Metgasco Ltd · ASX:MEL
Metgasco — IIR 6th Annual National CSM-CMM Conference 2008
16 slides from Metgasco's conference presentation, May 22, 2008
Slide 1: Developing Gas Reserves in New South Wales
For personal use only Developing Gas Reserves in New South Wales IIR 6th Annual National CSM-CMM Conference : May 2008
Slide 2: Disclaimer
Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with the oil and gas business. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables an
Slide 3: Presentation Guide
Presentation Guide ► INTRODUCTION For personal use only ► DESCRIPTION OF ACTIVITIES ► Location ► Conventional Exploration ► Coalseam Gas ► Exploration ► Reserve Development ► Trial Production Program ► Project Development ► Richmond Valley Power Station ► Stratheden JV & Casino-Ipswich Pipeline ► CO
Slide 4: Introduction
Introduction For personal use only ► Metgasco is an ASX listed CSG and conventional oil and gas explorer & developer ► Identified Reserves of in excess of 1.3 Tcf ► A significant underexplored acreage position ► Strategically located on the doorstep of the SE Qld market ► A clear commercial pathway
Slide 5: Location
Description of Activities - Location For personal use only ► Focus on the NSW Clarence Moreton basin, one of the most unexplored petroleum basins on the east coast of Australia ► Triassic - Jurassic – Cretaceous basin ► Conventional oil & gas potential ► Coal Seam Gas (“CSG”) potential ► Large land
Slide 6: Conventional Exploration
Description of Activities – Conventional Exploration For personal use only ► Substantial untested conventional potential with lateral equivalents of Surat Basin reservoirs ► Heifer Ck Sandstone (Hutton) ► Gatton formation (Evergreen) ► Ripley Rd Formation (Precipice) ► New data on basement depth & e
Slide 7: Conventional Exploration
Description of Activities – Conventional Exploration For personal use only 7
Slide 8: CSG – Exploration
Description of Activities – CSG – Exploration For personal use only ► Evaluating the Walloon Coal Measures ► High rank, high gas content medium volatile bituminous coals, moderate to low permeability ► 20,000m of core drilling since January 2007 ► Drilling over only 300km² ► Data processing still un
Slide 9: CSG – Reserve Development
Description of Activities – CSG – Reserve Development For personal use only 300 247 250 194 200 150 129 100 50 22 0 2P Reserves (PJ) 9
Slide 10: CSG – Reserve Development
Description of Activities – CSG – Reserve Development For personal use only 10
Slide 11: CSG – Trial Production
Description of Activities – CSG – Trial Production For personal use only ► Trial production program commenced December 2007 ► Use of Ensign ADR 100 technology ► 6 Completed SIS Wells in area of over 120km² ► Different seams completed ► Variable in seam lengths ► Preliminary results show: ► Variable
Slide 12: Project Development - RVPS
Description of Activities – Project Development - RVPS 30MW gas fired power station located at For personal use only ► Casino requiring ~2.5Pj/A ► Field development studies complete ► EA lodged ► Power Station land requirements completed ► Connection studies completed ► PPA discussions to commence ►
Slide 13: Project Development – SJV/CIP
Description of Activities – Project Development – SJV/CIP For personal use only ► 15 PJ/A gas supply to CSE at Swanbank, Queensland ► Core drilling program completed ► 2P Reserve progress ► Additional 2P Reserves expected ► Pilot Production program evaluation ► Field development studies continuing ►
Slide 14: Company Overview – Capital Structure
For personal use only Listed ASX Code Market Cap Share Price (As at 20.05.08) Shareholders Cash on Hand Shares on Issue Options on Issue MEL 2,150 $1.10 Dec 2004 18 million 133 million $9.5 million $156 million Page 14 0 1000000 2000000 3000000 12/1/2006 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1/12/2006 1/1/200
Slide 15: Company Overview – Board and Management
Company Overview – Board and Management Directors For personal use only Management ► Dr Peter Power – Chairman ► Kevin Dixon – General Manager Gas Marketing Former Managing Director of Ampolex. Past Chairman of Former Head of Strategy for Australian Pipelines APPEA. Past President of Australian Geos
Slide 16: In Summary…
In Summary… For personal use only ► Metgasco holds the largest certified gas reserves in NSW. ► Substantial reserve upgrade program underway ► Exploration is now beginning to reveal additional conventional gas resources ► Access to energy resources is key; MEL is close to markets and infrastructure
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