UIL Energy has assembled a portfolio of prospective early stage gas and liquids exploration permits in Western Australia.
Attractive Industry Outlook
* WA gas demand largest in Australia with strong growth potential in a severely undersupplied market
* Sharp decline from existing producers over the next decade provides significant opportunity
* WA gas prices forecast to rise in real terms from $8/GJ to $12/GJ
Highly Prospective Assets
* Targeting onshore gas and liquid plays in Western Australia
* Clear focus on Perth Basin – close to AWE’s large gas discovery
* Close proximity to pipeline infrastructure
* High equity positions and operator of all permits (~500,000 net acres)
Strong Board and Management Team
* Experienced and successful management team lead by MD John de Stefani
* Demonstrated ability to bring projects into proof of concept pre-production phase
* Management team has more than 60 years geological and engineering experience across North America and Australia
* Directors have significant skin in the game (~35%)
