Metgasco Ltd · ASX:MEL
Metgasco — Bell Potter Small Cap Conference November 2007
17 slides from Metgasco's conference presentation, Nov 19, 2007
Slide 1: Bell Potter Small Cap Conference
For personal use only Bell Potter Small Cap Conference November 2007
Slide 2: Disclaimer
Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with the oil and gas business. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables an
Slide 3: Metgasco
Metgasco For personal use only ► Metgasco is an emerging CSG and conventional oil and gas explorer & developer ► Identified Reserves of in excess of 1Tcf ► Strategically located on the doorstep of the SE Qld market ► A clear commercial pathway with Gas Sale MOU’s of 390PJ ► An experienced board and
Slide 4: Metgasco Financial Performance
Metgasco Financial Performance For personal use only Share Price ($) Mkt Cap ($M) Cash ($M) 1 20 100 0.8 16 Nov 07 80 Nov 06 0.6 12 60 0.4 8 40 0.2 20 4 0 0 0 4
Slide 5: Metgasco Operational Performance
Metgasco Operational Performance For personal use only 2P Reserves Gas Sales MOU Acreage (Bcf) (PJ) (Sq Km) 250 400 6000 5000 Nov 07 200 300 Nov 06 4000 150 200 3000 100 2000 100 50 1000 0 0 0 5
Slide 6: The Energy Sector
The Energy Sector For personal use only Energy Market 2002-2007 18000 100 16000 90 ASX Industrials & Energy 14000 ASX Energy Sector 80 Oil Spot Price ($US) 70 12000 60 10000 Oil Spot Price 50 8000 40 6000 30 4000 ASX Industrials 20 2000 10 0 0 Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 6
Slide 7: Coal Seam Gas Sector
Coal Seam Gas Sector For personal use only Sector Reserves 12500 2P Reserves 10000 3P Reserves Total Reserves PJ 7500 5000 2500 0 Cooper Erom anga Gippsland Total CSM Source ACIL Tasman Source & Location 7
Slide 8: Metgasco
Metgasco For personal use only ► Metgasco one of the first movers in the Walloon Coal Measures ► Selected the Clarence Moreton Basin over the Surat Basin ►2 key drivers ►Thermogenic coals with high gas contents ► Strategic location ► Capital constrained until listing in 2004 ► Serious exploration an
Slide 9: Metgasco
Metgasco For personal use only ► Large land position of 6,000km2 - PEL 16 205,000 acres (96%) - PEL 13 Molopo JV, 408,000 acres (earning up to 75% in CSG rights and 50% conventional rights) - PEL 426 Molopo JV, 852,000 acres (earning up to 50% in both CSG and conventional rights) ► Substantial untes
Slide 10: Reserves Development
Reserves Development For personal use only 2P Reserves ► 2P the benchmark for contracting Objective ► 12,500m core drilling program now 700 completed 600 ► Independent reserve certification 500 upgrades to 194 PJ (2P) 400 ► Expecting further upgrades as data 300 processed 200 100 ► Drilling program
Slide 11: Reserves Development
Reserves Development Trial Production program has now For personal use only ► commenced ► Demonstrate conversion of 2P reserves to 1P reserves. Alliance with Vectra LLM ► Provides method and capability to convert 2P reserve “bank” to sales when and as required ► Using horizontal drilling techniques
Slide 12: Commercialisation
Commercialisation SE Qld and NE NSW are Australia’s For personal use only ► fastest growing regions ► Power demand forecast to grow by 260 MW pa ► No pipeline/reticulated gas in northern NSW ► Metgasco will also be one of the closest gas suppliers to Brisbane ► Metgasco can enhance security of suppl
Slide 13: Commercialisation
Commercialisation For personal use only ► In Dec 2006, CS Energy entered into farm-in deal with Metgasco covering CSG rights to Blocks 4,5 & 1 of PEL 16 (approx 27%) ► $11 M to earn an initial 15% interest in farm-in area with core drilling and pilot production drilling program ► Objectives - 540PJ
Slide 14: Commercialisation
Commercialisation 30MW gas fired power station located at For personal use only ► Casino, requires 2.5PJ/a over 15 years ► Field development studies largely complete ► EA now lodged, Connection Agreement also lodged ► Power station site finalised ► Australian Pipeline Trust appointed preferred infra
Slide 15: Board & Management
Board & Management Dr Peter Power – Non Executive Chairman For personal use only ► Former Managing Director of Ampolex. Past President of Australian Geoscience Council. Past Chairman of APPEA. ► Nicholas Heath – Non-Executive Director Former Director of ExxonMobil Australia. Over 30 years experience
Slide 16: Capital
Capital For personal use only 1.4 Listed December 2004 1.2 ASX Code MEL 1 Share price (16/11/2007): $ 0.83 0.8 Market cap: $ 100 million 0.6 Shares on issue: 121 million 0.4 Options on issue: 17 million 0.2 0 4000 Shareholders: ~ 1500 3000 2000 Cash on hand: $17 million 1000 0 11/ 1/ 06 12/ 1/ 06 12
Slide 17: Questions
Questions For personal use only www.metgasco.com.au 17
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