Galilee Energy Limited · ASX:GLL
Galilee Energy — Investor Presentation (April 2014)
13 slides from Galilee Energy's investor presentation, Apr 22, 2014
Slide 1: Galilee Energy: investor presentation
ASX/MEDIA ANNOUNCEMENT 22 April 2014 For personal use only Galilee Energy: investor presentation Galilee Energy Limited (ASX: GLL) ("Galilee" or the "Company") announces today that the Managing Director and Executive Director commenced a series of investor briefings in Sydney and Melbourne. A copy o
Slide 2: 22-23 April 2014 investor briefings
22-23 April 2014 For personal use only Peter Lansom - Managing Director Paul Bilston - Executive Director
Slide 3: Company overview
Company overview For personal use only Strong Balance Sheet. Board and Management strongly aligned to shareholder interests having made a significant investment in Galilee shares. Market overview – 15 April 2014 Substantial Shareholders * ASX code GLL Name No of % shares Market capitalisation $18.3m
Slide 4: Company overview: share price performance
Company overview For personal use only Share Price Performance (last 12 months) • Galilee’s new board and management $0.17 1.8 is focused on building and expanding $0.16 1.6 its asset mix to create a mid-tier $0.15 1.4 Volume (m) $0.14 1.2 exploration and production company. $0.13 1.0 $0.12 0.8 • In
Slide 5: Experienced oil and gas team
Experienced oil and gas team For personal use only Board and Management Dr. David King Peter Lansom Ray Shorrocks Paul Bilston Non- Executive Chairman Managing Director Non- Executive Director Executive Director PhD, MSc, B.E. Petroleum (Hons) B.E. (Mech), PhD FAusIMM, FAICD. 40+ years experience in
Slide 6: Corporate direction
Corporate direction For personal use only Galilee has a clear plan to grow shareholder value and the capacity to execute Maximise the value of the current assets – demonstrate commercial gas flow and book reserves Three Develop a sustainable foundation part by building a solid production base. Deliv
Slide 7: Current assets – ATP529P
Current assets – ATP529P For personal use only Tenement ATP 529P Operator AGL Energy Limited (AGK) Ownership GLL 50% : AGL 50% Townsville Area 3,953 km2 Galilee Basin Coal Mount Isa ATP 529P Mining region – Status Appraisal Cannington massive demand for energy Resource 1C of 11.8 Bcf (100%) Longreac
Slide 8: Current assets – ATP529P
Current assets – ATP529P For personal use only Prospectivity Moving to commercialisation • Coal Seam Gas: Galilee • A significant gas flow would lead to a re-rating of the Basin sub-bituminous to Basin’s potential. bituminous Late Permian • A commercial rate would lead to reserve booking. Betts Cree
Slide 9: Glenaras Pilot – completion design
Glenaras Pilot – completion design For personal use only Current Planned • Proposing a completion of the coal only • Existing pilots utilised multi-stage fracture stimulations • Simple design and significant reduction in cost • Considered necessary for productivity • Coal permeability should be suff
Slide 10: Building a production base and free cashflow
Building a production base and free cashflow For personal use only • We are building a production base by identifying projects with a preference for: – Materiality for the company – In or near-term production – Liquids or liquids rich gas – Deliver sustainable free cashflow within 2 yrs – Substantia
Slide 11: Expanding our exploration portfolio
Expanding our exploration portfolio For personal use only • Building a quality exploration portfolio has the Add a photo or two potential to deliver significant value for shareholders – but will take time. Quality deals are worth the wait. • Strategy: – Identifying underexplored sedimentary basins i
Slide 12: Conclusion
Conclusion For personal use only • Currently, Galilee (GLL) has ~$26.0m* of cash at hand and no debt in an exciting Strong environment for asset acquisitions and M&A. Balance sheet • GLL plans to deliver value and upside with its robust balance sheet and management expertise. This has already been d
Slide 13: 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 an