Echelon Resources Limited · ASX:ECH
Echelon Resources — New Zealand Oil & Gas — Shareholder Meeting (November 2020)
40 slides from Echelon Resources's shareholder meeting presentation, Nov 4, 2020
Slide 1: Annual Shareholder Meeting
ANNUAL SHAREHOLDER MEETING Q NEW ZEALAND ea— OIL&SGAS
Slide 2: Welcome
SAMUEL KELLNER BOARD CHAIR Welcome Introductions Notice of Meeting Format of Meeting
Slide 3: Introductions
SAMUEL KELLNER BOARD CHAIR Introductions
Slide 4: Board of directors and management
Alastair McGregor Samuel Kellner Andrew Jefferies Rod Ritchie Dr Rosalind Archer Marco Argentieri
Slide 5: Notice of Meeting
SAMUEL KELLNER BOARD CHAIR Notice of Meeting Notice of Meeting and attached Explanatory Statement sent to shareholders taken as read.
Slide 6: Outline of meeting format
SAMUEL KELLNER BOARD CHAIR Outline of meeting format
Slide 7: Q&A and Poll Process
Dr Chris McKeown VP Business Development Q&A and Poll Process
Slide 8: Online attendees – question process
ONLINE ATTENDEES – QUESTION PROCESS • When the Question function is available, the Q&A icon will appear at the top of the app. • To send in a question, simply click in the ‘Ask a question’ box, type your question and the press the send arrow • Your question will be sent immediately for review
Slide 9: Online attendees – voting process
ONLINE ATTENDEES – VOTING PROCESS • When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen • To vote simply select the direction in which you would like to cast your vote, the selected option will change colour. • There is no submit or send button, y
Slide 10: Proxy votes
SAMUEL KELLNER BOARD CHAIR PROXY VOTES
Slide 11: Chair's Address
SAMUEL KELLNER BOARD CHAIR CHAIR’S ADDRESS
Slide 12: CEO's Presentation
CEO’s Presentation Andrew Jefferies
Slide 13: Working from home in lockdown
Working from home in lockdown
Slide 14: FY20 results
CASH NZD$m FY20 results 110.8 105.6 Revenue $37.3 million 98 (2019: $43.3m) FY18 FY19 FY20 Loss $0.7 million (includes $2.9m Maari impairment) (2019: Loss of $2.9m) REVENUE 43.3 35.8 37.3 $5.2 million increase in cash and cash equivalent Production costs $9.9 million (2019: $9.3m) FY18 FY19 FY20 PRO
Slide 15: Sampang PSC
Sampang PSC East Java, Indonesia 30 km
Slide 16: Existing Platform New Platform
Existing Platform New Platform
Slide 17: Mahato PSC
Mahato PSC Central Sumatra, Indonesia PB Field
Slide 18: Reserves Upgrade
Reserves Upgrade Kupe 2P reserves up 23% 1P up 61% from 1.02 to 1.65 mmboe Developed 2P reserves up 37% 2.26 Sampang 1P reserves up 35% 1.84 2P up from 1.04 to 1.09 mmboe 1.65 1.09 1.04 1.02 0.65 0.48 1P 2P 1P 2P
Slide 19: Slide 19
Slide 20: Natural gas provides more energy for NZ than our entire electricity sector uses
Natural gas provides more energy for NZ than our entire electricity sector uses. Cosy natural gas provides 533 TJ/day for NZ industry, electricity and homes Our entire electricity sector uses about 437TJ/day. Energy provided by hydro for electricity is about 238TJ/day.
Slide 21: 3564 trees planted to offset emissions
Sustainable The UN’s 2030 Agenda for Sustainable Development represents the world’s plan of action to end poverty, protect the planet and ensure prosperity for all. Its 17 Development Sustainable Development Goals has specific targets to be achieved by 2030. Goals IPIECA – the Global Oil and Gas Ind
Slide 22: Australia
® . Australia LEGEND L] Cue Permit || Gas Field Ironbark Prospect Deep Mungaroo Leads Wheatstone Pluto WA-389-P WA-389-P WA-389-P) North West Shelf 4
Slide 23: Slide 23
Slide 24: Saeed
> Saeed TS country risks include death,
Slide 25: Slide 25
Slide 26: Andrew Jefferies
Andrew Jefferies Managing Director
Slide 27: Shareholder Questions
DR CHRIS MCKEOWN VP Business Development SHAREHOLDER QUESTIONS
Slide 28: Ordinary Resolutions
ORDINARY RESOLUTIONS If you have lodged a proxy form and voted prior to the meeting, you do NOT need to vote again at this meeting. If you have submitted a vote already, then vote online today, your new vote will over-ride your previous vote.
Slide 29: Shareholder Proposal
SHAREHOLDER PROPOSAL RESOLUTION 1 There is no confidence in the two current independent directors, Dr Archer and Mr Ritchie, and they are asked to resign. QUESTIONS FROM SHAREHOLDERS ON THE RESOLUTION
Slide 30: Shareholder Proposal
SHAREHOLDER PROPOSAL RESOLUTION 2 Consistent with the commitment made to shareholders last year in relation to the highest standards of corporate governance, the board shall be comprised of a majority of independent directors from the first possible date this can be achieved through the resignation
Slide 31: Shareholder Proposal
SHAREHOLDER PROPOSAL RESOLUTION 3 Having regard to the importance of effective, competent independent directors and the protection of minority shareholders’ interests in the Company, the minority shareholders may appoint a minimum of two directors via an ordinary resolution of the shareholders in re
Slide 32: Election of Directors
ELECTION OF DIRECTORS RESOLUTION 4 That Mr A McGregor be elected as a Director. Alastair McGregor
Slide 33: Election of Directors
ELECTION OF DIRECTORS Mr McGregor’s remarks & questions
Slide 34: Election of Directors
ELECTION OF DIRECTORS RESOLUTION 5 That Mr J Dunphy be elected as a Director.
Slide 35: Election of Directors
ELECTION OF DIRECTORS Mr Dunphy’s remarks and questions
Slide 36: Election of Directors
ELECTION OF DIRECTORS RESOLUTION 6 That Ms S Sharif be elected as a Director.
Slide 37: Election of Directors
ELECTION OF DIRECTORS Ms Sharif’s remarks and questions
Slide 38: Auditor's Remuneration
AUDITOR’S REMUNERATION RESOLUTION 7 That the Board be authorised to fix the auditor’s remuneration.
Slide 39: General Business
GENERAL BUSINESS Poll closing Final questions Meeting close
Slide 40: Annual Shareholder Meeting
ANNUAL SHAREHOLDER MEETING Q NEW ZEALAND ea— OIL&SGAS
New Zealand Oil & Gas — Shareholder Meeting (November 2020) on 6ix