Metgasco Ltd · ASX:MEL

Metgasco — Investor Presentation (June 2024)

14 slides from Metgasco's investor presentation, Jun 11, 2024

  1. Slide 1: Odin-2 Appraisal Well Success to boost gas production and cash flow generation

    Odin-2 Appraisal Well Success to boost gas production and cash flow generation Odin Field First Gas 14 September CY23 from Odin-1 Vali Field First Gas 21 February CY23 from Vali-1 Shareholder Webinar 11 June 2024

  2. Slide 2: Important Notice and Disclaimer

    Important Notice and Disclaimer This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco) which is current only at the date of this presentation. No representation, express or implied, is made as to the fairness, ac

  3. Slide 3: Odin-2 Appraisal Drilling - Logging Results

    Odin-2 Appraisal Drilling - Logging Results Preliminary Logging results – 59m of Gas Net Pay*  Odin-2 Appraisal Well spud on 15th May  Well successfully drilled cased and suspended  Gas pay encountered in all primary target reservoirs  Preliminary Log Formation Depths and Net Pay results*  Tool

  4. Slide 4: Upscaling Odin Gas Field Production

    Upscaling Odin Gas Field Production Odin-2 Appraisal tie-in to significantly increase gas production Odin Field Overview  2C gas: 39 .7PJ (gross; Metgasco share ~9.55PJ) *  Connected to Moomba via Vali-Beckler pipeline  Contracted to supply gas to Pelican Point Power (JV of ENGIE 72% and Mitsui 2

  5. Slide 5: Capital Raising - SPP Open to Monday 17 June

    Capital Raising -SPP Open to Monday 17 June ASX: MEL 5

  6. Slide 6: Cooper Basin Expansion – Hub & Spoke Strategy

    Cooper Basin Expansion – Hub & Spoke Strategy  Hub and Spoke appraisal strategy to build production revenue and shareholder value  Cooper Basin: ATP 2021 and PRL 211 – Odin and Vali Field generating solid revenue – circa $1.25M net sales revenue and profit of $269.9K in first half FY24*  Allows l

  7. Slide 7: Gas Contract Overview

    Gas Contract Overview  ENGIE foundation customer for Odin Gas and AGL for Vali gas  Uncontracted gas from Jan 2027 connected to, or close to, existing infrastructure  Metgasco exempt from the $12/gj price cap Odin Gas Supply Contract ODIN - 2C GROSS CONTINGENT Odin GSA with ENGIE RESOURCES* (MEL

  8. Slide 8: Southern State Gas Market Fundamentals

    Southern State Gas Market Fundamentals  Gas Prices are attractive and supply shortfalls are forecast to grow Gas commodity prices for 2024 supply to southern states* Southern states forecast gas production and demand 2025-2035* * Source ACCC Gas Inquiry 2017-2030 December Report ASX: MEL 8

  9. Slide 9: Southern Flank Location and Growth Opportunity

    Southern Flank Location and Growth Opportunity Proven gas province between highly productive regions in SA and Queensland  Lightly explored and developed region between Ballera gas plant(Queensland) and Dullingari satellite (South Australia)  Connected to Moomba gas plant by ATP2021 JV pipeline an

  10. Slide 10: Metgasco fields on production in the Southern Flank

    Metgasco fields on production in the Southern Flank Established production via Santos and Vali/Odin pipeline connection to Moomba Overview Overview  Vali/Odin facilities connected to SACB Network and  Vali 1/2/3 and Odin-1 gas discoveries 2020 and Moomba processing plant 2021  Santos-operated gas

  11. Slide 11: ATP2021 Vali Gas Field

    ATP2021 Vali Gas Field Appraisal by Production. Supplying Gas to AGL Overview  Commenced supply from Vali-1 in Feb 2023  End FY23 total 2P Vali field ( sales gas+ ethane) gross reserves 97.4PJ ( MEL share 23.375PJ*)  3 wells completed and connected to Moomba system, commenced supply to AGL via Va

  12. Slide 12: ATP2021 – Opportunity for Commercial Oil Discoveries

    ATP2021 – Opportunity for Commercial Oil Discoveries Drill Ready Prospects and leads …up to 20 closures mapped in ATP2021  Highly prospective area for oil  ~11 MMbbls of oil production at Dullingari  Oil production from the Roseneath field to the south  Oil recovery from well to east (Orientos-

  13. Slide 13: Metgasco – Key Reasons to Invest

    Metgasco – Key Reasons to Invest Gas Production Hub in place. Increase production and cash revenue via rapid tie-in of successful Odin-2 well. Future gas appraisal wells to be predominately funded via revenue Immediate revenue  2x-3x uplift in Odin gas production impact  Gas supply into high Margi

  14. Slide 14: Resource Notes & Glossary

    Resource Notes & Glossary Resource Notes & Glossary The contingent resource volumes for the Odin were independently certified by ERCE Equipoise (ERCE) reference Metgasco ASX release 17 September 2021 and updated for increasing interest to 25% on 29 March 2022.The Vali gas reserves shown in this pres

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