Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Investor Presentation (October 2009)
18 slides from Red Sky Energy's investor presentation, Oct 21, 2009
Slide 1: ASX Announcement: Investor Presentation
For personal use only ABN 94 099 116 275 Telephone +61 8 9486 1122 P O Box 1779, West Perth WA 6872 Facsimile +61 8 9486 1011 Suite 2, 16 Ord Street, West Perth, WA 6005 www.redskyenergy.com.au Date 21st October 2009 ASX Announcement INVESTOR PRESENTATION Red Sky Energy Ltd is pleased to attach a co
Slide 2: Red Sky Energy – Investor Presentation
For personal use only Red Sky Energy – Investor Presentation Rohan Gillespie, Managing Director October 2009
Slide 3: Red Sky Energy
Red Sky Energy For personal use only • Positioning to become a major coal seam gas company • Building portfolio of acreage attractive to major LNG players • Well advanced to achieve this • Valuation comparatives indicate market cap in range $50m to $150m
Slide 4: World class management team
Red Sky Energy For personal use only • World class management team in place • Managing Director is Rohan Gillespie – As Vice President and Chief Operating p g Officer at BHP Billiton built a substantive coal seam gas business • Non Executive Chairman is Gerrit de Nys – built businesses worth in exce
Slide 5: Near term work program
Red Sky Energy For personal use only • Near term work program • Fully funded • First core hole in ATP 840 • Landowner consents being sought • Drillingg contractor bids shortlisted • Spud expected in November
Slide 6: Capital structure
Capital structure For personal use only ROG.AX Shares (m) Listed Options Unlisted (m) Options (m) Post Cydonia Resources 686 298 212 acquisition and $4m capital ($25m market cap raise at 3.7cents/share) Norwest Hydrocarbons d b 80 acquisition Surat Resources acquisition 80 200 TOTAL POST SHAREHOLDER
Slide 7: Queensland
Exploration portfolio to date... For personal use only Queensland Right to earn 100% in two permits; ATP 840 and 904 In heart of Surat Basin, close to BG, Origin/Conoco, Arrow, et al ATP 840 – initial core hole to earn 50%, further 100km 2D seismic and core hole to earn 100% of non conventional righ
Slide 8: Surat Basin prospectivity of Cretaceous coal measures
Exploration portfolio to date... For personal use only • There is strong evidence of prospectivity for the Cretaceous coal measures in the Surat Basin • The cretaceous coals lie within the Bungil Formation, which shows laterally extensive on the regional seismic • The Bungil Formation is estimated t
Slide 9: New South Wales permits
Exploration portfolio to date... For personal use only Norwest New South Hydrocarbons: 7 permits Wales Acquired 100% of nineteen permits and applications pp totaling approx 175,000km2 Represents about one fifth the area of NSW Cydonia Resources: Evidence of 6 permits Surat Resources: prospectivity f
Slide 10: Surat Basin (NSW)
Exploration portfolio to date... For personal use only Surat Basin Cretaceous coals in Queensland extend into NSW Evidence from ESG’s recent Kurrabooma – 1 well in nearby PEL 428 intersecting 4 metres of coal Concentration of water bores showing gas and intersecting coal Large contiguous area of 53,
Slide 11: Darling Basin
Exploration portfolio to date... For personal use only Darling Basin 100% of three permits totaling approx 20,000km2 Three possible play types: •shallow shallow coals in the north •basin centered gas potential over troughs •Murray Basin coals in the south Permits e ts e expire p e in April p 2010. 0
Slide 12: Northern Territory
Exploration portfolio to date... For personal use only Northern Territory Right to earn 10% across 29 permits totaling 270,000km2 Comprises Pedirka, Simpson, Amadeus, Wiso and Southern Georgina g Basins CSG, oil and tight gas potential Option to participate on a permit by permit basis
Slide 13: Pedirka Basin
Exploration portfolio to date... For personal use only Pedirka Basin Recent well intersected 140 metres of net coal Estimated in excess of trillion tonnes of coal Potential gas-in-place 7tcf (Red Sky’s 10% share)
Slide 14: Portfolio Summary
Exploration portfolio to date... For personal use only Portfolio Summary Basin Permits Area Play Type Potential Ownership (km2) Gas‐in‐Place Interest (tcf) Surat (Qld) ATP 840, 904 1700 CSG, 8 Right to Basin earning 100% Centered Gas Surat (NSW) PEL 465, 466, 467 53,000 CSG 60 100% PELA 123, 124, 12
Slide 15: Board of Directors
Red Sky Energy team For personal use only Board of Directors • Rohan Gillespie: Managing Director. As Vice President and Chief Operating Office, Rohan created and led BHP Billiton’s CSG business until sold to AGL. Since forming his own company in 2006, Rohan has advised several major corporations on
Slide 16: Positioning
Positioning Red Sky Energy For personal use only • Red Sky Energy is being positioned to be attractive to major oil/gas companies • Its key selling features are: – Materiality: target portfolio with potential 100tcf gas‐in‐place – Diversity: portfolio of large acreage holdings across a number of bas
Slide 17: Valuation comparatives
Valuation comparatives For personal use only Consider pre discovery stage (i.e. acreage + management) $800m • Companies assessed: Icon Energy, Westside Corp, Blue Energy, Pure Energy, Bow Energy, Central Petroleum • Timing 2007 • Range g of market caps p pre p discovery;y $14m to $44m with average g
Slide 18: Disclaimer
Disclaimer For personal use only The information presented herein contains predictions, estimates and other forward looking statements that are subject to risk factors that are associated with the oil and gas business. Certain information in this presentation has been derived from third parties and,
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