Comet Ridge Ltd · ASX:COI
Comet Ridge — Investor Presentation (January 2006)
21 slides from Comet Ridge's investor presentation, Jan 31, 2006
Slide 1: Investor Update January 2006
31 January 2006 INN Comet Ridge The Company Announcements Officer Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 By Electronic Lodgement Dear Sir/Madam INVESTOR UPDATE Please find attached Comet Ridge's Investor Update presentation for January 2006. Yours sincerel
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Slide 3: Comet Ridge at a glance
ISN Comet Ridge Y Floated 21 months ago — ASX Code: COl ¥ Recently sold Tipton West CSG asset Y Drilling on Mahalo CSG project in QLD imminent ¥ Expanded into the US in 2005 ¥ 3 US projects with drilling planned for Q2 ‘06 Vv MD relocated to Denver, CO V Market cap: ~$14 million — Y $4.8 million cas
Slide 4: Achievements in the past months
ISN Comet Ridge hievement In the past 21 months: ALL mh Y Significant gas reserves @ Tipton West (3P > 2000PJ) VY Significant gas resource @ Mahalo (~ 990 PJ in place) Y Strategic alliance to secure drilling technology Y Strengthened balance sheet. via sale of Tipton West. |
Slide 5: Large scale coal seam gas projects
ISN Comet Ridge Vv Large scale coal seam gas projects v Low risk, close in exploration and rejuvenation of mature oil and gas fields utilizing under-balanced directional drilling technology Y Australia and the USA ~
Slide 6: Project and pipeline locations
ISN Comet Ridge U7 Gan Pipatines Ci Pipelines uraeste Walloon Coat Measures Faleway Gas Fiakde Permian OSG Field Permian Coal Bovine Mahalo Tipton West
Slide 7: Mahalo Project
IN Comet Ridge on Comet Ridge halo Project Santos ¥ Core Project v¥ Earning 40% v Gas Resource ~ 1 TCF ~ v3 wells starting Feb ‘06 — v Flow test inferred gas cap
Slide 8: Mahalo project area map
ISN Comet Ridge Mahato Project Area Potroloum Wolis Dry hofe, Gas Show Cosi Hole Comet Ridge Core Holes Proposed Core Holes ~~" Gas pipeline AAvy Edge of Permian --250~ Depth metres sub seal Structural High @® Gasfisid Pollux Seam Top Bandanna Formation
Slide 9: Tipton West asset sold
ISN Comet Ridge Petroleum Lease PL 198 (20%) 1 ATP BBaP {Miltmerran 0%) ATP G89P- (36%) Asset sold * Cash proceeds of $4.9 million Retained 1.5% gross royalty* “Capped at $8MM
Slide 10: Premium energy market
ISN Comet Ridge v Premium energy market v Broad spectrum of opportunities v Short time from discovery to cash flow v Increased opportunity to apply competitive advantage = On the ground experience & drilling technology
Slide 11: Overlooked coal seam gas opportunities
ISN Comet Ridge Y Overlooked coal seam gas opportunities Y Opportunities to apply directional drilling technology developed in Australia — Lower permeability, high gas content coals — Fractured reservoirs — Mature oil and gas fields —
Slide 12: Comet Ridge
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Slide 13: KEOMETRES
ISN Comet Ridge KEOMETRES
Slide 14: Niobrara Oil Play
obrara Oil Pk ISN Comet Ridge Tow.Creek & Bear River Prospects
Slide 15: Niobrara Oil Play
zemmeobrara Oil Pla * Routt County, Northern Colorado ¢ 2 prospects covering ~10,000 acres ¢ Mature oil field extension/redevelopment ¢ Large structure - fractured Niobrara Fm reservoir * Comet Ridge operator with 37.5% — Partners: Strike Oil & private US companies ¢ 3 wells planned for 2.4 Quarter,
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Slide 17: Tow Creek Project
ISN Comet Ridge iy Tow Creek Project Existing sereage Bear River Prospect Exiving scraage WY River Prospect hew doreage Figure 2, Location of new Bear River Prospect acreage (cross hatched) and Tow Creek Project acreage (prey)
Slide 18: Cedar Creek
_s,.. ¥ dar C reek : * Southern Washington State * Comet Ridge 40% (non-operated) * Coal seam gas and conventional ¢ 115,000 acres under lease or option * Extensive gas shows in coals and sands - Large pipeline crosses area * Drilling planned later this year
Slide 19: Cedar Creek Area
Comet Ridge Torrent Energy CORPORATION Cedar Creek Area aes i y ; nventional Gas.” : |
Slide 20: ISN
ISN Comet Ridge
Slide 21: Disclaimer
=e Disclaimer Comet Ridge Limited has taken all reasonable care in producing the text and images contained on this presentation but does not warrant that the information contained herein is accurate or up to date. The information on these slides is based on publicly available information, internal d