High margin, strong cash- 500,000+ barrels pa oil with netback of A97/bbl1 after costs from Cooper Basin 5th largest onshore oil producer in Australia generating oil production Growing Indonesian oil production Strong balance sheet and…
Total Shareholder Return and Health Safety Environment Community Strategy High margin oil Fundamentals focus: market, technical, cost & commercial Gas portfolio Leverage and grow strengths People Funding Assets Extensive…
million unless otherwise indicated H1 14 H1 13 Production MMbbl 0.30 0.21 + 41% Sales volume MMbbl 0.29 0.21 + 37% Sales revenue 37.0 23.4 + 58% Net profit after tax 13.6 4.6 + 198 % Cash flow from operations 24.2 2.1 +1,034%…
2P Reserves Production Year to date production (MMbbl) MMbbl kbbl nine months to March 3.0 0.9 41 0.8 2P Reserves 0.7 14 2.0 0.6 0.5 Indonesia 0.4 Production 415 Cooper Basin 1.0 0.3 324 0.2 0.1 0.0 0.0 2004 2005 2006 2007…
Cooper Basin Oil Oil production Development & appraisal Exploration Otway Gas Exploration Gippsland Gas & Oil Development Appraisal & exploration Indonesia (onshore Sumatra) Oil production, development and appraisal Oil & gas…
Production: 0.6 MMbbl pa Market, cost & value focused Basin focussed strategy Cash & financial assets 80 mill BMG Project, Gippsland Production growth High margin & cash generation Finance facilities 40 mill Low risk value-add Otway…
Oil production and exploration - current approximately 1,500 bopd (net) Exploration and development continues to add reserves - Cooper Energy Cooper Basin cumulative exploration success rate of 33% from FY03 FY13 - new opportunities…
PJ 800 Forecast east cost domestic demand Contracted Supply opportunity incorporated into COE 700 supply from: strategy from 2012 600 Surat-Bowen Built market understanding; buyer 500 relationships; cost curve positions; and Bass…
Gippsland Basin: Eastern Australias largest gas source: BMG Project: 65% interest & Operator Hold 22.9% interest in Bass Strait Oil Company (BAS) Otway Basin: ideally located Built acreage position through acquisition and trades…
65% interest holder and Operator of BMG gas and liquids project Existing wells and gas-gathering infrastructure Economic enhancement options through adjacent fields & infrastructure To be included in year-end review of resources and…
Strong position across Penola Trough Proven basin for conventional plays Close to markets and infrastructure Jurassic source rocks are gas prone with liquids potential 2 deep (approx 4,000m) wells from January 2014 Jolly-1:…
Prolific hydrocarbon region 285 discoveries - 3 billion bbl oil & 25 TCF gas Not rigorously explored with 3D Emerging Coal Bed Methane (CBM) & shale plays US8 - 10/GJ gas prices & market access Existing infrastructure Fit with…
Sukananti KSO (COE 55%) Currently 300 bopd (100% basis) Multiple low risk development opportunities 2 workovers plus development drilling planned from mid-2014 Targeting production growth Contractor share: oil 15%: gas 20%1 Sumbagsel…
3 permits covering 12,600 km2 Hammamet West oil discovery - gross contingent resource estimated to be 12.6 MMboe (1C) to 110.4 MMboe (3C)1 - oil development opportunity - to be tested further by Hammamet West-3 ST- 2 in 2015…
Net Production mmboe Sustain and grow existing production and cashflow Exploration: Transformational impact from gas strategy - Indonesia, Otway, Cooper Basin Acquisitions especially BMG development Exploration in Cooper Basin,…
FY14 Production guidance upgraded to 575,000 600,000 barrels of oil, up 18% - 22% on FY13 Record financial results forecast FY14 Reserves and Resources to include significant additions for Gippsland and Hammamet West Plus numerous…
Appendices
Reserves1 MMbbl as at 30 June 2013 1P 2P 3P Reserves and resources updated annually as Cooper Basin 0.95 1.80 2.89 at 30 June 2014 Indonesia 0.06 0.35 0.64 Resources as at 2014 to include additions Total 1.02 2.16 3.53 for: Tunisia: 11…
Shale Liquids content Inerts content e.g. CO2, N2 Size/economy of scale CSG Community & approvals Tight conventional Access to infrastructure Conventional Distance/cost to market
3 wells planned before end of FY14 Seismic interpretation of the Irus and Caseolus 3D ongoing to add to drilling portfolio Seismic reprocessing and inversion underway to address existing Namur play and emerging Birkhead Channel…
Worrior-8 flowed 670 barrels of oil per day with 0.7 million standard cubic feet of gas in 2013 Worrior-10 intersected 4.5m net oil pay Patchawarra Depth Map (5m) Reserve potential under evaluation Plan to drill further appraisal…
South Bungaloo-1 Sawpit-2 North Salamander-1 Sawpit-1 Jolly-1 Dilwyn Formation 500 metres Aquifer Eumeralla Formation 2000 metres Laira Formation 4000 metres Pretty Hill Formation Subsurface fault Casterton…
First half production up from 54 bopd to 158 bopd (COE share) due to successful workover initiative 2 workovers planned for second half FY14 Development/appraisal drilling planned from mid 2014 Targeting further production…
COE awarded permit April 2011 for a 6 year initial exploration term Acquired 257 km of 2D seismic Key play types are structural and carbonate reefs Typical prospect sizes 5-10 MMbbl oil CBM potential Forward plan complete new…
COE awarded permit May 2013 for a 6 year exploration initial term Key play types are structural and carbonate reefs Shallow oil prospect potential 5-10MMbbl Deep gas prospect potential 100 to 500Bcf CBM potential Forward plan…
1C 2C 3C Gross Contingent Resource Estimates (P90) (P50) (P10) Oil MMbbl 11.6 34.5 99.8 Gas2 Bcf 5.3 17.9 59.7 Total Mmboe3 12.6 37.7 110.4 Net 4 Contingent Resource Estimates for Cooper Energy Oil MMbbl 3.5 10.4 29.9 Gas2 Bcf 1.6…
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