EX-PEL 91 Oil

  • 22 productive wells (at March 31, 2015).
  • Operated by Beach Energy, Australia's largest onshore oil producer.
  • Numerous oil fields in production or being developed
    • Bauer
    • Chiton
    • Stunsail
    • Pennington
    • Hanson
  • Multi-zone 'stacked' targets in Bauer and Pennington Fields
  • Pay zones in McKinlay/Top Namur, Mid-Namur, and Birkhead Formations
  • Compelling Economics
    • High net back for oil and wet gas
    • High flow rates
  • Exploration
    • Very high success rate - most recent appraisal success with Bauer-24 and 25 wells
    • Quick drill and tie-in.
    • Active drilling program ongoing
  • Excellent Infrastructure
    • Year-round access
    • Existing pipelines and facilities
    • Excess oil being trucked to terminal
    • Bauer facility expansion to 133,000 bfpd to be completed by the end of fiscal 2016
    • Stunsail and Pennington facilities - 20,000 bfpd each