Metgasco Ltd · ASX:MEL

Metgasco — LNG Outlook Australasia 2010

16 slides from Metgasco's conference presentation, Nov 24, 2010

  1. Slide 1: Presentation to LNG Outlook Australasia 2010

    For personal use only Presentation to LNG Outlook Australasia 2010 David Johnson – Managing Director 24 November 2010

  2. 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

  3. Slide 3: Metgasco overview

    Metgasco overview  Onshore oil and gas exploration close to For personal use only markets on east coast of Australia  Shares on issue – 252 million (approximately)  Options on issue - 9 million (approximately)  Included in ASX All Ordinaries Index  Market capitalisation - A$130 million @$0.515

  4. Slide 4: Metgasco overview: location and acreage

    Metgasco overview location and acreage For personal use only  Clarence Moreton is southern continuation of the Surat basin in Queensland  Leader in the Clarence Moreton Basin in NSW with dominant acreage position  Basin wide holdings provide unrivalled technical insight  100% ownership and opera

  5. Slide 5: Clarence Moreton Basin

    Clarence Moreton Basin For personal use only Coal Seam Gas Tight Gas Tight Gas Tight Gas Conventional Gas 5 Coal Seam Gas

  6. Slide 6: Coal seam gas – developing export scale reserves

    Coal seam gas – developing export scale reserves Company Reserves (PJ) 2P 3P For personal use only APLNG (Origin/ ConocoPhillips) 10,100 15,541  100% ownership of gas QCLNG (BG) 7,716 8,618 reserves Shell LNG (Shell/ PetroChina) 5,265 8,251  Large uncontracted GLNG (Santos/ Petronas) 4,629 7,322 r

  7. Slide 7: Coal seam has reserve development upside

    Coal seam has reserve development upside For personal use only  Coal seam gas has only been recognised on 10% of acreage  PEL 16 PJ  2P Reserves 397  3P Reserves 2,239  2C Resources 1,177 (Independent certification)  PEL 13  Prospective resource (Internal estimate) 11,000  PEL 426  No resou

  8. Slide 8: Conventional/Tight Gas Resources

    Conventional/Tight Gas Resources For personal use only  PEL 16  Kingfisher 2C (Pmean) 77 Bcf  Kingfisher 2C (P10) 284 Bcf  7 other Prospects & Leads  Total Pre drill OGIP (Pmean) 391 Bcf  Total Pre drill OGIP (P10) 4,360 Bcf  PEL 13  5 Prospects and Leads  Total Pre drill OGIP (Pmean) 299 B

  9. Slide 9: Gas market opportunities

    Gas market opportunities For personal use only Northern NSW Electricity Notes: NRPS - Northern Rivers Power Station, RVPS - Richmond Valley Power Station 9

  10. Slide 10: Multiple commercialisation paths

    Multiple commercialisation paths For personal use only MARKET PROJECT CAPACITY Local Gas Load PJ/A LOCAL POWER MARKET RICHMOND VALLEY POWER STATION 2.3 NORTHERN RIVERS POWER STATION 8 - 24 REGIONAL GAS MARKET Power LIONSWAY PIPELINE 27 - 220 LNG EXPORT MARKET SWAPS +30 EXTENSION TO FISHERMANS LANDIN

  11. Slide 11: Export LNG feasibility study

    Export LNG feasibility study  For personal use only Metgasco estimates that its acreage contains approximately 4.5 Tcf (2P) of coal seam gas resources and 1.5 Tcf (OGIP Pmean) in conventional gas resource  Scale of this resource is beyond domestic market capacity to absorb  Metgasco is conducting

  12. Slide 12: Overview

    Overview Option 1 Fisherman’s Landing For personal use only Fisherman’s Landing LNG Limited Option 2 Port of Brisbane Option 3 Floating LNG Option 4 Gas swaps 12

  13. Slide 13: LNG Feasibility Study - Pipeline to Fisherman's Landing at Gladstone (Qld)

    LNG Feasibility Study - Pipeline to Fisherman’s Landing at Gladstone (Qld) For personal use only  LNG Ltd has an advanced LNG project at Fisherman’s landing at the Port of Gladstone Fisherman’s Landing LNG Limited  Metgasco is developing a pipeline to SE Queensland – the Lions Way pipeline  This

  14. Slide 14: Option 2: Port of Brisbane (Qld)

    Option 2: Port of Brisbane (Qld) For personal use only  Metgasco has previously considered a pipeline to the Port of Brisbane and believes it to be technically feasible  Extension to Lions Way Pipeline is approximately 60 km in length 14

  15. Slide 15: Option 3: Floating LNG located offshore (NSW)

    Option 3: Floating LNG located offshore (NSW)  Moored at an off-shore location – limiting environmental footprint of LNG production For personal use only facility  At least 20 km from shore – beyond line of site from coast  Two transport ship movements per month – no further strain on limited NSW

  16. Slide 16: Current and Forward work program

    Current and Forward work program For personal use only CSG PRODUCTION DRILLING PROGRAM Local Gas Load - AIR DRILLING PROGRAM PEL 426 - HARRIER LATERAL PROGRAM PEL 16 FIRST RESERVES PEL 13 FIELD DEVELOPMENT PLANNING CONVENTIONAL 2010 2D SEISMIC PROGRAM Power KINGFISHER STIMULATION PROGRAM KINGFISHER#

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