Galilee Energy Limited · ASX:GLL
Galilee Energy — Investor Presentation (May 2022)
20 slides from Galilee Energy's investor presentation, May 2022
Slide 1: Galilee Energy Investor Update
Galilee Energy Investor Update May 2022 ASX: GLL
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer Future performance This presentation (Presentation) has been prepared by Galilee Energy Limited (ABN11 064 957 This Presentation contains certain “forward-looking statements”. Forward looking words such as, 419) (Galilee Energy or the Company). The Presenta
Slide 3: Galilee at a glance
Galilee at a glance Corporate Snapshot Share Price No of Shares $0.36 As at 29 Apr, 2022 339M GLL Share Price & Volume – 12 months Market Cap Cash (31 Mar 22) $122M $17M Debt Nil Directors Ray Shorrocks Stephen Kelemen Non-Executive Chairman Non-Executive Director David Casey Gordon Grieve Managing
Slide 4: Investment highlights
Investment highlights Glenaras is one of the largest remaining uncontracted east coast gas… resources Pathway to Multi-TCF Gas • Updated strategy to facilitate transformational value uplift and progress Galilee towards becoming a multi-TCF gas development company. Development • New 5-well drill prog
Slide 5: The Prize…
The Prize… Building a Multi-TCF Fully Integrated Energy Company 5
Slide 6: Work programme for CY2022
Work programme for CY2022 Capitalising on over $100m of previous exploration and appraisal expenditure Objectives • To accelerate depressurisation of the Betts Creek coals and adjacent sands to initiate gas desorption and achieve commercial gas production in support of a material maiden reserves boo
Slide 7: The Challenge…
The Challenge… Commercial gas production while transforming water into value adding profitable commodity 7
Slide 8: New wells will enable critical desorption
New wells will enable critical desorption Strategically locating new wells will achieve required pressure reduction… • New modelling undertaken by Schlumberger taking into account the southwestern permeability conduit fault zone has confirmed that the significant pressure sink already created, can b
Slide 9: Reservoir Pressure
High water production rates are now a positive Regional pressure monitoring proves water-bearing sands are being overcome despite fault connectivity to coals… GA10L & 12L shut-in to drill Rodney Creek 8 Reservoir Pressure new laterals Glenaras Multi-Lateral GA14L, 15L & 16L Trend Pilot Pressure Sink
Slide 10: Water is an extremely valuable commodity
Water is an extremely valuable commodity Because the water is essentially fresh high water production rates are offset by beneficial outcomes associated with irrigation and other “green” initiatives • Agreement to expand farming and irrigation area with landowners • Additional 50 ha of land to be cl
Slide 11: The Programme…
The Programme… 2022 Drilling Underway 11
Slide 12: Project Update
Project Update First well drilled on time and on budget despite unseasonal weather • Drilled to a total depth of 1,057m without issues, despite partial pressure depletion • 26m of gassy net coal • Fluid losses of 3+ bbl/hr are indicative of a permeable and pressure depleted reservoir section confirm
Slide 13: The Market…
The Market… Gas is the transition fuel of choice 13
Slide 14: Australian East Coast Gas Dynamics
Australian East Coast Gas Dynamics • Increasing influence of global LNG prices on domestic gas prices. • Current Wallumbilla Qld daily price ~A$16/GJ – a large discount to LNG netback price. • Upwards pressure on east coast prices as Gladstone LNG producers divert gas into spot LNG cargoes rather th
Slide 15: Australian East Coast Gas Dynamics
Australian East Coast Gas Dynamics Gas project fits in ESG investing, says Global Infrastructure Partners Rob Stewart, managing partner at Global Infrastructure Partners Australia, insisted the (Pluto) project compared favourably with other gas projects that are needed to smooth the global energy tr
Slide 16: The Future…
The Future… Ideally placed to address any future emission challenges 16
Slide 17: Well positioned for the transition to a lower carbon future
Well positioned for the transition to a lower carbon future Assessing viability of mini MoU with Sunshot. solar farms for early Assessing carbon development activities capture and storage and hydrogen opportunities. Building quality Evaluating gas fired relationships with power station feeding commu
Slide 18: Appendices
i ae gw s a ppendices
Slide 19: Appendix – Competent Person Statement
Appendix 1 – Competent Person Statement + Competent Person Statement and ASX Listing Rules Chapter 5 - Reporting on Oil and Gas Activities The estimate of Contingent Resources for the Glenaras Gas Project provided in this presentation, is based on, and fairly represents, information and supporting d
Slide 20: Registered office and contact
REGISTERED OFFICE Level 6, 167 Eagle Street, Brisbane QLD 4000 GPO Box 1944 Phone: +61 7 3177 9970 Email: admin@galilee-energy.com.au galilee-energy.com.au 20