State Gas Ltd. · ASX:GAS
State Gas — APPEA Conference 2022
15 slides from State Gas's conference presentation, May 18, 2022
Slide 1: Investor Update at APPEA Conference
Supplying East Coast Australia’s energy needs, sustainably and environmentally responsibly Investor Update at APPEA Conference May 2022 ASX:GAS
Slide 2: Disclaimer
Disclaimer Disclaimer Future Performance This presentation (Presentation) has been prepared by State Gas Limited (ACN 617 322 This Presentation contains certain “forward looking statements”. Forward-looking 488) (State Gas). The Presentation and information contained in it is being provided to state
Slide 3: Highlights
Highlights Long term high gas pricing Market signals are presenting the opportunity 2-stage plan for quick market access Reid’s Dome conventional gas Rolleston-West gas project Strategically located Close to infrastructure networks & Wallumbilla price hub Market optionality CSG & conventional gas, n
Slide 4: Gas Market Dynamics
Gas Market Dynamics Australian Gas Prices Rising Demand: Europe looking for non-Russian gas supply LNG Netback 2022 (Historic & Asian LNG demand strong Forward Price) Average $33.59 (as at 2 May 22) Support required for volatile renewables Long term requirement for gas for commercial & indus
Slide 5: Regional Demand Growth will be Long-term
Regional Demand Growth will be Long-term Asian demand growth to 2040 by source Asian spot purchases as % of imports Source: Shell LNG Outlook 2022 Will result in sustained export demand and price pressure 5
Slide 6: East Coast: Looming Mid-term Supply Shortages
East Coast: Looming Mid-term Supply Shortages ACCC Forecast Gas Supply and Demand, Southern States Big opportunities for new supplies Source: ACCC Gas Inquiry January 2022 Interim Report 6
Slide 7: Seizing the market window…
Seizing the market window… Target 2024 Growth to come Synergistic Development Optimised supply Reid’s Dome -a No domestic gas Rolleston-West Adjacent Projects strategic launch pad: reservations Aligned ownership Conventional gas across region CSG for regular pipeline quality 2 new land
Slide 8: Updated Project Areas
Updated Project Areas Reid’s Dome, Rolleston-West & New Blocks 2630 km2 of combined acreage PL 231 – 181 km2 ATP 2062 – 1414 km2 New blocks (Santos JV) – 1035 km2 Highly prospective Bowen Basin sequence Multiple conventional and unconventional targets No domestic gas reservation Qu
Slide 9: A Path to Rapid Development
A Path to Rapid Development Reid’s Dome conventional gas Pipeline quality gas, no produced water Compression & dehydration the only “processing” required Small-scale export pipeline Lower cost composite ~60km length Route through Rougemont area Near pipeline quality gas Enable early-s
Slide 10: The Path Forward
The Path Forward Confirm Pipeline • Confirm route • Design • Permit Confirm Rougemont • New horizontal well potential • Production test threshold reached Build, Operate, Sell 10
Slide 11: New Acreage Award
New Acreage Award State Gas & Santos QNT preferred tenderers State Gas 35%, Santos 65% & operator PLR2021-1-2 727 km2 Connecting State Gas’ Reid’s Dome & Santos interests to east PLR2021-1-3 308 km2 two export pipelines passing through Target: Bandanna coals – in production nearby
Slide 12: Supply-Demand & Indicative Timing
Supply-Demand & Indicative Timing ACCC Forecast Gas Supply and Demand, Southern States First Gas H2-21 H1-22Reid’sH2-22 Dome H1-23 H2-23 H1-24 H2-24 H1-25 H2-25 Confirm scope First Gas Rolleston-West Source: ACCC Gas Inquiry January 2022 Interim Report 12
Slide 13: Carbon Management Project
Carbon Management Project JV with minerals explorer Rockminsolutions Pty Ltd Buckland Basaltic Formation 70km2 area 200m-330m thick Investigating decarbonisation options: Advanced weathering Low carbon cementitious material In-situ carbon mineralisation (Carbfix process) Western ed
Slide 14: Executive Chairman quote on 3C resource and gas shortage
“With nearly 400 PJs of geographically blessed 3C Resource in a tight gas market, State Gas’ task is to convert that resource into reserves in time to address the upcoming national gas shortage." Richard Cottee Executive Chairman State Gas 14
Slide 15: Contact
Contact Level 8 46 Edward Street Brisbane QLD 4000 Australia Email info@stategas.com stategas.com