Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Investor Presentation (February 2005)
12 slides from Amplitude Energy's investor presentation, February 2005
Slide 1: Cooper Energy Overview
Cooper Energy Overview “Production revenue underpinning search for quality growth opportunities” Michael Scott, Chief Executive Officer, Cooper Energy Limited, February 2005
Slide 2: Company Overview
Company Overview • Listed in March 2002 (ASX:COE) • 137 million shares on issue • 9.4 million options • Market cap of A$30 million ± • A$10.35 million cash in hand at 1.1.05 (A$12.42 million cash reserves) • Three producing fields • P50 reserves 1.184 million barrels • Producing greater than 1,200 b
Slide 3: Historical and 2003-2004 Recap
Historical and 2003-2004 Recap • Sellicks oil field (Nov 2002) • Christies oil field (Oct 03) • Worrior oil field (Dec 03) • Worrior and Christies development wells (mid-2004) • Arwon oil field (Sep 04) Half Yearly Result • Production 140,789 barrels +323% on Dec 03 • Oil sales A$8.7 million +500% o
Slide 4: Performance and Forecasts
Performance and Forecasts Cooper Energy Annual Production Cooper Energy Oil Sales Received 350000 18 16 300000 14 Production (Barrels) Sales (A$ Million) 250000 12 200000 10 150000 8 H H 6 100000 4 50000 2 0 0 2002-2003 2003-2004 2004-2005 2002-2003 2003-2004 2004-2005 Financial Year Financial Year
Slide 5: Business Development – Focus Areas
Business Development – Focus Areas • Central Australia - Add value to position - New acreage, acquisitions, mature existing exploration portfolio, optimise value of discovered assets • Next Opportunity - Secure a high quality opportunity in new focus area - Identify - Penetrate • Opportunistic - Be
Slide 6: Exploration – Targets and Drilling Schedule
Exploration – Targets and Drilling Schedule Permits Well Permit Timing Reserves (1) Share 1 Kitson-1(1) PEL88 Apr 05 2-15 MMbbl 30% Lead 6(2) PEL110 May 06 1.5 MMbbl 25% 10 9 Lead 4(3) or PEL92 Oct 05 1-1.2 MMbbl 25% 2 13(4) 7 8 Tawriffic(5) or PEL93 Oct 05 2 MMbbl 30% Piastre(6) York-1(7) PEL100 No
Slide 7: Exploration – Kitson-1
Exploration – Kitson-1 • Namur oil target • Four way dip closure model 2 MMbbl P50 Cadna-owie Fm reserves (20% POS) Namur Fm • Fault closure model 15 MMbbl Birkhead Fm P50 reserves (4% POS) Tinchoo Fm • April 2005 spud Basement Kitson-1 location 7
Slide 8: Development – Worrior, Christies and Arwon
Development – Worrior, Christies and Arwon Worrior EPT • Worrior: install permanent facilities and provide artificial lift. • Christies: artificial lift and enhanced water-handling. Negotiating to boost production offtake. • Arwon: commence production 2Q05 – via Worrior or standalone facilities. Chr
Slide 9: Total Production (bopd)
9 Total Production (bopd) 1/ 11 /2 0 200 400 600 800 1000 1200 1400 1600 1800 1/ 002 12 /2 00 1/ 01 2 /2 00 1/ 02 3 /2 1/ 003 03 /2 00 1/ 04 3 /2 1/ 003 05 /2 00 1000 BOPD+! 1/ 06 3 /2 1/ 003 07 /2 00 1/ 08 3 /2 00 1/ 09 3 /2 1/ 003 Worrior (PEL93, 30%) 10 /2 00 1/ 11 3 /2 1/ 003 12 /2 00 1/ 01 3 /2
Slide 10: Reserves
Reserves UR: 3.4, Prod: 0.6, Res: 2.8, COE: 30% UR: 1.4, Prod: 0.2, Res: 1.2, COE: 25% PEL93 PEL113 Christies-1 PPL207 PPL205 Worrior-2 Arwon-1 Target Pando-1 Christies-2 Christies-3 Worrior-1 Pando South-1 1000 metres scale 500 metres scale Worrior Oil Field Christies Oil Field UR: 0.27, Prod: 0.2,
Slide 11: Summary
Summary • Outstanding success since listing in 2002 - Cash, production, reserves, Cooper Basin targets, international opportunities. • Production and cash fully funding operational activities • Focused strategy to add further value: - Cooper Basin (exploration and production) - International (workin
Slide 12: www.cooperenergy.com.au
Cooper Energy Www.cooperenergy.com.au
Cooper Energy — Investor Presentation (February 2005) on 6ix