Tmk Energy Limited · ASX:TMK
Tmk Energy — Shareholder Meeting (May 2023)
18 slides from Tmk Energy's shareholder meeting presentation, May 31, 2023
Slide 1: TMK Energy Limited Investor Presentation
MAY 2023 TMK ENERGY LIMITED ASX:TMK Focused on the Responsible Development of Mongolia’s Significant Natural Gas Resources Investor Presentation
Slide 2: Disclaimer
Disclaimer 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 offer of securities f
Slide 3: Investment Highlights
Investment Highlights TMK ENERGY SNAPSHOT Largest Contingent CSG Resource in Mongolia of Clear pathway to commercialisation with farm-in 1,214 BCF (2C) with 100% success rate on maiden partner secured, de-risking funding through key drilling campaign comprising seven exploration value add stages wel
Slide 4: Corporate Snapshot
Corporate Snapshot TMK Energy Limited Strongly aligned Board & Management, with significant Share Price (31 May 2023) $0.015 Mongolian ownership on the TMK register Market Capitalisation $75.3m Shares on Issue (ASX:TMK) 5,025.1 m • TMK Energy (ASX:TMK) is focused on the responsible development of th
Slide 5: Management Team & Board of Directors
Management Team & Board of Directors With a track record of developing Mongolian projects and extensive capital market and energy experience Dougal Ferguson Tsetsen Zantav Ganzorig Vanchig Brendan Stats Chief Commercial Officer & Strategic Advisor to the Chief Operating Officer Chief Executive Offic
Slide 6: Highlights: Gurvantes XXXV CSG Project
Highlights: Gurvantes XXXV CSG Project LOCATION South Gobi Basin, Mongolia Tenure PSC Exploration License Mongolia TMK Interest 67% Tenement size 8,400km2 China Development stage Exploration and Evaluation <300km from existing gas pipeline Infrastructure network in northern China Chinese border <20
Slide 7: Significant Milestones & Achievements
Significant Milestones & Achievements Project has been materially de-risked following a staged approach to exploration, drilling & commercialization US$6m farmout Petrochina aligns Maiden agreement with Gurvantes Thick, gassy coal with TMK Energy contingent Talon Energy Project acquired intercepted
Slide 8: Drilling Results
Drilling Results All seven maiden exploration wells show significant CSG prospectivity with 100% success rate COAL RANK QUALITY High Quality Bituminous Ideal rank and quality for CSG project Very thick coal (thicker than any major COAL THICKNESS 60m 91m 60m 175m 40m 40m 59m developed CSG Project
Slide 9: Maiden Contingent Resource
Maiden Contingent Resource Maiden Resource of 1.2 TCF (2C) is the largest Contingent Natural Gas Resource in Mongolia Maiden resource highlights Nariin Sukhait Region Unrisked Gross Contingent Gas Resource (Bcf) Largest CSG Contingent Resource in Mongolia of 1.2 TCF (2C) Total 1,944 BCF Resource del
Slide 10: 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 COAL COMPARISON GENERAL ASSESSMENT OF CSG PROJECT PARAMETERS & OGIP RESOURCE DENSITY LOW QUALITY HIGH QUALITY 120m LIGNITE SUBBITUMINOUS BITUMINOUS
Slide 11: 2023 Newsflow Catalysts
2023 Newsflow Catalysts Clear pathway from exploration to pilot production at Gurvantes XXXV with several near-term milestones CY23 STRATEGIC FOCUS ACTIVITY Q1 Q2 Q3 Q4 2023 PILOT WELL PROGRAM Environmental & Regulatory Approvals a) Flow gas to surface Pilot Well Program - Drilling b) Confirm produc
Slide 12: Pilot Well Program
Pilot Well Program All three pilot wells drilled on time and under budget PRODUCTION WELL LF-1 LF-2 LF-3 TOTAL DEPTH 375m 407m 515m NET COAL THICKNESS 61m 62m 68m DATE DRILLED April 2023 May 2023 May 2023 PRODUCTION INTERVAL DEPTH 184m – 314m 245m – 393m 316m – 470m PILOT WELL STATUS Results • Drill
Slide 13: 2023 Exploration Program
2023 Exploration Program Strategy 2022 and 2023 Exploration Program Location • Low risk exploration delivering high value outcomes • Advance Project evaluation Exploration Work Program • 8 exploration wells • 50 km 2d seismic • Option to expand program Nariin Sukhait Field Ekhen-Us Field Objectives
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 The capital of Mongolia, Ulaanbaatar, is heavily polluted and in South Gobi province energy infrastructure 2022, Mongolia had an average Particle Matter (PM) of 2.5
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 Chinese Energy Market Neighbouring Oil & Gas Developing Relationships in Chinese 2020 gas demand estimated to Infrastructure China double by 2040* Gurvantes XXX
Slide 16: Operating In Mongolia
Operating In Mongolia A proven & growing mining jurisdiction with under-explored terrains Jurisdiction overview Ulaanbaatar Strong Mining Jurisdiction Mining sector leading 90% of exports and the country’s largest employer Stable Political Environment Democratic government that is supportive of fore
Slide 17: Current Development Framework
Current Development Framework Established relationships, legal framework, and funding solutions to drive commercialisation Farmout Talon Energy Limited (ASX:TPD) Agreement ASX:TMK Farmout agreement with Talon Energy Limited (ASX:TPD) to earn a Overview 33% working interest (US$4.65m spend + US$1.35m
Slide 18: Contact
Contact Brendan Stats CEO E: info@tmkenergy.com.au T: +61 8 6319 1900