Galilee Energy Limited · ASX:GLL
Galilee Energy — Investor Presentation (May 2018)
17 slides from Galilee Energy's investor presentation, May 2018
Slide 1: Investor Presentation May 2018
INVESTOR PRESENTATION MAY 2018 ASX: GLL
Slide 2: Company overview
Company overview ▪ Brisbane based gas explorer (ASX:GLL). Location of Glenaras Gas Project ▪ 100% owner of the 2nd largest Contingent Gas Resource (Galilee Basin) in Queensland (excluding the big 3 LNG exporters). ▪ Management team has a proven track record of top tier coal seam gas and conventional
Slide 3: Peer snapshot
Peer snapshot Measure Galilee Energy Blue Energy Comet Ridge Strike Energy Real Energy Market Capitalisation $29.4 million $161.7 million $233.4 million $86.5 million $26.8 million Cash $10.24 million* $3.06 million* $13.45 million* $4.15 million* $7.75 million* Enterprise Value (EV) $19.16 million
Slide 4: Australian East Coast Gas Crisis
Australian East Coast Gas Crisis • Reliable gas supply is crucial to the Eastern and south-eastern Australia domestic Australian economy. gas production (excluding LNG), 2017-2036 • Supply to meet domestic demand has been constrained by LNG exports – East Coast Gas contracted for export. • Major pri
Slide 5: Australian East Coast Gas Pricing
Australian East Coast Gas Pricing • East Coast Gas crisis: Push for renewables while reducing coal use poses a threat for electricity prices and reliability of power supply. • Gas prices have increased from 2008-2010 levels of $2/GJ to recent highs of over $10/GJ. • Given the supply shortfall, these
Slide 6: Australian East Coast Gas Dynamics
Australian East Coast Gas Dynamics • Many Australian states have imposed moratoria or restrictions on gas exploration activities. • The Glenaras Gas Project does not require fraccing. • Queensland Govt has shown strong bipartisan support for the gas industry. • Qld Govt has identified the Galilee Ba
Slide 7: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset ▪ The Glenaras Gas Project is a mature exploration project with over $90 million spent to date. ▪ The resource is clearly defined with over 20 exploration wells, 700km of seismic and two multi well pilots. ▪ Importantly, the existing assets include a large water stor
Slide 8: Glenaras Gas Project – The Asset
Glenaras Gas Project – The Asset ▪ The project has a clear path to market. Jemena and Galilee have signed a binding MOU to fast-track a pipeline from Glenaras to the east coast market. ▪ Low field development cost: – No fraccing, – Low water treatment cost, reinjection solution. ▪ Strong stakeholder
Slide 9: Glenaras Gas Project – Forward plan
Glenaras Gas Project – Forward plan NEW MULTI-LATERAL PILOT IS THE PATH FORWARD TO FIRST RESERVES BOOKING ▪ Target good permeability coal in the near vicinity of the existing pilot. Allow use of existing key infrastructure; camp, pond, flare. ▪ Pilot program underway. Drilling complete, ESPs about t
Slide 10: Jemena MOU – Clear Path to Market
Jemena MOU – Clear Path to Market ▪ Jemena and Galilee have signed a binding MOU to fast-track a pipeline from Glenaras to the east coast market. This provides a clear, large scale path to market for this important asset. ▪ Galilee are in discussion with a number of gas customers: – Domestic and exp
Slide 11: Share price catalysts
Share price catalysts ▪ Multi-lateral pilot underway, drilling program complete. GLENARAS ▪ Two laterals drilled in excellent quality R3 coal seam. ▪ Completions rig mobilised to install ESPs this week. Surface facilities and lease flowlines to Commercial follow ESP installation. flow results ▪ Prod
Slide 12: Disclaimer
Disclaimer This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying
Slide 13: Competent Person’s Statement
Competent Person’s Statement Competent Persons Statement & Listing Rule 5 Reporting on Oil & Gas Activities The estimate of Contingent Resources for the ATP 2019 as appears on pages 3 & 7 of this presentation, is based on, and fairly represents, information and supporting documentation determined by
Slide 14: Appendix – Detailed Technical Slides
Appendix Galilee Energy – Detailed Technical Slides
Slide 15: Glenaras Gas Project - CSG properties
Glenaras Gas Project - CSG properties ▪ Successful CSG projects require three key parameters: – Resource Concentration (thickness, gas content) ✓ – Productivity (thickness, permeability) ✓ – Pressure drawdown in the coal (well design) ? R1 ▪ Resource concentration and coal productivity have been pro
Slide 16: Experienced oil and gas team – Board
Experienced oil and gas team Board Dr. David King Peter Lansom Ray Shorrocks Stephen Kelemen Non-Executive Director Managing Director Non-Executive Chairman Non-executive Director PhD, MSc, B.E. Petroleum (Hons) B.A. History/Philosophy (Hons), B.E. Mechanical M.B.A. Finance FAusIMM, FAICD. 20+ years
Slide 17: Experienced oil and gas team – Management
Experienced oil and gas team Management Ashley Edgar Milton Cooper Peter Lansom Gerard Ryan Business Development and General Manager - Operations Geoscience Manager Managing Director Commercial Manager B.E. (Mech.) M.Sc. (Petroleum) B. App Science (Applied Geo) B.E. Petroleum (Hons) B.A. Accountancy