Metgasco Ltd · ASX:MEL
Metgasco — Shareholder Meeting (November 2011)
16 slides from Metgasco's shareholder meeting presentation, Nov 14, 2011
Slide 1: 2011 Annual General Meeting: Managing Director's Address
For personal use only 2011 Annual General Meeting Managing Director’s Address 14 November 2011
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco). No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information con
Slide 3: Exploration to development / production
Exploration to development / production For personal use only Excellent reserve position, with both conventional and CSG potential Excellent location relative to markets Gas market demand is strengthening Opportunity to add value to shareholders and the general community with gas sales Challenges: M
Slide 4: Health, safety and environment
Health, safety and environment For personal use only Employees: 2 years LTI free on October 26, 2011 Contractors: 1 year without an LTI on September 5 2011 No reportable environment incidents 4
Slide 5: Successful exploration - growing CSG reserves
Successful exploration - growing CSG reserves 1P 2P 3P For personal use only Petajoules 3000 Largest uncontracted gas volumes 2542 on the east coast of Australia 2500 2239 Maiden reserves achieved in PEL 13: 2000 1538 2P reserves – 31 PJ 1500 1389 1127 3P reserves – 302 PJ 1000 2C Contingent Resourc
Slide 6: LNG study - Worley Parsons
LNG study - Worley Parsons For personal use only Potential gas resources well in excess of regional demand Worley Parsons study initiated Standalone LNG export projects investigated for three sites: Gladstone Brisbane Offshore (floating facilities) NSW All options economically feasible Potential to
Slide 7: Multiple development pathways – gas, power, LNG
Multiple development pathways – gas, power, LNG For personal use only 700 1x 3.5 Mtpa NSW Electricity LNG Plant Market with 600 Carbon price or direct action Distance to Market (Km) 500 policy Power 400 Brisbane 300 Gas Load Mini200 LNG Nth NSW 100 Electricity ad NRPS RVPS 0 Export LNG 0 100 200 300
Slide 8: CSG trial production - Richmond seam
CSG trial production - Richmond seam For personal use only Corella P11 – single lateral on production test for over three years Corella P18 and Harrier P01: improved drilling and completion techniques Harrier P01 results exceeding expectations 8
Slide 9: Largest conventional prospect to be drilled mid 2012
Largest conventional prospect to be drilled mid 2012 For personal use only Interpretation and mapping of seismic surveys: 8 prospects and leads across the three permits An estimate of the Original Gas In Place for each prospect and lead has been determined Permit OGIP Pmean (Bcf) PEL 16 1530 PEL 13
Slide 10: 2010 / 2011 achievements - other
2010 / 2011 achievements - other In principle agreement (MOU) with dairy for gas sales For personal use only Environmental submission for Lions Way Pipeline PEL 426 coal seam wells Regional G&G studies 10
Slide 11: Strong reserve position
Strong reserve position Australian Coal Seam Gas Reserves For personal use only (Petajoules) 100% ownership of gas reserves Company 3P 2P QGC (BG) 14,261 7,245 Largest uncontracted reserve Origin 7,268 5,122 position in the CSG sector Conoco Phillips 6,265 5,004 Arrow Santos $A520m 5,171 3,348 Reser
Slide 12: Share price performance
Share price performance For personal use only All Ords (XAO), vs MEL 120 100 80 Index Return 60 40 20 0 09-Nov-10 09-Dec-10 08-Jan-11 07-Feb-11 09-Mar-11 08-Apr-11 08-May-11 07-Jun-11 07-Jul-11 06-Aug-11 05-Sep-11 05-Oct-11 04-Nov-11 XAO MEL Compared with All Ordinaries 12
Slide 13: NSW gas development is important
NSW gas development is important Environment For personal use only Gas is the cleanest fossil fuel Gas fired power generation is the lowest cost means to reduce GHG emissions Gas fired power generation complements renewables – solar and wind NSW gas supply Limited conventional gas supplies Already h
Slide 14: CSG – a government's perspective
CSG – a governments perspective For personal use only State Government’s response to the NSW Parliamentary Inquiry into CSG “Increased use of natural gas, including CSG, to meet an increasing proportion of future energy needs is a key component of the strategy to restart economic growth in NSW.” Pri
Slide 15: Community consultation / participation
Community consultation / participation Key Messages For personal use only CSG is a clean fossil fuel Production techniques are proven and safe for the environment Farmers and industry can co-exist Sustainable, local economic development Approach: Direct contact with the northern rivers community tho
Slide 16: Looking forward: exploration to production
Looking forward : exploration to production For personal use only Heightened demand for gas Domestic customers currently seeking to lock in large gas volumes Gladstone LNG projects require additional gas to meet export commitments Potential for stand-alone LNG project Metgasco is the last remaining