Comet Ridge Ltd · ASX:COI
Comet Ridge — RBC Capital Markets 2024 Australian Energy Forum
11 slides from Comet Ridge's conference presentation, Oct 31, 2024
Slide 1: RBC Capital Markets 2024 Australian Energy Forum
RBC Capital Markets 2024 Australian Energy Forum For personal use only Tor McCaul, Managing Director 31 October 2024
Slide 2: Important notice and disclaimer
COMET RIDGE | A compelling east coast gas play Important notice and disclaimer For personal use only Disclaimer Future performance This presentation (Presentation) has been prepared by Comet Ridge Limited (ABN 47 106 092 577) (Comet This Presentation contains certain “forward-looking statements”. Fo
Slide 3: Bringing new energy to Australia's east coast gas market
COMET RIDGE | A compelling east coast gas play Bringing new energy to Australia’s east coast gas market For personal use only Large 2P & 2C Demonstrated Mahalo JV is Additional 100% held Reserve and productivity from development ready acreage at Mahalo Resource position, three successful with key up
Slide 4: Gas Hub: Large gas development close to QGP and GLNG pipelines
COMET RIDGE | A compelling east coast gas play For personal use only Mahalo Gas Hub: Large gas development close to QGP (domestic) and GLNG (export) pipelines Page 4
Slide 5: Material Certified Gas Reserves and Resources
COMET RIDGE | A compelling east coast gas play Mahalo Gas Hub: Material Certified Gas Reserves and Resources Net 2P + 2C of 406 PJ; 3P + 3C of 827 PJ Net For personal use only Mahalo Gas Hub COI Net Reserves* Contingent Area permits interest (PJ) Resources* (PJ) km2 % 2P 3P 2C 3C Mahalo JV project (
Slide 6: Three successful lateral pilots have demonstrated fairway productivity and commerciality
COMET RIDGE | A compelling east coast gas play Three successful lateral pilots have demonstrated Mahalo Gas Hub fairway productivity and commerciality Gas Rate Project Achieved For personal use only 0.43 MMcfd Mahalo JV 1.44 MMcfd Mahalo JV 1.75 MMcfd Mahalo North (100% COI) Page 6
Slide 7: Mahalo area progressing to be a major east coast hub
COMET RIDGE | A compelling east coast gas play Mahalo area progressing to be a major east coast hub – proven gas rates close to infrastructure in the east coast market • High productivity shallow reservoir - lower capex and lower cost gas • Proven production from three lateral pilots throughout the
Slide 8: Status of key projects
COMET RIDGE | A compelling east coast gas play Mahalo Gas Hub – status of key projects Development can move forward over a very wide area, in phases, with further gas upside to the south and northeast For personal use only Mahalo Joint Venture Mahalo North Mahalo East (COI 57.14%; STO 42.86% and Ope
Slide 9: Queensland Government funding and new block award
COMET RIDGE | A compelling east coast gas play Queensland Government funding and new block award These new funding and block awards highlight the importance of Mahalo Gas Hub to Queensland’s future gas supply mix For personal use only Mahalo East Mahalo Far East Extension • Comet Ridge has been awar
Slide 10: Comet Ridge: key messages
COMET RIDGE | A compelling east coast gas play Comet Ridge: key messages For personal use only The role of natural gas in East coast energy market Comet Ridge Mahalo Gas Status of approvals and Australia is strained Hub, east of Gladstone development funding and building Page 10 * BOO: Build, own an
Slide 11: Corporate overview
COMET RIDGE | A compelling east coast gas play Corporate overview COI Share Price and Volume - last 12 months Share price Market capitalisation $0.25 10.0m $0.155 $172m For personal use only $0.20 8.0m 29 October 2024 Shares on issue Warrants 1,110m 62.1m* $0.15 6.0m Avg. exercise price 15.3c $0.10
Comet Ridge — RBC Capital Markets 2024 Australian Energy Forum on 6ix