Metgasco Ltd · ASX:MEL

Metgasco — Excellence in Oil & Gas Conference 2010

17 slides from Metgasco's conference presentation, Apr 19, 2010

  1. Slide 1: Excellence in Oil & Gas Conference

    For personal use only Excellence in Oil & Gas Conference Sydney David Johnson – Managing Director 19-20 April 2010

  2. Slide 2: Disclaimer

    Disclaimer For personal use only 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 con

  3. Slide 3: Agenda

     Corporate overview  Introduction to Clarence Moreton Basin For personal use only  Conventional gas development  exploration to date  Kingfisher drilling & appraisal  basin potential  Coalseam gas development  current status  production testing  Commercialisation agenda  Metgasco corporat

  4. Slide 4: Corporate overview

    Corporate overview  For personal use only Onshore oil and gas exploration close to markets on east coast of Australia  Approximately 250 million shares on issue and 6 million options  Market cap A$150 million @ $0.535 (16 April 2009)  Cash A$29 million (31 Dec 2009)  No debt  Substantial acrea

  5. Slide 5: Introduction to Clarence Moreton Basin

    Introduction to Clarence Moreton Basin For personal use only  Lightly explored Triassic-Cretaceous Basin  Primary appraisal focus to date has been on Walloon Coal Measures for CSG  Traditionally viewed as part of Surat Basin system  Deeper units with conventional and CSG potential  Heifer Ck Sa

  6. Slide 6: Introduction to Clarence Moreton Basin

    Introduction to Clarence Moreton Basin For personal use only  In NSW covers about 16,000km with about 10 conventional oil and gas exploration wells  Most wells had extensive gas shows but were drilled with an oil focus and using then existing technology  Last conventional well drilled in 1985 (Ra

  7. Slide 7: Conventional gas developments: exploration to date

    Conventional gas developments: exploration to date For personal use only  Database development & digitisation of most previous exploration activity  800km pre-existing 2D seismic repro  170km new 2D seismic and new DPI 2D seismic  Drilling of RE-14 in March 2008 with significant gas flows in Hei

  8. Slide 8: Kingfisher drilling & appraisal

    Kingfisher drilling & appraisal  For personal use only Kingfisher E1 reached Total Depth (TD) of 2,090 metres on 27 November 2009.  Multiple gas bearing sands were identified during drilling.  Wireline logs identified up to 138 metres of possible gas bearing sands with 30 metres of net pay identi

  9. Slide 9: Kingfisher Drilling Program

    Kingfisher Drilling Program KF-1 RE-14 For personal use only McKellar North MacKellar  Well still encountering gas Kingfisher bearing zones at TD  A gas water contact was not LKG observed - further gas zones are likely to be present below TD  Possibility that Kingfisher, Mackellar & Mackellar nor

  10. Slide 10: Kingfisher Contingent Resource Estimate and OGIP Estimates

    Basin Kingfisher Contingent Resource Estimate (Bcf) Potential Pmean P10 Kingfisher 77.0 284.0 For personal use only PEL 16 - Pre Drill OGIP Estimates (Bcf) Pmean P10 Mackellar 63 688 Mackellar North 146 1,793 Bellbird 28 295 Cicada 35 352 Fantail 30 315 Monarch 53 528 Triller 36 389 PEL 13 - Pre Dri

  11. Slide 11: Basin Potential

    Tullymorgan WCR (1965) Basin Potential For personal use only  Kingfisher reopens old P&L’ s  older wells were drilled for oil - drilling fluids would have mudded off significance of gas shows.  Gas focus - different reservoir parameters  Improved drilling & completion methods  Re-evaluation of

  12. Slide 12: Coalseam gas development: current status

    Coalseam gas development : current status  Consistent and steady 2,500 For personal use only 2,153 buildup of reserves associated with core drilling and testing 2,000 1P 2P 3P  All in PEL 16 1,479  Productivity focus on 2P 1,336 1,500 reserve category 1,084  Initial 1P reserves on Bcf performanc

  13. Slide 13: Production testing

    Production testing WYAN E-1: Full Section Flow Test 1000 1000Purpose For personal use only Activity CP-11 Production Profile Wyan E-1 flow test 18/6 22/6 24/6 Flow Rates (Mscf/d) 100 100 NO WATER ! 10 10 1 1 0 100 200 300 400 500 600 700 800 Gas production Mscf/d Water production BBL/d 0:00 1:12 2:2

  14. Slide 14: Commercialisation agenda

    Commercialisation agenda  East coast existing & emerging markets For personal use only  Northern NSW electricity market (16 PJ/a)  Brisbane gas market (60 PJ/a)  NSW electricity demand (290 PJ/a)  Single 3mtpa LNG plant (180 PJ/a)  Infrastructure to support production  gas as gas  gas as ele

  15. Slide 15: Market Data & Financials

    Market Data & Financials ASX code MEL Activity Share price (16 April 2010) $0.535 For personal use only Purpose Market Capitalisation $134 m Shares on Issue 250 m Options on Issue 6m Cash at 31 Dec 09 $29.0 m Debt Nil 100 50000000 90 45000000 80 40000000 70 Share Price 35000000 60 30000000 50 250000

  16. Slide 16: Board and Management

    Board and Management Board Management & Technical Team For personal use only DR PETER POWER Chairman MICK O’BRIEN Chief Operating Officer Geologist with 50 years experience in hydrocarbon Over 30 years experience in senior engineering roles exploration worldwide in senior roles. Previously previousl

  17. Slide 17: 2010 Activities

    2010 Activities  Exploration experience combined with seismic data and coal Activitymapping now sufficientPurpose to identify CSG sweetspots. For personal use only Identification of  Seismic to assist in fairway identification and mapping high potential  2-4 pilot wells and ongoing production tes

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