Comet Ridge Ltd · ASX:COI
Comet Ridge — RBS Morgans Unconventional Oil & Gas Day 2011
14 slides from Comet Ridge's conference presentation, May 3, 2011
Slide 1: Comet Ridge Limited
Comet Ridge Limited Tor McCaul, Managing Director RBS Morgans Unconventional Oil & Gas Day Sydney, 3 May 2011
Slide 2: Corporate Overview
Corporate Overview 2 Capital Structure – ASX: COI 12 Month Share Price Performance Share price: $0.35 3,000 A$0.145 (as at 29 April 2011) $0.30 2,500 Shares on issue (million): 307.4 $0.25 2,000 Unlisted options (million): 29.1 $0.20 1,500 Undiluted market cap: A$44.6m $0.15 1,000 Fully diluted mark
Slide 3: Area of Focus
IS Area of Focus Comet Ridge Limited Galilee Basin Mahalo Brisbane Gunnedah Basin Sydney Auckland @ 3622 km ( ‘) © he ras v (479 km’) if (170 km’) Y @ Christchurch ae ASX Code: COI www.cometridge.com.au
Slide 4: Comet Ridge Management and Board
Comet Ridge Management and Board 4 Management: Board of Directors: Tor McCaul Managing Director James McKay Non Exec. Chairman Petroleum Engineering background with over 20 years’ Commercial and legal background with over 20 years’ upstream oil and gas experience. LNG experience from experience in b
Slide 5: Comet Ridge Strategy
Comet Ridge Strategy 5 Maximise shareholder leverage to exploration upside through exposure to projects in the early phase of the exploration cycle Take material equity positions in key Coal Seam Gas basins to diversify exposure • COI has material positions in the Bowen, Gunnedah and Galilee Bas
Slide 6: Resource Base Building
Resource Base Building 6 Significant Contingent & Prospective Resource bookings (in excess of 4100 PJ) achieved: • ATP 337P Mahalo (Bowen Basin) • ATP 744P Galilee (Gunn Project Area) • PEL 427 & PEL 428 (northern Gunnedah NSW) Comet Ridge Limited – Net Recoverable Resources Contingent Prospective
Slide 7: Galilee Basin - ATP 743P & ATP 744P
Galilee Basin - ATP 743P & ATP 744P 7 100% interest in both ATP 743P & ATP 744P Initial Contingent & Prospective Resource booking of 1870 PJ & 597 PJ for Gunn Project Area Substantial acreage position in eastern Galilee Basin • Permits very large at 12,991 km2 Five wells drilled in explorati
Slide 8: Bowen Basin - ATP 337P Mahalo
Bowen Basin - ATP 337P Mahalo 8 Significant net Contingent Resource certified at 442 PJ Block located near existing and proposed pipeline infrastructure JV Partners Santos and APLNG (Origin-Conoco) each have LNG projects proposed for Gladstone 2011 JV budget approved and includes pilot schem
Slide 9: Gunnedah Basin
Gunnedah Basin 9 COI permits very large and cover 13,028 km2 of the northern Gunnedah Basin • PEL 427 (COI 25%) • PEL 428 (COI 40%) CSG exploration operated by Eastern Star Gas • located north and west of ESG’s Narrabri Gas Project in PEL 238 Significant CSG potential in the Bellata and Pillig
Slide 10: Gunnedah Basin - PEL 428 exploration
Gunnedah Basin - PEL 428 exploration 10 Focus in PEL 428 so far has been in the north of the permit South of permit has had little CSG exploration activity Seismic acquisition over southern section of Pilliga Trough scheduled for mid 2011 • Focus on imaging CSG and Conventional oil and gas tar
Slide 11: New Zealand Blocks
New Zealand Blocks 11 NZ tenement portfolio consists of 100% interest in three permits covering 8,600 km2 Airborne magnetic and radiometric survey completed with gradiometry survey underway • First of its kind for CSG in NZ • Results to date show much better definition of block structural archit
Slide 12: USA – Comet Ridge Resources LLC
USA – Comet Ridge Resources LLC 12 COI has a 17.257% equity interest in Comet Ridge Resources LLC Florence field in Colorado averaging 631 bbl/day gross oil production during January quarter • Net back prices for March in excess of $95 per bbl • Drilling commenced on six new oil appraisal/develo
Slide 13: The next 12 months
The next 12 months 13 Galilee Basin work programme focusing on structure ahead of the next drilling programme / pilot scheme • Seismic acquisition to better define the Structural Nose in Gunn project area & locate the pilot • Technical planning for Pilot Scheme will continue ATP 337P Mahalo pilo
Slide 14: General Disclaimer
General Disclaimer 14 This document has been prepared by Comet Ridge Limited to provide existing and prospective investors in Comet Ridge Limited with an update on the Company and its operations. This presentation, including the information contained in this disclaimer, does not constitute an of
Comet Ridge — RBS Morgans Unconventional Oil & Gas Day 2011 on 6ix