Slide 1: D3 Energy Limited Pre-IPO Investor Presentation
D3 Energy Limited Pre-IPO Investor Presentation May 2022 d3energy.com.au
Slide 2: Disclaimer
D3 Energy Limited This document provides summary information about D3 Energy Limited (ACN 649 276 808) (D3 Energy or the Company) current as at the date of this presentation. This document has been prepared for information purposes only The information contained in this document is of general backgr
Slide 3: Why D3 Energy?
D3 Energy Limited • Why D3 Energy? • “D3” First evidence of Helium was obtained in August 1868 when French Astronomer, Jules Jansen observed a solar eclipse through a prism, where he noticed a bright yellow spectral line emanating from the chromosphere of the sun – at the time this was thought to be
Slide 4: D3 Energy overview and ER315
D3 Energy Limited • D3 Energy was established in 2021 for the purpose of acquiring and listing on the ASX the highly prospective Henenman Exploration Right (ER315) onshore South Africa • ER315 consists of ~180,000 Ha of acreage adjacent to the Production Right held by ASX listed Renergen Limited (AS
Slide 5: Helium uses
Helium uses • Key uses of helium include: • Magnetic Resonance Imaging (MRI) • Superconductor Cooling • Welding • Lifting • Purging • Laboratory use • Car airbag activation Demand constituents for helium 20% 15% 10% 5% 0% 1 MRI Welding Other Laboratory Lifting Balloons Fiber Optics Purging leak dete
Slide 6: Global Helium supply and demand
Global Helium supply and demand • Classic case of increasing demand and diminishing supply • Demand growth since 2016 has been at 3% and is expected to continue, with demand for MRI’s, electronics, space agencies on an upward trend • Supply has been reducing with the US Bureau of Land Management (BL
Slide 7: Helium pricing
Helium pricing • There has been a significant and continued increase in helium pricing over the last 10 to 15 years • The last US Government auction in 2018 saw prices at US$280 per mcf • Some reports indicate that private helium sales have been in the vicinity of US$1000 per mcf Source: Macro View
Slide 8: D3 Energy acreage position
D3 Energy acreage position • Through its proposed acquisition of Motuoane, D3 Energy will hold a 100% interest in ER315 covering ~120k Ha • D3 Energy project is adjacent to the Renergen Production Right, which was the first Production Right of this kind to be issued in South Africa • The Motuoane te
Slide 9: Recent exploration activity
Recent exploration activity • Since initial seed round,D3 Energy has: • Identified numerous open gas emitting boreholes. These have been rehabilitated with Motuoane designed and fabricated wellheads affixed in order to conduct measurements of gas flows, pressures and gas composition • Initial focus
Slide 10: "Blower" well sampling continues to excite
“Blower” well sampling continues to excite Gas composition sampled at up to 9% Helium – consistent with results published by Renergen 6% He 6% He 6.7% He WILDSKAMP 1 WELL 9% He d3energy.com.au | 10
Slide 11: "Blower" well sampling continues to excite
“Blower” well sampling continues to excite • Nearby gold project drilled 41 boreholes – all encountered gas 6.1% He Activity on an identified ‘blower’ well Strong Helium and excellent methane d3energy.com.au | 11
Slide 12: Upcoming Program – next 6 months
Upcoming Program – next 6 months • Identify all gas emitting boreholes within ER315 and install wellheads • Geophysical logging of wells – provides information regarding source and subsurface transport of gas • Collect flow rate and pressure data • Conduct aeromag survey over initial relevant area a
Slide 13: It's not just Helium…and South Africa needs it
It’s not just Helium…and South Africa needs it • ER315 is in close proximity to the Welkom Gas Field area, and has significant prospectivity for: • deep basin biogenic gas (methane) • coal seam methane • conventional sandstone reservoirs • South Africa currently imports gas via pipeline from the Pan
Slide 14: NOVO Energy
NOVO Energy – www.novoenergy.co.za • NOVO Energy (NOVO) is an integrated energy and technology company and licensed gas trader. NOVO has a focus on: • Procurement and development of methane rich gas sources • Establishment and ownership of gas infrastructure (CNG/LNG/Pipelines) • Provision of turnke
Slide 15: Success story right next door
Success story right next door • Since its listing on ASX in June 2019, Renergen (ASX:RLT) has demonstrated the value potential for natural gas and helium projects in the region • RLT has a current market cap of ~A$440 million • Recent significant staged, conditional investment into Renergen by Ivanh
Slide 16: Acquisition Agreement – Motuoane Energy
Acquisition Agreement – Motuoane Energy • D3 Energy has entered into an Acquisition Agreement with the shareholders of Motuoane Energy Proprietary Limited (MEPL), which is the holder of ER315. A summary of the key terms of the Agreement are set out below: • D3 to acquire 100% of the shares in MEPL •
Slide 17: Environmental Review Application on ER315
Environmental Review Application on ER315 • Under the terms of ER315 granted in terms of the Mineral and Petroleum Resources Development Act, 2002, Motuoane can conduct exploration activities provided that it also holds an Environmental Authorisation granted under the National Environmental Manageme
Slide 18: Current Status and Pathway to Listing
Current Status and Pathway to Listing • Government Approval Process ✓ ER315 was the subject of an application to Regulator, Petroleum Agency SA (PASA) for a 2 year renewal out until October 2023. Formal approval of the renewal application was received on 15 March 2022. • D3 and Motuoane have submitt
Slide 19: D3 Energy team
D3 Energy team Australian Board & Management Greg Columbus Greg has over 30 years business experience in delivering large complex Oil & Gas projects. He has along the course of his career developed a reputation for strong strategic vision and has been involved in numerous M&A activities. He is curre
Slide 20: Pre-IPO Round Capital Structure
D3 Energy Limited SHARES CASH PERCENTAGE – ENTERPRISE FULLY DILUTED VALUE – FULLY DILUTED Founder 10,000,100 $10,000 14.70% Pre-IPO Shares Acquisition shares to be 24,270,000 NIL 35.68% Round issued to vendors Vendor 7,500,000 nil 11.02% Capital milestone shares (3 tranches) Structure Seed Round - $
Slide 21: Risk Factors
Risk Factors Potential investors should be aware that subscribing for shares in D3 Energy involves a number of risks. Some of the more significant risks which impact on an investment in D3 Energy are set out below. The risk factors set out below are not exhaustive • Listing Risk – there are a range
Slide 22: d3energy.com.au
d3energy.com.au Matt Worner David Casey Geoff Barnes John Clarkson +61 429 522 924 +61 419 685 739 +61 408 125 572 +61 416 251 215 matt@d3energy.com.au david@d3energy.com.au geoff.barnes@pelotoncapital.com.au john@originatecapital.com.au