Metgasco Ltd · ASX:MEL
Metgasco — Investor Presentation (February 2021)
19 slides from Metgasco's investor presentation, Feb 16, 2021
Slide 1: Poised for Growth – Corporate Presentation
Poised for Growth For personal use only Line of sight to profitable business ATP2021 – Vali-1 ST1 gas discovery independently L14 – Cervantes Oil certified net 2P Reserves Exploration project 8.3PJ Corporate Presentation 16 February 2021
Slide 2: Agenda
Agenda ‒1 Company snapshot For personal use only ‒2 Achievements over the last 24 months ‒3 Metgasco’s strategy/asset overview ‒4 Vali-1 ST1 – ATP2021 ‒5 Cooper/Eromanga Basin PRL211 ‒6 Perth Basin- Cervantes – L14 ‒7 Cooper/Eromanga Basin ATP2020 ‒8 Indicative exploration timeline ‒9 Conclusion ✓ D
Slide 3: Company snapshot
Company snapshot Metgasco is an active exploration company poised for growth Company overview Substantial shareholders & Board For personal use only ▪ Experienced team focused on creating shareholder value. Melbana Energy Limited 20.01% ▪ An exploration focus in the prolific onshore Australian Keybr
Slide 4: Achievements over the past months
Achievements over the past 24 months Significant achievements have been made in the last 24 months in 3 key focus areas For personal use only Cooper Eromanga Perth Basin Corporate ✓ ATP2021 successfully farmed-out to ✓ September 2019: signed Perth Basin ✓ In Q3 CY20 the Company completed Vintage Ene
Slide 5: Quality Onshore Australia Exploration Asset Portfolio
Quality Onshore Australia Exploration Asset Portfolio • East Coast Gas - Cooper/Eromanga Basin – Vali gas discovery, stimulated and tested. ERCE For personal use only certification of net 8.3PJ** gas reserves. • West Coast Oil - Perth Basin - Cervantes shallow oil prospect - Hovea Oil field lookalik
Slide 6: Metgasco: Strategy / Asset Overview
Metgasco: Strategy / Asset Overview Strategy - Deliver shareholder returns from current and new E&P assets/investments and be the partner of choice For personal use only Cooper/Eromanga Basin Cooper/Eromanga Basin Onshore Perth Basin ▪ Basin entry farm-in to drill QLD SA Cervantes exploration prospe
Slide 7: ATP2021 - Gross PJ Reserves: how big is the upside?
ATP2021- Gross 33 PJ Reserves ….how big is the upside? Drilling Rig LOI signed for CY2021 two firm (Vali-2/Odin-1) + optional well (Vali-3) appraisal /exploration drilling program to determine size of gas production hub in ATP2021 For personal use only ▪ Assessing the resource upside of the Vali Fie
Slide 8: Potential to develop a gas production hub
Potential to develop a gas production hub Post Stimulation program gas test stabilised rate of 4.3 MMscf/day…an excellent result! For personal use only By focusing on assessing the resource upside ahead of first gas there is the potential to optimise the value of the ATP2021and PRL211 assets, with t
Slide 9: Cooper Basin PRL211 - Strategic Odin Farm-in
Cooper Basin PRL211- Strategic Odin Farm-in • PRL 211 adjacent to ATP2021 licence - Odin gas prospect straddles both permits. For personal use only • ATP2021 JV paying 100% of Odin gas exploration well for 85% licence interest. • Metgasco will own net 21.25% of PRL 211 licence via paying 25% net (c
Slide 10: Projected East and South-Eastern gas production vs demand
Projected East and South-Eastern gas production vs demand New gas discoveries required to ease dependence on the development of “undeveloped For personal use only 2P reserves” and “anticipated developments” to meet forecast demand • Federal Govt has identified gas companies and the delivery of gas t
Slide 11: Perth Basin History - Cervantes 2nd Oil Production wave
Perth Basin History - Cervantes 2nd Oil Production wave West Erregulla Beharra. Springs Deep *B For personal use only Cliff Head Hovea Jingemia Yardarino Dongara *A Waitsia Mt Horner Mondarra Woodada Beharra Springs Redback Kingia/H Tarantula CSS Gas A* Dongara has produced only 1.2mmboe of Oil, but
Slide 12: Perth Basin – Cervantes – L14 - Hunting for Oil in Kingia
Perth Basin – Cervantes – L14- Hunting for Oil in Kingia For personal use only Kingia/High Cliff • Jingemia-1 intersected a 26m water bearing good porosity sand of Kingia/High Cliff Sand(outside of structural closure) reducing the risk of sand presence in Cervantes. • Cervantes structure significant
Slide 13: Perth Basin – Cervantes – L14
Perth Basin – Cervantes – L14 Potentially one of the largest undrilled oil opportunities in the Perth Basin (Gross P50 For personal use only OOIP 35mmbo), with geological similarities to nearby discoveries Near Top Kingia Depth (mTVDss) Exploration Key Data Cattamarra Coal Country Australia Measures
Slide 14: W-E Section: Twin Lions - Cervantes - Waitsia
W-E Section: Twin Lions - Cervantes - Waitsia A A’ For personal use only Cervantes Dongara Kingia HCSS ▪ The regional cross section illustrates the tilted fault blocks of the hydrocarbon bearing Perth Basin ▪ Cervantes shares similar structural features with successful discoveries east of the prospe
Slide 15: Perth Basin: L14 planning to drill Cervantes prospect
Perth Basin: L14 planning to drill Cervantes prospect ▪ Cervantes drilling surface location and access track chosen to minimise environmental footprint and to enable all three For personal use only Permian oil targets to be accessed via one deviated exploration well. ▪ Substantial environmental plan
Slide 16: ATP2020: Loki lead
ATP2020: Loki lead Overlooked, underexplored area with shallow oil and gas potential close to infrastructure For personal use only Exploration Key Data Near Top Toolachee TWT Structure Map CI:0.005s Country Australia Independent Basin Cooper/Eromanga 4 way dip closure Leads Licence ATP2020 Well Loki
Slide 17: 2021/2022 Indicative exploration timeline
2021/2022 Indicative exploration timeline Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 For personal use only Connection to gas network** First gas sales** ATP2021/PRL211 Cooper Basin Stimulate & Complete Oil & Gas Drill Drill Drill Vali-2* Odin* Vali-3** Vali/Odin wells Vali and Odin Drilling, pl
Slide 18: Conclusions - Upcoming investment highlights
Conclusions - Upcoming investment highlights Near term operational, corporate and macro news flows will provide a number of share For personal use only price catalysts Drill Vali-2 and Odin-1 LOI for rig signed to enable planning to drill Vali-2 /Odin prospects ATP2021 / PRL211 consecutively in ATP2
Slide 19: Disclaimer / Reserves and Resource Notes
Disclaimer / Reserves and Resource Notes ▪ This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco) which is current only at the date of this presentation. No representation, express or implied, is made as to the f