Metgasco Ltd · ASX:MEL
Metgasco — Investor Presentation (August 2008)
18 slides from Metgasco's investor presentation, Aug 6, 2008
Slide 1: Investor Presentation August 2008
For personal use only Investor Presentation August 2008
Slide 2: Disclaimer
Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with the oil and gas business. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables an
Slide 3: Presentation Guide
Presentation Guide For personal use only ► INTRODUCTION ► DESCRIPTION OF ACTIVITIES ► Location ► Conventional Hydrocarbons ► Coalseam Gas ► Project Development ► CORPORATE DETAILS ► SUMMARY 3
Slide 4: Introduction
Introduction For personal use only ► Metgasco is an ASX listed CSG and conventional oil and gas explorer & developer ► Identified CSG Reserves of in excess of 1.3 Tcf and growing ► A significant underexplored acreage position with emerging conventional potential ► Strategically located on the doorst
Slide 5: Location
Description of Activities - Location For personal use only ► Focus of activities is northern New South Wales ► Large land position of 6,000km2 ► PEL 16, 205,000 acres (96%) ► PEL 13, 408,000 acres (75% CSG rights and earning 50% conventional rights) ► PEL 426, 852,000 acres (earning up to 50% in bot
Slide 6: Location: Clarence Moreton Basin
Description of Activities - Location For personal use only ► The Clarence Moreton Basin, one of the most underexplored basins on the east coast of Australia ► Triassic – Jurassic - Cretaceous rift basin. ► New data on basement depth & extent of basin ► In NSW covers approximately 16,000 km² with abo
Slide 7: Conventional Exploration
Description of Activities – Conventional Exploration For personal use only ► Grafton racecourse water bore drilled in 1902 still flowing in 1938 ► Previous Flows at Hogarth,Clifden ► Irregular seismic coverage, “old” drilling technology ► Metgasco has reprocessed and interpreted over 500km of pre ex
Slide 8: Conventional Exploration: RE-14 gas discovery
Description of Activities – Conventional Exploration For personal use only 1km Riflebird E14 8 ► RE-14 gas discovery ► Gas flows following the perforation and testing of three sandstone intervals in the Heifer Creek Sandstone ► Estimated cumulative net pay of between 9m and 15m ► Discovery significa
Slide 9: Conventional Exploration
Description of Activities – Conventional Exploration For personal use only 9
Slide 10: Coalseam Gas
Description of Activities – Coalseam Gas For personal use only ► Evaluating the Walloon Coal Measures ► High rank, high gas content, medium volatile bituminous coals, moderate to low permeability ► 20,000m of core drilling since January 2007 ► Drilling over only 300km² ► Data processing still underw
Slide 11: Coalseam Gas: 2P Reserves
Description of Activities – Coalseam Gas For personal use only 350 298 300 247 250 194 200 150 129 100 50 22 0 2P Reserves (PJ) 11
Slide 12: Coalseam Gas
Description of Activities – Coalseam Gas For personal use only 12
Slide 13: Coalseam Gas: Trial production program
Description of Activities – Coalseam Gas For personal use only ► Trial production program commenced December 2007 ► 6 Completed SIS Wells in area of over 120km² ► Use of Ensign ADR 100 technology ► 7 day wells >1000m in seam length achieveable ► Lead well currently producing between 150-180 Mcf/d an
Slide 14: Project Development - RVPS
Description of Activities – Project Development - RVPS 30MW gas fired power station located at For personal use only ► Casino requiring ~2.5Pj/A ► Field development studies complete, EA to be lodged ► Power Station land requirements completed ► Connection studies completed ► PPA discussions to comme
Slide 15: Project Development – SJV/CIP
Description of Activities – Project Development – SJV/CIP For personal use only ► 15 PJ/A gas supply to CSE at Swanbank, Queensland ► Core drilling program completed ► 2P Reserve progress ► Additional 2P Reserves expected ► Pilot Production program evaluation ► Field development studies continuing ►
Slide 16: Corporate Details
Corporate Details For personal use only Listed Dec 2004 ASX Code MEL Share Price $0.80 Market Cap $106 million Shares on Issue 133 million Options on Issue 18 million Shareholders 2,150 Cash on Hand $ 6.5 million (As at 28.07.08) Page 16 16
Slide 17: Corporate Details: Directors and Management
Corporate Details Directors For personal use only Management ► Dr Peter Power – Chairman ► Kevin Dixon – General Manager Gas Marketing Former Managing Director of Ampolex. Past Chairman of Former Head of Strategy for Australian Pipelines APPEA. Past President of Australian Geoscience Council Trust,
Slide 18: In Summary…
In Summary… For personal use only ► Metgasco holds the largest certified gas reserves in NSW ► Substantial reserve upgrade program underway ► Exploration is now beginning to reveal additional conventional gas resources ► Access to energy resources is key; MEL is close to markets and infrastructure ►