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Good Oil Conference – Awe Limited

Awe Limited · Sep 14, 2017 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Good Oil Conference – Awe Limited – slide 1
    AWE Limited GOOD OIL CONFERENCE 14 September 2017 Perth, Western Australia DAVID BIGGS CEO and Managing Director
  2. Good Oil Conference – Awe Limited – slide 2
    Waitsia-4 appraisal well Agenda 1 Introduction to AWE 2 Major Projects 3 Summary 3 3
  3. Good Oil Conference – Awe Limited – slide 3
    Introduction to AWE 4
  4. Good Oil Conference – Awe Limited – slide 4
    Strategy unlocking value FOCUSED ON BECOMING A LEADING AUSTRALIAN MID-CAP E&P COMPANY 1 Waitsia Stage 1A Maximise production and BassGas compression revenue Recontract Casino gas production Recontract BassGas production 2…
  5. Good Oil Conference – Awe Limited – slide 5
    Strong growth potential in place SIGNIFICANT GROWTH POTENTIAL FROM HIGH VALUE DEVELOPMENT PROJECTS Potential Forward Production Outlook Indicative only for Waitsia Stage 2 and AAL. Assumes AAL at 50% equity post FID. Based on…
  6. Good Oil Conference – Awe Limited – slide 6
    Reserves and Resources PORTFOLIO OF VALUABLE 2P AND 2C ASSETS REMAINS STRONG AWE 2P Reserves and 2C Resources (as at 30 June 2017) 120 109.5 109.5 100 Ande Ande Lumut 2C Resources - Liquids (AAL) 80 MMboe 60 51.9 2P…
  7. Good Oil Conference – Awe Limited – slide 7
    Focused on regional opportunities PORTFOLIO OF QUALITY PRODUCTION, DEVELOPMENT AND EXPLORATION ASSETS WA OFFICE PERTH 8
  8. Good Oil Conference – Awe Limited – slide 8
    Key achievements in FY17 STRONG PROGRESS MADE ACROSS BUSINESS WAITSIA THE FOCUS Base Business Development Projects Portfolio Management Safety - strong safety performance Waitsia Stage 1A - delivered on time Tui oil fields…
  9. Good Oil Conference – Awe Limited – slide 9
    Health, Safety, Environment & Community HSE&C ARE CRITICAL TO AWE MAINTAINING ITS POSITION AS A TRUSTED OPERATOR No Lost Time Injuries recorded in FY17 825 days injury free to 11 September 2017 No significant environmental incidents…
  10. Good Oil Conference – Awe Limited – slide 10
    Major Projects 11
  11. Good Oil Conference – Awe Limited – slide 11
    1 Onshore Perth Basin Waitsia Gas Project Waitsia-4 12
  12. Good Oil Conference – Awe Limited – slide 12
    Waitsia Stage 1A EXCEEDS EXPECTATIONS First gas achieved on time and under budget Comprises 2 wells in extended production test (Senecio-3 and Waitsia-1) Preliminary well performance has exceeded pre-production expectations…
  13. Good Oil Conference – Awe Limited – slide 13
    Waitsia Stage 2: Project overview WAITSIA STAGE 2 GROWING IN VALUE Waitsia Stage 2 comprises the development of a gas plant and associated infrastructure, capable of producing 100 TJ/day of gas for at least 10 years into the Western…
  14. Good Oil Conference – Awe Limited – slide 14
    Waitsia Stage 2 Scorecard MATERIAL PROGRESS ON KEY DEVELOPMENT WORK STREAMS 2017 2018 1 RISC certify 2P Waitsia-3 & -4 Additional Reserve Subsurface Reserves to underpin drilling results upgrades likely 10yr project exceed…
  15. Good Oil Conference – Awe Limited – slide 15
    1 Subsurface 2P CONVENTIONAL RESERVES SECURED FOR STAGE 2 PROJECT Reserves certified and upgraded Strong progress has been made on this work stream in FY17 All Waitsia Reserves booked are for conventional gas resources Waitsia-3…
  16. Good Oil Conference – Awe Limited – slide 16
    2 Gas Marketing STRONG DEMAND FOR GAS Market and price range for Waitsia gas established Aiming to contract substantial gas volumes in 2017 Positive feedback from potential customers that Waitsia gas increases competition,…
  17. Good Oil Conference – Awe Limited – slide 17
    3 Facilities FEED DESIGN COMPETITION Design competition expected to deliver competitive tension to facility pricing The project moved from Pre-FEED to FEED in June 2017 New Picture FEED is carried out via a design competition…
  18. Good Oil Conference – Awe Limited – slide 18
    Greater Waitsia exciting exploration potential FURTHER DEVELOPMENT POTENTIAL IN WAITSIA BEYOND STAGE 2 1 AWE has the largest 2 Kingia and HCSS horizons 3 Beharra Springs Deep exploration acreage position in the AWE holds…
  19. Good Oil Conference – Awe Limited – slide 19
    2 East Coast Gas Casino and BassGas Lang Lang gas plant 20
  20. Good Oil Conference – Awe Limited – slide 20
    Casino: opportunities for growth CASINO WELL PLACED TO LEVERAGE UPSIDE IN EAST COAST GAS PRICES Transition of Operatorship from Santos to Cooper Energy complete Recontracting of remaining gas reserves has commenced expect to…
  21. Good Oil Conference – Awe Limited – slide 21
    BassGass: MLE project completed POTENTIAL GROWTH OPPORTUNITY TREFOIL FIELD DEVELOPMENT Final stage of MLE project (compression hook-up) completed in June 2017 Following a brief period of commissioning, production increased to…
  22. Good Oil Conference – Awe Limited – slide 22
    3 Charcoal Section Indonesia Ande Ande Lumut (AAL) Drilling AAL-4XST1 Appraisal Well 23
  23. Good Oil Conference – Awe Limited – slide 23
    AAL Development delayed AAL REMAINS AN OPTION TO INCREASED OIL PRICES 4XST1 appraisal well completed ahead of time and under budget in FY17 Improved oil quality in K and G sands both reduces future capex and increases revenue Better…
  24. Good Oil Conference – Awe Limited – slide 24
    Summary 25 25
  25. Good Oil Conference – Awe Limited – slide 25
    Summary GROWTH FROM WAITSIA, EXPOSURE TO STRONG EAST COAST GAS MARKETS, AN OPTION ON OIL PRICE 1 Waitsia Stage 2 Project - building momentum to FID Reserves sufficient 2P Reserves in place for 10 year project and beyond Gas…
  26. Good Oil Conference – Awe Limited – slide 26
    THANK YOU 27 27
  27. Good Oil Conference – Awe Limited – slide 27
    Reserves and Contingent Resources The Reserves and Contingent Resources in this report are based on and fairly represent information and supporting documentation prepared by and under the supervision of qualified petroleum Reserves and…
  28. Good Oil Conference – Awe Limited – slide 28

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