Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Investor Presentation (May 2020)
19 slides from Triangle Energy (global)'s investor presentation, May 4, 2020
Slide 1: ASX Announcement: Corporate Presentation
ASX Announcement 4 May 2020 ASX:TEG Corporate Presentation Triangle Energy (Global) Limited (Triangle or the Company) (ASX: TEG) attaches its Corporate Presentation for May 2020. Authorised for Release by: Mr Robert E T Towner Managing Director ENDS General Shareholder Enquiries: info@triangleenergy
Slide 2: Perth Basin Oil Producer & Explorer
Market Update May 2020 Perth Basin Oil Producer & Explorer Leveraging off our operating expertise and infrastructure to secure wider growth opportunities in the Western Australian, Perth Basin www.triangleenergy.com.au ASX:TEG
Slide 3: Corporate Overview
Corporate Overview CAPITAL STRUCTURE EXPERIENCED BOARD ASX Code TEG Shares on issue 360.7 million Other Securities on Issue 72.1M Listed Options exc @ $0.12 exp 30/09/20 1.8M Unlisted Options exc @ $0.10, exp 6/11/21 0.400M Performance Shares 29.1M Performance Rights Share price $0.029 (as at 1 May
Slide 4: Health, Safety and Wellbeing of our Employees
Health, Safety and Wellbeing of our Employees COVID-19 Response Helping to slow the spread of COVID-19 In line with advice from health authorities, Triangle is taking all reasonable steps to protect our workforce from COVID-19, while also ensuring our business can continue to operate safely and effi
Slide 5: Cliff Head Project
Cliff Head Project Unlocking the potential in an underexplored energy province Location and Tenure - Approximately 270km north of Perth, Western Australia - Production License WA-31-L covers 72km2 including 6km2 oil field Infrastructure - Cliff Head Alpha unmanned platform, approximately 12km of
Slide 6: Cliff Head Oil Field: Premium Over Brent Price
Cliff Head Oil Field Premium Over Brent Price Average premium over Brent of US$2.80 per barrel since Oct 2019 5
Slide 7: Cliff Head Oil Field: Lifting costs below US$27 per barrel
Cliff Head Oil Field Generating value through reliable and efficient operations Before and After Oil Price Decrease Cliff Head JV 100% Ave Oil Cliff Head 100% Oil Price Ave Cost and Profit Per Barrel (USD) Ave Cost and Profit Per Barrel (USD) Price US$25 Quarter Ending Mar-20 Forecasted Apr-Jun 2020
Slide 8: Cost Management
Cost Management Strong and supportive relationships with local suppliers Measures adopted: Secure savings on routine costs while maintaining full staff Defer non-essential non-routine activities Continued commitment to CAPEX maintaining regulatory compliance Proceed with grouting works and s
Slide 9: Arrowsmith Stabilisation Plant
Arrowsmith Stabilisation Plant Vital onshore infrastructure servicing the Perth Basin Production capacity of 15,000 BOPD well placed to service an increase in Reserves as well as process third party crude Crude oil is delivered daily by road train tankers from Arrowsmith to the BP refinery in Kw
Slide 10: A Growing Footprint in the Perth Basin
A Growing Footprint in the Perth Basin Asset Portfolio 78.75% 21.25% WA-31-L Cliff Head Producing Asset • 2P reserves 1.71* MMstb as at 30 June19 • Cliff Head Renewal Project • 2C Contingent Resource 4.79* MMstb • Targeting reserves increase of 3.13* MMstb (183%) onFID Waitsia 50/50% • CH-11 recompl
Slide 11: Cliff Head Renewal Project: Three Priority Drilling Candidates Advanced
Cliff Head Renewal Project Three Priority Drilling Candidates Advanced Important potential remaining in undrilled Far North satellite features West High 1.0 MMstb 1. Mentelle Updip Prospect 5.2 Mmstb 2. West High appraisal/development 1.0 MMstb 3. SE Nose development Mentelle Updip 5.2 MMstb 1.0 M
Slide 12: Resource Summary
Resource Summary WA-31-L Cliff Head Cliff Head (PL WA-31-L) Gross Contingent Resources Net TEG 78.75% Contingent Resources (MMstb Oil) 1C 2C 3C (MMstb Oil) 1C 2C 3C SE Nose 0.50 1.01 2.07 SE Nose 0.39 0.80 1.63 West High 0.00 0.95 2.27 West High 0.00 0.75 1.79 West Flank 0.00 0.79 1.14 West Flank 0.
Slide 13: Perth Basin: TP/15 Xanadu Oil Field
Perth Basin Unlocking Value in JV Projects TP/15 Xanadu Oil Field (TEG 45%) Baldivis Xanadu-1 oil discovery highlights the exploration potential of TP/15 West Xanadu follow-up lead mapped immediately west of Xanadu-1 Much improved reservoir development Smithbrook expected South Xanadu lead o
Slide 14: Perth Basin: Mount Horner Production Licence L7 (R1)
Perth Basin Unlocking Value in JV Projects Mount Horner Production Licence L7 (R1) Joint Venture (TEG 50%) Mount Horner 3D seismic survey to evaluate multiple drilling opportunities Longhorn Delilah 1. Infill, attic and appraisal oil opportunities within existing Mt Horner Field Hinckley Updip MH9
Slide 15: State Gas Limited (ASX:GAS)
State Gas Limited (ASX:GAS) Progressing development to bring gas to market 32.7% equity interest in ASX:GAS TEG’s Reid’s Dome asset acquired via successful listing of State Gas Ltd GAS holds an 100% interest and is the Operator of the Reid’s Dome Gas Project (PL231) in Queensland’s Bowen Basin (
Slide 16: FY20 Program On Track
FY20 Program On Track Further Improvements Identified and Expected Lifting Costs at Cliff to Reduce Lifting Costs Head Decreased to to US$15.00 a US$24.95 a barrel barrel for the Remainder of this Financial Year Study Value Adding Options for Cliff Head Unlock Value in Joint Following Review of Vent
Slide 17: Notes Regarding Contingent and Prospective Resources
Notes Regarding Contingent and Prospective Resources 1. The Prospective Resources and Contingent Resources lie within the Cliff Head Production Licence WA-31-L 2. Gross Prospective and Contingent Resources are attributed to 100% joint venture interest in WA-31-L. 3. Net Prospective and Contingent Re
Slide 18: 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 represe
Slide 19: Triangle Energy (Global) Limited: Contact
This presentation was approved for release by Robert Towner, Managing Director Triangle Energy (Global) Limited (ASX:TEG) Mr Rob Towner Managing Director Ground Floor 100 Havelock St West Perth Western Australia 6005 [email protected] www.triangleenergy.com.au @Triangle_Energy 18
Triangle Energy (Global) — Investor Presentation (May 2020) on 6ix