D3 Energy Limited · ASX:D3E
D3 Energy — Investor Presentation (May 2024)
32 slides from D3 Energy's investor presentation, May 27, 2024
Slide 1: Investor Update
Investor Update Energy & Helium for the 21st Century May 2024 d3energy.com.au
Slide 2: What's in a name?
What’s in a name? • Why D3 Energy? • “D3” First evidence of Helium was obtained in August 1868 when French Astronomer, Jules Jansen observed a solar eclipse through a prism, where he noticed a bright yellow spectral line emanating from the chromosphere of the sun – at the time this was thought to be
Slide 3: Corporate Snapshot
Corporate Snapshot Corporate structure Board & Management Holding % (as of 27th May 2024) Greg Columbus | Non-Executive Chairman 3.38 David Casey | Managing Director & CEO 5.15 120.8m $0.20 Shares on issue Share price (@ 13 May 2024) Matthew Worner | Executive Director 4.14 John Zetzman | Technical
Slide 4: Investment Highlights
Investment Highlights Proven helium and methane province Methane (natural gas) demand Major D3 shareholder is in South Africa with world class helium significantly exceeds supply in gas retailer in South Africa concentrations as high as 9% energy starved South Africa Helium is regarded as a "Critica
Slide 5: Portfolio
Portfolio d3energy.com.au | 5
Slide 6: Assets
Assets • Four permit areas totalling 442,750 acres in the Free State South Africa Permit Area (acres) ER315 294,986 ERA341 81,535 TCP235 36,843 TCP240 29,386 • Prospective for both natural gas (methane) and helium • Confirmed free flowing gas production rates from historical gold exploration borehol
Slide 7: What is Helium & what's it used for?
What is Helium & what’s it used for? d3energy.com.au | 7
Slide 8: Helium – What's it used for?
Helium – What’s it used for? Source: Akap Energy (Feb 2024) Helium is a critical resource for the 21st Century d3energy.com.au | 8
Slide 9: How much do we use?
How much do we use? d3energy.com.au | 9
Slide 10: Global Helium supply and demand
Global Helium supply and demand • Classic case of demand outstripping supply • Current demand growth of around 5-6% is double expected supply growth • Total market expected to grow from 6BCF to just over 8BCF in 2030 • Tightening supply will have an obvious effect on price Current and projected Heli
Slide 11: So what's its worth?
So what’s its worth? d3energy.com.au | 11
Slide 12: Helium pricing
Helium pricing • The cost of helium is at record levels and is predicted to continue to increase • Prices over last 5 years have increased at 18% p.a • US spot pricing was between US$1,000 and $2500/mcf in 2022 Estimated Helium Import Pricing (US$/mcf) Global Helium Export Prices by Region (US$/mcf)
Slide 13: Exploration Right 315 (ER315)
Exploration Right 315 (ER315) d3energy.com.au | 13
Slide 14: ER315 - Helium
ER315 - Helium • ER315 alone covers an area of close to 295,000 acres which dwarfs many north American projects • ER315 helium concentrations also compare very favourably to main producing fields globally Helium Concentrations for Producing Fields Globally D3 helium concentrations are world class No
Slide 15: ER315 - Independently Certified Resource
ER315 - Independently Certified Resource • D3 Energy engaged Sproule to review and independently certify both a Prospective Resource and Contingent Resource for ER315 • Sproule has undertaken the Reserve and Resource reporting for Renergen’s Virginia Gas Project • Initial exploration work undertaken
Slide 16: ER315 – drilling programme
ER315 – drilling programme • Outstanding results from D3E’s first two wells, RBD10 and RBD11 • Drilling and testing programme completed safely on time and on budget • RBD10 and RBD11 were low-cost wells; lessons learned will allow RBD12 and future wells to be even lower cost Hanging wall side of fau
Slide 17: An analogue next door…
An analogue next door… d3energy.com.au | 17
Slide 18: Success story right next door
Success story right next door • D3 Energy’s project is adjacent to the Renergen (RLT) Production Right, which was the first Production Right of this kind to be issued in South Africa • RLT is producing both LNG and helium at its Virginia Gas Project • Members of D3 were intricately involved and were
Slide 19: D3 Energy is not just about Helium!
D3 Energy is not just about Helium! d3energy.com.au | 19
Slide 20: It's not just Helium…and South Africa needs it
It’s not just Helium…and South Africa needs it • ER315 and adjacent permits also have significant prospectivity for: • deep basin biogenic gas (methane) • coal seam methane • conventional sandstone reservoirs • South Africa currently imports gas via pipeline from the Pande & Temane Source: Annual Re
Slide 21: D3 has established strategic partnerships
D3 has established strategic partnerships d3energy.com.au | 21
Slide 22: NOVO Energy – www.novoenergy.co.za
NOVO Energy – www.novoenergy.co.za • NOVO Energy (NOVO) is an integrated energy and technology company and licensed gas trader and major D3 Energy shareholder. NOVO has a focus on: • Procurement and development of methane rich gas sources • Establishment and ownership of gas infrastructure (CNG/LNG/
Slide 23: Timelines
Timelines d3energy.com.au | 23
Slide 24: The next 12 months…
The next 12 months… ACTIVITY 2024 2025 MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Drilling RBD12 Production testing RBD12 Production testing RBD03 Production testing RBD01 Long term production testing Seismic planning and approvals Seismic acquisition & interpretation Drilling Nooitgeda
Slide 25: D3 Energy Team
D3 Energy Team d3energy.com.au | 25
Slide 26: D3 Energy team
D3 Energy team Board & Key Personnel Greg Columbus Greg has over 30 years business experience in delivering large complex Oil & Gas projects. He has along the course of his career developed a reputation for strong strategic vision and has been involved in numerous M&A activities. He is currently a D
Slide 27: Use of Funds
Use of Funds d3energy.com.au | 27
Slide 28: Indicative use of funds
Indicative use of funds Indicative use of funds Cost (AU$) Exploration and feasibility costs – ER315 7,000,000* Environmental and Desktop Studies - ERA341, TCP235 & TCP240 397,408 New Project Generation & Acquisition 1,000,000 Working Capital 1,800,000 TOTAL 10,200,000 * Significant work already und
Slide 29: Disclaimers
Disclaimers d3energy.com.au | 29
Slide 30: D3 Energy Limited
D3 Energy Limited This document provides summary information about D3 Energy Limited (ACN 649 276 808) (D3 Energy or the Company) current as at the date of this presentation. This document has been prepared for information purposes only This document is not, and should not be considered as, an offer
Slide 31: D3 Energy Limited
D3 Energy Limited Resource Information Please refer to the D3 Energy Limited Prospectus dated 5 March 2024 (as supplemented by a supplementary prospectus dated 10 April 2024 and a second supplementary prospectus dated 17 April 2024) for Contingent Resources and Prospective Resources presented in thi
Slide 32: d3energy.com.au
d3energy.com.au Tel: +61 2 8072 1400 Email: admin@d3energy.com.au Web: www.d3energy.com.au