Company Overview and Drillsearch Bid Update 28-29 July 2009 Reg Nelson Managing Director Hector Gordon Chief Executive Officer
Beach Company Overview - Key Facts Ranked in top 10 in Australia based on market capitalisation Ranked in top 5 in Australia based on production Net reserves of approx 65 MMboe (30% oil) Resource base of 280 MMboe Substantial…
Beach Company Overview - Production & Revenue FY09 Record Annual Average Oil Price Received (A/bbl) 120 Production & Revenue 100 9.6 MMboe 80 581 million Average net oil price A93/bbl (A97 60 after hedging) 40 FY06 FY07 FY08 FY09…
Beach Company Overview - FY09 Year Financial Achievements Sold CSG asset for up to 400m Cash of 136m at June 2009 Nil net debt at June 2009 Interim dividend 0.75c / share paid in April 2009 ( FY08 : 0.75c/sh in April 08 &…
Reserves & Resources Reserves Reserves & Resources (MMboe) Total 65 Mmboe 300 Oil reserves growing in Western Cooper 250 (PEL92) Egypt reserves added (2 MMbbl to date) 200 BMG Oil Resource 150 Unconv. Gas Resource Conv. Gas…
Beach Company Overview - Strategy & Outlook Maximise Return from Cooper Basin Reserve Base FY10 production guidance 8.5 MMboe Conversion of Contingent Resources to Reserves Balanced exploration program Cooper Basin Oil & Gas…
Beachs Offer for Drillsearch Features of the offer One BPT share for every 27 DLS shares Consideration declared final Offer declared unconditional Close Date 14 August 2009 Current interest 20% Page 8
Beachs Offer for Drillsearch Key reasons to accept 50% premium to pre-bid price Total Shareholder Returns (based on 3 month VWAP) Beach vs Drillsearch (five years to 16 June 09) 800% BPT: +250% increase Beach has: 700% 600% over…
Company Overview and Drillsearch Bid Update 28-29 July 2009 Reg Nelson Managing Director Hector Gordon Chief Executive Officer
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