Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Investor Presentation (September 2006)
15 slides from Amplitude Energy's investor presentation, September 2006
Slide 1: Brief Investor Update
BRIEF INVESTOR UPDATE Michael Scott, Chief Executive Officer, Cooper Energy Limited, 2006
Slide 2: Corporate Snapshot
Corporate Snapshot • Listed in March 2002 on the Australian Stock eXchange (COE) • 140 million shares on issue • 11.25 million unlisted options held by Directors and Staff • Market cap of A$70-80 million ±, Share price 0.5-0.55 +113% • A$26 million cash with no debt or oil or forex hedging +32% • Th
Slide 3: Full Year Un-Audited Result
Full Year Un-Audited Result • Production 354,086 barrels of oil -4% • Oil Sales A$32.6 million +30% • Cash A$26.0 million +32% • Working Capital A$22.6 million +11% • EBITDAX A$22.4 million +41% • Full year profit before tax A$13.4 million 0% • Full year profit after tax A$9.4 million (p/e ratio = 7
Slide 4: Key Historical Performance
Key Historical Performance Cooper Energy Well Participation Cooper Energy P50 Discovered Reserves Callawonga 14 1.4 Addition 12 1.2 Reserves (Million Barrels) 10 1.0 8 Wells 0.8 6 0.6 4 0.4 2 0.2 0 2002-2003 2003-2004 2004-2005 2005-2006 0.0 Financial Year 30 June 2003 30 June 2004 30 June 2005 30 J
Slide 5: Areas of Interest and Portfolio
Areas of Interest and Portfolio South East Asia Cambodia Tunisia Indonesia Cooper Basin HQ North Africa 5 Company Overview Operational Overview Challenges Summary
Slide 6: Cooper Basin – Exploration (COE 25%-38.33%)
Cooper Basin – Exploration (COE 25%-38.33%) • Cooper Basin remains important to our core strategy: - low cost exploration - high success rate (25%+) - access to infrastructure - quick to develop and monetise • Latest geoscience work demonstrates that the Cooper Basin exploration portfolio has a very
Slide 7: Cooper Basin – Exploration (COE 25%-38.33%)
Cooper Basin – Exploration (COE 25%-38.33%) PEL92 (25%) Example PEL93 (30%) Example Many targets around existing discoveries PEL92 Snowden-1 (1.2 MMBO, Aug 06) PEL92 Somerton-1 (0.9 MMBO, Sep 06) PEL93 Tawriffic East-1 (4.0 MMBO, Sep 06) PEL92 250-350 km2 3D (end 2006) PEL93 Piastre-1 (Mar 07, 2.0 M
Slide 8: Indonesia South Madura Exploration (45%)
Indonesia South Madura Exploration (45%) Kurnia-1 8 Company Overview Operational Overview Challenges Summary
Slide 9: Indonesia South Madura Exploration (45%)
Indonesia South Madura Exploration (45%) Prospect Map Success Impact 120 km2, 3,000 metres deep, onshore • Kujung: 200 Million barrels of oil P50 Ngrayong: 256 Bscf of gas P50 Kurnia-1 • Possibly >US$2000 million NPV - US$900 million COE share (45%) - A$8.50 per share, if a discovery • Other indepen
Slide 10: Tunisia Bargou Exploration (100%)
Tunisia Bargou Exploration (100%) 10 Company Overview Operational Overview Challenges Summary
Slide 11: Cambodia Block B Exploration (10%)
Cambodia Block B Exploration (10%) 11 Company Overview Operational Overview Challenges Summary
Slide 12: Operational Schedule
Operational Schedule Value Chain Country 2006-2007 2007-2008 2008-2009 Phase Basin Exploration Cooper Basin (Notionally (Notionally 2-6 wells) 2-4 wells) Indonesia (South Madura) Cambodia (Block B) Tunisia (Bargou) Development Cooper Basin Silver Sands and Callawonga Production Cooper Basin 275,000
Slide 13: What Makes Cooper Energy Such Good Value
What Makes Cooper Energy Such Good Value -ve +ve Number of shares on issue (Millions) 140 1,000 500 0 Liquidity (% annual trading/issued shares) 155% 0 100% 200% Cash (as % market cap) 32%+ 0% 25% 50% “Proven” Reserves NPV (as % of market cap) 62%+ 0% 50% 100% Production (BOE/day) 1,000± 10 100 1,00
Slide 14: Summary
Summary • Success continues since listing in 2002 Cash, production, reserves, Cooper Basin targets, international opportunities, management and technical skill set, production and cash funding operational activities. • Short term outlook (factual) - Exploration drilling in Cooper Basin to replace re
Slide 15: www.cooperenergy.com.au
www.cooperenergy.com.au “Infinite potential, solid results”
Cooper Energy — Investor Presentation (September 2006) on 6ix