Comet Ridge Ltd · ASX:COI
Comet Ridge — Non-Deal Roadshow (April 2004)
16 slides from Comet Ridge's roadshow presentation, Apr 28, 2004
Slide 1: Comet Ridge Limited Roadshow Presentation
Comet Ridge Limited Roadshow Presentation April, 2004
Slide 2: ASX code COI, listed April 2004
ASX code COl, listed 19 April 2004 61.2m shares + 5.35m options on issue Market capitalization $12.2m (@20 cents) Top 20 own ~ 60% Largest shareholder Perilya Limited (16.2%) 3 institutional investors 499 shareholders
Slide 3: Shares on issue and restricted securities
Resinctad Shares on issue pre-IPO 28,408,240 18,392,884 8,364,019 10,028,865 65% Shares issued @ IPO 25,000,000 - ~ - Vendor Shares 7,750,000 7,750,000 1,500,000 6,250,000 100% Total 61,158,240 | _ 26,142,884 9,864,019 16,278,865 43% Options* 5,350,000 5,350,000 1,250,000 4,100,000 100% *Unlisted, e
Slide 4: Board of directors
Jeff Schneider | ; Andy Lydyard Chairman a Managing Director ai Simon Ashton Gill Swaby Non exec Director Non exec Director
Slide 5: Use of funds by project
| Peeerdiure = =Year’) =year2 = =folal— Tyre ~—s SM) CGM) GM) Comet Ridge QiD Earning & pilot 750 500 1250 Walloon Coal Measures QLD Flot & delineation 1290 300 1590 Galilee QLD Core holes 50 300 350 Shallow Gas NSW Core holes, field work 320 100 420 Cost of Offer 400 400 Admin 490 500 990 Totals 33
Slide 6: List on ASX
List on ASX Comet Ridge Somerby 1 & Mahalo 1 Test hole| Dalby Block ATP 683P Tipton West Flotk? Rainview. TPW 6. Lona Swamo| Reserves Certification Development Shallow Gas NSW Bellata 2 (PEL 427) 4120 days
Slide 7: Galilee Project
Galilee Project (100% interest) Comet Ridge Project (Earning 40%) WCM Project (Earning 20-50%) Shallow Gas Project. (50-100% interest)
Slide 8: Comet Ridge Project
Comet Ridge Project
Slide 9: Key prospect in portfolio
Key prospect in portfolio On trend with world class Fairview - Durham Ranch CSG fields Dual objective: =» Permian Bandanna & Mantuan coals High gas contents in both coals Excellent coal control Significant potential gas resource (1000PJ) OCA operating drilling Close to pipeline infrastructure ® Righ
Slide 10: Top Bandanna Formation
fj Bigteeshossees Pei rit Peyienine a Cum Hote Ponpowed CHG Wile Coy ase Rae” tinsel thigh ARE. gat etre mats wee Top Bandanna Formation 10
Slide 11: oma Hos
20 - 50% 20 - 50% oma Hos Pevage ptaptioy ] . Geek Rene wieiewnte Hite Ge Paiegeny Hace: by bebe + Bidar Ppt ee ‘eH Pipatioe i a an)
Slide 12: Tipton West Pilot monitoring
Monitoring Area aresoes at argues } 2p 308s 2088S 4 Meenawarra-2 ® @ Meenawarra-3 © Meenawarra-i BPN Tipton West Pilot A rere arash Gas Resource Area ores Legend Pilot Production Well Monitoring Weil Core Weil Petroleum Well Oe 8x Skm Comet 20% PL198 Application 8 wells drilled this year Tipton West
Slide 13: Gas offtake agreements
= Wambo Power Ventures Pty Ltd (Babcock & Brown and ERM Power Pty Ltd) * 3.97 PJ pa for 15 years commencing 2006 * Supply SOMW gas fired power plant near Dalby, QLD =" Ergon Energy Pty Ltd « 2 separate projects - Wellhead generation & Oakey Plant * 2.7 PJ pa for 15 years Gas to be supplied from the
Slide 14: Peer comparison
oo | Sydney Gas 190.9 | CH4 100.0 1 Planet Gas 44.9 1 Queensland Gas | Sunshine Gas 33.7 33.3 | Eastern Star 25.6 Arrow Energy AOE Source: Patersons Securities Limited 14.6 25.4 14
Slide 15: Comet Ridge drilling in progress
=" Comet Ridge drilling in progress — Decision on next phase by August "= WCM drilling well advanced " Positive signs from Tipton West Pilot = Reserves certification by June 2004 =" Framework for early commercialisation = Well positioned to take advantage of new opportunities 15
Slide 16: Comet Ridge
IN Comet Ridge