Triangle Energy (global) Limited · ASX:TEG

Triangle Energy (global) — Investor Presentation (September 2011)

40 slides from Triangle Energy (global)'s investor presentation, September 2011

  1. Slide 1: Triangle Energy (Global) Limited Corporate Presentation

    Triangle Energy (Global) Limited (ASX Code: TEG) Corporate Presenta�on September 2011 1

  2. Slide 2: Important notice

    Important no�ce § The informa�on in this presenta�on is in summary form and should not be relied upon as a complete and accurate representa�on of any ma�ers that a poten�al investor should consider in evalua�ng Triangle Energy (Global) Ltd. While management has taken every effort to ensure the accur

  3. Slide 3: Agenda

    Agenda 1 Corporate Overview 2 Pase Fields 3 Explora�on opportuni�es 4 Acquisi�on opportuni�es 5 Corporate Social Responsibility 3

  4. Slide 4: Corporate Overview

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  5. Slide 5: Corporate overview

    < ws: ae Corporate overview riangle energy November il gos energy Triangle Energy Limited (TEL) formed Mobil Pase Inc, owner of Pase PSC purchased by TEL & name changed to Triangle Pase Inc (TPI) Production at Pase recommenced following 2.5 year shut in TEL completed backdoor listing on ASX. Parent

  6. Slide 6: Corporate overview

    Corporate overview 8 Experienced Board and Management team 8 Cashflows from gas produc�on at the Pase Fields which have: 8 substan�al remaining gas reserves 8 established gas infrastructure 8 proximity to strong domes�c and LNG energy demand markets; 8 a�rac�ve LNG pricing premiums; and 8 excellent e

  7. Slide 7: Corporate profile - ASX performance

    Corporate profile -­‐ ASX performance TEG Share Price and Volumes 35.0 0.09 0.08 30.0 0.07 Share Price (AUD/Share) 25.0 0.06 Volume (m) 20.0 0.05 0.04 15.0 0.03 10.0 0.02 5.0 0.01 0.0 0.00 08 Dec 09 09 Mar 10 08 Jun 10 07 Sep 10 07 Dec 10 08 Mar 11 07 Jun 11 06 Sep 11 Volume Share Price ASX Trading S

  8. Slide 8: Experienced team

    Experienced team Board of Directors 8

  9. Slide 9: Experienced team

    Experienced team Management team John Towner Execu�ve Chairman Duncan Nu�all Robert Lemmey Chief Execu�ve Officer Country Manager -­‐ Indonesia Joseph Oravetz Djakfa Husein Tony Anson Joe Abshire Explora�on Aceh government Drilling Manager Civils Engineer Manager rela�ons Charles Beales & Stuart Liddl

  10. Slide 10: Triangle Energy's experience

    Triangle Energy’s experience § Extensive commercial, development and opera�onal experience in the oil and gas industry § Excellent record of operatorship of Pase PSC § Strong rela�onships with local Acehnese communi�es § Good rela�onships with Indonesian and Acehnese government bodies 10

  11. Slide 11: Pase fields

    oo triangle energy oll gos energy Pase fields 11

  12. Slide 12: Location

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  13. Slide 13: Pase history

    Pase history § Total of 13 wells (not including sidetracks) were drilled by Mobil including: § 4 wildcat wells § 9 delinia�on/development wells § Pase field reservoir is characterised by low matrix porosity (0-­‐10%) and extensive, highly permeable fracture network § Gas composi�on: ~ 16% inerts

  14. Slide 14: Pase rejuvenation

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  15. Slide 15: Pase field and production well locations

    Pase field and produc�on well loca�ons 15

  16. Slide 16: Pase field - reserves estimates

    Pase field -­‐ reserves es�mates • In January 1989, DeGolyer & McNaughton produced a cer�fied reserves report (pre produc�on and major seismic data acquisi�on): Ø Proved Reserves: 56.15 Bcf and Probable Reserves: 89.29 Bcf • In 2003, a 3D geomodelling study done by ExxonMobil suggested an es�mated GI

  17. Slide 17: Pase PSC

    Pase PSC § Indonesian PSC renewal process § Renewal milestones § Feb '10 lodged applica�on § Jul '10 BPMIGAS recommended approval to Migas § Oct '10 TPI mee�ng with Governor of Aceh & Chairman of Aceh Parliament § Sept '11 TPI presenta�on to Aceh Parliament 17

  18. Slide 18: Pase production optimisation

    Pase produc�on op�misa�on § 3 wells successfully re-­‐commissioned, A1, A5 and A6 (2009) § Acid s�mula�on of A1 successfully completed (early 2011) § Work-­‐over program of A1 successfully completed to open up more reservoir interval (2011) § Comple�on run in A2 (2011) and prepara�ons underway t

  19. Slide 19: Pase production and prices

    a. Pase production and prices riangie energy il gos energy Pase quarterly production and prices 1 900 16 800 em Pase u 700 production 2 600 E = —"Pase 10 500 2 average gas & z price -_ _ 8 400 3 wr Henry Hub average gas 6 300 price "Indonesian 4 200 domestic price 09Q3 ogas 10a1 10Q2 1003 1004 1101

  20. Slide 20: PSC Revenue

    PSC Revenue § Gas Gas revenue split § FY 2010: $13.4M 14% § FY 2011: $14.1M Triangle Pase Inc § Condensate 86% Government of Indonesia § FY 2011: $2.8M * Current PSC terms and using cost recovery pool 20

  21. Slide 21: Aceh gas markets

    Aceh gas markets 8 Arun LNG contracts un�l 2014 8 Strong SE Asia LNG demand 8 Strong domes�c gas demand 8 3 Fer�liser plants 8 Local energy 21

  22. Slide 22: Regional geology

    Regional geology § The Pase Field consists of a fractured carbonate/clas�c/basement reservoir Schema�c diagram of Major Play Types and Traps near the Pase PSC 22

  23. Slide 23: Observed coastal onlap and litho-strat units

    Observed coastal onlap & litho-­‐strat units AGE PLANK. COMPOSITE CURVE REFLECTING RELATIVE CHANGE OF COASTAL LITHOSTRATIGRAPHY TECTONISM SEISMIC GLOBAL EUSTATIC CURVE (HAQ, et al, 1986 ) SERIES FORAM ONLAP AND ASSOCIATED LITHOFACIES FOR NORTH SUMATRA BASIN MY ZONE FORMATION MEMBER STAGE EVENTS MARK

  24. Slide 24: Pase field stratigraphic interpretation

    Pase field stra�graphic interpreta�on NE SW 24

  25. Slide 25: Exploration opportunities

    natn, triangle energy oil gos energy Exploration opportunities 25

  26. Slide 26: Exploration upside

    Explora�on upside § Significant explora�on upside § EM only interested in very significant gas culmina�ons (>1TCF) § Triangle Energy assembled very experienced subsurface team § Development of leads database § In-­‐fill drilling loca�ons § Seismic data reprocessing § Near-­‐field drilling targets

  27. Slide 27: Pase existing seismic coverage

    Pase exis�ng seismic coverage 27

  28. Slide 28: Pase seismic re-processing

    Pase seismic re-­‐processing !"#$%&'()*+,%-./%.0"1"#23%4056$77"#1% ;<% 829$%84%:2#1$% 8=% >=>%?97$6@A% !"#$%&'()*+,%!"#$"%&'()(*+%,$-&."%/0&11(*2$,(--% 9:% ./0$%.1%2/#3$%%451%.6/78% .;% <;<%=0>$7?@% 28

  29. Slide 29: Pase seismic re-processing

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  30. Slide 30: Pase field infill and near field opportunities

    Pase field infill and near field opportuni�es 30

  31. Slide 31: SLS-D opportunity (Pase field)

    SLS-­‐D opportunity (Pase field) § A carbonate buildup lead has been identified in the Pase portion of the SLS-D area. § As of January 2011, ExxonMobil produced 430 BCF from SLS-D. § Preliminary 2D seismic re- processing suggests the SLS-D carbonate Peutu reservoir extends Carbonate into the Pase

  32. Slide 32: B90-451/BP-226 Arbitrary line TPI Brute stacks

    B90-­‐451/BP-­‐226 Arbitrary line TPI Brute stacks – Close to SLS-­‐D field Pase A-9 Pase A-3 NW SE NE Green line Previous Interpreta�on Line B90-451 BP87-226 32

  33. Slide 33: Aceh acquisition opportunity

    Aceh acquisi�on opportunity 33

  34. Slide 34: Aceh acquisition opportunity

    Aceh acquisi�on opportunity 97°0'0"E 97°30'0"E 98°0'0"E '0"N Legend 6°0'0"N ExxonMobil 6°0'0"N 6°0'0"N 6°0'0"N BATHY_L 97°0'0"E 97°30'0"E 98°0'0"E JAMBU AYE UTARA TPI Pase PSC 0 announced -30 ExxonMobil Block-B -1000 ExxonMobil NSO NSO A -100 August 2011 NSO R planned sale of NSO J SUM N OFF 02 '0"N

  35. Slide 35: Acquisition assets summary

    Acquisi�on assets summary NSO ‘A’ PLATFORM 35

  36. Slide 36: Corporate social responsibility

    Corporate social responsibility 36

  37. Slide 37: Community engagement

    Community engagement 37

  38. Slide 38: Local employer of choice

    Local employer of choice 8 >40 Acehnese employees & contractors 8 Excellent staff reten�on rates § Zero accident safety record 38

  39. Slide 39: Summary

    Summary 8 Board and management team with extensive commercial, development and opera�onal experience in the oil and gas industry 8 Produc�on op�misa�on strategies employed since July 2009 with resul�ng gas and cashflows 8 The Pase A & B Fields have: 8 substan�al remaining gas; 8 established gas infra

  40. Slide 40: Contact

    Contact Perth Jakarta Triangle Energy (Global) Limited Triangle Pase Inc Unit 7 589 S�rling Hwy Plaza Bumidaya, Floor 18 Co�esloe WA 6011 Jl Imam Bonjol No. 61 Australia Jakarta Pusat 10310 Indonesia T: + 61 (0) 8 9284 8300 T: + 62 21 3193 1761 F: +61 (0) 8 9385 5184 F: + 62 21 230 1523 John Towner,

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