Company Overview Key Facts Track record of delivery Solid base from which to grow ASX200 E&P company 2P reserves of 66 MMboe A top ranked ASX200 E&P Contingent resource base of company based on oil and gas 293 MMboe production…
FY09 Stellar Operational Performance Record NPAT of 260 million: Normalised NPAT of 64 million 21% increase on FY08 Record sales revenue of 581 million Record production of 9.6 MMboe: Approx. 26,300 boed FY09 dividend of 3.75…
Recent Highlights Continued exploration success in Cooper Basin, especially Western Flank oil: Eg: Butlers, Perlubie, Perlubie South and Chiton discoveries Burnside -1 discovery in Browse Basin announced August 2009: 65 metre…
Recent Highlights Tipton West divestment for up to 400 million: Received 260 million cash Sold Arrow Energy shares for approx. 78 million Contingent payments of up to 70 million Enhanced Cooper Basin acreage via PEL 218…
Reserves & Resources Snapshot 30 June 2009 2P Reserves: 2P Reserves & Contingent 66 MMboe Resources: 359 MMboe Cooper / Eromanga Gippsland Egypt Gas Gas Liquids Oil 2P Reserves A solid and enviable base from which to grow 7
Exploration Snapshot Drill-Ready / Near-Drill-Ready Prospects: Approx. 100 August 2009 MMboe of drill- 60 ready & near-drill- Mean un-risked volumes MMboe (Beach share) ready prospects 50 available in the next few years 40…
Global Portfolio 1 Spain 2 Albania 3 Egypt 1 2 4 Tanzania 5 Carnarvon & 3 Browse Basins 6 Arrowie Basin 7 Cooper Eromanga Basin 4 10 8 Otway & Bass Basins 5 9 Gippsland Basin 7 6 10 Papua New Guinea 9 8 11 New Zealand 11 9
What Could The Future Hold Base business developing existing reserves Convert contingent resources to reserves Ongoing (and material) exploration success Acquisitions and divestments New energy business opportunities…
Strategy & Key Objectives 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…
Cooper Basin Top Shelf Acreage Position Solid oil and gas production Ongoing exploration success Substantial long-term growth potential An emerging unconventional gas play 12
Cooper Basin Continued Exploration Success Beach operated assets continue to yield discoveries PEL 92 & 91 (oil): Perlubie Perlubie South Butlers Chiton (PEL 91) PEL 106 farm-in block: Brownlow (gas) Canunda (gas) Short…
Cooper Basin Gas Future Business Opportunities Continuation of exploration and development efforts: Identify new reserves and resources Acceleration of production where practical Conversion of contingent resources to reserves:…
Cooper Basin Nappamerri Trough: PEL 218 PEL 218 Farm-in: Beach has acquired a 90% interest from Adelaide Energy Beach has been issued 8 million shares in Adelaide Energy at 0.12 / share Beach to become the operator Highly…
Exploration Strategy Objective is a balanced portfolio: 60:30:10 risk profile (low / moderate / high) Timeframe and cost for maturation Equity participation Low moderate risk candidates are generally in the vicinity of proven…
International Ventures Strategy & Objectives Deliver new core production areas to Beachs portfolio within a reasonable timeframe Balance of mature to emerging hydrocarbon provinces: Focus on regions linked by geology or markets…
Egypt Overview & Outlook Beach 20% interest Three existing oil discoveries: NS 394 (Burtocal) NS 377 and 385 (Nearshore fields) First oil expected early CY10 Burtocal appraisal in FY10 Teen-1 to be drilled FY10 Ongoing…
Tanzania: Overview & Outlook Beach 100%* Finalisation of Petroleum Sharing Agreement (PSA) in FY10 Under-explored, emerging hydrocarbon province with high potential Significant industry success in nearby analogous area…
FY10 Outlook Production guidance of approx. 9.0 MMboe First oil from Egyptian Nearshore fields in North Shadwan block Key wells: Bass Basin: Spikey Beach-1 exploration well Egypt : Teen-1 exploration well and Burtocal appraisal…
Loading...
