Galilee Energy Limited · ASX:GLL
Galilee Energy — Investor Presentation (August 2014)
19 slides from Galilee Energy's investor presentation, Aug 19, 2014
Slide 1: Investor Presentation - Delivering on Strategy
Investor Presentation August 2014 For personal use only Delivering on Strategy Peter Lansom - Managing Director Paul Bilston - Executive Director
Slide 2: A well funded growth story
A well funded growth story For personal use only • Near term drilling on a targeted portfolio of assets • A proven team delivering in-house expertise, strongly aligned to shareholders • Project pipeline and all current activities fully funded – cash of $25.7m • Share price offers a discount to cash
Slide 3: Company overview
Company overview For personal use only Market overview (15 August 2014) Substantial Shareholders (15 August 2014) No of shares % ASX code GLL Market capitalisation $20.5m Top 20 holders 83,146,335 54.65% Shares on issue 152.1m Directors & Management 9,468,663 6.22% Unlisted options 1.6m Closing shar
Slide 4: Experienced oil and gas team
Experienced oil and gas team For personal use only Board and Management Dr. David King Peter Lansom Ray Shorrocks Paul Bilston Non-Executive Chairman Managing Director Non-Executive Director Executive Director PhD, MSc, B.E. Petroleum (Hons) B.E. (Mech), PhD FAusIMM, FAICD. 40+ years experience in n
Slide 5: Corporate direction
Corporate direction For personal use only Clear strategy to grow shareholder value and the capacity to execute Maximise the value of the foundation asset – ATP 529. Demonstrate commercial gas flow and book reserves Three Develop a sustainable foundation by building a solid part production base. Deli
Slide 6: Delivering on strategy
Delivering on strategy For personal use only Galilee is building a diversified global portfolio Building a production base: • Shallow oil in Illinois • Significant interest in a high impact onshore gulf coast well, Texas • Shallow oil and gas in Kansas Building a broader exploration portfolio: • CSG
Slide 7: Chile
Chile For personal use only • Partnered with ENAP – Chile’s state owned oil and gas company • Initial MOU to carry out a study into coal seam gas potential in Magallanes Basin • Study area of approximately 1.8 Million acres • Conoco Phillips recently announced they will partner with ENAP to look at
Slide 8: The Chilean gas equation
The Chilean gas equation For personal use only • Argentina significantly curtailed gas supplies in 2004 • Chile now imports ~ 80% of its natural gas and has been forced to substitute with more expensive fuel • Chile has already built two pacific coast LNG import terminals, and has announced a third
Slide 9: Coal seam gas in Magallanes Basin
Coal seam gas in Magallanes Basin For personal use only • Close to existing markets and extensive pipeline and other infrastructure • Well established hydrocarbons province with activity including international majors and mid-tiers e.g. Geopark • Eocene-Oligocene Loreto formation with extensive coal
Slide 10: Shallow oil in Illinois
Shallow oil in Illinois For personal use only • JV with proven US oil and gas professionals (Gruy LLC) • Multi-horizon - high return, shallow oil prospects • Shallow targets • Low cost wells with average dry hole costs of US $200,000 • Illinois Basin • Shallow, intracratonic basin • Already yielded
Slide 11: Shallow oil in Illinois
Shallow oil in Illinois For personal use only Shallow Oil in Illinois 11
Slide 12: Texas: onshore Gulf Coast
Texas: onshore Gulf Coast For personal use only • Participation agreement covering ~65,000 acres in Lavaca County, onshore Texas Gulf Coast • Primarily focused around two existing large 3D seismic datasets • Partnered with highly regarded Calex Resources Inc and Gruy LLC • Extensive history with Lav
Slide 13: Hoffer B – Lavaca County
Hoffer B – Lavaca County For personal use only • Significant participation in a high impact exploration play • 35% WI before payout (28% after payout) • Equal terms with all other JV partners in drilling costs • Large ~ 900 acre 3D defined “umbrella structure” in Lower Wilcox, structural closure, wi
Slide 14: Southern Kansas
Southern Kansas For personal use only • 345,000 acre AMI in lightly explored area • Galilee to progressively earn up to 75% WI in select leases from within existing 110,000 acre position • Growing play in Kansas utilising 3D seismic to map subtle structures, stratigraphic anomolies and faults missed
Slide 15: Southern Kansas
Southern Kansas For personal use only AMI area is surrounded by strong production. Meade and adjacent counties have produced 185 MMBbl of oil and 5.5 Tcf of gas. Fields have production from multiple zones. 15
Slide 16: Galilee Basin CSG – ATP529P
Galilee Basin CSG – ATP529P For personal use only • Galilee has evaluated and developed a revised completion methodology which it believes presents a strong possibility of finally proving commerciality of coal seam gas in the Galilee Basin • Discussions with the joint venture partner, AGL, are ongoi
Slide 17: Glenaras pilot – completion design
Glenaras pilot – completion design For personal use only Current Planned Existing pilots have consistently applied multi- • Proposing a completion of the coal only stage fracture stimulations • Simple design and significant reduction in cost These have been considered necessary for • Coal permea
Slide 18: In summary…
In summary… For personal use only • Galilee has ~$25.7m* of cash at hand and is fully funded across all Strong upcoming exploration activity Balance Sheet • As a well funded junior with in-house technical and evaluation expertise, Galilee continues to enjoy access to excellent deal flow and has been
Slide 19: Disclaimer
Disclaimer For personal use only • This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables an