Metgasco Ltd · ASX:MEL
Metgasco — Shareholder Meeting (November 2014)
7 slides from Metgasco's shareholder meeting presentation, Nov 28, 2014
Slide 1: 2014 AGM Chairman's Address
For personal use only 2014 AGM Chairman’s Address 28 November
Slide 2: Rosella Well
Rosella Well For personal use only • No lawful right; • No lawful basis; • No need; • Judgement possibly before Christmas. 2
Slide 3: New South Wales Gas Plan
New South Wales Gas Plan For personal use only • Better science and information to deliver world’s best practice regulation; • Pause, reset and recommence: Gas exploration on our terms; • Strong and certain regulation; • Sharing the benefits; • Securing NSW gas supply needs. 3
Slide 4: Future of Gas Development in the Northern Rivers
Future of Gas Development in the Northern Rivers For personal use only • Some NR MPs support buyback (or cancellation); • $120M invested over 10 years; • If buyback then fair compensation; • Redress by government needed to rebuild investor confidence. 4
Slide 5: Conclusion
Conclusion For personal use only • Minimal progress for Metgasco (and other NSW CSG companies) in this term; • We have identified significant resources; • Gas demand remains strong; • Diversification outside NSW would complement longer timeframe needed for development in the Northern Rivers. 5
Slide 6: Reclassification of reserves
Reclassification of reserves For personal use only Reserve and Resource Category – Petajoules (PJ) 3P (Proven + 2P (Proven + 2C Contingent 1P (Proven) Probable + Probable) Resource Possible) Reserves & resources 1 July 2013 2.7 338 2,055 2,373 Reclassification of reserves to (2.7) (338) (2,055) 2,05
Slide 7: Disclaimer
Disclaimer 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 For personal use only con