Quenching Chinas Clean Energy Thirst Sino Gas & Energy 2010 Annual General Meeting 24 May 2010 Stephen Lyons Managing Director
Committed to Our Strategic Vision - in China Capitalising on demand for Clean Energy Substantial holdings in 2nd largest gas basin Moving towards development with drilling / testing program Reserves target Q4, 2010 Rights…
Rights Issue the Springboard Raising cash of 29.5 million Enables work program & retires debt Underwritten to 26.3 million Renounceable Rights Issue with attaching options Offer closes on 17 June 2010 Normal trading resumes…
Key Blocks in a Key Oil & Gas Basin Ordos Basin - 30% of Chinas oil & gas production Partner with CUCBM & Petrochina CBM Sino Gas 100% in 2 blocks 3,700 km2 CNPC - adjacent producing gas field 5
Sino Gass Strategic Position in China Foreign CBM holdings in China km2 8,000 7,000 6,000 Ordos Basin Largest position 5,000 in Ordos Basin 4,000 3,000 2,000 3rd Largest 1,000 block position in 0 Green Far East Asian Sino Gas…
Flow Testing is Unlocking Our Value 1st activity for 2010 Flow test campaign has commenced TB-07 first well Flow tests on new wells as required Targets delivery of commercial gas flows 7
Flow Testing is Unlocking Our Value CCDC awarded testing contract Subsidiary of CNPC/Petrochina Multi well, multi year options CCDC extensive experience in the Ordos Basin 8
Flow Testing is Unlocking Our Value Flow Testing Program Commenced on 14 May 2010 TB-07 results during June 2010 TB-05 to follow 9
Extensive Appraisal on Our Assets over last 5 years 11 Wells Drilled 414 km of seismic processed 3 Wells Flow Tested 400,000 scf/day flow on TB-02 2.7Tcf of Contingent & Prospective Resource 100% New Flow Testing program…
2010 Roadmap to Reserves 11
Well Placed to Deliver on Our Strategy Strategic position in size and location of acreage CNPC - adjacent producing gas field 2.7 Tcf of Contingent & Prospective Gas Resources Active work program underway 1st flow results…
For further information please contact Stephen Lyons Sam Snyder Managing Director Chairman Sino Gas & Energy Holdings Sino Gas & Energy Holdings P: +86-10 6530 9260 P: +86-10 6530 9260 M: +86-139 1148 1669 Email: slyonssinogasenergy.com…
Appendix Glossary of Terms / Resource Statements - All references to dollars are to Australian Dollars unless otherwise stated Bcf - Billion (109) cubic feet/ Tcf - Trillion (1012) cubic feet CBM/CSG Coal Bed Methane, Coal Seam Gas…
Appendix Sino Gas substantial acreage in Chinas 2nd Largest Basin Gas assets in the Ordos Basin, the 2nd largest onshore oil & gas basin in China with mature and new gas field developments: 1st gas discovered 1989 1st Beijing…
Appendix Acreage held under Government Approved PSCs International standard Producing Sharing Contracts Working Net Interests (PSCs) approved at the highest level of Chinese PSC Interest Current Status (Production) Government…
Appendix - Phased Approach to Commercialisation: the Roadmap to Reserves Sino Gass Upgrading Contingent Resources to Reserves within the Tuban Discovered Area Discovered Area similar reservoirs to adjacent producing gas field of…
Appendix Phased Approach to Commercialisation: unlocks substantial value The Roadmap to reserves and the Phase 1 targets between 100Bcf and 150Bcf of 2P Reserves lodgment of the initial Reserves 8 250 Report is key to unlocking…
Appendix Raising funds to move towards Development Restructured renounceable Rights Issue announced 12 May 2010 Issued Listed Un-listed Rights Issue on 6:1 basis to raise up to 29.5 Security Shares Options Options (millions)…
Appendix Offer Timetable Rights Offer 2010 Lodged Prospectus with ASIC and ASX 18 May Ex Date (Rights trading beings) 21 May Record Date 27 May Opening Date Despatch of Prospectus & 1 June Entitlement Rights trading ends 9…
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