www.cometridge.com.au Noosa Mining & Exploration Conference Tor McCaul Managing Director 17 July 2014 ASX Code : COI www.cometridge.com.au
Comet Ridge Limited Strategic CSG assets Large 3C Resource base and equity positions Multi-basin exposure Domestic and export market opportunities Tightening east Australian gas market Focus on production Pilot schemes operating…
Comet Ridge Corporate Overview Capital structure (ASX:COI) 6 month trading history Share price (as at 16-Jul-14) 0.15 Shares on issue 458.7m Market capitalisation1 68.8 Cash (as at 31-Mar-14) 7.0m Enterprise value1…
Net Gas Resources Comet Ridge Limited Net Recoverable Resources + Location Project COI Contingent Resource (PJ) Prospective Interest Resource 1C 2C 3C (PJ) ++ Bowen Basin, Mahalo Gas Project 40%* 83 221 442 - QLD (ATP 337P)…
Mahalo Gas Project Background Located in the Denison Trough (Bowen Basin), ATP 337P 240km west of Gladstone (COI 40%*, APLNG 30%, Santos 30%) Close to infrastructure linking to Gladstone LNG market with significant gas supply…
Mahalo Buy Back executed March 2014 Comet Ridge recently announced the buy back of interests in the Mahalo Gas Project previously sold to Stanwell in 2011, increasing COIs project interest to 40% Stanwell can elect either of the…
Rationale for Mahalo Buy-Back Buying back Stanwells interests in the Mahalo Gas Project provides considerable benefits to COI: Restores COI interest in Mahalo to 40% with consideration in the form of a gas sales 1 agreement or cash…
Mahalo and Mira Field Pilots Brought on-line in April 2013 (Mahalo) and June 2013 (Mira) Returned to production testing following stimulation in January / February 2014 Mahalo Field Pilot gas production has shown continuing…
Galilee Basin Background Large area (250,000km2) covering a big part of central western Queensland Overlain by Eromanga Basin and underlain by Drummond Basin Land use is grazing cattle and sheep Oil recoveries and conventional…
Galilee Basin Gunn Project Area ATP 743P, ATP 744P and ATP 1015 (CSG) 100% interest in 13,000 km2 operated by COI plus 20% interest in 825 km2 within ATP 1015 5 initial wells (2010) and 2D Seismic acquisition programme (2011)…
Galilee Basin Conventional Gas Conventional petroleum potential 3 historic petroleum wells within ATP 743 and ATP 744P recovered oil and/or gas from Lake Galilee Sandstone at the base of the Galilee Basin Carmichael 1 flowed…
Galilee Basin Carmichael Prospect Carmichael-1 Well drilled in 1995 targeting oil with high mud overbalance Three Drillstem tests flowed gas to surface at low rates Another significant interval was not tested Well confirms…
Galilee Basin Commercial Options Galilee Basin market opportunities Different market segments emerging for commercial development: coal, power, LNG Development option 1: Power for coal mines / local generation Development…
Gunnedah Basin Background Large area covering central northern NSW Overlain by Surat Basin in north Land use is grazing, forestry and cropping Oil recoveries and conventional gas flows over a number of years Several working…
Gunnedah Basin Regional Activity Significant investment has Gunnedah Basin permits and infrastructure been made in the basin (ESG, Santos, EnergyAustralia) and material reserves delineated over 1,600 PJ 2P Santos holds 55,000 km2…
Investment Highlights Strategic Large resource and equity positions assets High priority Mahalo Project with highly productive coals close to Gladstone market Significant 3C Resource base Experienced Combines technical and commercial;…
Important Notice and Disclaimer Competent Person Statement and ASX Listing Rules Chapter 5 - Reporting on Oil and Gas Activities The contingent resource estimates for ATP 774P, ATP 337P, PMP 50100 and PMP 50279 provided in this…
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