Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Noosa Mining Conference 2017
18 slides from Triangle Energy (global)'s conference presentation, Jul 19, 2017
Slide 1: Consolidating and expanding on opportunities in the Perth Basin
Consolidating and expanding on opportunities in the Perth Basin Noosa Mining Conference 19 July 2017 Rob Towner, Managing Director
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS ▪ This Presentation is provided on the basis that Triangle Energy (Global) Limited (“Triangle” or the “Company”) nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any repre
Slide 3: Clearly Defined Growth Strategy
CLEARLY DEFINED GROWTH STRATEGY Triangle has positioned itself to become a lead player in the resurgence of interest and consolidation in the Perth Basin ▪ Assess acquisition and JV opportunities to pursue growth strategy, ensure continuity of business, plus enhance profits and shareholder value ▪ M
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Capital Structure and Key Metrics Operating Metrics ASX Code TEG Daily Production 1,270 bopd (78.75% TEG 1,000 bopd) Shares on issue1 152.8 million Net Reserves4 2P Reserves - 2.7 MMstb Unlisted options on 6 million issue1 Share price1 $0.05 Shareholder Composition Market Capitali
Slide 5: Cliff Head Oil Field
CLIFF HEAD OIL FIELD Predictable, strong production rates and cash flow generation ~290kms north of Perth Location WA-31-L Offshore Perth Basin, Western Australia 10km offshore in 15-20m of water Unmanned offshore platform connected by 14km Facilities pipelines to the Arrowsmith onshore facility Wor
Slide 6: Cliff Head – Arrowsmith Facility
CLIFF HEAD – ARROWSMITH FACILITY The only operational oil processing facility in the highly prospective and underexplored 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- inje
Slide 7: Cliff Head – Exploration Upside & Growth
CLIFF HEAD – EXPLORATION UPSIDE & GROWTH EOR and near-field resources could materially enhance the value of Cliff Head ▪ Enhanced Oil Recovery (EOR) - EOR holds potential for greater flow rates, field recoveries for relatively modest capital expenditure ▪ Mentelle prospect - 1 successful exploration
Slide 8: Xanadu-1 - Overview
XANADU-1 - OVERVIEW W E TP/15 Offshore Perth Basin Western Location Australia (14kms SSE of Cliff Head Oil Field and Arrowsmith Processing Facilities) Triangle 40% to earn 30% Joint Venture Norwest Energy NL 0% to earn 25% (Operator) Interest 3C Group 40% to earn 30% Transerv 20% to earn 15% Confirm
Slide 9: Xanadu-1 JV – Structural Comparison
XANADU-1 JV – STRUCTURAL COMPARISON * Refer NWE announcement 29 October 2014 9
Slide 10: Xanadu-1 / Arrowsmith Proximity
XANADU-1 / ARROWSMITH PROXIMITY Arrowsmith Production Facility Cliff Head Oil Field Xanadu 1 10
Slide 11: Reids Dome – QLD Conventional Gas
REIDS DOME – QLD CONVENTIONAL GAS An appraisal asset with multiple hydrocarbon bearing horizons Location PL 231, Bowen Basin, Queensland Working Triangle 60% (Operator) Interest Appraisal • 13 wells have been drilled on Reids Dome (2 deep, 11 shallow) Asset stage • Shallow sands have been tested wit
Slide 12: Key Catalysts
KEY CATALYSTS Multiple company-specific, sector and macro catalysts could lead to re-rating in Triangle’s equity valuation ▪ Xanadu 1 JV - spud well, mid September 2017 ▪ West High prospect - enhance oil recovery ▪ Reids Dome Conventional Gas JV - (TEG 60% & Operator) - value realisation strategy ga
Slide 13: Summary
SUMMARY ✓ Triangle holds majority 78.75% interest in and Operator of the Cliff Head Oil Field ✓ Clear strategy to expand position in the Perth Basin ✓ Cliff Head Oil Field contains the only offshore and operating onshore crude oil facilities in the Perth Basin, including the Arrowsmith Stabilisation
Slide 14: Triangle Energy Limited (ASX:TEG) contact details
Triangle Energy Limited (ASX:TEG) Unit 7 589 Stirling Highway Cottesloe WA 6911 Australia E: [email protected] T: +61 8 9286 8300 | F: +61 8 9385 5184 | W: www.triangleenergy.com.au
Slide 15: Appendices
APPENDICES TriangleEnergy
Slide 16: Experienced Board
EXPERIENCED BOARD Edward Farrell Non-Executive Chairman ▪ Over 25 years’ experience in international financial markets, including broking and corporate finance ▪ Founder of a consultancy services business ▪ Held directorships with multiple public and private companies ▪ Fellow of the National Instit
Slide 17: Strategic Partnerships
STRATEGIC PARTNERSHIPS ▪ Leverage strong relationships with partners to expand portfolio in areas of interest ▪ Strategic alliance with Tamarind Management provides world-class industry capability and depth strategically, commercially and technically ▪ Joint Venture partnership with Norwest Energy N
Slide 18: 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 reports boe using a
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