Liberty Resources (ASX:LBY) (OTCBB:LYRTF) will present at our Proactiveinvestors One2One investor forum in Calgary on April 24th, where investors will hear about the company's unconventional gas play in Australia, where it is planning a five-stage appraisal well program.
We are offering investors a rare opportunity to hear from Andrew Haythorpe, managing director of Liberty Resources, which is developing an unconventional gas project in Australia that will convert un-mineable coal into pipeline quality gas, with 9.8 trillion cubic feet of gas potential. The company is looking for a foundation partner/customer to help fund the appraisal well program, which is estimated to cost a total of $150 million, including contingency and inflation.
The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies.
Indeed, this time is no different, with Liberty Resources set to take the podium on Wednesday 24th April 2013 in Calgary at the Hyatt Regency Calgary, 700 Centre Street SE - Neilson Room. The presentation will start at 2:30pm and finish at 4:30pm.
It promises to be an interesting affair, with this compelling investment opportunity on hand for attendees.
In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.
Liberty will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors. Once the company has presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.
To register for the event, please click here.
We look forward to seeing you there! (See mini bio on Liberty Resources below)
Liberty Resources has 9.8 trillion cubic feet of gas that has been identified through coal drilling in its 100 per cent owned permit areas in Central Queensland. The company says its focus has been on selecting the most cost effective equipment and the best project sites based on environmental and permitting criteria.
It is proposing two contracts for its appraisal well program, firstly a gas reserve contract of 2 trillion cubic feet of 2P and 3P reserves, which transfers ownership, and secondly, a gas supply contract.
The steps in Liberty's process include modified directional oil and gas drilling along coal, oxygen and water injection into the coal, the creation of underground reservoirs for gas formation and extraction, permanent brine/salt burial at 1,000 feet or deeper, and gas clean-up and manufacture to specification.
The company's unconventional gas project, which requires 5 years of de-risking, design and technical development, has the potential to significantly ease looming Australian gas shortages. Indeed, there is a shortage of natural gas looming within the Queensland gas market as LNG exports are projected to reach 2,300 PJ by 2021. Eastern Australian gas buyers are already reporting an inability to secure future contracts for 718 PJ of gas per year required for local consumption.
This is forecast to drive local natural gas prices from a current range of $6 to $8 GJ to $7.5 to $12 GJ by 2020, and open up the development pathway for Liberty’s massive Central Queensland gas project.
Liberty's project is situated next to road, rail, pipeline and connection to port, with the ability to produce large quantities of cheap, fixed price gas. Early technical studies indicate a robust return of 22% per year on sales of pipeline quality gas from the intermediate stage gas plant. This significantly de-risks the project, cuts the developmental timeline, and capitalizes on the current boom for local gas needs and supply for LNG for export.
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