Webcast: http://event.on24.com/r.htme=937537&s=1&k=D1CDC76EC6C5CC0372C19651B0F32E4A Conference call: Conference ID number: 8138 1786 Australia: Toll free: 1800 123 296 International dial- in: Toll: + 61 2 8038 5221 - (can be used…
Substantial oil price decline had a significant impact. 1. First Half results include lower sales revenue, impact of impairments and expenditure to acquire and develop gas resources all producing operations are cash positive at current…
Revenue of 23.0 million, down 38% on lower oil prices and volumes Significant non-operating items of (58.9) million, mainly impairments to Tunisia and listed investments flowing from market conditions Statutory net loss after tax…
million unless otherwise indicated H1 15 H1 14 Production MMbbl 0.25 0.30 - 17% Sales volume MMbbl 0.24 0.29 - 17% Oil price average A/bbl 97.43 126.50 - 23% Sales revenue 23.0 37.0 - 38% Other revenue 1.1 0.7 57% Net profit after tax…
million 6 months ending 31 December: 2014 2013 Net profit (loss) after tax (58.0) 13.6 Adjusted for: Impairment of exploration assets held for sale 47.5 -- Impairment of oil properties 6.1 - Impairment of available for sale financial…
Underlying million net profit after tax million 13.6 -8.5 -5.5 0.9 +3.8 -1.1 -1.0 -0.6 -0.8 +1.0 H1 14 Sales Sales Amortisation Accretion Exploration Admin & Royalties Tax expense H1 15 revenue - revenue - w/o other…
H1 15 million Oil Sales revenue 23.0 Gross profit 9.6 Exploration expense 1.2 Admin and other 2.5 Underlying EBITDA 10.1 Underlying EBITDA/Sales Revenue 44.0% Underlying PBT 5.7 Income tax (1.7) Oil Underlying NPAT 4.0 Gas and…
Callawonga Orbost gas plant Production 500,000 bbls pa Gippsland Basin gas & liquids resources Total Operating Cost1: Sole gas field2 in pre-FEED Cooper Basin A35/bbl, Indo A50 bbl BMG business case development Cooper Basin 87%,…
Half year production Half year production by region '000 bbl six months to 31 December 000 bbl six months to 31 December 29 301 31 10 246 Indonesia 217 225 213 Cooper Basin 271 203 215 2010 2011 2012 2013 2014 2012 2013…
H1 15 oil production of 215 kbbls, total operating cost of 36/bbl including transport and royalties Worrior long term production test Patchawarra Formation oil pool discovery underway Completion of reprocessing of three 3D seismic…
First Half production up from 29.1 to 31.0 kbbls H1 15 total operating cost of A54/bbl including transport Tangai-3 successful workover increased production and 2 new horizons successfully tested Bunian-3, now drilling and expected…
Sole gas field & Orbost gas plant Acquired 50% of VIC /RL3 incl. Sole gas field1 Acquired 50% of Orbost gas plant1 Expect completion April 2015 BMG gas and liquids field Registration of transfer of 65% interest and operatorship Added…
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2015 2016 2017 M J S D M J S D M J S D Sole Project development Pre-FEED FEED Construct for late 2018/early 2019 start- up Transaction Complete FID Contingent Resource added 2P Reserves-Sole BMG Project development…
0.30 Outlook Exploration Development 0.59 0.52 0.50 FY15 H2 15 FY 15 H2 15 FY 15 H2 15 0.49 to 0.56 Australia 0.41 Cooper 7 3 2 1 5 2 Otway 1 - 1 - - - 0.25 Gippsland 8 7 3 2 5 5 Indonesia 8 4 2 - 5 4 Tunisia 2 1 2 1 - -…
Location License Operator March Qtr June Qtr 2-3 development wells and 2 PEL 92 Beach Repro. exploration wells Cooper PEL 90, 100,110 Senex AVO/Inversion 3D seismic processing ongoing PPL 207 Senex 1 Worrior development/appraisal…
FY15 First Half results show impact of lower revenue and impairments and increased expenditure on gas Oil production costs are A36/bbl1, all operations are cash positive at current oil prices Production expected to increase in Second…
Guidance revision analysis Developing a gas business around a multi-basin portfolio Sole gas field BMG gas and liquids resource Orbost Gas Plant Otway basin Tunisia Reserves and resources Notes on reserves and resources…
FY15 Capex guidance by type million Guidance Exploration Development 24 Exploration FY15 FY15 FY15 FY15 FY15 FY15 original revised original revised original revised 11 Australia Development 16 15 Cooper 17 7 7 2 10 5 Original…
Market Market-driven approach Building customer relationships Pipeline transport expertise Cooper Basin Existing source of supply Extensive infrastructure Gippsland Basin Otway Basin Ideally located: close to markets and…
Agreement to acquire 50% of VIC RL/3 and Orbost gas plant Sole gas field to FEED on completion for development to supply gas from late 2018/early 2019 Anticipate addition of approximately 100 PJ Contingent Resources (2C) on…
Acquired 65% interest and operatorship at low cost 1 million initial payment and 5 million conditional on hydrocarbon production Sub-sea infrastructure in place from previous life as oil project with gas injection Pre-acquisition…
Acquiring 50% of Orbost (Patricia-Baleen) gas plant Connected to Eastern Australian gas pipeline Currently contracted to process gas from Longtom to end 2018 (COE not participating in current Longtom processing) Capacity of…
Extensive acreage position across Penola Trough Jolly-1 and Bungaloo-1 deep wells drilled FY14 confirmed location of Casterton Formation unconventional play identified deep conventional gas play shale gas potential reinforced…
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 Multiple prospects Divestment plan Portfolio to be divested as…
bbls barrels of oil boe barrel of oil equivalent bopd barrel of oil per day EBITDA earnings before interest, tax, depreciation and amortisation kbbls thousand barrels LTIFR Lost Time Injury Frequency Rate. Lost Time Incidents per…
Website: cooperenergy.com.au Investor relations: Don Murchland +61 439 300932 donmcooperenergy.com.au Address: Cooper Energy Limited Level 10 60 Waymouth St Adelaide SA 5000 + 61 8 8100 4900 33
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