25 February 2013 Important Notice Disclaimer The information in - - PowerPoint PPT Presentation

2013 First Half Financial Results

Investor presentation on results for six months ended 31 December 2012 25 February 2013

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INVESTOR PRESENTATION 25 February 2013

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

• This report contains information on Cooper Energy’s petroleum resources which has been reviewed by Mr Hector

Gordon who is a full time employee of Cooper Energy, holds a Bachelor of Science (Hons), is a member of the American Association of Petroleum Geologists and the Society of Petroleum Engineers and is qualified in accordance with ASX listing rule 5.11 and has consented to the inclusion of this information in the form and context in which it appears. Hydrocarbon Reporting Standard

• Cooper Energy reports hydrocarbons in accordance with the SPE Petroleum Resources Management System 2007

(SPE-PRMS).

Important Notice – Disclaimer

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INVESTOR PRESENTATION 25 February 2013

Capital structure

Share price

range,12 months to 22 February 2013 $0.40 - $0.69

Shares on issue

329.0 mill

Market capitalisation

52.5c on 22 February 2013 $172.7 mill

Cash, term deposits & investments

at 31 December 2012 $77.9 mill

Debt

Nil

Shareholders

• n 22 February 2013

Top 20 ~64% Funds/Corp ~67%

Company snapshot

80 90 100 110 120 130 140 150 160 Indexed Performance (%) COE Share Price (A$) S&P/ASX 300 Energy Accumulation Index

Added to ASX 300

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INVESTOR PRESENTATION 25 February 2013

Our strategy and business

Leveraging strengths for TSR

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INVESTOR PRESENTATION 25 February 2013

• Financial Results: Solid and in-line with activities

– Sales revenue of $23.4 million, marginally down from $25.8 million (pcp) – Total Profit Attributable to Members of $4.6 million up from $(4.1) million (pcp) – Profit from Continuing Operations of $4.9 million, down from $8.3 million (pcp) – Cash and Investments increased to $77.9 million from $74.7 million at 30 June 2012

• Production and Exploration: Good results and momentum

– Production of 213 kbbls oil vs pcp 225 kbbls as Lycium to Moomba pipeline start-up deferred some production – 2nd half production expected to be at least 35% higher than 1st half with full year expectation of 500 to 550 kbbl – 80% drilling success - PEL 92 drilling program yields 4 successes from 5 wells – Reserve additions from drilling program to December 2012 expected to exceed first half production

• Strategy and Development: Business foundation strengthened and strategy implementation

going to plan

– Australia focus and growth – Head office relocated to Adelaide – John Conde AO - Chairman succession announced 25 February 2013 – Cash and investment position provides strong capital foundation for strategy execution

2013 First half - key messages

Strong foundation made stronger

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INVESTOR PRESENTATION 25 February 2013

Six months ending: 31 Dec 2012 31 Dec 2011 Change

Oil produced & sold kbbl 213 225

• 5%

Average A$ oil price $/bbl 110 115

• 4%

Sales revenue $’000 23,368 25,803

• 2,435

Other revenue $’000 1,486 2,761

• 1,275

Profit after income tax from continuing operations $'000 4,890 8,329

• 3,439

Total profit attributable to members $'000 4,561

• 4,103

8,664

as at: 31 Dec 2012 30 Jun 2012 Change

Cash and term deposits $'000 47,571 61,461

• 13,890

Investments available for sale $'000 30,337 13,203 17,134

Production and financial results

Solid & in line with activities

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INVESTOR PRESENTATION 25 February 2013

Movement in financial assets

Generating and re-investing

23.0 17.9 4.3 1.3 7.3 8.8 0.1 61.5 63.6 47.6 13.2 30.3 Jun-12 Receipts Payments Tax Interest Operating E & D Invest. FX Dec-12

Cash applied to Exp, Dev & Investments

• $16.0m

Cash generated by

• perations

+ $2.1m

Investments available for sale at fair value Investments available for sale at fair value Cash at 30 June 2012 Cash at 31 Dec 2012

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INVESTOR PRESENTATION 25 February 2013

Production outlook

Trending upwards

• 500

1,000 1,500 2,000 2,500

Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Average bbls/day, (Australia & Indonesia)

FY 2013 guidance: 500 - 550 kbbls

Pipeline commences

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INVESTOR PRESENTATION 25 February 2013

Cooper Basin

• Western flank oil
• Gas potential

Otway Basin

• Conventional and unconventional

– oil and gas plays

Gippsland Basin

• Gas resource exposure

Reviewing & screening opportunities

Australia focus Cooper, Otway and Gippsland Basins

Nearby infrastructure and low cost

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INVESTOR PRESENTATION 25 February 2013

2013 Second half activity

Strong foundation and material upside

Increase production Book reserves Grow expl. inventory Portfolio management Cooper Basin Up to 6 wells (exploration, appraisal and development); 753 km2 3D

√ √ √ √

Otway Basin 1 well (exploration); conventional and unconventional (oil and gas)

√ √

Tunisia 1 well (exploration); Nabeul farm-out

√ √

Indonesia 1 well work-over; high grading low/medium risk opportunities to grow production and reserves; farm-out Sumbagsel

√ √ √ √

Corporate Corporate opportunities

√ √ √ √

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INVESTOR PRESENTATION 25 February 2013

Cooper Basin

6 wells plus seismic

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INVESTOR PRESENTATION 25 February 2013

Otway Basin

Sawpit -2 plus Casterton Shale

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INVESTOR PRESENTATION 25 February 2013

Tunisia

Hammamet West-3 plus farm- out

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INVESTOR PRESENTATION 25 February 2013

Indonesia

Growing reserves and production

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INVESTOR PRESENTATION 25 February 2013

Cash plus investments up and reserves/resource base growing  Implementing strategy and plans

• head office moved, Chairman appointed, new team in place
• increased focus on Eastern Australia

Production growth

• Australia & Indonesia
• screening acquisitions

Activity increasing significantly including company changing opportunities

• Tunisia and Otway drilling
• corporate activity

Implementing strategy focused on shareholder return

• building value and position in core areas
• prudent cost management
• Australia gas market opportunities
• remuneration closely linked to company performance

Summary

Increasing activity & enhancing value