Galilee Energy Limited · ASX:GLL
Galilee Energy — Investor Presentation (October 2010)
19 slides from Galilee Energy's investor presentation, Oct 27, 2010
Slide 1: For personal use only
For personal use only Glenn Haworth – Chief Executive Officer Sam Aarons – Business Development Manager 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and
Slide 3: Galilee Energy Limited formerly Eastern Corporation Limited
Galilee Energy Limited formerly Eastern Corporation Limited ASX Listed – GLL ASX Listed – ECU Overview Key Assets For personal use only Emerging energy company with Coal Seam Gas (CSG) interests Coal Seam Gas Exploration - Queensland in Australia and a profitable coal business in New Zealand Buyout
Slide 4: Top Ten Shareholders
Top Ten Shareholders Average volume over 170,000 For personal use only GALILEE ENERGY LIMITED FULLY PAID ORDINARY SHARES (TOTAL) As of 21 Oct 2010 Top Holders Snapshot - Grouped Composition : ORD Rank Name % of units 1. BECAMAL PTY LTD 16.85 2. ECARLATE PTY LTD 12.06 3. AMP LIFE LIMITED 5.53 4. EKCO
Slide 5: Company Structure
Company Structure Coal Seam Gas and Coal Mining Assets For personal use only Galilee Energy Limited Galilee Resources Pty Ltd Eastern Resources Group Limited Eastern Coal Supplies ATP 529 P ATP 799 P Takitimu Coal Ltd AGL 50% GRL 50% GRL 100% Cascade Coal Ltd Rochfort Coal Ltd 5
Slide 6: Company Milestones
Company Milestones Developing energy company For personal use only 1996 Eastern Corporation listed on the ASX 2003 Acquired 51% of Galilee Energy Limited: Assets in the Galilee Basin 2004 ATP 529P Rodney Creek production pilot Australian coal division established – purchase of Broughton 2004 (Mitsui
Slide 7: Coal Seam Gas (CSG) Tenements
Coal Seam Gas (CSG) Tenements Galilee - an underexplored basin For personal use only Galilee Resources Limited Two extensive exploration permits across 8,700 kms2 AGL Energy Limited Operator of ATP529P Encouraging exploration results suggest resource potential of >20 TCF1 gas in place Commercialisat
Slide 8: Coal Seam Gas Drilling Activity
Coal Seam Gas Drilling Activity Galilee Energy has drilled over 50% of the basin CSG wells For personal use only Depth (m) Galilee Basin CSG Wells 1500 SKIFF 1 1400 SOLOMAN 1A DUNROSSIE 1 MT MYTH 1 CROSSMORE SOUTH 1 1300 BULLOCK 1KANAKADOTSWOOD 1 1 RODNEY CREEK 3 PENTLAND 1 PENNYCOED CREEK 1 FLEETWO
Slide 9: AGL and GLL Exploration Results
AGL and GLL Exploration Results Encouraging resource potential For personal use only Extensive Betts Creek & Aramac coal seams Large, thick, continuous coal seams Well cleated Fair to Good Permeability Betts Creek average 69 md at RC08 Gas Contents In general gas content is low. However, median valu
Slide 10: AGL Energy Farm-in to ATP 529P
AGL Energy Farm-in to ATP 529P Funding program to deliver maiden reserves booking For personal use only AGL (Operator) 50% $37m Farm-in deal - July 2008 to end 2010 Stage 1: Glenaras production pilot Initial reserves booking target Q1 2011 Stage 2: Exploration and appraisal 540 km 2D seismic acquisi
Slide 11: ATP 799P
ATP 799P Focus on exploration and appraisal For personal use only Galilee (Operator) 100% $5.48 m raised in July 09 Environmental survey 150 km 2D seismic complete Core hole drilling complete Dunrossie-01 Dotswood-01 Dunrossie-01 Later Work program Feb 2010 Additional core holes Further seismic Wate
Slide 12: CSG Projects – Key Milestones
CSG Projects – Key Milestones Timeline to maiden reserves booking For personal use only 2009 2010 2011 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 ATP 529 – AGL (50%) Completion of 5-spot Production Pilot Completion Water Handling Facility Dewatering of Pilot Stage 2 Exploration & Appraisal Wells Target for Reserves Bo
Slide 13: New Zealand Coal Operations
New Zealand Coal Operations Profitable business seeking growth For personal use only Two operating coal mines producing over 200 ktpa Potential export coking coal tenement Positive turnaround - profit in 2009/2010 Self-funding through positive cash flow Sale contracts in place to underwrite current
Slide 14: Board Members
Board Members Building Technical and Financial Expertise For personal use only Mr Koroknay has over 30 years experience in the oil & gas industry both Steve Koroknay within Australia and internationally. He has held senior positions with Non-executive Chairman Esso, Bridge Oil and more recently foun
Slide 15: Management Team
Management Team Extensive management experience Mr. Haworth holds a Bachelor of Engineering degree from the University For personal use only Glenn Haworth of Edinburgh and an MBA from QUT. He has worked in the international oil and gas sector for over 19 years. As a graduate engineer with BP he Chie
Slide 16: Way forward
Way forward Maiden reserves booking and growth beyond the Galilee Basin For personal use only ATP 529P Work with AGL to book maiden reserves Review data from Glenaras pilot, recent seismic and coreholes Commence 2011 work program ATP 799P Review data from 2009/10 exploration: seismic and coreholes L
Slide 17: For personal use only
Energy in action” {Schlumberger 4 = , | (ee Sat i o TERREX SEISMIC GALILEE ENERGY LIMITED
Slide 18: Galilee Energy Limited Company Overview October 2010
GALILEE ENERGY LIMITED COMPANY OVERVIEW OCTOBER 2010 INTRODUCTION COMPANY MILESTONES Galilee Energy Limited is a Brisbane based, ASX 1996 Eastern Corporation listed on the ASX listed Hydrocarbon Energy Company. Galilee owns two Coal Seam Gas (CSG) exploration For personal use only Acquires 51% of Ga
Slide 19: Galilee Energy Limited Company Overview October 2010
GALILEE ENERGY LIMITED COMPANY OVERVIEW OCTOBER 2010 Coal Seam Gas BOARD AND MANAGEMENT ATP 529P –AGL Energy Operator (50%) Galilee Energy boasts an experienced and highly regarded board and management leadership team, including the New Farm-in signed with AGL Energy Limited (AGL) who Zealand operat
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