Good Oil Conference Good Oil Conference Drillsearch Energy Focusing in on our Wet Gas potential 5 September 2012
3 Drillsearch Snapshot Good Oil Conference Key Data Cooper Basin focus Share Price (4 September 2012) 1.47 Shares on Issue 386m Significant operated acreage position Market Cap 568m Cash (31 July 2012) 96m Growth platforms in…
4 Our strategy Good Oil Conference NEAR TERM Rapidly develop new oil discoveries and accelerate 3D seismic-based exploration in prospect-rich Western Flank and emerging Inland-Cook Oil Fairways MID TERM Expand development…
5 Robust Reserves and Resources Good Oil Conference Reserves and Resources by Product 31 July 2012 80.0 70.0 60.0 Development of existing Wet Gas discoveries increases 2P liquids 34.9 50.0 reserves 78% to 12.4…
6 Oil Western Flank Fairway High Profit Oil Good Oil Conference Bauer Central Production Facility Crude Oil Export Truck High Profit Oil Gross 2P Reserves 7.3 mmbbls Find Cost (/bbl) 3-4 Development Cost (/bbl) 7-9 Field…
7 Oil Inland-Cook Fairway High Impact Exploration Good Oil Conference Potential NE extension of Western Flank Oil Fairway Large operated position +10,000km2 (gross) Multiple prospects ranging from 0.5 to 10 mmbbls Kaden 600km2…
8 Unconventional Potential World-class resource Good Oil Conference Seismic survey vehicle Nappamerri Trough Shale and Tight Gas Fairway +2,000km2 (gross) Strategic Joint Venture with QGC (BG Group) providing premium gas…
9 Wet Gas High Profit Gas Good Oil Conference The basics Wet Gas Discoveries (Producing) 13 fields (2) Gross 2P Reserves (mmboe) 13.7 Gross 2P Reserves liquids (mmboe) 5.4 Gross 2P Reserves - Sales Gas (BCF) 82 Coolawang EPT Flare…
10 Wet Gas means Liquids Rich Good Oil Conference Wet Gas % Revenue by Product Wet Gas % Revenue by Product (Current GSA prices) (Est. Oil linked 2014/2015 price) 37.5% 32.5% Nat Gas 29.8% Nat Gas 45.8% Condensate…
11 Compelling Economics Good Oil Conference Wet Gas Pilot Project Gross Cost* Well Cost (2) Drill, complete and EPT 7m Pilot Project Facilities Plant, SCADA and Remote Camp 6m Coolawang EPT Flare Pipeline (12km x 4 pipelines) 5m…
12 The business reality of the Wet Gas Project Good Oil Conference Development costs A11m (DLS share 5.5m) Condensate and NGL prices well above initial projections Innovative pipeline solution materially lowered costs Project…
13 Comparing Wet Gas to Western Flank Oil Good Oil Conference Western Flank Oil Western Cooper Wet Gas Gross 2P Reserves 7.3 mmbbls Gross 2P Reserves 13.7 mmboe % Liquids 100% Gross 2P Liquids 5.4 mmboe Production current 800…
14 Lucrative Gas Markets Outlook Good Oil Conference
15 An Emerging Cash Flow Engine Good Oil Conference 35 mmscfd raw Oil-linked pricing PEL 106A/513 Additional 70m Project Net Revenues Potential PEL 106A Canunda 25m WGPP 2 Expansion Existing 24m WGPP 1 Project…
16 Significant Unconventional Synergies Good Oil Conference Wet Gas and Unconventional work hand-in-glove Technical Every Wet Gas well is also an Unconventional exploration well Every Wet Gas well has potential to become…
17 The Long-Term Opportunity Good Oil Conference Wet Gas dominated by 3 play fairways Shallow Conventional Middleton and Canunda Transitional Conventional and LDG Welcome Lake Deep LDG and Tight Gas Tindilpie Shallow…
18 Wet Gas Forward Work Program FY 2013 Good Oil Conference Non-operated PEL 106B and PEL 107 FY 2013 Work Program Connect Canunda gas f ield into Wet Gas Pilot Project Plant Extend existing GSA and upgrade Wet Gas Pilot Project…
19 Summary Good Oil Conference Wet Gas is a core growth platform for Drillsearch, delivering material results Gas price outlook provides unique lucrative market opportunity Significant investment is being made with compelling…
Loading...
