Red Sky Energy Limited · ASX:ROG
Red Sky Energy — IIR's 8th Annual National Conference CSG 2010
11 slides from Red Sky Energy's conference presentation, Mar 31, 2010
Slide 1: Red Sky Energy - Presentation to IIR's 8th Annual National Conference CSG 2010
For personal use only Red Sky Energy Presentation to IIR’s 8th Annual National Conference CSG 2010 Rohan Gillespie, Managing Director 31st March 2010
Slide 2: Investing in Coal Seam Gas
Investing in Coal Seam Gas For personal use only • Why invest in exploration for CSG targeted at LNG in Australia? focusing on risk
Slide 3: Why invest in Australia?
Why invest in Australia? For personal use only • Low p political risk • Security of petroleum tenure • Competitive royalty regime • Receptive to foreign capital investment • g industryy and service sector Well established oil/gas
Slide 4: LNG?
Why invest in LNG? For personal use only Growth industry • Represents a fraction of global gas market • M j economies Major i with ith insufficient i ffi i t indigenous i di gas supplies • Average global annual requirement of 15 – 20 mtpa of LNG supply required • Asian LNG demand is forecast to grow
Slide 5: Why CSG for LNG makes sense
Why CSG for LNG makes sense For personal use only • Security of supply has been demonstrated – Across a number of basins in USA – Moranbah: sole supply to TPS, Fairview/ Spring Gully/ Scotia/ Peat/Berwyndale operating history – Large number of wells creates portfolio effect – Only need 2P certificat
Slide 6: Why exploration for CSG?
Why invest in exploration for CSG? For personal use only • Lower entry price – Very large premium payable for later stage entry • Lower perception of risk – Track record • Most coal basins have been proven to work for CSG • Higher probability of converting Prospective Resources to Contingent Resourc
Slide 7: Key players in LNG
Key players in LNG For personal use only Key Players Globally Value Proposition for investing • Developers/Traders • Developers/Traders – Shell, BG, Conoco, Petronas, Woodside, • Book reserves BP, Exxon, Mitsubishi, Mitsui, GDF Suez, • Monetise stranded upstream positions Marathon, Eni, Repsol YPF,
Slide 8: Available entry positions
Available entry positions For personal use only • Proposed LNG projects in Gladstone will need more gas • Most acreage held – need to work with existing players • Number of independents is shrinking fast Market Company Capitalisation Comments ($m) Bow o Energy e gy 399 Focused ocused o on gas to po
Slide 9: Why work with Red Sky Energy?
Why work with Red Sky Energy? For personal use only • Red Sky is positioning to be attractive to LNG players • Red Sky’s key features are: – Materiality: target portfolio with potential 50tcf gas‐in‐place – Diversity: portfolio of large acreage holdings across a number of basins – Scarcity: major ac
Slide 10: Near term exploration drilling
Near term exploration drilling For personal use only • PEL 467 in Surat Basin, northern NSW • ATP 946 in Eromanga Basin, central QLD • One core hole planned • Two core holes planned • Potential 7tcf gas‐in‐place • Potential 10tcf gas‐in‐place • Spud date target late April • Spud date target mid year
Slide 11: Disclaimer
Disclaimer For personal use only The information presented herein contains predictions, estimates and other forward looking statements that are subject to risk factors that are associated with the oil and gas business. Certain information in this presentation has been derived from third parties and,
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