Metgasco Ltd · ASX:MEL
Metgasco — Shareholder Meeting (November 2012)
20 slides from Metgasco's shareholder meeting presentation, Nov 13, 2012
Slide 1: Annual General Meeting: Managing Director's Address
For personal use only Annual General Meeting Managing Director’s Address 13 November 2012
Slide 2: 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 For personal use only information con
Slide 3: 2011/2012: A tough year, but the outlook is good
2011/2012: A tough year, but the outlook is good Exciting CSG reserves and conventional potential For personal use only NSW More than 1 million gas customers NSW has a supply issue from 2014/2015 Northern Rivers area: opportunity to sustain and grow industry through a lower cost, safer and
Slide 4: Share price performance
Share price performance For personal use only Page 4
Slide 5: Health, safety and environment
Health, safety and environment Employees: For personal use only 3 years LTI free on October 26, 2012 Contractors: 2 years without an LTI on September 5, 2012 No reportable environment incidents Strong focus on environmental performance: Water management in particular Increased MEL st
Slide 6: Significant CSG reserves base
Significant CSG reserves base World scale acreage position in the Clarence-Moreton Basin For personal use only 4 tenements (PEL 16, 13, 426 & 130) − PEL 130 subject to work program approval 1,107,317 acres in PEL 16, 13, 130 & 426 100% owned Large gas resource potential MEL’s starting ba
Slide 7: Large uncontracted coal seam gas reserves
Large uncontracted coal seam gas reserves 100% ownership of gas reserves Eastern Australian CSG Reserves (PJ) as at 31 December 2011 For personal use only Large uncontracted reserve position in Company 3P 2P the CSG sector QGC 15,675 10,350 Arrow Energy 12,500 7,800 Reserves: Origin Energy 7,7
Slide 8: Further upside from conventional gas discovery
Further upside from conventional gas discovery Kingfisher E01 First major conventional gas discovery in NSW (November For personal use only 2009) Large section of gas charged sands identified 138 metres of gas charged sands in Ripley Road and Gatton formations Up to 500 meters of additiona
Slide 9: Multiple commercialisation options available
Multiple commercialisation options available Local and Regional markets For personal use only Local sales – e.g. Richmond Dairies Compressed Natural Gas (CNG)/micro LNG Local power generation Domestic and Export 15PJ to 30 PJ gas sales for domestic & third party sales to LNG proponents Sta
Slide 10: Strong east coast demand – domestic and export
Strong east coast demand – domestic and export Gas market is undergoing significant structural change driven by For personal use only LNG developments in QLD - Gas being sold to higher priced Asian LNG markets Transition to a lower carbon economy Declining production from traditional east coas
Slide 11: NSW – Security of supply / importance?
NSW – Security of supply / importance? “The point is that NSW is facing a gas supply crisis…The supply contracts start to run out in For personal use only 2014 and one-third of the energy in NSW comes from gas.” The Hon Chris Hartcher, MP, The Australian - August 18 2012 NSW consumption approx. 14
Slide 12: Upward trend in gas prices
Upward trend in gas prices For personal use only Price risk now skewed to the upside Availability of abundant low-cost marginal CSG for domestic use now increasingly unlikely. Source: National Gas Outlook: Domestic gas Prices and Markets. ACIL Tasman 30 May 2012 Days of wholesale sales gas price c
Slide 13: NSW Government gives CSG / Metgasco the green light
NSW Government gives CSG / Metgasco the green light For personal use only “With yet to be tapped coal seam gas reserves representing over 250 years of supply, it’s essential that we start to get Projects moving with proper protection in place”. The Hon Chris Hartcher , MP, NSW Minister for resources
Slide 14: Metgasco – responding to the challenges ahead
Metgasco – responding to the challenges ahead Productivity For personal use only Technology Recoveries Labour and materials Costs Supplies Resources (people and equipment) and management Schedule Working efficiently within new NSW regulatory environment Water Management Huge opportunit
Slide 15: Community consultation
Community consultation Metgasco focussed on key stakeholders, local community and landholders: For personal use only One to one communication Small, disciplined discussion groups Prompt and open response to letters, emails and media reports Primary focus for 2012/2013 Communication with
Slide 16: 2012/2013 Program
2012/2013 Program Core Well Conventional Pilot Wells Well • CSG pilot wells: For personal use only Lismore • Further demonstration of Casino PEL 16 productivity Seismic • Additional gas for local sales PEL 13 • Core wells; PEL 130 • Reserve definition and acreage management PEL 426 Core Well • Conve
Slide 17: For personal use only
For personal use only
Slide 18: Our management team
Our management team For personal use only Peter Henderson – Managing Director & Sean Hooper – CFO & Company Secretary Richard Shields – External Relations CEO Sean is a Chartered Accountant with more than Manager Formerly Operations Technician Manager for 25 years of broad financial experience. He i
Slide 19: Metgasco is moving ahead
Metgasco is moving ahead Heightened demand for gas NSW faces supply shortages as early as 2014 For personal use only Northern Rivers region faces high LPG and diesel costs Gladstone LNG projects require additional gas to meet export commitments Potential for stand-alone LNG project with FL
Slide 20: Annual General Meeting: Managing Director's Address
For personal use only Annual General Meeting Managing Director’s Address 13 November 2012