March 2012 Road Show March 2012 Road Show Delivering on a Focused Strategy
Investment Proposition 2 March 2012 Road Show Active EXPLORATION program Growing OIL production First WET GAS production Huge UNCONVENTIONAL gas resource potential FULLY FUNDED work program Delivering GROWTH in reserves,…
Drillsearch Snapshot 3 March 2012 Road Show Cooper Basin focus Key Data Share Price (2 March 2012) 1.50 Significant acreage position Shares on Issue 337M Operator with high JV interests Market Cap 505M Oil producer with…
Three Growth Platforms 4 March 2012 Road Show Unconventional Wet Gas WET GAS OIL Oil Short, medium and long-term growth opportunities Short, medium and long-term growth opportunities
Cooper Basin Play Fairways by Business Unit 5 March 2012 Road Show UNCONVENTIONAL WET GAS OIL Short, medium and long-term growth opportunities
Why the Cooper Basin - Australias Petroleum Heartland 6 March 2012 Road Show Australias largest onshore oil and gas basin Underexplored - low exploration drilling density Multiple conventional & unconventional resource plays…
Reserve Growth 7 March 2012 Road Show Drillsearch Reserve Growth YTD Financial Year 2012: 2P Reserves of 11.3 mmboe 33% uplift in total 2P Reserves 60% uplift in 2P liquids Reserves Reserves 58% weighted to liquids New oil…
Delivering Production A Forward Look 8 March 2012 Road Show Financial year 2012 production forecast of 320,000 bbls Increase driven by development of new oil discoveries and wet gas pilot project Oil production expected to…
Oil Business 9 March 2012 Road Show Key Data Production FY11 330 BOPD Reserves (2P) 3.7 mmbbls Contingent 2.7 mmbbls Resources (2C) Unrisked Western Flank = 15.8 mmbbls Prospective Resources (Best) Inland Fairway = 31.6…
Western Flank Oil Fairway - Exploration and development 10 March 2012 Road Show Highlights DLS interest 60% Highly prospective - multiple 2D/3D seismically defined prospects Construction of production facilities underway New…
Inland Cook Oil Fairway - Exploration 11 March 2012 Road Show Highlights DLS interest 66-100% Large operated position covering 10,264km2 (gross) North-eastern extension of Western Flank Oil Fairway Initial prospects and…
Wet Gas Business 12 March 2012 Road Show Key Data Raw Gas 25mmcf /d (gross) Production Liquids 1,200+ BOPD (gross) 30-40boe/mmcf raw gas Reserves (2P) 7.6 mmboe Contingent 3.4 mmboe Resources (2C) Unrisked Prospective…
Wet Gas Exploration and Development 13 March 2012 Road Show Highlights DLS interest 50-100% Liquids-rich = 40 to 200+ bbls/mmscf raw gas Initial production commenced January 2012 Interruptible supply to Santos operated SACBJV…
Unconventional Business 14 March 2012 Road Show Key Data Production Nil Reserves (2P) Nil Contingent Under evaluation Resources (2C) Unrisked Deep CSG = 8-17 TCF Prospective Shale Gas = Under evaluation Resources…
Central Cooper Unconventional 15 March 2012 Road Show Highlights DLS interest 40% & Operator Strategic alliance with BG Group 2,000km2 (500,000 acres) in shale gas fairway Thick REM shale present with offset well control…
Prospectivity of Cooper Basin Shale Plays 16 March 2012 Road Show North American Shale Plays Cooper Basin Shale Plays Shale Play Parameters Barnett Fayetteville Haynesville Cana Eagle Ford Nappamerri Nappamerri Patchawarra…
REM Indications of Wet Gas 17 March 2012 Road Show Elevated Total Gas (Red Shading) and C4 Butane (Blue Line) Wet Gas reading in REM Sequence Two ATP 940P Near Offset Control Wells Displaying Elevated Gas Readings through…
Western Cooper Unconventional 18 March 2012 Road Show Highlights DLS interest 50-100% Mixed lithology - conventional wet gas & unconventional zones Liquid-rich shales, tight oil and gas sands & Deep Coal 40 TCF Gas-in-Place…
Our next steps 19 March 2012 Road Show Oil Wet Gas Unconventional Development drilling targeting further reserves upgrade Expand Wet Gas pilot project Western Cooper coring Bringing new discoveries into Complete and test other…
Investment Proposition 20 March 2012 Road Show Active EXPLORATION program Growing OIL production First WET GAS production Huge UNCONVENTIONAL gas resource potential FULLY FUNDED work program Delivering GROWTH in reserves,…
March 2012 Road Show Investor Presentation Appendix MARCH 2012
Comparative share price performance to peers FY 2012 23 March 2012 Road Show DLS BRU SXY BPT AWE COE ROC STO HZN AUT
Comparative Cooper Basin Net Exploration Acreage Holdings 24 March 2012 Road Show Source: GPinfo Petroleum Permits of Australia 2011, Company websites and Annual Reports
Delivering Production Growth A Forward Look 25 March 2012 Road Show Note: The above graph illustrates the expected increase in the daily production rate capacity over 5 successive periods to provide an indication of near term…
Our approach to Cooper Basin Unconventional 26 March 2012 Road Show Drillsearchs approach to unconventional resources is based on 5 key principles: Activity & investment targeted to EAD Life Cycle Focus on activity to establish…
Drillsearch Unconventional Position by play 27 March 2012 Road Show Challum Gas Field Approx Top of Oil Window Moomba Gas Field Approx Top of Gas Window REM Shale Gas Target Patchawarra Formation Basin-Centered, Tight Gas &…
Nappamerri Trough REM Shale Thickness 28 March 2012 Road Show REM Shale remains thick across ATP 940P providing a thick unconventional target zone
Nappamerri Trough REM Shale Depth Map 29 March 2012 Road Show REM Shale is shallower in ATP 940P in a setting with more wet gas potential
Commercialisation - The Changing Market Landscape 30 March 2012 Road Show Eastern Australia Gas Supply-Demand Current Cooper & Southern Basins gas reserves already fully contracted FID of major CSG-to-LNG Projects takes the…
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