Metgasco Ltd · ASX:MEL
Metgasco — Non-Deal Roadshow (August 2011)
18 slides from Metgasco's roadshow presentation, Aug 31, 2011
Slide 1: Investor Update and Asia Roadshow
For personal use only I Investor t Update U d t and dAAsia i Roadshow R d h August 2011
Slide 2: Disclaimer
Disclaimer This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco For personal use only Ltd (Metgasco). No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information con
Slide 3: Overview
Overview Metgasco is an ASX Listed, onshore conventional and unconventional gas company, For personal use only with significant 100% owned acreage in Clarence Moreton Basin (NSW) Large uncommitted coal seam gas reserves – established in less than 10% of the Company’s acreage 1P Gas reserves of
Slide 4: Corporate overview
Corporate overview Capital Structure Purpose For personal use only ASX code MEL Share price (at 25 August 2011) $0.33 Market Capitalisation (million) $110.5 Shares on Issue (million) 334 8 334.8 Options on Issue (million) 8 Cash (at 30 June 2011) $23* D bt Debt Nil * Includes recent capital raising
Slide 5: Recent Capital Raising
Recent Capital Raising Metgasco has recently raised over $21 million through: For personal use only a non non-underwritten underwritten Placement ($6 million – finalised in June 2011); and a Share Purchase Plan ($15 million – finalised in August 2011) E i ti ffunds Existing d and d proceeds
Slide 6: Acreage
Acreage World scale acreage position in Clarence Moreton Basin (CMB) For personal use only 3 tenements (PEL 16, 16 13 & 426) 1,126,059 acres 100% owned Large gas resource potential CSG OGIP – 24 TCF Conventional – 2 TCF Drilling program has demonstrated CMB is gas charged over distan
Slide 7: Large and growing coal seam gas reserves
Large and growing coal seam gas reserves Australian Coal Seam Gas Reserves 100% ownership of gas (Petajoules) For personal use only reserves Company p y 3P 2P QGC (BG) 14,261 7,245 Large uncontracted reserve Origin 7,268 5,122 position in the CSG sector Conoco Phillips 6,265 5,004 Arrow S t Sant
Slide 8: Metgasco current enterprise value by 3P is $0.04
Metgasco current enterprise value by 3P is $0.04 3.50 3.03 For personal use only 3.00 J) Multiple (A$/GJ 2.50 2.00 1.88 1.65 Transaction M 1.50 Average 1.00 1.00 $0.51 0.77 0.74 0.77 0.74 0.67 0.69 0 57 0.57 0.56 0.51 0.51 0.50 0.40 0.30 0.15 0.00 BG PPetronas t Sh ll Shell QGC Conoco C BG AGL AGL B
Slide 9: CSG trial production - Richmond seam
CSG trial production - Richmond seam For personal use only Corella P11 – single lateral on production test for over two years Corella P18 – sidetrack single lateral (improved drilling and completion techniques) – currently dewatering Harrier P01 – dual lateral recently finished drilling – prod
Slide 10: Kingfisher gas field
Kingfisher gas field Kingfisher E01 For personal use only First major conventional gas discovery in NSW (November 2009) 138 meters of gas charged sands identified Additional gas charged sands likely below the TD of Kingfisher E01 Depth of system unknown Up to 500 meters of additional sec
Slide 11: Large conventional prospect to be drilled mid 2012
Large conventional prospect to be drilled mid 2012 For personal use only Greater Mackellar Structure P50 OGIP 1,312 Bcf 11
Slide 12: The growing importance of gas worldwide
The growing importance of gas worldwide Future NSW Gas Supply For personal use only The NSW Government believes that gas is forecast to supply 30% of the States power needs over the next 25 years g NSW Gas Supply Existing pp y 94% of gas supply to NSW is imported from other states. Austral
Slide 13: Strong government support for gas industry growth
Strong government support for gas industry growth The Australian Prime Minister stated that “we see a strong future for the gas For personal use only industryy here is Australia” and gas g is a clean transition fuel. The Australian Minister for Regional Australia and Regional Development, stated
Slide 14: Big companies demonstrating confidence in CSG
Big companies demonstrating confidence in CSG Energy majors are hungry for positions in large scale unconventional gas resource For personal use only plays Shell/ Petrochina – Acquisition of Arrow Energy A$3.5 Billion BG – Acquisition q of QGC A$5.2 Billion ConocoPhillips – Acquisition of Or
Slide 15: Numerous commercialisation options available
Numerous commercialisation options available Domestic gas For personal use only Domestic gas fired electricity Gas to LNG export Other Oth industrial i d t i l gas uses 15
Slide 16: 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 o Market ((Km) 500 policy P Power 400 Brisbane Gas Load Distance to 300 Mini200 LNG Nth NSW 100 Electricity ad NRPS RVPS 0 Export LNG 0 100 20
Slide 17: Commercialisation agenda - LNG sector
Commercialisation agenda - LNG sector Eastern Australia Gas Demand Growth For personal use only 2500 2000 10% pa demand growth PROJECTED LNG DEMAND for the next decade 1500 1000 PROJECTED DOMESTIC DEMAND 500 Source : McLennan and Magasanik Associates - 23 June 2010 Annual Gas Market Review 0 2010 20
Slide 18: Looking forward
Looking forward Heightened demand for gas For personal use only 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 independent compan