Developing gas for southern Australia

Euroz Hartleys Institutional Conference

10 March 2021

1. Strategically located gas portfolio

  • 2. Southern gas shortfalls

3. Gas projects align with forecast shortfalls

Cover: Cooper Energy's Athena Gas Plant

A material gas portfolio ideally located for southern markets…

Strategically positioned close to infrastructure and customers

  • • Oil and condensate production

  • • 1.6 MMboe 2P reserves1

  • • Callawonga-13 horizontal well in PEL 92 spudded 4-Mar-21

  • • Exploration prospects

  • • Casino Henry gas production (~15 TJ/day)

  • • Athena Gas Plant

  • • OP3D (Henry, Annie development)

  • • Exploration prospects

  • • Dombey appraisal

  • • Exploration prospects

2P gas reserves: 296 PJ1

Cooper Basin

Otway Basin (onshore)

Gippsland BasinOtway Basin

2C gas resources: 187 PJ1

Gippsland BasinOtway Basin

1. For further information on reserves and resources, refer to ASX announcement dated 31 August 2020; there have been no material changes to information or assumptions contained in this announcement

Forecast southern1 gas demand and production

…as gas supply shortages are forecast to grow…

By 2024, southern gas production expected to lag demand by 113 PJ (~5x annual Sole production)

PJ

Surplus / (shortfall) in southern production relative to demand

PJ

500

400

300

200

100

0

40

2020

2021

2022

Production from existing and committed sources

2023

2024

Southern demand

-(40)

(80)

(120)

Source: AEMO Gas Statement of Opportunities 2020

1. AEMO defines southern states as New South Wales, Victoria, Tasmania and South Australia

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Cooper Energy Limited published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2021 21:52:03 UTC.