Triangle Energy (global) Limited · ASX:TEG

Triangle Energy (global) — Shareholder Meeting (November 2024)

14 slides from Triangle Energy (global)'s shareholder meeting presentation, Nov 14, 2024

  1. Slide 1: AGM Presentation: Perth Basin Exploration

    Click to edit Master title style ASX: TEG AGM Presentation Perth Basin Exploration November 2024

  2. Slide 2: Disclaimer

    2 Disclaimer Click to edit Master title style 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

  3. Slide 3: Perth Basin High Value Exploration Program

    3 PerthtoBasin Click edit Master title style High Value Exploration Program Perth Basin Acreage: Triangle >> high value exploration drilling 1 Success >>> significant share price increases Geraldton New Ventures: Valuable acreage expected into the portfolio Divest legacy Cliff Head Oil Field: Divest

  4. Slide 4: Triangle Energy Global

    Triangle Click to editEnergy Global Master title style North Perth Basin (Operator) UK North Sea (Non-Operator) Philippines (Operator) • Becos-1 well • Evaluation continues. • NA-11 Luzon award pending • L7 well • First 3 years low outgoings • 2024 Sulu licence round Geraldton Bangsamoro Autonomous

  5. Slide 5: L7 and EP 437 - Onshore Perth Basin

    5 L7 Click&toEP edit437 - Onshore Master title style Perth Basin • L7 contains proven oil Mt Horner oilfield • Multiple plays:- 3 high-graded prospects for one drill slot 1. Kingia gas plays like Waitsia / W Erregulla & Lockyer still have potential 2. Dongara oil / gas plays like N Erregulla Deep 3.

  6. Slide 6: Next Well – Becos-1 (EP 437)

    6 NexttoWell Click – Becos-1 edit Master (EP 437) title style Prospects and Wells - 3 well farm-in Oil Potential • Oil & gas potential in EP 437 • Two oil prospects identified • Becos to be next well drilled • Spud likely end March • EP Granted • Rig: Silver City rig 24 contracted • Potential to red

  7. Slide 7: Possible Third Well: MH-2 Updip

    7 Possible Third Click to edit Well: Master titleMH-2 style Updip • Low risk oil target ~2 MMbbl • Good oil shows in MH-2 drilled 1965 & Oil Arranoo-1 drilled 1994 shows • Up-dip oil target ~2 MMbbl • 3D demonstrates MH-2 missed structure • Underlain by more oil potential and new basement gas play ~

  8. Slide 8: Possible Third Well: Huntswell Deep

    8 Possible Third Click to edit Well: Master titleHuntswell style Deep Eurangoa-1 • Huntswell Deep Prospect • Kingia Gas Target • 4 way dip-closed structure • Prospective Resources 60 Bcf ML Huntswell MH-2 updip Top Kingia Sst Top HCS

  9. Slide 9: Possible Third Well: Mountain Bridge South

    9 Possible Click to editThird Well: Master title style Mountain Bridge South (MBS) Dongara Sst Depth Map Mount Horner -2 TRAP: Located across border with L2 permit to south Reservoirs: Kingia, Dongara and Cattamarra Structure extends into Mitsui / Beach block. P50 Prospective Resources TOTAL Structu

  10. Slide 10: Future Well Potential: L7 Oil Prospects

    10 Future Click Well to edit Potential Master L7 Oil Prospects title style • Recent review reveals significant oil potential in L7. Oil Prospective Resources Gross 100% (MMbbl) Oil Prospective Resources Net TEG 50% (MMbbl) MinRes wells to the south proving large oil discovery Low Best High Low Best

  11. Slide 11: Cliff Head

    11 Cliff to Click Head edit Master title style Cash sale First payment received • News Flash: Triangle receives first payment of $2.4 million on 18th October Pilot paying ongoing costs • Pilot will pay Triangle approx. $18 million in staged payments 1. $6.5+ million in staged payments: Oct - Dec 202

  12. Slide 12: New Ventures

    12 New toVentures Click edit Master title style UK Permits awarded in 2024: (non operated) UK: Athena UK: Orcadian • West of Shetland P 2628 Cragganmore Gas field: Contingent Resources 527 Bcf • Central North Sea P 2650. Prospective Resources 269 Bcf Asia: • Philippines NA-11 onshore Luzon, in award

  13. Slide 13: High Impact Perth Basin Exploration

    13 HightoImpact Click Perth edit Master titleBasin style Exploration 1. Divesting legacy Cliff Head Oil Field 2. Drill Perth Basin Mar/Apr 2025 3. New Ventures Projects Philippines Well Well 3 (CY25)* Becos-1 Nov 2025 2024

  14. Slide 14: Thank You

    Click to editThank You Master title style Questions? Managing Director, Conrad Todd www.triangleenergy.com.au ASX: TEG

Triangle Energy (Global) — Shareholder Meeting (November 2024) on 6ix