Metgasco Ltd · ASX:MEL

Metgasco — Excellence in Oil & Gas Conference (March 2011)

20 slides from Metgasco's conference presentation, Mar 1, 2011

  1. Slide 1: Excellence in Oil & Gas Conference

    For personal use only Excellence in Oil & Gas Conference David Johnson – Managing Director March 1st 2011

  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: Presentation Guide

    Presentation Guide For personal use only  Corporate overview  Exploration program  Commercialisation agenda  Corporate details  Forward program 3

  4. Slide 4: Corporate overview

    Corporate overview  For personal use only Onshore oil and gas exploration close to markets on east coast of Australia  Significant and growing CSG resources  Emerging conventional gas resources  ASX listed December 2004  Approximately 252 million shares on issue and 9 million options  Market c

  5. Slide 5: Exploration Program

    For personal use only Exploration Program 5

  6. Slide 6: Exploration Program – 2010 2D Seismic

    Exploration Program – 2010 2D Seismic  124 line km new 2D data acquired November For personal use only 2010  Processing and interpretation to February 2010  Focus on mid basin high with Kingfisher – Mackellar and Leeville-Rappville trends  Additional seismic to support investigation of Kingfishe

  7. Slide 7: Exploration Program – 2010 2D Seismic

    Exploration Program – 2010 2D Seismic Kingfisher Field For personal use only  Remains open at Ipswich level  No change in contingent resource  P50 : 77 Bcf  P10 : 284  Likely to be related to Mackellar North structure Mackellar Lead  Closure of structure  P50 OGIP estimate  Was : 63 Bcf  No

  8. Slide 8: Exploration Program - CSG reserves development

    Exploration Program - CSG reserves development  Bowerbird Core Drilling program For personal use only  BE01  14.2m net coal  Bowerbird core drilling  Average gas content data awaited, expect similar to BE02  Gas composition 98% CH4  BE02 BE02  8.8m net coal  Average gas content 16.8m³/t daf

  9. Slide 9: Exploration Program - CSG reserves development

    Exploration Program - CSG reserves development 3000 For personal use only 3P 2P 1P 2500 2P Reserves up 33% to 381 Bcf 3P Reserves up 46% to 2,153 Bcf 2000 Bcf 1500 2,153 1000 1,479 1,336 1,084 500 381 287 21 238 3 3 0 2007 2008 2009 2010 Reserves have been certified by Mr Tim Hower of MHA Petroleum

  10. Slide 10: Exploration Program - CSG Trial Production

    Exploration Program - CSG Trial Production For personal use only

  11. Slide 11: Exploration Program - CSG Trial Production

    Exploration Program - CSG Trial Production For personal use only Thornbill E01: 100Mcf/d, no water 11

  12. Slide 12: Commercialisation Agenda

    Commercialisation Agenda For personal use only 12

  13. Slide 13: Multiple development pathways – gas, power, LNG

    Multiple development pathways – gas,power, LNG For personal use only 700 1x 3.5 Mtpa NSW Electricity LNG Plant Market with 600 Carbon price or direct action Distance to Market (Km) 500 policy Power 400 Brisbane 300 Gas Load Mini200 LNG Nth NSW 100 Electricity ad NRPS RVPS 0 Export LNG 0 100 200 300

  14. Slide 14: Commercialisation Agenda - Richmond Valley Power Station

    Commercialisation Agenda - Richmond Valley Power Station For personal use only  30 Mw Richmond Valley Power Station  Field development studies complete  Site acquisition complete  Development approval granted  EPC contracts now being negotiated  Offtake agreements now being negotiated  Applic

  15. Slide 15: Commercialisation Agenda - Lions Way Pipeline

    Commercialisation Agenda - Lions Way Pipeline  New high pressure gas pipeline to For personal use only connect Clarence Moreton gas fields in Northern NSW to customers in SE Qld  145km pipeline starting in Casino (NSW) and finishing in Ipswich (Qld)  Environmental Assessment Studies lodged with D

  16. Slide 16: Commercialisation Agenda - LNG Sector

    Commercialisation Agenda - LNG Sector Eastern Australia Gas Demand Growth For personal use only 2500 2000 10% pa demand growth PROJECTED LNG DEMAND for the next decade 1500 1000 PROJECTED DOMESTIC DEMAND 500 Source : McLennan and Magasanik Associates - 23 June 2010 Annual Gas Market Review 0 2010 20

  17. Slide 17: Commercialisation Agenda - LNG Studies

    Commercialisation Agenda - LNG Studies For personal use only  Investigating LNG capability  Resources may be sufficient for LNG scale participation or development  MOU with LNG Ltd, developer of approved & environmentally permitted LNG site at Fisherman’s landing at Gladstone  MOU with leading F

  18. Slide 18: Corporate details - Board

    Corporate details - Board NICK HEATH Non Executive Chairman For personal use only Chemical engineer with over 35 years experience in Australian and international energy markets. Previously a Director of ExxonMobil Australia responsible for marketing of gas and gas liquids DAVID JOHNSON Managing Dire

  19. Slide 19: Corporate details - market data & financials

    Corporate details - market data & financials ASX code MEL Activity Purpose$0.38 For personal use only Share price (25 Feb 2011) Market Capitalisation $97 m Shares on Issue 252 m Options on Issue 9m Cash at 31 Dec 10 $13.3 m Debt Nil $0.70 $0.60 $0.50 Share Price ($) $0.40 $0.30 $0.20 $0.10 $0.00 04-

  20. Slide 20: Forward Program

    Forward Program  Pilot Production Activities For personal use only  Harrier inseam lateral program  Conventional appraisal program  Field development plans  Follow up seismic - refine Mackellar North area interpretation  Commercial Agenda  Local area gas sales  Richmond Valley Power Station

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