Bungaloo-1 Otway Basin Presentation to Noosa Mining & Exploration Conference David Maxwell, Managing Director Cooper Energy 17 July 2014
Whats happened since last years presentation Record production and earnings, gas assets added and maintained strong balance sheet Financial results and production at record levels COE share price Year to date production up 35% at March…
What we are building towards. Applying our technical and financial resources to grow to a significant mid-cap oil and gas leader Here and now The 3- 5 year vision Oil production 0.5 MMbbls+ Cooper Basin production focus Oil and gas…
Business elements Strategy for growth involves 3 areas, underpinned by financial and technical resources Strong oil business Developing gas business Indonesia growth Cooper Basin Western Flank, Indonesia Gippsland Basin, Otway…
Strong oil business Production of circa half a million barrels per annum with high margin and cash flow Solid production base Low cost production Sustained reserves growth 0.7 0.6 2.5 0.58 0.5 2.0 0.52 to Netback 1 0.49 0.49 0.60…
Strong oil business: Cooper Basin PEL 92 & 93 Prime acreage on prolific western flank of Cooper Basin Oil production and exploration - current approximately 1,370 bopd (net) - Rincon discovery online mid-June 14 Exploration and…
Cooper Basin: PEL 90K, 100 & 110 Drilling on 3D seismic in lightly explored acreage in northern Cooper Basin 1,169 km2 in northern SA Cooper Basin Lightly explored region with extensive Dundinna 3D seismic survey 577 km2 Processing…
East Coast domestic gas outlook Growing gap between contracted supply and anticipated demand PJ 800 COE strategy initiated in 2012 700 Forecast east coast domestic demand Contracted supply from: Built market understanding; buyer 600…
Developing gas business Building a portfolio of gas production assets around the fundamentals of cost and market Market Market-driven approach Building customer relationships Pipeline transport expertise Cooper Basin Existing…
Developing gas business: BMG and Gippsland Basin Conventional gas supply, with access to market and exploration upside 65% interest holder and Operator of BMG gas and liquids project Existing wells and gas-gathering infrastructure…
Developing gas business: Otway Basin Gas exploration in well-located, gas producing basin Strong position across Penola Trough Proven basin for conventional plays Jurassic source rocks - gas prone with liquids potential Close to…
Indonesia: South Sumatra Basin Acreage offers low risk value-add opportunities and company-maker targets Sukananti KSO (COE 55%) Currently 270 bopd (100% basis) Multiple low risk development opportunities 2-3 development wells…
Near term outlook highlights The coming 12 months holds a number of value catalysts FY14 New benchmarks in financial performance and resources Record Results On track for record production and financial results Increased Resources…