Dune Oil Corp. · CSE:DUNE
Dune Oil — Trillion Energy — Investor Presentation (January 2022)
22 slides from Dune Oil's investor presentation, January 2022
Slide 1: Ramping Up Revenues from Proven Gas Reserves in 2022
RAMPING UP REVENUES FROM PROVEN GAS RESERVES IN 2022 THROUGH 17 NEW WELLS & RECORD HIGH NATURAL GAS PRICES January, 2022 CSE: TCF Frankfurt:3P2N OTC:TCFF Trillion Energy Akçakoca Gas Production Platform, SASB Gas Field, Black Sea, Turkey
Slide 2: Disclaimers
Disclaimers Certain information in this presentation may constitute "forward-looking" information which involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Trillion Energy Inc. (“Trillion”), or industry results, to be
Slide 3: Company Highlights
COMPANY HIGHLIGHTS RAMPING UP CASH FLOW FROM OUR BLACK SEA NATURAL GAS ASSET • US$169.35 million NPV10 for near-term development commencing early 2022 • 49% (Turkish Petroleum [TPAO] 51% partner) of $608 Million SASB Gas asset offshore, Black Sea. US $355 Million value of gas produced to date from 4
Slide 4: SASB Natural Gas Field, Black Sea
SASB Natural Gas Field, Black Sea • SASB development consists of 4 production platforms and gas plant • Has produced 42 Bcf of gas to date • Additional wells planned for 100+ BCF production (gross -100%) • Independently assessed gas pools reserves as of Oct. 31, 2021(1) • Net 2P reserves: 20.2 BCF (
Slide 5: SASB Natural Gas Project Map & Photos
SASB Natural Gas Project Map & Photos Capitalizing on extensive Infrastructure Built during Phase I & II (2004 - 2012) Four Phase Development Plan– 2 Phases completed to Dogu Ayazli Platform* (1 of 4 platforms) date. Existing Phase I & II infrastructure is shown below: (Water Depth) Cayagzi Onshore
Slide 6: Capitalizing On Increasing Natural Gas Prices US$13+/MCF
Capitalizing On Increasing Natural Gas Prices US$13+/MCF & Natural Gas Sale Prices -BOTAS • Natural gas prices at an all time high @ over 11.00 $13/MCF makes for incredible project economics 10.00 • Market is dominated by imported gas with strong domestic demand and high prices 9.00 • Gas production
Slide 7: SASB Gas Field – Discovered nonproducing pools and development pools (Program A)
SASB GAS FIELD – Discovered nonproducing pools and development pools 2022 Drilling (Program A) Discovered and not produced gas pools & Development locations 4 producing gas pools 4 discovered non producing pools 6 development gas pools 5 New Gas Pools to be drilled 2022/2023 Example of discovered, b
Slide 8: Gas Pools Map – SASB Gas Field 2022 to 2023 (Drilling Program B)
GAS POOLS MAP- SASB GAS FIELD 2022 to 2023 (Drilling Program B) Discovered and not produced gas pools & Development locations 4 producing gas pools 4 discovered non producing pools 6 development gas pools Gas Pools to be drilled 2022/2023 www.trillionenergy Copyright .com Statement 88
Slide 9: SASB Projected Cash Flow & Capex for Initial Development Programs (17 Wells)
SASB PROJECTED CASH FLOW & CAPEX FOR THE 2 INITIAL DEVELOPMENT PROGRAMS (17 WELLS) PROGRAM A Trillion % Capex = $US23,640,500 to Drill 5 wells and recomplete 2 wells (total 7 wells) PROGRAM B Trillion % Capex = $US43,561,000 to Drill 8 wells and re-enter 2 wells and subsea tie-in to Akcakoca B Drill
Slide 10: SASB Development Program Has High Profitability Potential & Netbacks
SASB Development Program has High Profitability Potential & Netbacks Current gas USD prices are $13 /MCF + 12.5% Royalty US$/mcf Opex in more Detail $2.00 US$/mcf gas + Royalty of 12.5% $1.50 $1.00 $0.50 $0.00 Oct-21 Mar-23 Jul-24 Dec-25 Apr-27 Sep-28 Jan-30 Jun-31 Oct-32 Date **Opex/mcf is calculat
Slide 11: Upside for Potential NPV10% Value on SASB
Upside For Potential NPV10% Value on SASB From Future Exploration & Development Management estimate with Trillion Net NPV10% Before Taxes actual RF and unrisked development and $US 977 MM exploration prospects Trillion 49% = Management 1000 estimate with 3rd Party Engineering actual RF 900 reports $
Slide 12: Funding for Drilling Programs from Equity, Debt, and Internal Cash-Flow
Funding for Drilling Programs will come from a Combination of Brokered Equity Financing, Debt, and Internal Cash-Flow from Production CAPEX • On December 17, 2021 shareholders voted to redomicile the Source for 17 wells to Canada to facilitate a brokered financing for US$15m +/- • Partial debt finan
Slide 13: Upside on SASB = Exploration stratigraphic traps in lower sands
Upside on SASB = Exploration stratigraphic traps in lower sands ANOMALY IN Additional 13 low risk LOWER SANDS prospects provide significant upside to existing 17 Well program and which are not included in projections Producing gas pools These prospects are all proximate to the platforms and infrastr
Slide 14: Multi TCF Exploration Upside Proximate to Our Existing SASB Block
Multi TCF Exploration Upside Proximate to Our Existing SASB Block Tuna-1 & Amasra-1 19 TCF Discovery Company Plans to apply for exploration licenses Turkey's for surrounding area to Erdogan our block after hails huge production commences natural gas in 2022 on our existing reserves to explore in fin
Slide 15: Exploration Upside - Seismic Coverage Shows Upside in Surrounding Blocks
Exploration Upside -Seismic Coverage Shows Exploration Upside in Available Surrounding Blocks Trillion has almost 20 years of data and experience in this area as had at one time blocks outlined in red Large anomalies identified by seismic proximate to the SASB Block SASB Block Copyright Statement 15
Slide 16: Summary & Corporate Snapshot
Summary & Corporate Snapshot • 17 wells planned where production starts almost immediately with wells upon spudding, producing 4 MMcf/d to 7 MMcf/d • Near term profitability from 17 well development cycle starting in 2022 concluding in 2024 • Shares significantly undervalued relative to 3rd Party NP
Slide 17: Directors & Management Team
Directors & Management Team Dr. Arthur Halleran David Thompson President, CEO & Director CFO & Director Dr. Halleran has served as a director of the Company since October 4, 2011. He has a Mr. Thompson has thirty (30) years of financial experience in the oil and gas industry. He Ph.D. in Geology fro
Slide 18: Contact
Contact CEO Arthur Halleran email: arth@trillionenergy.com Cell: 1-250-996-4211 General Inquiries info@trillionenergy.com Head Office (Canada) Operations (Turkey) Suite 700 Turan Gunes Bulvari, Park Oran Ofis Plaza, 838 West Hasting Street 180-y, Daire:54, Kat:16, 06450, Vancouver, BC V6C 0A6 Oran,
Slide 19: Notes To Disclosure of Reserves and Resources
Notes To Disclosure of Reserves and Resources: Statements made herein regarding Reserves, Prospective Resources, Net Present Value (NPV), Discovered petroleum initially-in-place, UPIIP, DPIIP for the SASB Project were derived from the (draft) report titled “RESOURCES ASSESSMENT AND EVALUATION OF SOU
Slide 20: Appendix: Jackup Drilling Rig and Production Platform
Appendix Jackup Drilling Rig Production Platform Diagram Illustrating How the Wells Will be Drilled from existing offshore platforms, but placing jack up rig over the platform, and drilling directionally. This allows wells to be connected to existing platforms, and to produce immediately Copyright S
Slide 21: Stratigraphic Section
Production Bayhanli #2 Well illustrates directional drilling Platform method utilized for production wells Seismic Lines Diagram illustrates how the wells will be directionally as Stratigraphic Section Yellow Drill Pipe is our engineered by directional drill wellbore Schlumberger and drilled from ex
Slide 22: Bayhanli Log
BAYHANLI Log from well illustrating gas sands and tested zone Discovered, but never produced No mystery – wells previously drilled, tested and mapped, just not produced Only these included in GLJ reserve report Tested 7.2 MMcf/d
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