Investor Presentaiton
FY20 capital expenditure guidance splits
Investment focus remains on Cooper Basin and Victoria
Capital expenditure by type
...by asset group
5%
4%
14%
29%
4%
57%
Exploration/Appraisal
...by target
8%
30%
Development
■Fixed
62%
27%
■Cooper Basin JV
■ Vic Otway
■ WA
26%
33%
■ Western Flank
■SA Otway
■ Other
Increase in FY20 vs FY19 driven by
•
•
beach
Participation in up to 194 wells (FY18: 134 wells)
o Western Flank (~84 wells doubling FY19).
o Cooper Basin JV (~100 wells, 4 rigs for full year)
o Victoria (ERD and offshore drilling programs)
Re-phasing of Otway drilling expenditure from FY19 to
FY20 (~$50 million)
East Coast and Cooper Basin focus
•
•
Almost two thirds of investment is directed at gas
supplies for the east coast gas market
59% of investment onshore in the Cooper Basin
10
■East Coast Gas
■ Oil
■ Other
"Fixed" refers to stay-in-business capital expenditure.
Growth projects defined as Exploration/appraisal and Development projects
Other represents New Zealand, Western Australia and FrontierView entire presentation