Galilee Energy Limited · ASX:GLL
Galilee Energy — Shareholder Meeting (November 2017)
18 slides from Galilee Energy's shareholder meeting presentation, Nov 28, 2017
Slide 1: AGM Presentation Nov 2017
For personal use only AGM PRESENTATION NOV 2017 ASX: GLL
Slide 2: Company overview
Company overview For personal use only ▪ Brisbane based gas explorer (ASX:GLL). Location of Glenaras Gas Project ▪ 100% owner of the 2nd largest Contingent Gas Resource (Galilee Basin) in Queensland (excluding the big 3 LNG exporters). ▪ Management team has a proven track record of top tier coal sea
Slide 3: Peer snapshot
Peer snapshot For personal use only Measure Galilee Energy Blue Energy Comet Ridge Strike Energy Real Energy Market Capitalisation $28.5 million $205.5 million $161.8 million $65.7 million $23.7 million Cash $10.6 million* $2.03 million* $14.19 million* $10.8 million* $6.78 million* Enterprise Value
Slide 4: Australian East Coast Gas Crisis
Australian East Coast Gas Crisis For personal use only • Reliable gas supply is crucial to the Eastern and south-eastern Australia domestic Australian economy. gas production (excluding LNG), 2017-2036 • Supply to meet domestic demand has been constrained by LNG exports – East Coast Gas contracted f
Slide 5: Australian East Coast Gas Pricing
Australian East Coast Gas Pricing For personal use only • East Coast Gas crisis: Push for renewables while reducing coal use poses a threat for electricity prices and reliability of power supply. • Gas prices have increased from 2008-2010 levels of $2/GJ to recent highs of over $10/GJ. • Given the s
Slide 6: Australian East Coast Gas Dynamics
Australian East Coast Gas Dynamics For personal use only • Many Australian states have imposed moratoria or restrictions on gas exploration activities. • The Glenaras Gas Project does not require fraccing. • Queensland Govt has shown strong bipartisan support for the gas industry. • Qld Govt has ide
Slide 7: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset For personal use only ▪ The Glenaras Gas Project is a mature exploration project with over $90 million spent to date. ▪ The resource is clearly defined with over 20 exploration wells, 700km of seismic and two multi well pilots. ▪ Importantly, the existing assets incl
Slide 8: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset For personal use only ▪ The project has a clear path to market. Jemena and Galilee have signed a binding MOU to fast-track a pipeline from Glenaras to the east coast market. ▪ Low field development cost: – No fraccing, – Low water treatment cost, reinjection solution
Slide 9: Glenaras Gas Project – Forward plan
Glenaras Gas Project – Forward plan For personal use only NEW MULTI-LATERAL PILOT IS THE PATH FORWARD TO FIRST RESERVES BOOKING ▪ Target good permeability coal in the near vicinity of the existing pilot. Allow use of existing key infrastructure; camp, pond, flare. ▪ Preliminary pilot design is three
Slide 10: Jemena MOU – Clear Path to Market
Jemena MOU – Clear Path to Market For personal use only ▪ Jemena and Galilee have signed a binding MOU to fast-track a pipeline from Glenaras to the east coast market. This provides a clear, large scale, path to market for this important asset. ▪ Galilee Energy are in discussion with a number of gas
Slide 11: Share price catalysts
Share price catalysts For personal use only ▪ Multi-lateral pilot planned for execution as soon as possible. GLENARAS ▪ Program design similar to successful lateral pilots in Gunnedah Basin, executed by the same team. Commercial flow results ▪ Success would result in sizeable Reserves booking, trans
Slide 12: Disclaimer
Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and
Slide 13: Competent Person’s Statement
Competent Person’s Statement For personal use only Competent Persons Statement & Listing Rule 5 Reporting on Oil & Gas Activities The estimate of Contingent Resources for the ATP 2019 as appears on pages 3 & 7 of this presentation, is based on, and fairly represents, information and supporting docum
Slide 14: Appendix: Galilee Energy – Detailed Technical Slides
For personal use only Appendix Galilee Energy – Detailed Technical Slides
Slide 15: Glenaras Gas Project - CSG properties
Glenaras Gas Project - CSG properties For personal use only ▪ Successful CSG projects require three key parameters: – Resource Concentration (thickness, gas content) ✓ – Productivity (thickness, permeability) ✓ – Pressure drawdown in the coal (well design) ? R1 ▪ Resource concentration and coal prod
Slide 16: Glenaras R1 seam – Vertical well pilot
Glenaras R1 seam – Vertical well pilot For personal use only ▪ R1 seam is the thickest seam, never completed in initial pilot testing at Glenaras. ▪ Not affected by previous fracture stimulations. ▪ All five vertical wells recompleted to the R1 seam in late 2015. ▪ Pilot was successful at producing
Slide 17: Glenaras R1 seam pilot outcomes
Glenaras R1 seam pilot outcomes For personal use only ▪ Excellent data gathered from this pilot work has determined to the pathway forward to commercialisation. ▪ Summary of R1 Pilot results: ▪ ✓ Revised artificial lift system has performed flawlessly. ▪ Coal architecture has a strong directional pe
Slide 18: Experienced oil and gas team
Experienced oil and gas team For personal use only Board and Management Dr. David King Peter Lansom Ashley Edgar Gerard Ryan Non-Executive Chairman Managing Director Geoscience Manager General Manager - PhD, MSc, B.E. Petroleum (Hons) B. App Science (Applied Geo) Operations FAusIMM, FAICD. B.E. (Mec