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Drillsearch Energy
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April 2013 Investor Presentation
| Brad Lingo | Page 20 of 11 |
November 21, 2024
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Investor Presentation 20 QGC (BG Group) JV: A Strategic JV with QGC was formed in 2011 to Explore Unconventional Shale and Tight Gas in ATP 940P Exploration Work Program • Strategic Joint Venture to explore and develop unconventional shale and tight gas resources • QGC (BG Group) acquired a 60% interest in ATP 940P • QGC committed to a five year $130 million three stage exploration and appraisal program • Under farmin carry, QGC funding $90m of the first $100m • Joint Venture provides Drillsearch access to QGC gas commercialisation pathways – both domestic & QCLNG export project • QGC hold 8.5% of share capital of Drillsearch QCLNG Overview Ownership BG (QGC) – 73.7% CNOOC – 25.0% Tokyo Gas – 1.3% Location Gladstone Production Date Trains 1&2 – 2014 Distance to Cooper Basin 1,200km (est’d) Production 8.5Mtpa (two trains) Potential to expand to a third train and deliver up to 12Mtpa Potential domestic gas supply opportunities Capex US$20.4 billion