Metgasco Ltd · ASX:MEL
Metgasco — Good Oil Conference 2008
22 slides from Metgasco's conference presentation, Sep 3, 2008
Slide 1: Company Review
For personal use only Company Review Good Oil Conference September 2008
Slide 2: Disclaimer
Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with the oil and gas business. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables an
Slide 3: Presentation Guide
Presentation Guide For personal use only ► INTRODUCTION ► DESCRIPTION OF ACTIVITIES ► Location ► Conventional Hydrocarbons ► Coalseam Gas ► Project Development ► CORPORATE DETAILS ► SUMMARY 3
Slide 4: Introduction
Introduction For personal use only ► Metgasco is an ASX listed CSG and conventional oil and gas explorer & developer ► Identified CSG Reserves of in excess of 1.5 Tcf and growing ► Kingfisher Conventional Resource : 37Bcf (mid OGIP) Mackellar Prospect Resource Target : 410Bcf ► A significant underex
Slide 5: Location
Description of Activities - Location For personal use only ► Focus of activities is northern New South Wales ► Large land position of 6,000km2 ► PEL 16, 205,000 acres (96%) ► PEL 13, 408,000 acres (75% CSG, 50% conventional) ► PEL 426, 852,000 acres (50%) ► SE Qld and NE NSW are Australia’s fastest
Slide 6: Location: Clarence Moreton Basin
Description of Activities - Location For personal use only ► The Clarence Moreton Basin, one of the most underexplored basins on the east coast of Australia ► Triassic – Jurassic - Cretaceous rift basin. ► New data on basement depth & extent of basin ► In NSW covers approximately 16,000 km² with abo
Slide 7: Conventional Exploration
Description of Activities – Conventional Exploration For personal use only 7
Slide 8: Conventional Exploration: Kingfisher Field and Mackellar Prospect
Description of Activities – Conventional Exploration For personal use only Kingfisher Field Deterministic OGIP Range Low 12 bcf Mid 37 bcf High 70 bcf Mackellar Prospect Mackellar Prospect Resource Target 410 bcf Kingfisher Field Riflebird 14 8
Slide 9: Conventional Exploration: Gatton Depth Structure Map
Description of Activities – Conventional Exploration For personal use only Gatton Depth Structure Map RBE14 9
Slide 10: Kingfisher Field
Kingfisher Field For personal use only RBE1 4 LKG GWC? 10 Page 10 Gatton Depth Structure Map
Slide 11: Mackellar Prospect
Mackellar Prospect For personal use only Interpreted high-side (P10) trap area ~ 20 km 11 PageStructure Gatton Depth 11 Map
Slide 12: Conventional Exploration: Correlation of Riflebird E14 to Rappville 1
Description of Activities – Conventional Exploration For personal use only Correlation of Riflebird E14 to Rappville 1 Metgasco Ltd - Clarence Moreton Basin Rappville_1 Metgasco Ltd - Clarence Moreton Basin Riflebird-E14 Gamma Ray Deep Laterolog 3-5' Compensated Sonic Rappville_1 Gamma Ray Deep Late
Slide 13: Coalseam Gas: Evaluating the Walloon Coal Measures
Description of Activities – Coalseam Gas For personal use only ► Evaluating the Walloon Coal Measures ► High rank, high gas content, medium volatile bituminous coals, moderate to low permeability ► 20,000m of core drilling since January 2007 ► Drilling over only 300km² ► Data processing still underw
Slide 14: Coalseam Gas: 2P Reserves
Description of Activities – Coalseam Gas For personal use only 350 298 300 247 250 194 200 150 129 100 50 22 0 2P Reserves (PJ) 14
Slide 15: Coalseam Gas
Description of Activities – Coalseam Gas For personal use only 15
Slide 16: Coalseam Gas: Trial production program
Description of Activities – Coalseam Gas For personal use only ► Trial production program commenced December 2007 ► 6 Completed SIS Wells in area of over 120km² ► Use of Ensign ADR 100 technology ► 7 day wells >1000m in seam length achieveable ► Lead well currently producing between 150-180 Mcf/d an
Slide 17: Conventional Gas – Headline Numbers
Conventional Gas – Headline Numbers For personal use only 17
Slide 18: Project Development - RVPS
Description of Activities – Project Development - RVPS For personal use only ► 30MW gas fired power station located at Casino requiring ~2.5Pj/A ► Field development studies complete, EA lodged ► Power Station land requirements completed ► Connection studies completed ► PPA discussions to commence ►
Slide 19: Project Development – SJV/CIP
Description of Activities – Project Development – SJV/CIP For personal use only ► 15 PJ/A gas supply to CSE at Swanbank, Queensland ► Core drilling program completed ► 2P Reserve progress ► Additional 2P Reserves expected ► Pilot Production program evaluation ► Field development studies continuing ►
Slide 20: Corporate Details
For personal use only Listed ASX Code Market Cap Share Price (As at 28.07.08) Shareholders Shares on Issue Options on Issue MEL 2,150 $0.80 Dec 2004 18 million 133 million $106 million Corporate Details V o lu m e S h a re P ric e ($ ) 3/ 09 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 $0.00 $0
Slide 21: Corporate Details: Directors and Management
Corporate Details For personal use only Directors Management ► Dr Peter Power – Chairman ► Kevin Dixon – General Manager Gas Marketing Former Managing Director of Ampolex. Past Chairman of Former Head of Strategy for Australian Pipelines APPEA. Past President of Australian Geoscience Council Trust,
Slide 22: In Summary…
In Summary… For personal use only ► Metgasco holds the largest certified gas reserves in NSW ► Exploration is now beginning to reveal additional conventional gas resources ► A mix of both conventional gas and CSM resources is a strong value proposition ► Access to energy resources is key; MEL is clo