H3 Energy Limited · ASX:H3E
H3 Energy — Merger or Acquisition (December 2024)
16 slides from H3 Energy's merger presentation, Dec 23, 2024
Slide 1: Strategic Acquisition – King Energy
Strategic Acquisition – King Energy December 2024 Mark Lindh – Chairman Richard King – Director - King Energy Slide 1
Slide 2: Disclaimer
DISCLAIMER No representation or warranty, expressed or implied, is made by Whitebark Energy Ltd that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, Whitebark Energy, their officers, employees and advisers
Slide 3: Acquisition Overview
ACQUISITION OVERVIEW King Energy Limited Acquisition Structure ■ Whitebark has agreed to acquire King Energy via an off-market takeover offer. Whitebark and King Energy have entered into a Bid Implementation Agreement, under which King Energy’s Directors unanimously recommend that King Energy shareh
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Fuelling Australia’s Energy Future The 3H Strategy - Delivering White Hydrogen, Natural Helium and Transition Energy Company making, sub-salt Officer Basin Project with ranked prospects among the largest, undrilled seismically defined structures on-shore Australia. All hydrogen
Slide 5: Project Summary
PROJECT SUMMARY Project Overview • PEL 81 & 253 cover ~20,000km2 of the Officer Basin in central Australia (SA). • The licenses are located 250km west of Coober Pedy and 350km northwest of Ceduna. • Access is via the Stuart Hwy and the Anne Beadell Hwy from Coober Pedy – the Anne Beadell Hwy runs th
Slide 6: White Hydrogen & Helium
WHITE HYDROGEN & HELIUM Delivering White Hydrogen & Helium Geologic fundamentals for white hydrogen and natural helium are proven and present. 1. Abiotic source rocks for both white hydrogen and natural helium are present – significantly the uranium / thorium / iron rich, Hiltaba granite (likely sou
Slide 7: Hydrocarbons
HYDROCARBONS Rickerscote-1 Hydrocarbons to Support Energy Transition Demand The third limb of the project is to test the 3 reservoir/seal Murnaroo Sst. intervals for prospective volumes of hydrocarbons Oil Rickerscote Prospect Low (P90) Mid (P50) High (P10) Resources Seal Hydrocarbons 67 Million 710
Slide 8: Market Comps: Peer Comparable Analysis
MARKET COMPS Peer Comparable Analysis The project is valued for significant growth Peer value for hydrogen, helium and hydrocarbon companies show that project’s comprising white hydrogen, natural helium and hydrocarbons, are poised to deliver massive value growth for shareholders Estimated values, 6
Slide 9: Market Comps: Peer Comparable Analysis
MARKET COMPS Peer Comparable Analysis The project is valued for significant growth Whitebark Energy’s prospective acreage position for hydrogen, helium and hydrocarbons dwarves many of its more highly valued peers (2 x larger than GHY, >80 x larger than HYT), positioning the company for massive futu
Slide 10: Hydrogen Market
HYDROGEN MARKET Hydrogen Markets Taking Off! White Hydrogen leading the way as hydrogen growth accelerates Rystad Energy, The White Gold Rush and Pursuit of Natural Hydrogen: “Although still in its infancy … white hydrogen has the potential to be a gamechanger for the clean hydrogen sector as an aff
Slide 11: Helium Market
HELIUM MARKET Helium Demand Accelerating Critical supply requirement for high-tech & high-growth Sectors • Helium is in unprecedented short supply. • Fibre Optics Electronics • Computer Chips • Demand from high-tech applications continues • LCD Panels to grow. • Short supply has had a material upwar
Slide 12: Gas Market
GAS MARKET The demand for gas remains high across all Australian energy markets and is critical for the energy transition Short supply and lack of new material projects means new material projects are essential, and high prices will continue • The AEMO in its 2024 Gas Statement of Opportunities high
Slide 13: Project Delivery
PROJECT DELIVERY Indicative Project Schedule The Forward Work Program +6 Months +12 Months +18 Months Soil Geochem Approvals Acquire Interpret 2D Seismic Contracts & Approvals Acquire Interpret Final Well Contracts & Approvals Site Prep & Drilling Design & Spud Well Location
Slide 14: Whitebark's Geothermal Exploration Assets
WHITEBARK’S GEOTHERMAL EXPLORATION ASSETS • Geothermal exploration permits held by Whitebark represent a further opportunity to grow new energy solutions from clean green renewable geothermal energy. • Geothermal energy provides multiple pathways for Power-to-X commercialisation, which could include
Slide 15: Western Australia – Warro Gas Field
WESTERN AUSTRALIA – WARRO GAS FIELD Perth Basin - Warro Gas Field (100% interest) represents a significant gas resource and merits ongoing evaluation. The WA Government released its Fracture Stimulation Implementation Plan in July 2019 and allows onshore fracture stimulation in Western Australia. Co
Slide 16: Mark Lindh – Chairman
For further information: Ph: +61 8 8232 8800 info@whitebarkenergy.com This presentation has been approved for release by the Board of Whitebark Energy Limited Mark Lindh – Chairman Slide 6