Galilee Energy Limited · ASX:GLL
Galilee Energy — Investor Presentation (March 2013)
12 slides from Galilee Energy's investor presentation, March 2013
Slide 1: Excellence in Oil and Gas: March 2013
Excellence in Oil and Gas: March 2013 Glenn Haworth CEO Simon Brodie CFO 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
Slide 2: Creating a hydrocarbon energy company trading well below cash
Creating a hydrocarbon energy company A well funded Brisbane based hydrocarbon energy company with two Shareholdings – 4 March 2013 Name No of shares % of shares prospective coal seam gas tenements in Becamel Pty Ltd 25,643,142 16.85 the Galilee Basin. Ecarlate Pty Ltd 18,342,608 12.06 Ekco Investme
Slide 3: Experienced oil and gas team to deliver growth
Experienced oil and gas team Board Key executives Steve Koroknay, Chairman Glenn Haworth, Chief Executive Officer +40 years experience in international resources industry +20 years experience in international oil and gas sector Technical, operational and managerial roles at Esso and Bridge Oil BP gr
Slide 4: Appraising a large-scale coal seam gas project
Appraising a large-scale coal seam gas project Strategy Mid term - Deliver coal seam gas Collaborate with landholders and regional representatives Demonstrate commerciality Establish Proved & Probable Gas Reserves (2P) ATP 799P Supply natural gas to the domestic market Short term – Acquire growth Ac
Slide 5: Rising east coast gas price reinforces commerciality
Rising east coast gas price Townsville Mount Isa Cannington Forecast annual new contracts Moranbah Source: IES (2012) Longreach Gladstone Barcaldine Key Pipeline ~Capacity CGP CGP Carpentaria Gas Pipeline 43 PJ/a QGP Gilmore MAP Moomba - Adelaide Pipeline 87 PJ/a MSP Moomba - Sydney Pipeline 105 PJ/
Slide 6: Water security in the GAB
Water security in the GAB Source: DERM Queensland some facts: hydrogeology and well integrity 6
Slide 7: Collaborating with our neighbours
Collaborating with our neighbours http://agk.com.au/galilee/ relationships built on respect, trust and honest engagement 7
Slide 8: Extensive coal seam gas resource: Glenaras anticline sweet spot
Extensive coal seam gas resource Glenaras anticline ‘sweet spot’ Betts Creek beds (Permian age) Moderate to good permeability from natural coal fractures: 5mD to +100mD Thick coal intervals: up to 25m net Gas saturation range: 40% to 67% Gas composition: >95% methane Gas content range: 4.8 m3/t to 7
Slide 9: ATP 799P extension of the Glenaras play
ATP 799P Key information Tenement ATP 799P Operator Galilee Energy (GLL) ATP 799P Ownership GLL 100% Area 3,097 km2 Status Granted Expiry date 28 February 2018 Later work 28 February 2014 due date Commitment 3 x Exploration wells Acquire 100 km 2D seismic Status Exploration Resource Nil Prospectivit
Slide 10: ATP 529P home of the Glenaras sweet spot
ATP 529P Key information Tenement ATP 529P Operator AGL Energy Limited (AGK) Ownership GLL 50% : AGL Energy 50% Area 3,953 km2 Status Granted Expiry date 30 November 2016 Later work 30 November 2016 due date Commitment 1 x Pilot 5 x Exploration wells Acquire 250km 2D Seismic Status Appraisal Resourc
Slide 11: Path to commercialisation must convert resource to reserve
Path to commercialisation 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 Minimum requirements Present status Commercial gas flow Encouraging pilot data Glenaras pilot Rodney Creek Pilot Gas ma
Slide 12: Questions?
Questions? Competent person’s statement: The Contingent Resource estimates provided in this presentation were determined by Dr Bruce McConachie, Principal Consultant of SRK Consulting (Australasia) Pty Ltd (SRK) in accordance with the 2007 Petroleum Resource Management System (PRMS) guidelines. Dr M