Metgasco Ltd · ASX:MEL
Metgasco — Coal Seam Methane World Australia 2009
18 slides from Metgasco's conference presentation, Mar 31, 2009
Slide 1: Presentation to Coal Seam Methane World Australia 2009
For personal use only Presentation to: Coal Seam Methane World Australia 2009 Brisbane Glenda McLoughlin – Chief Financial Officer March 2009
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: Today's agenda
Today’s agenda For personal use only Overview Coal seam gas Conventional gas Industry dynamics Commercialisation strategy Next 12 months
Slide 4: Overview: Building a significant presence in CSG & conventional gas
Overview Building a significant presence in CSG & conventional gas For personal use only Metgasco listed on the ASX in December 2004 with the aim of exploring and developing the coal seam and conventional gas potential of the Clarence Moreton Basin in northern New South Wales Listed in December 20
Slide 5: Coal seam gas: Tenements and location
Coal seam gas Tenements and location For personal use only Large acreage position in northern NSW of 6,000 km2 (gross) Metgasco’s CSG Acreage position Gross Area (km2) PEL 16 1 830 km2 PEL 132 1,652 km2 PEL 4262 2,448 km2 Total 5,930 km2 1. In JV with CS Energy; 2. In JV with Molopo Close to mar
Slide 6: Significant gas resources located in Clarence Moreton
Coal seam gas Significant gas resources located in Clarence Moreton For personal use only A substantial reserve position has been PEL 16 - Growth in gross reserve base (PJ) established Significant opportunity for further reserve 1,538 1,538 growth : 2P reserves booked in 4 out of 11 1,158 1,15
Slide 7: Coal seam gas: Pilot production testing
Coal seam gas Pilot production testing For personal use only Flaring at Pilot Well Corella-11 Metgasco is currently running a pilot testing program Lead well in the pilot (Corella-11) produced at 200,000 scf/day 1P Reserves – now achieved Demonstrated by pilot production History matching t
Slide 8: Proven gas reserves established
Coal seam gas Proven gas reserves established For personal use only 1P reserve certification of 2.7 Petajoules (proven, undeveloped) in PEL 16 represents important milestone and highlights the underlying value in Metgasco’s CSG acreage Commercial significance : demonstrates Metgasco has identi
Slide 9: Conventional gas: Substantial prospects
Conventional gas Substantial prospects For personal use only Kingfisher discovery – announced PEL 16 - Prospects and Leads (OGIP estimates) September 2008: PMean P10 Located on the Mackellar high trend PJ PJ Well was drilled to a depth of 1,296 Kingfisher (contingent resource) 41 77 meters and
Slide 10: Significant growth potential with Kingfisher Field
Conventional gas Significant growth potential with Kingfisher Field For personal use only 138 500,000 MTR 505,000 MTR 510,000 MTR 515,000 MTR 80 30 12 13 Kingfisher field is part of larger 148 1 43 0 1630 0 80 12 15 geological structure “Mackellar High 80 1 23 0 Trend” 0 13 3 0 123 0 6,815,000 MTR
Slide 11: CSG is a growing energy resource in Australia
Industry dynamics CSG is a growing energy resource in Australia For personal use only Estimated 2P Reserve Position CSG production in 1996: < 1PJ /year CSG production by 2008: > 127 PJ /year Between 1997 to 2008 CSG 2P reserves have grown from 95 PJ to 12,174 PJ 12,174 PJ Total CSG resources
Slide 12: Significant future growth in gas demand
Industry dynamics Significant future growth in gas demand For personal use only Domestic Market The domestic market for gas is growing “dash for gas” – imminent introduction of carbon emission trading has increased demand for “low CO2 producing” gas fired electricity generators imminent privat
Slide 13: CSG is a strategically valuable asset
Industry dynamics CSG is a strategically valuable asset For personal use only A number of recent transactions have occurred that highlight the value of Australian CSG assets $4.91 $4.08 EV/2P ($/GJ) $4.02 $2.72 $2.37 $2.53 $2.11 $1.67 $1.71 BG/QGC (Feb-08) PETRONAS/STO Shell/AOE (Jun- QGC/SHG (Aug
Slide 14: Commercialisation strategy: Demand Base
Commercialisation strategy For personal use only Demand Base Carbon Pollution Reduction Scheme & Gladstone LNG will support east coast gas demand and require additional supply Lions Way Pipeline Flexible supply capability into market Alliances in place with strong counterparties for gas off ta
Slide 15: Commercialisation strategy: Supply Base
Commercialisation strategy For personal use only Supply Base Lions Way Gas Pipeline – Pipeline to connect gas field to customers in QLD under development: Lions Way Pipeline Lions Way pipeline – 145km pipeline starting in Casino (NSW) and finishing in Ipswich (QLD) Development of pipeline will
Slide 16: Board & Management
Board & Management For personal use only BOARD MANAGEMENT Dr Peter Power – Chairman Kevin Dixon – General Manager Gas Marketing Former Managing Director of Ampolex. Past Chairman of APPEA. Former Head of Strategy for Australian Pipelines Trust, 30 David Johnson – Managing Director years experience w
Slide 17: Financial Data
Financial Data For personal use only Listed Australian Securities Exchange (ASX) Dec 2004 ASX Code MEL Current Share Price $0.45 Market Cap $69 million Shares on issue 153.3 million Options on issue 20 million Notes: Share price and Market Cap as at 30 March 2009
Slide 18: Next months: Further drilling and infrastructure development
Next 12 months Further drilling and infrastructure development For personal use only Currently finalising capital raising. Successful institutional placement completed raising $8 million. Rights Offer currently underway to raise an additional $7.7 million. Reserve development drilling to: incr