State Gas Ltd. · ASX:GAS
State Gas — Noosa Mining & Exploration Investor Conference 2021
13 slides from State Gas's conference presentation, Jul 16, 2021
Slide 1: The Right Place, The Right Time
The Right Place The Right Time Noosa Mining & Exploration Investor Conference 16 July 2021 ASX:GAS
Slide 2: Disclaimer
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 being provided to state
Slide 3: Highlights
Highlights 2-stage long term Reid’s Dome: East Coast gas project: A strategic launch pad shortages: ➢ Reid’s Dome providing long term Ripe for the plucking ➢ Rolleston-West infrastructure Gas marketing Strategically located - Rolleston-West: close to Next phase gas supply optionality: ➢ infrastructu
Slide 4: The East Gas Coast Market Dynamics
The East Gas Coast Market Dynamics Demand Supply Policy Impacts: Asia markets strong – Qld LNG exports Bass Strait in long term Federal Govt Gas led Recovery inc. 1. East Coast shortfalls decline increasing 600MW gas fired power Major LNG Projects station at Support required for cancelled /deferred
Slide 5: The East Coast Gas Market
The East Coast Gas Market ACCC Forecast Gas Supply and Demand, Southern States Source: ACCC Gas Inquiry January 2021 Interim Report 5
Slide 6: Seizing the market window…
Seizing the market window… Target 2023 Synergistic Growth to Come Developments Reid’s Dome a strategic Rolleston-West: Two 100% owned launch pad: ➢ Extensive area adjacent projects ➢ Confirming the scope ➢ Containing established gas ➢ Economies of scale ➢ Permitting Project & export producing format
Slide 7: Seizing the market window
Seizing the market window Supply Flexibility Strategic Location Optimised supply Location benefits: ➢ No domestic gas reservations ➢ Strategically close to ➢ CSG for regular demand - Wallumbilla pricing hub: ➢ Conventional gas to meet 200km volatility - Gladstone LNG: 290km ➢ Maximum contracting opt
Slide 8: Development Funding
Development Funding All Options Open: ➢ Presales of gas ➢ Facility rental ➢ Purchaser equity ➢ Purchaser debt ➢ Equipment supplier funding ➢ Debt ➢ Equity 8
Slide 9: Supply-Demand & Indicative Timing
Supply-Demand & Indicative Timing ACCC Forecast Gas Supply and Demand, Southern States H2-21 H1-22 First Gas H2-22 H1-23 H2-23 H2-24 H2-25 First Gas H1-24 H1-25 Reid’s Dome Rolleston-West Confirm scope Source: ACCC Gas Inquiry January 2021 Interim Report 9
Slide 10: Project Areas
Project Areas • Reid’s Dome & Rolleston-West • 1593 km2 of combined acreage • PL 231 – 180 km2 • ATP 2062 – 1414 km2 • Highly prospective Bowen Basin sequence • Multiple conventional and unconventional targets • No domestic gas reservation • Queensland Gas Pipeline network ➢ < 50km Reid’s Dome ➢ < 3
Slide 11: PL 231: a Strategic Launch Pad
PL 231: a Strategic Launch Pad Coal seam & Production tests of conventional wells establishing gas confirmed project parameters Rougemont coreholes Aldinga Serocold Planning for Project and Nyanda wells development export pipeline underway permitting commenced Development, Rolleston-West enables Ope
Slide 12: Rolleston-West: Optimising the Future
Rolleston-West: Optimising the Future ➢ ~570 km2 Bandanna Formation prospective – Analogous to Arcadia Valley* & Mahalo# ➢ Highly prospective conventional targets: – Results of Historical wells (pre-1992) – New conventional targets ➢ Rougemont-1 – 116 m core cut, 9 samples currently desorbing – Net
Slide 13: Contact
Contact Level 8 46 Edward Street Brisbane QLD 4000 Australia Email info@stategas.com stategas.com
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