Metgasco Ltd · ASX:MEL

Metgasco — Shareholder Meeting (November 2014)

13 slides from Metgasco's shareholder meeting presentation, Nov 28, 2014

  1. Slide 1: Managing Director's Address

    For personal use only Managing Director’s Address Metgasco AGM 28 November 2014 Page 1

  2. Slide 2: Rehabilitation and PPLA 9

    Rehabilitation and PPLA 9  Rehabilitation For personal use only  All wells other than two CSG producers decommissioned and sites rehabilitated  Three water ponds decommissioned and sites rehabilitated  Three CSG water ponds handed back to landholders, CSG water to be used for stock watering  So

  3. Slide 3: Rosella exploration drilling frustrated by NSW Government

    Rosella exploration drilling frustrated by NSW Government  Plans to drill announced in September 2013 Casino For personal use only Rosella  Conventional and tight gas – not CSG  Test structure identified by the Kingfisher well (2009)  2Q 2014 drilling, subject to rig availability  Simple, verti

  4. Slide 4: Rosella site carefully considered

    Insignificant Rosella noise impacts site carefully considered For personal use only KYOGLE 30KM Closest home 1.4 km from drill site No noise affected residents LISMORE CASINO 15KM 14KM Careful planning and consultation with local council to ensure minimal impact on the community Page 4

  5. Slide 5: General Community Consultation Program

    General Community Consultation Program Three year general program: For personal use only  Presentations at public meetings  Regular dinner meetings with community leaders  Open days  Letters to landholders and general community  Videos – Switch and Fracknation – available at libraries  Website

  6. Slide 6: Community Consultation Program - Rosella

    Community Consultation Program- Rosella For personal use only Dual focus: • People living within 2 km of well:  Information provided directly  Opportunity to meet as a group or one-on-one with Metgasco • General community  Information handout  Briefings for local governments  Media interviews 

  7. Slide 7: Exploration licences and local communities

    Exploration licences and local communities Little or no gas prospectivity  Metgasco - the only active For personal use only explorer in the region over the last three years – most of our activity has been between Casino and Walloon Outcrop Kyogle  270,000 people live in broader Northern Rivers Reg

  8. Slide 8: Rosella well – protest action

    Rosella well – protest action  Protests experienced with early 2013 drilling  Police supported operation For personal use only  Protestors started assembling outside Rosella well site from January 2014  Repeated acts of intimidation, property damage and trespass through May:  Gates padlocked an

  9. Slide 9: Suspension of Rosella drilling approval

    Suspension of Rosella drilling approval  14 May; Rosella drilling approval suspended, only days before drilling rig due to arrive  For personal use only Justification: failure to comply with community consultation guideline – ”genuine and effective”.  No warning whatsoever – a complete surprise I

  10. Slide 10: Comparison with consultation guidelines - summary

    Comparison with consultation guidelines - summary Guideline element For personal use only Opening line: “Keeping the community informed is an important part of any exploration program.”  “The level and type of community consultation to be undertaken will depend on the specific exploration program,

  11. Slide 11: Major messages from Rosella suspension

    Major messages from Rosella suspension For personal use only  Consultation  Consultation should not mean persuasion  Scope of consultation must match activity  Stakeholders must be only those directly affected  Protests and need for law enforcement should not be considered an indication of fail

  12. Slide 12: There are some positive signs in NSW, but - -

    There are some positive signs in NSW, but - -  NSW Government / Santos –Pilliga development MOU  AGL fracking plans (Gloucester) finally approved and program carried out For personal use only  Strong statements by Resources Minister, Anthony Roberts:  He [Minister Anthony Roberts] urged a more o

  13. Slide 13: Disclaimer

    Disclaimer 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 For personal use only con

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