Comet Ridge Ltd · ASX:COI
Comet Ridge — Galilee Basin Coal & Energy Conference 2011
24 slides from Comet Ridge's conference presentation, Nov 23, 2011
Slide 1: Developing a New World Scale Energy Province in Central Queensland
For personal use only 23 November 2011 - Brisbane Galilee Basin Coal & Energy Conference Developing a New World Scale Energy Province in Central Queensland Comet Ridge Limited - Managing Director’s Presentation ASX Code : COI www.cometridge.com.au
Slide 2: Contents
For personal use only Contents Area of Operations Technical Basin Overview Comet Ridge Position Key Achievements Resources Booked Further Resource Potential Commercial Gas Pricing and Volumes Domestic Power Export LNG Commercial Options Community Responsible CSG Galilee Basin Community Typical Core
Slide 3: Comet Ridge - Area of Operations
For personal use only Comet Ridge - Area of Operations Presentation today focusing on the Galilee Basin ASX Code : COI www.cometridge.com.au 3
Slide 4: Technical
For personal use only Technical ASX Code : COI www.cometridge.com.au 4
Slide 5: Basin Overview
Basin Overview Galilee Basin covers a large part of For personal use only central Queensland ― Located favourably in terms of Gladstone LNG & central Queensland power requirements Conventional Oil and Gas exploration has occurred since 1960s ― Relatively few wells drilled ― No commercial oil and
Slide 6: Comet Ridge Position
Comet Ridge Position Comet Ridge blocks ATP 743P & 744P For personal use only ― 12,991 km2 (3.2 million acres) ― 286 km from NW to SE corner ― Comet Ridge equity 100% - full upside exposure Eastern basin selected ― Coals range from shallow to deep (east to west) ― Eastern edge closer to largest
Slide 7: Key Achievements
Key Achievements For personal use only Blocks awarded Sep/Oct 2009 ― including Qld Govt environmental approvals Late 2009 to early 2010 - five core holes drilled ― Total drilled section 5010m ― Coal thickness ranged from 16m to 24m with up to 22m of shale ― Over 1000m core cut & 10 drillstem tes
Slide 8: Resources Booked
Resources Booked Galilee Basin Significant Independent Resource Booking Nov 2010 For personal use only Comet Ridge Limited - Net Recoverable Resources Galilee Basin booked Contingent Resource volumes are already significant ASX Code : COI www.cometridge.com.au 8
Slide 9: Further Resource Potential
Further Resource Potential Significant additional resource potential exists in Comet Ridge blocks For personal use only ― Well and seismic focus mostly in Gunn Project Area in southwest Additional exploration required over remaining wide area Intent to move resources to reserves category in Gu
Slide 10: Commercial
For personal use only Commercial ASX Code : COI www.cometridge.com.au 10
Slide 11: Gas Pricing & Volumes
For personal use only Gas Pricing & Volumes Historically, Eastern Australia has had some of the cheapest gas in the world ― Due to relatively small market size in comparison to reserves ― Cheap gas and cheap coal resulted in cheap electricity Gladstone export LNG schemes have significantly shift
Slide 12: Domestic Power
Domestic Power For personal use only Gas is a clean base load option for power Natural Gas is currently supplying nearly 20% of Queensland’s power needs ― This proportion is likely to increase significantly New gas fired power plants recently announced for Ipswich and Gladstone ― Up to 3000 MW
Slide 13: Export LNG
For personal use only Export LNG Three large LNG schemes are now under construction on Curtis Island near Gladstone, with a fourth project likely At least five processing trains will produce over 20 Million tonnes per annum of LNG, commencing in 2014, with incremental project economics driving f
Slide 14: Comet Ridge Commercial Options
Comet Ridge Commercial Options For personal use only Coal mining precinct down our block edge Two stage approach to commercialisation of Comet Ridge Galilee Gas Resources Coal Mining ― Stage 1: Power supply to nearby coal mines Projects or electricity network ― Stage 2: Gas supply to Gladstone A
Slide 15: Community
For personal use only Community ASX Code : COI www.cometridge.com.au 15
Slide 16: Responsible CSG Exploration & Development
Responsible CSG Exploration & Development For personal use only CSG industry has been operating in Queensland for >10 years CSG industry in Eastern Australia is one of the most heavily regulated industries in Australia ― APPEA suggests more regulated than the nuclear industry ― Queensland has es
Slide 17: Galilee Basin – Community
For personal use only Galilee Basin – Community Cultural Heritage Management Plans successfully in place with three groups Galilee Basin Operators Forum undertaking detailed basin-wide aquifer study ― www.gbof.com.au Engagement and information sharing with local councils is ongoing ― Central W
Slide 18: East Galilee Basin – Typical Core Well Design
East Galilee Basin – Typical Core Well Design For personal use only Betts Creek Coals sit well below Great Artesian Basin units ASX Code : COI www.cometridge.com.au
Slide 19: Local Agricultural Community
Local Agricultural Community For personal use only Entire Comet Ridge exploration area covers only 54 landowners / families Prior to finalising drilling or seismic plans, Comet Ridge seeks landowner input & advice Access planned around local roads, tracks and firebreaks We allocate sufficien
Slide 20: Further Information
For personal use only Further Information Many unsubstantiated claims and myths exist in the media about CSG exploration and production Comet Ridge believes each stakeholder should form their own views based on facts and should ask for claims to be substantiated Comet Ridge recommends the foll
Slide 21: Summary
For personal use only Summary ASX Code : COI www.cometridge.com.au 21
Slide 22: Wrap Up
Wrap Up 100% interest in both ATP 743P & For personal use only ATP 744P in eastern Galilee Basin ― Substantial acreage position covering 12,991 km2 1870 PJ of 3C Contingent Resource certified in Gunn Project Area in Nov 2010 ― Considerable upside yet to be tested 2D Seismic acquisition program
Slide 23: General Disclaimer
For personal use only General Disclaimer 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, does n
Slide 24: Comet Ridge Limited
Comet Ridge Limited For personal use only www.cometridge.com.au Address Level 1 283 Elizabeth Street Brisbane Queensland 4000 Telephone: +61 7 3221 3661 Facsimile: +61 7 3221 3668 Email: info@cometridge.com.au ASX Code : COI www.cometridge.com.au 24
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