Comet Ridge Ltd · ASX:COI
Comet Ridge — Investor Presentation (September 2005)
20 slides from Comet Ridge's investor presentation, Sep 7, 2005
Slide 1: Comet Ridge Limited: Getting it Done
COMET RIDGE LIMITED Getting it Done September 7- 8, 2005
Slide 2: Comet Ridge Limited
Comet Ridge Limited 9 Formed 2 years ago 9 Floated 16 months ago 9 Established in the Australian CSG business 9 Expanded into the US in 2005
Slide 3: Strategy
Strategy 9 Large scale coal seam gas projects 9 Low risk, close in exploration and rejuvenation of mature oil and gas fields utilizing under-balanced directional drilling technology
Slide 4: Achievements
Achievements In the past 16 months: 9 Significant gas reserves @ Tipton West 9Significant gas resource @ Mahalo 9Strategic alliance to secure drilling technology 9Strengthened balance sheet via sale of Tipton West 9Initiated US Strategy
Slide 5: Current Activities
Current Activities
Slide 6: Australian Business
Australian Business ATP’s 743 & 744A Entering RTN Mahalo Earning 40% ATP’s 683 & 689 Sold, retained royalty PEL’s 427 & 428 Farmed out
Slide 7: Mahalo Project
Mahalo Project 9Core Project 9Earning 40% 9Gas Resource ~ 1 TCF 93 wells Q4 2005 9Flow test inferred gas cap
Slide 8: Mahalo Drilling
Mm Comet Ridge Lowesby 1 Sunlight 1 \ Mahal Humboldt | Project Area —— Gas pipeline Creek 1 oe Petroleum Wells “\~\y Edge of Permian Dry hole, Gas Show Coal Hole _-250~ Depth metres sub sea Comet Ridge ‘: Cara Hiclen. Structural High Proposed @ Gasfield Core Holes Pollux Seam Top Bandanna Formation
Slide 9: What the US Offers
What the US Offers 9 Premium energy market 9 Broad spectrum of opportunities 9 Short time from discovery to cash flow 9 Increased opportunity to apply competitive advantage 9People & drilling technology
Slide 10: US Gas Market
INN Comet Ridge Natural Gas Spot Henry Hub $9.98 10.00 9.00 8.00 7.00 US$/MCF 6.00 5.00 4.00 August August 2004 —
Slide 11: US Gas Market
US Gas Market Source: Energy Information Agency Annual Energy Outlook 2005 Market Trends - Natural Gas Demand and Supply
Slide 12: JV Areas
SN Comet Ridge Canada +? wa TE acs _ aa wearers } . jie: | ____ | Wyoming | Utah | Colorado | New | | Mexico KILOMETRES,
Slide 13: Rocky Mountain JV
Rocky Mountain JV Reservoirs Amenable to Under-balanced Directional Drilling
Slide 14: Cedar Creek
Cedar Creek Cedar CedarCreek CreekArea Area Coal CoalSeam Seam++Conventional ConventionalGas Gas
Slide 15: Growth Objective
M M CFD Ja 0 20 40 60 80 100 120 n- Ap 00 r- 0 Ju 0 l- O c 00 t- Jan 00 J a 00 n -0 Ap 1 r- 0 Ju 1 l- O c 01 t- J a 01 n -0 Ap 2 r- 0 Ju 2 l- O c 02 t- 0 Ja 2 n- Ap 03 r- 0 Ju 3 l- O c 03 t- 0 Ja 3 n- Ap 04 r- 0 Ju 4 l- O c 04 t- J a 04 n -0 Ap 5 r- 0 5 Jun 05 The Precedents Growth Objective Greenhi
Slide 16: Strategic Alliance
Strategic Alliance • Directional & under-balanced drilling technology
Slide 17: Planned Activity
INN Comet Ridge Q3 Q4 Q1 Q2 Q3 Q4 VY AN Tipton $ $ $$ = Mahalo A A A A NSW < A A (oO We Wy > > > Rocky Mtn JV > a) 7 Cedarck| g g A
Slide 18: Capital Structure
Capital Structure ASX code: COI Issued shares: 61.2m shares Issued options: 6.4m 3yr 20¢ options Market cap: $8 million Cash: $5.5 million* Top 20: 56% Shareholders: 490 *Proforma
Slide 19: Disclaimer
Disclaimer Comet Ridge Limited has taken all reasonable care in producing the text and images contained on this presentation but does not warrant that the information contained herein is accurate or up to date. The information on these slides is based on publicly available information, internal data
Slide 20: Comet Ridge
Comet Ridge