Building a Significant Gas Business in China RIU Good Oil Conference Perth, Western Australia Stephen Lyons Managing Director 6 7 September 2011 TB04 flow testing operation
Sino Gas is building a Significant Gas Business in China ASX listed company with our heart in China Large scale gas assets in Chinas Ordos Basin the 2nd largest gas basin in China Exploration success has driven large scale resources:…
Our strategy benefits from Chinas 12th 5-year plan (12-5) Sino Gass Opportunity Chinas 12-5 Plans Demonstrated exploration Natural Gas to grow to 8.3% success of Chinas Energy Mix1 Large scale gas assets on the 2015 Unconventional…
Improving returns for producers driving the development of CBM in China Chinas Favorable Policies2 Subsidies on gas prices currently RMB 0.2/m3 (US0.83/Mscf) set to double1 Duties lifted on CBM equipment imports China Daily 1 Sep…
Large Gas Assets & Markets in the Ordos Basin, China Ordos Basin China Chinas 2nd largest gas basin Key gas transport hub Substantial unconventional gas resources Growing pipeline network Sino Gas & Energy Operator on 2 PSCs…
Successfully working with Chinese Oil & Gas Majors Linxing PSC ( 65% following partner back-in from CUCBM) Partner for 6 years with CUCBM (now 50% owned by CNOOC) CNOOC recently announced strong strategic focus on unconventional…
Linxing PSC 65% following partner back-in from CUCBM (50% owned by CNOOC) Increased focus on Linxing East shallow CBM 324 Bcf of mid case Contingent 1,874 km2 Extensive exploration on Linxing & Prospective Resources West 13…
Sanjiaobei PSC 49% following partner back-in from CNPC/PetroChina Preparations underway for spudding of new well SJB1 1,126 km2 6 Bcf 2P Reserves 158 Bcf Mid Case Contingent Resources Pre-production through a CNG Pilot…
Achieving significant commercial gas flows Further well-rate potential from additional 2011 Well Testing Program delivering un-tested pay zones + stimulation gas rates well above commerciality Current well-head gas prices US6.50…
A world class team based in China 490,000 Incident free hours worked during 2011 30 Employees in Beijing and site locations and growing All key subsurface and operations functions now internalised Leadership Managing…
2011 & 2012 Work Programs1 focused on Pilot production and delivering Reserves & Development approvals Linxing & Sanjiaobei PSCs combined Activity 2011 2012 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep…
Financial capacity to fund Strong Growth Debt Free with Flexible Finance Facilities Work Program & Administration Costs 1 17.00 31 Dec 12 - Assumed Options Exercise 12.5 16.00 cents A41.8 Million 15.00 A Millions Equity…
Valuation benchmarks Current Share Price 5.5cents Implied Value per Share (A )(1) Comments Patersons report (3 Aug 11) Broker Price Target 13 Based on NPV of 13 Chinese and Australian gas Trading Comps peers (EV / 2P) 10 17 EV /…
Sino Gas is building a Significant Gas Business in China: Key Investment Highlights Large scale gas assets in Chinas Ordos Basin Exploration success has driven large scale resources: 2P Reserves 19Bcf, Contingent + Prospective…
Appendix 1 Sino Gas Corporate Snapshot Share Price Performance / Key Metrics Sino Gas formed Q3 2005 Farmed into Chevron PSCs in 2006 Australian Stock Exchange (ASX) Listed Sep 2009 Significant Shareholders Analysis SHL PTY…
Sino Gas & Energy Beijing Office: Perth Office: Suite 335, 3rd Floor, Office Tower A2 311-313 Hay Street Lido Place Subiaco, WA 6008 6 Jiang Tai Road Australia Chaoyang District, Beijing, 100004 Peoples Republic of China…
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