Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Corporate Update (August 2024)
14 slides from Triangle Energy (global)'s corporate update, Aug 9, 2024
Slide 1: Perth Basin Exploration Presentation
Click to edit Master title style ASX: TEG Presentation Perth Basin Exploration August 2024
Slide 2: Disclaimer
2 Click to edit Master title style Disclaimer This Presentation is provided on the basis that Triangle Energy (Global) Limited Whenever possible, these ‘forward-looking statements’ are identified by words such as “expects,” (“Triangle” or the “Company”) nor its respective officers, shareholders, rel
Slide 3: Ongoing Exploration Program
3 Click to editExploration Ongoing Master title style Program Perth Basin Acreage: Upcoming 2 well farm in program across Geraldton 1 landholding in the North Perth Basin with multiple prospects and plays. Gas pipeline through block Divest legacy Cliff Head Oil Field: Divesting to Pilot Energy for C
Slide 4: Perth Basin Exploration: High Impact
4 Click HightoImpact edit Master PerthtitleBasin style Exploration 1. 2. Divesting legacy Cliff Head Oil Field Evaluate and explore Perth Basin Acreage 3. Pursuing new ventures 4. Strong Board and management team Well Well 3 (CY25)* Becos-1* Oct Dec 2024 2024 *Subject to regulatory approval and cont
Slide 5: Booth-1
5 Click to edit Master title style Booth-1 Gas Potential Kingia depth map • Booth-1 reached TD (2812m vs planned of 2846m) very swiftly (actual of 7 days vs planned of 14 Huntswell Deep days), the rig and team performed faultlessly and the drill rate was extremely fast • Well drilled at record speed
Slide 6: Seismic Booth-1 Correlation
6 Click to editSeismic Booth-1 Master title style Correlation Gas Potential Kingia depth map • Initial results indicate that Booth is a valid structure with targets encountered on prognosis • Reservoir quality was excellent • Prelim post well analysis suggests migration pathway to Booth was limited
Slide 7: L7 & EP437 Perth Basin - Onshore
7 Click L7 &toEP edit437 Master title style Perth Basin - Onshore Prospects and Wells - 3 well farm-in • L7 contains multiple plays: 1. Kingia gas plays like Waitsia / W Erregulla & Lockyer EP437 (50%) L7 (50%) Huntswell 2. Also contains Dongara oil / gas plays like N Deep Erregulla Deep MinRes 3. A
Slide 8: Second Well - Becos-1 (EP 437)
8 Click Secondto edit – Becos-1 Master Well title style (EP 437) Prospects and Wells - 3 well farm-in • Excellent potential for oil & gas in EP Oil Potential 437 EP437 L7 • Two oil prospects identified • Becos prospect to be next well drilled • Spud likely Nov 2024, subject to regulatory approval an
Slide 9: Possible Third Well Updip MH-2
9 Click to edit Possible ThirdMaster Welltitle style Updip MH-2 • MH-2 Updip prospect Mount Horner 2 MH 2 Updip • Low risk oil target ~2 MMbbl (schematic • 1.5m oil leg in MH-2 drilled 1965 • 3D seismic shows it missed structure Note oil leg • Underlain by oil potential and new gas play Dongara • ~
Slide 10: Possible Third Well Huntswell Deep
10 Click to edit Possible ThirdMaster Welltitle style Huntswell Deep Eurangoa-1 • Huntswell Deep Prospect • Kingia Gas Target • 4 way dipclosed structure • Prospective Resources 60 Bcf ML MH-2 updip Top Kingia Sst Top HCS
Slide 11: Future Well Potential L7 Oil Prospects
11 Click Futureto edit WellMaster title style Potential L7 Oil Prospects Oil Prospective Resource Gross 100% (MMbbl) Oil Prospective Resource Net TEG 50% (MMbbl) • Recent review reveals significant oil potential in L7. Recent wells to the south proving large oil Low Best High Low Best High discovery
Slide 12: Cliff Head
12 Click Cliff to edit Master title style Head Carbon capture & storage transition leads to cash sale • Triangle sale of Cliff Head oil field and facilities to Pilot for conversion to CCS is in its final stages • Triangle will exit Cliff Head in October • Pilot to pay field costs from August 1 2024
Slide 13: New Ventures
13 Click New toVentures edit Master title style Permits awarded in UK in 2024: • West of Shetland P 2628 Cragganmore Gas field: Contingent Resources 527 Bcf 50% net Triangle • Central North Sea P 2650. Prospective Resources 269 Bcf 50% net Triangle Asia: • Philippines onshore Luzon, in award phase •
Slide 14: Thank You
Click to editThank You Master title style Managing Director, Conrad Todd www.triangleenergy.com.au ASX: TEG
Triangle Energy (Global) — Corporate Update (August 2024) on 6ix