Dune Oil Corp. · CSE:DUNE
Dune Oil — Trillion Energy International — Investor Presentation (November 2022)
18 slides from Dune Oil's investor presentation, Nov 1, 2022
Slide 1: Ramping Up Natural Gas Production in Turkiye
Ramping Up Natural Gas Production in Turkiye 17 New Wells Record-High Natural Gas Prices November 1, 2022 CSE: TCF | Frankfurt: Z62 | OTC: TRLEF CSE25 Index Trillion Energy Akçakoca Gas Production Platform, SASB Gas Field, Black Sea, Turkiye
Slide 2: Disclaimers
Disclaimers Since forward-looking information addresses future events and conditions, by its very nature it involves inherent known and unknown risks and uncertainties which are beyond the control of Trillion. Actual results could differ materially from those currently anticipated due to a number of
Slide 3: Notes to Disclosure of Reserves and Resources
Notes to Disclosure of Reserves and Resources Statements made herein regarding Reserves, Prospective Resources, Resources, Net Present Value (NPV), Discovered petroleum initially-in-place, UPIIP, DPIIP for the SASB Project are generally derived from the two reports prepared by GLJ Ltd, an independen
Slide 4: Company Highlights
Company Highlights Record High Natural Gas Prices Ramping up European Natural Gas Production During The Energy Crisis US$31 /MCF Current Gas Price Fully funded 17 gas well development program in Black Sea, offshore Turkey First well successfully drilled and tested 8 MMCF/day during October 2022 Comp
Slide 5: SASB Gas Field Development – Our Focus for Growth
SASB Gas Field Development – Our Focus for Growth SASB 4 Gas Pools produced 41 BCF to date (South Akcakoca Gas Field) 4 Additional Gas Pools to be produced through 17 well program targeting 43 BCF Additional prospective targets 18km subsea pipeline, 4 offshore production platforms in place Turkey Ce
Slide 6: SASB Development Program - 17 Wells
SASB Development Program -17 Wells Production Platform Future Drilling Locations BLACK SEA GAS FIELDS: Proven and Producing Fields Discovered & Undeveloped Discoveries Guluc Gas Field Prospective Development Locations Exploration Targets Eskikale Gas Field SA-2 Well Completed Oct 2022 Akcakoca Gas F
Slide 7: Well Trajectories from Akcakoca Platform
Well Trajectories from Akcakoca Platform Why are wells 4567000 directionally Akcakoca Gas Pool : Already on Production drilled? 4565000 Cheaper – no new West Akcakoca Gas Pool infrastructure needed Guluc Gas Pool 4565000 Faster on production Easier to work over in 4564000 future 4563000 Akcakoca Pla
Slide 8: South Akcakoca 2 Well: Log Evaluation and Perforations
South Akcakoca 2 Well: Log Evaluation and Perforations First Set of Perforations target 24.3 metres Second Set of Perforations for the future South Akcakoca-2 Well MD and 19.5 metres TVD target 11.3 metres MD and 10.8 metres TVD Recommended Perforation Intervals 8
Slide 9: SASB: Reserves, Resources & Netbacks
SASB : Reserves, Resources & Netbacks @ USD $31 Gas Price Gas Prices 2021: 51-101 Report Used USD $8 -$9.5 /mcf) NETBACK /mcf 2022: Gas prices skyrocketed to $31+ as at Oct 2022 $25.9 $6.0 Gas Reserves (7 well program) HIGH PROJECTED 51-101 Gas Price NET BACKS*** 20.1 BCF* -2P Reserves USD $9 NPV10
Slide 10: SASB Development Program Projected Cash Flow
SASB Development Program Projected Cash Flow Projected Monthly EBITA at different gas price scenarios : 3 Gas Price Scenarios: A B PEAK PRODUCTION $9/MCF (2021 Pricing) Program Program $24m $18/MCF (2022 Avg Pricing YTD) $22m NEW DISCOVERIES MAY REDUCE THE DECLINE CURVE $31/MCF (Current Pricing) $20
Slide 11: Strong Intrinsic Share Value based on 17 Well Program
Strong Intrinsic Share Value based on 17 well Program Excellent fiscal terms: 12.5% Royalty; Corp Tax 23% Current Market Capitalization @$.46/share = $172m NPV10% (at present US$30/MCF) = CND$ 984 Million for 17 Well program (assuming US$30 gas) Expected 2023 EBITA > US$ 100 Million @ $30 gas Resear
Slide 12: Directors & Management Team
Directors & Management Team David Thompson DIRECTOR, Audit Committee Chair Mr. Thompson has 30 years of financial experience in the oil and gas industry. He Dr. Arthur Halleran PRESIDENT, CEO & DIRECTOR successfully founded an oil trading company in Bermuda, with offices in the U.S. and Europe, and
Slide 13: Corporate Summary
Corporate Summary CSE: TCF | Frankfurt: Z62 | OTCQB: TRLEF Natural Gas Project in high priced High Projected Cash Flows for 17 region with superior economics Well Development Program 17 well drilling program commenced Gas Prices at all time highs - USD with first gas achieved Nov 2022 $31+/MCF Helpi
Slide 14: Photo Gallery - SASB Drilling Program 2022
Photo Gallery -SASB Drilling Program 2022 Trillion Shore Base - Sept 2022 Trillion Gas Processing Facility Trillion Production Tripod Drill pipe and casing @Shorebase 14
Slide 15: Photo Gallery SASB Drilling Program 2022
Photo Gallery SASB Drilling Program 2022 Directionally drill from Platform Towing RIG from Romania to SASB Spudding of first Well Akcakoca Platform Platform (From a Birds Eye) 15
Slide 16: SASB Near Field Low Risk Exploration
SASB Near Field Low Risk Exploration 13 Additional Exploration Targets Stratigraphic Exploration Targets 13 additional exploration prospects provide significant additional upside These targets are proximate to the platforms & Mid Eskikale Discovery Includes stratigraphic targets Guluc Discovery Akca
Slide 17: Blue Sky Exploration Proximate to SASB Block
Blue Sky Exploration Proximate to SASB Block Tuna -1 Recent 19 TCF Gas Discovery in Basin Recent Tuna -1 & Amasra-1 discoveries in 2021 are game changers showing huge gas deposits Our Plan We have 3,100 km of 2D seismic data delineating targets off block for future exploration We plan to explore off
Slide 18: Contact
Contact General Inquiries info@trillionenergy.com +1 (778) 819-1585 trillionenergy.com Canada (Head Office) Suite 700 838 West Hasting Street Vancouver, BC V6C 0A6 Turkiye (Operations) Turan Gunes Bulvari, Park Oran Ofis Plaza, 180-y, Daire:54, Kat:16, 06450, Oran, Cankaya, Ankara, Turkiye Arthur Ha
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