Gippsland and Otway Basin Developments
COOPER ENERGY
Otway Basin gas hub-visible near-term growth
Six prospects identified with high assessed chance of geological success
Otway phase-3 development
Development of Annie gas discovery 64.6 PJ 2C (100% basis) 1 through Athena
Drilling campaign based around Annie + 2 low-risk exploration wells
-
Close to market and fast tie-back opportunity
Timing of FID now subject to economics and JV alignment
Legend
Gas pipeline
Proposed gas pipeline
Umbilical
Proposed umbilical
Existing well
Gas field
Gas prospect
SEA Gas Port Campbell to Adelaide Pipeline
SEA Gas Port Campbell to lona Pipeline
South West Pipeline
Athena Gas Plant
lona Gas Plant
Mean prospective resources
2,3
Prospect
Gross (Bcf)
COE net (Bcf)
Pg4
Amplitude
support
Henry
Elanora
161
81
67%
Isabella
149
74
70%
Elanora
Heera
86
43
63%
Pecten East
76
38
73%
Nestor
64
64
81%
Juliet
49
24
84%
Total
585
325
Otway 181
Pecten East
Netherby
Annie
Minerva
Juliet
Subsea pipeline (32.6km)
Casino
Isabella
Nestor
Heera
Plan area
Portfolio of high-quality prospects, close to existing infrastructure, provides next wave of growth
and cash flow generation
¹Annie 2C resource included as part of the Otway Basin 2C number in the FY23 Reserves and Contingent Resources ASX release on the 25 August 2023 | 2Prospective Resources of the unrisked volume estimated to be
recoverable from the prospect attributable to the Cooper Energy joint venture interest. The estimated quantities of petroleum that may be potentially recovered by the application of future development project(s) relate to
undiscovered accumulations | 3Mean Prospective Resource for the Otway prospects was announced to the ASX on 9 February 2022 | 4Pg represents the estimated probability of finding moveable gas
COOPER 8
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