Dune Oil Corp. · CSE:DUNE
Dune Oil — Trillion Energy — Investor Presentation (May 2022)
21 slides from Dune Oil's investor presentation, May 2022
Slide 1: Ramping Up Revenues From Proven Gas Reserves in 2022
Ramping Up Revenues From Proven Gas Reserves in 2022 17 New Wells for Record-High Natural Gas Prices MAY 2022 CSE: TCF | Frankfurt: Z62 | OTC: TRLEF Trillion Energy Akçakoca Gas Production Platform, SASB Gas Field, Black Sea, Turkey
Slide 2: Disclaimers
Disclaimers Certain information in this presentation may constitute "forward-looking" information which involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Trillion Energy Inc. (“Trillion”), or industry results, to be
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 Turn-key Natural Gas Development in Hot European Market Key Asset Excellent Phenomenal Blue Sky Potential • 49% interest in large discovered, producing Economics Trillion Energy’s SASB block natural gas field South East, Black Sea. Low Royalty of 12.5% and low operating cost is on
Slide 5: High EU Natural Gas Prices - Strong Desire to Reduce Russian Gas Dependence
High EU Natural Gas Prices - Strong Desire to reduce Russian Gas Dependance conflict — and supply could be Gas is key in the Russia-Ukraine disrupted around the world European Natural Gas Prices 180 Oil is enjoying a bull 160 market. Energy stocks 140 need to catch up PRICE (EUROS) 120 100 80 What’s
Slide 6: Why Turkey & Europe?
Why Turkey & Europe? Strong growth in Natural Gas Prices Acute Shortages & Soaring Natural Gas prices $15 – Turkey (2021-2022) $14 Turkey and Europe are heavily reliant on Natural Gas imports (imports 99% of its natural gas) from LNG and Russia. EU Plans to $13 US$18/MCF reduce Russian dependance wh
Slide 7: SASB Gas Field Existing Infrastructure
SASB Gas Field Existing Infrastructure Large under-utilized, gathering and processing infrastructure = Turnkey Production 4 Existing Natural Gas Production Platforms DOGU AYAZLI PLATFORM (1 OF 4 PLATFORMS) 8 Wells Produced to date (2008-current) producing 42 BCF sold for approx. US $355m (100% inter
Slide 8: SASB Natural Gas Field Reserves & Resources
SASB Natural Gas Field Reserves & Resources 3rd Party assessment by GLJ Historical Production $355m 42 BCF of gas produced to date value $355m USD from 8 wells Natural Gas Reserves as of Oct 31, 2021 1 20.2 BCF of net 2P reserves USD $75.75M before tax NPV10% on 2P (Trillion %) Low-Risk Development
Slide 9: Planned 17 Well Development
Planned 17 Well Development 2022 – 2024 Development Program - SASB Gas Field 7 Existing Discoveries with unproduced Reserves 10 New Development Drilling Locations Tested and proved discoveries to be redrilled/completed and put into production 2022-2023 Wells will be drilled from 2023-2024 (60-80% pr
Slide 10: Projected Cash Flow Ramp-Up
Projected Cash Flow Ramp-Up Current development -17 Wells, Two Programs Monthly SASB Projected Cashflow Program A Program B based on approx. $9/mcf gas $1.8M $3.7M $7.6M Drill 5 Wells to proved reserves Drill 8 Wells Recomplete 2 Wells Re-Enter 2 Wells Focus on low risk reserves Subsea Tie-In to Akç
Slide 11: 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 Turkey (Operations) Turan Gunes Bulvari, Park Oran Ofis Plaza, 180-y, Daire:54, Kat:16, 06450, Oran, Cankaya, Ankara, Turkey Arthur Hall
Slide 12: SASB Gas Field Economics Summary
SASB Gas Field Economics Summary Phase III & IV* Phase III IV &V* Mid-case NPV10 Management Management Long term Gas USD $ based on 3rd Party Estimate NPV10 Estimate NPV10 Price $9/MCF Engineering using actual RF using actual RF reports (1) (2) (recovery factor (recovery factor 80%) 80%) plus additi
Slide 13: SASB Development Funding Sources
SASB Development Funding Sources Drilling funded through brokered equity, CAPEX Sources (USD): debt and internal cash flow Initial drilling will occur over 24 months with one well $14M being brought online approximately every 30- 45 days. Planned Equity Financing Q1 2022 Wells will immediately start
Slide 14: SASB Near Field Low Risk Exploration
SASB Near Field Low Risk Exploration 13 Additional Exploration Targets Stratigraphic Exploration Targets 13 low-risk prospects not included in GLJ Report provide significant additional upside These targets are proximate to the platforms & Mid Eskikale Discovery Includes stratigraphic targets Guluc D
Slide 15: Blue Sky Exploration Proximate to SASB Block
Tuna -1 Blue Sky Exploration Proximate to SASB Block Turkey's Erdogan hails Recent 19 TCF Gas Discovery in Basin huge natural gas find 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
Slide 16: Directors & Management Team
Directors & Management Team Dr. Arthur Halleran PRESIDENT, CEO & DIRECTOR David Thompson CFO & DIRECTOR Dr. Halleran has served as a director of Trillion Energy since October 4, 2011. He has a Mr. Thompson has 30 years of financial experience in the oil and gas industry. He Ph.D. in Geology from the
Slide 17: Corporate Summary
Corporate Summary Turnkey Nat gas Project for Europe Low-Cost Nat Gas Producer July 2022 Est. date of new production commencement Less than $1/MCF +12.5% royalty +CAPEX USD $169M NPV 10 @$9/mcf Nat Gas USD$18/MCF -Current Nat Gas Price NPV10 2P reserves and best case resources @ SASB Project Recent
Slide 18: Appendix I
Appendix I The wells will be drilled from existing offshore platforms by placing the jack-up rig over the platform and drilling directionally. This way, the wells will be connected to existing platforms, and start producing immediately. PRODUCTION JACKUP PLATFORM DRILLING RIG 18
Slide 19: Appendix II
Appendix II Bayhanli Well 2 PRODUCTION EXPLORATION WELL WELL Directional Drilling Method Utilized for Production Wells Diagram illustrates how wells will be directionally as engineered by Schlumberger and drilled from existing offshore LEGEND platforms, by placing jack up rig over the existing platf
Slide 20: Appendix III
Appendix III Bayhanli A detailed log illustrating gas sands and tested zones Wells that have been previously drilled, tested and mapped, but not produced. TESTED 7.2 MMcf/d
Slide 21: Appendix III: Monthly Cashflow Forecast - SASB
Appendix III 6 Mo. Proforma Monthly Cashflow forecast -SASB (based on July 1 2022 spud date) Financial Projection, SASB Gas Field* P2 reserves and Mid-case resources, 2 Phases, 17 wells (All figures expressed in $USD) Updated Jan 2022 GLJ Pricing as at Oct 2022* 2022 Program Month 1 2 3 4 5 6 7 Mont