Tmk Energy Limited · ASX:TMK
Tmk Energy — Investor Presentation (March 2024)
26 slides from Tmk Energy's investor presentation, Mar 25, 2024
Slide 1: Corporate Presentation March 2024
TMK ENERGY LIMITED (ASX:TMK) For personal use only Focused on the Responsible Development of Mongolia’s Significant Natural Gas Resources Corporate Presentation March 2024 Brendan Stats CEO PAGE 1
Slide 2: Legal Disclaimer
LEGAL 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 securi
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Opportunity to participate in the development of a world class coal seam gas For personal use only project in an energy hungry region and to unlock the enormous resource potential. World Class Coal Seam Gas Project. Superior attributes to Strategically located close to Chinese
Slide 4: Company Overview
For personal use only COMPANY OVERVIEW PAGE 4
Slide 5: Highlights: Gurvantes XXXV Natural Gas Project
HIGHLIGHTS: GURVANTES XXXV NATURAL GAS PROJECT Mongolia For personal use only South Gobi Basin, LOCATION Mongolia PSC Exploration License TENURE China 8,400km2 TMK INTEREST 100% DEVELOPMENT STAGE Exploration and Evaluation High local demand for energy in South Gobi MARKETS <300km from the existing g
Slide 6: Corporate Snapshot
CORPORATE TMK Energy Limited (post latest Placement) Share Price (18 March 2024) $0.004 SNAPSHOT Market Capitalisation Shares on Issue (ASX:TMK) $27.0m 6,755.6m TMK Energy (ASX:TMK) is focused on the responsible development of Listed Options (ASX:TMKOB) 808.05m For personal use only the Gurvantes XX
Slide 7: March Equity Capital Raising
MARCH EQUITY CAPITAL RAISING Providing Shareholders an Opportunity to Participate For personal use only Raising up to A$4.0 million through a Placement ($2.5 million pre costs) and a Share Purchase Plan (“SPP”) to raise an additional $1.5 million on Equity Raise the same terms as the Placement Bindi
Slide 8: 2024 Newsflow Catalyst
2024 NEWSFLOW CATALYST A clear pathway from exploration to pilot production at Gurvantes XXXV with several near-term milestones STRATEGIC Q2 Q3 Q4 For personal use only Q1 FOCUS JAN | FEB | MAR APR | MAY | JUN JUL | AUG | SEP OCT | NOV | DEC 2024 Independent Technical Review STRATEGIC GOALS • Demons
Slide 9: Board & Management
BOARD & MANAGEMENT Dougal Ferguson Tsetsen Zantav Curtis Church Brendan Stats For personal use only Chief Commercial Officer & Strategic Advisor to the Operations Manger Chief Executive Officer Board (Mongolia Based) Company Secretary (Mongolia Based) • Geologist with over fifteen years of • Experie
Slide 10: Operational Status
For personal use only OPERATIONAL STATUS PAGE 10
Slide 11: Significant Milestones & Achievements
SIGNIFICANT MILESTONES & ACHIEVEMENTS Project has been materially de-risked following a staged approach to exploration, drilling & commercialisation For personal use only US$6m farmout Gurvantes Thick, gassy agreement Project coal Seven well with Talon acquired intercepted drilling INDPENDENT Energy
Slide 12: Pilot Well Program
PILOT WELL PROGRAM Performing in line with expectations PHASE 1 PHASE 2 De-pressurising Reservoir For personal use only Initial wells in production Drill an additional two to Allows the gas to flow, significant for approximately 6 three pilot wells progress, >50% to target pressure. months Good Proj
Slide 13: Pilot Well Program – Phase 1
PILOT WELL PROGRAM – PHASE 1 All three pilot wells drilled on time and under budget PRODUCTION WELL LF-1 LF-2 LF-3 For personal use only 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 P
Slide 14: Coal Seam Field Comparison
COAL SEAM FIELD COMPARISON Gurvantes XXXV is a potentially world class coal seam gas Project, comparing favourably to existing world-leading CSG basins COAL QUALITY AND RANK For personal use only GENERAL ASSESSMENT OF CSG PROJECT PARAMETERS & OGIP RESOURCE DENSITY LOW QUALITY HIGH QUALITY 120m SUB-
Slide 15: Exploration Drilling Results
EXPLORATION DRILLING RESULTS All seven maiden exploration wells show significant CSG potential with 100% drilling success rate COAL RANK QUALITY High Quality Bituminous ✓ Ideal rank and quality for CSG project For personal use only Very thick coal (thicker than any major developed COAL THICKNESS 60m
Slide 16: Maiden Contingent Resource
MAIDEN CONTINGENT RESOURCE Maiden Resource of 1.2 TCF (2C) is the largest Contingent Natural Gas Resource in Mongolia NARIIN SUKHAIT REGION UNRISKED GROSS CONTINGENT GAS Largest CSG Contingent (2C) Resource in Mongolia of For personal use only RESOURCE (BCF)* 3C (High) 1.2 TCF Total Resource deliver
Slide 17: Gas and Energy Markets
For personal use only GAS AND ENERGY MARKETS PAGE 17
Slide 18: Domestic Supply Opportunity
DOMESTIC SUPPLY OPPORTUNITY Significant opportunity exists for TMK to cement themselves as a key supplier of gas and energy to Mongolia For personal use only The capital of Mongolia, Ulaanbaatar, is heavily polluted and in 2022, Mongolia had an average Particle Matter (PM) of 2.5 concentration - SOU
Slide 19: China Supply Opportunity
CHINA SUPPLY OPPORTUNITY China is the largest energy user globally with significant gas infrastructure in close proximity to Gurvantes XXXV For personal use only Chinese Energy Market Neighbouring Oil & Gas Developing Relationships in Chinese 2020 gas demand estimated to Infrastructure China double
Slide 20: Operating in Mongolia
OPERATING IN MONGOLIA A proven & growing mining jurisdiction with under-explored terrains Low Labour Costs China’s Strategy For personal use only Mongolia has a relatively low labour Mongolia is critical to China’s Belt & cost compared to other countries, Road Initiative, connecting Asia with making
Slide 21: Appendix – Key Investment Risks
For personal use only APPENDIX – KEY INVESTMENT RISKS PAGE 21
Slide 22: Key Investment Risks
KEY INVESTMENT RISKS The new shares offered under the Placement and Share Purchase Plan should be considered speculative because of the nature of the Company’s For personal use only business. There are numerous risk factors involved with the Company’s business. Some of these risks can be mitigated b
Slide 23: Key Investment Risks - continued
KEY INVESTMENT RISKS - continued General, Industry and Company Specific Risks For personal use only Gas Markets Risk TMK’s possible future revenues are expected to be derived from domestic and/or export gas sales. The profitability of TMK’s gas business will be determined by the future market for do
Slide 24: Key Investment Risks - continued
KEY INVESTMENT RISKS - continued General, Industry and Company Specific Risks For personal use only Insurance risk The Company intends to insure its operations in accordance with industry practice. However, in certain circumstances, the Company’s insurance may not be of a nature or level to provide
Slide 25: Foreign Selling Restrictions
FOREIGN SELLING RESTRICTIONS This Presentation does not constitute an offer of New Securities of the Company in any jurisdiction in which it would be unlawful. In particular, this Presentation may not be distributed to any person, and the New Securities may not be offered or sold, in any country out
Slide 26: Thank You
For personal use only THANK YOU +61 8 6319 1900 (Australia) +976 8810 7575 (Mongolia) info@tmkenergy.com.au www.tmkenergy.com.au