Dune Oil Corp. · CSE:DUNE
Dune Oil — Trillion Energy — Investor Presentation (February 2022)
20 slides from Dune Oil's investor presentation, Feb 9, 2022
Slide 1: Ramping Up Revenues From Proven Gas Reserves in 2022
Ramping Up Revenues From Proven Gas Reserves in 2022 17 New Wells Planned to Capitalize on Record-High Natural Gas Prices FEBRUARY 2022 CSE: TCF | Frankfurt: 3P2N | OTC: TCFF 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 7 Discoveries for production + 10 low risk wells planned in high priced European market 2022 -2024 Phenomenal Blue Sky Potential 17 Wells * $169.35M $355M * Trillion Energy’s SASB block is only 100 miles away from the 2021 Black Sea discovery of 14.3 TCF of 7 Discoveries USD NPV10
Slide 5: High European Natural Gas Prices Creates Opportunity
High European Natural Gas Prices Creates Opportunity Oil is enjoying a bull market. Energy stocks European Natural Gas Prices need to catch up 180 160 140 PRICE (EUROS) 120 100 What’s Behind Europe’s 80 Skyrocketing Energy Prices 60 40 20 0 MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TSX Brief: Energy a
Slide 6: Planned Well Development - SASB Gas Field
Planned 17 Well Development - SASB Gas Field Phase 3 and 4 Development Program 2022-2024 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 2023-202
Slide 7: SASB Natural Gas Field Reserves & Resources
SASB Natural Gas Field Reserves & Resources Existing infrastructure inc. 4 Platforms, wells, NPV10% Reserves + Resources = USD $169.35M 1 2 pipeline and gas plant For 17 Targets, as per GLJ Report Oct 31 2021 42 BCF of gas produced to date value $355m USD Development program planned for 17 wells to
Slide 8: Strong Natural Gas Price Growth
Strong Natural Gas Price Growth All-time High Natural Gas Prices (USD Natural Gas Sale Prices - BOTAS (2021-2022) $13/MCF) = Strong Project Economics $14 Strong demand, high-priced imported nat gas in Turkey $13 US$13/MCF Recent natural gas prices of $13/MCF (Jan 2022) are Current Gas Prices signifi
Slide 9: Projected Cash Flow Ramp-Up
Projected Cash Flow Ramp-Up 17 Wells, Two Development Programs Monthly SASB Projected Cashflow Program A Drill 5 Wells to proved reserves Program B Drill 8 Wells $1.8M $3.7M $7.6M August 2022 January 2023 April 2024 Recomplete 2 Wells Re-Enter 2 Wells Projected monthly EBITA based on Oct 31 2021 GLJ
Slide 10: 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 11: SASB Phase V - Near Field Low Risk Exploration
SASB Phase V - 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 ect osp These targets are proximate to the platforms & Mid Eskikale Discovery r Includes stratigra
Slide 12: SASB Economics Summary
SASB Economics Summary Phase III & IV* Phase III IV &V* Management Gas Price USD $ Mid-case NPV10 based on 3rd Party Management Estimate NPV10 Estimate NPV10 $9/MCF Engineering using actual RF using actual RF reports (1) (2) (recovery factor (recovery factor 80%) 80%) plus additional unrisked resour
Slide 13: 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 14: 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 15: Trillion Energy Corporate Summary
Trillion Energy Corporate Summary USD $17M Low-Cost Nat gas Producer New Investment required @SASB Project (CAD $24 M) Less than $1/MCF +12.5% royalty +CAPEX USD $169M High Price Gas Market NPV10 2P reserves and best case resources @ SASB Project Recent Price of USD $13/MCF; long term pricing throug
Slide 16: 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 17: 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 17
Slide 18: Appendix II
Appendix II Bayhanli Well 2 PRODUCTION EXPLORATION WELL WELL Directional Drilling Method Utilized for Production Wells Diagram illustrates how the wells will be directionally as engineered by Schlumberger and LEGEND drilled from existing offshore platforms, by placing jack up rig over the existing p
Slide 19: Appendix III - Bayhanli
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 20: Appendix III - Proforma Monthly EBITA/Cashflow forecast for SASB
Appendix III Proforma Monthly EBITA/Cashflow forecast for SASB to Dec 31 2022 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 Month Q1&2 Jun-22 J
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