Comet Ridge Ltd · ASX:COI
Comet Ridge — Investor Presentation (June 2006)
16 slides from Comet Ridge's investor presentation, June 2006
Slide 1: Investor Update June, 2006
Investor Update June, 2006 ASX Code: COI Investor Update June, 06
Slide 2: Summary
Summary • Shareholders highly leveraged to success • 4 “company maker” projects • 9 wells planned for 2006 • ~475,000 net acres under lease or option • Management team in place • Significant capacity for further growth • AUD$4.2 million cash • Market cap of $23 MM ASX Code: COI Investor Update June,
Slide 3: Strategy
Strategy • Generate and secure projects offering significant upside to shareholders • Balanced portfolio – oil & gas, conventional and unconventional reservoirs • “Own the Play” and operate where feasible • Maintain significant interests • Current US focus due to superior economics • Experienced peo
Slide 4: Screening Parameters
Screening Parameters • Overlooked areas: – Low levels of activity – Must have a proven hydrocarbon system – Must have infrastructure • Control large acreage positions – Low cost of entry • Technology application ASX Code: COI Investor Update June, 06
Slide 5: Company Information
Company Information TopTop 5 Shareholders 5 shareholders Holder % Strike Oil 8.9 ANZ Nominees 6.4 Gill Swaby 3.8 JP Morgan Nominees 3.5 S&Y Ashton 3.4 Total 25.9 Capital Structure ASX code: COI Listed: April 2004 Issued shares: 70.5 million Issued options: 8.6 million* Market cap: $23 million Cash:
Slide 6: Project Summary
Project Summary Last 12 mo. Comet IPO CometRidge RidgeLtd Ltd ASX: COI ASX: COI St. Helens Energy LLC Comet Ridge USA, Inc Comet Ridge Limited (Washington Company) (Delaware Company) Region Region Region Region Region Region Washington Rockies Australia Washington Rockies Australia Project Project P
Slide 7: US Project Areas
US Project Areas Grays Harbor Grays Harbor Cedar Creek & Cedar Creek & Vader Ryderwood Vader Ryderwood Tow Creek & Tow Creek & Bear River Bear River Comet Ridge & Strike Oil Rocky Mtn AMI ASX Code: COI Investor Update June, 06
Slide 8: Tow Creek – Bear River
Tow Creek – Bear River •• Routt RouttCounty, County,N.N.Colorado Colorado •• ~~11,000 11,000 acres underlease acres under 29 Bear BearRiver 28 27 26 25 30 29 28 lease River 27 26 •• Comet Comet Ridge 33 to 37.5%(Op) Ridge 33 to 37.5% (Op) •• 78%+ NRI leases 32 33 34 35 36 31 32 33 •• 78%+ NRI leases
Slide 9: Grays Harbor
Grays Harbor Seattle •• Western WesternWashington WashingtonState State •• Lightly Lightly explored provenoiloil&&gas explored proven gasbasin basin • Conventional oil and gas • Conventional oil and gas • 2 year 420,000 acre lease option • 2 year 420,000 acre lease option •• Comet CometRidge Ridge10
Slide 10: Cedar Creek
Cedar Creek Seattle 6 miles Pope PopeTalbot Talbot 15,000 15,000acres acres •• Southern Cedar SouthernWashington WashingtonState State CedarCreek CreekArea Area •• Lightly Lightly explored oil andgas explored oil and gasbearing bearingbasin basin •• Coal seam gas (like Powder River Basin) Coal seam
Slide 11: Australian Projects
Australian Projects Project Permit Target Equity Mahalo ATP 337P Coal seam gas 40% Tipton West ATP683P Coal seam gas 1.5% royalty ATP 689P Coal seam gas 1.5% royalty Galilee Basin ATP 743P (A) Coal seam gas 100% ATP 744P (A) Coal seam gas 100% Gunnedah Basin PEL 427 Conventional gas 25% PEL 428 Conv
Slide 12: Mahalo
Mahalo • Core project • Targeting Permian coals • Sits on key infrastructure • Earning 40% (non operator) • Gas resource: 180 – 990 BCF • Mahalo 2 to spud in July ASX Code: COI Investor Update June, 06
Slide 13: Team
Team N am e P o sitio n L o catio n A ndy Lydyard M anaging D irector D env er V ic P alanyk G eneral M anager B risbane G ary M abie M anager O perations D env er M ichael C uba M anager Land D env er Jim K nox C ontroller D env er V anessa Lintz G eologist D env er C heryl G reen O ffice A ssistan
Slide 14: Market Cap AUD$millions
ASX Code: COI Market Cap AUD$millions Pe ts Am ec 0 50 100 150 200 250 300 350 400 450 500 En ad er eu gy s M En ar er O io n gy rc En ha rd er Pe gy Sa tro lin le as um En G er ol gy Au de ro n ra G O at il & e Pl G a n as An et ta re G s as En er St g y Fi r ik rs e tA O us il tra Vi S l a m ia n
Slide 15: Value Proposition
Value Proposition • Leverage! $23 million market cap • Proven management team in place (US & Aust.) • 4 company maker projects • High equities in all projects • Operator of most projects • High level of activity in 2006 • Cash-flow and reserves this year • Significant reserve potential in proven oil
Slide 16: Contacts
Contacts DENVER OFFICE CORPORATE ADDRESS Contact: Andy Lydyard Address Level 9, Wesfarmers House Managing Director 40 The Esplanade Perth WA 6000 Address: 600, 17th Street, Suite 600-S Denver, CO 80202-5402 Telephone: +61 (0)8 6464 0499 Facsimile: +61 (0)8 6464 0498 Telephone: +1.303.226.1300 Websit