Well placed to respond to growing gas demand Excellence in Oil and Gas 12 March 2014
Well placed to respond to growing demand Metgasco (MEL) is an ASX listed, onshore gas company, with significant 100% owned acreage in the Clarence Moreton Basin in northern NSW World scale acreage position in the Clarence-Moreton…
Industry experienced Board and Management Board has proven track record of project delivery and senior leadership in the E&P industry Management has strong technical background; over 100 years of combined E&P operating experience…
East Coast gas demand will remain strong NSW more than 1 million gas customers NSW has a supply issue from 2014/2015 Potentially 250 years of supply (currently only providing 5% of NSW gas) Northern Rivers area: opportunity to…
Rosella testing conventional / tight gas potential Kingfisher E01 First major conventional gas discovery in NSW (November 2009) Large section of gas charged sands identified 138 metres of gas charged sands in Ripley Road and Gatton…
Rosella rig selection and timing Landholder access agreement in place Atlas Rig - 3 selected 2 - 4 weeks site preparation from mid March 6 weeks drilling program starting early to mid April, subject to release from current…
Significant CSG reserves for eastern Australia demand Operations suspended and cash preserved to ensure the Company is ready to respond once regulatory uncertainty is removed recent political moves are providing confidence…
Northern Rivers gas sales - Micro LNG potential Northern Rivers to get priority for 12 tonnes per day plant USA supplier initial gas sales, with pipeline sales to other eastern Australian markets to follow. Compressed natural gas…
Metgasco growth strategy Conventional / tight gas Potential to demonstrate commerciality and move into production faster than CSG Drill Rosella E01 in 2Q 2014 and progress development promptly if successful CSG Largest uncontracted…
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Overview of Metgasco Capital Structure 100% owned world scale acreage position in ASX code MEL the Clarence Moreton Basin Share price (at 10 March, 2014) 0.10 Market Capitalisation (million) 45 4 tenements (PEL 16, 13, 426 & 130) -…
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