Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Investor Presentation (March 2024)
18 slides from Triangle Energy (global)'s investor presentation, Mar 6, 2024
Slide 1: ASX Announcement
ASX Announcement 6 March 2024 ASX: TEG Corporate Presentation Triangle Energy (Global) Limited (ASX: TEG) advises that it has released an updated Corporate Presentation (see attached). Managing Director Conrad Todd will deliver this presentation at this week’s Resources Rising Stars investor lunch s
Slide 2: RRS Investor Lunch Presentation: Drilling in Perth Basin
Click to edit Master title style RRS Investor Lunch Presentation ASX: TEG Drilling in Perth Basin Managing Director, Conrad Todd www.triangleenergy.com.au March 2024
Slide 3: Disclaimer
2 Disclaimer Click to edit Master title style This Presentation is provided on the basis that Triangle Energy (Global) Limited Whenever possible, these ‘forward-looking statements’ are identified by words such as “expects,” (“Triangle” or the “Company”) nor its respective officers, shareholders, rel
Slide 4: Investment Highlights
3 Investment Click Highlights to edit Master title style High leverage gas and oil exploration in the North Perth Basin Triangle is pivoting from legacy assets to high value Perth Basin exploration Perth Basin Acreage: L7 One of the last underexplored landholdings in Geraldton 1 the North Perth Basi
Slide 5: Corporate Overview
4 Corporate Click Overview to edit Master title style Shares On Issue Market Capitalisation 1.81bn* $31m (at $0.017 after shares issued) Options Cash 364m* $5m (160m at $0.025 per share, (at 31 Dec 2023) exp 30 Jun 2025) State Gas Holding Cliff Head JV (78.75%) $4m ~550 bopd (9.3% of ASX:GAS) (avera
Slide 6: Perth Basin Drilling
5 PerthtoBasin Click Drilling edit Master title style • Triangle is Operator and 50% holder of the L7 Joint Venture. • Regulatory approval received Heritage approval received • Landholder Access underway • JV approval to negotiate a rig slot to drill the Booth-1 well Q2 2024 • Booth Prospect has pot
Slide 7: L7 & EP 437 Onshore Perth Basin
6 L7 &toEP Click edit437: Onshore Master title stylePerth Basin Farm out partners Strike Energy & NZOG 25% interest in L7 & EP 437 farmed out to both Strike & NZOG • Farmin parties each paid 50% of seismic costs • Farminees pay 50% of 1st deep well in L7 (to$7.5 m) EP437 Huntswell Deep L7 50% 50% •
Slide 8: L7 Gas Prospects and Resources
7 L7 Gas Click Prospects to edit Master titleand styleResources Many gas prospects and leads confirmed. Gas Potential Kingia depth map Excellent potential in Kingia and High Cliff reservoirs Huntswell Deep 4 High-graded prospects for 2 drill slots in 2024 (see table) NB Mt Horner-2 updip overlies a
Slide 9: EP 437 Oil Prospects and Resources
8 EP 437 Click OilMaster to edit Prospects and Resources title style Excellent potential for oil & Oil Potential gas in EP 437 EP437 L7 Two oil prospects identified Becos prospect 2nd Well Best Estimate 5 MMbbl oil (gross 100%) Wye Knot Potential value $20 /bbl Permo/Triassic oil target Oil Prospect
Slide 10: L7 Oil Prospects and Resources
9 L7 Oil Click Prospects to edit and Master title Resources style Oil Prospective Resource Gross 100% (MMbbl) Oil Prospective Resource Net TEG 50% (MMbbl) New review reveals significant oil potential in L7. Recent wells to the south proving large oil discovery Low Best High Low Best High in the Dong
Slide 11: WA Gas Market and Valuation
10 WA Gas Click to editMarket andstyle Master title Valuation • Gas supplies 30-45% WA power Present shortage Going to get worse (AEMO report Aug 2023) • Domgas fields on NWS in decline LNG plants not yet supplying their 15% DMO • Coal supplies 30% of WA power: Muja closure 2025-2029 (854 MW) Collie
Slide 12: Increasing Perth Basin Value
11 Click PerthtoBasin edit Master ValuetitleIncreasing style Triangle has one of the last underexplored acreage positions in the North Perth Basin Recent Perth Basin M&A Activity Hancock $many Bn SOLD FOR • Norwest >> Mineral Resources $450 million MinRes $12 Bn • Warrego >> Hancock $440 million • T
Slide 13: Cliff Head Carbon Capture & Storage Transition
12 Cliff to Click Head edit Master title style Carbon capture & storage transition • Triangle sale of Cliff Head oil field and facilities to Pilot for conversion to CCS is in its final stages of approval • Triangle will exit Cliff Head altogether • Pilot will pay Triangle ~$15 million in staged paym
Slide 14: Cliff Head
13 Cliff to Click Head edit Master title style Triangle remain as Operator until the CCS deal completes Cliff Head Alpha When two loads are in the tanker, it goes to a refinery in Asia Production 30,000 barrels stored in Onshore Arrowsmith facility. When full, trucked to tanker at Port of Geraldton
Slide 15: UK Offshore Licence Round Awards
14 UK Offshore Click Licence to edit Master Round Awards title style Further permits yet to be awarded West of Shetland (Athena Exploration) Central North Sea (Orcadian Energy PLC) • Awarded the Cragganmore Gas Field licence • Awarded 9 shallow gas exploration blocks • 50% TEG • 50% TEG • Contingent
Slide 16: New Ventures
15 New toVentures Click edit Master title style Asian expansion Triangle Management have worked and lived in Asia for decades. Thailand Have a good understanding of the region’s geology and jurisdictions. Numerous opportunities in the region have been evaluated. Philippines Malaysia Targets are high
Slide 17: Timeline
16 Timeline Click to edit Master title style Share Price Catalysts - Completed / Progressing Sale GAS Perth Basin Oil export 3D Acquisition CCS 2022 New Board route shares & Processing Farmout Application $6.7 mill (Talon) Perth Basin Cliff Head UK Round UK Licence 2023 Farmout Round App Divestment
Slide 18: Thank You
Click to edit Master title style Thank You Managing Director, Conrad Todd www.triangleenergy.com.au ASX: TEG
Triangle Energy (Global) — Investor Presentation (March 2024) on 6ix