Triangle Energy (global) Limited · ASX:TEG

Triangle Energy (global) — Investor Presentation (September 2016)

15 slides from Triangle Energy (global)'s investor presentation, September 2016

  1. Slide 1: Investor Presentation

    Investor Presentation September 2016

  2. Slide 2: Disclaimer and Forward Looking Statements

    DISCLAIMER AND FORWARD LOOKING STATEMENTS This Presentation is provided on the basis that Triangle Energy Limited (“Triangle” or the “Company”) nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation o

  3. Slide 3: Company Overview

    COMPANY OVERVIEW Overview Key Metrics ASX Code  TEG  Australian focused oil producer and explorer Shares on issue1  3.5 billion  Generating strong operating cash flows  150 million Unlisted options on issue1  Low-risk growth from enhanced oil recovery program Share price1  $0.002  Strong res

  4. Slide 4: Aligned Board

    ALIGNED BOARD Experienced Board, aligned with shareholders.  Fellow of the National Institute of Accountants, member of the Australian Institute of Management Edward Farrell  Over 25 years experience in international financial markets, including broking and corporate finance Chairman  Founder of

  5. Slide 5: Clearly Defined Strategy

    CLEARLY DEFINED STRATEGY Focus on Australian proven oil basins, attractive project economics and partnerships.  Focus on Australian hydrocarbon basins with attractive economics  Acquire and develop assets in proven oil plays utilising advanced drilling and completion technologies  Leverage strong

  6. Slide 6: Cliff Head

    CLIFF HEAD Predictable, strong production rates and cash flow generation.  WA-31-L, Perth Basin, Western Australia Location  10km offshore in 15-20m of water  Unmanned offshore platform connected by 14km Facilities pipelines to the Arrowsmith onshore facility  TEG 57.5% Working Interests  ROC O

  7. Slide 7: Cliff Head – EOR & Appraisal Growth

    CLIFF HEAD – EOR & APPRAISAL GROWTH EOR and near-field resources could materially enhance the value of the Cliff Head.  Enhanced Oil Recovery (EOR) - 0.6MMstb of P50 recoverable resources (net) - EOR holds potential for greater flow rates, field recoveries for relatively modest capital expenditure

  8. Slide 8: Cliff Head – Cost Reductions

    CLIFF HEAD – COST REDUCTIONS Triangle targeting opex costs of US$35/bbl. Key supplier cost reductions Lower gas prices  Operations & maintenance  Reduce power generation  Trucking costs Better human resources Asset efficiency  World class human resources  Maximise uptime available at affordable

  9. Slide 9: Cliff Head – Arrowsmith Facility

    CLIFF HEAD – ARROWSMITH FACILITY The only operational oil processing facility in the highly active Perth Basin.  Route to market - Cliff Head crude is pumped to the Arrowsmith facility which has processing capacity for up to 15,000 bopd - Produced water is treated and re-injected back into the Clif

  10. Slide 10: Other Asset – Reids Dome

    OTHER ASSET – REIDS DOME An appraisal asset with multiple hydrocarbon bearing horizons. Location  PL 231, Bowen Basin, Queensland  TEG 60% (Operator) Working Interest  Dome Petroleum Plc. (40%) Asset stage  Appraisal - 13 wells have been drilled on Reids Dome (2 deep, 11 shallow) - Shallow sands

  11. Slide 11: Valuation – Trading Comparables

    VALUATION – TRADING COMPARABLES Triangle is significantly undervalued relative to its ASX listed, producing Perth Basin peers. Enterprise Value / 2P Reserves (A$/boe) 1,2,4 14 12 10 8 Average 6.6 6 4 2 0 Empire AWE Triangle Enterprise Value / Production (A$/boepd) 1,2,3 40,000 30,000 Average 23,105

  12. Slide 12: Cash Flows

    CASH FLOWS Strong financial position with operating cash flows expected to rise despite low oil prices. Financial year 2017 Expected Cash flow Waterfall 1,2,3,4  Operating cash flows 4.5 - Planned operating cost reductions to yield positive 4.0 margins even at US$45/bbl oil prices - Cash flows expe

  13. Slide 13: Summary

    SUMMARY A company poised for growth.  Cliff Head provides Triangle with strong, predictable cash flows and solid foundation for growth  Triangle will pursue opportunities to enhanced value of the Cliff Head asset through EOR and targeting near-field resources  Cliff Head offshore and onshore infr

  14. Slide 14: Defined Terms

    DEFINED TERMS DEFINED TERMS  “$” means Australian dollars, unless otherwise stated.  “B” or “b” prefix means billion  “bbl/s” means barrel/ s  “bopd” or “boepd” means barrels of oil per day and barrels of oil equivalent per day, respectively  “boe” means barrels of oil equivalent. Triangle repo

  15. Slide 15: Triangle Energy Limited (ASX:TEG)

    Triangle Energy Limited (ASX:TEG) PO Box 337 Cottesloe WA 6911 Australia T: +61 8 9286 8305 | F: +61 8 9385 5184 | W: www.triangleenergy.com.au

Triangle Energy (Global) — Investor Presentation (September 2016) on 6ix