2015 ANNUAL GENERAL MEETING Jim McKerlie - Chairman 18 NOVEMBER 2015
OIL PRICE 1861 - 2015 (IN 2013 US) Source: Goldman Sachs 3 DRILLSEARCH ANNUAL GENERAL MEETING NOVEMBER 2015
PARTIAL RECOVERY IN OIL PRICES NOT SEEN UNTIL 2018 2013 2014 2015 2016 2017 2018 2019 AVERAGE AVERAGE AVERAGE FORECAST FORECAST FORECAST FORECAST Mean 108.71 99.49 55.43 57.97 64.23 70.12 69.68 Based on 48 analysts surveyed by…
CATALYST FOR INDUSTRY STRUCTURAL CHANGE Global US230 billion of oil and gas M&A in 20151 Includes Shells US79 billion takeover of BG Australia US26 billion of oil and gas M&A in 20152 Woodside offer for Oil Search Santos…
MERGER OF BEACH AND DRILLSEARCH POSITIONING FOR FUTURE GROWTH THROUGH A LOGICAL COMBINATION
TRANSACTION HIGHLIGHTS All-scrip merger with Beach Energy via a scheme of arrangement Structure Drillsearch shareholders will receive 1.25 Beach shares for each Drillsearch share held Values Drillsearch at 0.83 per share or a…
TAKING DRILLSEARCH TO THE NEXT LEVEL Enhanced scale with capacity to pursue organic and inorganic growth options Market capitalisation (A million)1 1,169 866 303 Combined AWE Lonestar NZOG Energy World…
COOPER BASIN AT THE CORE FOR BOTH COMPANIES Combined interests in permits covering 69,000 km2 9 DRILLSEARCH ANNUAL GENERAL MEETING NOVEMBER 2015
THE ADVANTAGE OF SIZE We will become a much larger organisation and be able to pursue growth from a position of strength Our aggregated earnings and cash flows will increase our borrowing capacity We will be better positioned to…
TWO COMPANIES ALIGNED ON STRATEGY Underpinned by similar values and approach, and a history of successful partnership Cooper Basin core provides platform to consider the emerging opportunity set created by the weakness in…
MERGER BENEFITS Creating the leading ASX-listed oil and gas mid-cap Primed to pursue growth opportunities Creating a business based on expertise and a track record of growth Balance sheet strength allowing new opportunities to be…
INTEGRATION PLANS Ensuring a seamless transition Recruitment process for a Beach CEO well underway Merger Integration Group to manage: Internal and external communications Delivering a plan for integration that takes into account:…
INDICATIVE TIMETABLE Event Date First Court Date Mid-December 2015 Despatch Explanatory Booklet to Drillsearch shareholders and lodge with ASX Mid-December 2015 Drillsearch shareholder meeting to vote on the scheme Late January…
ON BEHALF OF THE BOARD OF DIRECTORS Thank You Shareholders Fellow Directors Chief Executive Executives Team Joint venture partners Advisers Suppliers 15 DRILLSEARCH ANNUAL GENERAL MEETING NOVEMBER 2015
HEAD OFFICE Level 18 321 Kent Street Sydney NSW 2000 P: +61 2 9249 9600 F: + 61 2 9249 9630 E: admindrillsearch.com.au W: drillsearch.com.au Please contact for further information Dudley White General Manager Corporate…
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