Top End Energy Limited · ASX:TEE
Top End Energy — Investor Presentation (April 2022)
27 slides from Top End Energy's investor presentation, Apr 12, 2022
Slide 1: Leading Australia into a low-carbon energy future
For personal use only Leading Australia into a low-carbon energy future Corporate Presentation April 2022
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Top End Energy Limited (Australian Company Number 650 478 774) (the Company). This presentation is not a prospectus and does not
Slide 3: Top End Energy – an energy company for the future
Top End Energy – an energy company for the future For personal use only Strategic Objectives Vision De-risk existing asset base: potential for 1 strategically located low CO2 natural gas ✓ To be a leading Australian diversified energy provider – meeting increasing and other end products (e.g. hydrog
Slide 4: Corporate Highlights
Corporate Highlights For personal use only 1 Prospective acreage in Australia’s most exciting hydrocarbon regions – clear roadmap to de-risk organic asset base representing material upside potential 2 Supportive Federal and State governments and other key local stakeholders 3 Well-positioned to buil
Slide 5: Prospective existing onshore asset base
Prospective existing onshore asset base For personal use only Exposure to hydrocarbon neighbourhoods with 500+ TCF of Top End Energy Asset Portfolio estimated in-place natural gas resource (1) ▪ The Company’s asset portfolio currently consists of: 1. 100% interest in ATP 1069, a granted permit locat
Slide 6: Near-term potential in Queensland
Near-term potential in Queensland For personal use only Multiple play potential on ATP 1069 permit in proximity to proven gas production and infrastructure Asset Overview: ▪ ATP 1069 is located 130km north-west of Charleville in Central Queensland, covering an area of 4,185km2 ▪ Two wells drilled to
Slide 7: Near-term potential in Queensland
Near-term potential in Queensland For personal use only ATP 1069 represents both conventional and unconventional play potential Prospectivity Potential (1) Prospectivity Type Area (km2) Unit Thickness (m) 1 Conventional 896 Lissoy Sandstone 20-50 2 Coal Seam Gas 1,247 Betts Creek Coals 5-20 3 Shale
Slide 8: Extensive optionality across the Northern Territory
Extensive optionality across the Northern Territory For personal use only Significant application acreage in one of Australia’s most active and prospective hydrocarbon regions Portfolio Overview ▪ 30 applications (1) for petroleum exploration permits (EPs) within the Northern Territory, encompassing
Slide 9: Prioritised permit applications represent near-term potential
Prioritised permit applications represent near-term potential For personal use only ▪ EP(A) 257 (7,255 km2): located in Greater MacArthur Basin - both conventional / unconventional prospectivity. Potential gas in the Limmen sandstone and likely presence of the Velkerri Shale, which is being targeted
Slide 10: Potential near-term prospects
Potential near-term prospects For personal use only Key permit applications located in potential wet gas window on shallower basin margin around the Beetaloo sub-basin ▪ Key permits in the north of the NT located on the edge of the Greater McArthur Basin – potential for presence of the Kyalla and Ve
Slide 11: Activity in the Beetaloo sub-basin
Activity in the Beetaloo sub-basin For personal use only Recent and ongoing operator work programs in the Beetaloo sub-basin continue to prove up resources and potential of the region 2021 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Kyalla 117 flow test Velkerri 76 well 3D Amungee NW-1H flow test 2 wells, stimulat
Slide 12: Supportive Federal & State Governments
Supportive Federal & State Governments For personal use only “ The Beetaloo Sub-basin is potentially a world-class gas resource which could create thousands of jobs and help bolster supplies of gas for the domestic market and for exports around the world - Federal Minister for Resources and Water ”
Slide 13: Well-positioned to build on potential future discoveries
Well-positioned to build on potential future discoveries For personal use only Advantageous onshore position in proximity to existing infrastructure and structurally short gas markets Midstream & Civil Infrastructure Capacity Pipeline Operator (TJ/day) 1 1 Amadeus Pipeline APA 120 3 2 2 Tanami Gas P
Slide 14: Supportive international & domestic market dynamics (1/3)
Supportive international & domestic market dynamics (1/3) For personal use only Sustained underinvestment in upstream has resulted in record low discoveries and decreasing development of new supply Global investment in upstream oil and gas (US$bn; nominal) Global conventional discovered resource & e
Slide 15: Supportive international & domestic market dynamics (2/3)
Supportive international & domestic market dynamics (2/3) For personal use only While upstream investment has reduced materially, demand, specifically for natural gas and LNG, continues to rise Global supply / demand outlook for natural gas (bcm) Global supply / demand outlook for LNG 6,000 Material
Slide 16: Supportive international & domestic market dynamics (3/3)
Supportive international & domestic market dynamics (3/3) For personal use only Structurally short east coast gas market and long-term global LNG undersupply will continue to drive domestic demand for natural gas East coast gas supply / demand (PJ/annum) East coast LNG netback pricing (A$/GJ) 45 2,0
Slide 17: Diversification into broader clean energy space
Diversification into broader clean energy space For personal use only Opportunity to leverage existing geographic footprint to pursue renewable energy and other clean energy products to offset emissions and deliver diversified revenue streams Clean energy development in Australia is still in its inf
Slide 18: Clean energy strategy
Clean energy strategy For personal use only The Company has adopted a structured approach to assessing the most viable opportunities for achieving (1) net-zero emissions (Scope 1 & 2) and (2) supplementary revenue streams Solar Hydrogen 1 Opportunity Scoping Wind CCS Biomass / biogas Carbon abatemen
Slide 19: Commitment to ESG
Commitment to ESG For personal use only Maximising all stakeholder interests and delivering value sustainably is at the heart of Top End Energy’s approach to business Socialsuites Dashboard – ESG Baseline Established Maintaining the highest standards of ESG compliance is important to Top End Energy’
Slide 20: Top End Energy Team
Top End Energy Team For personal use only Emmanuel Correia Oliver Oxenbridge Greg Lee Richard Lampe Chairman Managing Director Technical Director Non-Executive Director • Over 25 years’ public company and corporate • Over 10 years of experience in the • Petroleum Engineer with over 35 years of • Ove
Slide 21: Indicative work program
Indicative work program For personal use only Minimal funds required to deliver near-term de-risking of prioritised asset base and pursue inorganic growth opportunities 2022 2023 H1 H2 H1 H2 Seismic reprocessing and new acquisition Queensland Exploration well conditional on ATP 1069 outcome of seism
Slide 22: Capital & corporate structure
Capital & corporate structure For personal use only Top End Energy Capital Structure (1) Top End Energy Corporate Structure Shares on Issue & Market Capitalisation Shares on issue 69,625,001 Share price $0.34 Market capitalisation (undiluted) $23.7m 100% 100% Cash available $5.7m Tomorrow Energy Pty
Slide 23: Enquiries
For personal use only Enquiries info@topendenergy.com.au
Slide 24: Appendix A Permit Summary
For personal use only Appendix A Permit Summary
Slide 25: Prioritised Permits
Prioritised Permits For personal use only Permit Location Gross Area (km2) (1) Blocks TEE Net Interest Status ATP 1069 Queensland 4,185 1,350 100% Granted EP 257 Northern Territory 7,255 96 50% Application EP 258 Northern Territory 1,340 19 50% Application EP 259 Northern Territory 2,472 39 50% Appl
Slide 26: Additional Permits
Additional Permits For personal use only Permit Location Gross Area (km2) Blocks TEE Net Interest Status EP254 Northern Territory 12,650 169 50% Application EP312 Northern Territory 98 2 50% Application EP315 Northern Territory 18 2 50% Application EP281 Northern Territory 56 5 50% Application EP282
Slide 27: Additional Permits (Cont'd)
Additional Permits (Cont’d) For personal use only Permit Location Gross Area (km2) Blocks TEE Net Interest Status EP285 Northern Territory 5 2 50% Application EP284 Northern Territory 122 6 50% Application NTC/P14 Northern Territory 77 5 50% Application EP276 Northern Territory 13,570 200 50% Applic