Sky Metals Limited · ASX:SKY
Sky Metals — Planet Gas — Corporate Update (June 2011)
15 slides from Sky Metals's corporate update, Jun 28, 2011
Slide 1: Presentation to NSW Farmers Association
Presentation to NSW Farmers Association 28 Jun 2011 Jun 28, 2011
Slide 2: Obligations & Requirements
Obligations & Requirements • Leichhardt Resources awarded subsurface rights to PELs in 2009 by NSW DII • PELs contain time constrained seismic and corehole drilling work/expenditure commitments • Planet Gas is conducting the work program and using MBA Petroleum Consultants as its Project Manager • E
Slide 3: NSW Energy Projects with development approval
NSW Energy Projects with development approval Power station Location Owner Technology Capacity Bamarang Stage 1 Nowra Delta Electricity OCGT 400 MW Bamarang Stage 2 Nowra Delta Electricity conversion to Base load CCGT Bayswater B Bayswater Macquarie Generation CCGT or Ultra- 2000 MW Power Station su
Slide 4: CBM Sydney and Gunnedah Basins
CBM Sydney and Gunnedah Basins Planet Gas is farming in to three PELs for 50%, in three phases Phase 1 - Data acquisition and Due Diligence completed Phase 2 - Commenced October 2010 - Acquisition and processing of a total of 80 line kms of seismic - Drilling and testing of a single open hole in PEL
Slide 5: CBM - Mooki PEL 470
CBM - Mooki PEL 470 • Mooki covers some 670km2, located between the regional centres of Moree and Narrabri in the Northern Gunnedah Basin • The eastern boundary of the prospect is near the Hunter-Mooki fault, a regional structure, along which a thick accumulation of coal bearing sediments may be pre
Slide 6: CBM - Mooki PEL 470
CBM - Mooki PEL 470 Jun 28, 2011
Slide 7: CBM - Mooki PEL 470
CBM - Mooki PEL 470 Bellata-1 well Total Coal : 15.2m 7 Jun 28, 2011
Slide 8: Environmental
Environmental – Before drilling can commence, the location of the corehole and drilling techniques must be approved by the DII to prevent or mitigate possible damage to the local environment, above or below the surface. – The project is subject to a variety of regulatory environmental planning requi
Slide 9: Proposed Operations
Proposed Operations • Single core hole to be drilled to 800-1200m • Environmentally benign drilling fluid will be used • The core hole will recover solid rock samples including coal • Evaluation will comprise wireline logging, gas desorption testing of coal samples and a contingent permeability test
Slide 10: Well Design
Well Design Casing isolates and protects the shallow formations from possible contamination. The bottom hole section will be cored using drilling fluid that forms an impermeable membrane. Jun 28, 2011
Slide 11: Protection of Aquifers
Protection of Aquifers AQUIFER A SOLUTION: CROSS-FLOW THE BOREHOLE CANNOT OCCUR IS LINED WITH AN IMPERMEABLE IMPERMEABLE SHALE MEMBRANE IMPERMEABLE SHALE (FILTER CAKE) FORMED FROM THE DRILLING AQUIFER B FLUID Density of this fluid the same as or slightly higher than formation Jun 28, 2011
Slide 12: Protection of Aquifers
Protection of Aquifers PERMANENT SOLUTION 1 STEEL CASING IS AQUIFER A70 CEMENTED IN PLACE TO COMPLETELY ISOLATE THE AQUIFERS SOLUTION: IMPERMEABLE SHALE BOREHOLE IS LINED IMPERMEABLE SHALE WITH CASING AND CEMENTED IN PLACE – NO FLUID AQUIFER B TRANSFER IS POSSIBLE CEMENT CASING Jun 28, 2011
Slide 13: CBM Conceptual Development
CBM Conceptual Development Multi well screened drilling pads • Reduce amount of land required and number of individual sites (single=2.5 acres, multi 4 acres) • Reduce overall environmental and visual impact • Drain very large areas of the reservoir. One multi-well pad with 10 wells can access 5-10
Slide 14: Summary
Summary • Short duration, minimal impact exploration corehole programme to test presence of coals, thickness, gas content and quality • Coring, wireline logging and permeability testing, no flow of fluids to surface • Minimal exposure to aquifers which will be permanently isolated from each other wi
Slide 15: Planet Gas Limited
Planet Gas Limited 66, Hunter Street, Sydney NSW 2000 Australia +61 2 9300 3322 +61 2 9221 6333 Contact • Ian Halstead, CEO • Andrew Coffey, Planning and Development Manager The information in this report that relates to Exploration Results is based on information compiled by Mr Ian Halstead, geolog