Gas project development Oil production Exploration Bungaloo-1 Otway Basin Orbost gas plant David Maxwell, Managing Director 3 September 2015
Cooper Energy a re-introduction Since 2002 Cooper Energys business has been onshore oil production and exploration.. we are now in the midst of transforming to one of Australias largest mid-cap gas producers, whilst retaining our low…
Indicative Cooper Energy production from existing assets Current projects have capacity to take production from 0.5 to 5 million boe pa FY22 Low cost Conventional Proven technologies FY20 Gippsland liquids Gippsland gas…
Reserves and Contingent Resources at 30 June 2015 Cooper Basin & Indonesia oil Reserves; Gippsland Basin Contingent Resources 2P Reserves1 Australia Indonesia Total Million barrels Developed 1.16 1.02 2.18 Undeveloped 0.22 0.68…
Oil production Maintaining 500,000 barrels per annum, low production cost that generates cash, plus hedging in place FY16 production guidance Production costs MMbbl Direct cost A per barrel 0.59 0.52 0.55 0.49 0.48 to 0.50 0.45…
Oil business: Cooper Basin PRLs 85-104 (ex-PEL 92) & PEL 93 PEL 92 replaced 120% of 2015 production PEL 92 key 2015 outcomes: oil production of 400 kbbls 35/bbl total operating cost including transport and royalties 2 successful wells…
Indonesia 2015 production up 36% and reserves up 260% Full year production up from 55 kbbls to 75 kbbls Total operating cost of A45/bbl including transport Bunian-3 appraisal/development well success : - TRM3 Sand developed and new…
The opportunity in gas COE identified opportunities in the emerging shortfall between forecast demand and existing contracts Eastern Australia demand and contracted supply (PJ) 800 Contracted supply from: 700 Forecast east coast…
Gippsland Basin gas projects Focussed on project do-ability, access to market and value Portfolio in place Acquired 50% of VIC/RL3 including Sole gas field Acquired 50% of Orbost gas plant Completed transfer of VIC/L 26, L2, L28 (BMG)…
Gippsland Gas Projects and Orbost Gas Hub Marketable gas volumes, existing plant and pipeline access in place to Melbourne Eastern Gas Pipeline to Sydney Orbost Gas Hub COE 50%, STO 50% Sole Gas field COE 50%, STO 50% &…
Sole and Manta gas production profile1: 100% Joint Venture volume Gas sales revenue of 1.9 - 2.9 billion at 6 - 9 /GJ and additional revenue from liquids Indicative gross PJ 60 Gippsland gas projects can produce approximately 320 PJ…
Cooper Energy indicative1 production Gas projects deliver transformational growth to 2.5 million boe then to 5 million boe pa Indicative net production (mmboe) 6 5 4 Manta - Liquids 3 Manta - Gas 2 Sole - gas Existing2 Cooper…
Funding Funding strategy Funding analysis and strategy completed in phases including post-Gippsland developments (with Grant Samuel advising) Operating cash flow Multiple funding options available including asset divestments and…
Coming milestones1 Succession of gas projects milestones and catalysts in coming 6 18 months 6 months to 31 Dec 15 Secure threshold gas sales Heads of Agreement for Sole development Finalise funding structure Drilling in Indonesia…
To sum up Solid existing business being transformed by existing conventional gas projects Current - strong balance sheet, cash generating production, reserves and resources: Production of 450 550 kbbls in FY16; A38/bbl cash cost is…
Appendices
Company snapshot ASX listed, strong balance sheet and stable share register Cooper Energy is an independent Australian exploration Key figures and production company Shares on issue 331.9 mill Cash generating from production of…
Business model and focus Focus on returns & care through disciplined application of resources and core skills Total Shareholder Return and Health Safety Environment Community Strategy High margin oil Fundamentals focus: market,…
Major exploration and development activities FY16 Location License Operator Sept Qtr Dec Qtr March Qtr June Qtr 2 development wells and 2 exploration wells, 2 PEL 92 Beach contingent wells, seismic processing Cooper PEL 90,…
Reserves & Resources1 Petroleum Reserves at 30 June 2015 (MMbbl) Category Proved (1P) Proved plus Probable (2P) Proved, Probable plus Possible (3P) Australia Indonesia Total Australia Indonesia Total Australia Indonesia Total…
FY16 guidance Production guidance comparable with historical trend, Gippsland gas accounts for most capex FY16 production guidance 0.45 MMbbl - 0.55 MMbbl (excludes exploration success or significant production interruption) Indonesia…
Indicative gas supply cost curve Indicative illustration of various reservoir types in Eastern Australia Economic ex-field gas price /GJ Other key variables Shale Liquids content Inerts content e.g. CO2, N2 Size/economy of scale…
Gas business Portfolio of gas assets built around competitive supply costs and access to market Market-driven approach Building customer relationships Gas sales terms being negotiated Pipeline transport expertise Otway…
Sole Gas Project Simple stand alone field development utilising existing plant Sole Gas Field Contingent Resources (2C) of 211 PJ Sole gas field in FEED for development to supply gas from Jan quarter 2019 FEED expected to…
Manta Gas Project 65% interest and Operator of gas project offering commercial opportunity and synergies with Sole Gas resource of 106 PJ 2C Contingent and Risked Prospective Resource of 10 PJ COE Business case identified economic…
Gippsland gas project status Working towards FID with a defined resources base and customer support Current position Next steps Project Sole project in FEED Sole FID due Sept Qtr 2016 development BMG Business Case highlights Manta…
Gippsland gas projects indicative* timeline Key commercial and project milestones for value accretion in coming 12 28 months Calendar Year 2015 2016 2017 2018 2019 2020 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4…
Gippsland Basin interests Strategy execution - built Cooper Energy to be a significant player in the development of Gippsland Basin gas 2012: identifies strategic value of Gippsland Basin gas for Eastern Australia acquires stake in…
Otway Basin Drilling results and analysis confirm prospectivity for conventional gas and shale potential Analysis of Jolly-1 and Bungaloo-1 well data in PEL 495 and PRL 32 has confirmed; A deep conventional gas play in Lower Sawpit…
Tunisia Shareholder value driven monetisation of extensive portfolio 3 permits covering 12,600 km2 Hammamet West oil discovery gross contingent resource estimated to be 12.6 MMboe (1C) to 110.4 MMboe (3C)1 oil development…
Notes Presentation to RIU Good Oil Conference 3 September 2015 34
Contact details Website: cooperenergy.com.au Investor relations: Don Murchland +61 439 300 932 donmcooperenergy.com.au Address: Cooper Energy Limited Level 10, 60 Waymouth St Adelaide SA 5000 + 61 8 8100 4900 Presentation to RIU…
Loading...
