Numbers next to each company represent: Company Ticker 2P (PJ) 3P (PJ) Market cap Net debt EV Basin (km2) Comment
Molopo MPO.AX 48 235 143 (28) 115 Bowen (1014km2) ▪ Gas-in-place potential of 7.5tcf (Molop 50%/Anglo 25.5%/Mitsu 24.5%) at Bowen Basin in Queensland
Lucas Energy (100% subsidiary AJ Lucas) AJL.AX 41 125 269 63 332 Surat (70km2) ▪ Sale of ATP 651, Surat Basin under consideration ▪ 20.0% equity interest in SGL.AX
Eastern Star Gas ESG.AX 218 845 313 (44) 269 Gunnedah (24,530km2) ▪ Gas-in-place potential of 17,000PJ ▪ 2P reserves target of 1,300PJ by 2009 ▪ MOUs for gas supply (>1000PJ) signed with Macquarie Generation (up to 500PJ) and Babcock & Brown (up to 40PJ/a) ▪ TRUenergy owns 5.1% of equity
Metgasco MEL.AX 293 1,511 48 (13) 35 Clarence Moreton - northern NSW (4,015km2) ▪ MOUs for gas sales to major gas customers in QLD for 33PJ/a from 2010 (BP 15PJ/a, CS Energy 18PJ/a) ▪ CS Energy providing funding for Stratheden farm-in area to establish 540PJ in 2P reserves and supply 18PJ/a for 20 years) Sydney Gas SGL.AX 41 54 81 14 95 Sydney (8650km2) ▪ Gas-in-place estimate of 25,000PJ ▪ Target 200-500PJ of 2P JV reserves by 2011 and 2,500PJ of 2P JV reserves in 2015 ▪ Core hole exploration drilling underway at Hunter, accelerated certification program targeting 450-500PJ 2P reserves by 2009
ESG Price at posting:
42.5¢ Sentiment: Buy Disclosure: Not Held
