Galilee Energy Limited · ASX:GLL
Galilee Energy — Shareholder Meeting (November 2010)
10 slides from Galilee Energy's shareholder meeting presentation, Nov 22, 2010
Slide 1: Annual General Meeting November 2010 – Shareholder Overview
For personal use only Annual General Meeting November 2010 Shareholder Overview Glenn Haworth – Chief Executive Officer 1
Slide 2: 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 3: Company Strategy
Company Strategy Create sustainable shareholder value For personal use only Long term: domestic gas supplier from the Galilee Basin Short term: Portfolio growth, funded by recent transactions Growth beyond the Galilee Basin Compelling partnerships Hydrocarbon energy company Establish early cash flow
Slide 4: Short Term Exploration Priorities
Short Term Exploration Priorities Galilee – towards maiden reserves For personal use only Galilee Resources Limited Two extensive exploration permits across 8,700 kms2 AGL Energy Limited 50% and Operator of ATP529P Encouraging exploration results suggest large resource potential of >20 TCF1 ga
Slide 5: Coal Seam Gas Drilling Activity
Coal Seam Gas Drilling Activity Galilee Energy has drilled over 50% of the basin CSG wells For personal use only Depth (m) Galilee Basin CSG Wells 1500 SKIFF 1 1400 SOLOMAN 1A DUNROSSIE 1 MT MYTH 1 CROSSMORE SOUTH 1 1300 BULLOCK 1KANAKADOTSWOOD 1 1 RODNEY CREEK 3 PENTLAND 1 PENNYCOED CREEK 1 FLEETWO
Slide 6: AGL Energy Farm-in to ATP 529P
AGL Energy Farm-in to ATP 529P Galilee Gas Project to deliver maiden reserves estimate $37m Farm-in achievements For personal use only Stage 1: Glenaras production pilot 350 ML holding pond Stage 2: 540 km 2D seismic acquisition 7 core well drilling program Reprocessed 3,300km legacy 2D se
Slide 7: ATP 799P – Encouraging resource potential
ATP 799P Encouraging resource potential GLL (Operator) 100% For personal use only $5.48 m raised in July 09 150 km 2D seismic complete 2 Core-holes complete Results Extensive Betts Creek & Aramac coal seams Large, thick, continuous coal seams Dunrossie-01 Fair to Good Permeability Betts Creek av
Slide 8: NZ Coal Business
NZ Coal Business Share Sale Agreement with Bathurst Resources Limited (ASX:BTU) Signed 14/11/10 For personal use only Consolidation of the Buller, Whareatea West and Cascade Projects Summary of key terms Headline Sale Price of $35 million in cash Conditional on regulatory approvals Cancellation of f
Slide 9: Way forward
Way forward Maiden reserve estimate and growth beyond the Galilee Basin For personal use only ATP 529P Deliver reserves to underpin GLL’s share price Demonstrate a gas market and a water management scheme ATP 799P Exploit IP from ATP529P in ATP799P General Seek growth opportunities beyond the Galile
Slide 10: For personal use only
soe — ~~. MBA 7 Schlumberger petroleum consultants an AWT Group Company 1 TERREX SEISMIC GALILEE ENERGY LIMITED