Slide 1: Unlocking the Potential
For personal use only Unlocking the Potential
Slide 2: Disclaimer
Disclaimer 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 For personal use only con
Slide 3: Corporate Overview
Corporate Overview Metgasco (“MEL”) is an ASX listed, onshore conventional and unconventional gas company, For personal use only with significant 100% owned acreage in the Clarence Moreton Basin in northern NSW MEL’s pilot wells have demonstrated economic gas production in its large resource bas
Slide 4: Industry Experienced Board and Management
Industry Experienced Board and Management MEL’s Board and management bring high quality industry experience For personal use only Board has proven track record of project delivery and senior leadership in the E&P industry Management has strong technical background; over 100 years of combined E
Slide 5: Investment Highlights
Investment Highlights For personal use only Significant reserves Largest uncontracted gas reserves on the East Coast with high upside potential Large scale CSG resource play with original gas in place (OGIP) of 24 Tcf Reserves / proven MEL provides an existing reserves base and proven produc
Slide 6: Significant CSG Reserves Base
Significant CSG Reserves Base World scale acreage position in the Clarence Moreton Basin For personal use only 3 tenements (PEL 16, 13 & 426) 1,126,059 acres 100% owned Large gas resource potential MEL’s starting base for CSG is a large OGIP estimate of 24 Tcf Current reserves establis
Slide 7: Further Upside from Conventional Gas Discovery
Further Upside from Conventional Gas Discovery Kingfisher E01 For personal use only First major conventional gas discovery in NSW (November 2009) Large section of gas charged sands identified 138 metres of gas charged sands in Ripley Road and Gatton formations Up to 500 meters of additiona
Slide 8: CSG Proven Production – Richmond Seam
CSG Proven Production – Richmond Seam Schematic of Multi-Lateral Well For personal use only After several years of resource definition, MEL has recently refined completion techniques to enable strong, sustainable gas flow rates Corella P11 – single lateral on production test for over three years –
Slide 9: Large Uncontracted Coal Seam Gas Reserves
Large Uncontracted Coal Seam Gas Reserves 100% ownership of gas reserves For personal use only Australian Coal Seam Gas Reserves (Petajoules) Company 3P 2P Large uncontracted reserve position in QGC (BG) 14261 7245 the CSG sector Origin 7268 5122 ConocoPhillips 6265 5004 Reserves: Santos 7409
Slide 10: Strong East Coast Demand – Domestic and Export
Strong East Coast Demand – Domestic and Export Gas Market is undergoing significant structural change driven by LNG developments in QLD - Gas being sold to higher priced Asian LNG markets For personal use only Transition to a lower carbon economy Declining production from traditional east coas
Slide 11: NSW – Security of Supply?
NSW – Security of Supply? For personal use only “The point is that NSW is facing a gas supply crisis…The supply contracts start to run out in 2014 and one-third of the energy in NSW comes from gas.” The Hon Chris Hartcher, MP, The Australian - August 18 2012 NSW consumption approx. 140 PJ/annum an
Slide 12: Upward Trend in Gas Prices
Upward Trend in Gas Prices Price risk now skewed to the upside For personal use only Availability of abundant low-cost marginal CSG for domestic use now increasingly unlikely Source: National Gas Outlook: Domestic gas Prices and Markets. ACIL Tasman 30 May 2012 Days of wholesale sales gas prices c
Slide 13: Multiple Commercialisation Options Available
Multiple Commercialisation Options Available Option 1 For personal use only Grow Small volume, high margin sales to Gladstone Domestic Gas local businesses competing with Business LPG ($25/GJ) and diesel ($35/GJ) Potential partnership with power Power specialists for long term gas supply Allianc
Slide 14: Strong Government Support for Gas Industry Growth
Strong Government Support for Gas Industry Growth “With yet to be tapped coal seam gas reserves representing over 250 years of supply, it’s essential that we start to get For personal use only Projects moving with proper protection in place." The Hon Chris Hartcher , MP, NSW Minister for resources a
Slide 15: Strong Relationship with the Community
Strong Relationship with the Community For personal use only Metgasco Land Administration Officer meeting a local Casino farmer Landowners Local Community Metgasco has strong relationships with the Metgasco sees the local landowners as local community, the local council, federal critical partner
Slide 16: Ready to Go
Ready to Go Heightened demand for gas For personal use only Local NSW demand for gas to displace high priced LPG and diesel Gladstone LNG projects require additional gas to meet export commitments Potential for stand-alone LNG project with FLEX LNG Metgasco is among the last remaining inde