Comet Ridge Ltd · ASX:COI

Comet Ridge — Shareholder Meeting (November 2015)

18 slides from Comet Ridge's shareholder meeting presentation, Nov 26, 2015

  1. Slide 1: Annual General Meeting - Managing Director's Presentation

    For personal use only Comet Ridge Limited Annual General Meeting - Brisbane Managing Director’s Presentation www.cometridge.com.au 26 November 2015 ASX Code : COI www.cometridge.com.au

  2. Slide 2: Structural Change in East Coast Gas Market

    Structural Change in East Coast Gas Market For personal use only  3 LNG Projects starting in 2015 at Gladstone has caused the biggest shift in the east coast gas market in almost 50 years (since Roma (Qld), Moomba (SA) and Bass Strait (Vic) each came on line)  3 Gladstone production trains running

  3. Slide 3: Comet Ridge - Strategic East Coast Gas Portfolio

    Comet Ridge - Strategic East Coast Gas Portfolio For personal use only Reserve (PJ) Contingent Resource (PJ) Type 2P 3P 1C 2C 3C CSG 67 1870 Sandstone Gas 56 153 471 Reserve (PJ) Contingent Resource (PJ) Type 2P 3P 1C 2C 3C CSG 22 124 208 328 468 Reserve (PJ) Contingent Resource (PJ) Type 2P 3P 1C 2

  4. Slide 4: Mahalo Project

    For personal use only Mahalo Project ASX Code : COI www.cometridge.com.au 4

  5. Slide 5: Mahalo Project – Background

    Mahalo Project – Background For personal use only  JV partners APLNG and Santos participate in ATP 337P Mahalo Block two of the Gladstone LNG projects (COI 40%, APLNG 30%, Santos 30%)  Mahalo pilot 11km from pipeline infrastructure linking to Gladstone LNG and domestic market  Initial drilling an

  6. Slide 6: Mahalo horizontal well – concept

    Mahalo 7 horizontal well – concept For personal use only  Mahalo 7 drilled as a short well (361m in coal) to prove concept: ‒ Utilised existing land available (well and tank pad) within the pilot area ‒ Intersected the existing Mahalo 6 production well to minimise hook up cost and time ‒ Gas and wa

  7. Slide 7: Mahalo horizontal well – results to date

    Mahalo 7 horizontal well – results to date For personal use only  Downhole pump failure in Mahalo 6 occurred Mahalo 6 – Average Gas Rate and Pump Speed 1Q 2015 240 240  Pump changeover completed late July 2015 200 200  Testing operations recommenced early August 2015 Pump Speed (rpm) 160 160 Gas

  8. Slide 8: Mahalo Project Key Milestones

    Mahalo Project Key Milestones For personal use only Strategy for  High quality asset being demonstrated – COI 40% (largest equity interest) Mahalo  Maximise 2P and 3P reserves in the short term Project Drilling and  Continue to extend deliverability of Mahalo Pilot Scheme appraisal  Future block

  9. Slide 9: Galilee Basin

    For personal use only Galilee Basin ASX Code : COI www.cometridge.com.au 9

  10. Slide 10: Galilee Basin Background

    Galilee Basin Background For personal use only ATP 743P, ATP 744P and ATP 1015 (CSG)  100% interest in ~8,500 km2 operated by COI plus 20% interest in 870 km2 within ATP 1015P  CSG - 1,870 PJ of 3C Contingent Resource and considerable untested upside  Conventional - significant prospectivity in s

  11. Slide 11: Galilee Basin – Sandstone Gas

    Galilee Basin – Sandstone Gas For personal use only Comet Ridge OGIP Gas Contingent Resource Net Equity Share (PJ) (PJ)  3 historic petroleum wells within Category 1C 2C 3C 1C 2C 3C ATP 743P and ATP 744P 100% 130 334 861 56 153 417 recovered oil and/or gas from Lake Galilee Sandstone at the base of

  12. Slide 12: Gunnedah Basin

    For personal use only Gunnedah Basin ASX Code : COI www.cometridge.com.au 12

  13. Slide 13: Gunnedah Basin – NSW

    Gunnedah Basin – NSW For personal use only  Significant investment has been made in the basin PEL 6, PEL 427, PEL 428 (ESG, Santos, EnergyAustralia) and material (CSG & Conventional) Reserves delineated ~ 1,600 PJ 2P  Santos holds 55,000 km2 in NSW – COI in JV over 18,000 km2 at 22.5%, 50% and 60%

  14. Slide 14: Summary

    For personal use only Summary ASX Code : COI www.cometridge.com.au 14

  15. Slide 15: Comet Ridge Limited

    Comet Ridge Limited For personal use only High quality Mahalo  Horizontal well performance confirming COI view on Project asset quality and development potential  Current production testing and low cost work program to upgrade 3P Reserves, convert 2P Reserves and lead to field development plan Adj

  16. Slide 16: Contact

    Comet Ridge Limited For personal use only Contact Level 3 GPO Box 798 Telephone: +61 7 3221 3661 283 Elizabeth Street Brisbane 4001 Facsimile: +61 7 3221 3668 Brisbane 4000 Email info@cometridge.com.au www.cometridge.com.au ASX Code : COI www.cometridge.com.au 16

  17. Slide 17: Important Notice and Disclaimer

    Important Notice and Disclaimer For personal use only Disclaimer This presentation (Presentation) has been prepared by Comet Ridge Limited (ABN 47 106 092 577) (Comet Ridge). The Presentation and information contained in it is being provided to shareholders and investors for information purposes onl

  18. Slide 18: Important Notice and Disclaimer

    Important Notice and Disclaimer For personal use only Competent Person Statement and ASX Listing Rules Chapter 5 - Reporting on Oil and Gas Activities The Contingent Resource for the Carmichael Structure referred to at pages 11 and 12 of this presentation are taken from an independent report by Dr B

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