State Gas Ltd. · ASX:GAS
State Gas — Corporate Update (July 2023)
17 slides from State Gas's corporate update, July 2023
Slide 1: Company Update July 2023
rsonal use only Company Update July 2023
Slide 2: Disclaimer
Disclaimer Disclaimer Future Performance This presentation (Presentation) has been prepared by State Gas Limited This Presentation contains certain “forward looking statements”. Forward- looking statements can be identified by the use of forward-looking rsonal use only (ACN 617 322 488) (State Gas).
Slide 3: Appendix – Additional information about Contingent Resource Estimates
Appendix – Additional information about Contingent Resource Estimates Additional information about Contingent Resource Estimate The Contingent Resource estimates for the Reid’s Dome and Rougemont Gas Projects (State Gas 100%) and State Gas’ 35% interest in ATP 2068 and rsonal use only PLR 2021-1-3 a
Slide 4: 1. Strategic Value Drivers for State Gas
1. Strategic Value Drivers for State Gas 1 2 3 rsonal use only Gas sector conditions Substantial resource base in the Significant value step change as stabilising right location Company moves to production • The regulatory environment is now • Significant acreage targeting the • Compressed natural g
Slide 5: 2. Substantial Footprint
2. Substantial Footprint Development of a highly prospective gas region in the Bowen Basin rsonal use only Substantial acreage 2630 km2 of combined acreage ATP 2062 – 1414 km2 - 100% ATP 2068 & 2069 (Santos JV) – 1035 km2 - 35% PL 231 – 181 km2 - 100% Significant resource potential Highly
Slide 6: 3. Governance and capability
3. Governance and capability Corporate information Position Experience ASX Code GAS Significant international energy experience, and commercial strategy and rsonal use only Richard Cottee acumen within the energy and utilities sector. Former Managing Director (Executive Chairman) Queensland Gas Comp
Slide 7: 4. Strategy
4. Strategy Pathway to sustainable value rsonal use only Manage volatile market conditions Price and regulatory intervention: Reduce reliance on equity markets Market optionality: CSG & conventional gas, no domestic reservation Highly prospective exploration assets Targeting highly productive
Slide 8: 5. Initial Gas Production Through CNG
5. Initial Gas Production Through CNG CNG Project Update About Virtual Pipelines Virtual pipelines have become a cost-effective option rsonal use only (particularly in North America) to commercialise gas production in infrastructure remote areas. The practice of a Pre-commissioning of the compressor
Slide 9: 6. Supporting Ongoing Gas Production
6. rsonal use only Supporting Ongoing Gas Production Compressed Natural Gas Facilities Virtual Pipeline Trucking Solution Future development of a gas pipeline The compression facility will intake and dehydrate Proposed gas pipeline (~10 TJ/d) Highly safe, specially designed gas tube trailers will ga
Slide 10: 7. Rolleston-West Project (ATP 2062)
7. Rolleston-West Project (ATP 2062) A Company Defining Project rsonal use only ~570 km2 Bandanna Formation prospective for CSG and smaller conventional targets Analogous to Arcadia Valley* & Mahalo# Drilling within Rougemont area has established ROUGEMONT-3 potential of eastern area Continuous coa
Slide 11: 7. Rolleston-West Project (continued)
7. Rolleston-West Project (continued) “Rougemont2/3” dual well system in ATP 2062 Production testing results very encouraging Target: Bandanna Coal Measures rsonal use only Number of seams : 2 500,000 cubic feet/day of pipeline-quality gas Depth to seams: 320 metres to 380 metres Only de
Slide 12: 8. Verifying Substantial Resources and Reserves
8. Verifying Substantial Resources and Reserves A comprehensive geological model of the area surrounding Rougemont has been developed incorporating State Gas exploration data and other public data from historical gas and coal holes rsonal use only Two new wells proposed to capture deeper gas fro
Slide 13: 9. Reid's Dome – Incremental Conventional Gas
9. Reid’s Dome – Incremental Conventional Gas The Reid’s Dome Gas Project (PL 231) is within the Bowen rsonal use only Basin on the apex of the Springsure-Serocold Anticline Identified in excess of 30 m of net coal, with gas contents averaging a very high 13.75m3/tonne dry ash free Commercial levels
Slide 14: 10. ATP 2068 & 2069 – Regional JV with Santos
10. ATP 2068 & 2069 – Regional JV with Santos State Gas 35%, Santos 65% & Operator rsonal use only Large area 727 km2 Bandanna Formation CSG Net coal demonstrated by Consuelo stratigraphic holes, Rougemont and Rewan-1 Gas content proven by Rewan-1 and Rougemont wells Southwest extension of Rou
Slide 15: 11. Commitment to Carbon Reduction
11. Commitment to Carbon Reduction JV with minerals explorer Rockminsolutions Pty Ltd to rsonal use only evaluate the suitability of the Buckland Basaltic Formation for a large scale carbon capture project 70 km2 area Ignimbrite (basalt) 200 – 330 m thick A range of decarbonisation applications:
Slide 16: 11.1 Carbfix Process
11.1 rsonal use only Carbfix Process Calcite mineral (white) Illustration depicting the process of carbon mineralisation into Image showing calcium carbonate (calcite) formed from CO2 charged water underground basaltic rock formations injected into basalt at the Carbfix site in Hellisheioi, Iceland
Slide 17: Contact
Contact rsonal use only Level 1 40 Edward Street Brisbane QLD 4000 Australia Email doug@stategas.com stategas.com