Comet Ridge Ltd · ASX:COI
Comet Ridge — Shareholder Meeting (November 2024)
13 slides from Comet Ridge's shareholder meeting presentation, Nov 25, 2024
Slide 1: 2024 Annual General Meeting
2024 Annual General Meeting Presentation by: For personal use only Tor McCaul, Managing Director 25 November 2024
Slide 2: Important notice and disclaimer
COMET RIDGE | A compelling east coast gas play Important notice and disclaimer For personal use only Disclaimer Future performance This presentation (Presentation) has been prepared by Comet Ridge Limited (ABN 47 106 092 577) (Comet This Presentation contains certain “forward-looking statements”. Fo
Slide 3: Bringing new energy to Australia's east coast gas market
COMET RIDGE | A compelling east coast gas play Bringing new energy to Australia’s east coast gas market For personal use only Large 2P & 2C Demonstrated Mahalo JV is Additional 100% held Reserve and productivity from development ready acreage at Mahalo Resource position, three successful with key up
Slide 4: Mahalo Gas Hub: Large gas development close to QGP and GLNG pipelines
COMET RIDGE | A compelling east coast gas play For personal use only Mahalo Gas Hub: Large gas development close to QGP (domestic) and GLNG (export) pipelines Page 4
Slide 5: Mahalo Gas Hub: Material Certified Gas Reserves and Resources
COMET RIDGE | A compelling east coast gas play Mahalo Gas Hub: Material Certified Gas Reserves and Resources Net 2P + 2C of 406 PJ; 3P + 3C of 827 PJ Net For personal use only Mahalo Gas Hub COI Net Reserves* Contingent Area permits interest (PJ) Resources* (PJ) km2 % 2P 3P 2C 3C Mahalo JV project (
Slide 6: Three successful lateral pilots have demonstrated Mahalo Gas Hub productivity
COMET RIDGE | A compelling east coast gas play Three successful lateral pilots have demonstrated Mahalo Gas Hub fairway productivity and commerciality Gas Rate Project Achieved For personal use only 0.43 MMcfd Mahalo JV 1.44 MMcfd Mahalo JV 1.75 MMcfd Mahalo North (100% COI) Page 6
Slide 7: Mahalo area progressing to be a major east coast hub
COMET RIDGE | A compelling east coast gas play Mahalo area progressing to be a major east coast hub – proven gas rates close to infrastructure in the east coast market • High productivity shallow reservoir - lower capex and lower cost gas • Proven production from three lateral pilots throughout the
Slide 8: Mahalo Gas Hub – status of key projects
COMET RIDGE | A compelling east coast gas play Mahalo Gas Hub – status of key projects Development can move forward over a very wide area, in phases, with further gas upside to the south and northeast For personal use only Mahalo Joint Venture Mahalo North Mahalo East (COI 57.14%; STO 42.86% and Ope
Slide 9: Comet Ridge: key messages
COMET RIDGE | A compelling east coast gas play Comet Ridge: key messages For personal use only The role of natural gas in East coast energy market Comet Ridge Mahalo Gas Status of approvals and Australia is strained Hub, near Gladstone development funding and building Page 9
Slide 10: Corporate overview
COMET RIDGE | A compelling east coast gas play Corporate overview Share price Market capitalisation COI Share Price and Volume - last 12 months $0.25 10.0m $0.165 $183m For personal use only $0.20 8.0m 22 November 2024 Shares on issue Warrants 1,110m 62.1m* $0.15 6.0m Avg. exercise price 15.3c $0.10
Slide 11: Appendices
For personal use only Appendices
Slide 12: Current Reserves and Resources Statement (ASX Listing Rule 5.44)
COMET RIDGE | A compelling east coast gas play Current Reserves and Resources Statement (ASX Listing Rule 5.44) Comet Ridge Limited – Net Recoverable Reserves and Resources For personal use only Basin Project / Permit COI Reserves (PJ) Contingent Resources (PJ Interest 1P 2P 3P 1C 2C 3C Southern Bow
Slide 13: ASX Listing Rule 5.44 disclosure
COMET RIDGE | A compelling east coast gas play ASX Listing Rule 5.44 disclosure Competent Person Statement and ASX Listing Rules Chapter 5 - Reporting on Oil and Gas Activities The estimate of Reserves and Contingent Resources for the Mahalo Gas Project provided in this Presentation, The Contingent