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MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited

Beach Energy Limited · Mar 12, 2007 · 31 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 INVESTOR 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 INVESTOR PRESENTATION – Beach Energy Limited – slide 2
    Todays Topics Overview of Current Status Financial results - 1H FY 07 Operations Review Outlook 2
  3. MARCH 2007 INVESTOR 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 Beach is in the top tier of mid cap Australian E&P with nearly double the reserves of the…
  4. MARCH 2007 INVESTOR 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 INVESTOR 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 INVESTOR 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 INVESTOR 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 INVESTOR PRESENTATION – Beach Energy Limited – slide 8
    Beach Petroleum Limited 1H - Financial Year 07 March 2007
  9. MARCH 2007 INVESTOR 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 INVESTOR 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 INVESTOR 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 INVESTOR PRESENTATION – Beach Energy Limited – slide 12
    Profit & Loss 1H FY 07 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 INVESTOR PRESENTATION – Beach Energy Limited – slide 13
    Operations Review 13
  14. MARCH 2007 INVESTOR 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 & 9 mmb 72 mmboe High 820 PJ & 17 mmb 150 mmboe 14
  15. MARCH 2007 INVESTOR 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 INVESTOR PRESENTATION – Beach Energy Limited – slide 16
    Basker-Manta-Gummy Beach 50% Status at 1 March Producing 18,500 Bopd from Manta-2A, Basker 2, 3 & 4 Gas being injected into Basker-4 (32 mmcfd) Medium term target 15-20,000 bopd Annual OPEX 75 million Beach has RRT Credits of…
  17. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 17
    Basker-Manta-Gummy Beach 50% Project Development Plans Oil Up to 3 further Basker Wells addressing 15mmb of undeveloped 2P reserves Cost 250 - 300 million Drilling .. Basker-6 Late 2007 (remainder mid 2008) Basker-6 online…
  18. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 18
    Basker-Manta-Gummy Beach 50% Development Plans Gas Aiming for Project sanction 2nd Quarter 07 Drill up to 3 wells in Manta & Gummy Fields in 2008 Gas Pipeline to Shore Gas Processing Facility (prob offshore) Cost 500…
  19. MARCH 2007 INVESTOR 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 INVESTOR PRESENTATION – Beach Energy Limited – slide 20
    Cooper-Eromanga Basin 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 Project…
  21. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 21
    Cooper Oil Program 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 increase…
  22. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 22
    Cooper-Eromanga Basin COOPER OIL PROJECT BEACH NETBACK ANALYSIS A/bbl Oil Price 60.00 75.00 90.00 Finding & Devlt 22.00 22.00 22.00 Production Costs 10.00 10.00 10.00 Royalties 13.00 20.00 27.00 Netback 15.00 23.00 31.00…
  23. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 23
    Cooper-Eromanga Basin Cooper Oil Project Naccowlah Block-(Beach 38.5%) 24 wells 13 Exploration 7 Appraisal 4 Development Programme commences March 2007 Cost 21 million (net) Expected Reserves 1 mmb (net) Expected Initial…
  24. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 24
    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 24
  25. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 25
    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…
  26. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 26
    High Reward Exploration Carnarvon (BPT 10%) Hurricane-2, Q2 07 Target 40-50 mmbbl oil potential Offshore New Zealand Barque-1, Q1 08 Hurricane-2 Offshore Otway Basin (BPT 50%) 3D Seismic Q1 07 Target 1 TCF gas potential Drill…
  27. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 27
    Geothermal Exploration 27
  28. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 28
    Beach Petroleum Limited Outlook March 2007
  29. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 29
    Value per boe Beach trades in the bottom third of its peer 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 29
  30. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 30
    Significant upside potential Beach has upside exposure to c.65mmboe of additional reserves in existing projects/developments 30
  31. MARCH 2007 INVESTOR PRESENTATION – Beach Energy Limited – slide 31
    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 Attitude Commitment to reward shareholders (consistent record of TSR)…

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