The Cooper Basins leading mid-tier Oil & Gas explorer Delivering Transformational Growth Good Oil Conference 5-6 September 2010
Drillsearch the story For investors Drillsearch represents ... Material Cooper Basin footprint Control of our own destiny Existing production Highly prospective portfolio Ready access to markets/infrastructure Huge…
Company Snapshot Strong Growth Pipeline Activity Hydrocarbon Type Share Price FY 2010 30 June 2010 FY 2010 7 Sept 2010 Production Revenues 2P Oil Reserves Oil Production bbls Exploration Oil 6.4 cents A9.57m 4.1 MMBOE +185% 157,459…
Our past year Delivering on promises Implemented strategic plan Enhanced asset portfolio Built on internal capabilities Exploration success Booked significant uplift in Reserves & Resources 4
Why the Cooper Basin Reasons to invest Australias World Class Onshore Oil & Gas Basin Underexplored High exploration success rates Low cost / High profit Short cycle time to first cash flow Ready access to key services, contractors…
How the Cooper Basin stacks up Deep / Remote / Offshore / Onshore 1000 Well cost - low Well cost - medium Well cost - high Browse Deep Water 100 Field size (MMBOE) Timor Sea Bass Gippsland 10 Carnarvon…
Delivering results new discoveries & reserves growth Re-invigorated Company growth 185% Yr-on-Yr 2P reserve growth 60% Yr-on-Yr 2P liquids reserve growth Strong focus on high profit oil Focus on core Cooper Basin reserves Growth…
Our four businesses How we do it The Business Pipeline Core Assets The Business Make-up Greenfield exploration New Oil Western Flank Oil Fairway High profit oil targeting shallow oil pools Developing existing & new gas…
Transactional growth Innamincka (INP) merger INP to merge into DLS via a scheme of Proposal arrangement 2.5 Drillsearch shares for each Innamincka Offer Terms share Unanimously recommended by INP board in Other the absence…
Innamincka Merger The Strategic Rationale Material uplift in Reserves & Resources Enhanced scale Increases Cooper footprint & diversification Expanded position in Western Flank Oil Unconventional resource Opportunity to unlock…
Innamincka Merger The Post Merger Footprint 11
Delivering results Combined Reserves growth
Delivering results Combined Reserve & Resources
Innamincka Merger A fair price Strategic focus Commitment to the Cooper on the Cooper Existing strategy applicable to INP assets Assets Understanding History of INP Potential Complimentary assets & skills set Synergies…
Our key messages People, Projects & Plan Unique acreage position Organic Growth High profit New Oil Wet Gas & Liquids Development Emerging Unconventional Gas Resources Transactional Growth Innamincka merger 15
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