Galilee Energy Limited · ASX:GLL
Galilee Energy — Shareholder Meeting (November 2011)
11 slides from Galilee Energy's shareholder meeting presentation, Nov 21, 2011
Slide 1: Annual General Meeting 2011
For personal use only Annual General Meeting 2011 Glenn Haworth CEO 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 affe
Slide 2: Exploring a large-scale coal seam gas project
Exploring a large-scale coal seam gas project For personal use only Strategy Mid term - Deliver coal seam gas Demonstrate commerciality Establish Proved & Probable Gas Reserves (2P) Supply natural gas to Queensland Short term – Acquire cash flow Acquire oil and gas projects to provide positive cash
Slide 3: Science based decision making
Interpretation Gravity survey* For personal use only Exploration well 2D Seismic science based decision making * Source: Geological Survey of Queensland 3
Slide 4: Stratigraphic relationship
Stratigraphic relationship For personal use only L R Eromanga Basin Winton Fm Hutton ss Mackunda Fm Allaru ms Moolayember Fm Clematis ss Wallumbilla Fm Dunda beds Cadna-Owie Fm Rewan Fm Hooray ss Galilee Basin Westbourne Fm Betts Creek Beds Adori ss Colinlea ss Birkhead Fm Aramac coal measures Jochm
Slide 5: The Great Artesian Basin
The Great Artesian Basin For personal use only Source: DERM Queensland need to demonstrate well integrity 5
Slide 6: Extensive coal seam gas resource
Extensive coal seam gas resource For personal use only Betts Creek Beds (Permian) o Best reservoir properties o Good to moderate permeability from natural coal fractures o Thick coal intervals up 35m net at Rodney Creek o Gas contents in the Galilee Basin are generally low Coal province o Range from
Slide 7: Galilee Gas Project (ATP 529P)
Galilee Gas Project (ATP 529P) For personal use only Legacy seismic Glenaras Pilot Rodney Creek Pilot Modern seismic CSG Well Oil/Gas Well Resource area exciting progress 7
Slide 8: Path to commercialisation
Path to commercialisation For personal use only 20 tcf Gas initially in place** 2P Reserves 1 tcf Contingent Resource Pilot 3 etc. Acacia 1 Pilot 2 Glenaras Crossmore 1990s Now Crossmore South Vera Park Resource Field development and Gas Exploration and appraisal identification market analysis produ
Slide 9: Attractive gas outlook
Attractive gas outlook For personal use only $9.00 $7.00 Price ($/GJ) $5.00 Townsville Mount Isa $3.00 Cannington RH Moranbah LH Forecast annual new contracts Longreach Source: Gas Market Review Queensland (2011), Qld .Government CGP Barcaldine Gladstone Key Pipeline ~Capacity QGP CGP Carpentaria Ga
Slide 10: Environment and local issues
Environment and local issues For personal use only strong commitment to community and environment 10
Slide 11: Questions
For personal use only Questions 11