State Gas Ltd. · ASX:GAS
State Gas — Shareholder Meeting (November 2020)
9 slides from State Gas's shareholder meeting presentation, Nov 18, 2020
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 18 November 2020 ASX:GAS
Slide 2: Disclaimer
For personal use only Disclaimer Disclaimer Future Performance This presentation (Presentation) has been prepared by State Gas Limited (ACN 617 322 This Presentation contains certain “forward looking statements”. Forward-looking 488) (State Gas). The Presentation and information contained in it is b
Slide 3: Corporate Overview
For personal use only Corporate Overview Share price $0.52 @ 13 Nov 2020 close 52 week high $1.19, low 32c Market Cap ~$100m Shares on Issue Cash at bank 173m $14.4m @ 31/10/2020 # Shareholders Drs & Mgt holdings 902 20% 3
Slide 4: The East Coast Market
For personal use only The East Coast Market Supply Demand Policy Impacts: Bass Strait in long term decline Asia markets recovering – Qld Federal Government Gas - led Recovery 1. East Coast shortfalls from 2023 LNG exports to Cattle Creek Formation: 2. Major LNG Projects increase Strong State 3-way C
Slide 5: Project Areas
Project Areas • Reid’s Dome & Rolleston West; For personal use only • 1593 km2 of combined acreage* • PL 231 – 180 km2 • ATP 2062 – 1413 km2 • Highly prospective Bowen Basin sequence • Multiple conventional and unconventional targets • No domestic gas reservation • Less than 50 km from Queensland Ga
Slide 6: PL-231 Update
For personal use only PL-231 Update • State Gas drilled 4 wells to date - 100% successful – Primero West-1: Staircase Sandstone conventional gas. – Nyanda-4: Reid’s Dome Beds CSG. Gas flowing close to 500 mscfd – Aldinga East-1A: intra-Cattle Creek new conventional gas – Serocold-1: Reid’s Dome Beds
Slide 7: ATP-2062
For personal use only ATP-2062 • New permit, granted October 2020 • Early – Late Permian sequence: – Bandanna Formation (CSG, cf Arcadia Valley, Mahalo) – Rewan Formation (conventional gas, cf Yellowbank) – Aldebaran Sandstone (conventional gas, cf Merivale, Rolleston, Yandina, Yellowbank) – Cattle
Slide 8: A Gas Reservation Policy?
For personal use only A Gas Reservation Policy? Likely impacts of The Problem Objectives reservation There must be Volatility in gas prices Increased supply Raise barriers to entry a better way ! Insufficient gas Increased Concentrate supply available for long competition in Cattle Creek Formation:
Slide 9: Contact
For personal use only Contact Level 8 46 Edward Street Brisbane QLD 4000 Australia Email info@stategas.com stategas.com