Beach Energy Limited Positioning for long-term growth Citi Australia and New Zealand 7th Annual Investment Conference London, 9 March 2010 Hector Gordon Chief Executive Officer 1
Todays presentation Overview of Beach Positioning for long- Energy Limited term growth 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 and gas production business FY 2010 production guidance of 8.0 MMboe 118 million cash and zero debt**…
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…
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…
Reserves and production Production 2P Reserves 12 160 140 10 120 8 100 MMboe MMboe 6 80 60 4 40 2 20 0 0 FY 2007 FY2008 FY 2009 FY 2010 est. FY 2006 FY2007 FY 2008 FY 2009 Gas & Gas Liquids Gas & Gas Liquids…
The base business Cooper Basin production, development & exploration Cooper Basin is a key supplier of onshore oil and gas to eastern Australian markets: Diversified asset, product and market mix Beach participates in…
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…
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 16
Tanzania: East African Rift - An emerging big oil province Beach 100% Under - explored, high potential region Significant success in nearby analogous areas (Uganda) Recent M&A activity in Uganda highlights regional potential…
Offshore big gas opportunities Browse Basin Gulf of Papua Canterbury Basin LNG supply potential from existing portfolio: Burnside (multi-Tcf discovery made in 2009, Beach 7.34%) Pandora (mean gas resource approx. 0.8 Tcf, Beach…
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…
Reference Slides 20
Corporate strategy Aim: To double production and reserves within 2 - 5 years Risk / Reward Timeframe: 2 5 years Timeframe: 5 10 years Low Add up to 20 MMboe new reserves via Continue Cooper exploration for oil and (60*) exploration…
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