State Gas Ltd. · ASX:GAS
State Gas — Investor Presentation (June 2024)
19 slides from State Gas's investor presentation, June 2024
Slide 1: Accelerating industrial decarbonisation using HDNG
Accelerating industrial decarbonisation using HDNG June 2024 ASX:GAS
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by State Gas Limited (ACN 617 Future Performance 322 488) (State Gas). The Presentation and information contained in it is being This Presentation contains certain “forward looking statements”. Forward-looking provided for information pur
Slide 3: Value Through Diversification
Value Through Diversification First Gas Production and Operating Cashflow 01 • Ramp up HDNG# volume and revenue over coming months • Expanding market for HDNG, with no competition and significant interest in new gas supply arrangements • Supports accreditation of maiden 2P reserve at Rolleston West
Slide 4: Investment Fundamentals
Investment Fundamentals HDNG fuel supplier and developer Substantial natural gas portfolio of new CSG technology located in right area • Increasing and substantial demand for lower • 2630 km2 of combined acreage emission alternatives to diesel • 534PJ^ of 2C resource, targeting the highly • Queensla
Slide 5: Value created through the HDNG Pilot Plant
Value created through the HDNG Pilot Plant A growing cashflow stream • Initial offtake for up to 300GJ/day to support diesel substitution/decarbonisation project at a local coal mine • Has the potential to generate free operating cashflows > $1M per annum, with HDNG supply price at a premium to spot
Slide 6: The HDNG Decarb Solution
The HDNG Decarb Solution 1 2 • The HDNG Pilot Plant is small modular plant, located approximately 20km south of Rolleston • CSG is provided to the HDNG Facility by a gathering system connected to the Company’s Rougemont 2/3 dual lateral exploration and appraisal well (“Rougemont 2/3”), located withi
Slide 7: The HDNG Decarb Solution (continued)
The HDNG Decarb Solution (continued) • State Gas is in the unique position to be the only producer of HDNG suitable for use in hybrid engine technology (such as coal mine trucks) • The Company can deliver a turn-key solution for customers, including fuel supply and the ability to develop and operate
Slide 8: Scale of Diesel Displacement Opportunities
Scale of Diesel Displacement Opportunities +$30 Bn^ of diesel sales Total Addressable Diesel Fuel Domestic Market TAM • Total diesel consumption conservatively 30 First billion litres per annum, at $1.40/L net of • All sources of diesell fuel consumption, customer commercial and domestic fuel tax cr
Slide 9: Rolleston West – A New Generation Gas Project
Rolleston West – A New Generation Gas Project • The Rolleston West Project (ATP 2062) is 100% owned by State Gas Limited, The tenement is located in the Southern Bowen Basin ROUGEMONT-3 • The project is the Denison Trough, which is characterised by conventional and coal seam gas (CSG) potential from
Slide 10: Rolleston West – Next Stage of Exploration Funded
Rolleston West – Next Stage of Exploration Funded • State Gas has been awarded a Queensland Government exploration grant of $5.5M to support drilling to two new vertical step-out exploration and appraisal wells near the existing Rougemont 2/3 dual lateral well system • The program will commence in J
Slide 11: 3 Year Plan Milestones
3 Year Plan Milestones Ramp up HDNG production and Rolleston West Infrastructure and PL Grant and initial project development complete new vertical wells Project FEED studies commences for Rolleston West • Maximise 0.5TJ/day offtake • Formalise infrastructure partnership for the • Commence construct
Slide 12: Next steps
Next Action Support steps Learn about State Gas: www.stategas.com www.asx.com.au/markets/company/gas www.linkedin.com/company/state-gas-ltd Doug McAlpine Contact the Company: Chief Executive Officer +61439557400 12
Slide 13: About State Gas
About State Gas Supplementary information 13
Slide 14: Governance and capability
Governance and capability Corporate information Position Experience ASX Code GAS Significant international energy experience, and commercial strategy and Richard Cottee acumen within the energy and utilities sector. Former Managing Director (Executive Chairman) Queensland Gas Company Ltd, Central Pe
Slide 15: Substantial Natural Gas Acreage
Substantial Natural Gas Acreage A highly prospective gas region in the Southern Bowen Basin Substantial acreage 2630 km2 of combined acreage ATP 2062 – 1414 km2 - 100% ATP 2068 & 2069 (Santos JV) – 1035 km2 - 35% PL 231 – 181 km2 - 100% Significant resource potential Highly prospective Ban
Slide 16: Contingent Resource Estimates
Contingent Resource Estimates Additional information about Contingent Resource Estimate Estimated Contingent Resources* Net (PJ’s Net to State Gas) The Contingent Resource estimates for the Reid’s Dome and Rougemont Gas Projects Year Asset Acreage (State Gas 100%) and State Gas’ 35% interest in ATP
Slide 17: PL231 Reid’s Dome – Conventional Gas Deposit
PL231 Reid’s Dome – Conventional Gas Deposit The Reid’s Dome Gas Project (PL 231) is within the Bowen Basin on the apex of the Springsure-Serocold Anticline Identified more than 30 m of net coal, with gas contents averaging a very high 13.75m3/tonne dry ash free Commercial levels of sustainable prod
Slide 18: ATP 2068 & 2069 – Regional JV with Santos
ATP 2068 & 2069 – Regional JV with Santos State Gas 35%, Santos 65% & Operator Large area 727 km2 Bandanna Formation CSG Net coal demonstrated by Consuelo stratigraphic holes, Rougemont and Rewan-1 Gas content proven by Rewan-1 and Rougemont wells Southwest extension of Rougemont Exploration p
Slide 19: Carbon Capture and Storage Opportunity
Carbon Capture and Storage Opportunity JV with minerals explorer Rockminsolutions Pty Ltd to evaluate the suitability of the Buckland Basaltic Formation for a large scale carbon capture project 70 km2 area Ignimbrite (basalt) 200 – 330 m thick Permanent storage of CO2 by conversion to mineral ca