Tetragon Energy Limited · ASX:TET
Tetragon Energy — IPO Roadshow (July 2026)
21 slides from Tetragon Energy's IPO roadshow presentation, Jul 9, 2026
Slide 1: Tetragon Energy Initial Public Offer
For personal use only Tetragon Energy Initial Public Offer July 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Tetragon Energy Limited ACN 684 303 660 Such forward-looking statements are not guarantees of future performance and involve ("Tetragon" or the "Company"). The information contained in this presentation is for known and unknown risks, uncertainties a
Slide 3: Tetragon IPO: Philippines Cornerstone Asset
Tetragon IPO: Philippines: (100%) Cornerstone Asset Triangle Ltd (ASX: TEG) has spun out its Philippines assets into a new company, Tetragon Ltd (ASX: TET) to expose For personal use only shareholders to greater upside in a SE Asian focused exploration and development company. • Triangle seeded $1.5
Slide 4: Investment Highlights
Investment Highlights Exciting and valuable Southeast Asian exploration and development acreage For personal use only June 2026 $8m $5.5m $2.5m $0.01/Bcf Listing scheduled Market Cap Cash Low Enterprise Value EV / 2C Bcf net resources • Bid Round Award / Ground Floor Entry – no promotes payable PHIL
Slide 5: Proven SE Asian Operators
Proven SE Asian Operators Board & Management of Tetragon Energy (ASX: TET) For personal use only GREG HANCOCK CONRAD TODD MIKE COLLINS Non-Exec Chairman Managing Director Non-Exec Director • • • • • • • • • • MARVIN CHAN SAM ALGAR CFO COO / Subsurface • • • • • • • 05
Slide 6: The Philippines Energy Tailwind
The Philippines Energy Tailwind Philippines is dependent on imported LNG to fill the Malampaya gap. Middle East tensions have elevated the need for sovereign energy capability = strategic asset for the region. For personal use only SOVEREIGN PRIORITY A$18/MCF DOMESTIC NATURAL STRATEGIC GAS AT LNG NE
Slide 7: Philippines Offshore: SC-80 & SC-81
Philippines Offshore: 3D PSDM SEISMIC REPROCESSING → PROSPECT REFINEMENT → SC-80 & SC-81 FARMOUT TO FUND DRILLING For personal use only TETRAGON 37.5% and Operator Tetragon PROVEN PETROLEUM CIRCUM-BORNEO FAIRWAY — Permits SYSTEM SAME GEOLOGY, ALMOST SC-80 ZERO EXPLORATION SC-81 • ~470 Bcf gas + 5 MM
Slide 8: Philippines: SC-80 3D seismic
Philippines: SC-80 3D seismic For personal use only BABENDIL DABAKAN TYPICAL OF MULTI-TCF PLAYS • Existing discoveries 470 Billion PALENDAG cu ft gas (Bcf) in thrust trend, like many circum-Borneo fields • Look-alike prospects identified • Major turbidite fan reservoirs in Halcon basin floor form gi
Slide 9: Philippines: SC-80 Halcon Prospect
Philippines: SC-80 Halcon Prospect 3-6 Tcf For personal use only • Halcon Large Structural Stratigraphic trap 2.7 Tcf gas Mid Case (2026 Sproule ITSR) • Recent look-alike discoveries in Indonesia and Mozambique indicate potential for higher resources • Known Play: Basin floor fan defined on 3D seism
Slide 10: Philippines: SC-81 Aardvark Prospect
Philippines: SC-81 Aardvark Prospect • Adjacent permit SC-81 contains many sand fan and For personal use only channel targets • Multiple prospects and leads which are proven in adjacent basins • Aardvark prospect example • Bright amplitudes = gas target • Many more targets Aardvark 10
Slide 11: Philippines: SC-82 Onshore
Philippines: SC-82 Onshore For personal use only TETRAGON 100% and Operator Low risk gas target 250km from Manila Nassiping-2 gas discovery PHILIPPINES NEEDS POWER • Located onshore Luzon, 250km from Manila (110m+ population, structural power deficit) • San Antonio gas field nearby produced gas for
Slide 12: The Philippines Needs Power
The Philippines Needs Power RECENT GAS DISCOVERIES MADE BY PRIME ENERGY1 For personal use only Energy independence is now an economic and political priority for the Philippines. Tetragon 90 BCF 250 BCF early entry into a national strategic resource. Malampaya East 1 rec gas Carmargo-3 rec gas PHILIP
Slide 13: Tetragon Energy Activity & Share Price Catalysts
Tetragon Energy Activity & Share Price Catalysts Expected ASX listing late June 2026 For personal use only Fast-Track Seismic Development seismic Interpret final Well reprocessing modelling & reprocessing & seismic planning start economics interpretation SC-80 & 81 Resource Resource Drill Farm out U
Slide 14: Capital Structure
Capital Structure Tetragon Energy Ltd (ASX: TET) IPO July 2026 Subscription Shares Shareholder For personal use only ($4m) ratio Current Tetragon Shares on Issue (m) 19.7 50% $4M 50% Tetragon Shares issued under IPO (m) 20 IPO Raise Tetragon In-species dist Tetragon Shares on Issue upon ASX Listing
Slide 15: Tetragon Early Entry into Multi Bbo / Tcf Permits
Tetragon Early Entry into Multi Bbo / Tcf Permits Tetragon will list on the ASX in July 2026 at ~$8m market cap and $5.5m in cash1 For personal use only PHILIPPINES MACRO TAILWIND — QUALITY ASSETS SECURED HIGHLY MATERIAL UPSIDE STRUCTURAL ENERGY DEFICIT • • • • • • • • PROVEN TEAM LOW-COST PATHWAY T
Slide 16: Appendix
For personal use only Award ceremony for Philippine exploration Permits, held in the Presidential Palace, Manila 8 October 2025. The Philippine Department of Energy and the Philippine Government and have an excellent attitude to the Oil and Gas industry, which they recognise as being essential to th
Slide 17: Appendix: Philippine Assets – The Right Characteristics
Appendix: Philippine Assets – The Right Characteristics For personal use only SC-80 (SULU SEA) SC-81 (SULU SEA) SC-82 ONSHORE Offshore Offshore Onshore OPERATOR (INTEREST) Tetragon (37.5%) Tetragon (37.5%) Tetragon (100%) PARTNERS Sunda Energy Plc, Philodrill and PXP Sunda Energy Plc, Philodrill and
Slide 18: Appendix Resource summary
Appendix 2 Resource summary CONTINGENT Unrisked Gross Contingent Working Unrisked Gross Contingent Resources (Bscf) Resources to Tetragon (Bscf) For personal use only GAS RESOURCES Discovery Block Interest 1C 2C 3C 1C 2C 3C Dabakan SC-80 131.2 241.0 598.8 37.5% 49.2 90.3 224.6 Palendag SC-80 49.6 22
Slide 19: Appendix Resource summary
Appendix 2 Resource summary For personal use only Gross Prospective Resources Unrisked Gross Contingent Resources to (Unrisked) Tetragon (Bscf) PROSPECTIVE Block Prospect Fluid Type Working Interest GAS RESOURCES 1U 2U 3U Mean 1U 2U 3U Labo Gas (Bscf) 27.8 252.3 1586.9 587.3 37.5% 10.4 94.6 595.1 SC
Slide 20: Qualified Petroleum Reserves and Resources Evaluator Statement
Appendix 2 Resource summary Qualified Petroleum Reserves and Resources Evaluator Statement The estimates of Contingent and Prospective Resources included in this announcement are taken from an independently certified report issued by Sproule For personal use only ERCE in April 2026. Sproule ERCE is
Slide 21: For personal use only
For personal use only GREG HANCOCK Non-Exec Chairman CONRAD TODD Managing Director