Galilee Energy Limited · ASX:GLL
Galilee Energy — Shareholder Meeting (November 2018)
14 slides from Galilee Energy's shareholder meeting presentation, Nov 28, 2018
Slide 1: Annual General Meeting 2018 Managing Director's Presentation
For personal use only Annual General Meeting 2018 Managing Director’s Presentation ASX: GLL
Slide 2: Company overview
Company overview For personal use only ▪ Brisbane based gas explorer (ASX:GLL). Location of Glenaras Gas Project (Galilee Basin) ▪ 100% owner of the 2nd largest Contingent Gas Resource in Queensland (excluding the big 3 LNG exporters). ▪ Management team has a proven track record of top tier coal sea
Slide 3: Corporate snapshot
Corporate snapshot For personal use only Financial information Top 5 shareholders Share price (23 November18) A$0.58 (as at 23 November 2018) Morgan Stanley 11.7% Number of shares 204M Ecarlate Pty Ltd 9.4% HSBC 4.0% Market capitalisation A$118M JP Morgan 2.9% Cash (30 September 18) A$7.5M Becamal P
Slide 4: Australian East Coast Gas Dynamics
Australian East Coast Gas Dynamics For personal use only • Australian east coast gas thematic continues to Domestic gas prices aligning with international be a powerful story for Galilee. LNG netback pricing • East coast market was transformed with the advent of the three LNG projects in Queensland
Slide 5: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset For personal use only ▪ The Glenaras Gas Project is a mature exploration project with over $90 million spent to date. ▪ The resource is clearly defined with over 20 exploration wells, 700km of seismic and two multi well pilots. ▪ Importantly, the existing assets incl
Slide 6: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset For personal use only ▪ Flat, open grazing country with large scale holdings of 50,000+ acres. ▪ Expected low field development cost: – No fraccing; – Low salinity water requiring minimal treatment cost. ▪ Strong stakeholder relationships: – Community consultation th
Slide 7: CSG properties
Glenaras Gas Project - CSG properties For personal use only ▪ Successful CSG projects require three key parameters: – Resource Concentration (thickness, gas content) ✓ – Productivity (thickness, permeability) ✓ – Pressure drawdown in the coal (well design) ? R1 ▪ Resource concentration and coal prod
Slide 8: Production Operations Status
Glenaras Gas Project – Production Operations Status For personal use only NEW MULTI-LATERAL PILOT IS THE PATH FORWARD TO FIRST RESERVES BOOKING ▪ Target good permeability coal in the near vicinity of the existing pilot. Allow use of existing key infrastructure; camp, pond, flare. ▪ Glenaras 10L and
Slide 9: Future exploration potential
Future exploration potential For personal use only Exploration ▪ Important to appreciate the scale of the permit areas area, over 80 km north to south and 70km east Glenaras Project area to west. ▪ The majority of the permit area has Contingent Resources coverage. More than 16 Petroleum Lease applic
Slide 10: Jemena MOU – Clear Path to Market
Jemena MOU – Clear Path to Market For personal use only ▪ Jemena and Galilee have signed a binding MOU to fast-track a pipeline from Glenaras to the east coast market. This provides a clear, large scale path to market for this important asset. ▪ Galilee are in discussion with a number of gas custome
Slide 11: Share price catalysts
Share price catalysts For personal use only ▪ Glenaras 10L and 12L continuing to perform strongly with excellent water rates. Gas production GLENARAS commenced with both wells flowing through separator at ~15-20 Mscfd. ▪ New transformer, VSD and larger pump now installed on Glenaras 12L. Both wells
Slide 12: 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 and
Slide 13: Appendix – Experienced Board and Management Team
For personal use only Appendix Galilee Energy – Experienced Board and Management Team
Slide 14: Experienced oil and gas team
Experienced oil and gas team For personal use only Board Dr. David King Peter Lansom Ray Shorrocks Stephen Kelemen Non-Executive Director Managing Director Non-Executive Chairman Non-executive Director PhD, MSc, B.E. Petroleum (Hons) B.A. History/Philosophy (Hons), B.E. Mechanical M.B.A. Finance FAu