Triangle Energy (global) Limited · ASX:TEG

Triangle Energy (global) — Good Oil Conference 2018

14 slides from Triangle Energy (global)'s conference presentation, Sep 13, 2018

  1. Slide 1: Increasing Reserves and Creating value in the Perth Basin

    13 September 2018 Good Oil Conference Increasing Reserves and Creating value in the Perth Basin

  2. Slide 2: Triangle is the only oil producer and a lead player in the Perth Basin

    TRIANGLE ENERGY (GLOBAL) LTD (ASX:TEG) Triangle is the only oil producer and a lead player in the highly prospective, under explored Perth Basin  Australian based focus for future growth in oil and gas sector  Majority interest (78.75%) in Cliff Head Oil Field with strong, predictable cash flows 

  3. Slide 3: Corporate Snapshot

    CORPORATE SNAPSHOT Capital Structure and Key Metrics Board ASX Code TEG Edward Farrell Non Executive Chairman Shares on issue1 218,115,544 Robert Towner Managing Director Unlisted options on issue 6.000M exc @ $0.06, exp 29 Mar 2019 11.155M exc @ $0.15, exp 19 Jan 2020 Darren Bromley Executive Direc

  4. Slide 4: Cliff Head Oil Field

    CLIFF HEAD OIL FIELD Building a strong presence in the Perth Basin  Triangle 78.75% interest and Operator; Royal Energy Pty Ltd 21.25%  Production with cash flow (forecast ~830 bopd)  Operator of the only onshore & offshore Infrastructure (cost $327 million) - essential for any other exploration

  5. Slide 5: Cliff Head Oil Field - Location

    CLIFF HEAD OIL FIELD - LOCATION Under-explored Perth Basin  300km north of Perth, WA  40km south of Dongara  Two x 14km pipelines CHA to ASP  Water depth of 15-20 metres  Crude trucked to BP refinery in Kwinana  12km north of Xanadu Prospect 6

  6. Slide 6: Operations Snapshot

    OPERATIONS SNAPSHOT Strong Operating Margins  Routine operating costs significantly reduced  On 17 July 2018, Triangle Energy (Operations) Pty Ltd became Registered Operator of Cliff Head  Further cost rationalisation strategies, ongoing operational efficiencies CHJV Total Forecast (100%) USD Per

  7. Slide 7: Cliff Head – Production Upside

    CLIFF HEAD – PRODUCTION UPSIDE Asset Life Extension Program  Targeting doubling production 2020 A1(a)  Static Model defines up to 29 mmbls (unrisked, best estimate) prospective OIIP in the near field exploration areas*  This represents 10.2 mmbls of prospective resource in near A1(b) field explor

  8. Slide 8: Prospective OIIP Volumes in Near Field Prospects

    PROSPECTIVE OIIP VOLUMES IN NEAR FIELD PROSPECTS Cautionary Statement The disclosure of prospective oil initially-in-place in this announcement is solely based on the Company's prospective resource estimate detailed below. It is not based on any estimate of petroleum reserves or contingent resources

  9. Slide 9: Development Program to be Executed - 2019

    DEVELOPMENT PROGRAM TO BE EXECUTED - 2019 Near Field Exploration • Identified exploration prospects • NFE West, South, SE and CH5 area with prospective OIIP Opportunities to Waterflood Management Access Additional • Redefine waterflood strategy Reserves and • Zonal isolation in existing water inject

  10. Slide 10: Xanadu-1 JV

    XANADU-1 JV Oil Discovery  30% participating interest  Operator Norwest Energy NL (ASX:NWE)  Conventional oil play, 3 zones encountered – Oil Discovery Notice lodged  Oil assays confirm Cliff Head Analogue  Ability to process oil at Triangle’s Arrowsmith processing facility  Planning commenced

  11. Slide 11: State Gas Limited

    STATE GAS LIMITED (ASX:GAS) 35.47% equity interest worth $8.6 million at 11 Sept 2018  Triangle holds largest stake in State Gas Ltd - Production Licence (PL 231)  Queensland conventional gas appraisal asset with multiple hydrocarbon bearing horizons in the Bowen Basin, Qld  Seismic data reproces

  12. Slide 12: Investment Proposition

    INVESTMENT PROPOSITION The only offshore and onshore Significantly Undervalued Compared to Peers infrastructure operating in the Perth Basin  Majority 78.75% interest and Operator of Cliff Head  Strong production rates and cash flow generation  Offshore and onshore infrastructure with capacity to

  13. Slide 13: Triangle Energy (Global) Limited

    Triangle Energy (Global) Limited (ASX:TEG) Ground Floor, 100 Havelock St West Perth Western Australia 6005 E: info@triangleenergy.com.au T: +61 8 9219 7111 W: www.triangleenergy.com.au

  14. Slide 14: Disclaimer and Forward Looking Statements

    DISCLAIMER AND FORWARD LOOKING STATEMENTS  This Presentation is provided on the basis that Triangle Energy (Global) Limited (“Triangle” or the “Company”) nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any repre

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