RIU Good Oil Conference - Perth 2 September 2015 Galilee Basin in Focus Peter Lansom Managing Director
Corporate snapshot Financial information Top shareholders Share price (28-Aug-15) A0.099 Ecarlate 12.1% Ekco Investments 4.9% Number of shares 152.1M AMP Capital Investors 5.5% Market capitalisation A15.1M Nero Resource Fund 4.2% Cash…
Board and management STRONG LEADERSHIP TEAM ASSEMBLED WITH PROVEN WORLD CLASS EXPLORATION SUCCESS Proven exploration success of Galilee Energy Board and management team Core Galilee Energy exploration team is ex-Origin Team was…
Delivering on strategy EXECUTION OF OUR STRATEGY IS WELL UNDERWAY WITH STRONG PERFORMANCE IN ALL THREE FOCUS AREAS Maximise the value of the 100% GLL following AGL acquisition foundation asset ATP 529P New resource assessment…
Galilee Energy global operations GALILEE HAS ASSEMBLED A GLOBAL PORTFOLIO OF DIVERSIFIED EXPLORATION AND DEVELOPMENT ASSETS 1 Maximise the value of 2 Build a strong the foundation asset production base Demonstrate Invest and…
Unlocking the Galilee Basin SUCCESSFUL DEMONSTATION OF COMMERCIAL FLOWS MAY UNLOCK THE FUTURE OF THIS PROJECT Ingredients in place to become a key supplier to the Location of ATP 529P (Galilee Basin) structurally short east coast…
2015 MHA Resource Assessment 2,508PJ OF 2C CONTINGENT RESOURCES HIGHLIGHT THE LARGE SCALE PRODUCTION POTENTIAL OF ATP 529P* 2015 MHA Resource Assessment overview ATP 529P estimated resources (PJ) 2015 MHA Resource Assessment…
Exploration history of ATP 529P SUPERIOR GEOLOGICAL UNDERSTANDING BUILT ON COMPREHENSIVE HISTORIC DATABASE Significant historic exploration activity ATP 529P project map Commenced in 1992 Historic works provided an excellent…
CSG properties of Betts Creek BETTS CREEK COAL EXHIBITS EXCELLENT CSG PROPERTIES Successful CSG projects require three key parameters: Betts Creek Resource Concentration (thickness, gas content) R1 Productivity (thickness,…
ATP 529P pilot performance DESPITE LIMITED HISTORIC PERFORMANCE THERE WERE SIGNS OF COMMERCIAL PRODUCTION POTENTIAL Demonstrating commercial flow is the final element to Previous Glenaras pilot performance booking reserves Previous…
Pathway to commercial flow BETTS CREEK COAL SHOW Formation Image Log EXCELLENT PERMEABILITY New completion design formulated to suit the geological setting Key is accessing the coal and drawing down pressure in the coal and not…
Glenaras R1 seam pilot THE R1 SEAM HAS NOT BEEN TESTED AND HAS THE POTENTIAL TO PROVE SIGNIFICANT RESERVES Galilee intend to re-complete the Glenaras wells to test the R1 seam R1 is thickest seam, never completed in initial pilot…
Forward program at ATP 529P ASSESSMENT OF R1 SEAM COMMERCIAL PRODUCTION POTENTIAL EXPECTED TO COMPLETE IN 1H 2016 Testing of the uppermost R1 coal seam is planned to commence early in Q4 2015 Cash expenditure will be prudently…
A well funded growth story GALILEE IS WELL FUNDED AND HAS THE EXPERIENCE TO EXECUTE ON OUR CLEAR STRATEGY A16.0m* of cash and fully funded Strong Prudent deployment of cash Balance Sheet Major resource upgrade in Galilee Basin and…
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