Metgasco Ltd · ASX:MEL

Metgasco — Shareholder Meeting (November 2008)

15 slides from Metgasco's shareholder meeting presentation, Nov 17, 2008

  1. Slide 1: 2008 Annual General Meeting Managing Directors Review

    For personal use only 2008 Annual General Meeting Managing Directors Review

  2. Slide 2: Agenda

    AGENDA 2008 YEAR IN REVIEW For personal use only ► ► Kingfisher conventional gas discovery ► 2D seismic program ► PEL 16 conventional prospectivity ► CP-11 CSM trial production well ► CSM 2P/3P Reserve Increases ► RVPS & Lions Way Pipeline ► 2009 YEAR OBJECTIVES ► Exploration ► Reserves & Production

  3. Slide 3: 2008 Year in Review - Kingfisher Conventional Gas Discovery

    2008 YEAR IN REVIEW - Kingfisher Conventional Gas Discovery For personal use only 3

  4. Slide 4: 2008 Year in Review - Kingfisher Conventional Gas Discovery

    2008 YEAR IN REVIEW - Kingfisher Conventional Gas Discovery For personal use only 4

  5. Slide 5: 2008 Year in Review - Kingfisher Conventional Gas Discovery

    2008 YEAR IN REVIEW - Kingfisher Conventional Gas Discovery For personal use only ► Contingent Resource of 36.6 Bcf OGIP (Pmean) and 69.9 Bcf OGIP (P10) ► Total conventional resource potential of 82 Bcf OGIP (Pmean) and 831 Bcf OGIP (P10) attributed to Kingfisher including unaddressed deeper targets

  6. Slide 6: 2D Seismic Program

    2008 YEAR IN REVIEW – 2D Seismic Program For personal use only 6 Page 6

  7. Slide 7: Seismic line amplitudes

    ine $84-R1, Amplitudes RNwKRE OORV.E FRR tH Oo “Amplitudes (Time) | 493435 84. Y:6816433.90 Meters. SP:1423.8. T:-0.243. 4:0.00. Panel 1. S84-R1_C: Fies\Ki uite\Colorbars\Red to White to Blue 200_invers. CLB

  8. Slide 8: PEL Prospectivity - Gatton Depth Structure Map

    2008 YEAR IN REVIEW – PEL 16 Prospectivity For personal use only Gatton Depth Structure Map RBE14 8

  9. Slide 9: PEL Prospectivity

    2008 YEAR IN REVIEW – PEL 16 Prospectivity For personal use only AREA Bcf OGIP Bcf OGIP (Pmean) (P10) Kingfisher Field 82 831 Mackellar Prospect 63 688 Mackellar North Lead 146 1,793 Bowerbird Lead 28 295 Cicada Lead 35 352 Fantail Lead 30 315 Monarch Lead 53 528 Triller Lead 36 389 TOTAL 473 5,191

  10. Slide 10: CP-11 CSM trial production well

    2008 YEAR IN REVIEW – CP-11 CSM trial production well For personal use only ► On test since January 2008, CP-11 rate of 200Mscf/d achieved. ► Has now produced in excess of 30mmcf of gas and 20,000bbl of water. ► Increase in the gas flow rate can be expected as the dewatering process continues. ► In

  11. Slide 11: CSM 2P/3P Reserve Increases

    2008 YEAR IN REVIEW – CSM 2P/3P Reserve Increases For personal use only 2P Reserves 3P Reserves (PJ) (PJ) 350 1800 1600 300 1400 250 1200 200 1000 800 150 600 100 400 50 200 0 0 11

  12. Slide 12: RVPS & Lions Way Pipeline

    2008 YEAR IN REVIEW – RVPS & Lions Way Pipeline RVPS For personal use only ► ► EA Public consultation process now complete ► MEL now responding to submissions made to DOP ► Network load flow studies complete ► Expect regulatory close 2009 ► Lions Way Pipeline ► Regulatory Process continuing ► Commen

  13. Slide 13: 2009 Objectives

    2009 OBJECTIVES For personal use only ► Exploration ► Maintain 2P objective of 660PJ ► Further evaluation PEL’s 13 & 426 ► Orara dual target well in PEL 426 ► Kingfisher/Mackellar appraisal program ► Reserves and Production ► 1P Reserves for CSM & Conventional ► Trial production for new reservoirs (

  14. Slide 14: 2009 Objectives

    2009 OBJECTIVES For personal use only ► Gas Sale Opportunities ► Build MEL strategic position ► Separate physical delivery to Brisbane ► Flexible supply options ► Gas as gas, gas as power for NSW and Queensland ► Infrastructure Development ► RVPS planning completion ► Lionsway planning finalisation

  15. Slide 15: Question & Answer Session

    Question & Answer Session For personal use only www.metgasco.com.au 15

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