Comet Ridge Ltd · ASX:COI
Comet Ridge — Shareholder Meeting (November 2010)
12 slides from Comet Ridge's shareholder meeting presentation, Nov 11, 2010
Slide 1: Managing Director's Presentation - Annual General Meeting
For personal use only Comet Ridge Limited Managing Director’s Presentation Annual General Meeting 11 November 2010 Brisbane
Slide 2: Contents
Contents 2 For personal use only 1. Area of Operations 2. Comet Ridge Strategy 3. Key Achievements 4. Galilee Basin, Qld 5. Bowen Basin, Qld 6. Gunnedah Basin, NSW 7. New Zealand 8. United States 9. The next 12 to 18 months
Slide 3: Area of Operations
For personal use only Area of Operations 3
Slide 4: Comet Ridge Strategy
Comet Ridge Strategy 4 For personal use only > Maximise shareholder leverage to exploration upside through exposure to projects in the early phase of the exploration cycle > Take material equity positions in key Coal Seam Gas basins to diversify exposure > COI has material positions in the Bowen, Gu
Slide 5: Key Achievements
Key Achievements 5 For personal use only > Eight wells operated by Comet Ridge Limited with no lost- time or environmental incidents > Maiden and significant Contingent Resource booking achieved in ATP 337P Mahalo (Bowen Basin) > Substantial Galilee Basin evaluation programme > independent Resource
Slide 6: Galilee Basin - ATP 743P & ATP 744P
Galilee Basin - ATP 743P & ATP 744P 6 For personal use only > 100% interest in both ATP 743P & ATP 744P > Substantial acreage position in eastern Galilee Basin > Permits cover 12,991 km2 > Early 2010 Queensland flooding caused almost three month drilling delay > Five wells drilled in exploration cor
Slide 7: Bowen Basin - ATP 337P Mahalo
Bowen Basin - ATP 337P Mahalo 7 For personal use only > Significant Contingent Resource certified by NSAI in Oct 2010 ATP 337P Mahalo Certified Contingent Resources (Net to COI) 1C 2C 3C 81 PJ 221 PJ 442 PJ > Several CSG exploration and appraisal wells have been drilled in the past few years > favou
Slide 8: Gunnedah Basin - PEL 427 & PEL 428
Gunnedah Basin – PEL 427 & PEL 428 8 For personal use only > COI permits cover 13,028 km2 of the northern Gunnedah Basin > PEL 427 (COI 25%) > PEL 428 (COI 40%) > CSG exploration operated by Eastern Star Gas > located north and west of ESG’s Narrabri Gas Project in PEL 238 > Consolidation has occurr
Slide 9: New Zealand Blocks
New Zealand Blocks 9 For personal use only > NZ tenement portfolio consists of 100% interest in three permits covering 8,600 km2 > Airborne magnetic and radiometric survey completed with gradiometry survey about to start > First of its kind for CSG in NZ > Results to date show much better definition
Slide 10: USA - Comet Ridge Resources LLC
USA – Comet Ridge Resources LLC 10 For personal use only > COI has a 17.257% equity interest in Comet Ridge Resources LLC (CRR) > CRR recently finalised production testing of six newly-drilled wells in the Florence field in Colorado > Five of these wells have been completed for production > Oil prod
Slide 11: The next 12 to 18 months
The next 12 to 18 months 11 For personal use only > Galilee Basin work programme will focus on better understanding of structural features ahead of the next drilling programme / possible pilot scheme > Seismic acquisition being considered to better define the Structural Nose in Gunn project area > T
Slide 12: General Disclaimer
General Disclaimer 12 For personal use only > This document has been prepared by Comet Ridge Limited to provide existing and prospective investors in Comet Ridge Limited with an update on the Company and its operations. > This presentation, including the information contained in this disclaimer, doe