Metgasco Ltd · ASX:MEL
Metgasco — RIU Good Oil and Gas Energy Conference 2025
17 slides from Metgasco's conference presentation, Sep 10, 2025
Slide 1: Two Gas Fields Producing into Undersupplied Eastern Australia Market
Cooper Eromanga Basin TWO GAS FIELDS PRODUCING INTO UNDERSUPPLIED EASTERN AUSTRALIA MARKET Odin Field via Odin-1 Vali Field on producing since Sept production via Vali-1 RIU Good Oil and Gas Energy Conference CY23 . Odin-2 online since February CY23 10 September 2025 October CY24
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco) which is current only at the date of this presentation. No representation, express or implied, is made as to the fairness, ac
Slide 3: About Metgasco
About Metgasco • Operations in onshore Cooper Eromanga -proven address with nearby infrastructure • Have discovered gas and producing since February 2023 • Gas sold under long term gas supply contracts to Engie and AGL • FY25 -Net production sales circa 0.2 Pje and sales revenue 2.3 Million** Gas Su
Slide 4: Since RIU presentation in 2023….
1 Since RIU presentation in 2023…. 57.6 51.26 45.25 48.1 30.5 1 2.5 Years of Vali Field Gas production Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 2 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 TJ 45.25 30.5 57.6 51.26 48.1 2 years of Odin Field Gas Production 2 Metgasco Odin & Vali Net Quarterly Odin-2 drill & Tie-in
Slide 5: ATP2021 Vali Gas Field - Producing for 2.5 years
ATP2021 Vali Gas Field- Producing for 2.5 years Appraisal by production supplying gas to AGL Overview and Current Status 3 Wells completed commenced supply in February 2023 from Patchawarra formation Gas processed and sold ex-Moomba Gas contracted to AGL to December 2026, with 1 year extension provi
Slide 6: Odin Gas Field - Producing for 2 years
Odin Gas Field- Producing for 2 years Appraisal by Production. Supplying Gas to Pelican Point Power Station , SA 2 completed wells, connected to Vali-Beckler pipeline Odin -1 brought online in September 2023, Odin-2 drilled in May 2024 and online in October 2024 Supplying gas to Pelican Point Power
Slide 7: Cooper Basin Expansion – Hub & Spoke Strategy
Cooper Basin Expansion – Hub & Spoke Strategy Hub and Spoke gas appraisal strategy to build production Odin-2 example of hub and spoke strategy. Staged revenue and shareholder value growth of gas production to develop Odin & Vali Cooper Basin generated $2.4M net sales revenue in FY24* and Production
Slide 8: Reserves
Reserves • 2P Gas Reserves of net 36.55 PJ* of gas in undersupplied East Coast market • Reserves increased by 45% through addition from Odin • > 30 PJ of gas reserves uncontracted which is connected to, or close by existing infrastructure • As at 30 June 2024 2P reserves increased from 4.3 MMboe to
Slide 9: Strong East Coast Gas Thematics
Strong East Coast Gas Thematics • ACCC Forecast Gas Shortage on East Coast(see graphs below) • AGL and Pelican Point Power have contracted gas sales to end 2026 • Metgasco not subject to the $12/gj price cap • Falling Supply from existing 2P Reserves … • … Leading to forecast shortfall to demand fro
Slide 10: Production Uplift Program Objectives
Production Uplift Program Objectives • Investigate /Remove scale in all Odin and Vali wells to improve gas flowrates & cashflow • Initiate/Improve Toolachee gas flow rates in all Vali wells Work Work program objective program Potential uplift from Odin & Vali Scale Odin 1 & 2 -determine extent of im
Slide 11: Production Uplift Program – Interim Results
Production Uplift Program – Interim Results* • Two Phase program due to high demand for contractors post basin flooding • First Phase program tool place in July/August partially complete - potential for further uplift • Work completed at the Odin Field, Vali work to be completed in Phase 2 in Septem
Slide 12: ATP2021 – Opportunity for Commercial Oil Discoveries
ATP2021 –Opportunity for Commercial Oil Discoveries Drill Ready Prospects and leads …up to 20 closures mapped in ATP2021 Highly prospective area for oil ~11 MMbbls of oil production at Dullingari Oil production from the Roseneath field to the south Oil recovery from well to east (Orientos-2 C&S), dr
Slide 13: Metgasco – Potential Share Price Catalysts
Metgasco – Potential Share Price Catalysts Exposure to east coast gas with existing supply, uncontracted gas, gas production hub in place, plus running room for exploration value accretion. Further gas production increase anticipated on completion of Phase 2 of the uplift program Uplift in Odin and
Slide 14: Reserve Notes & Glossary
Reserve Notes & Glossary The reserve volumes for Vali and Odin were independently certified by CDRI reference Metgasco ASX release 17 October 2024.The Vali and Odin gas reserves shown in this presentation were shown in Metgasco’s FY24 Annual Report (ASX release 17 October) and were calculated at end
Slide 15: Appendices Contact Info
Appendices Contact Info: Ken Aitken Metgasco Ltd ACN 088 196 383 Managing Director Level 3, 88 William Street Perth, WA 6000 + 61 8 9463 2463 +61 8 9463 2463 ken. aitken @metgasco.com.au info@metgasco.com.au www.metgasco.com.au
Slide 16: Corporate Snapshot (ASX:MEL)
Corporate Snapshot (ASX:MEL) Metgasco is a petroleum (oil and gas) exploration and production company, that is now a revenue generating gas producer through its Vali and Odin fields 2P Reserves by field (at 30 June 2024) located in the ATP2021 and PRL211 Licences in the Cooper Eromanga Basin Net Met
Slide 17: Southern Flank Location and Growth Opportunity
Southern Flank Location and Growth Opportunity Proven gas province between highly productive regions in SA and Queensland Lightly explored and developed region between Ballera gas plant (Queensland) and Dullingari satellite (South Australia) Connected to Moomba gas plant by ATP2021 JV pipeline and S
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