Galilee Energy Limited · ASX:GLL
Galilee Energy — RIU Good Oil Conference 2015
16 slides from Galilee Energy's conference presentation, Sep 2, 2015
Slide 1: Galilee Basin in Focus
RIU Good Oil Conference - Perth 2 September 2015 For personal use only Galilee Basin in Focus Peter Lansom – Managing Director
Slide 2: Corporate snapshot
Corporate snapshot For personal use only Financial information Top shareholders Share price (28-Aug-15) A$0.099 Ecarlate 12.1% Ekco Investments 4.9% Number of shares 152.1M AMP Capital Investors 5.5% Market capitalisation A$15.1M Nero Resource Fund 4.2% Cash (30-Jun-15)1 A$16.0M Directors and manage
Slide 3: Board and management
Board and management For personal use only STRONG LEADERSHIP TEAM ASSEMBLED WITH PROVEN WORLD CLASS EXPLORATION SUCCESS Proven exploration success of Galilee Energy Board and management team Core Galilee Energy exploration team is ex-Origin – Team was fundamental in building Origin’s portfolio of
Slide 4: Delivering on strategy
Delivering on strategy For personal use only EXECUTION OF OUR STRATEGY IS WELL UNDERWAY WITH STRONG PERFORMANCE IN ALL THREE FOCUS AREAS Maximise the value of the 100% GLL following AGL acquisition foundation asset ATP 529P New resource assessment Demonstrate commercial gas flow, book 1 Govt.
Slide 5: Galilee Energy global operations
Galilee Energy global operations For personal use only GALILEE HAS ASSEMBLED A GLOBAL PORTFOLIO OF DIVERSIFIED EXPLORATION AND DEVELOPMENT ASSETS 1 Maximise the value of 2 Build a strong the foundation asset production base Demonstrate Invest and develop commercial gas flow, USA onshore to book rese
Slide 6: East coast gas market is structurally short
East coast gas market is structurally short For personal use only EAST COAST GAS IS IN LIMITED SUPPLY – NEW GAS SUPPLY VITAL TO MEET SURGING DEMAND Demand for QLD gas supply will more than triple with GLNG, APLNG and QCLNG online Gas supply market is structurally short – supply needed to service
Slide 7: Unlocking the Galilee Basin
Unlocking the Galilee Basin For personal use only SUCCESSFUL DEMONSTATION OF COMMERCIAL FLOWS MAY UNLOCK THE FUTURE OF THIS PROJECT Ingredients in place to become a key supplier to the Location of ATP 529P (Galilee Basin) structurally short east coast gas market Very large uncontracted resource
Slide 8: 2015 MHA Resource Assessment
For personal use only 2015 MHA Resource Assessment 2,508PJ OF 2C CONTINGENT RESOURCES HIGHLIGHT THE LARGE SCALE PRODUCTION POTENTIAL OF ATP 529P* 2015 MHA Resource Assessment overview ATP 529P estimated resources (PJ) 2015 MHA Resource Assessment significantly +387% 5,314 upgraded the ATP 529P con
Slide 9: Exploration history of ATP 529P
Exploration history of ATP 529P For personal use only SUPERIOR GEOLOGICAL UNDERSTANDING BUILT ON COMPREHENSIVE HISTORIC DATABASE Significant historic exploration activity ATP 529P project map – Commenced in 1992 Historic works provided an excellent geological database across the entire permit –
Slide 10: CSG properties of Betts Creek
CSG properties of Betts Creek For personal use only BETTS CREEK COAL EXHIBITS EXCELLENT CSG PROPERTIES Successful CSG projects require three key parameters: Betts Creek – Resource Concentration (thickness, gas content) ✓ R1 – Productivity (thickness, permeability) ✓ – Pressure drawdown in the coal
Slide 11: ATP 529P pilot performance
ATP 529P pilot performance For personal use only DESPITE LIMITED HISTORIC PERFORMANCE THERE WERE SIGNS OF COMMERCIAL PRODUCTION POTENTIAL Demonstrating commercial flow is the final element to Previous Glenaras pilot performance booking reserves Previous pilot well designs have failed to achieve
Slide 12: Pathway to commercial flow
Pathway to commercial flow For personal use only BETTS CREEK COAL SHOW Formation Image Log EXCELLENT PERMEABILITY New completion design formulated to suit the geological setting Key is accessing the coal and drawing down pressure in the coal and not the sand Coals have excellent master cleat d
Slide 13: Glenaras R1 seam pilot
Glenaras R1 seam pilot For personal use only THE R1 SEAM HAS NOT BEEN TESTED AND HAS THE POTENTIAL TO PROVE SIGNIFICANT RESERVES Galilee intend to re-complete the Glenaras wells to test the R1 seam – R1 is thickest seam, never completed in initial pilot testing Program is to isolate lower coals
Slide 14: Forward program at ATP 529P
Forward program at ATP 529P For personal use only ASSESSMENT OF R1 SEAM COMMERCIAL PRODUCTION POTENTIAL EXPECTED TO COMPLETE IN 1H 2016 Testing of the uppermost R1 coal seam is planned to commence early in Q4 2015 Cash expenditure will be prudently managed over the next 3 quarters with clear foc
Slide 15: A well funded growth story
A well funded growth story For personal use only GALILEE IS WELL FUNDED AND HAS THE EXPERIENCE TO EXECUTE ON OUR CLEAR STRATEGY ~A$16.0m* of cash and fully funded Strong Prudent deployment of cash Balance Sheet Major resource upgrade in Galilee Basin and now 100% ownership and Operator Glena
Slide 16: Disclaimer
Disclaimer For personal use only Competent Persons Statement & Listing Rule 5 Reporting on Oil & Gas Activities The estimate of Contingent Resources for the ATP 529 as appears on page 8 of this presentation, is based on, and fairly represents, information and supporting documentation determined by M