Comet Ridge Ltd · ASX:COI
Comet Ridge — RBS Morgans Unconventional Oil & Gas Day (May 2011)
14 slides from Comet Ridge's conference presentation, May 3, 2011
Slide 1: Comet Ridge Limited – RBS Morgans Unconventional Oil & Gas Day
For personal use only Comet Ridge Limited Tor McCaul, Managing Director RBS Morgans Unconventional Oil & Gas Day Sydney, 3 May 2011
Slide 2: Corporate Overview – Capital Structure and Share Price Performance
Corporate Overview 2 For personal use only Capital Structure – ASX: COI 12 Month Share Price Performance Share price: $0.35 3,000 A$0.145 (as at 29 April 2011) $0.30 2,500 Shares on issue (million): 307.4 $0.25 2,000 Unlisted options (million): 29.1 $0.20 1,500 Undiluted market cap: A$44.6m $0.15 1,
Slide 3: Area of Focus
For personal use only Area of Focus 3
Slide 4: Comet Ridge Management and Board
Comet Ridge Management and Board 4 Management: Board of Directors: For personal use only Tor McCaul Managing Director James McKay Non Exec. Chairman Petroleum Engineering background with over 20 years’ Commercial and legal background with over 20 years’ upstream oil and gas experience. LNG experienc
Slide 5: Comet Ridge Strategy
Comet Ridge Strategy 5 For personal use only > Maximise shareholder leverage to exploration upside through exposure to projects in the early phase of the exploration cycle > Take material equity positions in key Coal Seam Gas basins to diversify exposure > COI has material positions in the Bowen, Gu
Slide 6: Resource Base Building
Resource Base Building 6 For personal use only > Significant Contingent & Prospective Resource bookings (in excess of 4100 PJ) achieved: > ATP 337P Mahalo (Bowen Basin) > ATP 744P Galilee (Gunn Project Area) > PEL 427 & PEL 428 (northern Gunnedah NSW) Comet Ridge Limited – Net Recoverable Resources
Slide 7: Galilee Basin - ATP 743P & ATP 744P
Galilee Basin - ATP 743P & ATP 744P 7 > For personal use only 100% interest in both ATP 743P & ATP 744P > Initial Contingent & Prospective Resource booking of 1870 PJ & 597 PJ for Gunn Project Area > Substantial acreage position in eastern Galilee Basin > Permits very large at 12,991 km2 > Five well
Slide 8: Bowen Basin - ATP 337P Mahalo
Bowen Basin - ATP 337P Mahalo 8 For personal use only > Significant net Contingent Resource certified at 442 PJ > Block located near existing and proposed pipeline infrastructure > JV Partners Santos and APLNG (Origin-Conoco) each have LNG projects proposed for Gladstone > 2011 JV budget approved an
Slide 9: Gunnedah Basin
Gunnedah Basin 9 For personal use only > COI permits very large and cover 13,028 km2 of the northern Gunnedah Basin > PEL 427 (COI 25%) > PEL 428 (COI 40%) > CSG exploration operated by Eastern Star Gas > located north and west of ESG’s Narrabri Gas Project in PEL 238 > Significant CSG potential in
Slide 10: Gunnedah Basin - PEL exploration
Gunnedah Basin - PEL 428 exploration 10 For personal use only > Focus in PEL 428 so far has been in the north of the permit > South of permit has had little CSG exploration activity > Seismic acquisition over southern section of Pilliga Trough scheduled for mid 2011 > Focus on imaging CSG and Conven
Slide 11: New Zealand Blocks
New Zealand Blocks 11 For personal use only > NZ tenement portfolio consists of 100% interest in three permits covering 8,600 km2 > Airborne magnetic and radiometric survey completed with gradiometry survey underway > First of its kind for CSG in NZ > Results to date show much better definition of b
Slide 12: USA – Comet Ridge Resources LLC
USA – Comet Ridge Resources LLC 12 For personal use only > COI has a 17.257% equity interest in Comet Ridge Resources LLC > Florence field in Colorado averaging 631 bbl/day gross oil production during January quarter > Net back prices for March in excess of $95 per bbl > Drilling commenced on six ne
Slide 13: The next months
The next 12 months 13 For personal use only > Galilee Basin work programme focusing on structure ahead of the next drilling programme / pilot scheme > Seismic acquisition to better define the Structural Nose in Gunn project area & locate the pilot > Technical planning for Pilot Scheme will continue
Slide 14: General Disclaimer
General Disclaimer 14 For personal use only > This document has been prepared by Comet Ridge Limited to provide existing and prospective investors in Comet Ridge Limited with an update on the Company and its operations. > This presentation, including the information contained in this disclaimer, doe
Comet Ridge — RBS Morgans Unconventional Oil & Gas Day (May 2011) on 6ix