State Gas Ltd. · ASX:GAS
State Gas — Investor Presentation (May 2021)
13 slides from State Gas's investor presentation, May 2021
Slide 1: Right Place, Right Time – Investor Presentation
Right Place Right Time Investor Presentation May 2021 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 East Coast gas Two synergistic gas Reid’s Dome: shortages: projects: A strategic launch pad Ripe for the plucking 1. Reid’s Dome for initial gas production 2. Rolleston-West Rolleston-West: Gas marketing Strategically located: Next phase gas supply optionality: Close to infrastructure wit
Slide 4: East Gas Coast Market Dynamics
East Gas Coast Market Dynamics Supply Demand Policy Impacts: Bass Strait in long term decline Asia markets recovering – Qld LNG exports Federal Govt Gas led Recovery inc. 1. East Coast gas shortfalls increasing ➢ 600MW gas fired Cattle Creek Formation: Major LNG Projects power station at 3-way dip c
Slide 5: The East Coast Gas Market
The East Coast Gas Market ACCC Forecast Gas Supply and Demand, Southern States Source: ACCC Gas Inquiry January 2021 Interim Report 5
Slide 6: Seizing the market window…
Seizing the market window… Target: Gas Shortfall Synergistic Growth to Come Developments Reid’s Dome a strategic Rolleston-West: Two 100%-owned adjacent launch pad: ➢ Extensive area Projects ➢ Confirming the scope ➢ Containing established gas ➢ Economies of scale ➢ Permitting Project & export produc
Slide 7: Seizing the market window
Seizing the market window Supply Flexibility Strategic Location Optimised supply Location benefits ➢ No domestic gas reservations ➢ Strategically close to ➢ CSG for regular demand Wallumbilla pricing hub: 200km ➢ Conventional gas to meet ➢ Pipeline infrastructure: volatility ➢ Maximum contracting •
Slide 8: Development Funding
Development Funding Multiple Options: ➢ Presales of gas ➢ Facility rental ➢ Vendor equity ➢ Vendor debt ➢ Debt ➢ Equity 8
Slide 9: Supply-Demand & Indicative Timing
Supply-Demand & Indicative Timing ACCC Forecast Gas Supply and Demand, Southern States H2-21 H1-22 First Gas H2-22 H1-23 H2-23 H2-24 H2-25 First Gas H1-24 H1-25 Reid’s Dome Rolleston-West Confirm scope Source: ACCC Gas Inquiry January 2021 Interim Report 9
Slide 10: Two Project Areas
Two Project Areas ➢ Reid’s Dome & Rolleston-West ➢ 1593 km2 of combined acreage ➢ Reid’s Dome – 180 km2 ➢ Rolleston West – 1414 km2 ➢ Highly prospective Bowen Basin sequence ➢ Multiple conventional and unconventional targets ➢ No domestic gas reservation ➢ Queensland Gas Pipeline network ➢ < 50km Re
Slide 11: Reid's Dome (PL 231): a Strategic Launch Pad
Reid’s Dome (PL 231): a Strategic Launch Pad Coal seam & Production tests of wells conventional establishing project gas confirmed parameters Planning for Project and development export pipeline permitting underway commenced Development, Rolleston-West enables Operations & economies of scale, Market
Slide 12: Rolleston-West (ATP 2062): Optimising the Future
Rolleston-West (ATP 2062): Optimising the Future ➢ ~570 km2 Bandanna Formation Arcadia Valley* & Mahalo# analogues: – Average net coal: 5 - 13 m – Average gas content: 5 - 11 m3/t ➢ Highly prospective conventional targets: – Results of Historical wells (pre-1992) – New conventional targets ➢ Rougemo
Slide 13: Contact
Contact Level 8 46 Edward Street Brisbane QLD 4000 Australia Email info@stategas.com stategas.com