Galilee Energy Limited · ASX:GLL
Galilee Energy — Symposium 21-22 April 2015
20 slides from Galilee Energy's conference presentation, Apr 21, 2015
Slide 1: On the cusp of cash flow
Symposium 21 - 22 April 2015 For personal use only On the cusp of cash flow Paul Bilston – Executive Director
Slide 2: Focussed on near term cash flow and long term growth
Focussed on near term cash flow and long term growth For personal use only • Board and management, as major shareholders, reset corporate strategy 12 months ago • Portfolio selection focused on high margin / high return projects with either near term cash flow or low cost with scale potential • Stra
Slide 3: Company overview
Company overview For personal use only Market overview (20 April 2015) Substantial Shareholders No of shares % ASX code GLL Market capitalisation $20.5m Top 20 holders 84,160,527 55.32% Shares on issue 152.1m Directors & Management 10,997,234 7.23% Closing share price $0.135 Average daily trading vo
Slide 4: Experienced oil and gas team
Experienced oil and gas team For personal use only Board and Management Dr David King Peter Lansom Ray Shorrocks Paul Bilston Non-Executive Chairman Managing Director Non-Executive Director Executive Director PhD, MSc, B.E. Petroleum (Hons) B.E. (Mech), PhD FAusIMM, FAICD. 40+ years experience in na
Slide 5: Corporate direction
Corporate direction For personal use only Clear strategy to grow shareholder value and the capacity to execute Maximise the value of the foundation asset – ATP 529. Demonstrate commercial gas flow and book reserves Current focus Develop a sustainable is on building Three foundation by building a sol
Slide 6: Delivering on strategy
Delivering on strategy For personal use only Galilee is building a diversified global portfolio Building a production base: • Primary focus now on our significant interest in Lavaca County, Texas • Shallow oil in Illinois • Shallow oil and gas in Kansas Building a broader exploration portfolio: • CS
Slide 7: Texas: onshore Gulf Coast
Texas: onshore Gulf Coast For personal use only Texas • Participation agreement covering ~65,000 acres in Lavaca County, onshore Texas Gulf Coast • Primarily focused around two existing large 3D seismic datasets • Partnered with highly regarded Calex Resources Inc and Gruy LLC • Extensive history wi
Slide 8: Lavaca County – Interest Map
Lavaca County – Interest Map For personal use only 8
Slide 9: Hoffer B – Lavaca County
Hoffer B – Lavaca County For personal use only Hoffer B1 • Confirmed gas discovery • High impact exploration well with multiple follow ups • 35% WI before payout (28% after payout) in Hoffer B • Equal terms with all other JV partners in drilling costs • Large ~ 900 acre 3D defined “umbrella structur
Slide 10: Hoffer B – Lavaca County: Drilling results
Hoffer B – Lavaca County For personal use only Drilling results • Total of thirteen documented shows 11,230 – 14,150 ft. • Open hole log results • 40 ft potential pay in shallow Yegua formation • 43 ft of net pay identified in the Middle Midcox, on intermediate OH logs, however hole conditions preve
Slide 11: Hoffer B – Development Plan
Hoffer B – Lavaca County For personal use only Development Plan • Subject to successful well testing at Hoffer B1, appraisal and development is expected to include multiple wells completing different targets. Potentially 6+ wells could be required across the Hoffer B structure targeting the differen
Slide 12: Dworsky Prospect – Lavaca County
Dworsky Prospect – Lavaca County For personal use only Dworsky Hass 1 • 32% WI to casing point (24% after casing point) • Drilled Feb/March 2015 • Drilled without incident and under budget • Intersected sands as prognosed on seismic • Shows were encountered in the lower part of the hole, however non
Slide 13: Spikes East Prospect – Lavaca County
Spikes East Prospect – Lavaca County For personal use only Spikes East Prospect • 40% WI to payout (32% after payout) • Williams channel • Large 2,000 – 2,500 acre channel complex • Multiple individual sand build ups (50 – 100 acres) • Primary Targets – Midcox section • Middle Wilcox, 15 – 65 ft thi
Slide 14: Southern Kansas
Southern Kansas For personal use only Southern Kansas • Progressively earn up to 75% WI in select leases from within existing 110,000 acre lease position • Multiple reservoir targets in Carboniferous: • Lansing & Kansas City groups, Marmaton, Cherokee, Morrow and Mississippi • 40 sq mile 3D seismic
Slide 15: Southern Kansas – Examples of opportunities identified
Southern Kansas – Examples of opportunities identified For personal use only Robust undrilled structural closure at Morrow channels incised into Marmaton Level Mississippian Incised valley Structural closure ~40 ft relief 15
Slide 16: Chile
Chile For personal use only Chile • Partnered with ENAP – Chile’s state owned oil and gas company • Initial MOU to carry out a study (1.8 Million acres) into coal seam gas potential in Magallanes Basin • The Magallanes opportunity represents company-making potential • Significant area • Proven coal
Slide 17: Coal seam gas in Magallanes Basin
Coal seam gas in Magallanes Basin For personal use only • Close to existing markets and extensive pipeline and other infrastructure in a well established hydrocarbons province • Eocene-Oligocene Loreto formation with extensive coals from outcrop to more than 1,200 m depth, secondary targets in the o
Slide 18: Galilee Basin CSG – ATP529P
Galilee Basin CSG – ATP529P an east coast gas story For personal use only • Long history with more than $100 M spent • GLL technical review identified most water production to date not sourced from coals • Proposed new completion designed to test ability to draw down pressure in the coal • AGL curre
Slide 19: A well funded growth story… on the cusp of cash flow
A well funded growth story… on the cusp of cash flow For personal use only • ~$19.6m* of cash and fully funded Strong • Prudent deployment of cash Balance Sheet • Reduced office and non technical G&A costs • Hoffer B potentially transformational for the company • Subject to successful production tes
Slide 20: Disclaimer
Disclaimer For personal use only • This presentation (Presentation) has been prepared by Galilee Energy Limited . The Presentation and information contained in it is being provided to shareholders and investors for information purposes only. Shareholders and investors should undertake their own eval