1 melbourne mining club 3 october 2013. 2 the benefits of natural gas (ch 4 ) high hydrogen, hence...
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Melbourne Mining Club3 October 2013
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The benefits of natural gas (CH4)
• High hydrogen, hence cleaner burning than coal
• Reduced water demand
• Able to provide flexibility to cover base and peak loads
• Potential to underpin the development of a new and scalable petrochemical industry (explosives, fertilisers etc)
• Possibility of building a new era for high purity diesel and jet fuel via gas to liquids
• ….but, Eastern Australia is short gas
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2002 – Australian east coast gas outlook
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Today – Australian east coast gas outlook
Existing domestic east coast contracts
Source: Core Energy Group, July 2012
Projected east coast total demand
Gladstone LNG facilities
Uncontracted gas
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Reg Sprigg - Founder of Beach Energy
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Company overview
• ASX 100 listed oil and gas exploration and production company
• Market capitalisation of ~A$1.8 billion
• Largest Cooper Basin oil producer
• Sixth largest Australian oil producer
• Strong balance sheet with cash of $348 million at 30 June 2013
• Undrawn secured debt facility of A$320 million
• FY13 – record underlying NPAT of $141 million, record total revenue of $700 million
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Cooper Basin acreage
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NTNG permits and wells
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Major basins of Australia
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Key Australian pipeline network
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Key basins well served by infrastructure
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What needs to happen next….
• Firm and far reaching policies need to be set
• Regulation needs to be streamlined and harmonised
• Scientific principles by principled scientists
• National backing needed for all LNG projects