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INVESTOR PRESENTATION
28 May 2012
Investor Presentation
28 May 2012
David Maxwell, Managing Director
For
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INVESTOR PRESENTATION
28 May 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
(http://www.cooperenergy.com.au/corporate-centre/policies/hydrocarbon-reporting-policy.html).
2
Important Notice - Disclaimer
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INVESTOR PRESENTATION
28 May 2012
80,000
90,000
100,000
110,000
120,000
130,000
140,000
0.20
0.30
0.40
0.50
0.60
0.70
0.80
May-1
1
Jun
-11
Jul-
11
Aug
-11
Sep
-11
Oct-
11
No
v-1
1
Dec-1
1
Jan
-12
Feb-1
2
Mar-
12
Ap
r-12
Ind
ex
Sh
are
Pri
ce (A
$)
COE Share Price (LHS) S&P/ASX 300 Energy Accumulation Index (RHS)
Capital structure (1)
Share price 12 months low - high (to 25 May 2012)
30.5 - 69 cps
Shares on issue 292. 8m
Market capitalisation @ 43.5 cps on 25 May, 2012
A$127.4m
Cash @ 31 March, 2012 (2)
A$69.1m
Enterprise value A$58.3m
Shareholders Top 20 ~57%
Insto/Funds ~48%
3
Company snapshot
(1) Pre Somerton merger
(2) Excluding security deposits
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INVESTOR PRESENTATION
28 May 2012
4 Improving performance
Company snapshot
Financial, production and reserves
Production (barrels oil)
FY 2011
FY 2012 (guidance-Cooper Basin only)(1)
406,710
(500,000+)
Revenue (A$million)
January-June 2011
July-December 2011
20.7
25.8
EBITDAX (A$million)
January-June 2011
July-December 2011
9.7
13.5
Reserves and resources (million barrels @ 30 June 2011)
Proven and probable reserves (2)
Contingent resources 100% Hammamet West only (3)
(1) Subject to transport capacity and no unforseen events
(2) COE share
(3) COE 30% interest in Joint Venture .
2.47
110.00
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
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INVESTOR PRESENTATION
28 May 2012
5
Delivering the plan
Clear strategy & focus on shareholder return
45% increase in revenue (1)
18% increase in production (1)
137% increase in consolidated
profit (continuous ops) to $8.3m (2)
Cash A$69.1million (3)
Pursue growth catalysts
in focus areas
Cooper and Otway basins
Tunisia
Acquisitions and mergers
Australia gas business
Leverage strengths & build
strong foundation
Valuable Cooper Basin oil
Cooper & Otway basins
Tunisia
Strong cash flow and cash
Other assets -
maximise value
Romania
Indonesia
Poland
Otway - Somerton acquisition
Otway - drill Q4 2012
Tunisia - drill Q4 2012
o Evaluating M&A opportunities
o Analysing gas opportunities
Romania - exit and sold
interest
o Indonesia – increase
reserves and production
o Poland – evaluating exit
options
(1) 9 months to 31 March 2012
(2) 6 months to 31 December 2011
(3) Excludes security deposits
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INVESTOR PRESENTATION
28 May 2012
Production
12 fields
FY11: 406,710 barrels(COE share)
FY12: target 500,000+ barrels(COE share)(1)
Development (PEL 92)
Wells to be connected
Further development drilling 2012
Exploration
Drilling commenced June Quarter 2012
Seismic: Rincon 3D and Fusinus 2D
complete
6
Cooper Basin oil – PEL 92 (COE 25%) & PEL 93 (COE 30%)
Ongoing development + exploration
(1) Subject to transport capacity and no unforseen events
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INVESTOR PRESENTATION
28 May 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
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INVESTOR PRESENTATION
28 May 2012
9,039km2 (gross) acreage
Conventional and shale
▫ oil and gas
Access to markets and
infrastructure
25 Tcf+ original gas in
place(2)
Otway Basin – Somerton Energy acquisition(1)
Regional coverage & multiple targets
(1) Announced 19 April, 2012
(2) Casterton shale - Somerton estimate in
2011 Annual Report For
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INVESTOR PRESENTATION
28 May 2012
Prospective oil & gas area
793 km2 in basin heartland
Significant shale gas and oil
potential
Access to markets
December Quarter 2012 well
(“Sawpit Updip”)
▫ dual targets
▫ Beach funding 70%
Otway Basin – PEL 495 (Cooper 50% + 15% ex Somerton (1) )
Significant potential
9
Source: Somerton Energy Limited presentation September 2011 (1) Subject to Somerton acquisition completion F
or p
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INVESTOR PRESENTATION
28 May 2012
Tunisia
3 contiguous licences
▫ Bargou – COE 30% (1)
▫ Hammamet - COE 35% (1)
▫ Nabeul – COE 85% (1)
12,644 km2
600 km2 Nabeul 3D seismic
Hammamet West-3 well
Nabeul exploration well
Multiple prospects and leads
(1) Joint Venture interest
10
Proven region – with robust returns
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INVESTOR PRESENTATION
28 May 2012
Tunisia – Hammamet West -3 (COE - 30%(1))
Dual targets
▫ 10 million bbls (P50) Birsa (2)
▫ 101 million bbls (P50) Abiod (2)
Farm-in partners fund up to US$26.6m
▫ Dragon Oil - 55%
▫ Jacka Resources - 15% (3)
Dragon valuable experience
▫ carbonate plays
▫ region
(1) Joint Venture interest
(2) 100% recoverable basis
(3) After Farm-in
11 Dual targets
Hydrocarbons
NW SE
Possible HW#3
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INVESTOR PRESENTATION
28 May 2012
Tunisia - Hammamet West-3
Drilling preparation underway
Drill December Quarter 2012
67 days to drill and test – budget case
Primary objective - demonstrate
Abiod Fm deliverability &
commerciality
Funded up to US$26.6 mill by farm-in
parties
AGR contracted for well management
services
Rig tender issued
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INVESTOR PRESENTATION
28 May 2012
Indonesia – adding value
13
Sukananti KSO
Approximately 150 barrels/day currently
24 km2 3D seismic acquisition completed
Reserves and production increase opportunities
Well(s) decision within September Quarter 2012
Sumbagsel PSC
Very prospective acreage
600kms 2D seismic acquisition December Quarter 2012
Well in 2013
Farm-out process underway – considerable interest
10 km
Existing Oil Field Existing Gas Field Prospect Lead Oil Pipeline
Sumbagsel PSC
Alur Cimon Tenggara
Telaga Said
Kampung Minyak
Sumpal (BPM)
Darat
Perlak
Perlak
Rebonjaro
Suban Burung
Selaro-Ladang-Pait
Kukui
Arahan-Banjarsari
Arahan-Banjarsari
PangadangPangadang
Karangringin
Batukeras
Sungai Taham
Sungai Taham
Suban Jerigi
Senabing
Lalang Minyak
Ramok
Tanjung Lontar
Kluang
Berau
Grissik
Kaliberau
Kenawang
Arubay
Talang Akar-Pendopo
Bajubang
Pulau Panjang
Limau Tengah
Rantau
Rantau
Jirak
Kenali Asam
Setiti
Benakat
Benakat
Mangunjaya
Gebang
Gebang
Sungai Lilin
Tempino
Talang Jimar
Paseh
Tanjung Miring Timur
Selo
Meruo Senami
Gunung Kemala
Lirik
Baung
Kaya
Siku
Limau Barat
Andan
Sago
Mambang
Sukamerindu
Langu
Keban
Keban
Duri
Duri
Benuang
Minas
Minas
Tanjung Tiga Barat
Kruh
Betun
Abab
Abab
PungutPungut
Deras
Pulai North
Binio
Prabumulih Barat
Limau Timur Q-22
Limau Timur Q-51
Limau Timur Q-51
Limau Niru
Molek
Sebanga
PematangPematang
Limau Timur P
Karangan
Bulu
Bulu
Geudongdong
Geudongdong
Bekasap South
RangauRangau
Pematang BowPematang Bow
Tandun
Kulin
Kulin
Bangko
Bangko
Mindal
Ibul
Lindai
Petapahan
Petapahan
Dewa
Sintong
Sintong
Suram
PinangPinang
Kaya Tenggara
Diski
Ibul Tenggara
Kuala Simpang Barat
Kuala Simpang Barat
Pinggir
Menggala North
Menggala North
Jorang
Jorang
Kasikan
Pudu
Tualang
Libo Southeast
Libo Southeast
Pedada
Terantam
Sintong Tenggara
Pinggir South
Pinggir South
Lematang 1
Depati
Seruni (Sintong Barat-laut)
Aman
Beruk
Tabuan
Damar
Pager
Sabak
Sangsam
Seroja
Ujung Tanjung
Tilan
Sikladi
Telinga
Batang
Zamrud
Kotagaro 1
Hitam
Cebakan
Dewa Barat 1
Blimbing
Bungsu
Beruk Northeast
Mutiara (CPI)
Langgak
Langgak
Singa
Tanjung Medan
Panerokan
Pekan
Tinggi 1
Gatam
Intan (CPI)
Intan (CPI)
Nella
Perkebunan
PusakaPusaka
Topaz
Zamrud South
Tanggul
Merbau (Central Sumatra)
Merbau (Central Sumatra)
Arak
Ubi
Ubi
Antara
Bago A-1
Benua
Benua
Buaya
Obor
Obor
Peudawa
Siput 1
Osam
Osam
Pusing 1
Paitan
Akar
Safir 1
Dusun
Puncak
Puncak
Puncak
Puncak
Kruh North
Kerumutan
Topi
Garuk
Kayuara
Peutouw
Peutouw
Sukaraja
Nilam (CPI) 1
Palem 1
Ninik 1
Batumandi Selatan 1
Panduk
Ampuh
Pemburu
Penasa
Lincak
Tabuan Selatan
Cucut
Betung Northwest 1
Napuh Southeast
Talayap 1
Tanjung Laban
Butun
Ramba
Ramba
Idris
Genting
Kakap 1
Pesut 1
Hiu (CPI)
Tunas
Pukat
GemuruhGemuruh
Tanjung Tiga Timur
Tanjung Tiga Timur
Kalidua 1
Kalidua 1
Rimbabat
Rimbabat
Kerang (Exspan)
Rintis
Suratmi
Tonga 1
Mutiara (Exspan)
Pulau Sembilan 1
Doral
Jene
Jene
Keri
Candi (CPI)Candi (CPI)
Talang Gendum
Kayuara EastKayuara East
KurauKurau
Giti
Ayu
Pian
MS AI
MS BH
MS BT
Serdang
Langkap
Bijak 1
MS TB 1
Pak
Mangga
MS BZ
Bertak
MS BM
Rumbi 1
Sembatu 2
Gulamo
Kelok
Uno 1
Rayu 1
Titian
Kutu
Nusa
MS BQ
Tanjung Kurung
Sakti
Jambon
Paluh Tabuhan Timur
Paluh Tabuhan Timur
Kuang
Kuang
Bentayan
Belimbing
Libo
Paluh Tabuhan Barat
Paluh Tabuhan Barat
Loyak
Iee TabeueIee Tabeue
Rambutan
Sengeti
Suban
Suban
Benakat Timur
Benakat Timur
Batumandi
Meruap
Pelita
Pelita
Sungai Gelam C
Merbau North
Merbau (North Sumatra)
Merbau (North Sumatra)
Setiti Tenggara A-1
Polonia
Pantai Pakam Timur
Securai
Iliran Barat
Kepiting
Kuala Dalam
Supat
Sungai Buluh
Sinamar 1
Melibur
Melibur
Melibur
Jingga
Hari
Hari
Rawa South
Letang
Letang
Tuba Obi Timur
MS TA
MS BK
Gunung Kembang
Gunung Kembang
Air Serdang
Air Serdang
Sidingin
Reno 1
DOS 1
Mandala
Mandala
Kuat
Siamang 1
Serang Jaya
Serang Jaya
Julu Rayeu
Tengah (Sumatra)
Tungkam
Ogan
Rantaubais
Lagan
Lagan
Betung (Gas)
Teras
Sembilan
Malapari 1
Lho Sukon South 'A'
Seuntang 1
Candi (STA)
Pergidatit A 1
Pager Dewa
Balam 2
Baganbelada Selatan 1
Talas
Besitang
Putih
Lho Sukon South 'B'
Terusan
Batu Ampar 1
Bukit Panjang 2
Bumi 1
Mandar
Dewa Timur 1
Peulalu 3
Kelabu
Alur Udep 1
Rawa
Temelat 1
Cunda A
Rayeu B 2
Muara Bulian 1
Sunting 1
Sungai Medak Utara 1
Penuguan 1
Panglero 1
Tiung
Mandau
Talang Babat 1
Aras 1
Pakuaji 1A
Kungku 1
Judi 1
Macan Gedang 1
Koneng
Gajah Besar 1
Geger Kalong
Lho Sukon South 'D'Lho Sukon South 'D'
Dayung
Tempirai
Sukajaya 1
Sambar
Bata 1
Kuala Langsa 1
Tanim
Perapen
Arun
Prabumenang
Wampu
Wampu
Teras Timur-Laut
Teras Timur-Laut
Alur Siwah
Rayeu C
Lembak
Bentu
Talang Gula
Pase A
Pase A
Basilam
Basilam
Tasim 1
Merbau (South Sumatra)
Petar 1
Buka 1
Hijau
Selat Panjang
Selat Panjang
Paluh Tabuhan Dalam A-1
Gelam
Beringin H
Beringin H
Idi
Idi
Cinta
Selatan
Kitty
Zelda
Utari
Utari
Gita
Nora
Nora
Udang
Udang
Arjuna AV
Arjuna AV
KrisnaKrisna
Kartini
Kartini
LitaLita
NSO H
NSO H
NSB N 1
Yvonne
Yvonne
Lalang
Farida
Mengkapan
Titi
Sundari
Nani 1
Arjuna AVS
Lastri 1
Duma
Fenti 1
Nurbani
Yani
Dita 1
Risma
North Lalang 1
Forel
Sepat 2
Glagah
PSI NF
Intan
Intan
Intan Northeast
Intan Northeast
Widuri
Widuri
Aryani
Indri
Indri
PSI ZT 1
Ambar
Banuwati
Banuwati
Janti
Arjuna AA
Rama
Terubuk
NSO L
NSB K 1
Wanda
Yuli 1
Lembu 1
Henny 1
MS N
GOS-IA 1
Duyung 1
Sembilang
PSI AX 1
Kerisi
KRA
Gajah Abu Abu 1
KH
Anoa
Anoa
Belanak
Belanak
KF
Belida
Belida
ONS F 1
Meulaboh 1
ONS G 1
Bison
Keudepasi 1
Palambak 1
Meulaboh Timur 2
Suma 1
Bawal
NSB J
NSB J 2
NSB O 1
Tembang
NSO A
NSB R 1
NSB R 1
Ratna 1 (West Java Sea)
NSB S 1
NSB U 1
North Belut
Tati 1
Lemuru 1
Aro I
Tawes
PSI AXM 1
Buntal
NSO 1S
NSB C 1
Salem 1
Teripang 1
Peusangan XL
Kambuna
Kambuna
Jambu Aye Utara 1
Ponder
Bungsu West
Tanjung Miring Barat
Hulu Asam
Mila 2
Bulian 1
Singa
Selagan 1
Kepala Gajah
Air Hitam
Kuala Simpang Timur
Secanggang
Singkel 1
Ronda
Asih
Pandan
Martini 1
MS BV
Paluh Sipat
Puyuh
Pendalian 1
Alur Rambong 1
Babat
Babat
Sumi 1
Paluh Sani 1
Melamun-Laman-Lului
Kerkai Timur
Cetik Dalam 1
Tundan 1
Belani
Vita
Paluh Tabuhan Timur Dalam 1
Sungai Gelam A
Sungai Gelam D
Setiti Tenggara 32
Sengkuang
Limau Timur Q-108
PSI AW 1
Nau
Sumpal
Aida
Tempino-Deep
Betung (Oil)
Pulai South
Balam SouthBalam South
Bekasap Southeast
Kerang (CPI)
Meuranti C
Rokiri
Bima ZU
Bima ZU
Petani
Petani
Alur Cimon
Alur Cimon
Susu Timur
Ratna 1 (Sumatra)
Selangit 1
MS BY
Bungin Batu
Sungai Tualang 1
Bukit Tiram
Geragai North
Ukui
Asti
Asti
Chesy
Chesy
Lydia
Lydia
Segat
KR
South Belut
South Belut
Prambatan B
Terbalik 1
Besar
Kemang
Bungkal 1
Bungkal 1
Pulau Gading
Ami
Jelita 1
Melati 1
Sijambu 1
Sijambu 1
Pijar
Pijar
Pandan B 1
Jambon Southeast
Kubu (Asamera) 1
Semoga
Semoga
Bintang Laut
Gajah Puteri
Gajah Puteri
Kaji
Kaji
Metur 1
Windri
Oki East
Mata Ular
Makmur
Sinar 1
Mengoepeh
Mengoepeh
Simpang Tuan
Nelayan
Hiu
Soka
Soka
DangkuDangku
Karan
Karan
Napal 1
Tembesi Bay 1
Tiki 1
Tiki 1
Kijing
PSI NA 1
Menggala South
Menggala South
Betun Tenggara
Betun Tenggara
Beringin A
KG
KG
Sopa
Sopa
Beruk North
Raja
Bungin
Bungin
Rayun
Rayun
Lokan
Harimau
Harimau
Dalu Dalu
Kaci 1
Kaci 1
Pelikan 1Pelikan 1
Kotabatak
Kotabatak
Tapus
Musi
Karmila
Karmila
Doral North
Lambur 1
Jangkar
Jangkar
Parum
Parum
Arjuna AU
Citra
Arbei Shallow
Arbei Shallow
Retno
Retno
Betara Northeast
Betara Northeast
Betara North
Betara North
Bekasap
Bekasap
Balam Southeast
Balam Southeast
Kopar
Kopar
Tegar
Oki
Benar
Benar
Waduk
Waduk
KRN
KRN
Kirana
Hana
Hana
Gemah
Gemah
Semunai
Guruh
Ketaling Timur
Petanang 1
Unggun
Atti
Natalinda 1
Teresia
Durian Mabok
PialaPiala South
Gita North
Kue Kecil
Karang Dewa
Rengan Condong
BaruBaru
Teluk Rendah
Mengul 1
Keong
Naga 1
Iguana 1
Sebanga North
Tuba Obi
Biru
Savitri
Ande-Ande Lumut 1
KRA South
Gajah Baru 1
Asih North
Bernai
Gemah North
Atti South
Runtuh
Siput 1 (Natuna)
Harja 1
Fajar
Pungut West
Suban Baru
Ripah
West Belut
Todak 1
Malong
Lubuk Batu
Gambang 1
Matra
Rombongin
Ami North
Lisah 1
Sungai Kenawang
KF NW 1
Perak Barat Laut 1
Noga 1
Mengoepeh Southeast 1
Sungai Gelam Deep 1
Sekundir
Mamung 1
Giok 1
Krueng Merbau
Jata
Jinawi 1
Gading
Paja Bilik
Tangkulim 1
Berkah 1
Kembar 1
Tilan Deep 1
Kakap (CONOCO) 1
Hiu Northeast 1
Sabar 1
Kalabau 1
Pase B
KG 5A
Piano
Sumpal North 1
Pemahat 1
Fariz 1
Betara West
MS EA
Kenawang P-1
Kabul 1
Tika
Terentang
Baung 1
Arca 1
Sarinah 1
Piano West
Terang Jaya
Betara Southwest
Beruang
Ketaling Barat
Bene Bekasap
West Berau
Reco 1
Manik 1
Rengas 1
Beringin D
Beringin E
Beringin F
Beringin C
Bakau 1
MS EG 1
Macan Tutul 1
Kelok Northeast 1
MS ED-1
Lembu Peteng 1
MS CN 1
MS DR-1
Lukah 1X
425000 430000 435000
9605000
9610000
425000 430000 435000X/Y:
Meters
9605000
9610000
N
5 km
Sukananti KSO
Tanjung
Miring Barat
Tanjung
Miring Timur
Development & exploration
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INVESTOR PRESENTATION
28 May 2012
Strong cash position
Healthy cash flow
Production growth
existing Cooper Basin and Indonesia oil fields
discoveries
acquisitions
Company changing opportunities
Otway wells
Tunisia wells
corporate activity’
multiple exploration targets
Focussed on shareholder return & clear strategy
build position in core areas
farm-outs reduce risk
Australia gas market opportunities
remuneration and shareholder return aligned
Financial
Implementing the strategy 14
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INVESTOR PRESENTATION
28 May 2012
Key: Cooper Activity FY 2012 FY 2013
Somerton Activity Mar Qtr Jun Qtr Sep Qtr Dec Qtr Mar Qtr Jun Qtr
Cooper Basin
Production From 12 fields
New oil pipeline
Tie in new wells and discoveries 3 discoveries
Drilling: appraisal & exploration Multiple wells
Seismic
Otway Basin
Drilling: exploration
Seismic
Gippsland Basin
Frac and test
Tunisia
Drilling: appraisal & exploration 1 well 1 well
Indonesia
Production
Seismic & drilling Seismic Well(s)
Forward activity
Robust base + multiple growth catalysts
1 well 1 well
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