Tlou Energy Ltd · ASX:TOU
Tlou Energy — Shareholder Meeting (November 2014)
24 slides from Tlou Energy's shareholder meeting presentation, Nov 6, 2014
Slide 1: Cover letter: 2014 AGM Presentations
Tlou Energy Ltd 210 Alice Street Brisbane Qld 4000 Phone: +61 7 3012 9793 Fax:- +61 7 3003 0675 www.tlouenergy.com Our Ref: Stephen Rodgers Your Ref: For personal use only 6 November 2014 Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000 Dear Sir /
Slide 2: Chairman's address - AGM
TLOU ENERGY LIMITED Chairman’s address - AGM It gives me great pleasure to deliver the Chairman’s address at Tlou’s second AGM as a For personal use only listed entity. The past year has been an exciting year for Tlou, with the continuing progression and expansion of our Lesedi CBM project in Botswa
Slide 3: Managing Director's address - AGM
TLOU ENERGY LIMITED Managing Director’s address - AGM Welcome to this our second AGM as a listed entity. For personal use only The company has had a very active year operationally. The results to date are outlined in today’s presentation, with key points including: Highly encouraging gas pressures
Slide 4: 2014 AGM Presentation
For personal use only 2014 AGM Presentation Date: 6th November 2014
Slide 5: Disclaimer
Disclaimer For personal use only Disclaimer Future performance This presentation (Presentation) has been prepared by Tlou Energy Limited (Tlou). The Presentation and This Presentation contains certain “forward-looking statements”. Forward looking words such as, “expect”, information contained in it
Slide 6: About Tlou Energy
About Tlou Energy For personal use only Who we ASX listed coalbed methane (CBM) company are What CBM in Botswana we do Our Provide a clean and reliable energy Goal source to Botswana & southern Africa 3
Slide 7: Company Overview
Company Overview For personal use only Market Cap: Share Price: $0.28 ~$41m (5 Nov 2014) 148m shares Operations: Acreage: Botswana 10 Permits 100% owned 4 pilot locations HQ: Brisbane ASX: TOU 4
Slide 8: Key Information
Key Information For personal use only Lesedi CBM Project • Botswana’s most advanced • 100% owned and operated NSAI Certified Contingent Resources • 152 BCF (2C) • 2,322 BCF (3C) Significant market opportunity • High energy demand Location • Low cost • Supportive government 5
Slide 9: Experienced Team
Experienced Team For personal use only Board of Directors Key In-Country Management Nathan Mitchell – Chairman •17 years in resource exploration •International Operational Experience •Pioneer of CBM drilling techniques Gabaake Gabaake – African Regional Manager •Geologist and former Botswana public
Slide 10: Botswana Field Operations
Botswana Field Operations For personal use only 7
Slide 11: Operational Focus
Operational Focus For personal use only • ~8,300km2 • ~100 well database • Two pilots testing: o Selemo pod – Lateral o Mopani 2 – Vertical • Two pilots being completed: o Lesedi pod – Lateral o Lesedi 2P – Vertical 8
Slide 12: Lesedi Project
9 For personal use only Lesedi Project
Slide 13: Lesedi CBM Project Technical Fundamentals
Lesedi CBM Project For personal use only Technical Fundamentals Coal depth ~300-700m Cumulative net coal thickness ~25m (Average) Gas contents 4-6 m3/t (DAF) (Average) Unstimulated reservoir ~2-5mD permeability per DST Gas compositions 75%+ methane 10
Slide 14: Horizontal Pilot Design
Horizontal Pilot Design For personal use only • Horizontal wells (~750m in-seam) with vertical pumping well • Lesedi completed as a dual lateral • Selemo completed as a single lateral • Target Reservoir: Basal Morupule coal seam (~6m) 11
Slide 15: Production data - Nov 2014
Production data - 5 Nov 2014 For personal use only Downhole Vertical well Pressure casing pressure Lateral well casing pressure 12
Slide 16: Production data - Nov 2014
Production data - 5 Nov 2014 For personal use only Downhole Vertical well pressure casing pressure Swap out valve 13
Slide 17: Botswana Operations
Botswana Operations For personal use only 14
Slide 18: Commercial opportunities
Commercial opportunities For personal use only 15
Slide 19: Commercialisation
Commercialisation For personal use only Sequence • Compressed Natural Gas (CNG) – proof of concept • Existing Orapa Power Station – 90MW Gas or Diesel • Proposed Power Station – 300MW Gas &/or Coal • Proposed export Existing Power Grid • 33kV close to Lesedi Project • 220kV to the east • 400kV Inter
Slide 20: Commercialisation: Proof of concept
Commercialisation For personal use only Proof of concept • Power local primary school via CNG • Kodibeleng township ~80km • Low capital cost Flow gas CNG at well site Truck CNG Power school 17
Slide 21: Independently Certified Contingent Resources (NSAI)
Independently Certified Contingent Resources (NSAI) For personal use only Resource Statement Contingent Resource OGIP(2) Unrisked Gross (100 Percent) Unrisked Net (100 Percent) Category (BCF) (BCF) (BCF) • 152 BCF (2C) Contingent Resources Low Estimate (1C) (1) 0.0 0.0 0.0 • 2,322 BCF (3C) Best Esti
Slide 22: Forward Plan
Forward Plan For personal use only MOU for Reserve Expanded Reserve Flow gas program gas supply certification upgrade • Achieve • In progress • Target • Additional • Target commercial 1H 2015 pods based 2H 2015 rates on results 19
Slide 23: Tlou Energy Limited summary
Tlou Energy Limited (ASX:TOU) For personal use only Botswana CBM focus 148m shares Market Cap: ~A$41m Cash Balance: ~A$7.6m (Sept 2014) Certified Contingent Resources (NSAI) Supportive government & low cost location Pathway to commercialisation 20
Slide 24: Thank You
For personal use only Thank You