Metgasco Ltd · ASX:MEL
Metgasco — RIU Good Oil Conference 2018
17 slides from Metgasco's conference presentation, Sep 13, 2018
Slide 1: RIU Good Oil Conference Presentation
For personal use only RIU Good Oil Conference Presentation ASX: MEL SEPTEMBER 2018
Slide 2: Agenda
Agenda For personal use only ‒1 Business transformation ‒2 Company snapshot ‒3 Board and team ‒4 Strategy and vision ‒5 Byron Energy investments ‒6 Shallow Gulf of Mexico exploration ‒7 Cooper Basin exploration ‒8 2018/2019 indicative timeline ‒9 Conclusion – Investment highlights ‒ Disclaimer 10 AS
Slide 3: Metgasco Business Transformation
Metgasco Business Transformation Since 2016 the company has transformed, via financial and new asset deals, to For personal use only deliver a total shareholder return of >55%* Two high impact wells planned in the next 12 months, one currently drilling Return 5 2019 and 4 2018: 2 highly beyond: Pivo
Slide 4: Company snapshot
Company snapshot Metgasco is now an emerging exploration and development company For personal use only Company overview Substantial shareholders & Board Keybridge Capital Limited 20.12% ▪ Experienced team focused on building value in the business M&A Advisory Pty. Ltd. 19.59% ▪ MEL is fully funded t
Slide 5: Board and Team
Board and Team Highly engaged Board and Management team with a deep knowledge of For personal use only Australian and international exploration and operations ▪ In 2018 Metgasco renewed its Board with specific technical experience in maximising value from current exploration programme to rapidly tra
Slide 6: Strategy and Vision
Strategy and Vision The Metgasco team is focused on continuing to deliver significant shareholder For personal use only returns from current and new Exploration and Production assets ▪ Our Vision: - Generate significant long term shareholder returns - Strong and proven Capital Management focus, sust
Slide 7: Byron Energy Financial Investment Summary
Byron Energy Financial Investment Summary Strong returns and access to a compelling exploration portfolio For personal use only Metgasco commenced its relationship by structuring an $8m development finance facility secured over Byron’s SM-71 1 discovery Fully secured, with convertibility, an effecti
Slide 8: Shallow GOM: Bivouac Peak - Byron Energy Farm In
Shallow GOM: Bivouac Peak - Byron Energy Farm In Metgasco farmed in for a WI of 10% of Byron Energy operated Bivouac Peak For personal use only Weiss Adler et al-1 a high quality exploration prospect, currently being drilled by Byron Energy Exploration Key Data Country USA La Posada/La Basin GOM Mar
Slide 9: Shallow GOM: SM74 - Byron Energy Farm In
Shallow GOM: SM74 – Byron Energy Farm In Metgasco farmed in for a WI of 30% of Byron Energy operated SM74 block For personal use only First exploration well planned for November 2018 Exploration Key Data Country USA Basin GOM Licence SM74 Well SM74 D-14 Farm in for 30% for funding Licence Entry 40%
Slide 10: Cooper Basin ATP 2021: local fields and discoveries
Cooper Basin ATP 2021: local fields and discoveries ATP 2021 surrounded by commercial gas and oil fields – Cumulative gas prod of ~600Bcf within 20km of permit boundary For personal use only McLeod-1 Interpreted Gas Pay Leads Charal-1 Basin centred gas target Warnie-1 Interpreted Gas Pay Kinta-1 (20
Slide 11: Cooper Basin ATP 2021
Cooper Basin ATP 2021 A Cooper Basin discovery in 2019 will leverage high gas prices in eastern states For personal use only 2 sizeable drill ready gas prospects – one planned to be drilled in 2nd half 2019 A A’ Exploration Key Data Country Australia Basin Cooper/Eromanga Licence ATP 2021 Well Odin
Slide 12: Cooper Basin ATP 2020: local fields and discoveries
Cooper Basin ATP 2020: local fields and discoveries Oil and gas fields/discoveries/shows to west, north and east - pipeline across block For personal use only Tamarama 1: Cocos 1: Basin centred gas discovery Flowed Gas on test Recovered gas on test. Mt Howitt: Whanto Gas Field Cum Gas: ~1.4 Bcf Cum.
Slide 13: Cooper Basin ATP 2020
Cooper Basin ATP 2020 Multiple exploration targets with oil and gas potential - Close to existing infrastructure For personal use only Exploration Key Data Country Australia Independent 4 way dip Basin Cooper/Eromanga closure P90 Licence ATP 2020 P50 Well Loki Lead Licence Entry QLD Government Gazet
Slide 14: Cooper Basin PRL
Cooper Basin PRL 237 Exploration well drilled in October 2017 – no significant hydrocarbons intersected For personal use only In 1Q 2018, JV elected to retain prospective eastern portion of the Frey-1 JV area, adjacent to Padulla oil field Exploration Key Data Country Australia Basin Cooper/Eromanga
Slide 15: 2018/2019 Indicative Timeline
2018/2019 Indicative Timeline Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 For personal use only Discovery?...book reserves BYE BIV PEAK Weiss-Adler Sign condensate & Produce gas and condensate (Gas/Cond) USA GOM et al-1 Drilling gas sales contracts Run completion develop and tie-in Discovery?...
Slide 16: Conclusions - Upcoming Investment Highlights
Conclusions - Upcoming Investment Highlights Near term operational, corporate and macro news flows will provide a number For personal use only of share price catalysts 10% MEL owned-currently drilling and anticipate at total depth in Weiss Adler et al -1 Q4 2018 USA GOM Exploration Well If success p
Slide 17: Disclaimer
Disclaimer ▪ This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco) which is current only at the date of this presentation. No representation, express or implied, is made as to the fairness, accuracy, completenes