Metgasco Ltd · ASX:MEL

Metgasco — Shareholder Meeting (November 2010)

17 slides from Metgasco's shareholder meeting presentation, Nov 16, 2010

  1. Slide 1: 2010 Annual General Meeting: Managing Director's review

    For personal use only 2010 Annual General Meeting Managing Director’s review 16 November 2010 David Johnson, Managing Director

  2. Slide 2: 2010 Summary Highlights

    2010 SUMMARY HIGHLIGHTS For personal use only Exploration Kingfisher discovery and appraisal program 2010 2D seismic program Bowerbird CSG Drilling Program Thornbill CSG Drilling program CSG 2P Reserves up 33% to 381Bcf CSG 3P Reserves up 46% to 2,153Bcf Infrastructure & RVPS Development Approval Li

  3. Slide 3: 2010 year in review - Exploration

    2010 year in review - Exploration For personal use only 3

  4. Slide 4: Exploration: Kingfisher discovery and testing program

    2010 year in review - Exploration  1st major conventional gas discovery in NSW For personal use only  Extensive testing and appraisal program  22 zones perforated and tested  Variable pressure buildups – some tight, some conventional  All zones flowing good quality +95% CH4 gas  Extended produ

  5. Slide 5: Exploration: Bowerbird core drilling program

    2010 year in review - Exploration  Bowerbird Core Drilling program For personal use only  BE01  14.2m net coal  Bowerbird core drilling  Average gas content data awaited, expect similar to BE02  Gas composition 98% CH4  BE02 BE02  8.8m net coal  Average gas content 16.8m³/t daf  Gas compos

  6. Slide 6: Exploration: Thornbill E01

    2010 year in review - Exploration For personal use only Thornbill E01: 100Mcf/d, no water 6

  7. Slide 7: Exploration: Reserves growth 2007-2010

    2010 year in review - Exploration 3000 For personal use only 3P 2P 1P 2500 2P Reserves up 33% to 381 Bcf 3P Reserves up 46% to 2,153 Bcf 2000 Bcf 1500 2,153 1000 1,479 1,336 1,084 500 381 287 21 238 3 3 0 2007 2008 2009 2010 Reserves have been certified by Mr Tim Hower of MHA Petroleum Consultants (

  8. Slide 8: Infrastructure & Markets: Richmond Valley Power Station

    2010 year in review – Infrastructure & Markets For personal use only  30 Mw Richmond Valley Power Station  Field development studies complete  Site acquisition complete  Connection studies completed  Development approval granted  EPC contracts now being negotiated  Offtake agreements now bein

  9. Slide 9: Infrastructure & Markets: Investigating LNG capability

    2010 year in review – Infrastructure & Markets  Investigating LNG capability  For personal use only MOU with LNG Ltd, developer of approved & environmentally permitted LNG site at Fisherman’s landing at Gladstone  FEED completed for the first LNG train of 1.5 mtpa, sufficient area for 4x1.5 mtpa

  10. Slide 10: Corporate activities

    2010 year in review – Corporate Corporate activities:  Moved to 100% ownership and operational control of all exploration For personal use only permits  Completed highly successful, oversubscribed $25m Share Purchase Plan to accelerate exploration, appraisal and development programme  Transition

  11. Slide 11: 2011 Program - Exploration: Clarence Moreton Basin

    2011 Program - Exploration 2009 1985 1965 For personal use only  The Clarence Moreton Basin is highly prospective for large tight gas reservoirs  Prior to Metgasco Kingfisher E1, In central basin high trend last well was Rappville (1985). Significant because;  Prior to tight gas era  older wells

  12. Slide 12: 2011 Program - Exploration

    2011 Program - Exploration  Complete 2010 2D seismic For personal use only program  Central Basin High - Volumetrics for Kingfisher- Mackellar, relationship Kingfisher – Rappville.  Improve analysis of other Prospects and leads  CSG – Eden Creek Trend 27 km  Conventional – Coaldale, Wedgetail l

  13. Slide 13: 2011 Program - Infrastructure and markets: FID RVPS

    2011 Program – Infrastructure and markets  FID RVPS  Embedded energy supply for For personal use only northern rivers – reducing need to import coal fired electricity:  Sufficient power to supply 30,000 residential households in the northern river region  Clean energy - Generates 627t CO2-e/GWh,

  14. Slide 14: Eastern Australia Gas Demand Growth

    2011 Program – Infrastructure and markets Eastern Australia Gas Demand Growth 2500 For personal use only 2000 10% pa demand growth PROJECTED LNG DEMAND for the next decade 1500 1000 PROJECTED DOMESTIC DEMAND 500 0 2010 2015 2020 2025 2030 14

  15. Slide 15: 2011 Program - LNG options

    2011 Program – Infrastructure and markets For personal use only  Reviewing economic, technical, environmental & social implications of LNG options  Ability to supply conventional & CSG to export LNG facility  Undertake feasibility studies for two export type LNG projects:  Floating LNG Productio

  16. Slide 16: Disclaimer

    Disclaimer For personal use only 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 con

  17. Slide 17: Question and answer session

    For personal use only Question and answer session

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