Triangle Energy (global) Limited · ASX:TEG

Triangle Energy (global) — Investor Presentation (February 2019)

13 slides from Triangle Energy (global)'s investor presentation, Feb 18, 2019

  1. Slide 1: Developing Reserves and Creating Value in the Perth Basin

    18 February 2019 Developing Reserves and Creating Value in the Perth Basin

  2. Slide 2: Triangle Energy (Global) Ltd (ASX:TEG)

    TRIANGLE ENERGY (GLOBAL) LTD (ASX:TEG) Triangle is an oil producer with a growing exploration and development portfolio in the under-explored Perth Basin  Australian focus in the oil and gas sector  78.75% interest and operator of the Cliff Head Oil Field with production (651 bbls net1) and predic

  3. Slide 3: Corporate Snapshot

    CORPORATE SNAPSHOT Capital Structure and Key Metrics Board ASX Code TEG Edward Farrell Non Executive Chairman Shares on issue1 306.8 million Robert Towner Managing Director Unlisted options on issue 6.000M exc @ $0.06, exp 29 Mar 2019 11.155M exc @ $0.15, exp 19 Jan 2020 Darren Bromley Executive Dir

  4. Slide 4: Cliff Head Oil Field

    CLIFF HEAD OIL FIELD Montell 1 CLIFF HEAD __ OIL FIELD @ Xanadu Discovery ©® Prospect @ Oil Field @ Gas Field posers target location XANADU _ DISCOVERY <a TriangleEnergy

  5. Slide 5: Cliff Head Operations

    CLIFF HEAD OPERATIONS Cliff Head Oil Field Operations Update  CHJV (100%) production December quarter 2018: 70,491 bbls (766bopd)  93% increase in average daily production on previous quarter  CHJV (100%) oil sales revenue December 2018 quarter: AU$6.35 million  CHJV lifting costs: US$28.52/bbl

  6. Slide 6: Perth Basin Growth Strategy

    PERTH BASIN GROWTH STRATEGY Perth Basin growth strategy  Cliff Head Production Enhancement programme  50%¹ participating interest in Production Licence L7 Mt Horner  45%² participating interest in TP/15 JV (Xanadu oil discovery)  Continue to assess JV opportunities in the Basin  Potential to ex

  7. Slide 7: Perth Basin Growth Strategy cont: Cliff Head Production Enhancement Programme

    PERTH BASIN GROWTH STRATEGY cont Cliff Head Production Enhancement Programme Reservoir Management Reservoir dynamic modelling Waterflood Management Redefine waterflood strategy to balance the sweep and improve recovery, through zonal isolation in existing water injector(s) or conversion of producer

  8. Slide 8: TP/15 Xanadu Discovery

    PERTH BASIN GROWTH STRATEGY cont TP/15 XANADU DISCOVERY The story so far……a strong upside position  Confirmed oil discovery  Triangle has a 45%¹ participating interest in the TP/15 Joint Venture  Xanadu-1 was drilled as a deviated well, from an onshore surface location to an offshore target, TD a

  9. Slide 9: Production Licence L7: Mount Horner

    PRODUCTION LICENCE L7: MOUNT HORNER 50% Farmout Executed  The Joint Venture will commence an Early Work Programme which will include the workover of two existing production wells at the Mount Horner Oil Field  In parallel with the Early Works Programme, Triangle will develop a work programme which

  10. Slide 10: State Gas Limited (ASX:GAS)

    STATE GAS LIMITED (ASX:GAS) 35.47% equity interest worth $43.7 million (@ $0.93 per share as at 15/2/19)  GAS holds an 80% interest in and is the Operator of the Reid’s Dome Gas Project (PL231) in the Bowen Basin QLD  Successfully drilled two wells during Q4 2018, Primero West-1 and Nyanda-4  Nya

  11. Slide 11: Investment Proposition

    INVESTMENT PROPOSITION The only offshore and onshore infrastructure operating in the Developing reserves and creating value in the Perth Perth Basin Basin 78.75% interest and Operator of Cliff Head Oil Field Oil production providing predictable, positive cash flow Infrastructure with capacity to

  12. Slide 12: Triangle Energy (Global) Limited

    Triangle Energy (Global) Limited (ASX:TEG) Mr Rob Towner – Managing Director Ground Floor, 100 Havelock St West Perth Western Australia 6005 E: info@triangleenergy.com.au T: +61 8 9219 7111 W: www.triangleenergy.com.au

  13. Slide 13: Disclaimer and Forward Looking Statements

    DISCLAIMER AND FORWARD LOOKING STATEMENTS  This Presentation is provided on the basis that Triangle Energy (Global) Limited (“Triangle” or the “Company”) nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any repre

Triangle Energy (Global) — Investor Presentation (February 2019) on 6ix