State Gas Ltd. · ASX:GAS
State Gas — Australian Energy & Minerals Investor Conference (March 2021)
9 slides from State Gas's conference presentation, Mar 17, 2021
Slide 1: Australian Energy & Minerals Investor Conference
Australian Energy & Minerals Investor Conference Richard Cottee Executive Chairman 17 March 2021 ASX:GAS
Slide 2: Disclaimer
Disclaimer Disclaimer Future Performance This presentation (Presentation) has been prepared by State Gas Limited (ACN 617 322 This Presentation contains certain “forward looking statements”. Forward-looking 488) (State Gas). The Presentation and information contained in it is being provided to state
Slide 3: CSG Fundamentals
CSG Fundamentals ➢ In Coal Seam Gas (CSG), coal is both the source and the trap ➢ With increasing depth, coal permeability generally decreases (the coal becomes tighter) whilst gas content (saturation) increases • shallower coal → easier for gas to escape from its cleats but there is less gas ➢ Rece
Slide 4: State Gas Project Areas
State Gas Project Areas PL 231 ➢ 181 km2, 100% owned ➢ Reid’s Dome Beds CSG + Conventional gas ➢ Simple path to commercialization ➢ Freehold grazing land, no native title ATP 2062 (granted in Oct. 2020) ➢ 1413 km2, 100% owned ➢ Bandanna CSG + Conventional gas ➢ Option for conversion to PL after disc
Slide 5: Reid's Dome Beds CSG (PL 231)
Reid’s Dome Beds CSG (PL 231) Key Facts ➢ Numerous stacked coals over 800+ metre section ➢ Reid’s Dome Beds coal measures are correlative from north to south throughout PL 231 ➢ Doubly plunging anticline with natural fractures and enhanced permeability in the coals ➢ Mature coal with high gas satura
Slide 6: Reid's Dome (PL 231) Results so far
Reid’s Dome (PL 231) Results so far Achieved ➢ CSG confirmed to extend from south (Nyanda) to north (Aldinga) of PL231 ➢ Producibility of Nyanda area confirmed (Nyanda 4, 7 & 8) ➢ Confirmed successful well construction techniques ➢ Conventional gas confirmed in north (Primero West 1 & Aldinga East 1
Slide 7: Latest Gas Flow Rates highly encouraging
Latest Gas Flow Rates highly encouraging Nyanda-4; Normalised Production 3 Nyanda wells are currently on production test 700 Period # 1 gas ➢ Latest production over prior 24 hours (to 6am 16 600 March 2021): Period # 2 gas Period # 3 gas ─ Nyanda 4 producing 620,000 cubic ft per day – a 500 Gas flow
Slide 8: ATP 2062 Rolleston-West
ATP 2062 Rolleston-West ➢ Contiguous with Reid’s Dome – synergistic development ➢ Proposed Rougemont wells are into known Bandanna coals, with analogues under development/production to north and south- east of ATP 2062 ➢ Target coals are: • between 350m and 600m (depths suggest good gas content) • o
Slide 9: Contact
Contact Level 8 46 Edward Street Brisbane QLD 4000 Australia Email info@stategas.com stategas.com
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