Metgasco Ltd · ASX:MEL
Metgasco — Excellence in Upstream Energy Conference 2006
15 slides from Metgasco's conference presentation, Aug 1, 2006
Slide 1: Excellence in Upstream Energy Conference
METGASTCOnud ACN 088 196.383 Excellence in Upstream Energy Conference 31 July - 1 August 2006 oe
Slide 2: Introduction
INTRODUCTION > Australia is a gas rich continent >» North West Shelf - Timor Sea 128.6 Tcf > Bass-Otway 7.2 Tef » Surat-Cooper-Other 3.2 Tef > Qid CSG 12.9 Tef (3P) » NSWCSG > 1.0 Tcf (3P) > Australia Total 151.9 Tcf > PNG 25.0 Tef (3P) > “Available Gas” 186.9 Tcf (Source ABARE Oct 2008,0il Search}
Slide 3: Overview
OVERVIEW. > Metgasco (MEL) is a coal seam gas exploration and development company which listed on ASX in December 2004. > It has identified a substantial gas resource in northern New South Wales, on the doorstep one of the most significant markets in Australia which is also one of the fastest growin
Slide 4: Location of Activities
LOCATION OF ACTIVITIES >» MEL has a dominant position in the Clarence Moreton Basin near Casino/Lismore in northern NSW > 100% of PEL16 - 833 km2 > 75% of PEL13 (farm-in) - 1,654 km2 >» Net Acreage achieveable: 512,154 acres > Close to markets — (70km from Gold Coast) » Market gap — highest populati
Slide 5: Achievements Since Listing
ACHIEVEMENTS SINCE LISTING » Increased Gas In place Estimate from 1,000 Bcf to 4,800 Bcf >» Resulted in establishing largest Certified Gas Reserves in NSW > 1,080 BCF (Possible ~ 3P) > 21 BCF (Probable ~ 2P) » Achieved on slender capital outlays in just 14 months from listing » Nearing final design
Slide 6: Description of Activities: Coal Seam Gas
DESCRIPTION OF ACTIVITIES COAL SEAM GAS (CSG) » Core business activity; First mover advantage with CSG from Walloon Coal Measures > Largest Certified Gas Reserves in NSW >» 1,080 Bcf (Possible ~ 3P) » 21 Bcf (Probable — 2P) >» Well Optimisation Program Underway — Rates up to 100Mcf/d after 2 weeks p
Slide 7: Description of Activities: Conventional Oil and Gas
DESCRIPTION OF ACTIVITIES CONVENTIONAL OIL AND GAS > PEL 16 located in the Jurassic age Clarence Moreton Basin > One of the most under-explored basins in Australia » Potential for conventional oil and gas discoveries >» PEL straddles a mid basin high, a number of prospective leads identified >» Seis
Slide 8: Description of Activities: Richmond Valley Power Station
DESCRIPTION OF ACTIVITIES RICHMOND VALLEY POWER STATION » 30MW Gas fired power station and associated Casino Gas Field > To supply gas fired power to Casino, will improve reliability of supply in area » Located south of town of Casino NSW » Casino Gas Field delivering 3.3pJ/Annum » ~ Gas fired 2.5Mw
Slide 9: Description of Activities: Additional Market Opportunities
DESCRIPTION OF ACTIVITIES ADDITIONAL MARKET OPPORTUNITIES >» Regional Power Market » By 2010 it is estimated that about 650Mw of installed generation capacity will be required to service northern NSW (ACIL Tasman) >» Current demand load growth northem NSW- Gold Coast 50MW per annum » Local Gas Marke
Slide 10: 12 Month Objectives
12 - 18 MONTH OBJECTIVES >» Continue CSG Well productivity optimisation >» Develop 2P Reserves > 100Bcf > Conventional >» Complete seismic over leads identified » Drill at least one conventional well » Richmond Valley Power Station > Definitive cost estimate October 06 » All approvals December 06 »
Slide 11: Experienced Board and Management
EXPERIENCED BOARD AND MANAGEMENT Dr Peter Power — Chairman (Non-executive) Former Managing Director of Ampolex. Over 40 years experience. Foundation Head of Geology at WAIT (now Curtin University). Past President of Australian Geoscience Council. Past Chairman of APPEA. Director, Petsec. David Johns
Slide 12: Financial Snapshot
FINANCIAL SNAPSHOT Share Price (28 July 2006) $0.27 Market capitalisation at $0.27 $21 million Shares on issue! 79 million 12 month trading range 20 - 43 cents MEL - METGASCO LIMITED 27-Jul ASX Code MEL oO int ma Price (Dollars) Close = $0.275 1 os bus |. 1 i in val a o ul Aug Sep Oct Noy Dec Jan Fe
Slide 13: In Summary
IN SUMMARY 4 <8 MK aN Rapid development of gas reserves since IPO Largest certified gas reserves in NSW Well defined commercialisation strategy Next to fast growing energy markets — pipeline transportation cost advantage Experienced management and board “IN THE MARKET” MERGASCO:ta ALY U8 6 BCS
Slide 14: Contacts
CONTACTS David Johnson Managing Director T: 02 9923 9100 F: 02 9923 9199 E: david johnson@metgasco.com.au Glenda McLoughlin Chief Financial Officer T: 02 9923 9100 F: 02 9923 9199 E: glenda.mcloughlin@metgasco.com.au
Slide 15: Disclaimer
DISCLAIMER 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 and changes in underlyin
Metgasco — Excellence in Upstream Energy Conference 2006 on 6ix