Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — PESA Deal Day 2021
18 slides from Triangle Energy (global)'s conference presentation, Jun 14, 2021
Slide 1: ASX Announcement: Corporate Presentation
ASX Announcement 11 June 2021 ASX:TEG Corporate Presentation Triangle Energy (Global) Limited (Triangle / the Company) (ASX: TEG) is pleased to provide a copy of the presentation to be given at the PESA Deal Day on Monday 14 June 2021. Authorised for Release by: Robert E T Towner Managing Director E
Slide 2: A suite of North Perth Basin Assets
A suite of North Perth Basin Assets Matt Fittall Subsurface Manager, Triangle Energy [email protected] +61 419 856 747 Deal Day – Monday 14 June 2021
Slide 3: 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 uncertainties, Triangle’s actual results and performance may differ materially from the results expressed “Company”) nor its respective officers, shareholders
Slide 4: Agenda: Perth Basin: A Forgotten Oil Province
Agenda Perth Basin: A Forgotten Oil Province L 7 & EP 437 01: Introduction: Rejuvenating Perth Basin oil Dunsborough Mt Horner 02: Mt Horner (L 7) and EP 437 WA-481-P TP/15 West Erregulla Frankland Waitsia 03: Cliff Head (WA-31-L) WA-31-P Cliff Head Behara Springs 04: WA-481-P Xanadu 05: Summary ~40
Slide 5: 01: Rejuvenating Perth Basin oil: A Forgotten Oil Province
01: Rejuvenating Perth Basin oil: A Forgotten Oil Province OFFSHORE ONSHORE Cliff Head (WA-31-L) – 78.75% & Operator Mount Horner (L 7) – 100%** • Low risk drilling = near term production • 3D seismic to unlock future discoveries EP 437 • ~800 BOPD current production WA-481-P • Jurassic oil field re
Slide 6: Agenda: Perth Basin: A Forgotten Oil Province
Agenda Perth Basin: A Forgotten Oil Province L 7 & EP 437 01: Introduction: Rejuvenating Perth Basin oil Dunsborough Mt Horner 02: Mt Horner (L 7) and EP 437 WA-481-P TP/15 West Erregulla Frankland Waitsia 03: Cliff Head (WA-31-L) WA-31-P Cliff Head Behara Springs 04: WA-481-P Xanadu 05: Summary ~40
Slide 7: 02: Mt Horner (L 7) and EP 437
02: Mt Horner (L 7) and EP 437 3D seismic to unlock future discoveries EP437 L7 R3 Mt Horner Oil Field Triangle will be Operator of both Permits: Yarragadee Wagina and IRCM (Kingia/High Cliff) oil Yarragadee Mt Horner Oil Field 100% equity in L 7 and 86.94% equity in EP 437 potential in Mt Redevelop
Slide 8: 02: Mt Horner (L 7) and EP 437
02: Mt Horner (L 7) and EP 437 3D seismic to unlock future discoveries Mount Horner Oil Field: F Sand Depth • Produced 1.86 MMstb (shut in in 2011 due to high water cut) Updip MH-9/10 Mount Horner rejuvenation: • “Attic oil”, ie F & K sands updip of production from MH 9/10 SW MH-6 Lobe Mount Horner
Slide 9: 02: Mt Horner (L 7) and EP 437
02: Mt Horner (L 7) and EP 437 3D seismic to unlock future discoveries EP 437 L7 Wye-1 Mt Horner Oil Field Becos Arranoo-1 11% pre-3D 33% post-3D Georgina-1 From: https://www.petroleum.sa.gov.au/media/shared/excel/petroleum/cooper-success/CooperSuccessExcel-2018.xlsx 8
Slide 10: Agenda: Perth Basin: A Forgotten Oil Province
Agenda Perth Basin: A Forgotten Oil Province L 7 & EP 437 01: Introduction: Rejuvenating Perth Basin oil Dunsborough Mt Horner 02: Mt Horner (L 7) and EP 437 WA-481-P TP/15 West Erregulla Frankland Waitsia 03: Cliff Head (WA-31-L) WA-31-P Cliff Head Behara Springs 04: WA-481-P Xanadu 05: Summary ~40
Slide 11: 03: Cliff Head (WA-31-L)
03: Cliff Head (WA-31-L) Low risk drilling = Near term production Triangle is Operator with 78.75% equity ~5.4 MMstb* • Cliff Head Oil Field is currently producing ~800 BOPD (16.5 MMstb MENTELLE UPDIP produced to date) and is ~300 km from Perth in 20 metres of water; • critical infrastructure with t
Slide 12: 03: Cliff Head (WA-31-L): staged entry for a new partner
03: Cliff Head (WA-31-L) Low risk drilling = Near term production Triangle is offering a staged entry for a new partner: West High West Flank ~1.1 MMstb Bypassed oil • Participate in the preparation of well planning for all three wells to earn an option; • If the incoming party elects its option the
Slide 13: Agenda: Perth Basin: A Forgotten Oil Province
Agenda Perth Basin: A Forgotten Oil Province L 7 & EP 437 01: Introduction: Rejuvenating Perth Basin oil Dunsborough Mt Horner 02: Mt Horner (L 7) and EP 437 WA-481-P TP/15 West Erregulla Frankland Waitsia 03: Cliff Head (WA-31-L) WA-31-P Cliff Head Behara Springs 04: WA-481-P Xanadu 05: Summary ~40
Slide 14: 04: WA-481-P
04: WA-481-P Exploring for the next Cliff Head Triangle will be Operator with 78.75% equity – regulator approval is expected imminently. • A minimum of 350 km2 of seismic acquisition required before August 2023: • Different structural style from the Frankland and Dunsborough discoveries within the P
Slide 15: Agenda: Perth Basin: A Forgotten Oil Province
Agenda Perth Basin: A Forgotten Oil Province L 7 & EP 437 01: Introduction: Rejuvenating Perth Basin oil Dunsborough Mt Horner 02: Mt Horner (L 7) and EP 437 WA-481-P TP/15 West Erregulla Frankland Waitsia 03: Cliff Head (WA-31-L) WA-31-P Cliff Head Behara Springs 04: WA-481-P Xanadu 05: Summary ~40
Slide 16: 05: Summary
05: Summary Be part of rejuvenating Perth Basin oil!! This suite of North Perth Basin assets really does offer something for everyone: 1. A ground floor entry with a 3D seismic survey to rejuvenate an existing oil field and target low risk exploration opportunities (Mt Horner & EP 437); and/or 2. An
Slide 17: Contact us
Contact us …….. Come see us at booth 124 in the Exhibition Matt Fittall Subsurface Manager +61 419 856 747 [email protected] www.triangleenergy.com.au 16
Slide 18: Additional Information: Cliff Head Resources Summary
Additional Information Cliff Head Resources Summary Cliff Head (WA-31-L) Contingent Resources (Gross) Net TEG (78.75%) Contingent Resources Lower Permian Unconformity Depth (MMstb Oil) 1C (Low) 2C (Best) 3C (High) (MMstb Oil) 1C (Low) 2C (Best) 3C (High) Mentelle SE Nose 0.49 0.81 1.25 SE Nose 0.39