Dune Oil Corp. · CSE:DUNE
Dune Oil — Trillion Energy International — Investor Presentation (September 2022)
18 slides from Dune Oil's investor presentation, September 2022
Slide 1: Ramping Up Natural Gas Production in Europe & Turkiye
Ramping Up Natural Gas Production in Europe & Turkiye 17 New Wells & Record-High Natural Gas Prices September, 2022 CSE: TCF | Frankfurt: Z62 | OTC: TRLEF Trillion Energy Akçakoca Gas Production Platform, SASB Gas Field, Black Sea, Turkiye
Slide 2: Disclaimers
Disclaimers Since forward-looking information addresses future events and conditions, by its very nature it involves inherent known and unknown risks and uncertainties which are beyond the control of Trillion. Actual results could differ materially from those currently anticipated due to a number of
Slide 3: Notes to Disclosure of Reserves and Resources
Notes to Disclosure of Reserves and Resources Statements made herein regarding Reserves, Prospective Resources, Resources, Net Present Value (NPV), Discovered petroleum initially-in-place, UPIIP, DPIIP for the SASB Project are generally derived from the two reports prepared by GLJ Ltd, an independen
Slide 4: Company Highlights
Company Highlights Ramping up European Natural Gas Production During The Energy Crisis Key Points Excellent Economics • Large shallow water natural gas fields, Black Sea, Turkiye • <less than US$1.00/mcf OPEX +12.5% Royalty • Netbacks >USD$26/MCF @ USD$31 gas • 4 fields with reserves; plus added pro
Slide 5: Turkiye – Soaring High Nat Gas Prices
Turkiye– Soaring High Nat Gas Prices Acute Shortages & Parabolic Natural Gas Prices $20 Turkiye and Europe imports 90% of its natural gas with a large % $18 US$31 /MCF from Russia. EU Plans of reducing dependance on Russian gas is Current Gas Prices $16 exacerbating a shortage of supply. $14 Current
Slide 6: Existing SASB Gas Field Infrastructure
Existing SASB Gas Field Infrastructure Large under-utilized, gathering and processing infrastructure = Turnkey Production 4 Existing Natural Gas Production Platforms DOGU AYAZLI PLATFORM (1 OF 4 PLATFORMS) 4 42 BCF produced to date (approx. US $355m (100% interest) 5 Conventional natural gas reserve
Slide 7: SASB: Reserves, Resources & Netbacks
SASB : Reserves, Resources & Netbacks @ USD $31 Gas Price 51-101 Report: (Used USD $8 -$9.5 /mcf) –(current prices $31+) NETBACK /mcf $25.9 $6.0 Discovered non-produced conventional natural HIGH PROJECTED 51-101 Gas Price NET BACKS*** Gas Reserves USD $9 20.1 BCF* -2P gross company reserves NETBACK
Slide 8: SASB Planned Gas Well Development Program
SASB Planned 17 Gas Well Development Program 2022 – 2024 Development Program - SASB Gas Field 7 Discoveries with unproduced Reserves 10 Exploratory Drilling Locations Tested and proved discoveries planned to be drilled, completed and put into production 2022-2023 LEGEND PLATFORM DEVELOPED & PRODUCIN
Slide 9: SASB Funding Sources
SASB Funding Sources Funding Sources 17 Well Program is Fully Funded (USD): Initial drilling over 24 months is expected to have one $26M * well drilled approximately every approximately 45 days. Equity Financing completed Wells are expected to produce gas and gas sales on a $71M monthly basis upon c
Slide 10: SASB Projected Cash Flow Projections
SASB Projected Cash Flow Projections A Program (Gas Reserves) B Program (Prospect Projected Monthly Cash Flow (EBITA) Phase A & B Development) based on $9/MCF Gas (actual gas prices =$31/MCF @ Drill 5 Wells Drill 8 Wells Sept 1, 2022) Recomplete 2 Existing Wells Re-Enter 2 Existing Wells Focus on re
Slide 11: Corporate Summary
Corporate Summary CSE: TCF | Frankfurt: Z62 | OTCQB: TRLEF Natural Gas Production Project for High Projected Cash Flows for 17 Europe / Turkey Region Well Development Program 7 well drilling program commenced Gas Prices at all time highs - USD Sept 22 with first gas October 2022 $31+/MCF Helping Red
Slide 12: SASB Near Field Low Risk Exploration
SASB Near Field Low Risk Exploration 13 Additional Exploration Targets Stratigraphic Exploration Targets 13 additional exploration prospects provide significant additional upside ect osp These targets are proximate to the platforms & Mid Eskikale Discovery r Includes stratigraphic targets ic P Guluc
Slide 13: Blue Sky Exploration Proximate to SASB Block
Tuna -1 Blue Sky Exploration Proximate to SASB Block Turkiye's Erdogan Recent 19 TCF Gas Discovery in Basin hails huge natural gas Recent Tuna -1 & Amasra-1 discoveries in 2021 find are game changers showing huge gas deposits Our Plan We have 3,100 km of 2D seismic data delineating targets off block
Slide 14: Directors & Management Team
Directors & Management Team David Thompson DIRECTOR, Audit Committee Chair Mr. Thompson has 30 years of financial experience in the oil and gas industry. He Dr. Arthur Halleran PRESIDENT, CEO & DIRECTOR successfully founded an oil trading company in Bermuda, with offices in the U.S. and Europe, and
Slide 15: Contact
Contact General Inquiries info@trillionenergy.com +1 (778) 819-1585 trillionenergy.com Canada (Head Office) Suite 700 838 West Hasting Street Vancouver, BC V6C 0A6 Turkiye (Operations) Turan Gunes Bulvari, Park Oran Ofis Plaza, 180-y, Daire:54, Kat:16, 06450, Oran, Cankaya, Ankara, Turkiye Arthur Ha
Slide 16: Appendix I
Appendix I The wells will be drilled from existing offshore platforms by placing the jack-up rig over the platform and drilling directionally. This way, the wells will be connected to existing platforms, and start producing immediately. PRODUCTION JACKUP PLATFORM DRILLING RIG 16
Slide 17: Appendix II
Appendix II Bayhanli Well 2 PRODUCTION EXPLORATION WELL WELL Directional Drilling Method Utilized for Production Wells Diagram illustrates how wells will be directionally as engineered by Schlumberger and drilled LEGEND from existing offshore platforms, by placing jack up rig over the existing platf
Slide 18: Appendix III
Appendix III Bayhanli A detailed log illustrating gas sands and tested zones Wells that have been previously drilled, tested and mapped, but not produced. TESTED 7.2 MMcf/d
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