Galilee Energy Limited · ASX:GLL
Galilee Energy — PESA Symposium 2010
23 slides from Galilee Energy's conference presentation, Sep 9, 2010
Slide 1: PESA Presentation - ASX Announcement
ASX ANNOUNCEMENT 9 SEPTEMBER 2010 For personal use only GALILEE ENERGY LIMITED PESA PRESENTATION The enclosed presentation on ATP 529P was delivered at the PESA Symposium 2010 by Andrew Parker, Principal Geologist, AGL Energy Limited. For further information contact: Sam Aarons Manager, Business Dev
Slide 2: Galilee Basin CSG Exploration
PESA Symposium 2010 For personal use only Galilee Basin CSG Exploration 6th September 2010 Andrew Parker – Principal Geologist PESA Symposium 2010
Slide 3: Galilee Basin Location
2 Galilee Basin Location For personal use only • Galilee Basin is located between the Bowen, Cooper and Georgina Basins • Uncomformably overlain by the Eromanga Basin for most part • Minimal existing infrastructure »Galilee CSG Exploration »PESA Symposium 2010
Slide 4: Previous CSG Exploration
3 Previous CSG Exploration For personal use only • During the early 1990’s Enron as holders of ATP529P drilled several coreholes with the best results located at Rodney Creek and Crossmore • 40% to 50% saturation with pipeline quality gas composition • Thick coal intervals up to 35m net with good to
Slide 5: Previous Exploration
4 Previous Exploration For personal use only • Rodney Creek 8 gas Gas Content DAF Vs Depth contents much 9.00 higher than Rodney Creek 8 8.00 previously found 7.00 • Difference from 6.00 Previous Rodney Gas Content (m3/t) Creek wells thought 5.00 to be due to testing 4.00 methodology on 3.00 older w
Slide 6: AGL Farm In
5 AGL Farm In For personal use only • In July 2008 AGL entered into a Farm In agreement with Galilee Energy for 50% of ATP529P • The Farm In is in two stages • Stage 1: • Drill and complete a production pilot • Construct water holding facilities and production test wells • Stage 2 • Drill 7 corehole
Slide 7: AGL/Galilee Energy Exploration Program
6 AGL/Galilee Energy Exploration Program For personal use only • Stage 1: • Production pilot drilled and completed – 2 under-ream and 3 fraced wells • 380 ML produced water holding pond constructed • Wells placed on pump, though currently shut in due to pump issues • New pumps to be installed over t
Slide 8: Well and Seismic Locations
7 Well and Seismic Locations For personal use only • Exploration program designed to appraise all ATP529P • Corehole program has targeted several different types of play • Glenaras step out wells to assist in field delineation • Thick preserved Triassic cover for higher gas saturations • Thick Permi
Slide 9: Galilee Gold Rush
8 Galilee Gold Rush For personal use only • At time of AGL Farm In minimal exploration was underway • Majority of basin was not covered by tenure • Acreage release by QLD DME in August 2008 combined with AGL Farm In renewed exploration interest • Currently most of basin covered by tenure • CSG well
Slide 10: Recent Acreage and Drilling
9 Recent Acreage and Drilling For personal use only »Galilee CSG Exploration »PESA Symposium 2010
Slide 11: AGL/Galilee Energy Results
10 AGL/Galilee Energy Results For personal use only • Crossmore South and Vera Park 1 identified similar coal packages and gas contents as Rodney Creek 8 • Acacia 1 and Mt Myth 1 were drilled in areas where thick Triassic cover was preserved • Initial gas content results suggest values lower than Gl
Slide 12: AGL/Galilee Energy Results
11 AGL/Galilee Energy Results For personal use only • Wells targeting thick coal package yielded positive results • Laugharne Creek 1 targeted a thick Permian section approximately 180ms thick compared to an average of 100ms at Glenaras • Multiple clean seams encountered over a 340m interval • Arama
Slide 13: Glenaras Step Out
12 Glenaras Step Out For personal use only Crossmore South 1 Rodney Creek 8 Vera Park 1 Note: Section flattened to top of Permian »Galilee CSG Exploration »PESA Symposium 2010 Gamma, Density
Slide 14: Thick Triassic Cover
13 Thick Triassic Cover Acacia 1 Mt Myth 1 For personal use only Cadna-Owie Top (Purple) Hutton Sandstone Base (Pink) R1 Coal Seam (Blue) »Galilee CSG Exploration »PESA Symposium 2010
Slide 15: Thickened Permian Section Laugharne Creek 1
14 Thickened Permian Section Laugharne Creek1 Cadna- For personal use only Owie Top (Purple) Hutton Sandstone Base (Pink) R1 Coal Seam (Blue) Expanded Permian Section »Galilee CSG Exploration »PESA Symposium 2010
Slide 16: Gas Content Trends
15 Gas Content Trends For personal use only • Gas content for the Galilee Basin is generally low • Previous results range from <1m3/t at Splitters Creek up to >7m3/t at Rodney Creek 8 giving saturations of 52% to 67% at Rodney Creek 8 • Rodney Creek 8 has the highest gas contents and saturations ide
Slide 17: Gas Content vs Depth
16 Gas Content vs Depth Gas Content DAF Vs Depth For personal use only 9.00 8.00 7.00 6.00 Gas Content (m3/t) 5.00 4.00 3.00 2.00 1.00 0.00 800 900 1000 1100 1200 1300 1400 1500 Depth (m) RC08 RC01 RC02 CM01 FL01 AF01 SC01 »Galilee CSG Exploration »PESA Symposium 2010
Slide 18: Gas Content vs Depth - By Location
17 Gas Content vs Depth – By Location Gas Content DAF Vs Depth For personal use only Western 9.00 Side of Koburra 8.00 Trough 7.00 (ATP529P) 6.00 Gas Content (m3/t) 5.00 4.00 3.00 Eastern Side of 2.00 Koburra 1.00 Trough 0.00 800 900 1000 1100 1200 1300 1400 1500 Depth (m) RC08 RC01 RC02 CM01 FL01 A
Slide 19: Gas Content Variation
18 Gas Content Variation For personal use only • Possible causes in variation… • Gas stripped from coal due to meteroic water flushing of seams? • Higher heatflow associated with granite emplacement in the Maneroo Platform locally raising temperature increasing gas generation? • However.. • Gas comp
Slide 20: Shale Gas Observations
19 Shale Gas Observations For personal use only • The Toolebuc Fm is found throughout the Eromanga Basin with ATP529P being no exception • All wells drilled to date have encountered the Toolebuc Fm except one • Glenaras 4 drilled in late 2008 transitioned from Allaru Mudstone into Wallumbilla Fm, To
Slide 21: Sardine - Line and Glenaras
20 Sardine 09 – Line 7 and Glenaras 4 For personal use only Wallumbilla Top (Red) Cadna-Owie Top (Purple) Hutton Sandstone Base (Pink) Toolebuc not encountered »Galilee CSG Exploration »PESA Symposium 2010 Gamma, Calliper, Density, Sonic
Slide 22: Shale Gas Observations
21 Shale Gas Observations For personal use only • Initially thought to be an issue with the acquisition or processing of the seismic, till the absence of the Toolebuc Fm in Glenaras 4 was applied • While faulting of this nature would not be a reason shale gas production may not succeed, any developm
Slide 23: So what does this mean for ATP529P
22 So what does this mean for ATP529P For personal use only • Historical testing appears to have underestimated gas contents • Gas thermogenically generated • Southern portion of permit is more prospective than northern portion • AGL and Galilee Energy are encouraged with results to date • Further w