Metgasco Ltd · ASX:MEL

Metgasco — Good Oil Conference 2007

14 slides from Metgasco's conference presentation, Sep 10, 2007

  1. Slide 1: Developing Gas Reserves in New South Wales

    For personal use only Developing Gas Reserves in New South Wales Good Oil Conference : September 2007

  2. Slide 2: Disclaimer

    Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with the oil and gas business. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables an

  3. Slide 3: Company Overview

    Company Overview For personal use only ƒ Exploration, appraisal and commercial development of coal seam gas (CSG) and conventional oil and gas. ƒ Technical focus on Clarence Moreton Basin in NSW. - Large acreage position of in excess of 6,000² km - Emerging significant Reserves 1,156 PJ (3P) 113 PJ(

  4. Slide 4: Company Overview

    Company Overview For personal use only Listed December 2004 ƒ Dr Peter Power – Non Executive Chairman Former Managing Director of Ampolex. Past President of ASX Code MEL Australian Geoscience Council. Past Chairman of Share price (5/9/2007): $0.83 APPEA. Market cap: $100 million Shares on issue: 121

  5. Slide 5: Exploration

    Exploration For personal use only ƒ Focus on the NSW Clarence Moreton basin, one of the most unexplored petroleum basins on the east coast of Australia ƒ Triassic - Jurassic – Cretaceous basin - Coal Seam Gas (“CSG”) potential - Conventional oil & gas potential ƒ Large land position of 6,000km2 - PE

  6. Slide 6: Reserve Development - Stratheden Joint Venture

    Reserve Development - Stratheden Joint Venture For personal use only ƒ In Dec 2006, CS Energy entered into farm-in deal with Metgasco covering CSG rights to Blocks 4,5 & 1 of PEL 16 (approx 27%). ƒ $11 M to earn an initial 15% interest in farm-in area with core drilling a pilot horizontal drilling p

  7. Slide 7: Reserve Development - Stratheden Joint Venture

    Reserve Development - Stratheden Joint Venture For personal use only ƒ Core drilling program now completed - Have drilled 8,000m since February, 405 coal samples for testing - Initial MHA reserve certification of 113 PJ (2P) - Field Development and associated studies well underway ƒ Pipeline studies

  8. Slide 8: Reserve Development - Richmond Valley Power Station

    Reserve Development - Richmond Valley Power Station For personal use only ƒ 30MW gas fired power station located at Casino. ƒ Requires 2.5PJ/a over 15 years ƒ Have drilled 4,500m since February, 195 coal samples for testing ƒ Field development studies largely complete ƒ EA now completed and to be lo

  9. Slide 9: Trial Production Program

    Trial Production Program For personal use only ƒ MEL – Vectra Alliance announced September 5th 2007 ƒ Program to demonstrate 1P reserve conversion mechanism ƒ Vectra a private US company and well established Arkoma Basin producer ƒ Since 2003 have drilled and completed in excess of 250 SIS CBM wells

  10. Slide 10: Trial Production Program

    Trial Production Program For personal use only ƒ Metgasco Ensign Alliance ƒ Provision of ADR 100 on head lease, long term option basis ƒ Identical to rigs being used in Arkoma Basin ƒ Suitable for single leg lateral drilling, also has air drilling capability, conventional capability (~1400m) ƒ Allow

  11. Slide 11: Trial Production Program

    Trial Production Program For personal use only ƒ Rig now out of Panama Canal ƒ Expected Port of Brisbane in 2-3 weeks, commence trial production program in October 11

  12. Slide 12: Eastern Australian gas markets are rapidly evolving

    Eastern Australian gas markets are rapidly evolving For personal use only ƒ Demand for “clean gas” is increasing. ƒ Traditional sources of gas supply are in decline ƒ New sources of gas are rapidly emerging ƒ Gas markets are becoming more connected ƒ National Gas Code – a new regulatory regime ƒ Eme

  13. Slide 13: Metgasco is close to fast growing markets

    Metgasco is close to fast growing markets For personal use only ƒ SE Qld and NE NSW are Australia’s fastest growing regions. - Power demand forecast to grow by 260 MW pa - No pipeline/reticulated gas in northern NSW ƒ Metgasco is in NSW, the State with a critical need for new gas supplies ƒ Metgasco

  14. Slide 14: In Summary…

    In Summary… For personal use only 9 A fundamental structural shift in the eastern australian energy market is underway. 9 Access to energy resources is key. 9 Metgasco holds the largest certified gas reserves in NSW. 9 Substantial reserve upgrade program underway. 9 Well defined gas commercialisatio

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