Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Investor Presentation (February 2024)
17 slides from Triangle Energy (global)'s investor presentation, Feb 13, 2024
Slide 1: Investor Presentation
Click to edit Master title style Investor Presentation ASX: TEG Drilling in Perth Basin Managing Director, Conrad Todd www.triangleenergy.com.au February 2024
Slide 2: Disclaimer
2 Click to edit Master title style Disclaimer This Presentation is provided on the basis that Triangle Energy (Global) Limited Whenever possible, these ‘forward-looking statements’ are identified by words such as “expects,” (“Triangle” or the “Company”) nor its respective officers, shareholders, rel
Slide 3: Investment Highlights
3 Click to edit Master Investment title style Highlights High leverage gas and oil exploration in the North Perth Basin Triangle is pivoting from legacy assets to high value Perth Basin exploration Perth Basin Acreage: One of the last underexplored landholdings in the Geraldton 1 North Perth Basin P
Slide 4: Board & Management
4 Click Board to edit Master title style & Management Rejuvenated and highly credentialed team to progress Perth Basin exploration Board of Directors Greg Hancock Conrad Todd Michael Collins Chair Managing Director Non-executive Director Experience: +40 years Experience: +40 years Experience: +35 ye
Slide 5: Corporate Overview
5 Click to edit Master Corporate title style Overview $0.04 50.0M Shares On Issue Market Capitalisation 45.0M 1.365bn $34m $0.03 40.0M (at $0.024 per share) $0.03 35.0M 30.0M $0.02 Options Cash 25.0M 160m $5m $0.02 20.0M (at $0.025 per share, exp (at 31 Dec 2023) 15.0M 30 Jun 2025) $0.01 10.0M $0.01
Slide 6: WA Gas and Valuation
6 Click WA Gasto editMarket Master title andstyle Valuation • Gas shortage in WA Going to get worse AEMO report Aug 2023 • Domgas fields on NWS in decline LNG plants not supplying their 15% DMO • Coal Power: Muja closure 2025-2029 (854 MW) Collie in 2027 (300 MW) Bluewaters in 2029 (416 MW) • Gas pr
Slide 7: Perth Basin Drilling
7 Click PerthtoBasin edit Master title style Drilling • Triangle is Operator and 50% holder of the L7 Joint Venture. Targeting a rig slot to drill the Booth-1 well Q2 2024 • The Booth Prospect has potential of 279 Bcf gas and 2.7 MMbbl oil (Best Estimate Prospective Resources) in multiple targets (M
Slide 8: L7 & EP 437: Onshore Perth Basin, Farm out partners Strike Energy & NZOG
8 Click L7 &toEP edit437: Master title stylePerth Basin Onshore Farm out partners Strike Energy & NZOG 25% interest in L7 & EP 437 farmed out to both Strike & NZOG • Farmin parties each paid 50% of seismic costs • Farminees pay 50% of 1st deep well in L7 EP437 Huntswell Deep L7 50% 50% • Farminees p
Slide 9: L7 Gas Prospects and Resources
9 Click L7 Gasto edit Master titleand Prospects styleResources Over 5 gas prospects and leads confirmed. Gas Potential Kingia depth map Excellent potential in Kingia and High Cliff reservoirs Huntswell Deep 4 High-graded prospects for 2 drill slots in 2024 (see table) NB Mt Horner-2 updip overlies a
Slide 10: L7 Oil Prospects and Resources
10 Click L7 Oilto edit Master title Prospects andstyle Resources Oil Prospective Resource Gross 100% (MMbbl) Oil Prospective Resource Net TEG 50% (MMbbl) New review reveals significant oil potential in L7, especially with recent wells to the south proving oil Low Best High Low Best High in the Donga
Slide 11: EP 437 Oil Prospects and Resources
11 Click EP 437to edit OilMaster title style Prospects and Resources Excellent potential for oil & Oil Potential gas in EP 437 EP437 L7 Two oil prospects identified Becos prospect 2nd Well Best Estimate 5 MMbbl oil (100%) Wye Knot Potential value $20 /bbl Permo/Triassic oil target Oil Prospective Re
Slide 12: Cliff Head Carbon Capture & Storage Transition
12 Click Cliff to edit Master title style Head Carbon capture & storage transition • Triangle sale of Cliff Head oil field and facilities to Pilot for conversion to CCS is in its final stages of approval • Triangle will exit Cliff Head altogether • Pilot will pay Triangle ~$15 million in staged paym
Slide 13: Cliff Head
13 Click Cliff to edit Master title style Head Triangle remain as Operator until the CCS deal completes Cliff Head Alpha When two loads are in the tanker, it goes to a refinery in Asia Production 30,000 barrels stored in Onshore Arrowsmith facility. When full, trucked to tanker at Port of Geraldton
Slide 14: UK Offshore Licence Round Awards
14 Click to edit Master UK Offshore title style Licence Round Awards Further permits yet to be awarded West of Shetland (Athena Exploration) Central North Sea (Orcadian Energy PLC) • Awarded the Cragganmore Gas Field licence • Awarded 9 shallow gas exploration blocks • 50% TEG • 50% TEG • Contingent
Slide 15: New Ventures: Asian expansion
15 Click New toVentures edit Master title style Asian expansion Triangle Management have worked and lived in Asia for decades. Thailand Have a good understanding of the region’s geology and jurisdictions. Numerous opportunities in the region have been evaluated. Conrad Todd Malaysia & Indonesia Phil
Slide 16: Timeline
16 Click to edit Master title style Timeline Share Price Catalysts - Completed / Progressing Sale GAS Perth Basin Oil export 3D Acquisition CCS 2022 New Board route shares & Processing Farmout Application $6.7 mill (Talon) Perth Basin Cliff Head UK Round UK Licence 2023 Farmout Round App Divestment
Slide 17: Thank You
Click to edit Master title style Thank You Managing Director, Conrad Todd www.triangleenergy.com.au ASX: TEG
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