Galilee Energy Limited · ASX:GLL
Galilee Energy — RIU Good Oil and Gas Energy Conference 2023
19 slides from Galilee Energy's conference presentation, Sep 7, 2023
Slide 1: David Casey, Managing Director & CEO
David Casey Managing Director & CEO 6th & 7th September 2023 ASX: GLL
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Not an Offer or Financial Product Advice - This Presentation is provided for information purposes only and is not a disclosure document as Any forward‐looking statements, opinions and estimates provided in this Presentation necessarily involve uncertainties, defined u
Slide 3: Corporate Snapshot
Corporate Snapshot Corporate structure (ASX: GLL) Share Price & Volume as at 1st September 2023 12 months 339m $0.073 Shares on issue Share price (@ 1st Sep 2023) $24.7m $7.3m Market Cap Cash (30 June 2023) No debt Board & Management Ray Shorrocks | Non-Executive Chairman David Casey | Managing Dire
Slide 4: The Prize…
The Prize… Building a Multi-TCF Fully Integrated Energy Company galilee-energy.com.au | 4
Slide 5: Investment Highlights
Investment Highlights • Up to 5,314 PJ++ of independently certified Contingent Resources in the Permian Betts Creek Beds, Queensland, Australia. • Operatorship and 100% ownership provides maximum flexibility to take project forward. • Sustainable, integrated gas and agriculture business model with h
Slide 6: The History…
The History… A long, well travelled road galilee-energy.com.au | 6
Slide 7: Glenaras Pilot
Glenaras Pilot Capitalising on more than $150m of previous exploration & appraisal expenditure at Glenaras • Over $50MM spent designing, executing and operating one of the most complex and technologically innovative coal seam gas pilots in the world. • Comprises 17 wells drilled across five years: •
Slide 8: Unprecedented Progress
Unprecedented Progress • The LAST 12 MONTHS has seen an unprecedented technical and analytical work programme which has confirmed that the pilot is NOW at a critical juncture with signs of a reservoir in transition. ++ • Zonal pressure testing in GA17A has provided direct evidence that the coals hav
Slide 9: The Challenge…
The Challenge… With the pilot at the lowest pressures recorded to date… where is the gas? galilee-energy.com.au | 9
Slide 10: Transformational Pressure Depletion
Transformational Pressure Depletion Glenaras 20 Pressure Build-Up Surveys 225 psi depletion in 9 months Sept 2021 July 2022 April 2023 • Recent shield wells have successfully depleted the reservoir more than ever before, as evidenced by extensive pressure surveys. Rodney Creek 8 Pressure Glenaras 21
Slide 11: So what's potentially inhibiting the gas?
So what’s potentially inhibiting the gas? • Early stage desorbed gas dissolving into dominant water stream? • Possible that very high water rates are masking actual gas desorption, but continued depressurisation will overcome this. • GA3 recommissioned up dip of pilot to capture any migrating gas. •
Slide 12: The Solution…
The Solution… Patience and or potential additional drilling galilee-energy.com.au | 12
Slide 13: More time or more drilling?
More time or more drilling? Either way, recent work has confirmed that Glenaras is on track to critical desorption in the coming months • It is clear from the recent pressure testing operations that despite achieving the targeted pressure objectives for last year’s programme, more time is required t
Slide 14: The way forward…
The way forward… Ideally placed to address any future emission challenges with proactive genuine alternatives galilee-energy.com.au | 14
Slide 15: Sustainable and Diversified
Sustainable and Diversified • Multiple carbon abatement opportunities exist including solar, hydrogen and subsurface CO2 sequestration. • Hydrogen generation supported by very high temperature of produced water (~70 degrees Celsius), which reduces the incremental heating and associated energy requir
Slide 16: So why GLL?
So why GLL? Galilee Energy has never been cheaper yet the Glenaras pilot is now the most advanced and well understood it has ever been… galilee-energy.com.au | 16
Slide 17: Never a Better Buying Opportunity…
Never a Better Buying Opportunity… Share Price The share price has never been lower while the reservoir at Glenaras, as complex as it is, has never been better understood, with the pressure lower and on the cusp of critical desorption, at any point in the project's history RIU Good Oil and Gas Energ
Slide 18: In summary…
In summary… Strong leadership and management team that have had prior success 100% ownership of one of the largest uncontracted multi TCF gas resources on the east coast Genuine diversified and integrated energy and agricultural business model Reservoir never been better understood and on the verge
Slide 19: Registered Office
REGISTERED OFFICE Level 6, 167 Eagle Street, Brisbane QLD 4000 GPO Box 1944 Phone: +61 7 3177 9970 Email: admin@galilee-energy.com.au
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