Comet Ridge Ltd · ASX:COI

Comet Ridge — Noosa Mining & Exploration Conference 2013

19 slides from Comet Ridge's conference presentation, Jul 18, 2013

  1. Slide 1: Noosa Mining & Exploration Conference

    For personal use only Noosa Mining & Exploration Conference Tor McCaul, Managing Director Noosa, Queensland,18 July 2013 www.cometridge.com.au ASX Code : COI www.cometridge.com.au

  2. Slide 2: Contents

    For personal use only Contents Comet Ridge Limited (COI) Gas Market COI Australian Assets ASX Code : COI www.cometridge.com.au 2

  3. Slide 3: Section 1: Comet Ridge Limited (COI)

    Section 1: For personal use only Comet Ridge Limited (COI) ASX Code : COI www.cometridge.com.au 3

  4. Slide 4: Company Snapshot

    Company Snapshot For personal use only  Upstream energy company focusing on exploration and appraisal of CSG from its Queensland and Northern NSW assets  Exposure to significant upside in basins where there is increasing demand for gas, significant new markets and prices moving upwards  ASX liste

  5. Slide 5: Comet Ridge – Corporate Overview

    For personal use only Comet Ridge – Corporate Overview Capital structure (ASX:COI) 12 month trading history Share price (as at 16 July 13) $0.24 Shares on issue 406.5m Market capitalisation1 $97.6m Cash (as at 31-Mar-13) $6.5m Enterprise value1 $91.1m Source: IRESS 1. Excludes 2.5m unlisted options

  6. Slide 6: Comet Ridge – Corporate Overview: Board

    For personal use only Comet Ridge – Corporate Overview Board James McKay • 25 years in business (commerce/law background) Non-Exec Chairman • Former Chairman, Sunshine Gas Tor McCaul • Petroleum engineer with 25 years in upstream and Managing Director downstream oil & gas Chris Pieters • Geologist w

  7. Slide 7: Net Gas Resources

    For personal use only Net Gas Resources  Significant independent Resource bookings in four areas Comet Ridge Limited – Net Recoverable Resources Location Project COI Contingent Contingent Prospective Interest Resource (2C) Resource (3C) Resource (PJ) (PJ) (PJ) Galilee Basin, Gunn Project Area (ATP

  8. Slide 8: Section 2: Gas Market

    Section 2: For personal use only Gas Market ASX Code : COI www.cometridge.com.au 8

  9. Slide 9: Gas Market Demand

    For personal use only Gas Market Demand  Queensland gas market is Qld domestic gas demand and projected now dominated by LNG gas demand for LNG exports exports  4 large LNG consortia control almost 90% of 2P CSG reserves in E. Aust  Increasing pressure on domestic gas supply and pricing – buyers

  10. Slide 10: Gas Pricing

    Gas Pricing “ For personal use only  Historically, east Australia has had some East Coast gas producers are now talking ” of the cheapest gas in the world publicly of prices of up to $8/GJ (Origin and AGL) and up to $9/GJ (Santos)  East Australian gas prices have ……Draft Energy White Paper, increa

  11. Slide 11: Section 3: COI Australian Assets

    Section 3: For personal use only COI Australian Assets ASX Code : COI www.cometridge.com.au 11

  12. Slide 12: Mahalo Project – Background

    For personal use only Mahalo Project – Background  Located in the northern Denison Trough, 250km west of Gladstone  Close to infrastructure linking to Gladstone  JV partners APLNG and Santos participate in two of the Gladstone LNG projects  COI operational focus on running two pilot schemes with

  13. Slide 13: Mahalo Project (ATP 337P), Bowen Basin

    Mahalo Project (ATP 337P), Bowen Basin ATP 337P (COI 35%, Stanwell 5%, APLNG 30%, Santos 30%) For personal use only  Mahalo and Mira pilot wells drilled July 2012 and January 2013  Permeabilities in the hundreds of mD measured  Confirms pilot area coals are highly productive  Construction of Mah

  14. Slide 14: ATP 337P Mahalo Agreement with Stanwell

    For personal use only ATP 337P Mahalo Agreement with Stanwell  Sale to Stanwell Corporation of COI interest in ATP 337P Mahalo:  5% interest for $7 million;  Stanwell funding up to $8 million of drilling programme and pilot facilities  Stanwell option to pay $1M per PJ of 2P reserves booked (to

  15. Slide 15: Galilee Basin – Greater Gunn Project Area

    For personal use only Galilee Basin – Greater Gunn Project Area ATP 743P, ATP 744P and Galilee Farm-in  100% interest in 13,000 km2 plus up to 75% interest in Farm-in Area (825 km2), operated by COI  5 initial wells (2010) and 2D Seismic acquisition programme (2011)  1,870 PJ of 3C Contingent Res

  16. Slide 16: Galilee Basin – Commercial Options

    For personal use only Galilee Basin – Commercial Options Galilee Basin market opportunities  Different market segments emerging for commercial development: coal, power, LNG  Development option 1: Power for coal mines / local generation  Development option 2: Gas supply to LNG projects at Gladston

  17. Slide 17: Gunnedah Basin – Regional Activity

    Gunnedah Basin – Regional Activity Gunnedah Basin permits and infrastructure For personal use only  Significant investment has been made in the basin (ESG, Santos, EnergyAustralia) and material reserves delineated  NSW Government policy has recently curtailed exploration in NSW within two km of to

  18. Slide 18: Important Notice and Disclaimer

    For personal use only Important Notice and Disclaimer Disclaimer This presentation (Presentation) has been prepared by Comet Ridge Limited (ABN 47 106 092 577) (Comet Ridge). The Presentation and information contained in it is being provided to shareholders and investors for information purposes onl

  19. Slide 19: Comet Ridge Limited Contact

    Comet Ridge Limited For personal use only Contact Level 1 GPO Box 798 Telephone: +61 7 3221 3661 283 Elizabeth Street Brisbane 4001 Facsimile: +61 7 3221 3668 Brisbane 4000 Email info@cometridge.com.au www.cometridge.com.au ASX Code : COI www.cometridge.com.au 19

Comet Ridge — Noosa Mining & Exploration Conference 2013 on 6ix