Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Cooper Energy — Investor Presentation (December 2009)
22 slides from Amplitude Energy's investor presentation, December 2009
Slide 1: High value program of activity
High value program of activity… activity December 2009 Michael Scott, Managing Director © Cooper Energy Limited
Slide 2: Disclaimer
Disclaimer The information in this presentation: • Is not an offer or recommendation to purchase or subscribe for shares in Cooper Energy Limited or to retain or sell any shares that are currently held. • Does not take into account the individual investment objectives or the financial situation of i
Slide 3: Company Snapshot
Company Snapshot Cooper Energy
Slide 4: Directors and Management
Directors and Management Respected p and experienced p personnel. p BOARD MANAGEMENT Chairman Chief Financial Officer Laurie L i Shervington Sh i t John J h Baillie B illi LLB, SIA (Aff), MAICD B.Com., MBA, ICA, MAICD Lawyer Accountant Managing Director Exploration Manager Michael Scott Conrad Todd
Slide 5: Global Activities Snapshot
Global Activities Snapshot A multi asset cash g generating g company p y with proven p success Locations Headquarters - Perth, Australia Operations – Jakarta, Indonesia Representation R t ti – Tunis, T i Tunisia T i i Exploration Australia 5 Cooper Basin exploration permits (19 (19.165%-30%) 165%-30
Slide 6: Capital structure
Capital A liquid, q , well traded and non-dominated capital p structure. Cooper Energy Issued Shares (COE) • Recently entered the ASX300 350 300 curities (Million) 250 • 292 million shares on issue 200 150 • 19 million options held by Directors and Issued Sec 100 50 staff 0 30 June 2003 30 June 2004
Slide 7: Independent Valuation (Euroz)
Independent Valuation (Euroz) Share p price trading g below firm value – exploration p all for free. 300 pitalisation (A$MM) 250 Independent Valuation A$0.82 per share 200 (A$240MM) 150 Current Share Price A$0.50 p per share Market Cap (A$146MM) 100 Less than cash plus production. 50 M 0 Value Eleme
Slide 8: The Next Operations
The Next Operations Cooper Energy
Slide 9: Near-Term Activity (2010+)
Near-Term Activity (2010+) Progressing a number of opportunities within our portfolio, with more to follow. Tunisia Indonesia Fuchsia-1 Gigir East-1 Menzel Horr-1 Hammamet West Australia PEL92 Offices Exploration Production Cooper Basin, Australia (5) Perth, WA (Headquarters) Perth Otway Basin, Aust
Slide 10: Cooper Basin, Australia
Cooper Basin, Basin Australia 10
Slide 11: Australia – PEL92: Exploration Drilling (COE 25%)
Australia – PEL92: Exploration Drilling (COE 25%) Potential early y 2010 drilling g and defining g mid-2010 drilling g by y shooting g further 3D. • Acquiring 2D (229 km) and 3D (211 km2) seismic to identify the next round off drilling d illi targets t t for f 2010. 2010 • At A$1.5-A$2.0 million per
Slide 12: Tunisia
12 Tunisia Cooper Energy
Slide 13: Tunisia – Fuchsia-1 Exploration Well (COE 35%)
Tunisia – Fuchsia-1 Exploration Well (COE 35%) Success in Fuschia would deliver an attractive offshore oil development. p Cost: <US$15 million (100%) Prize: 28-46-78 MMBO ((P90-P50-P10, 100% JV, undiscovered recoverable oil) COS: 17% Well depth: 2,900 metres (85 m water) Target g reservoir: Birsa Sa
Slide 14: Tunisia – Menzel Horr Prospect (COE 100%)
Tunisia – Menzel Horr Prospect (COE 100%) Success in Menzel Horr would deliver an attractive onshore oil development. p Cost: ~US$5 million (100%) Prize: 11-24-47 MMBO (P90-P50-P10, 100% JV, undiscovered recoverable oil) COS: 30% Well depth: 2,400 metres Target reservoir: Multiple carbonate formatio
Slide 15: Tunisia – Hammamet West Oil Field Appraisal (COE 100%)
Tunisia – Hammamet West Oil Field Appraisal (COE 100%) Success in Hammamet West would deliver an attractive offshore oil development. p Hammamet West-1 (1967): 7 m of oil on rock in Birsa Hammamet West-2 (1990): 192 m of oil in Abiod Hammamet West-2 recovered 27-33° API oil from Abiod 50-60 50 60 me
Slide 16: Indonesia
16 Indonesia Cooper Energy
Slide 17: Indonesia – Gigir East-1 Exploration Well (COE 30%)
Indonesia – Gigir East-1 Exploration Well (COE 30%) Success in Gigir g East would deliver a high g value onshore gas g development. p Cost: <US$5 million (100%) Prize: 5-32-71 BSCF ((P90-P50-P10, 100% JV, undiscovered recoverable gas) COS: 37% Well depth: 1,234 metres Target g reservoir: Bulu Format
Slide 18: Summary
18 Summary Cooper Energy
Slide 19: High Impact Drilling Being Pursued
High Impact Drilling Being Pursued Several company p y changing g g and value-adding g opportunities pp are being g pursued. p OIL Fuchsia-1 46 MMBO recoverable oil Operator (SVI) Gulf of Hammamet target (P50) currently reviewing Tunisia (COE share 16 MMBO, options to lock in a [Early 2010] >A$0.50
Slide 20: Activity Windows
Activity Windows Low commitment levels coupled p with high g value targets. g 2010 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 PEL92 PEL92 Critical Factor: Number of Prospects permits 3-4 wells Completion of 3D seismic Cooper Basin and (A$2MM) If a rig cannot be found for early generated fr
Slide 21: Forward Outlook
Forward Outlook Company p y in strongest g ever position p and delivering g quality q y opportunities. pp • Cash, recoverable oil and high margin production underpin our value. • Robust strategy in place to deliver “measured pace” growth. • International and domestic exploration portfolio continues
Slide 22: www.cooperenergy.com.au
www cooperenergy com au www.cooperenergy.com.au “Infinite potential, solid results”
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