Galilee Energy Limited · ASX:GLL
Galilee Energy — Non-Deal Roadshow (June 2019)
20 slides from Galilee Energy's roadshow presentation, Jun 19, 2019
Slide 1: Non-Deal Investor Roadshow Presentation
For personal use only Non-Deal Investor Roadshow Presentation June 2019 ASX: GLL
Slide 2: Corporate
For personal use only CORPORATE
Slide 3: Corporate snapshot
Corporate snapshot For personal use only Financial information Top 5 shareholders Share price (14 June 19) A$0.70 (as at 11 June 2019) Number of shares 226M JP Morgan 12.0% Ecarlate Pty Ltd 8.5% Market capitalisation A$158M Carpe Diem Asset Management 6.7% Cash (31 March 19) A$17M HSBC 6.4% Citicorp
Slide 4: Company Overview
Company Overview Location of Galilee Energy’s Projects For personal use only ▪ Brisbane based gas explorer (ASX:GLL). ▪ 100% owner of one of the largest Contingent Gas Resources in Queensland (excluding the big 3 LNG exporters). ▪ Management team has a proven track record of top tier coal seam gas a
Slide 5: Australian East Coast Gas Dynamics
Australian East Coast Gas Dynamics • Structurally short gas market and gas prices aligning For personal use only Australian east coast gas thematic continues to be a powerful story for Galilee. with international LNG prices • East coast gas market was transformed with the advent of the three LNG pro
Slide 6: Glenaras Gas Project
For personal use only GLENARAS GAS PROJECT
Slide 7: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset Betts Creek Depth Structure Map For personal use only ▪ The Glenaras Gas Project is a mature exploration project with over $90 million spent to date. ▪ The resource is clearly defined with over 20 exploration wells, 700km of seismic and two multi well pilots. ▪ Impor
Slide 8: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset For personal use only ▪ Flat, open grazing country with large scale holdings of 50,000+ acres. ▪ Expected low field development cost: – No fracture stimulation required. – Low salinity water requiring minimal treatment cost. ▪ Strong stakeholder relationships: – Comm
Slide 9: Glenaras Gas Project – CSG Properties
Glenaras Gas Project – CSG Properties For personal use only ▪ Successful CSG projects require three key parameters: – Resource concentration (thickness, gas content) ✓ – Productivity (thickness, permeability) ✓ – Pressure drawdown in the coal (well design) ? R1 ▪ Resource concentration and coal prod
Slide 10: Glenaras Gas Project – Enhanced Pilot
Glenaras Gas Project – Enhanced Pilot For personal use only HIGH PRODUCTIVITY AND PRESSURE DRAWDOWN A STRONG INDICATOR FOR ROBUST FIELD DEVELOPMENT ECONOMICS • Outstanding delivery of the three well lateral programme, delivered safely, on schedule and within budget. • New design is aimed to greatly
Slide 11: Future exploration potential
Future exploration potential For personal use only Exploration ▪ Important to appreciate the scale of the permit Areas area, over 80 km north to south and 70km east Glenaras Pilot Area to west. ▪ The majority of the permit area has Contingent Resources coverage. More than 16 Petroleum Lease applicat
Slide 12: Jemena MOU – Clear Path to Market
Jemena MOU – Clear Path to Market For personal use only ▪ Jemena and Galilee have signed a binding MOU to fast- track a pipeline from Glenaras to the east coast market. This provides a clear, large scale path to market for this important asset. ▪ Galilee are in discussion with a number of gas custom
Slide 13: Surat Gas Project
For personal use only SURAT GAS PROJECT
Slide 14: Surat Basin – ATP 2043
Surat Basin – ATP 2043 For personal use only • 384km2 of high-value exploration acreage, strategically located over the Surat and Bowen basins. • Close proximity to top tier production assets including: • Adjacent to Undulla Nose and eastern Surat Walloon CSG fields. • On trend with the Moonie oil f
Slide 15: Surat Basin – ATP 2043
Surat Basin – ATP 2043 For personal use only • Highly prospective for both unconventional coal seam gas and conventional oil and gas. • Firmly located within the world-class Walloon coal seam gas fairway of the Surat Basin. • Prominently positioned on the oil and gas prone eastern flank of the Taroo
Slide 16: Summary
Summary ▪ Galilee focusing on high growth east coast gas business: For personal use only – Glenaras Gas Project substantially de-risked. – Strong water rates and drawdown augur well for project development economics. – One of the largest Contingent Gas Resources in Queensland. – MOU - Targeting maid
Slide 17: Disclaimer
Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and
Slide 18: Appendix: Experienced Board and Management Team
For personal use only Appendix MOU - Galilee Energy Experienced Board and Management Team
Slide 19: Experienced oil and gas team – Board
Experienced oil and gas team For personal use only Board Dr. David King Stephen Kelemen Peter Lansom Ray Shorrocks Managing Director Non-Executive Chairman Non-Executive Director Non-executive Director PhD, MSc, B.E. Petroleum (Hons) B.A. History/Philosophy (Hons), B.E. Mechanical M.B.A. Finance FAu
Slide 20: Experienced oil and gas team – Management
Experienced oil and gas team For personal use only Management Gerard Ryan Jamie Doyle Milton Cooper Peter Lansom Chief Financial Officer Managing Director General Manager Operations Exploration Manager Operations B.A. Accountancy FCPA B.E. Petroleum (Hons) B.App.Science (Hons 1st Class) B.E. (Mech.)