Gippsland Gas Projects Completed acquisition of Sole gas field and Orbost gas plant Upgraded Sole1 2C gas resource 14% to 241 PJ Commenced Front End Engineering and Design for Sole Gas Project FID in September quarter 2016 Secured…
Sole gas project Final Investment Decision Project forecast to generate revenue of 85 - 100 million1 pa to Cooper Energy from 2019 Complete the exit from non-Australian operations 1 Based on existing equities 4
FY22 5 million boe Low cost Conventional Existing plant Proven technologies FY20 over 2 million boe Gippsland liquids Gippsland gas Sole plus Manta Existing oil with exploration & appraisal FY15 Sole gas project 0.5…
Eastern Australia domestic demand and contracted supply PJ 2,500 Eastern Australian gas demand 2,000 NGP 1,500 Cooper Otway Bass Gippsland 1,000 Surat-Bowen Demand 500 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024…
South East Australia production from existing suppliers Forecast South East Australia gas demand and supply balance PJ pa Pj pa 450 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 400 350 = shortfall 300 by year -50 250 200 =…
Gladstone drawing gas from Eastern Australia Existing producing fields in decline Eastern Australia: new contracts needed from 2018 Queensland and Cooper Basin commitments to Gladstone LNG Gladstone taking gas from sources…
to Melbourne Eastern Gas Pipeline to Sydney Orbost Gas Hub COE 50%, STO 50% & Operator Sole Gas field COE 50%, STO 50% & Operator Patricia Baleen (depleted) (STO 100%) 241* PJ Longtom (SVW 100%) 2.6 *MM bbls 106* PJ…
Indicative gross PJ 60 Sole and Manta can produce more than 360 PJ (gross) from current projects 50 25 25 25 Peak production 50 PJ p.a. 21 Strong stable cash flow anticipated 40 Gas price of 7 to 8/GJ generates 350 million to 11…
Gas contracts Targeting 10 PJ pa for FID Heads of Agreement with O-I Plant & facilities Finance Front End Engineering & Design Funding strategy done 55% complete end-February Funding options Under budget On schedule FID…
Production costs Cooper Energy oil production Direct cost A per barrel Million barrels FY16 first half 0.7 0.6 0.59 0.5 30 Netback 0.52 0.47 0.49 0.48 0.4 0.50- 0.41 to 7 Royalties 0.3 0.45 13 Transport expenses 0.2 Operating…
FY16 FY17 Dec Qtr Mar Qtr Jun Qtr Sept Qtr Gippsland data room opens FEED on schedule Indonesia data room opened Gas sales contracts secured Indonesia exploration assets sale Indonesia production asset sales process FEED…
95 PJ Contracted gas Firm gas sales agreements for 95 PJ that are expected to generate revenue between 660 million to 760 million (COE current share) at gas prices of 7 to 8/GJ over 8-10 years 90 PJ Uncommitted gas Gas available for…
Key figures Cooper Energy is an independent Australian exploration and Shares on issue 333.7 mill production company Shareholders 4,995 Cash generating from production of approx. 450,000 - 500,000 Market capitalisation2 63 mill…
1 2 3 4 450,000500,000 bbls pa Gippsland Basin Gas Hub Net cash & investments : Management experienced in Operating cost1: A31/bbl 30 million1 gas commercialisation 2C Contingent Resource: 347 PJ2 5th largest onshore Zero debt1…
H1 FY16 oil production of 175 kbbls, in line with estimates Operating cash cost of A32.50/bbl (FY16) including transport and royalties Connection of Callawonga 10 & 11 in Sept-Oct All drilling deferred into FY17 Callawonga facilities…
Sole Gas Field Contingent Resources (2C) of 241 PJ Sole gas field in FEED for development to supply gas from Jan quarter 2019 FEED expected to complete/proceed to FID in Sept quarter 2016 Sole Gas project development: single vertical…
Opportunity for capital efficient development through use of existing infrastructure and coordinated development Gippsland Gas Hub centred around Orbost Gas Plant for Sole, Manta and other gas resources in the region Potential…
Gas resource of 106 PJ 2C Contingent and Risked Prospective Resource of 10 PJ1 Focus on Golden Beach reservoir, not Intra Latrobe accessed by BMG oil project COE Business case identified economic opportunity for Manta development…
A A Untested Golden Beach reservoirs are identified within the same structure below proven gas in the Manta field Potential to evaluate multiple additional reservoir sections by drilling Manta-3 another 1,000 metres deeper than…
Gippsland Basin Gas Projects: moving ahead, contracting gas, resource estimates upgraded Sole FEED on schedule and under budget; 44% complete Sole Contingent Resource1 upgraded 14% to 241 PJ (gross; COE share 121 PJ) Initial HOA for…
Revised capex Capex vs PCP guidance1 million million y.o.y.3 15 H1 16 H1 Change FY 15 FY16H2 FY16F change Cooper Basin 4.3 0.8 - 3.5 Cooper Basin 8 2 3 -4 Otway Basin 0.7 0.1 -0.6 Otway Basin 1 02 02 -1 Gippsland Basin 1.6 8.6…
Fully funded for FY16 million Financial assets in place at 31 Dec 15 of 30 million plus: A10 million net proceeds from Indonesian exploration acreage divestment finance facilities Finance facilities in Up to 40 cash flow from…
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 Formation Casterton Formation unconventional shale gas play Victorian acreage subject of application to…
Data room Initiated December quarter Exploration acreage: Sumbagsel and Merangin III PSCs (COE 100%) Agreed sale to Mandala Energy for US8.25 million1 subject to Indonesian Government approval Expect transaction to complete within…
FID First Gas Gas Production FID Business First Gas Case Prod'n Manta-3 Sole Development Manta Development Sole Manta Gas Sales Agreements Sole Gas Sales Agreements LOIs Sole Reserves Manta Reserves Booking…
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