Comet Ridge Ltd · ASX:COI
Comet Ridge — RIU Good Oil Conference 2005
20 slides from Comet Ridge's conference presentation, Sep 7, 2005
Slide 1: Good Oil Conference - Getting it Done
2GoodO0ilConference ‘COMET RIDGE LIMITED Getting it Done September 7- 8, 2005 z
Slide 2: Comet Ridge
ISN Comet Ridge v Formed 2 years ago v Floated 16 months ago v Established in the Australian CSG business v Expanded into the US in 2005
Slide 3: Comet Ridge
ISN Comet Ridge v Large scale coal seam gas projects VY Low risk, close in exploration and rejuvenation of mature oil and gas fields utilizing under-balanced directional drilling technology
Slide 4: In the past months
ISN Comet Ridge i aie In the past 16 months: v Significant gas reserves @ Tipton West Y Significant gas resource @ Mahalo Y Strategic alliance to secure drilling technology Y Strengthened balance sheet via sale of Tipton West — Y Initiated US Strategy
Slide 5: | - . yy:
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Slide 6: Comet Ridge ATPs
INN Comet Ridge ATP’s 743 & 744A Entering RIN 7" Mahalo Earning 40% Tarp. apa ang be ATP’s 683 & 689 Sold, retained royalty PEL’s 427 & 428 Farmed out
Slide 7: Mahalo Core Project
x. Comet Ridge Permian Coals . i 7 Absent Y Core Project - v Earning 40% v¥ Gas Resource ~ 1 TCF v3 wells Q4 2005 Y Flow test inferred gas cap Wi ii ns : 4
Slide 8: Mahalo
ISN Comet Ridge Mahalo 2m \ | co Mahalo Project Area Petroleum Wells Dry hole, Gas Show Coal Hale Comet Ridge Core Holes: Proposed Core Holes ~~" Gas pipeline Way Edge of Permian 250. Depth metres sub sea Structural High @® Gasfieid __ Humboldt Creek 1 s Pollux Seam Top Bandanna Formation
Slide 9: The US Offers
ISN Comet Ridge the US Offets v Premium energy market Y Broad spectrum of opportunities v Short time from discovery to cash flow v Increased opportunity to apply competitive advantage v¥ People & drilling technology
Slide 10: Natural Gas Spot Henry Hub
7 NN Comet Ridge Natural Gas Spot Henry Hub US$/MCF
Slide 11: Market Trends - Natural Gas Demand and Supply
7 NN Comet Ridge TCF/Year 1935 Source: Energy Information Agency Annual Energy Outlook 2006 Market Trends - Natural Gas Demand and Supply | Gas Market 2010 2015 2020 2025
Slide 12: Comet Ridge
AS Comet Ridge KILOMETRES We
Slide 13: Comet Ridge
ISN Comet Ridge mS Comet Ridge &. -P LUCAS NN
Slide 14: Cedar Creek Area
INN Comet Ridge Comet Ridge Torrent Energy CORPORATION ae = Cedar Creek Area r~ Coal Seam Ce onven ntional Ge as _
Slide 15: Greenhill Petroleum
ISN Comet Ridge MMCFD Jun 05 Greenhill Petroleum US$270 million
Slide 16: Comet Ridge
MS Comet Ridge
Slide 17: ISN
ISN Comet Ridge
Slide 18: ASX code: COI
ISN Comet Ridge ASX code: COl Issued shares: 61.2m shares Issued options: 6.4m 3yr 20¢ options Market cap: $8 million Cash: . $5.5 million* Top 20: 56% Shareholders: 490
Slide 19: Disclaimer
= wae ~=Disclaimer Comet Ridge Limited has taken all reasonable care in producing the text and images contained on this presentation but does not warrant that the information contained herein is accurate or up to date. The information on these slides is based on publicly available information, inter
Slide 20: ISN
ISN Comet Ridge