Slide 1: QEC Presentation October 2020
For personal use only QEC Presentation October 2020 ASX:GAS
Slide 2: Disclaimer
For personal use only Disclaimer Disclaimer Future Performance This presentation (Presentation) has been prepared by State Gas Limited (ACN 617 322 This Presentation contains certain “forward looking statements”. Forward-looking 488) (State Gas). The Presentation and information contained in it is b
Slide 3: Project Areas
For personal use only Project Areas • Reid’s Dome & Rolleston West; • 1588 km2 of combined acreage • PL 231 – 174 km2 • ATP 2062 – 1414 km2 • Highly prospective Bowen Basin sequence • Multiple conventional and unconventional targets • Less than 50 km from Queensland Gas Pipeline network • Single own
Slide 4: PL-231 Update
PL-231 Update • State Gas drilled 4 wells to date - 100% successful For personal use only – Primero West-1 extended the Staircase Sandstone member of the Cattle Creek Formation ~ 1 km farther west. – Nyanda-4 discovered gas in the Reids Dome Beds (RDB) coal measures. Gas flowing close to 500 mscfd –
Slide 5: ATP-2062
ATP-2062 • 1414 km2 contiguous with PL-231 For personal use only • Early – Late Permian sequence including: – Bandanna Formation (CSG, proven commercial) – Rewan Formation (conventional gas, proven commercial) – Aldebaran Sandstone (conventional gas, proven commercial) – Cattle Creek Formation (shal
Slide 6: The Market
For personal use only The Market Supply Demand Policy Impacts: Bass Strait in long term decline Asia markets recovering – Qld Federal Government Gas - led Recovery 1. East Coast shortfalls from 2023 LNG exports to Cattle Creek Formation: Major LNG Projects cancelled /deferred increase 2. 3-way Capac
Slide 7: Questions?
For personal use only ASX:GAS Questions?
Slide 8: Contact
For personal use only Contact Level 8 46 Edward Street Brisbane QLD 4000 Australia Email info@stategas.com stategas.com