Triangle Energy (global) Limited · ASX:TEG

Triangle Energy (global) — Investor Presentation (March 2017)

16 slides from Triangle Energy (global)'s investor presentation, March 2017

  1. Slide 1: Investor Presentation

    Investor Presentation March 2017 Highly leveraged oil producer and explorer

  2. 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

  3. Slide 3: Company Overview

    COMPANY OVERVIEW Overview Key Metrics  Australian focused oil producer and explorer ASX Code TEG  Generating strong operating cash flows Shares on issue1 146.8 million  Established technical team and infrastructure Unlisted options on 6 million  Low-risk growth from enhanced oil recovery program

  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 Edward Management  Over 25 years experience in international financial markets, including broking and Farrell corporate finance Chairman  Founder of a

  5. Slide 5: Clearly Defined Strategy

    CLEARLY DEFINED STRATEGY 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 relations

  6. Slide 6: Cliff Head Oil Field

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

  7. Slide 7: Cliff Head – Arrowsmith Facility

    CLIFF HEAD – ARROWSMITH FACILITY The only operational oil processing facility in the highly active 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- injected

  8. Slide 8: 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 

  9. Slide 9: Cliff Head – Operating Model

    CLIFF HEAD – OPERATING MODEL Triangle 2017 OPEX costs of US$35/bbl Key supplier cost reductions Lower gas prices  Operations & maintenance  Preparation for gas  Trucking supply/review  Chemicals Better human resources Asset efficiency  World class human  Maximise uptime resources available at

  10. Slide 10: Xanadu-1 JV - Overview

    XANADU-1 JV - OVERVIEW W E  TP/15 Offshore Perth Basin Western Location Australia (10kms SSE of Cliff Head Oil Field)  Norwest Energy NL 0% to earn 25% Joint Venture (Operator)  TEG 40% to earn 30% Interest  3C Group 40% to earn 30%  Transerv 20% to earn 15%  Confirmed prospect to drill  Conv

  11. Slide 11: Xanadu-1 JV - Location

    XANADU-1 JV - LOCATION TriangleEnergy Xanadu-1 Well Location — Zoom View

  12. Slide 12: Xanadu-1 JV – Structural Comparison

    XANADU-1 JV – STRUCTURAL COMPARISON * Refer NWE announcement 29 October 2014 12

  13. Slide 13: 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  TEG 60% (Operator) Interest  Dome Petroleum Plc. (40%)  Appraisal - 13 wells have been drilled on Reids Dome (2 deep, 11 shallow) Asset stage - Shall

  14. Slide 14: Summary

    SUMMARY  Cliff Head provides Triangle with strong, predictable cash flows and solid foundation for growth  Triangle will pursue opportunities to enhance value of the Cliff Head asset through EOR and targeting near-field resources  Cliff Head offshore and onshore infrastructure is valuable in the

  15. Slide 15: 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

  16. Slide 16: Triangle Energy Limited 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

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