INVESTOR PRESENTATION
7 March 2012
Investor Presentation
7 March 2012
David Maxwell, Managing Director
INVESTOR PRESENTATION
7 March 2012
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 investors.
Was prepared with due care and attention and is current at the date of the presentation.
Actual results may materially vary from any forecasts (where applicable) in this presentation.
Before making or varying any investment in shares of Cooper Energy Limited, all investors should consider the appropriateness of that investment in light of their individual
investment objectives and financial situation and should seek their own independent professional advice.
Competent Person
Unless stated otherwise, any statements in this presentation regarding reserves and resources estimates have been agreed to by Mr Stephen Twartz – Exploration
Manager, Cooper Energy and a full time employee of Cooper Energy, holding a Bachelor of Science, Master of Environmental Studies and qualified in accordance with
ASX Listing rules 5.11 and has consented to the inclusion in the report of the matters based on the information in the form and context in which it appears
Hydrocarbon Reporting Standard
Cooper Energy reports hydrocarbons in accordance with Cooper Energy’s Hydrocarbon Reporting Guidelines that is freely availab le from Cooper Energy’s website which is
(www.cooperenergy.com.au/policies/index.php).
2
Important Notice - Disclaimer
INVESTOR PRESENTATION
7 March 2012
Capital structure
Share price 12 months low - high (to 6 March 2012)
32- 54 cps
Shares on issue 292. 8m
Market capitalisation @ 52.5 cps on 6 March, 2012
A$153.7m
Cash @ 31 December, 2011 (inc deposits)
A$68.6m
Enterprise value A$85.1m
Shareholders Top 20 ~52%
Insto/Funds ~47%
3
Company snapshot
0.0
2.0
4.0
6.0
8.0
10.0
12.0
0.30
0.35
0.40
0.45
0.50
0.55
0.60
Mar-
11
Ap
r-11
May-1
1
Jun
-11
Jul-
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Aug
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Sep
-11
Oct-
11
No
v-1
1
Dec-1
1
Jan
-12
Feb-1
2
Vo
lum
e (m
m)
Sh
are
Pri
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$)
Volume Price
INVESTOR PRESENTATION
7 March 2012
4 Improving performance
Company snapshot
Financial, production and reserves
Production (barrels oil)
FY 2011
FY 2012 (guidance-Cooper Basin only)
406,710
(500,000+)
Revenue (A$million)
January-June 2011
July-December 2011
20.7
25.8
EBITDAX (A$million)
January-June 2011
July-December 2011
8.3
12.7
Reserves and resources (million barrels @ 30 June 2011)
Proven and probable reserves
Contingent resources (1)
(1) Hammamet West only, COE share
2.47
33.30
H1 H1
H2
H2 Forecast
0
100,000
200,000
300,000
400,000
500,000
600,000
FY 2011 FY 2012 (f)
Production growth
INVESTOR PRESENTATION
7 March 2012
5
Delivering the plan
Clear strategy and shareholder return
40% increase in revenue to
$25.8 m
137% increase in consolidated
profit (continuous ops) to $8.3m
Cash $A68.6million
Pursue growth catalysts
consistent with strategy
Otway
Tunisia
Acquisitions and mergers
Australia gas business
Leverage strengths and build
strong foundation
Valuable Cooper Basin oil
Tunisia position
Strong cash flow and cash
Monetise non-core
assets
Romania
Indonesia
Poland
Otway drill Q3 2012
Tunisia drill Q4 2012
o Evaluating M&A opportunities
o Analysing gas opportunities
Romania - exit and sold
interest
o Indonesia - evaluating
options
o Poland - evaluating
options
INVESTOR PRESENTATION
7 March 2012
Production
12 fields
FY11: 406,710 barrels (COE share)
FY12: target 500,000+ barrels (COE share)
Development (PEL 92)
7 wells being connected
Further development drilling
Exploration
Drilling starts June Quarter
Seismic - Rincon 3D and Fusinus 2D
6
Cooper Basin oil – PEL 92 (COE 25%) & PEL 93 (COE 30%)
Increasing production + development + exploration
INVESTOR PRESENTATION
7 March 2012
Very robust economics
Typical economic threshold is 45,000 barrels/well at US$100/barrel post drill
7
Cooper Basin - Western Flank oil
High margin business
INVESTOR PRESENTATION
7 March 2012
Prospective oil & gas area
793 km2 in basin heartland
Significant shale gas potential
Access to markets
September Quarter well -
(“Sawpit Updip”)
▫ dual targets
▫ Beach and Somerton funding
Otway Basin – PEL 495 (COE 50%)
Significant potential + multiple targets
8
(1) Somerton Energy Limited presentation September 2011
INVESTOR PRESENTATION
7 March 2012
Tunisia
3 contiguous licences
▫ Bargou 30%
▫ Hammamet 35%
▫ Nabeul 85%
12,644 km2
600 km2 Nabeul 3D seismic
Hammamet West-3 well
Nabeul exploration well
Multiple prospects and leads
Contingent P50 recoverable
resource 33.3(1) mill bbls
(1) COE share - Hammamet West only, excludes
Tazerka & Fuchshia
9
Proven region – with superior returns
INVESTOR PRESENTATION
7 March 2012
Tunisia – Hammamet West (COE 30%)
Dual targets
▫ 10 million bbls (P50) Birsa (1)
▫ 101 million bbls (P50) Abiod (1)
Farm-in partners fund up to A$26.6m
▫ Dragon Oil - 55%
▫ Jacka Resources - 15% (2)
Dragon valuable experience
▫ carbonate plays
▫ region
Drill December Quarter 2012(3)
1. 100% basis recoverable
2. After Farm-in
3. October spud target
10 Dual targets
Hydrocarbons
NW SE
Possible HW#3
INVESTOR PRESENTATION
7 March 2012
Tunisia – Hammamet West – development concepts
11
101 million barrels (P50) recoverable
10 million barrels recoverable
Game changer
INVESTOR PRESENTATION
7 March 2012
Non-core assets
12
Focussing the portfolio
Indonesia – Sukananti/Sumbagsel
Stable growing production (150+bbls/day)
24 km2 Sukananti 3D seismic, 2011
Production growth
Multiple appraisal and exploration
opportunities
Reserves review and upgrade pending
Poland
Prospective contiguous licences
Conventional and unconventional
524 km Kanina 2D seismic, 2011
Numerous prospects and leads
INVESTOR PRESENTATION
7 March 2012
Strong cash position
Healthy cash flow
Production growth
existing Cooper Basin oil fields
discoveries
acquisitions
Company changing opportunities
Otway well September Quarter 2012
Tunisia-Hammamet West-3 well October 2012
corporate activity
Focussed on shareholder return & clear strategy
monetising non core assets
farm-outs reduce risk
align remuneration and shareholder return
Financial
Plans being implemented 13
INVESTOR PRESENTATION
7 March 2012
Forward activity
CY 2012 CY 2013
Q1 Q2 Q3 Q4 Q1 Q2
Cooper Basin
- Production From 12 fields
- New pipeline
- Tie in new discoveries 3 discoveries
- Drilling - appraisal & exploration Multiple wells
- Seismic
Otway Basin
- Drilling - exploration 1 well
Tunisia
- Drilling - exploration/appraisal 1 well 1 well 1 well
Indonesia & Poland
- Evaluate best monetisation option
Robust growing base + growth catalysts
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