Metgasco Ltd · ASX:MEL
Metgasco — Switzer Small & Micro Cap Virtual Investor Day 2021
12 slides from Metgasco's conference presentation, Jun 22, 2021
Slide 1: Investor Presentation ASX Media Release
ASX / MEDIA RELEASE ASX Code: MEL For personal use only 22 June 2021 Investor Presentation Metgasco Ltd (ASX:MEL) (Metgasco or the Company) is pleased to provide a copy of the investor presentation made at the Switzer Small & Micro Cap Virtual Investor Day on Tuesday 22 June 2021. This ASX announcem
Slide 2: Cooper Eromanga gas exploration success discovers a string of pearls
Cooper Eromanga gas exploration For personal use only success discovers a “string of pearls” ATP2021 – Two Vali gas discoveries ..third well underway. L14 – Cervantes Oil PRL211 – Odin-1 gas Exploration project discovery Potential significant gas production hub emerging to assist east coast gas shor
Slide 3: Company snapshot
Company snapshot Metgasco’s gas exploration success allows line of sight to profitable business in H1CY22 For personal use only Company overview Substantial shareholders & Board ▪ ASX listed energy exploration company (ASX code: MEL) Melbana Energy Limited 20.00% ▪ Experienced team focused on creati
Slide 4: ATP2021 - Vali Hub Reserves: how big is the upside?
ATP2021- Vali Hub Reserves ….how big is the upside? Vali-2 delivers greater net gas pay than Vali-1 ST1 and is cased for production. Reserve For personal use only increase anticipated ▪ Vali-2 drilled to appraise Patchawarra gas discovery and assess potential for gas in a Toolachee formation four-wa
Slide 5: String of Pearls - Building a sizeable gas production hub
String of Pearls-Building a sizeable gas production hub Potential nine well Vali development - field life approx 20 years - 12mmscf/day average rate For personal use only By assessing the resource upside ahead of first gas there is the potential to optimise the value of the ATP2021and PRL211 assets,
Slide 6: Cooper Basin PRL211 - Strategic Odin Farm-in
Cooper Basin PRL211- Strategic Odin Farm-in • Odin-1 cased for production with gas shows in Toolachee, Epsilon and Patchawarra formations. For personal use only • Metgasco (21.25%), Vintage(operator with 42.5%) Bridgeport(21.25%) free carry Beach Energy(15%) for Odin-1 drilling • Odin-1 cased early
Slide 7: Cooper Eromanga Basin ATP-2020
Cooper Eromanga Basin ATP-2020 • Farm-out process underway . Companies reviewing data room For personal use only • 2015 bid won by MEL • ATP granted May 2018 • Located in SW QLD Cooper Eromanga Basin • In close proximity to areas of hydrocarbon source and existing oil & gas fields • 535 km2, 100% in
Slide 8: Perth Basin - Cervantes - L14 - Hunting for Oil in Kingia
Perth Basin – Cervantes – L14- Hunting for Oil in Kingia For personal use only Kingia/High Cliff • Jingemia-1 intersected a 26m water bearing good porosity sand of Kingia/High Cliff Sand(outside of structural closure) reducing the risk of sand presence in Cervantes. • Cervantes structure significant
Slide 9: Perth Basin - Cervantes - L14
Perth Basin – Cervantes – L14 Potentially one of the largest undrilled oil opportunities in the Perth Basin (Gross P50 OOIP 35mmbo), with geological similarities to nearby discoveries For personal use only A A’ Exploration Key Data Country Australia Basin Perth Basin Licence L14 Western Flank Cervan
Slide 10: High Gas demand in East Coast + Oil Price at 3yr High
High Gas demand in East Coast + Oil Price at 3yr High East Coast - New gas discoveries required to meet forecast demand For personal use only Perth Basin or Cooper Oil discovery a company game changer as oil prices at 3yr high • Federal Govt has identified gas companies and the delivery of gas to ma
Slide 11: Conclusions - Upcoming investment highlights
Conclusions - Upcoming investment highlights Near term operational, corporate and macro news flows will provide a number of share For personal use only price catalysts Well Results leading to FID Odin-1 net pay results + Vali-3 well results . Assess upside gas for Vali Hub (Q3 CY21) reserve potentia
Slide 12: Disclaimer / Reserves and Resource Notes
Disclaimer / Reserves and Resource Notes ▪ This presentation is being provided for the sole purpose of providing the recipients with background information about Metgasco Ltd (Metgasco) which is current only at the date of this presentation. No representation, express or implied, is made as to the f
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