Galilee Energy Limited · ASX:GLL
Galilee Energy — Reach Markets Meet the CEOs (August 2020)
17 slides from Galilee Energy's conference presentation, Aug 26, 2020
Slide 1: Transformational Energy Supply for East Coast Markets
Transformational Energy Supply for East Coast Markets August 2020 ASX: GLL
Slide 2: Galilee at a glance
Galilee at a glance Directors Corporate Information Share Price 1.00 0.80 Ray Shorrocks Non-Executive 0.60 Chairman Share Price A$0.55 0.40 0.20 Peter Lansom No of Shares 271M 0.00 2020 Managing Director Market Cap A$149M Project Portfolio Dr. David King Non-Executive Director Cash A$22M Debt No Deb
Slide 3: Key Investment Themes
Key Investment Themes Major Gas Well Market Demand Significant Low Cost Resource Capitalised For Gas Upside Development Material Galilee is well Market likely Galilee has an Staged Contingent funded to to move from extensive development Gas Resource convert being over portfolio of at Glenaras in the
Slide 4: Australian East Coast Dynamics
Australian East Coast Dynamics Structurally short gas market - tightening supply • East coast gas market was requiring new gas developments transformed with the advent of the three LNG projects in Queensland • Convergence between domestic gas prices and LNG export prices. • Production from existing
Slide 5: Glenaras Gas Project - The Asset
Glenaras Gas Project - The Asset • Over $90 million spent to date. • Clearly defined resource – twenty exploration wells, 700km of seismic & two multi well pilots. • Existing assets - large $6M water storage facility (450 ML) & production gathering & flare. • Expenditure has advanced the Project to
Slide 6: Glenaras Gas Project – Land & Water
Glenaras Gas Project – Land & Water • Flat, open grazing country with large scale holdings of 50,000+ acres. • Expected low field development costs: - Gas composition is sales spec with no processing required. - Low salinity water - minimal treatment cost. • Strong stakeholder relationships: - Less
Slide 7: Glenaras Gas Project – CSG Properties
Glenaras Gas Project – CSG Properties Depth Successful CSG projects require 900m – 1000m three key parameters R1 Net Coal Coal 19m 1 Resource concentration (thickness, gas Gas Content Permeability Barrier Water bearing content) units 5.3m3/t 2 Productivity (thickness, permeability) Permeability R2 R
Slide 8: Glenaras Gas Project - Enhanced Pilot
Glenaras Gas Project High productivity and pressure – Enhanced Pilot drawdown – a strong indicator for robust field economics • Pilot continuing to produce strongly, achieving a significant pressure sink in the Pilot area – c 85% toward critical desorption. • Glenaras 17A well provided breakthrough
Slide 9: Upcoming appraisal programme
Upcoming appraisal New perimeter vertical well locations programme • Five new vertical wells will be drilled around the existing pilot and completed over the full Betts Creek section. • These new wells, plus Glenaras 17A, will provide perimeter shielding and accelerate pressure depletion and commerc
Slide 10: Future Exploration Potential
Future Exploration Exploration Potential Areas Glenaras Pilot Area • Important to appreciate the scale of the permit area, over 80 km N-S and 70km E-W. • The majority of the permit area has Contingent Resources coverage. 16+ Muttaburra 2 Petroleum Lease applications, depicted on the Mount Myth 1 lef
Slide 11: Surat Basin – Kumbarilla Gas Project
Surat Basin – Kumbarilla Gas Project • 384km2 of high-value exploration acreage targeting both coal seam gas and conventional oil. • Close proximity to top tier production assets. • Existing pipeline tie-ins less than 10km. • The nearby Ironbark CSG field - purchased by APLNG in 2019 for $231 millio
Slide 12: Bowen Basin – Springsure Gas Project
Bowen Basin – Springsure Gas Project • 1,425km2 of high-quality exploration acreage - Denison Trough region: • Multiple coal seam gas and stacked conventional gas targets; • Excellent location with short- range tie-in potential to both existing gas networks and future developments including: • Jemen
Slide 13: Summary
Summary Focus on high growth Experienced Structurally short east coast gas management team gas market Glenaras Pilot producing High quality people in place at East coast gas market strongly and remains the key board and management level tightening and short in supply focus. Now hold 100% equity with
Slide 14: Disclaimer
Disclaimer This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying
Slide 15: galilee-energy.com.au
REGISTERED OFFICE Level 6, 167 Eagle Street, Brisbane QLD 4000 GPO Box 1944 Brisbane QLD 4006 Phone: +61 7 3177 9970 Email: admin@galilee- energy.com.au galilee-energy.com.au 15
Slide 16: BACKUP SLIDES
~ BACKUP SLIDES v 16
Slide 17: Jemena MOU – Clear Path to Market
Jemena MOU – Clear Path to Market • Binding MOU to fast-track to market • Jemena have conducted various assessments of the pipeline route corridor. • Aerial surveys have been conducted • Formal lodgement of Voluntary EIS Application • Galilee are in discussion with a number of gas customers: - Domes
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