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Index > Australia > Economics > Australian Unlisted &
ASX Listed Companies > MEL.AX Metgasco

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Federal | NSW | Victoria | Queensland | Western Australia | South Australia | Tasmania

Metgasco Coal Seam Gas

Fracking Bentley

Metgasco - ASX code MEL

14 July, 2013 – Metgasco Drilling Explosion,
Gas Release/Explosion Casino, NSW
Clarence Moreton Basin – Licence Area: PEL 16 Map

More on the Metgasco fiasco

Metgasco Limited explores, appraises, and develops coal seam gas and conventional gas properties in Australia.
The company holds a 100% interest in three petroleum exploration licenses (PEL), including PEL 13, PEL 16, and PEL 426 covering approximately 4,556 square kilometers, located in the at Bentley, Clarence-Moreton Basin in northern New South Wales.

What is Tight Gas?

Metgasco is also involved in the development of associated energy infrastructure, including the 30 megawatt gas fired power station located outside the township of Casino.
The company was incorporated in 1999 and is headquartered in North Sydney, Australia.

Metgasco Limited
2 Elizabeth Plaza
Level 11
North Sydney, NSW 2060
Phone: 61 2 9923 9100
Fax: 61 2 9923 9199
Mr. Peter J. Henderson B.Eng (Mech), GAICD, SPE, Chief Exec. Officer, Managing Director and Director 473.00K
Mr. Sean Hooper,
Chief Financial Officer and Company Sec.
Mr. Michael O,
Chief Operating Officer
Mr. Robert Petersen,
Bus. Devel. Mang.
Mr. Nicholas John Victor Geddes FCA, FCIS,
Company Sec.

Search the ASX website for company announcements from Metgasco

MEL Metgasco 5 year chart retrieved on 18 November 2013

On Metgasco's website, May 2014 - "It is Metgasco’s policy not to make political contributions to any government official, political party, political party official, election committee or political candidate." Metgasco's political connections

20 Largest Shareholders of Metgasco according to their 2013 Annual Report

Name Number held Issued Shares % of
  ERM POWER LIMITED 36,300,000 8.04
  ERM POWER LIMITED 20,822,009 4.61
  DALEFORD WAY PTY LTD 8,600,000 1.91
7,194,989 1.59
6,532,693 1.45
5,212,774 1.15
5,000,000 1.11
  MR DAVID JOHNSON 4,924,907 1.09
  MR PETER STANMORE  4,803,542 1.06
4,684,733 1.04
  MR SIN MONG WONG + MS SENG BEE TEOH 3,933,000 0.87
3,163,268 0.70
  MR JAMES GARDINER 3,000,000 0.66
  MS GLENDA MCLOUGHLIN 2,845,000 0.63
2,572,161 0.57
  MAXA PTY LTD 2,352,043 0.52
2,343,141 0.52

Total of top 20 holders of fully paid ordinary shares 31.32

The largest shareholder ERM Power chairman is Tony Bellas
St Bakers also sit on ERM's board

The Executive and Non-Executive Directors of the Group during the reporting period are as follows:
Nicholas Heath, Non-Executive Director
Peter Henderson, Managing Director & CEO
Steven Koroknay, Non-Executive Director, Deceased 6 June 2013
Leonard Gill, Non-Executive Director
Gregory Short, Non-executive Director, Appointed 6 August 2013

The following persons were Directors of Metgasco during the whole of the financial year (except where otherwise noted) and up to the date of this financial report are as follows:
Nicholas Heath Non-Executive Director
Peter Henderson Managing Director and Chief Executive Officer
Steven Koroknay Non-Executive Director (Deceased 6 June, 2013)
Leonard Gill Non-Executive Director Gregory Short Non-Executive Director (appointed 6 August, 2013)

Nicholas John Victor Geddes and Sean Hooper were the Company Secretaries during the 2013 financial year.

Nicholas Geddes – FCA, FCIS Company Secretary
Mr Geddes is the principal of Australian Company Secretaries, a company secretarial practice that he formed in 1993. Mr Geddes is a past President of Chartered Secretaries Australia and a former Chairman of the NSW Council of that Institute. His previous experience, as a Chartered Accountant and Company Secretary, includes investment banking and development and venture capital in Europe, Africa, the Middle East and Asia.
Qualifications: Chartered Accountant (Fellow of Institute of Chartered Accountants in England & Wales) and Fellow of the Institute of Chartered Secretaries (Chartered Secretaries Australia).

Nicholas Heath – B. Eng (Chem), FIChemE, SPE
Independent Non-Executive Director & Chairman
Appointed: 1 July 2010
Mr Heath has over 35 years’ experience in the petroleum industry in technical, operational and commercial roles with the ExxonMobil group of companies. From 1993 he was director of Esso Australia Pty Ltd later ExxonMobil Australia Pty Ltd, with functional responsibility for Gas & Power Marketing.
Mr Heath worked on the early development and commissioning of Esso’s Gippsland basin oil and gas fields offshore Victoria. In 1987 Mr Heath became the Managing Director of Esso subsidiary Delhi Petroleum Pty Ltd with operations in central Australia. Mr Heath has served as Chairman of the Australian Petroleum Production and Exploration Association ("APPEA"), which awarded him the Reg Sprigg Gold Medal and honorary life membership.
Special responsibilities: Chairman, Chairman of the Nomination and Remuneration Committee, Member of the Audit and Risk Management Committee.
Other directorships: Non-Executive Chairman of MEO Australia Limited.
Previous directorships of listed companies during the last three years: None

Peter Henderson – B. Eng (Mech), GAICD, SPE
Managing Director & Chief Executive Officer
Appointed: 4 April 2011
Mr Henderson has over 30 years oil and gas industry experience. Mr Henderson was previously Development Manager for Premium Oil PLC where he managed major offshore project developments in Indonesia and Vietnam. Prior to this role he was Chief Operating Officer of Anzon Australia Limited.
Mr Henderson has held senior management roles with oil and gas companies covering operations, development, commercial and exploration activities (Esso Australia, Santos, Western Mining, Nido Petroleum). He also has experience working with engineering companies (Clough and JBFM Babcock).
Special responsibilities: Managing Director and Chief Executive Officer.
Other directorships: None
Previous directorships of listed companies during the last three years: None

Steven Koroknay – B. Eng (Hons) – Civil Eng (Sydney), FAICD, FIEA
Independent Non-Executive Director
Appointed: 19 January 2010
Deceased: 6 June 2013

Mr Koroknay’s career encompassed 30 years in the international oil and gas industry commencing with Esso Australia Limited. During 15 years with Esso Australia, he served in senior management positions, namely Head of Operations and Technical Manager, Bass Strait fields as well as assignments in the United States.
Mr Koroknay then spent 10 years at Bridge Oil becoming Executive Director and COO. Mr Koroknay was the founder of Anzon Energy and Anzon Australia. He was formally a councillor of Australian Petroleum Production and Exploration Association (APPEA) and Chairman of the Advisory Board for the School of Petroleum Engineering at University of New South Wales.
Special responsibilities: Chairman of the Audit and Risk Management Committee, Member of the Nomination and Remuneration Committee (deceased 6 June 2013).
Other directorships: Non-Executive Chairman Galilee Energy Limited and Non-Executive Director Cue Energy Resources Limited (Deceased 6 June 2013).
Previous directorships of listed companies during the last three years: Non-Executive Director of Eastern Corporation Limited (Retired 2010), Non-Executive Director Innamincka Petroleum Limited (Retired 2011).

Leonard Gill – B. Eng (Hons), MAICD
Independent Non-Executive Director
Appointed: 16 June 2010
Mr Gill has over 30 years’ experience in the Australian energy industry, with a focus on power generation, energy trading and risk management and energy retailing to large customers. He was previously Chief Executive Officer of TXU Australia (now TRUenergy) and led their wholesale energy division for five years, with responsibilities including power generation, gas storage and gas and electricity contracting and trading.
Special responsibilities: Member of the Audit and Risk Management Committee (appointed Chair on 17 June 2013), Member of the Nomination and Remuneration Committee.
Other directorships: Non-Executive Director of WDS Limited
Previous directorships of listed companies during the last three years: Non-Executive Chairman of Alinta Energy, renamed Redbank Energy March 2012 (Retired 2011).

Gregory Short – B.Sc (Geology) (Hons), Graduate of AICD
Independent Non-Executive Director
Appointed: 6 August 2013
Gregory Short is a geoscientist and manager with over 40 years' experience in the upstream oil and gas industry. He retired from ExxonMobil in 2006 after a 33 year career as a geologist and in managerial roles.
Gregory has extensive international experience in predominantly management in Malaysia, Africa and North America and spent the last 15 years of his career in management assignments that included Exploration Manager for USA, Chad and Nigeria as well as serving seven years in Angola as Geoscience Director.
Mr Short brings valuable experience in taking start-up ventures from exploration through to development and production.
Other directorships: Non-Executive Director of MEO Australia, Pryme Energy Limited and Po Valley Energy Limited.




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