Metgasco Ltd · ASX:MEL
Metgasco — Good Oil Conference 2010
14 slides from Metgasco's conference presentation, Sep 8, 2010
Slide 1: Presentation to Good Oil Conference
For personal use only Presentation to Good Oil Conference Glenda McLoughlin – Chief Financial Officer September 2010
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco). No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information con
Slide 3: Metgasco overview
Metgasco overview Onshore oil and gas exploration close to For personal use only markets on east coast of Australia Shares on issue – 252 million (approximately) Options on issue – 9 million (approximately) Included in ASX All Ordinaries Index Market capitalisation – A$110 million @$0.44 (
Slide 4: Metgasco overview - board and management
Metgasco overview - board and management Board Board Management&&Technical Management TechnicalTeam Team NICK HEATH Chairman MICK O’BRIEN Chief Operating Officer For personal use only NICK HEATH Chairman MICK O’BRIEN Chief Operating Officer Chemical engineer with over 35 years Over 30 years experien
Slide 5: Metgasco overview - location and acreage
Metgasco overview - location and acreage Leader in the Clarence Moreton Basin For personal use only in NSW with dominant acreage position Basin wide holdings provide unrivalled technical insight 100% ownership and operatorship control Tenements PEL 16 833 km2 PEL 13 909 km2 PEL 426 2,878 km2 T
Slide 6: Unlocking the Clarence Moreton - stacked reservoirs
Unlocking the Clarence Moreton - stacked reservoirs For personal use only Coal Seam Gas Tight Gas Tight Gas Tight Gas Conventional Gas 6
Slide 7: Coal seam gas
Coal seam gas Walloon Coal Measures Widely distributed For personal use only Eleven coal seams with 2P reserves in two reservoirs ¾ Richmond seam ¾ I/J/K seam Most at 200-600metres depth – prime focus for coal seam gas Net coal thickness 14-44metres average 29m Generally fully gas satura
Slide 8: Over Tcf in reserves
Over 2 Tcf in coal seam gas reserves Bcf 2,500 For personal use only 2,153 2,000 1P 2P 3P 1,479 1,500 1,336 1,084 1,000 238 287 381 500 21 3 3 0 2007 2008 2009 2010 Reserves have been certified by Mr Tim Hower of MHA Petroleum Consultants (Denver) who is a qualified person as defined under the ASX L
Slide 9: Huge reserve development upside
Huge reserve development upside - with coal seam gas reserves recognised over less than 10% of acreage For personal use only Bcf PEL 16 PEL 16 ¾ 2P Reserves 381 ¾ 3P Reserves 2,153 PEL 13 ¾ 2C Resources 1,132 (Independent certification) PEL 13 ¾ Prospective resource (Internal estimate) 11,000 PE
Slide 10: Gas, gas, gas - trial production
Gas, gas, gas - coal seam gas trial production For personal use only Coal seam gas wells drilled over 100 km apart – all producing gas 10
Slide 11: Kingfisher – our first conventional discovery
Kingfisher – our first conventional discovery For personal use only Kingfisher E-1 gas discovery Drilled to Total Depth of 2,090 metres Large gas column of 138 metres with 30 metres of net pay Bottom zone was best performer on test ¾ 2,050-2,043.7m ¾ 2.97 million scfd through a 1” choke over
Slide 12: Kingfisher E1 flow testing
Kingfisher E1 flow testing For personal use only 12
Slide 13: Unlocking the Clarence Moreton Basin - over new prospects and leads
Unlocking the Clarence Moreton Basin - over 20 new prospects and leads Unrisked OGIP Bcf For personal use only (Internal estimate) PEL Pmean P10 Previously unexplored mid-basin Kingfisher 16 77 284 high has been identified by Mackellar 16 63 688 Metgasco Mackellar North 16 146 1,793 Bellbird 16 28
Slide 14: Multiple development paths
Multiple development paths For personal use only Local gas market – numerous opportunities for long term gas sales – market size 2 PJ/year Local gas load Gas supply to SE Queensland via Lions Way Pipeline – market size 95 PJ/year Richmond Valley Power Station – 30MW in development ¾ 2.5 PJ/ ye