Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Investor Presentation (October 2022)
16 slides from Triangle Energy (global)'s investor presentation, Oct 24, 2022
Slide 1: ASX Announcement: Broker Presentation
ASX Announcement 24 October 2022 ASX: TEG BROKER PRESENTATION Triangle Energy (Global) Limited (Triangle Energy / the Company) (ASX:TEG) would like to advise shareholders that the Managing Director Conrad Todd is presenting to significant shareholders, brokers and financial institutions this week. T
Slide 2: Investor Presentation
ASX: TEG Investor Presentation ASX:TEG Managing Director, Conrad Todd www.triangleenergy.com.au October 2022
Slide 3: Disclaimer
Disclaimer 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, related bodies “believes,” “anticipate
Slide 4: Triangle Summary
Triangle Summary Perth Basin Oil Producer with significant onshore Gas & Oil potential Geraldton ASX Code: TEG • Shares on issue: 1.335 billion • Share Price 1.3 cents L7 & EP 437 Exploration • Market Cap: $17 million • Options 827 million (@3.5c and 2.5c) Mt Horner • EV $ -7 mill ($17 MC - $ 16 cas
Slide 5: Key Catalysts for Growth
Key Catalysts for Growth Cliff Head Cashflow Steady Geraldton • Production steady 660 bopd • Will increase after CH10 work-over (Q4) New Export Route For Cliff Head Oil Production • First 51,000 barrels loaded to tanker at Geraldton • Delivered to Thailand >> A$ 6.8 million • Can accept third party
Slide 6: Cliff Head Field
Cliff Head Field • Cliff Head is only operating offshore and onshore Storage and Export infrastructure in the Perth Basin. Geraldton • Potential to be converted into a CCS project once the oilfield ceases economic production. • Two 14km pipelines run from platform to onshore Arrowsmith Stabilisation
Slide 7: New Life for Cliff Head: Carbon Capture Project
New Life for Cliff Head: Carbon Capture Project • Triangle and Pilot have negotiated a Joint Venture for a Carbon Capture and Sequestration (CCS) project on the Cliff Head Field. • Cliff Head is the only production facility in the Perth Basin within Commonwealth waters where CCS is allowed • Current
Slide 8: New CO2 injection well to SW of field
New CO2 injection well to SW of field Potential 10MT over 15 years (665ktpa)
Slide 9: L7 & EP 437: Onshore Perth Basin Major Gas and Oil potential
L7 & EP 437: Onshore Perth Basin Major Gas and Oil potential • Adjacent to Waitsia (1 Tcf gas) and Lockyer Deep (1 Tcf Gas) EP437 • One of the few areas remaining open for farm-in to the prolific North Perth Basin 100% • Triangle has completed acquisition of 100 % interest in both titles by purchasi
Slide 10: Potential for oil and / or gas in multiple zones
Potential for oil and / or gas in multiple zones MH Deep HANGING WALL Oil potential up-dip of existing MH wells Late Permian Gas (or oil) major faults FOOTWALL Oil potential Gas potential BUTTRESS PLAY Early Permian Gas trapped against basement Gas Oil 9 9
Slide 11: New 3D Seismic Data reveals more detail
New 3D Seismic Data reveals more detail • The new Bookara 3D survey is still in its early stages of processing but we can already see a massive improvement in the quality of the data over the existing 2D and other regional 3D surveys • It is too early to interpret for prospects, but is already showi
Slide 12: L7 Gas Prospective Resources
L7 Gas Prospective Resources EP437 Gas Potential EP437 Oil Potential L7 L7 Lower Permian gas target Permo/Triassic oil target Prospective Resources Gross 100% (Bcf Gas) L7 has already produced 1.8 MMbbl from Mount Prospective Resources Gross 100% (MMstb Oil) Low Best High Horner Field Low Best High
Slide 13: Triangle Path Forward
Triangle Path Forward OIL PRODUCTION TRANSITION to CCS • New export route delivered proven and working • Repurpose Cliff Head facilities for CCS • Truck north to Geraldton • Highly profitable • Tanker load at Geraldton • Re-allocation of interest • Enhanced oil production at CHJV • Extends life by 1
Slide 14: Triangle Potential Share Price Catalysts
Triangle Potential Share Price Catalysts EVENT IMPACT EXPECTED TIMING Second Load and Tanker Depart Proves Oil Sales Income Deliver and sell oil Strategic repositioning of GAS shareholding Plus $6.7 million Secured 100% interest L7 & EP437 Clear to Farm out Removed Royalty CH 10 Workover underway In
Slide 15: Triangle Summary
Triangle Summary Triangle Energy has an exciting future with a rejuvenated team and a clear vision • Positive relationships with Partners, Regulators and the Market • Aiming for balance between conventional oil and gas and green initiatives;- CCS etc • Management team combines in-depth technical str
Slide 16: ASX Announcement: Contact
ASX Announcement 24 October 2022 ASX: TEG ENDS For more information Mr Conrad Todd Managing Director E: [email protected] Ph: +61 8 9219 7111 General Shareholder Enquiries [email protected] About Triangle Energy (Global) Ltd Triangle Energy (Global) Ltd is an ASX listed (ASX:TEG)
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