Tmk Energy Limited · ASX:TMK
Tmk Energy — Shareholder Meeting (November 2022)
20 slides from Tmk Energy's shareholder meeting presentation, Nov 25, 2022
Slide 1: TMK Energy Limited: Developing the South Gobi's Significant Natural Gas Resources
NOV 2022 For personal use only TMK ENERGY LIMITED ASX:TMK Developing the South Gobi’s Significant Natural Gas Resources Brendan Stats CEO
Slide 2: Disclaimer
DISCLAIMER For personal use only This document is for information purposes only. It is not a prospectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this document is not an
Slide 3: Company Overview
For personal use only COMPANY OVERVIEW
Slide 4: TMK Energy Snapshot
TMK ENERGY SNAPSHOT Significant gas discovery on the border of the largest global energy market For personal use only CORPORATE OVERVIEW EXECUTIVE SUMMARY PRINCIPLE LISTED 2008¹ Gurvantes XXXV PROJECT HQ Sydney, Australia LOCATION South Gobi Basin MKT CAP $75.4m TENURE PSC Exploration License Larges
Slide 5: Gurvantes XXXV Project Timeline
GURVANTES XXXV PROJECT TIMELINE Project has been materially de-risked following a staged approach to exploration, drilling & commercialisation For personal use only Awarded prospecting Production Sharing Maiden drill program Testing confirms high Seven well drilling Commencement of agreement for Con
Slide 6: Results Overview & Comparison
For personal use only RESULTS OVERVIEW & COMPARISON
Slide 7: Drilling Results
DRILLING RESULTS All seven maiden exploration wells show significant CSG prospectivity with 100% success rate For personal use only OBJECTIVE 2022 DRILLING RESULTS WELL LOCATIONS SL-1 SL-2 SL-3 SL-3R SL-4 SL-5 SL-5R GEOLOGY W E COAL RANK QUALITY High Quality Bituminous Ideal rank and quality for C
Slide 8: Coal Seam Gas Field Comparison
COAL SEAM GAS FIELD COMPARISON Gurvantes XXXV represents a world class coal seam gas Project, comparing favourably to existing world leading CSG basins For personal use only COAL COMPARISON GENERAL ASSESSMENT OF CSG PROJECT PARAMETERS & OGIP RESOURCE DENSITY1 120m LOW QUALITY HIGH QUALITY LIGNITE SU
Slide 9: Maiden Contingent Resource
MAIDEN CONTINGENT RESOURCE Maiden Resource of 1.2 TCF (2C) is the largest Contingent Natural Gas Resource in Mongolia For personal use only NARIIN SUKAIT REGION UNRISKED GROSS CONTINGENT GAS RESOURCE (BCF) 1U (Low) 2U (Best) 3U (High) 150m - 750m Total 1,944 BCF 150m – 750m 398 BCF 722 BCF 1,113 BCF
Slide 10: Commercialisation Strategy
For personal use only COMMERCIALISATION STRATEGY
Slide 11: 2023 Work Program
2023 WORK PROGRAM Clear pathway from exploration to pilot production at Gurvantes XXXV with several near-term milestones For personal use only CY22 CY23 WORK PROGRAMS ACTIVITY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 PILOT WELL PROGRAM OBJECTIVES Environmental Impact Approval a) Flow gas to surface Exploration
Slide 12: Development Framework: Talon Farmout Agreement
Development Framework Established relationships, legal framework, and funding solutions to drive commercialisation For personal use only FARMOUT TALON ENERGY LIMITED (ASX:TPD) PROGRESS AGREEMENT Farmout agreement with Talon Energy Limited (ASX:TPD) ASX:TMK Overview which requires Talon to spend US$4
Slide 13: Development Framework: Government Framework
Development Framework Established relationships, legal framework and funding solutions to drive commercialisation For personal use only GOVERNMENT FRAMEWORK PROGRESS EXPLORATION CAMP Production Sharing Agreement (PSA) - contract between PSA TMK subsidiary Telmen Resource LLC (local subsidiary) and O
Slide 14: Domestic Supply Opportunity
Domestic Supply Opportunity Significant opportunity exists for TMK to cement themselves as a key supplier of gas and power to Mongolia For personal use only MONGOLIAN GAS OPPORTUNITY SOUTH GOBI PROVINCE ENERGY INFRASTRUCTURE SOUTH GOBI MONGOLIA Mongolia is one of the world’s Significant push to deca
Slide 15: China Supply Opportunity
CHINA SUPPLY OPPORTUNITY China is the largest energy user globally with significant gas infrastructure in close proximity to Gurvantes XXXV For personal use only CHINESE ENERGY MARKET NEIGHBOURING OIL & GAS PETROCHINA INFRASTRUCTURE MOU Chinese natural gas demand rising Gurvantes XXXV is less than 2
Slide 16: Appendix
For personal use only APPENDIX
Slide 17: Management Team
Management Team A highly experienced Management team with a track record of developing Mongolian projects For personal use only Brendan Stats Dougal Ferguson Tsetsen Zantav Ganzorig Vanchig Chief Executive Officer Chief Commercial Officer & Strategic Advisor to the Board Chief Operating Officer Comp
Slide 18: Board of Directors
Board of Directors A highly experienced Board with extensive capital market and energy industry experience For personal use only Brett Lawrence Gema Gerelsaikhan Tim Wise Stuart Baker Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Mr Brett Lawrence has 15
Slide 19: Corporate Snapshot
Corporate Snapshot Strongly aligned Board & Management, with significant Mongolian ownership on the TMK register For personal use only TMK Energy Limited (ASX:TMK) Capital Structure Share Price $0.019 Shares on Issue (m) 3,970 m Market Capitalisation1 $75.4m Options / Performance Shares² / Performan
Slide 20: Contact
For personal use only CONTACT Brendan Stats CEO E: info@tmkenergy.com.au T: +61 8 6319 1900 This presentation was approved for release by the TMK Energy Board