Metgasco Ltd · ASX:MEL

Metgasco — ASX Small to Mid Caps Conference - London (March 2010)

24 slides from Metgasco's conference presentation, Mar 11, 2010

  1. Slide 1: Presentation to ASX Small to Mid Caps Conference - London

    For personal use only Presentation to ASX Small to Mid Caps Conference - London Glenda McLoughlin – Director and Chief Financial Officer 12 March 2010

  2. Slide 2: Corporate overview

    Corporate overview For personal use only  Onshore oil and gas exploration close to markets on east coast of Australia  Approximately 250 million shares on issue and 6 million options  Market cap A$150 million @$0.60 (8 Mar 2009)  Cash A$29 million (31 Dec 2009)  No debt  Unconventional gas res

  3. Slide 3: Projects are close to markets & infrastructure

    Projects are close to markets & infrastructure For personal use only  Large acreage position in the Clarence Moreton Basin in northern NSW  Clarence Moreton is the southern extension of the Surat basin in Queensland  100% ownership and operatorship control Gross area (km2) PEL 16 826 PEL 13 900 P

  4. Slide 4: Board and Management

    Board and Management B Board d M Management t&T Technical h i l Team T For personal use only DR PETER POWER Chairman MICK O’BRIEN Chief Operating Officer Geologist with 50 years experience in hydrocarbon Over 30 years experience in senior engineering exploration worldwide in senior roles. roles Prev

  5. Slide 5: Achievements in last months

    Achievements in last 12 months  First conventional gas discovery – Kingfisher E1. Well flowed at 2.97 million For personal use only scfd on test of bottom zone. Additional zones to be tested  Achievements in our coal seam g gas appraisal pp p program g include:  First proven (1P) reserves from ou

  6. Slide 6: Asset location - Clarence Moreton basin in NSW

    Asset location - Clarence Moreton basin in NSW  Large underexplored petroleum basin on For personal use only the east coast of Australia  Metgasco has demonstrated that the basin is gas charged with a coal seam gas resource covering more than 100 km of strike  Metgasco iis utilising M ili i new t

  7. Slide 7: Difference between conventional and unconventional plays

    Difference between conventional and unconventional plays For personal use only Unconventional  Typically low permeability reservoirs that produce Coal seam, seam shale shale, tight gas mainly dry natural gas  Vast resource base  Low exploration risk – we know the coals are there and they contain

  8. Slide 8: Opening up the vast energy resources of the Clarence Moreton basin

    Opening up the vast energy resources of the Clarence Moreton basin For personal use only Unconventional Coal seam, seam shale shale, tight gas Conventional  Walloon Coal Measures  Conventional units are focus of all Metgasco CSG lateral equivalents of work to date where all gas primary producing r

  9. Slide 9: Multi TCF scale CSG play with established reserves

    Multi TCF scale CSG play with established reserves For personal use only 2500 1P 2P 3P 2,239 2000 1,538 1P 2P 3P 1500 1,389 PJ 2.7 397 2,239 1,127 Mmboe 0.46 68 385 1000 500 397 247 298 22 2.7 2.7 0 2007 2008 2009 2010 Reserves have been certified by Mr Tim Hower of MHA Petroleum Consultants (Denver

  10. Slide 10: Once in a generation structural change in the Australian gas sector

    Once in a generation structural change in the Australian g gas sector - $24 billion in acquisitions q in For personal use only past 2 years  Growth in Asian LNG demand has led to a land grab for Australian unconventional assets  Feb 2008 – BG Farms into QGC ($815 million)  May 2008 – Petronas far

  11. Slide 11: Development of the Australian CSG Sector – Growth in Market Cap from IPO

    Development of the Australian CSG Sector – Growth in Market Cap from date of IPO For personal use only 6000 QGC SHG PES SGL AOE ESG MEL QGC 5000 4000 ap ($ million) AOE 3000 Market Ca 2000 SHG PES 1000 ESG MEL SGL 0 2 10 18 26 34 42 50 58 66 74 82 90 98 106 114 Months since IPO Metgasco on track in

  12. Slide 12: Coal Seam Gas

    For personal use only Coal Seam Gas 12

  13. Slide 13: Successful trial of CSG horizontal drilling

    Successful trial of CSG horizontal drilling For personal use only Avg Gas rate = 172Mscf/d 1000 Avg Water rate = 58 bbls/d Cum gas prodn = 89476 Mscf CP‐11 Production Profile Cum water prodn = 46218 bbls 100 10 1 0 100 200 300 400 500 600 700 800 Gas production Mscf/d Water production BBL/d  Lead w

  14. Slide 14: Next generation pilot wells

    Next generation pilot wells For personal use only  Multilaterals allowing more exposure to the coal and increased production rates  I l Implement t identified id tifi d ddrilling illi and d completion l ti ttechniques h i  Located in identified high priority locations  Corella P18 is first next

  15. Slide 15: Conventional Exploration

    For personal use only Conventional Exploration 15

  16. Slide 16: Kingfisher E1 – Conventional Gas Discovery

    Kingfisher E1 – Conventional Gas Discovery  Kingfisher E1 reached Total Depth (TD) of 2,090 For personal use only metres on 27 November 2009.  Multiple gas bearing sands were identified during drilling. drilling  Wireline logs identified up to 138 metres of possible gas bearing sands with 30 metr

  17. Slide 17: Emerging portfolio of conventional potential

    Emerging portfolio of conventional potential For personal use only PEL 16 - Leads and Prospects (OGIP )  Previously unknown mid-basin mid basin high has been identified by PMean P10 Metgasco (Bcf) (Bcf)  Large number of leads and Mackellar 63 688 prospects identified with upside Mackellar North 14

  18. Slide 18: Beyond reserve development and into production

    For personal use only Beyond reserve development and into production 18

  19. Slide 19: Corporate activity in 2009 allows a clearer path for development

    Corporate activity in 2009 allows a clearer path for development For personal use only  Repurchase of Suncor Gross Overide Royalty (PEL 16)  Repurchase of CSE 15% Working interest in Stratheden Joint Venture (PEL 16)  Acquisition of working interests in PEL 426 and PEL13 from Molopo Australia  M

  20. Slide 20: Richmond Valley Power Station under development

    Richmond Valley Power Station under development For personal use only  30MW gas fired power station l located t d att Casino C i requiring ii 2.5PJ of gas per annum  Field development studies complete  Environmental assessment lodged with NSW Dept of Planning on 11 August 2008 – waiting for devel

  21. Slide 21: PEL Sell down process

    PEL 16 Sell down process For personal use only  Metgasco has commenced a process to identify potential partners for its interests in PEL 16 16.  With proven gas reserves demonstrated and a large 2P reserve position (397 PJ) established, the Company considers that this is an appropriate time to enc

  22. Slide 22: Forward Plans

    For personal use only Forward Plans 22

  23. Slide 23: 2010 Activities

    2010 Activities  Exploration experience combined with seismic data and coal For personal use only Activitymapping now sufficientPurpose to identify csg sweetspots. Identification of  Seismic to assist in fairway identification and mapping high potential  2-4 pilot wells and ongoing production tes

  24. Slide 24: 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

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