Dune Oil Corp. · CSE:DUNE
Dune Oil — Trillion Energy — Investor Presentation (July 2022)
19 slides from Dune Oil's investor presentation, July 2022
Slide 1: Ramping Up Revenues From Proven Gas Reserves in 2022
Ramping Up Revenues From Proven Gas Reserves in 2022 17 New Wells for Record-High Natural Gas Prices July, 2022 CSE: TCF | Frankfurt: Z62 | OTC: TRLEF Trillion Energy Akçakoca Gas Production Platform, SASB Gas Field, Black Sea, Turkey
Slide 2: Disclaimers
Disclaimers Since forward-looking information addresses future events and conditions, by its very nature it involves inherent known and unknown risks and uncertainties which are beyond the control of Trillion. Actual results could differ materially from those currently anticipated due to a number of
Slide 3: Notes to Disclosure of Reserves and Resources
Notes to Disclosure of Reserves and Resources Statements made herein regarding Reserves, Prospective Resources, Resources, Net Present Value (NPV), Discovered petroleum initially-in-place, UPIIP, DPIIP for the SASB Project are generally derived from the two reports prepared by GLJ Ltd, an independen
Slide 4: Company Highlights
Company Highlights Turnkey Natural Gas Development in Hot European Market Key Asset Excellent Phenomenal Blue Sky Potential • 49% interest in large producing natural gas Economics field offshore Turkiye, Black Sea. Only a 12.5% Royalty and less than Trillion Energy’s SASB block US$1.00/mcf OPEX gene
Slide 5: Why Turkiye – High Gas Prices
Why Turkiye – High Gas Prices Strong growth in Natural Gas Prices Acute Shortages & Soaring Natural Gas prices $15 – Turkiye (2021-2022) Turkiye and Europe imports 90% of its natural gas with a large % $14 from Russia. EU Plans of reducing dependance on Russian gas is exuberating a shortage of suppl
Slide 6: Existing SASB Gas Field Infrastructure
Existing SASB Gas Field Infrastructure Large under-utilized, gathering and processing infrastructure = Turnkey Production 4 Existing Natural Gas Production Platforms DOGU AYAZLI PLATFORM (1 OF 4 PLATFORMS) 4 sold for approx. US $355m (100% interest) Gas pools produced to date (2008-current) 42 BCF 5
Slide 7: SASB: To Develop Natural Gas Reserves & Resources
SASB : To Develop Natural Gas Reserves & Resources Historical Production $355m (4 produced gas pools) 42 BCF of gas produced to date value $355m US from 8 wells 51-101 Report: (Used USD $8 -$9.5 /mcf) –(current prices $18+) Discovered Non-produced Conventional Natural Gas Reserves 20.1 BCF* -2P gros
Slide 8: SASB Planned 17 Gas Well Development Program
SASB Planned 17 Gas Well Development Program 2022 – 2024 Development Program - SASB Gas Field 7 Discoveries with unproduced Reserves 10 Exploratory Drilling Locations Tested and proved discoveries planned to be drilled, completed and put into production 2022-2023 LEGEND PLATFORM DEVELOPED & PRODUCIN
Slide 9: SASB Development Funding Sources
SASB Development Funding Sources CAPEX Sources (USD): Project is fully funded Company completed $40m CND funding during 2022 $26M * Wells will come online every 45 days to generate cash- Equity Financing Completed flow to pay for further drilling $71M* $3M * Trillion’s 49% CapEx: Internal Cash & Cas
Slide 10: Trillion Equity Financing
Trillion Equity Financing March, 2022 Non Brokered Private Placement • CDN$ 17.9 Million before fees • Very over subscribed, so cut back substantially June, 2022 Brokered Equity Raise • CDN$ 22.5 Million before fees • Very over subscribed, so cut back substantially Total 2022 $$ • CDN$ 40.4 Million
Slide 11: SASB Development Spending to July 1, 2022
SASB Development Spending to July 1, 2022 Total Spent to date is US$ 4.2 Million consisting of • US$ 2.3 Million for Tripod structure, Rig Reservation, Mob, well survey, supply ship • US$ 1.7 Million as advance payment for long lead items; well equipment (casing, tubular) • US$ 76K for preparation o
Slide 12: Corporate Summary
Corporate Summary CSE: TCF | Frankfurt: Z62 | OTCQB: TRLEF Turnkey Nat gas Project for Europe Low-Cost Nat Gas Producer August 2022 Est. date of new production commencement Less than $1/MCF* +12.5% royalty +CAPEX US $76.9M1 NPV10% of Trillion’s 2P Reserves and $93.6M2 NPV 10% of Trillion’s Best Esti
Slide 13: SASB Near Field Low Risk Exploration
SASB Near Field Low Risk Exploration 13 Additional Exploration Targets Stratigraphic Exploration Targets 13 additional exploration prospects provide significant additional upside ect osp These targets are proximate to the platforms & Mid Eskikale Discovery r Includes stratigraphic targets ic P Guluc
Slide 14: Blue Sky Exploration Proximate to SASB Block
Tuna -1 Blue Sky Exploration Proximate to SASB Block Turkey's Erdogan hails Recent 19 TCF Gas Discovery in Basin huge natural gas find Recent Tuna -1 & Amasra-1 discoveries in 2021 are game changers showing huge gas deposits Our Plan We have 3,100 km of 2D seismic data delineating targets off block
Slide 15: Directors & Management Team
Directors & Management Team Dr. Arthur Halleran PRESIDENT, CEO & DIRECTOR David Thompson CFO & DIRECTOR Dr. Halleran has served as a director of Trillion Energy since October 4, 2011. He has a Mr. Thompson has 30 years of financial experience in the oil and gas industry. He Ph.D. in Geology from the
Slide 16: Contact
Contact General Inquiries info@trillionenergy.com +1 (778) 819-1585 trillionenergy.com Canada (Head Office) Suite 700 838 West Hasting Street Vancouver, BC V6C 0A6 Turkey (Operations) Turan Gunes Bulvari, Park Oran Ofis Plaza, 180-y, Daire:54, Kat:16, 06450, Oran, Cankaya, Ankara, Turkey Arthur Hall
Slide 17: Appendix I
Appendix I The wells will be drilled from existing offshore platforms by placing the jack-up rig over the platform and drilling directionally. This way, the wells will be connected to existing platforms, and start producing immediately. PRODUCTION JACKUP PLATFORM DRILLING RIG 17
Slide 18: Appendix II
Appendix II Bayhanli Well 2 PRODUCTION EXPLORATION WELL WELL Directional Drilling Method Utilized for Production Wells Diagram illustrates how wells will be directionally as engineered by Schlumberger and drilled LEGEND from existing offshore platforms, by placing jack up rig over the existing platf
Slide 19: Appendix III
Appendix III Bayhanli A detailed log illustrating gas sands and tested zones Wells that have been previously drilled, tested and mapped, but not produced. TESTED 7.2 MMcf/d