Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Investor Presentation (June 2014)
24 slides from Triangle Energy (global)'s investor presentation, June 2014
Slide 1: Corporate Presentation June 2014
Corporate Presentation June 2014
Slide 2: Important Notice
Important No,ce The informa,on in this presenta,on is in summary form and should not be relied upon as a complete and accurate representa,on of any ma9ers that a poten,al investor should consider in evalua,ng Triangle Energy (Global) Ltd. While management has taken every effort to ensure the accuracy
Slide 3: TEG & Indonesia
TEG & Indonesia Triangle Energy is a gas production and exploration company. Since rejuvenating the Pase gas fields Province, North Sumatra, in Aceh Indonesia in 2009, the Company has successfully operated the Pase Production Sharing Contract (“Pase PSC”) over the Pase fields. 3
Slide 4: Our Goal: Award of Long Term Production Sharing Contract
Our Goal THE AWARD OF A LONG TERM PRODUCTION SHARING CONTRACT OVER THE PASE FIELDS 4
Slide 5: Award of Pase PSC - Progress
Award of Pase PSC -‐ Progress • Initial Pase PSC expired Feb 2012 • Triangle awarded five 6-month operating extensions of Pase PSC • The new PSC is expected to be awarded for 30 years • Triangle and the Acehnese Government have entered into a Joint Venture to a new Pase PSC operate • The new Pase P
Slide 6: Triangle & Pase
Triangle & Pase 1. Gas production that generates revenue for Triangle 2. Established gas infrastructure 3. Proximity to strong domestic and LNG energy demand markets 4. Substantial remaining gas reserves with excellent exploration and development opportunities 6
Slide 7: Pase Production Levels
1. Pase Produc,on Levels • From early 2012 when the Pase PSC expired there has been a significant decline in production due to the ‘care and maintenance’ nature of the temporary operatorship • Upon being awarded a long term Pase PSC, Triangle has planned for immediate redevelopment work to return pr
Slide 8: Pase Infrastructure
Aah. Se Os OL te triangle energy oil gas energy
Slide 9: Strategically Located Deposit
3. S trategically L ocated D DRAFT eposit • Pase is located in North Sumatra with well established gas infrastructure and supply facilities to cater to the growing Asian energy markets as well as local gas markets • Existing under utilised infrastructure - 6 LNG trains, pipeline network and LPG frac
Slide 10: Reserves & Exploration Potential
4. Reserves & E xplora,on PDRAFT oten,al l Pase holds significant potential exploration upside as it is located in a highly prolific area l The southern part of the Pase block is located 12 km south of the Arun Gas Field. The Arun Gas field was one of the world’s largest onshore gas discoveries wi
Slide 11: TEG Financial Performance
TEG Financial Performance l Upon re-establishing production in late 2009, the Company achieved revenue of A$13.9 million in FY2010 through the sale of gas to the Arun LNG facility l Similarly in 2011, the Company continued to grow revenue as production increased and recorded a 22% increase in reve
Slide 12: TEG Cashflow
TEG Cashflow Commitment to Shareholders • Expenditure has been reduced following a review of operations corporate overheads and • Management will continue to significantly reduce corporate overheads to conserve the Company’s cash reserves while it pursues the award of a new PSC 12
Slide 13: TEG Restructured Board
TEG Restructured Board Current Directors John Towner (Executive Chairman) Steven Hamer (Non-Executive Director) Edward Farrell (Non-Executive Director) Proposed Directors Edward Farrell (Proposed Non-Executive Chairman) Robert Towner (Proposed Executive Director) Darren Bromley (Proposed Executive D
Slide 14: Triangle Energy (Global) Limited Corporate Structure
Triangle Energy (Global) Limited Corporate Structure Issued Capital Market CapitalisaGon Ordinary Shares 1,634m @0.001 cents per share $1.634m Unlisted rights 91.55m $0.01 Op,ons 27.00m ASX Code TEG Dividend Paid PSC Expired LOI covering JV signed 5th 6 6 Blocks in Morocco with Aceh Government month
Slide 15: Pase - Location
DRAFT Pase -‐ Loca,on Pase Fields 15
Slide 16: Indonesia's Gas Market
DRAFT Indonesia’s Gas Market Robust underlying gas market in Indonesia and LNG demand in Asia l With the largest popula,on in SE Asia and as the fourth most populous country in the world, Indonesia has seen total primary energy consump,on grow by over 50% between 2001 and 2010 and the strong demand
Slide 17: Pase Location
Pase Loca,on Pase working area is 922km² located adjacent to Block B operated by ExxonMobil containing the very large Arun gas field ~ 20Tcf 17
Slide 18: Pase Existing Seismic Coverage
Pase Exis,ng Seismic Coverage DRAFT Extensive 2D and 3D seismic data over Pase acquired by Mobil in 1990s Pase Pase 18
Slide 19: Pase Field Infill & Opportunities
Pase Field Infill & Opportuni,es DRAFT Opportunity 1: BP-‐2 Sidetrack-‐1 BP-‐2 3 poten)al undrained gas opportuni)es A-‐9 A-‐8 ST3 already iden)fied by preliminary technical Opportunity 2: A-‐10 studies. A-‐6 Opportunity 3: A-‐1 Sidetrack-‐1 A-‐5 A-‐1 19
Slide 20: Great White (SLS-D) Opportunity
DRAFT Great White (SLS-‐D) Opportunity • A carbonate buildup lead has been identified in the Pase portion of the SLS-D area • As of January 2011, ExxonMobil produced 430 BCF from SLS-D • Preliminary 2D seismic re- processing suggests the ExxonMobil SLS-D carbonate reservoir extends into the Pase bl
Slide 21: Local Employer of Choice
Local Employer of Choice DRAFT DRAFT 21
Slide 22: Pase Rejuvenation
Pase Rejuvena,on Fast track rejuvenation of Pase gas field carried out by experienced Triangle team 22
Slide 23: Corporate Social Responsibility (CSR)
Corporate Social Responsibility DRAFT DRAFT (CSR) Triangle’s Acehnese Community Development Program focuses on local health, educa,on and economic development. Triangle has carried out: • Maintenance on roads, bridges and local infrastructure • Provided medical supplies for local clinics and • Con,n
Slide 24: Contact Information
Contact Informa,on DRAFT DRAFT Darren Bromley Robert Towner CFO & Company Secretary Corporate Development & Strategy T +61 (0) 419 940 587 T +61 8 9286 2828 darrenbromley@triangleenergy.com.au rtowner@cornerstonecorp.com.au 24
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