1 Investor Presentation Investor Presentation Delivering on a focused strategy. FEB / MAR 2013
Drillsearch Energy 2 Cooper Basin oil and gas explorer and producer Investor Presentation Key Data Share Price (22 Feb 2013) (A/sh) 1.32 Three business units: Shares on Issue (m) 427 Oil Production, development and exploration…
The Cooper Basin holds significant hydrocarbon production 3 and exploration opportunities Investor Presentation Eastern Australia has a significant resource base with geographic and geological diversity Western Australia Estimated…
Equity Markets Have Shown Significant Interest in 4 the Cooper Basin Players Investor Presentation Drillsearch Beach Energy 550 300 SharePrice and Rebased to 100 SharePrice and Rebased to 100 450 250 82.8% 350 200 135.5%…
5 Drillsearch operates through three complementary business units, offering production cashflow and significant exploration upside Investor Presentation Oil Business Wet Gas Unconventional Production / Production / Status…
The business units are focused on the Cooper Basin, which 6 is well supported by existing infrastructure Investor Presentation Wet gas Oil business Unconventional
7 Performance Scorecard Operational Investor Presentation Increasing Reserves, Production and Cash Flow 30 Jun 2009 30 Jun 2010 30 Jun 2011 30 Jun 2012 31 Dec 2012 FYE 2013 2P Reserves Oil 1.1 0.9 0.9 3.7 7.8 - 2P Reserves Gas…
8 Performance Scorecard Investor Presentation Key Financial Data 30 Jun 2009 30 Jun 2010 30 Jun 2011 30 Jun 2012 31 Dec 2012 Market Cap 52m 103m 237m 386m 650m Revenue 15.1m 9.2m 15.6m 22.4m 20.0m Gross profit 1.0m (1.7m)…
9 Growth Platform and Strategy Investor Presentation NEAR TERM Western Flank and Inland-Cook Oil Fairways Develop new oil discoveries Accelerate 3D seismic-based exploration Expand production capabilities Western and…
10 Oil Business Investor Presentation Key Data HY2013 175.9 kbbls Production: Reserves (2P): 7.8 Mmboe Background High profit oil Low development and well cost 3.3m (gross) Low operating cost (25/bbl) High success…
11 Wet Gas Business Investor Presentation Key Data HY 2013 Sales gas 104,059 boe Production: NGLs 38,650 boe Reserves (2P): 10.9 mmboe Contingent 23.7 mmboe Resources (2C): Background 18 existing wet gas discoveries 3 wet gas…
12 Production Snapshot Investor Presentation Western Cooper Wet Gas simply as a liquids project has favourable economics through working cooperatively with the SACBJV Western Flank Oil Western Wet Gas Gross 2P Reserves 11.8…
Unconventional: A key driver of increased Cooper Basin 13 participation is Global LNG Demand Investor Presentation The LNG Supply Challenge 500 LNG trade (forecast) 400 Supply - demand 175mtpa gap 300 (mtpa) 200…
Unconventional: The Australian unconventional sector has 14 become a focus of the major E&P players Investor Presentation Key Australian Unconventional Farm-Ins / / Amount 70m Amount 152m Acres 4.0m Acres 4.1m EV / Acre 17.6…
15 Unconventional: Large scale development of LNG projects in Queensland is impacting the Cooper Basin Investor Presentation Cooper Basin Infrastructure Domestic Gas Contracts (PJ) and Domestic Prices (A/GJ) 3,500 14 AUD / GJ…
16 Unconventional Business Summary Investor Presentation Key Data Production: Nil Reserves (2P): Nil Contingent Under evaluation Resources (2C): Shale Gas = 10-24 TCF* Mean Prospective Tight Gas = 4-8 TCF* Resources*…
BG Strategic JV: In 2011 formed a Strategic JV with BG to 17 explore unconventional shale and tight gas in ATP940P Investor Presentation Exploration Work Program QCLNG Overview Strategic JV to explore and develop Ownership BG…
Other unconventional assets offer the potential to farm-out 18 to additional partners for additional work programmes Investor Presentation Central Unconventional Fairway Stage 1 - Completed the 1,050km2 3D Winnie seismic…
Key Activities in the Oil Business 19 Investor Presentation Oil Business Western Flank Oil Fairway Sep Q Dec Q Mar Q Jun Q 2012 2012 2013 2013 3D seismic acquisition Well completion/production facilities Bauer-Lycium oil export…
Key Activities in the Gas Business 20 Investor Presentation Western Wet Gas Sep Q Dec Q Mar Q Jun Q 2012 2012 2013 2013 Well completion/EPT Connect discoveries to Wet Gas Pilot Project Drillingexploration Northern Wet Gas…
Key Activities in the Unconventional Business 21 Investor Presentation Unconventional Business Central Cooper Shale STAGE 1 STAGE 2 STAGE 3 20112013 20132014 20142016 3D seismic COMPLETED DEC 2012 Drillingexploration INITIAL 2…
2013 Capital Guidance 22 Investor Presentation FY13E Oil Western Flank Oil 54.7m Eastern Margin Oil 1.8m Inland-Cook Oil 13.3m Wet Gas Western Wet Gas 36.7m Northern Wet Gas 4.0m Unconventional Central Cooper…
23 HY 2013 Overview Investor Presentation 117% increase in 2P Reserves 47% increase in 2P Reserves Completed the largest onshore to 7.8 mmboe to 11.0 mmboe 3D seismic acquisition in Australia 7 oil discoveries in the Expansion…
24 HY 2013 Results Profit Overview Investor Presentation 31 December 2012 Profit Overview 30,000 Significant increase of 448% in HY 25,000 2013 Sales Revenue 20,000 HY 2013 Gross Profit margin of 15,000 48%…
25 HY 2013 Results Cash Position and Funding Investor Presentation Cash reserves at 31 December 2013 of 63.3m excluding restricted cash of 20m Cash flow generated by operations increased 1,359% from HY 2012 Successful…
26 Acquisition of Acer Energy Investor Presentation Acer acquisition further consolidates position in the Cooper Basin Increased Cooper Basin Footprint Increases Cooper Basin footprint Largest discovered, uncommitted…
27 Conservative Balance Sheet Investor Presentation Growing the business through prudent financial management June June June Dec Conservative approach to 2010 2011 2012 2012 balance sheet management 000 000 000 000 Historic…
28 Outlook and Work Program FY 2013 Investor Presentation Bring new discoveries into Expand and extend Wet Gas Case and test Western Cooper production Pilot Project unconventional targets in Wet Complete and test Wet Gas Gas…
29 Investment Highlights Investor Presentation Successful junior explorer transitioning to a significant mid-tier producer Delivering GROWTH IN RESERVES, PRODUCTION AND CASH FLOWS Focused on a large, operated position in the…
31 Investor Presentation Investor Presentation Appendix FEBRUARY 2013
32 Strong management team and board Investor Presentation Through FY 2013 the Company has continued to build a robust technical and operational team capable of delivering on the large work program planned for FY 2013 Brad…
The Cooper Basin consists of four key participants 33 Investor Presentation Metric Drillsearch Santos Beach Energy Senex Market Metrics Market Cap (Am) 564.1 12,414.7 1,728.7 590.9 Total Debt (Am) 100.0 3,704 150 - Cash (Am)…
34 New Reserves and Contingent Resources Investor Presentation Drillsearch Net Reserves & Contingent Resources as at 31 December 2012 Reserves 1P 2P 3P Western Flank 4.5 7.2 11.4 Oil Eastern Margin - 0.6 1.5 Wet Gas…
35 Committed to Good Corporate Citizenship Investor Presentation Corporate and social responsibility are given priority importance Corporate governance upheld to the highest standard Remuneration review extensive process…
36 Proforma Drillsearch Balance Sheet Excluding Acer Investor Presentation Drillsearch stand-alone Consolidated Drillsearch Acer Dec Jun Delta Actual Proforma Movements 2012 2012 Cash and bank balances 83,270 93,630 0 93,630…
37 Impact of Acer Acquisition of Income Statement Investor Presentation Drillsearch stand-alone Consolidated Drillsearch Acer Dec Jun Delta Actual Proforma Movements 2012 2012 Sales Revenue 25,427 25,427 0 25,427 4,641 448%…
38 Impact of Acer Acquisition of Cash Flow Investor Presentation Drillsearch stand-alone Consolidated Drillsearch Acer Dec Jun Delta Actual Proforma Movements 2012 2012 June 2012 Cash Balance 45,695 45,695 0 45,695 50,259 (9%)…
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