Tmk Energy Limited · ASX:TMK
Tmk Energy — Noosa Conference 2024
21 slides from Tmk Energy's conference presentation, Nov 15, 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 NOOSA CONFERENCE PRESENTATION Dougal Ferguson Chief Executive Officer 15 November 2024 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 For personal use only TMK funded to demonstrate commerciality with six Mongolia energy short and seeking clean, domestically production wells to be online in the coming weeks sourced energy – domestic m
Slide 4: Corporate Snapshot
CORPORATE TMK Energy Limited (as of 14 November 2024) Share Price $0.002 SNAPSHOT Market Capitalisation ~$18.6m Shares on Issue (ASX:TMK) ~9,325m Goal: To build a Mongolian gas industry on the back of the Listed Options (ASX:TMKO) ~1,732m For personal use only largest discovered contingent gas resou
Slide 5: Board & Management
BOARD & MANAGEMENT For personal use only Gema Gerelsaikhan John Warburton Brett Lawrence Tim Wise Non-Executive Director Non-Executive Chairman Executive Director Non-Executive Director (Mongolia Based) • Geoscientist with 40+ years global energy experience • Experienced oil and gas executive, with
Slide 6: For personal use only
For personal use only WWW.TMKENERGY.COM.AU © TMK ENERGY LIMITED 2024 (ASX:TMK) PAGE 6
Slide 7: 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 8: Immediate Activity and Catalysts
IMMEDIATE ACTIVITY AND CATALYSTS Successfully executed 2024 drilling program 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
Slide 9: 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 10: 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 11: Lucky Fox Pilot Well Field Production
LUCKY FOX PILOT WELL FIELD PROUDCTION Continuous gas flows to surface for > 12 months Lucky Fox Pilot Production For personal use only Interference Pump Pump blockage Alternative production testing blockages and Shut-in testing and cleanout testing techniques 35.0 conducted cleanouts program LF-03 t
Slide 12: 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 13: Pilot Well Program – Phase 3
PILOT WELL PROGRAM – PHASE 2 Accelerate reservoir depressurisation to support existing pilot wells Secure relevant approvals for drilling PRODUCTION WELL LF-4 LF-5 LF-6 For personal use only TOTAL DEPTH 503m 480m 475m Pilot well program design and planning NET COAL THICKNESS ~60m ~60m ~60m DATE DRIL
Slide 14: 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 15: Domestic Supply Opportunity
DOMESTIC SUPPLY OPPORTUNITY Significant opportunity exists for TMK to cement itself 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 Particle
Slide 16: 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 17: 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 18: TMK Energy Ltd
For personal use only TMK ENERGY LTD (ASX:TMK) +61 8 6319 1900 (Australia) +976 7777 3373(Mongolia) info@tmkenergy.com.au www.tmkenergy.com.au
Slide 19: Additional Technical Information
For personal use only ADDITIONAL TECHNICAL INFORMATION PAGE 19
Slide 20: 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 21: 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