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ANNUAL GENERAL MEETING – Comet Ridge Ltd.

Comet Ridge Ltd. · Nov 27, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 1
    www.cometridge.com.au For personal use only Comet Ridge Limited Annual General Meeting - Brisbane Managing Directors Presentation 27 November 2014 ASX Code : COI www.cometridge.com.au
  2. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 2
    For personal use only Strategically Positioned for Gladstone LNG 4 large LNG consortia and AGL control Qld domgas demand and projected gas 97% of 2P CSG reserves in Queensland** demand for LNG exports Intensifying competition for…
  3. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 3
    Mahalo Project For personal use only ASX Code : COI www.cometridge.com.au 3
  4. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 4
    Mahalo Project Background ATP 337P Mahalo Block For personal use only JV partners APLNG and Santos participate in two of the Gladstone LNG projects (COI 40%, APLNG 30%, Santos 30%) 11km from pipeline infrastructure linking to…
  5. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 5
    For personal use only Mahalo Buy Back Comet Ridge announced the buy back of interests in the Indicative GSA Example Mahalo Project previously sold to Stanwell in 2011, increasing COIs project interest to 40% Based on 35 PJ/a Gross…
  6. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 6
    Maiden Reserve Booking at Mahalo COI 40% Share Mahalo Reserves & Resources For personal use only August 2014 Reserve Statement delivered initial independently certified COI 3P+3C gas volume = 592 PJ (34%) reserves and material…
  7. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 7
    For personal use only Mahalo Field Pilot Mahalo 6 Mahalo 5 Mahalo 3 Mahalo 4 Gas Flare Water tanks ASX Code : COI www.cometridge.com.au 7
  8. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 8
    Mahalo 7 horizontal well concept For personal use only ASX Code : COI www.cometridge.com.au
  9. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 9
    Mahalo 7 horizontal well achieved path For personal use only ASX Code : COI www.cometridge.com.au
  10. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 10
    Comet Ridge Mahalo Project Forward Strategy For personal use only Strategy for High quality asset COI 40% (largest equity interest) Mahalo Maximise 2P and 3P reserves Project Drilling and Mahalo 7 horizontal well now drilled and…
  11. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 11
    Galilee Basin For personal use only ASX Code : COI www.cometridge.com.au 11
  12. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 12
    Galilee Basin position ATP 743P, ATP 744P and ATP 1015 (CSG) For personal use only 100% interest in 8,500 km2 operated by COI plus 20% interest in 870 km2 within ATP 1015P 1,870 PJ of 3C Contingent Resource and considerable…
  13. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 13
    For personal use only Galilee Basin Conventional Gas Conventional petroleum potential 3 historic petroleum wells within ATP 743P and ATP 744P recovered oil and/or gas from Lake Galilee Sandstone at the base of the Galilee Basin…
  14. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 14
    Galilee Basin Conventional Carmichael - 1 For personal use only Well drilled in 1995 targeting oil with high mud overbalance Three drill stem tests flowed gas to surface at low rates 150m gross sandstone with 50m net pay showing…
  15. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 15
    Galilee Basin Commercial Options Galilee Basin market opportunities For personal use only Different market segments emerging for commercial development: coal, power, LNG Development option 1: Power for coal mines / local…
  16. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 16
    Galilee Basin Coal Mine Projects For personal use only 4 projects accounting Status of Key Galilee Basin Coal Mining Projects for up to 160 Mtpa Project name Proponent Coal Invest. Status coal exports have export size State…
  17. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 17
    Galilee Basin Gunn Project Area ATP 743P, ATP 744P and ATP 1015 (CSG) Gunnedah Basin NSW For personal use only 100% interest in 8,500 km2 operated by COI plus 20% interest in 870 km2 within ATP 1015P 5 initial wells (2010) and…
  18. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 18
    Gunnedah Basin Recent Announcements Significant investment has been made in the basin For personal use only (ESG, Santos, EnergyAustralia) and material Reserves delineated 1,600 PJ 2P PEL 6, PEL 427, PEL 428 Santos holds 55,000 km2…
  19. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 19
    For personal use only Comet Ridge Limited High quality Mahalo Initial Reserves certified Project Two pilots continuing to operate with horizontal well starting Current production testing and work program to expand Reserves, leading…
  20. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 20
    Comet Ridge Limited For personal use only Contact Level 3 GPO Box 798 Telephone: +61 7 3221 3661 283 Elizabeth Street Brisbane 4001 Facsimile: +61 7 3221 3668 Brisbane 4000 Email infocometridge.com.au www.cometridge.com.au…
  21. ANNUAL GENERAL MEETING – Comet Ridge Ltd. – slide 21
    For personal use only Important Notice and Disclaimer Competent Person Statement and ASX Listing Rules Chapter 5 - Reporting on Oil and Gas Activities The estimate of Reserves and Contingent Resources for the MGP as part of ATP 337P…

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