Top End Energy Limited · ASX:TEE
Top End Energy — Investor Presentation (September 2024)
28 slides from Top End Energy's investor presentation, Sep 3, 2024
Slide 1: Leading Australia into a Low-Carbon Energy Future
LEADING AUSTRALIA INTO A LOW-CARBON ENERGY FUTURE UNLOCKING KEY OPPORTUNITIES IN THE NORTHERN TERRITORY PORTFOLIO SEPTEMBER 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is for the sole purpose of preliminary background information to enable recipients to review the business activities of Top End Energy Limited (Australian Company Number 650 478 774) (the Company). This presentation is not a prospectus and does not constitute an invitati
Slide 3: Investment Highlights
INVESTMENT NEAR TERM ACTIVITIES SET TO MATURE HIGH UPSIDE EXPLORATION HIGHLIGHTS POTENTIAL IN KEY ONSHORE BASINS 1. MULTIPLE INDEPENDENT ONSHORE BASIN POSITIONS GRANTED ACREAGE STRATEGICALLY LOCATED IN PROVEN YET UNDEREXPLORED AREAS 2. NATURAL GAS, HELIUM AND HYDROGEN FOCUS TARGETING MULTIPLE END PR
Slide 4: Active Exploration and Development Focus on Multiple, Complementary Energy Resources
ACTIVE EXPLORATION AND 1 DEVELOPMENT FOCUS ON 2 MULTIPLE, COMPLEMENTARY 3 4 ENERGY RESOURCES UNLOCKING CRITICAL 1. MCARTHUR BASIN One of Australia’s most active gas exploration regions PRODUCTS TO DRIVE containing the Beetaloo sub-basin 2. SOUTH NICHOLSON BASIN THE ENERGY TRANSITION Underexplored na
Slide 5: Acquisition of Granted NT Permits
ACQUISITION OF GRANTED NT PERMITS (1) FEBRUARY 2024 TWO PROVEN BASINS WITH MULTIPLE PLAY POTENTIAL Consistent with strategic and technical focus on basin margin play opportunities targeting natural Hydrogen and Helium with complimentary hydrocarbon potential Granted permits with key native title
Slide 6: Grant of EP 258 a Landmark Achievement
GRANT OF EP 258 A LANDMARK ACHIEVEMENT (1) JUNE 2024 ENABLES COMMENCEMENT OF PRE-PLANNED EXPLORATION PROGRAM “ Natural gas is the way of the future and the Beetaloo Sub-basin holds some of the world’s largest reserves of the highly sought after energy source. We are pleased to welcome Top End Energy
Slide 7: Diversified Portfolio of Granted Acreage
DIVERSIFIED PORTFOLIO OF GRANTED ACREAGE MULTIPLE NEAR-TERM, TECHNICALLY INDEPENDENT DRILLING PROSPECTS A B C NORTHERN BEETALOO BASIN FLANK PLAY FRONTIER NORTHERN FRONTIER SOUTH BEETALOO BASIN SOUTHERN B NICHOLSON FLANK PLAY BEETALOO BASIN BASIN PLAY MARGIN PLAY • Significant unconventional • Walton
Slide 8: Frontier South Nicholson Basin Play
A FRONTIER SOUTH NICHOLSON BASIN PLAY SIGNIFICANT GAS PROSPECTIVITY IN PROXIMITY TO PIPELINE INFRASTRUCTURE • Underexplored permit in proven hydrocarbon basin with potential ties to the Proterozoic shale plays of the Lawn Hill Platform and the Beetaloo Sub-basin Velkerri • Santos is the only other p
Slide 9: Frontier South Nicholson Basin Play: Large Gas Play Fairway
A FRONTIER SOUTH NICHOLSON BASIN PLAY LARGE GAS PLAY FAIRWAY IDENTIFIED WITH MULTIPLE SOURCE ROCK POTENTIAL • Undrilled sub-basin of South Nicholson with both conventional and unconventional gas potential in proximity to the Northern Gas Pipeline: • “Alexandria Sub-basin”: ~2,300km² (~580,000 acres)
Slide 10: Alexandria Sub-basin Proterozoic Unconventional Play
A FRONTIER SOUTH NICHOLSON BASIN PLAY ALEXANDRIA SUB-BASIN PROTEROZOIC UNCONVENTIONAL PLAY Alexandria sub-basin unconventional play indicated by presence of key play elements NDI Carrara-1 (2)(3) identified in recent NDI Carrara-1 stratigraphic well (TD 1,751m): • High TOC Proterozoic source rocks
Slide 11: Proven Source Rocks Deposited >200km
A FRONTIER SOUTH NICHOLSON BASIN PLAY PROVEN SOURCE ROCKS DEPOSITED >200KM B A A NDI Carrara 1 EP 144 5.5 wt% TOC (2) (Egilabria 2) (3) (Egilabria 2) Up to 6.4 wt% TOC (Egilabria 2) 3.2 wt% TOC (2) and 7.1 wt% TOC (Egilabria 4) (3) B Deeper gas shows in Riversleigh Fm and up to 11.3 wt% TOC (Eligabr
Slide 12: Helium and Hydrogen Potential Also Indicated Across the Basin
A FRONTIER SOUTH NICHOLSON BASIN PLAY HELIUM AND HYDROGEN POTENTIAL ALSO INDICATED ACROSS THE BASIN Seismic line indicates Hydrogen seepage pathways • Hydrogen of up to 27 mol% (air-corrected) sampled in Carrara-1 stratigraphic well (1) Carrara-1 H2 content up to • Potential Hydrogen gas seepage pat
Slide 13: Potential Size of the Prize and Next Steps
A FRONTIER SOUTH NICHOLSON BASIN PLAY POTENTIAL SIZE OF THE PRIZE AND NEXT STEPS IDENTIFIED GAS PLAY FAIRWAY WORK PROGRAM • Alexandria Sub-basin: ▪ Analysis of existing regional drilling, seismic and geophysical data • ~580,000 acres (~2,300km²) potential play fairway • Refine geological model • ~27
Slide 14: Northern Beetaloo Basin Flank Play
B NORTHERN BEETALOO BASIN FLANK PLAY MULTIPLE PLAY POTENTIAL ON NORTHERN FLANK OF BEETALOO SUB-BASIN 1 NATURAL HYDROGEN AND HELIUM PROSPECTIVITY • Urapanga and Bauhinia North Cratons extend over majority of EP 153 and 154 • Basement terrain conducive to the generation of Hydrogen and Helium • Hot sp
Slide 15: EP 153 Emerging Shallow Helium Play
B NORTHERN BEETALOO BASIN FLANK PLAY EP 153 EMERGING SHALLOW HELIUM PLAY • Gravity Low indicates the presence of a shallow Felsic Intrusive: Granites granite body identified by Geognostics (1) • Granites typically contain higher concentrations of uranium and thorium compared to other rock types. As
Slide 16: Underexplored Natural Gas and Tight-Oil Potential
B NORTHERN BEETALOO BASIN FLANK PLAY UNDEREXPLORED NATURAL GAS AND TIGHT-OIL POTENTIAL • Underexplored extension of Beetaloo unconventional oil-wet gas play immediately North of the sub-basin within the Southern portion of EP 153 • Play concept: off-structure Velkerri shale oil / wet gas potential:
Slide 17: H2 2024 Geophysical Work Program to Mature Prospectivity
B NORTHERN BEETALOO BASIN FLANK PLAY H2 2024 GEOPHYSICAL WORK PROGRAM TO MATURE PROSPECTIVITY AIRBORNE GRAVITY GRADIOMETRY (AGG) SURVEY • AGG survey to be acquired to create a new gravity model for key focus area over EP 153 and advance understanding of basin architecture and structural lineaments o
Slide 18: Frontier Southern Beetaloo Basin Margin Play
C FRONTIER SOUTHERN BEETALOO BASIN MARGIN PLAY MULTIPLE PLAY POTENTIAL ON RECENTLY GRANTED ACREAGE (EP 258) • Potential wet gas window on shallower basin margin around the Beetaloo Sub-basin • Pursuing confirmation of the extension of Velkerri shale formation, primary target for the Beetaloo Sub-bas
Slide 19: Low-Cost Work Program to Mature Multiple Play Potential
C FRONTIER SOUTHERN BEETALOO BASIN MARGIN PLAY LOW-COST WORK PROGRAM TO MATURE MULTIPLE PLAY POTENTIAL Completion of an airborne gravity gradiometry survey commissioned to aid structural interpretation and optimise acquisition parameters and location of seismic survey, to commence H2 2024 2D Planned
Slide 20: Strong Bipartisan Support for Natural Gas
STRONG BIPARTISAN SUPPORT FOR NATURAL GAS CRITICAL TO THE NATIONAL ENERGY MIX AND AUSTRALIAN ECONOMY Federal Government Policy Support Focus on transitioning to renewable Emphasis on natural gas for energy energy while also supporting natural gas security and economic stability, “ “ projects expande
Slide 21: Appendix
APPENDIX
Slide 22: Portfolio Snapshot
PORTFOLIO SNAPSHOT CONCENTRATING CAPITAL TO MAXIMISE VALUE CREATION POTENTIAL 1 McArthur Priority Focus EP 153 / EP 154 (NT) • AGG acquisition contractor engagement and program planning underway • Soil gas sampling and 2D seismic to follow 1 1 McArthur Medium-term Focus EP 258 (NT) • Formal Minister
Slide 23: Well Funded for Near-Term Activities
WELL FUNDED FOR NEAR-TERM ACTIVITIES WITH ATTRACTIVE UPSIDE POTENTIAL TO CURRENT VALUATION Capital structure Register detail(1) Share price(1) A$0.10/share TOP 20 33% Original NT asset vendor Shares on issue(1) 87.03M 45% 55% Board and management 61% Market capitalisation (undiluted)(1) A$8.7M 6% Ot
Slide 24: Natural Gas is Critical for a Clean Energy Transition
NATURAL GAS IS CRITICAL FOR A CLEAN ENERGY TRANSITION LONG-TERM GLOBAL LIQUID NATURAL GAS (LNG) MARKET DEFECIT FORECAST AUSTRALIAN EAST COAST OUTLOOK GLOBAL LNG SUPPLY VS DEMAND FORECAST (PJ/annum)(1) (MTPA)(2) 2500 800 700 2000 NATURAL 600 GAS 500 1500 400 While the global LNG 1000 East coast deman
Slide 25: High Value Helium Gas
HIGH VALUE HELIUM GAS ESSENTIAL FOR CURRENT AND FUTURE TECHNOLOGIES FORECAST SUPPLY BY COUNTRY 2025 (%) Estimated He 8% 1% 2% US and Canada Qatar US$5 billion market Russia 26% 36% Algeria Poland enabling US$ trillions in HELIUM South Africa economic activity GAS 27% Supply concentrated to A vital r
Slide 26: Natural Hydrogen for a Clean Energy Future
NATURAL HYDROGEN FOR A CLEAN ENERGY FUTURE MAJOR EMERGING FUEL SOURCE TO SUPPORT THE ENERGY TRANSITION GLOBAL HYDROGEN DEMAND BY SECTOR (Mt)(1) H 527 Investments in Demand 31 Hydrogen could reach of >500Mtpa expected in a 102 US$280 billion by NATURAL HYDROGEN net zero emissions target 2030 scenario
Slide 27: Carrara-1 Well Data Analysis | Geoscience Australia
CARRARA-1 WELL DATA ANALYSIS | GEOSCIENCE AUSTRALIA Figure 2: Polarised transmitted light image (left) and back scattered electron image (right), highlights kerogen porosity development (ref) Figure 3 (left): Thermal maturity on bitumen reflectance data suggests two working petroleum systems are pre
Slide 28: Enquiries info@topendenergy.com.au
Enquiries info@topendenergy.com.au
Top End Energy — Investor Presentation (September 2024) on 6ix