Metgasco Ltd · ASX:MEL
Metgasco — Investor Presentation (November 2012)
15 slides from Metgasco's investor presentation, Nov 1, 2012
Slide 1: NSW CSG Development Vital
For personal use only NSW CSG Development Vital Australia Gas, Global Gas Series November 1, 2012
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: CSG – potential to have a huge influence in NSW
CSG – potential to have a huge influence in NSW NSW more than 1 million gas customers For personal use only NSW has a supply issue from 2014/2015 Northern Rivers area: opportunity to sustain and grow industry through a lower cost, safer and more reliable supply of energy than LPG and diesel
Slide 4: Corporate overview – well positioned to respond to demand for gas
Corporate overview – well positioned to respond to demand for gas For personal use only Metgasco (“MEL”) is an ASX listed, onshore conventional and unconventional gas company, with significant 100% owned acreage in the Clarence Moreton Basin in northern NSW MEL’s pilot wells have demonstrated ec
Slide 5: Significant CSG Reserves Base
Significant CSG Reserves Base World scale acreage position in the Clarence-Moreton Basin 4 tenements (PEL 16, 13, 426 & 130) For personal use only - PEL 130 subject to work program approval 1,107,317 acres in PEL 16, 13, 130 & 426 100% owned Large gas resource potential MEL’s starting ba
Slide 6: 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 7: Further upside from conventional gas discovery
Further upside from conventional gas discovery Kingfisher E01 First major conventional gas discovery in NSW For personal use only (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: 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 9: NSW – Security of supply / importance?
NSW – Security of supply / importance? “The point is that NSW is facing a gas supply crisis…The supply contracts start to run out in For personal use only 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. 14
Slide 10: 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 11: NSW Government gives CSG / Metgasco the green light
NSW Government gives CSG / Metgasco the green light For personal use only “With yet to be tapped coal seam gas reserves representing over 250 years of supply, it’s essential that we start to get Projects moving with proper protection in place." The Hon Chris Hartcher , MP, NSW Minister for resources
Slide 12: Large uncontracted coal seam gas reserves
Large uncontracted coal seam gas reserves Eastern Australian CSG Reserves (PJ) 100% ownership of gas reserves as at 31 December 2011 For personal use only Company 3P 2P Large uncontracted reserve position in QGC 15,675 10,350 Arrow Energy 12,500 7,800 the CSG sector Origin Energy 7,799 5,562 Con
Slide 13: Multiple commercialisation options available
Multiple commercialisation options available Local and Regional markets For personal use only • Local Sales – eg Richmond Dairies • Compressed Natural Gas (CNG)/micro LNG • Local power Generation Domestic and Export • 15PJ to 30 PJ Gas Sales for Domestic & third party sales to LNG Proponents • Stand
Slide 14: CSG – responding to the challenges ahead
CSG – responding to the challenges ahead • Productivity For personal use only Technology • Recoveries • Labour and materials Costs • Supplies Water Management • Huge opportunity for benefits to the community • Resources (people and equipment) and management Schedule • Working efficiently within new
Slide 15: Metgasco is moving ahead
Metgasco is moving ahead Heightened demand for gas NSW faces supply shortages / higher prices as early as 2014 For personal use only Northern Rivers region faces high LPG and diesel costs Gladstone LNG projects require additional gas to meet export commitments Potential for stand-alone LNG