Click to edit Master title style Investor Presentation Investor Presentation Drillsearch Energy Delivering on a Focused Strategy October 2012
Drillsearch Snapshot 2 Investor Presentation Cooper Basin focus Key Data Share Price (5 October 2012) 1.55 Significant operated acreage position Shares on Issue 386M Market Cap 599M Growth platforms in Oil, Wet Gas and Cash (30…
Our strategy 3 Investor Presentation 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…
Cooper Basin Play Fairways by Business Unit 4 Investor Presentation UNCONVENTIONAL WET GAS Short, medium and long-term growth opportunities
Robust Reserves and Resources 5 Investor Presentation Expect significant further increases from Western Flank Oil & development of existing Wet Gas discoveries 2P Reserves 12.5 mmboe 64% oil and liquids
Production Growth 6 Investor Presentation FY 2013 production guidance of 1.23 mmboe, a 215% increase compared to FY 2012 Increase is on the basis of increased production Western Flank Oil and Wet Gas Project
Oil Western Flank Fairway High Profit Oil 7 Investor Presentation 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…
Western Flank A Near-Term Production Engine 8 Investor Presentation Western Flank Oil Production Estimates 12,000 10,000 8,000 BOPD 6,000 4,000 2,000 - Sept-Q13 Dec-Q13 Mar-Q14 Jun-Q14 Sept-Q14 Dec-Q14…
Click to edit of Economic Master title style Western Flank Oil 9 Investor Presentation Bauer Central Oil Production Facilities Western Flank Oil Gross 2P Reserves 7.3 mmbbls % Liquids 100% Production current 800 bopd…
Oil Inland-Cook Fairway High Impact Exploration 10 Investor Presentation Potential NE extension of Western Flank Oil Fairway Large operated position +10,000km2 (gross) Multiple prospects ranging from 0.5 to 10 mmbbls Kaden…
Wet Gas High Profit Gas 11 Investor Presentation The basics Wet Gas Discoveries 13 fields Wet Gas Discoveries producing 2 fields Gross 2P Reserves (mmboe) 13.7 Gross 2P Reserves liquids (mmboe) 5.4 Coolawang EPT Flare Gross 2P…
Click to edit Master Comparing Wet Gastitle to style Western Flank Oil 12 Investor Presentation Western Flank Oil Western Cooper Wet Gas Gross 2P Reserves 7.3 mmbbls Gross 2P Reserves 13.7 mmboe % Liquids 100% Gross 2P Liquids…
Wet Gas Significant Long-term Production Potential 13 Investor Presentation Production forecasts are independent/y derived projections provided by Gaffney, Cline & Associates, Pty Ltd (GCA) based on the 31 July 2012 Independent…
Unconventional Potential World-class resource 14 Investor Presentation Nappamerri Trough Shale and Seismic survey vehicle Tight Gas Fairway +2,000km2 (gross) Strategic Joint Venture with QGC (BG Group) providing premium gas…
Unconventional Business Central Cooper Shale 15 Investor Presentation Agreed Joint Venture Work Program Stage 1 - 1,000km 2D seismic reprocessing, conduct 1,100km2 Winnie 3D seismic survey and complete regional shale core…
Unconventional Business QGC Strategic Shale Gas Alliance 16 Investor Presentation Key terms Implications QGC to fund 90m / Drillsearch to fund Validates the potential of Cooper Basin 10m of first 100m of the agreed 130m…
Acer an acquisition that fits 17 Investor Presentation NEAR TERM Western Flank Oil PEL 91 Western Corridor PEL 182 Inland-Cook Oil Patchawarra PEL 100 Patchawarra PEL 101 Wet Gas MID TERM Ginko, Crocus Western Cooper…
The combined footprint in the Cooper Basin 18 Investor Presentation UNCONVENTIONAL WET GAS Short, medium and long-term growth opportunities
Offer overview 19 Investor Presentation Transaction Drillsearch today announced an all cash offer to acquire Acer Energy Limited (ASX:ACN) (Acer) overview 25.5 cash per share, implying a value for Acer of 118 million Terms The…
Forward Work Program for Acer 21 Investor Presentation Subject to Drillsearch undertaking a review of Acer's operations and assessing Acer's assets on an asset-by-asset basis following the close of the Offer, Drillsearch presently…
Wet Gas - An Emerging Cash Flow Engine 22 Investor Presentation In In Drillsearchs Drillsearchs hands, hands, Acers Acers assets canassets can substantially contribute to contribute to this growth growth Additional Acer…
Click to edit Master title style Investor Presentation Investor Presentation Appendix October 2012
Growth platform and strategy 25 Investor Presentation Drillsearch remains focused on high grading its large Cooper Basin acreage position Joint venture with high-quality partners in core projects that can deliver high-value…
Drillsearch Net Reserves and Contingent Resources 26 Investor Presentation Drillsearch Net Reserves & Contingent Resources as at 31 July 2012 Business Segment Reserves 1P 2P 3P Western Flank Oil 2.1 4.4 8.5 Western Cooper Wet Gas…
Oil Business Overview 27 Investor Presentation Key Data Production FY12 232 BOPD (Net) Reserves (2P) 5.0 mmbbls (Net) Contingent 1.2 mmbbls (Net) Resources (2C) Unrisked Western Flank = 15.8 mmbbls Prospective Resources (Best)…
Oil Business Western Flank Oil Fairway 28 Investor Presentation Highlights Drillsearch interest 60% Multiple oil discoveries from 2009 & 2011 drilling programs Bauer oil discovery one of the largest in the Western Flank Oil…
Oil Business Western Flank Oil Fairway 29 Investor Presentation FY 2013 Work Program Targeting 3,000 BOPD (DLS net) oil production by CYE 2012 Bauer Central Oil Production Facilities completed/commissioned with 20,000 bbls…
Oil Business Inland-Cook Oil Fairway 30 Investor Presentation Highlights North-eastern extension of Western Flank Oil Fairway Large operated position covering 10,264km2 (gross) Drillsearch interest 66-100% Multiple…
Oil Business Inland-Cook Oil Fairway 31 Investor Presentation FY 2013 Work Program ATPs 539P and 549P 600km2 Kaden 3D seismic survey acquisition Complete 3D seismic processing and interpretation Drill 2-3 oil exploration…
Wet Gas Business Overview 32 Investor Presentation Key Data Q1 FY2013 Production Raw Gas 10mmcf /d (Net) Sales gas 7.4 TJ/d (Net) Sales Liquids 550 bbls/d (Net) Reserves (2P) 7.5 mmboe Contingent 9.3 mmboe Resources (2C)…
Wet Gas Business Non-operated PEL 106B and PEL 107 33 Investor Presentation Highlights Drillsearch interest PEL 106B - 50%, PEL 107 - 60% (Beach Energy operator) 8 Wet Gas discoveries from 10 exploration wells 2 fields…
Wet Gas Business Non-operated PEL 106B and PEL 107 34 Investor Presentation FY 2013 Work Program Connect Canunda gas field into Wet Gas Pilot Project Plant Extend existing GSA and upgrade Wet Gas Pilot Project with installation…
Wet Gas Business Operated PEL 106A and PELA 513 35 Investor Presentation Highlights Six existing discoveries in PEL 106A 2C Contingent Resources of 3.4 mmboe for PEL 106A Drillsearch interest 100% Appraisal and development…
Wet Gas Business Operated PEL 106A and PELA 513 36 Investor Presentation FY 2013 Work Program Santos-operated joint Greater Leleptian 387km2 3D seismic survey to include Drillsearch permits PEL 106A and PELA 513 Well…
Unconventional Business Overview 37 Investor Presentation Key Data Production Nil Reserves (2P) Nil Contingent Under evaluation Resources (2C) Unrisked Deep CSG = 8-17 TCF Prospective Shale Gas = Under evaluation Resources…
Unconventional Business Central Cooper Shale 38 Investor Presentation Highlights Drillsearch interest 40% and Operator Rich, thermally mature wet and dry shale gas plays Strategic alliance with BG Group EIA* estimates risked…
Unconventional Business Southern and Western Cooper 39 Investor Presentation Highlights Drillsearch interest 50-100%* Unconventional plays supported by conventional exploration and appraisal Play types Tight Gas, Shale Gas and…
Unconventional Business Southern and Western Cooper 40 Investor Presentation FY 2013 Work Program Currently evaluating results of recent coal and shale coring program in PEL 106B and PEL 107 Unconventional drilling and coring…
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