Metgasco Ltd · ASX:MEL

Metgasco — Investor Presentation (September 2012)

16 slides from Metgasco's investor presentation, Sep 6, 2012

  1. Slide 1: Unlocking the Potential

    Unlocking the Potential Investor Presentation 06 September 2012

  2. Slide 2: Disclaimer

    Disclaimer 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 contained in this present

  3. Slide 3: Corporate Overview

    Corporate Overview  Metgasco (“MEL”) is an ASX listed, onshore conventional and unconventional gas company, with significant 100% owned acreage in the Clarence Moreton Basin in northern NSW  MEL’s pilot wells have demonstrated economic gas production in its large resource base and local gas sales

  4. Slide 4: Industry Experienced Board and Management

    Industry Experienced Board and Management  MEL’s Board and management bring high quality industry experience  Board has proven track record of project delivery and senior leadership in the E&P industry  Management has strong technical background; over 100 years of combined E&P operating experienc

  5. Slide 5: Investment Highlights

    Investment Highlights Significant reserves  Largest uncontracted gas reserves on the East Coast with high upside potential  Large scale CSG resource play with original gas in place (OGIP) of 24 Tcf  Reserves / proven  MEL provides an existing reserves base and proven production production – clos

  6. Slide 6: Significant CSG Reserves Base

    Significant CSG Reserves Base  World scale acreage position in the Clarence Moreton Basin  3 tenements (PEL 16, 13 & 426)  1,126,059 acres  100% owned  Large gas resource potential  MEL’s starting base for CSG is a large OGIP estimate of 24 Tcf  Current reserves established in 10% of MEL’s ac

  7. Slide 7: Further Upside from Conventional Gas Discovery

    Further Upside from Conventional Gas Discovery  Kingfisher E01  First major conventional gas discovery in NSW (November 2009)  Large section of gas charged sands identified  138 metres of gas charged sands in Ripley Road and Gatton formations  Up to 500 meters of additional section below TD of

  8. Slide 8: CSG Proven Production – Richmond Seam

    CSG Proven Production – Richmond Seam Schematic of Multi-Lateral Well After several years of resource definition, MEL has recently refined completion techniques to enable strong, sustainable gas flow rates  Corella P11 – single lateral on production test for over three years – 200 mcfd production r

  9. Slide 9: Large Uncontracted Coal Seam Gas Reserves

    Large Uncontracted Coal Seam Gas Reserves  100% ownership of gas reserves Australian Coal Seam Gas Reserves (Petajoules) Company 3P 2P  Large uncontracted reserve position in QGC (BG) 14261 7245 the CSG sector Origin 7268 5122 ConocoPhillips 6265 5004  Reserves: Santos 7409 4564 Shell 6879 2874 

  10. Slide 10: Strong East Coast Demand – Domestic and Export

    Strong East Coast Demand – Domestic and Export Gas Market is undergoing significant structural change driven by  LNG developments in QLD - Gas being sold to higher priced Asian LNG markets  Transition to a lower carbon economy  Declining production from traditional east coast conventional gas - C

  11. Slide 11: NSW – Security of Supply?

    NSW – Security of Supply? “The point is that NSW is facing a gas supply crisis…The supply contracts start to run out in 2014 and one-third of the energy in NSW comes from gas.” The Hon Chris Hartcher, MP, The Australian - August 18 2012  NSW consumption approx. 140 PJ/annum and growing  95% of NSW

  12. Slide 12: Upward Trend in Gas Prices

    Upward Trend in Gas Prices Price risk now skewed to the upside Availability of abundant low-cost marginal CSG for domestic use now increasingly unlikely Source: National Gas Outlook: Domestic gas Prices and Markets. ACIL Tasman 30 May 2012  Days of wholesale sales gas prices contracts under $4/GJ a

  13. Slide 13: Multiple Commercialisation Options Available

    Multiple Commercialisation Options Available Option 1 Grow  Small volume, high margin sales to Gladstone Domestic Gas local businesses competing with Business LPG ($25/GJ) and diesel ($35/GJ)  Potential partnership with power Power specialists for long term gas supply Alliance to small-mid-scale d

  14. Slide 14: Strong Government Support for Gas Industry Growth

    Strong Government Support for Gas Industry Growth “With yet to be tapped coal seam gas reserves representing over 250 years of supply, it’s essential that we start to get Projects moving with proper protection in place." The Hon Chris Hartcher , MP, NSW Minister for resources and Energy, 15 May 2012

  15. Slide 15: Strong Relationship with the Community

    Strong Relationship with the Community Metgasco Land Manager meeting a local Casino farmer Landowners Local Community  Metgasco has strong relationships with the  Metgasco sees the local landowners as local community and all tiers of government. critical partners.  The team of 15 employees in our

  16. Slide 16: Ready to Go

    Ready to Go  Heightened demand for gas  Local NSW demand for gas to displace high priced LPG and diesel  Gladstone LNG projects require additional gas to meet export commitments  Potential for stand-alone LNG project with FLEX LNG  Metgasco is among the last remaining independent companies on t

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