head office 25 Conyngham Street Glenside SA 5065 Tel: +61 8 8338 2833 Fax: +61 8 8338 2336 Website: www.beachenergy.com.au Chris Jamieson General Manager Investor Relations Tel: +61 8 8338 2833 Mob: +61 8…
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