Galilee Energy Limited · ASX:GLL
Galilee Energy — Noosa Mining & Exploration Investor Conference 2019
20 slides from Galilee Energy's conference presentation, July 2019
Slide 1: Noosa Mining & Exploration Investor Conference Presentation
Noosa Mining & Exploration Investor Conference Presentation July 2019 ASX: GLL
Slide 2: Corporate
db CORPORATE
Slide 3: Corporate snapshot
Corporate snapshot Financial information Top 5 shareholders Share price (15 July 19) A$0.77 (as at 1 July 2019) Number of shares 226M JP Morgan 12.3% Ecarlate Pty Ltd 8.5% Market capitalisation A$174M Carpe Diem Asset Management 6.7% Cash (31 March 19) A$17M HSBC 6.4% Citicorp 2.6% Debt (Current) No
Slide 4: Company Overview
Company Overview Location of Galilee Energy’s Projects ▪ Brisbane based gas explorer (ASX:GLL). ▪ 100% owner of one of the largest Contingent Gas Resources in Queensland (excluding the big 3 LNG exporters). ▪ Management team has a proven track record of top tier coal seam gas and conventional explor
Slide 5: Australian East Coast Gas Dynamics
Australian East Coast Gas Dynamics • Australian east coast gas thematic continues to be Structurally short gas market and gas prices aligning a powerful story for Galilee. with international LNG prices • East coast gas market was transformed with the advent of the three LNG projects in Queensland wh
Slide 6: Glenaras Gas Project
I _am, a av =—_ as = if GLENARAS GAS PROJECT |
Slide 7: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset Betts Creek Depth Structure Map ▪ The Glenaras Gas Project is a mature exploration project with over $90 million spent to date. ▪ The resource is clearly defined with over 20 exploration wells, 700km of seismic and two multi well pilots. ▪ Importantly, the existing a
Slide 8: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset ▪ Flat, open grazing country with large scale holdings of 50,000+ acres. ▪ Expected low field development cost: – No fracture stimulation required. – Low salinity water requiring minimal treatment cost. ▪ Strong stakeholder relationships: – Community consultation thr
Slide 9: Glenaras Gas Project – CSG Properties
Glenaras Gas Project – CSG Properties ▪ Successful CSG projects require three key parameters: – Resource concentration (thickness, gas content) ✓ – Productivity (thickness, permeability) ✓ – Pressure drawdown in the coal (well design) ? R1 ▪ Resource concentration and coal productivity have been pro
Slide 10: Glenaras Gas Project – Enhanced Pilot
Glenaras Gas Project – Enhanced Pilot HIGH PRODUCTIVITY AND PRESSURE DRAWDOWN A STRONG INDICATOR FOR ROBUST FIELD DEVELOPMENT ECONOMICS • Outstanding delivery of the three lateral well programme, delivered safely, on schedule and within budget. • New design is aimed to greatly improve both well dens
Slide 11: Future exploration potential
Future exploration potential Exploration ▪ Important to appreciate the scale of the permit Areas area, over 80 km north to south and 70km east Glenaras Pilot Area to west. ▪ The majority of the permit area has Contingent Resources coverage. More than 16 Petroleum Lease applications, depicted on the
Slide 12: Jemena MOU – Clear Path to Market
Jemena MOU – Clear Path to Market ▪ Jemena and Galilee have signed a binding MOU to fast- track a pipeline from Glenaras to the east coast market. This provides a clearly defined, large scale path to market. ▪ Jemena have conducted various environmental, cultural MOU - heritage and native title asse
Slide 13: Surat Gas Project
SURAT GAS PROJECT
Slide 14: Surat Basin – ATP 2043
Surat Basin – ATP 2043 • 384km2 of high-value exploration acreage, strategically located over the Surat and Bowen basins. • Close proximity to top tier production assets including: • Adjacent to Undulla Nose and eastern Surat Walloon CSG fields. • On trend with the Moonie oil field. • Existing pipel
Slide 15: Surat Basin – ATP 2043
Surat Basin – ATP 2043 • Highly prospective for both unconventional coal seam gas and conventional oil and gas. • Firmly located within the world-class Walloon coal seam gas fairway of the Surat Basin. • Prominently positioned on the oil and gas prone eastern flank of the Taroom Trough. • Proven hyd
Slide 16: Summary
Summary ▪ Galilee focusing on high growth east coast gas business: – Glenaras Gas Project substantially de-risked with completion of recent drilling programme. – Strong water rates and drawdown augur well for project development economics. – One of the largest Contingent Gas Resources in Queensland.
Slide 17: Disclaimer
Disclaimer 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 changes in underlying
Slide 18: Galilee Energy Experienced Board and Management Team
Appendix MOU - Galilee Energy Experienced Board and Management Team
Slide 19: Experienced oil and gas team – Board
Experienced oil and gas team Board Dr. David King Stephen Kelemen Peter Lansom Ray Shorrocks Managing Director Non-Executive Chairman Non-Executive Director Non-executive Director PhD, MSc, B.E. Petroleum (Hons) B.A. History/Philosophy (Hons), B.E. Mechanical MOU - M.B.A. Finance FAusIMM, FAICD. 20+
Slide 20: Experienced oil and gas team – Management
Experienced oil and gas team Management Gerard Ryan Jamie Doyle Milton Cooper Peter Lansom Chief Financial Officer & Managing Director Chief Operating Officer Exploration Manager B.E. (Mech.) M.Sc. (Petroleum) Chief Commercial Officer B.E. Petroleum (Hons) B.App.Science (Hons 1st Class) B.A. Account
Galilee Energy — Noosa Mining & Exploration Investor Conference 2019 on 6ix