Galilee Energy Limited · ASX:GLL

Galilee Energy — Shareholder Meeting (November 2016)

16 slides from Galilee Energy's shareholder meeting presentation, Nov 18, 2016

  1. Slide 1: AGM Presentation

    November 2016 For personal use only AGM PRESENTATION ASX: GLL Peter Lansom Managing Director

  2. Slide 2: Company overview

    Company overview For personal use only  Oil and gas explorer with strong balance sheet  Experienced management team with a demonstrated hands-on track record of top tier Australian CSG and conventional exploration success  Strong shareholder alignment with the directors and management who are wel

  3. Slide 3: Corporate snapshot

    Corporate snapshot For personal use only Financial information Top shareholders Share price (8-Nov-16) A$0.115 Ecarlate 12.1% Slade Technologies Pty Ltd 3.9% Number of shares1 152.1M Becamal 3.6% Market capitalisation A$17.5M Mr P and Mrs S Bilston 2.9% Cash (30-Sep-15) A$6.7M Directors and manageme

  4. Slide 4: Prudent cash management

    Prudent cash management For personal use only GALILEE’S NEW STRATEGY HAS REDUCED CORPORATE EXPENDITURE AND FOCUSED FUNDS ON EXPLORATION  Galilee has continued to reduce corporate expenditure consistently over the last 3 years  Galilee has no debt outstanding and is fully funded for our ongoing exp

  5. Slide 5: Outstanding operational delivery

    Outstanding operational delivery For personal use only SUSTAINED OPERATIONAL PERFORMANCE FOCUSED ON RESULTS  Galilee has continued to be an active explorer during the current industry downturn  Excellent time for exploration, with strong supplier competition and heavily reduced rig and labour cost

  6. Slide 6: Glenaras Gas Project - Galilee Basin

    Glenaras Gas Project - Galilee Basin For personal use only GLENARAS GAS PROJECT (GGP) IS GALILEE’S FOUNDATION ASSET AND REMAINS A KEY EXPLORATION FOCUS  Potential to become a key supplier to the structurally undersupplied east coast gas market  Very large, yet to be contracted, resource  High res

  7. Slide 7: Glenaras Gas Project contingent resources

    Glenaras Gas Project contingent resources For personal use only 2015 ASSESSMENT SIGNIFICANTLY INCREASED THE GGP RESOURCES AND HIGHLIGHTS ITS POTENTIAL VALUE  2015 MHA Resource Assessment significantly upgraded the Contingent Resources at the GGP  Converting the 2C resources to 2P reserves is the k

  8. Slide 8: CSG properties of Betts Creek

    CSG properties of Betts Creek For personal use only BETTS CREEK COAL EXHIBITS EXCELLENT CSG PROPERTIES  Successful CSG projects require three key parameters: – Resource Concentration (thickness, gas content) ✓ – Productivity (thickness, permeability) ✓ – Pressure drawdown in the coal (well design)

  9. Slide 9: Glenaras R1 seam – Vertical well pilot

    Glenaras R1 seam – Vertical well pilot For personal use only THE R1 SEAM TEST WAS THE LOWEST COST OPTION TO APPRAISE THE SIGNIFICANT RESOURCE  R1 seam is the thickest seam, never completed in initial pilot testing at Glenaras. Not affected by previous fracture stimulations.  All five vertical well

  10. Slide 10: Glenaras R1 seam – Lateral Well

    Glenaras R1 seam – Lateral Well For personal use only ADDITIONAL OFFTAKE NEEDED TO ACHIEVE GAS DESORPTION OVER A LARGER AREA  Modelling of the vertical well pilot showed additional production offtake was needed in order to expedite pilot results. – combination of lower permeability in R1 seam in th

  11. Slide 11: Glenaras R1 seam – Lateral well

    Glenaras R1 seam – Lateral well For personal use only EARLY RESULTS ENCOURAGING WITH STRONG WATER RATES AND WELL INTERFERENCE  Early production testing results has indicated excellent results from the Glenaras lateral.  Production offtake is significantly increased with the lateral well producing

  12. Slide 12: East Coast gas market structurally short

    East Coast gas market structurally short For personal use only REAL POTENTIAL FOR GALILEE BASIN TO BE A SIGNIFICANT NEW GAS SUPPLY SOURCE  Recent analysis indicates the combined domestic and export market can take more gas than available – AGL evaluating LNG import options  Limited ability of exis

  13. Slide 13: Several pipeline options

    Several pipeline options For personal use only CONNECTION TO THE MARKET WILL DEPEND ON THE PRIMARY MARKET  Galilee are in discussion with a number of buyers, both domestic and export focussed.  Ultimate primary market will drive pipeline route  Early stage commercialisation option to Barcaldine P

  14. Slide 14: Share price catalysts

    Share price catalysts For personal use only GALILEE HAS SEVERAL OPERATIONAL AND MACRO CATALYSTS UPCOMING IN THE NEXT 6 MONTHS GLENARAS  R1 coal seam production testing currently underway Commercial  Program expected to continue through early 2017 flow results  Success would be critical in convert

  15. Slide 15: Competent Person's Statement

    Competent Person’s Statement For personal use only Competent Persons Statement & Listing Rule 5 Reporting on Oil & Gas Activities The estimate of Contingent Resources for the ATP 529 as appears on page 7 of this presentation, is based on, and fairly represents, information and supporting documentati

  16. Slide 16: Disclaimer

    Disclaimer For personal use only This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and

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