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PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd.

Drillsearch Energy, Ltd. · May 30, 2014 · 12 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. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 1
    Proposed Acquisition of Ambassador Oil and Gas 30 May 2014 Consolidating our position in Northern Cooper Wet Gas
  2. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 2
    Summary Compelling bolt-on acquisition that consolidates Drillsearchs position in Northern Cooper Wet Gas All-scrip recommended offer at a significant premium Relevant interest in 19.9% of Ambassador already acquired…
  3. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 3
    Overview of the intended offer Drillsearch announces its intention to make a conditional off-market takeover offer for Transaction Ambassador Oil and Gas Limited (ASX:AQO) (Ambassador) overview Offer consideration is 1 Drillsearch…
  4. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 4
    Why Ambassador shareholders should accept the offer Compelling scrip offer that provides a significant premium Ambassador Directors have recommended acceptance in the absence of a superior proposal Drillsearch has entered into…
  5. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 5
    Corporate Strategy: Drillsearch Overview OIL NEAR-TERM ENGINE WET GAS MEDIUM-TERM UNCONVENTIONAL UPSIDE AND CASH FLOW GENERATOR DRIVER OPPORTUNITY Australias third-largest onshore Commercialise multiple existing Proving up…
  6. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 6
    Wet Gas: Major Market Opportunity Eastern Australian gas demand is expected to almost triple by 2025, driven largely by new LNG export projects. Ideally placed to become a meaningful supplier to East Coast gas markets: Only current…
  7. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 7
    Northern Cooper Wet Gas: Active Work Program in FY2015 Significant investment in 3D seismic Seven discoveries over five permits Patchawarra Trough source for liquids-rich fields such as Tirrawarra and Fly Lake Close to pipeline…
  8. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 8
    Transaction Rationale Maps indicate increase in extent of the complex since 2008 PEL 101 and 570 structural stratigraphic play potential seen as analogous to SACBJVs Greater Tindilpie complex in southern Patchawarra Trough…
  9. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 9
    Transaction Rationale Map shows the location of PELs 570 and 101 in relation to Origins farm-in deal with Senex over Area B of PEL 514. DRILLSEARCH PROPOSED ACQUISITION OF AMBASSADOR OIL AND GAS MAY 2014 9
  10. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 10
    Transaction Rationale Full carry on a 42.5 million work program in PEL 570 targeting unconventional resource potential Program to be operated by New Standard Energy, with technical support from experienced US unconventional E&P…
  11. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 11
    Summary Continues Drillsearchs consolidation of the Cooper Basin Great Artesian, Acer Energy successfully acquired Provides Ambassador shareholders with a significant premium and exposure to a profitable ASX 200 oil and gas…
  12. PROPOSED ACQUISITION AMBASSADOR OIL GAS – Drillsearch Energy, Ltd. – slide 12
    HEAD OFFICE LEVEL 16 55 CLARENCE STREET SYDNEY NSW 2000 PH: +61 2 9249 9600 FX: + 61 2 9249 9630 E: ADMINDRILLSEARCH.COM.AU W: WWW.DRILLSEARCH.COM.AU Please contact for further information DUDLEY WHITE GM CORPORATE COMMUNICATIONS

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