Tmk Energy Limited · ASX:TMK
Tmk Energy — Investor Presentation (July 2024)
20 slides from Tmk Energy's investor presentation, Jul 25, 2024
Slide 1: Accelerating Development of Mongolia's Largest Natural Gas Resource
TMK ENERGY LIMITED (ASX:TMK) For personal use only Accelerating Development of Mongolia’s Largest Natural Gas Resource Investor Presentation July 2024 Dougal Ferguson Chief Executive (Interim) 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. This document is not an offer of securities for subscr
Slide 3: Investment Opportunity
INVESTMENT OPPORTUNITY Low risk, low cost, world-class natural gas resource in energy hungry Asia World class discovered Coal Seam Gas resource with Mongolia energy short and seeking clean, For personal use only superior technical attributes to existing developed domestically sourced energy – domest
Slide 4: Corporate Snapshot
CORPORATE TMK Energy Limited (as of 24 July 2024) Share Price $0.004 SNAPSHOT Market Capitalisation ~$28m Shares on Issue (ASX:TMK) ~6,922m Goal: To build a Mongolian gas industry on the back of the Listed Options (ASX:TMKO) ~853m For personal use only largest discovered contingent gas resource in t
Slide 5: Board & Management
BOARD & MANAGEMENT Dougal Ferguson Tsetsen Zantav Brett Lawrence Brendan Stats For personal use only Chief Executive Officer Strategic Advisor to the Executive Director Exploration Manager (Interim) Board (Mongolia Based) • Experienced energy executive with • 17 years of diverse experience in the en
Slide 6: Overview: Gurvantes XXXV Natural Gas Project
OVERVIEW: GURVANTES XXXV NATURAL GAS PROJECT For personal use only Location South Gobi Basin, Mongolia Production Sharing Contract (PSC) / Description Exploration License Size ~8,400km2 TMK Interest 100% Status Exploration and Appraisal - High local demand for energy in South Gobi - Growing domestic
Slide 7: Immediate Activity and Catalysts
IMMEDIATE ACTIVITY AND CATALYSTS Imminent near-term drilling activity targeting high value outcomes leading to significant increase in activity in 2025 and beyond For personal use only STRATEGIC FOCUS 2024 H2 2025 JUL | AUG | SEP OCT | NOV | DEC JAN | FEB | MAR APR | MAY | JUN JUL | AUG | SEP OCT |
Slide 8: Coal Seam Field Comparison
COAL SEAM FIELD COMPARISON Gurvantes XXXV represents a 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- LIGN
Slide 9: 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 Largest CSG Contingent (2C) Resource in Mongolia of UNRISKED GROSS CONTINGENT GAS For personal use only 1.2 TCF RESOURCE (BCF)* 3C (High) Resource delivered in
Slide 10: Pathway to Gas Project
2023 2024 2025 PATHWAY TO GAS PROJECT PILOT WELL PRODUCTION PILOT WELL DEVELOPMENT PROGRAM PHASE 1 PROGRAM PHASE 2 PLAN For personal use only Depressurising reservoir Initial pilot production Reach critical desorption Drill additional step-out wells drilled successfully pressure quicker to productio
Slide 11: Pilot Well Program – Phase 2
PILOT WELL PROGRAM – PHASE 2 Accelerate reservoir depressurisation to support existing pilot wells PRODUCTION WELL LF-04 LF-05 LF-06 Secure relevant approvals for drilling For personal use only ESTIMATED TOTAL 500m 480m 410m DEPTH Pilot well program design and planning ESTIMATED DRILL August 2024 Se
Slide 12: Conceptual Field Development (2025-2026)
CONCEPTUAL FIELD DEVELOPMENT (2025-2026) Indicative staged approach to field development to grow reserves and production Stage 1 (2025) For personal use only • 10 production wells spaced 500 metres apart accessing ~40 BCF • Average capital cost of US$500,000 per well • Indicative rates averaging bet
Slide 13: Domestic Supply Opportunity
DOMESTIC SUPPLY OPPORTUNITY Significant opportunity exists for TMK to cement themselves as a key supplier of gas and energy to Mongolia SOUTH GOBI PROVINCE ENERGY INFRASTRUCTURE For personal use only The capital of Mongolia, Ulaanbaatar, is heavily polluted and in 2022, Mongolia had an average Parti
Slide 14: 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 15: 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 16: For personal use only
For personal use only +61 8 6319 1900 (Australia) +976 8810 7575 (Mongolia) info@tmkenergy.com.au www.tmkenergy.com.au TMK ENERGY LIMITED (ASX:TMK)
Slide 17: Technical Information
For personal use only TECHNICAL INFORMATION PAGE 17
Slide 18: Exploration Drilling Results (Completed 2022)
EXPLORATION DRILLING RESULTS (Completed 2022) 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 For personal use only Very thick coal (thicker than any major developed COAL T
Slide 19: Pilot Well Program – Phase 1 (Completed 2023)
PILOT WELL PROGRAM – Phase 1 (Completed 2023) 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 – 3
Slide 20: Significant Milestones
SIGNIFICANT MILESTONES Project has been materially de-risked to date through targeted exploration and appraisal activity For personal use only US$6m farmout Gurvantes Thick, gassy agreement Project coal Seven well with Talon acquired intercepted drilling INDPENDENT Energy by TMK in drill program PIL