David Evans, Acting Chief Operating Officer 7 th Annual AACC Energy Conference - Houston An Introduction to Drillsearch Energy and the Cooper Basin February 2015
Building a Significant Mid Tier Company in the Cooper Basin DRILLSEARCH AACC ENERGY CONFERENCE 2 Only ASX 200 Company Offering Pure Cooper Basin Exposure Cooper Basin = 130,000km 2 Drillsearch acreage = 22,700km 2
History of Production Growth DRILLSEARCH AACC ENERGY CONFERENCE 3 Australia’s third-largest onshore oil producer Production Growth Australian Onshore Oil Producers (Q1FY2015) Average daily production* * Source: September Quarterly Production Reports/ASX Announcements
Self-Sustaining Business Model DRILLSEARCH AACC ENERGY CONFERENCE 4 Oil provides the horsepower for Wet Gas and Unconventional in the near term Oil – Maintain and grow production while replacing reserves Wet Gas – Grow reserves and production commercialise new and existing discoveries Unconventional – Optimise spend to deliver value drivers Oil storage on the Western Flank Unconventional Drilling in ATP 940 Wet Gas Extended Production Test
Australia’s Premier Onshore Oil and Gas Address DRILLSEARCH AACC ENERGY CONFERENCE 5 Producing oil and gas since the 1960’s More than 2,000 wells drilled and more than 300 fields discovered Significant production and transportation infrastructure Pipelines to major population centres
Operating Environment DRILLSEARCH AACC ENERGY CONFERENCE 6 Area spanning 130,000 km 2 1,000 km from a major population centre (Adelaide), 1,500km from Brisbane Roads mostly unsealed Santos maintains 5,000 km of roads across the Basin Sealing of the Strzelecki Track under consideration Road upgrade supported by Drillsearch in ATP 940 Cooper Basin aerial view Two airports connecting to state capitals – Moomba and Ballera Innamincka airstrip being upgraded Truck time from Adelaide to Moomba, 18 hours; including over 450km of dirt road
HEAD OFFICE LEVEL KENT STREET SYDNEY NSW 2000 PH: FX: E: W: Please contact for further information DUDLEY WHITE GM – CORPORATE COMMUNICATIONS