1 Investor Presentation Investor Presentation Convertible Notes Issue APRIL 2013
5 Termsheet for the Convertible Notes Investor Presentation Convertible Note Offer Senior Unsecured Convertible Notes due 2018 issued by Drillsearch (Finance) Pty Limited and Structure and Size guaranteed by Drillsearch (Convertible…
6 Key Investment Highlights Investor Presentation Three key factors are changing the Cooper Basin and driving investor interest: 1. Growth in Oil Production Meaningful growth in Oil exploration success and the emergence of the…
7 The Cooper Basin Holds Significant Hydrocarbon Production and Exploration Opportunities Investor Presentation Eastern Australia has a significant resource base with geographic and geological diversity Western Australia Estimated…
8 Drillsearch Energy Cooper Basin Oil and Gas Explorer and Producer Investor Presentation Three business units: Key Data Oil Production, development and exploration Share Price (26 April 2013) (A/sh) 1.19 Wet Gas Production,…
9 Drillsearch Recent History Investor Presentation 1.7 Drillsearch Energy LTD 19-Apr-2013 Bauer to 05-Mar-2012 Lycium 33% increase pipeline of 2P completed Reserves to 11.3 mmboe 1.4 20-Jan-2010 Acquisition of Magellan…
10 The Cooper Basin Consists of Four Key Participants Investor Presentation Metric Santos Beach Energy Senex Market Metrics Market Cap (Am) 518* 11,832 1,775 816 Total Debt (Am) 100 3,704 117 - Cash (Am) 31 Dec 2012 83 2,151 343 150…
11 Equity Markets have Shown Significant Interest in the Cooper Basin Players Investor Presentation Drillsearch Beach Energy 350 350 SharePrice and Rebased to 100 SharePrice and Rebased to 100 250 72.5% 250 1.19 72.9% 150…
12 Investor Presentation Investor Presentation Drillsearch Overview APRIL 2013
13 Growth Platform and Strategy Investor Presentation Western Flank and Inland-Cook Oil Fairways NEAR TERM Develop new oil discoveries Accelerate 3D seismic-based exploration Expand production capabilities Western and…
14 Drillsearch Operates through Three Complementary Business Units, Offering Production Cashflow and Significant Exploration Upside Investor Presentation Oil Wet Gas Unconventional Production Production Status Development…
15 The Business Units are Focused on the Cooper Basin, Which is Well Supported by Existing Infrastructure Investor Presentation Wet gas Oil business Unconventional
16 Oil Business Investor Presentation Key Data HY2013 Production: 175.9 kbbls FY2013 Production Guidance: 900 kbbls (est.) Reserves (2P): 7.8 mmbbls Contingent Resources (2C): 1.9 mmbbls Prospective Resources (mean): 33…
17 Wet Gas Business Investor Presentation Key Data Gas 104,059 boe HY2013 Production: NGLs 38,650 boe Gas 200-300 kboe FY2013 Production (forecast) NGLs 100-150 kboe Reserves (2P): 10.9 mmboe Contingent Resources (2C): 22.0…
18 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 mmbbls…
19 Unconventional Business Investor Presentation Key Data Production: Nil Reserves (2P): Nil Contingent Under evaluation Resources (2C): Mean Shale Gas = 24 TCF* Recoverable Tight Gas = 8 TCF* Prospective Resources* Deep CSG =…
20 QGC (BG Group) JV: A Strategic JV with QGC was formed in 2011 to Explore Unconventional Shale and Tight Gas in ATP 940P Investor Presentation Exploration Work Program QCLNG Overview Ownership BG (QGC) 73.7% Strategic Joint…
21 Unconventional: The Australian unconventional sector has become a focus of the major E&P players Investor Presentation Key Australian Unconventional Farm-Ins / / Amount 60m Amount 152m / Acres 4.0m Acres 4.1m EV / Acre 17.6…
22 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…
23 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…
24 Investor Presentation Investor Presentation Drillsearch Financial Performance APRIL 2013
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