Lakes Blue Energy Nl · ASX:LKO
Lakes Blue Energy Nl — Shareholder Meeting (July 2025)
17 slides from Lakes Blue Energy Nl's shareholder meeting presentation, Jul 30, 2025
Slide 1: Extraordinary General Meeting
For personal use only LAKES BLUE ENERGY Extraordinary General Meeting 30 July 2025
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation has been prepared by Lakes Blue Energy NL (“Lakes Blue Energy”, “LKO” or “Company”). By accessing this presentation you acknowledge that you have read and understood the following statement. For personal use only Cautionary Statement The Company is not aware of
Slide 3: Executive Summary
EXECUTIVE SUMMARY Significant gas supply shortfalls are forecast in the Australian East Coast domestic gas market from as early as 2026, with consequent Significant east high gas prices. For personal use only coast market LKO is strategically well positioned to profitably contribute to resolving
Slide 4: Company Overview
COMPANY OVERVIEW Papua New PRL 2 - Wombat 5 and Trifon/Gangell Guinea ATP 1183, Queensland For personal use only • Gippsland Basin, approximately 5km northwest of • 100% of ATP 1183, has a number of gas and oil Seaspray and 30km south-southeast of Sale. targets in close proximity to established prod
Slide 5: Summary of LKO's Prospective and Contingent Resources
SUMMARY OF LKO’S PROSPECTIVE AND CONTINGENT RESOURCES Petroleum Resource Best High Location Licence Interest (%) Prospect Low Estimate COS fluid/ Units type Estimate Estimate For personal use only Gippsland PRL 2 100.0 Wombat field Gas (Bcf) Contingent 258.0 329.0 628.0 - PRL 2 Gippsland 100.0 Trifo
Slide 6: References and Notes
REFERENCES AND NOTES Wombat, Trifon-Gangell and Baragwanath Gas Fields Source of Contingent Resources estimate: “Technical GIIP and EUR Estimate Update Post Wombat #4: Wombat Field”, June 2010, Gaffney, Cline and Associates. For personal use only Source of Wombat-5 gas production potential: “Product
Slide 7: Team
LAKES BLUE ENERGY TEAM Roland Sleeman Richard Ash Nick Mather Non-Executive Chairman Executive Director and Non-Executive Director For personal use only Chief Executive Officer Roland has extensive experience in the oil and gas, utilities Richard has focused on investing in and working with Nick’s s
Slide 8: Market Observations
MARKET OBSERVATIONS Market observations For personal use only EnergyQuest’s sixth annual ‘East Coast Gas Outlook’, Nov. 2024 East coast gas supply shortfalls expected as soon as 2026. Victorian offshore gas fields are running out – Longford production down 33% since 2022. Victoria and NSW reli
Slide 9: Closing the Supply Gap
CLOSING THE SUPPLY GAP Projected annual adequacy in southern regions, 2022-2044 (PJ)1 LKO’s value proposition For personal use only 500 450 Strategically located 400 350 LKO holds significant resource and exploration assets in key basins, including the Gippsland and Cooper Basins, positioned 300 to
Slide 10: Wombat-5 Well and Wombat Gas Field Concept
WOMBAT-5 WELL AND WOMBAT GAS FIELD CONCEPT Wombat-5 horizontal well design specifically selected to achieve commercial production of gas For personal use only Independently forecast potential for 10 TJ/d initial production* Gas Field Development Concept • Minimal gas processing requirement, plus com
Slide 11: What Makes Wombat Gas Field So Appealing?
WHAT MAKES WOMBAT GAS FIELD SO APPEALING? Relative Low Risk For personal use only • Existing vertical wells all flow gas • Certified Contingent (2C) gas resources - refer to slide 5 • Gas is high-quality • Well design is conventional, using established technology • No Stakeholder issues: drilling on
Slide 12: Wombat-5 Gas Well
WOMBAT-5 GAS WELL For personal use only DST = Drill Stem Test mscfd = One thousand standard cubic feet / day Wombat-5 1.5 km lateral targeting upper Strzelecki Formation mmscfd = One million standard cubic feet / day LAKES BLUE ENERGY 12
Slide 13: Wombat Proposed Gas Field Schedule
WOMBAT PROPOSED GAS FIELD SCHEDULE 2025 2026 2027 Activity For personal use only Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Wombat 5 Site Construction Drill and Test Wombat 5 Pre FEED Study Resource Certification FEED FID Detailed Design & Construction Install & Commission First Gas LAKES BLUE ENERGY 13
Slide 14: Post Wombat - Portland Energy Project
POST WOMBAT - PORTLAND ENERGY PROJECT 100% Company owned, with independently estimated prospective resources - refer to slide 5. For personal use only All historic wells that have intersected the Eumeralla Formation have encountered gas and or condensate tight liquids. Greenslopes-2 and Portland Ene
Slide 15: Post Wombat - ATP 1183, Queensland
POST WOMBAT - ATP 1183, QUEENSLAND For personal use only 100% owned by Lakes. Close proximity to existing infrastructure. Multiple exploration targets. Discussions continuing with potential farminee for the Company to be free carried through drilling and testing costs. Independently estimated prospe
Slide 16: Nangwarry - Opportunity
NANGWARRY 1 - OPPORTUNITY • Nangwarry-1(PRL 249 South Australia) is a Lakes operated JV, a well was drilled and tested 2019/2020. For personal use only • Well currently completed and ready to produce. • Certified contingent (2C) resources - refer to slide 5. • Large wellsite, sufficient space to acc
Slide 17: Australian CO2 Market
Australian CO2 Market Major suppliers of food & beverage grade (99.9%) CO2 For personal use only to the Australian market are: • Air Liquide (≈ 50%) • Linde / BOC (≈ 33%) • Others (≈ 17%) Major product streams: • Food & Beverage grade (≈ 60%) • Industrial grade (≈ 32%) (welding, decaffeinating coffe
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