Comet Ridge Ltd · ASX:COI
Comet Ridge — Gold Coast Investment Showcase 2024
16 slides from Comet Ridge's conference presentation, Jun 19, 2024
Slide 1: Gold Coast Investment Showcase presentation
For personal use only Noosa Mining Conference Presentation by: Tor McCaul, Managing Director Gold Coast Investment Showcase Presentation by Tor McCaul, Managing Director 19 June 2024 10 November 2022
Slide 2: Important notice and disclaimer
COMET RIDGE | A compelling east coast gas play Important notice and disclaimer For personal use only Disclaimer Future performance This presentation (Presentation) has been prepared by Comet Ridge Limited (ABN 47 106 092 577) (Comet This Presentation contains certain “forward-looking statements”. Fo
Slide 3: Mahalo Gas Hub: large gas development close to pipelines
COMET RIDGE | A compelling east coast gas play For personal use only Mahalo Gas Hub: Large gas development close to QGP (domestic) and GLNG (export) pipelines Page 3
Slide 4: Federal Government Intervention: pressure building on east coast gas market
COMET RIDGE | A compelling east coast gas play Federal Government Intervention Pressure building on east coast gas market Investment killing Gas Code of Conduct in Dec 2022, ❖ Investment slowed significantly during softened in mid 2023 to… uncertainty created by market intervention For personal use
Slide 5: Mahalo Gas Hub: Material Certified Gas Reserves and Resources
COMET RIDGE | A compelling east coast gas play Mahalo Gas Hub: Material Certified Gas Reserves and Resources Net 2P + 2C of 406 PJ; 3P + 3C of 827 PJ Net For personal use only Mahalo Gas Hub COI Net Reserves* Contingent Area permits interest (PJ) Resources* (PJ) km2 % 2P 3P 2C 3C Mahalo JV project (
Slide 6: Focused on Mahalo Gas Hub Development
COMET RIDGE | A compelling east coast gas play Focused on Mahalo Gas Hub Development Prioritising the development of Mahalo JV Project and Mahalo North for supply to the east coast gas market For personal use only Mahalo JV Project Mahalo North Ownership • Comet Ridge 57.14%; Santos 42.86% • Comet R
Slide 7: Extensive geological dataset - defining Reserves and Contingent Resources
COMET RIDGE | A compelling east coast gas play Extensive geological dataset - defining Reserves and Contingent Resources LEGEND For personal use only PLA 1132 Production Test CSG Well – gas content, isotherm, Vromax, many with perm ATP 2061 Coalbore – perm test PLA 1128 Coalbore – gas content Coalbo
Slide 8: Mahalo Gas Hub: key qualities
COMET RIDGE | A compelling east coast gas play Mahalo Gas Hub: key qualities Mahalo area progressing to be a major east coast hub – proven gas rates close to infrastructure in the east coast market For personal use only • High productivity shallow reservoir - lower capex and lower cost gas • Proven
Slide 9: Mahalo JV Gas Project: Comet Ridge and Santos
COMET RIDGE | A compelling east coast gas play Mahalo JV Gas Project: Comet Ridge and Santos For personal use only Simplified JV structure Extensively appraised Progressing gas project infrastructure solutions • Material equity positions for each • High productivity fairway confirmed in • Progressin
Slide 10: Mahalo North: Government approvals progressing
COMET RIDGE | A compelling east coast gas play Mahalo North: Government approvals progressing • Petroleum Lease Applications (PLAs), which are development applications, were submitted to the Queensland Department For personal use only of Resources (DOR) in October 2023 and April 2024 • This secures
Slide 11: Recent Queensland Government funding and new block award
COMET RIDGE | A compelling east coast gas play Recent Queensland Government funding and new block award These new funding and block awards highlight the importance of Mahalo Gas Hub to Queensland’s future gas supply mix For personal use only Mahalo East Mahalo Far East Extension • Comet Ridge has be
Slide 12: Pipeline connection: critical path for gas production
COMET RIDGE | A compelling east coast gas play Pipeline connection: critical path for gas production • Jemena has completed a pre-FEED study to build, own and For personal use only operate ~80km pipeline connection from Mahalo North (COI 100%) to Jemena’s Queensland Gas Pipeline (QGP) • One large ga
Slide 13: Comet Ridge: key messages
COMET RIDGE | A compelling east coast gas play Comet Ridge: key messages For personal use only The role of natural gas in East coast energy market Comet Ridge Mahalo Gas Status of approvals and Australia is strained Hub, east of Gladstone development funding Page 13 * BOO: Build, own and operate
Slide 14: Corporate overview
COMET RIDGE | A compelling east coast gas play Corporate overview Share price Market capitalisation COI Share Price and Volume - last 12 months $0.20 $222m $0.25 10.0m For personal use only $0.20 8.0m 18 June 2024 Shares on issue Warrants 1,108m 62.1m* $0.15 6.0m + 4.0m performance rights Avg. exerc
Slide 15: Appendices
For personal use only Appendices
Slide 16: Competent Person Statement
COMET RIDGE | A compelling east coast gas play Competent Person Statement Competent Person Statement and ASX Listing Rules Chapter 5 - Reporting on Oil and Gas Activities The estimate of Reserves and Contingent Resources for the Mahalo Gas Project provided in this Presentation, The Contingent Resour