Beach Energy Limited The emergence of Cooper Basin shale gas ASX Small to Mid Caps Conference New York, 4 March 2010 Steve Masters Manager Commercial & Corporate Development 1
Todays presentation Overview of Beach The emergence of Energy Limited Cooper Basin shale gas Strategy What Base Business Where Growth Potential How 3
Beach Energy Limited (ASX : BPT) A compelling value proposition 2P reserves of 66 MMboe Strong base Sustainable long-term oil & gas production business FY 2010 production guidance of 8.0 MMboe 118 million cash & zero debt**…
Reserves & resources snapshot - 30 June 2009 2P Reserves: 2P Reserves & Contingent 66 MMboe Resources: 359 MMboe Cooper / Eromanga Gippsland Egypt Cooper / Eromanga 2P Gippsland Other A solid and enviable base from which to…
Corporate framework 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…
The base business Cooper Basin production, development & exploration Cooper Basin is a key supplier of onshore oil & gas to eastern Australian markets: Diversified asset, product and market mix Beach participates in approx. 300…
The base business Conventional Cooper Basin oil and gas Cooper Basin Oil Cooper Basin Gas 2P reserves 14.3 MMbbl 2P reserves 228 PJ & 7.4 MMboe Comprised of three key areas: Gas & ethane contracts with major Western flank (Beach…
The base business - Gulf of Suez: First oil within months Beach 20% interest High potential Gulf of Suez acreage Three existing oil discoveries: NS 377 and 385 (near shore fields) NS 394 Burtocal First oil expected Q3 2010…
Expanding the base business Positioning for long-term Australian gas supply Beach is seeking to grow its base gas business in eastern Australian markets from the Cooper Basin Good long-term growth opportunities for eastern…
Cooper Basin - Significant shale gas potential Early identification of Cooper Basin shale gas potential Captured prospective acreage with high equity participation Huge resource potential: Comparable to combined NSW and…
Nappamerri Trough Potential gas in place greater than 200 Tcf Extensive and thick shale packages Similar properties to the best US shale plays Nappamerri Trough total area 10,000 km2 ( 3,800 sq miles) Potential gas in place…
Nappamerri Trough Geographical context vs US basins Cooper Basin Nappamerri Trough 13
Why the Nappamerri Trough Geological properties Thick shale sequence 150m thick over 10,000 km2 Organically rich 5% Total Organic Carbon (TOC) Gas prone Proven Thermally mature Proven Overpressure Proven Tight gas sands Potential…
Nappamerri Trough shales compare favorably with US shale gas plays Parameter Barnett (TX) Fayetteville Marcellus- Haynesville, Cooper Basin (AR) Appalachian LA Nappamerri (NE USA) Trough Depth (ft) 5400 - 9600 1200 - 7500 1500 -…
Multiple long-term shale gas market options Good prospects to increase Existing Cooper Basin supply over time customers extension contracts New domestic gas supply Existing opportunities include: customers Export LNG…
When will Cooper Basin shale gas value recognition occur Some recent US shale gas transactions Deal Location Date Value Mitsui - Anadarko Marcellus Feb 10 US1.4b Total - Chesapeake Barnett Jan 10 US2.25b Included 1 million acres…
Some other long-term growth opportunities Big oil and big gas Papua New Guinea Tanzania Australia New Zealand 18
Big oil and big gas growth opportunities Tanzania Browse Basin Gulf of Papua Canterbury Basin Emerging oil province: Beach 100%* Potential for 200 MMbbl+ discoveries Exploration planned to commence in 2010 Emerging oil…
Beach Energy Sustainable underlying base business: Long-life reserves Long-term production and cash-flow Asset, product and market diversity Tangible growth potential targeting regionally specific opportunities: Cooper Basin…
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