Metgasco Ltd · ASX:MEL

Metgasco — Non-Deal Roadshow (March 2012)

15 slides from Metgasco's roadshow presentation, Mar 5, 2012

  1. Slide 1: Large Uncontracted Gas Reserves – Excellent Market

    Large Uncontracted Gas Reserves – Excellent Market International Road Show: Hong Kong, New York, London March 2012

  2. Slide 2: Disclaimer

    Disclaimer 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 contained in this present

  3. Slide 3: Overview

    Overview  Metgasco is an ASX Listed, onshore conventional and unconventional gas company, with significant 100% owned acreage in Clarence Moreton Basin (NSW)  Large uncommitted coal seam gas reserves – established in 10% of the Company’s acreage  1P Gas reserves of 2.6 Bcf  2P Gas reserves of 41

  4. Slide 4: Corporate overview

    Corporate overview  Capital structure ASX code MEL Share price (at 29 February 2012) $0.36 Market Capitalisation (million) $122 Shares on Issue (million) 338.6 Options on Issue (million) 7.0 Cash (at 31 December 2011) $17M Debt Nil  Board and management team Nicholas Heath Chairman, Non-Executive

  5. Slide 5: Asset location and features

    Asset location and features  World scale acreage position in the Clarence Moreton Basin  3 tenements (PEL 16, 13 & 426)  1,126,059 acres  100% owned  Large gas resource potential  CSG OGIP – 24 TCF  Conventional – 2 TCF  enough to supply the state of NSW for many years and to support an expo

  6. Slide 6: Metgasco’s coal seam and conventional gas targets

    Metgasco’s coal seam and conventional gas targets Metgasco is exploring for gas which can be developed commercially in the:  The Walloon Coal Measures – proven to be productive in Qld  Sandstone reservoirs below the coals Page 6

  7. Slide 7: CSG trial production - Richmond seam

    CSG trial production - Richmond seam  Corella P11 – single lateral on production test for over three years – 200 mcfd production rate  Corella P18 – sidetrack single lateral (improved drilling and completion techniques) encouraging test results  Harrier P01 – dual lateral - encouraging test resul

  8. Slide 8: Kingfisher gas field and Greater Mackeller structure

    Kingfisher gas field and Greater Mackeller structure  Kingfisher E01  First major conventional gas discovery in NSW (November 2009)  Large section of gas charged sands identified:  138 metres of gas charged sands in Ripley Road and Gatton formations  Up to 500 meters of additional section below

  9. Slide 9: Strong east coast domestic demand

    Strong east coast domestic demand  The market is undergoing significant structural change driven by  LNG developments in QLD which will result in gas being directed towards the larger and higher priced Asian LNG markets  Limited ability for east coast conventional gas reserves to meet the develop

  10. Slide 10: East coast LNG – More than $52 billion to be spent

    East coast LNG – More than $52 billion to be spent  Major domestic and international players with committed buyers developing large scale LNG projects.  Additional reserves required for LNG expansion plans.  The east coast gas market will become increasingly integrated with the global market by w

  11. Slide 11: Numerous commercialisation options available

    Numerous commercialisation options available  Local domestic gas  Domestic gas fired electricity  Micro LNG / CNG  Gas to LNG export (WorleyParsons study)  Other industrial gas uses Page 11

  12. Slide 12: Growing coal seam gas reserves

    Growing coal seam gas reserves  100% ownership of gas reserves Australian Coal Seam Gas Reserves (Petajoules) Company 3P 2P  Large uncontracted reserve position in QGC (BG) 14261 7245 the CSG sector Origin 7268 5122 ConocoPhillips 6265 5004  Reserves: Santos 7409 4564 Shell 6879 2874  Cover PEL

  13. Slide 13: Transaction Multiple (A$/GJ)

    Metgasco’s current enterprise value by 3P is $0.04 3.50 3.03 3.00 Transaction Multiple (A$/GJ) 2.50 2.00 1.88 1.65 1.50 1.00 1.00 0.77 0.77 0.67 0.74 0.74 0.69 0.57 0.56 0.51 0.51 0.50 0.40 0.30 0.15 0.21 0.00 BG Petronas Shell QGC Conoco BG AGL AGL BG AOE ORG STO Shell Kogas Sinopec STO Arrow Unkno

  14. Slide 14: Strong government support for gas industry growth

    Strong government support for gas industry growth  “We see a strong future for the gas industry here in Australia. We'll use some of that gas; we'll export a lot of that gas. It's got a very bright future.” The Hon Julia Gillard MP, Prime Minister, The Australian 20 August 2011  "The coal seam gas

  15. Slide 15: Looking forward

    Looking forward  Heightened demand for gas  Local NSW demand for gas to displace high priced LPG and diesel  Existing domestic gas customers currently seeking to lock in large gas volumes  Gladstone LNG projects require additional gas to meet export commitments  Potential for stand-alone LNG pr

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