Galilee Energy Limited · ASX:GLL
Galilee Energy — Shareholder Meeting (November 2019)
14 slides from Galilee Energy's shareholder meeting presentation, Nov 28, 2019
Slide 1: Annual General Meeting 2019 Managing Director's Presentation
For personal use only Annual General Meeting 2019 Managing Director’s Presentation ASX: GLL 28 November 2019 ASX: GLL 1
Slide 2: Company Snapshot
For personal use only Company Snapshot Directors Corporate Information Share Price 1.20 Ray Shorrocks Non-Executive 0.80 Chairman Share Price A$0.86 0.40 Peter Lansom No of Shares 239M 0.20 2019 Managing Director Market Cap A$205M Dr. David King Project Portfolio Non-Executive Director Cash A$11M De
Slide 3: A year of achievements
A year of achievements For personal use only • Drilled three wells at Glenaras safely and within budget with the pilot on production and producing strongly. • Expanded the asset portfolio to three basins with successful tender awards in both the Surat and Bowen basins. • Management team bolstered, h
Slide 4: Key Investment Themes
For personal use only Key Investment Themes Major Gas Well Market Demand Significant Low Cost Resource Capitalised For Gas Upside Development Material Galilee is well Market Galilee has an Staged Contingent funded to structurally extensive development Gas Resource convert short and portfolio of gas
Slide 5: Glenaras Gas Project - The Asset
Glenaras Gas Project - The Asset For personal use only • 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 ad
Slide 6: Glenaras Gas Project - The Asset
Glenaras Gas Project - The Asset For personal use only • Flat, open grazing country with large scale holdings of 50,000+ acres. • Expected low field development costs: - Laterals have demonstrated high production rates per well. - Gas composition is sales spec with no processing required. - Low sali
Slide 7: Glenaras Gas Project – CSG Properties
For personal use only Glenaras Gas Project – CSG Properties Successful CSG Depth projects require three 900m – 1000m key parameters Net Coal Coal R1 19m Permeability 1 Resource concentration (thickness, gas content) Gas Content Barrier Water bearing units 5.3m3/t 2 Productivity (thickness, permeabil
Slide 8: Glenaras Gas Project – Enhanced Pilot
Glenaras Gas Project – Enhanced Pilot High productivity and pressure For personal use only • Three lateral well program delivered safely, on drawdown – a strong indicator time and within budget. New design has greatly for robust field economics improved well density and shielding. • Now have a well
Slide 9: Future Exploration
Future Exploration Exploration Potential For personal use only 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 Muttaburra 2 Mount Myth 1 Resources coverage. 16+ Petroleum Lease Acacia appl
Slide 10: Surat Basin – Kumbarilla Gas Project
Surat Basin – Kumbarilla Gas Project For personal use only • 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 i
Slide 11: Bowen Basin – Springsure Gas Project
Bowen Basin – Springsure Gas Project For personal use only • 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 developmen
Slide 12: Summary
For personal use only Summary Focus on high growth Experienced Structurally short gas east coast gas management team market Glenaras Pilot producing strongly and East coast gas market continues to High quality people in place at Board remain short in supply with strong remains the key focus. Now hav
Slide 13: 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 For personal use only the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and
Slide 14: Registered Office
For personal use only 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 14