Sky Metals Limited · ASX:SKY
Sky Metals — Planet Gas — Shareholder Meeting (May 2012)
14 slides from Sky Metals's shareholder meeting presentation, May 22, 2012
Slide 1: Letter to ASX: Presentation to the Annual General Meeting
22 May 2012 The Manager Companies ASX Limited 20 Bridge Street SYDNEY NSW 2000 (14 pages by email) Dear Madam PRESENTATION TO THE ANNUAL GENERAL MEETING I attach a PowerPoint presentation which is to be delivered to the shareholders present at today’s Annual General Meeting which is convened to be h
Slide 2: Annual General Meeting May 2012
Annual General Meeting May 2012 www.planetgas.com
Slide 3: Disclaimer
Disclaimer This presentation may contain forward looking statements which involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies including those risk factors associated with the oil and gas industry, many of which are outside the control of and
Slide 4: Company Snapshot
Company Snapshot PROJECTS: • Conventional oil and gas and unconventional resource exploration onshore Australia, in area of existing infrastructure (1,972 km2). • CBM exploration onshore Australia, in areas of existing production and infrastructure (5,579 km2). • Active new ventures programs for con
Slide 5: 2011 Review
2011 Review During 2011 Planet Gas: Cooper Basin 9 Completed Native Title process for Cooper Basin PELA 514. 9 Executed Cooper Basin PEL 514 with PIRSA. 9 Agreed PEL 514 farmout and Joint Venture partnership with Senex. CBM 9 Acquired 2D seismic data over PEL 468 and PEL 470. 9 Drilled the Mead's Cr
Slide 6: 2012 Planet Gas Focus
2012 Planet Gas Focus PEL 514 Funding and Potential Cashflow • Joint Venture established with Senex, an existing Cooper Operator, to fast track early exploration and covering $10.5m initial costs. • Discovered liquid hydrocarbons can be brought online quickly and efficiently and are the earliest sou
Slide 7: Cooper Basin and PEL 514
Cooper Basin and PEL 514 JV with Senex Energy executed December 2011: • PEL 514 divided into North and South JV areas. • Senex to acquire 3D data over 159 km² in North JV. • Senex farm‐in by funding 2 wells plus seismic, value ~$10.5m. • After farm‐in, Planet:Senex 50:50 in North JV and 30:70 in Sou
Slide 8: PEL 514 Conventional Plays
PEL 514 Conventional Plays 7 May 2012 www.planetgas.com
Slide 9: Cooper Basin Shale Gas Activity
Cooper Basin Shale Gas Activity • PEL 218 ‐ BPT HOLDFAST‐1 353m REM Shale, 2.00mmscf/day, CR* : 1 Tcf per 10 km2 ENCOUNTER‐1 300m REM Shale, 0.75mmscf/day, CR* : 1 Tcf per 10 km2 MOONTA‐1 700m thick ‘gas saturated zone’ • ATP 940P ‐ DLS QGC/DLS Joint Venture, QGC to acquire 60% 5 year $130m QGC fund
Slide 10: PEL 514 South - Shale Gas Play
PEL 514 South ‐ Shale Gas Play REM Murteree Shale Unit • Roseneath‐Epsilon‐Murteree (REM) play comprises Early Permian Murteree and Roseneath shales interdigitated with tight sands of the Epsilon Formation. • PEL 514 ‐ Rosenath Shales are absent, but Murteree Shales exist in the Patchawarra Trough.
Slide 11: PEL 514 South - Deep CBM
PEL 514 South ‐ Deep CBM Toolachee and Patchawarra Coals • Toolachee coals max. thickness 41m, Patchawarra coals max. thickness 51m, at depths of >2500m. • Nearby shale gas well test may include contribution from Coal of similar age and depth. • Santos successfully flowed 100,000 cf/d from fracture
Slide 12: New South Wales CBM
New South Wales CBM Way forward contingent upon: • Securing tenure, renewal applications currently under consideration. • Finalisation of NSW Government CBM recommendations and guidelines which will ensure that there is greater certainty for Planet Gas. 11 May 2012 www.planetgas.com
Slide 13: The Way Forward
The Way Forward 9 Planet Gas’s core focus going forward is the well addressed Cooper Basin PEL 514. Initial exploration costs are covered by Senex who will operate the licence on behalf of the JV. 9 PEL 514 is straddled by existing oil and gas production, and is proximal to existing underutilised oi
Slide 14: Planet Gas Limited Contact
Planet Gas Limited 66, Hunter Street, Sydney NSW 2000 Australia +61 2 9300 3322 +61 2 9221 6333 Contact • Ian Halstead, CEO • Anthony McClure, Executive Director • Peter Nightingale, CFO and Executive Director The information in this document, that relates to oil exploration results and reserves, fo