Oil driven production growth from Eagle Ford Pure Eagle Ford Shale producer developing highly contiguous 80,000 gross (22,000 net) acres in the Sugarkane Field on an operated and non-operated basis. High margin oil drives rapid…
Production ramping Production growth over last 6 months of 30% and CQGR of 30% over last 6 quarters Production 2.61 net mmboe for half year Production grew to over 15,000 boe/d (net of royalties) 2013 exit production forecast of…
High margins drive financial growth Market Cap (1) (US) 1,330 mm Cash (US) 165 mm Total Debt(2) (US) 665 mm Enterprise Value (US) 1,830 mm FY2012 EBITDAX(3) (US) 167 mm 1H 2013 EBITDAX(3) (US) 156 mm Q2 2013 EBITDAX(3) (US) 80 mm…
Why focus on the Eagle Ford First mover advantage First choice of acreage Low cost entry Economics Infrastructure Supportive local community and government Services available Pricing www.auroraoag.com.au ASX: AUT TSX: AEF 8…
Where are we heading Strong organic liquids production growth from the Sugarkane Field Focus on project execution and improvement of recovery factors in existing holdings Reach conclusions on appropriate density of drilling at…
Operated Position 100% operated interest in 2,700 net acres in Karnes and Atascosa counties - all held by production(1) Acquired end Q1 2013 with 11 producing wells 6.7 mmboe net 1P reserves, 84% liquids(2) Q2 2013 average daily…
Non-Operated Position Low risk, fully delineated Eagle Ford position 19,100 net acres (1) 800 gross proved well locations based on predominantly 80 acre spacing WI% from 28% to 36% in Karnes, and 9.1% in LONGHORN - 31.9% Atascosa…
Operational advances New drilling techniques enhancing already strong economics Longer laterals Pad drilling Down-spaced operated Eagle Ford to 40 acres Expect December 2013 release on non-operated increased density New completion…
Reserves Pre-March 2013 Acquisition Net Proved Reserves at Year-End 2012 Type Oil Condensate NGLs Nat Gas Equivalent (mmbbl) (mmbbl) (mmbbl) (bcf) (mmboe) Proved Developed 5.7 3.5 3.0 22.3 15.9 Proved Undeveloped 17.4 11.9 10.7…
Eagle Ford Infill Opportunities Well Spacing 80 660 between wells acre 10,000 12,000 vertical 60 acre 500 between wells 175 EAGLE FORD 40 330 between wells acre 330 500 40 ac For illustrative purposes only. Not 60…
Austin Chalk Horizontal Potential Well Spacing 80 660 between wells 9,650 11,650 vertical acre 160 AUSTIN CHALK 60 acre 500 between wells 175 EAGLE FORD 40 330 between wells acre 330 500 40 ac For illustrative…
Update on Increased Density and Austin Chalk Eagle Ford Down Spacing Pilot program has 6+ months of production history with results indicating comparable performance to 80 acre type curve More than 25% of Eagle Ford wells drilled to…
Strong economics & balance sheet
Development Driving Profitability Quarter by Quarter growth rates Full Year 2013 average production expected to be: Pre-royalty: 19,700 21,900 boe/d compared to 2012 average of 10,680 boe/d Post-royalty:14,500 16,200 boe/d…
Aurora Production Mix and Netbacks Q2 2013 High Valued, Liquids weighted Gas 20% Oil 39% Based on gross Q2 2013 production of 1.85 mmboe NGL 17% Production Operating Netback US46.15/boe EBITDAX(1) US43.35/boe Cond 24% NPAT…
Netbacks Sensitivities 2013 /BOE 90 Aurora Netbacks - Sensivitity Eagle Ford Economics 80 Revenue (Blended) Auroras Eagle Ford shale acreage is EBITDAX (6) Funds from Operations (6) down the global cost curve 70 All Sugarkane…
Well Capitalised US millions Jun 30 2013 Strong liquidity with US165mm cash Cash 165 and 200mm undrawn credit facility No principal maturities until 2017 Credit Facility - 9.875 % Senior Notes due 2017 365 Maintain active…
Transaction fundamentals - disciplined execution Attractive underlying assets including location, acreage quality and technical details Assets Fit with existing assets Well-positioned properties vs competitors and infrastructure…
Appendices
Hedging Summary as of August 1, 2013 Collars Swaps Total Volume (no premium) WTI (1) LLS (1) WTI (2) Hedged Oil Avg. Hedge Oil Avg. Hedge Oil Avg. Floor Avg. Cap Oil % of Estimated Hedged Price Hedged Price Hedged Price Price…
EBITDA/EBITDAX Reconciliation Three months ended LTM Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 June 30, 2013 US'000 US'000 US'000 US'000 Net earnings after tax 25,694 29,611 23,798 95,116 Adjustments: Share based payments expense…
Funds from Operations Reconciliation Three months ended LTM Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Jun 30, 2013 US'000 US'000 US'000 US'000 Net profit after tax 25,694 29,611 23,798 95,116 Add/(less) non-cash items Depletion,…
Financial Summary Selected Financial Data Selected financial data Qtr Qtr Qtr Qtr Qtr Qtr US/boe 12 Months to (US in thousands) Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Jun-13 Jun-13 PRODUCTION: Tota l net producti on (boe) - pre-roya l ty…
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