INVESTOR PRESENTATION

7 March 2012

Investor Presentation

7 March 2012

David Maxwell, Managing Director

INVESTOR PRESENTATION

7 March 2012

The information in this presentation:

Is not an offer or recommendation to purchase or subscribe for shares in Cooper Energy Limited or to retain or sell any shares that are currently held.

Does not take into account the individual investment objectives or the financial situation of investors.

Was prepared with due care and attention and is current at the date of the presentation.

Actual results may materially vary from any forecasts (where applicable) in this presentation.

Before making or varying any investment in shares of Cooper Energy Limited, all investors should consider the appropriateness of that investment in light of their individual

investment objectives and financial situation and should seek their own independent professional advice.

Competent Person

Unless stated otherwise, any statements in this presentation regarding reserves and resources estimates have been agreed to by Mr Stephen Twartz – Exploration

Manager, Cooper Energy and a full time employee of Cooper Energy, holding a Bachelor of Science, Master of Environmental Studies and qualified in accordance with

ASX Listing rules 5.11 and has consented to the inclusion in the report of the matters based on the information in the form and context in which it appears

Hydrocarbon Reporting Standard

Cooper Energy reports hydrocarbons in accordance with Cooper Energy’s Hydrocarbon Reporting Guidelines that is freely availab le from Cooper Energy’s website which is

(www.cooperenergy.com.au/policies/index.php).

2

Important Notice - Disclaimer

INVESTOR PRESENTATION

7 March 2012

Capital structure

Share price 12 months low - high (to 6 March 2012)

32- 54 cps

Shares on issue 292. 8m

Market capitalisation @ 52.5 cps on 6 March, 2012

A$153.7m

Cash @ 31 December, 2011 (inc deposits)

A$68.6m

Enterprise value A$85.1m

Shareholders Top 20 ~52%

Insto/Funds ~47%

3

Company snapshot

0.0

2.0

4.0

6.0

8.0

10.0

12.0

0.30

0.35

0.40

0.45

0.50

0.55

0.60

Mar-

11

Ap

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May-1

1

Jun

-11

Jul-

11

Aug

-11

Sep

-11

Oct-

11

No

v-1

1

Dec-1

1

Jan

-12

Feb-1

2

Vo

lum

e (m

m)

Sh

are

Pri

ce (A

$)

Volume Price

INVESTOR PRESENTATION

7 March 2012

4 Improving performance

Company snapshot

Financial, production and reserves

Production (barrels oil)

FY 2011

FY 2012 (guidance-Cooper Basin only)

406,710

(500,000+)

Revenue (A$million)

January-June 2011

July-December 2011

20.7

25.8

EBITDAX (A$million)

January-June 2011

July-December 2011

8.3

12.7

Reserves and resources (million barrels @ 30 June 2011)

Proven and probable reserves

Contingent resources (1)

(1) Hammamet West only, COE share

2.47

33.30

H1 H1

H2

H2 Forecast

0

100,000

200,000

300,000

400,000

500,000

600,000

FY 2011 FY 2012 (f)

Production growth

INVESTOR PRESENTATION

7 March 2012

5

Delivering the plan

Clear strategy and shareholder return

40% increase in revenue to

$25.8 m

137% increase in consolidated

profit (continuous ops) to $8.3m

Cash $A68.6million

Pursue growth catalysts

consistent with strategy

Otway

Tunisia

Acquisitions and mergers

Australia gas business

Leverage strengths and build

strong foundation

Valuable Cooper Basin oil

Tunisia position

Strong cash flow and cash

Monetise non-core

assets

Romania

Indonesia

Poland

Otway drill Q3 2012

Tunisia drill Q4 2012

o Evaluating M&A opportunities

o Analysing gas opportunities

Romania - exit and sold

interest

o Indonesia - evaluating

options

o Poland - evaluating

options

INVESTOR PRESENTATION

7 March 2012

Production

12 fields

FY11: 406,710 barrels (COE share)

FY12: target 500,000+ barrels (COE share)

Development (PEL 92)

7 wells being connected

Further development drilling

Exploration

Drilling starts June Quarter

Seismic - Rincon 3D and Fusinus 2D

6

Cooper Basin oil – PEL 92 (COE 25%) & PEL 93 (COE 30%)

Increasing production + development + exploration

INVESTOR PRESENTATION

7 March 2012

Very robust economics

Typical economic threshold is 45,000 barrels/well at US$100/barrel post drill

7

Cooper Basin - Western Flank oil

High margin business

INVESTOR PRESENTATION

7 March 2012

Prospective oil & gas area

793 km2 in basin heartland

Significant shale gas potential

Access to markets

September Quarter well -

(“Sawpit Updip”)

▫ dual targets

▫ Beach and Somerton funding

Otway Basin – PEL 495 (COE 50%)

Significant potential + multiple targets

8

(1) Somerton Energy Limited presentation September 2011

INVESTOR PRESENTATION

7 March 2012

Tunisia

3 contiguous licences

▫ Bargou 30%

▫ Hammamet 35%

▫ Nabeul 85%

12,644 km2

600 km2 Nabeul 3D seismic

Hammamet West-3 well

Nabeul exploration well

Multiple prospects and leads

Contingent P50 recoverable

resource 33.3(1) mill bbls

(1) COE share - Hammamet West only, excludes

Tazerka & Fuchshia

9

Proven region – with superior returns

INVESTOR PRESENTATION

7 March 2012

Tunisia – Hammamet West (COE 30%)

Dual targets

▫ 10 million bbls (P50) Birsa (1)

▫ 101 million bbls (P50) Abiod (1)

Farm-in partners fund up to A$26.6m

▫ Dragon Oil - 55%

▫ Jacka Resources - 15% (2)

Dragon valuable experience

▫ carbonate plays

▫ region

Drill December Quarter 2012(3)

1. 100% basis recoverable

2. After Farm-in

3. October spud target

10 Dual targets

Hydrocarbons

NW SE

Possible HW#3

INVESTOR PRESENTATION

7 March 2012

Tunisia – Hammamet West – development concepts

11

101 million barrels (P50) recoverable

10 million barrels recoverable

Game changer

INVESTOR PRESENTATION

7 March 2012

Non-core assets

12

Focussing the portfolio

Indonesia – Sukananti/Sumbagsel

Stable growing production (150+bbls/day)

24 km2 Sukananti 3D seismic, 2011

Production growth

Multiple appraisal and exploration

opportunities

Reserves review and upgrade pending

Poland

Prospective contiguous licences

Conventional and unconventional

524 km Kanina 2D seismic, 2011

Numerous prospects and leads

INVESTOR PRESENTATION

7 March 2012

Strong cash position

Healthy cash flow

Production growth

existing Cooper Basin oil fields

discoveries

acquisitions

Company changing opportunities

Otway well September Quarter 2012

Tunisia-Hammamet West-3 well October 2012

corporate activity

Focussed on shareholder return & clear strategy

monetising non core assets

farm-outs reduce risk

align remuneration and shareholder return

Financial

Plans being implemented 13

INVESTOR PRESENTATION

7 March 2012

Forward activity

CY 2012 CY 2013

Q1 Q2 Q3 Q4 Q1 Q2

Cooper Basin

- Production From 12 fields

- New pipeline

- Tie in new discoveries 3 discoveries

- Drilling - appraisal & exploration Multiple wells

- Seismic

Otway Basin

- Drilling - exploration 1 well

Tunisia

- Drilling - exploration/appraisal 1 well 1 well 1 well

Indonesia & Poland

- Evaluate best monetisation option

Robust growing base + growth catalysts