Metgasco Ltd · ASX:MEL

Metgasco — Rodman & Renshaw Conference 2010

19 slides from Metgasco's conference presentation, Sep 16, 2010

  1. Slide 1: Presentation to Rodman & Renshaw Conference

    For personal use only Presentation to Rodman & Renshaw Conference David Johnson – Managing Director September 2010

  2. Slide 2: Disclaimer

    Disclaimer For personal use only This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco). No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information con

  3. Slide 3: Metgasco overview

    Metgasco overview  Onshore oil and gas exploration close to For personal use only markets on east coast of Australia  Shares on issue – 252 million (approximately)  Options on issue - 9 million (approximately)  Included in ASX All Ordinaries Index  Market capitalisation - A$128 million @$0.51 (

  4. Slide 4: Metgasco overview - board and management

    Metgasco overview - board and management Board Management & Technical Team For personal use only NICK HEATH Chairman MICK O’BRIEN Chief Operating Officer Chemical engineer with over 35 years experience in Over 30 years experience in senior engineering Australian and international energy markets. rol

  5. Slide 5: Metgasco overview - location and acreage

    Metgasco overview location and acreage For personal use only  Clarence Moreton is southern continuation of the Surat basin in Queensland  Leader in the Clarence Moreton Basin in NSW with dominant acreage position  Basin wide holdings provide unrivalled technical insight  100% ownership and opera

  6. Slide 6: Clarence Moreton Basin

    Clarence Moreton Basin For personal use only Coal Seam Gas Tight Gas Tight Gas Tight Gas Conventional Gas 6 More Gas !

  7. Slide 7: Reservoirs

    Coal Seam Gas Reservoirs Walloon Coal Measures For personal use only Primary Reservoirs “Richmond” coal seam Average coal thickness : 5.5m Depth range : 130m - 653m (s.s) Gas content : 13.6m³/t (daf) Saturation : 100% Current Certified Resource (3P/2C) : 670 Bcf Trial Production method : Lateral, “R

  8. Slide 8: Development of Reserves

    Development of Coal Seam Gas Reserves 3000 For personal use only 2500 2000 Consistent and steady Bcf buildup of reserves associated with core 1500 drilling and testing 2,153 1000 1,479 1,336 1,084 500 381 287 21 238 3 3 0 2007 2008 2009 2010 1P 2P 3P Reserves have been certified by Mr Tim Hower of M

  9. Slide 9: Resources

    Coal Seam Gas Resources For personal use only  PEL 16 (commenced CSG 2004) PEL 16  2P Reserves : 381 Bcf  3P Reserves : 2,153 Bcf  2C Resources : 1,132 Bcf PEL 13  (Independent certification)  PEL 13 (commenced CSG 2007)  2C Estimate 11,000 Bcf (Internal estimate)  PEL 426 (commenced CSG 200

  10. Slide 10: Trial production: Richmond Reservoir

    Coal Seam Gas trial production : “Richmond Reservoir” For personal use only Eden Creek Trial Production well CP-11 Drilled January 2008 Design : Single leg lateral In seam length : 680m 10

  11. Slide 11: Trial production: Richmond Seam Reservoir

    Coal Seam Gas trial production : Richmond Seam Reservoir 1000 For personal use only CP-11 Production Profile  > 2 years of production history  Initial 1P certification 2.7PJ 100  Recovery now greater than 0.1Bcf, no decline  Gas composition still +97% CH4  Only modest water make, 10 suitable wa

  12. Slide 12: Coal seam gas trial production

    Coal seam gas trial production For personal use only Coal seam gas wells drilled over 100 km distance– all producing gas 12

  13. Slide 13: Conventional/Tight Gas

    Conventional/ Tight Gas Reservoirs 2009 1985 1965 For personal use only  The Clarence Moreton Basin is highly prospective for large tight gas reservoirs  Prior to Metgasco Kingfisher E1, In central basin high trend last well was Rappville (1985). Significant because;  Prior to tight gas era  old

  14. Slide 14: Kingfisher – our first conventional discovery

    Kingfisher – our first conventional discovery For personal use only  Kingfisher E-1 gas discovery  Drilled to Total Depth of 2,090 metres  Large gas column of 138 metres with 30 metres of net pay  Bottom zone was best performer on test  2,050-2,043.7m  2.97 million scfd through a 1” choke over

  15. Slide 15: Kingfisher E1 flow testing

    Kingfisher E1 flow testing For personal use only 15

  16. Slide 16: Conventional/Tight Gas Resources

    Conventional/Tight Gas Resources For personal use only  PEL 16  Kingfisher 2C (Pmean) 77 Bcf  Kingfisher 2C (P10) 284 Bcf  7 other Prospects & Leads  Total Pre drill OGIP (Pmean) 391 Bcf  Total Pre drill OGIP (P10) 4,360 Bcf  PEL 13  5 Prospects and Leads  Total Pre drill OGIP (Pmean) 299 B

  17. Slide 17: Multiple development pathways – gas or power

    Multiple development pathways – gas or power For personal use only 700 1x 3.5 Mtpa NSW Electricity LNG Plant Market with 600 Carbon price or direct policy Distance to Market (Km) 500 action Power 400 Brisbane 300 Gas Load Mini200 LNG Nth NSW 100 Electricity ad NRPS RVPS 0 Export LNG 0 100 200 300 40

  18. Slide 18: Development pathways

    Development pathways  Infrastructure to support production  gas as gas For personal use only  gas as electricity  East coast existing & emerging markets  Northern NSW electricity market (16 PJ/a)  Brisbane gas market (60 PJ/a)  NSW electricity demand (290 PJ/a)  Single 3mtpa LNG plant (180 P

  19. Slide 19: In Summary

    In Summary  Basin focused player with a large For personal use only attractive acreage position  Identified and growing CSG resources  Newly discovered conventional resources with substantial upside potential  Strategic location in a growing market  Sound commercial development program  Solid

Metgasco — Rodman & Renshaw Conference 2010 on 6ix