Triangle Energy (global) Limited · ASX:TEG
Triangle Energy (global) — Shareholder Meeting (November 2019)
16 slides from Triangle Energy (global)'s shareholder meeting presentation, Nov 19, 2019
Slide 1: Perth Basin Producer/Explorer – Managing Director AGM Presentation
Perth Basin Producer/Explorer Managing Director AGM Presentation Tuesday, 19 November 2019
Slide 2: Corporate Overview
Corporate Overview ASX Code TEG Shares on issue 360.7 million EXPERIENCED BOARD Unlisted options on issue 11.155M exc @ $0.15, exp 19 Jan 2020 1.8M exc @ $0.10 exp 6 Nov 2021 CAPITAL STRUCTUREE 0.400M performance shares Share price $0.054 (18-11-19) Tim Monckton Rob Towner Non-Exec Chairman Managing
Slide 3: Platform Built for Transformational Growth
PLATFORM BUILT FOR TRANSFORMATIONAL GROWTH * TEG share as announced 30 August 2019 Sale of Pase PSC & **The estimated quantities of petroleum that may potentially be recovered by the application of future development projects relate to undiscovered accumulations. These estimates have both an associa
Slide 4: Corporate – Portfolio Summary
Corporate – Portfolio Summary WA-31-L Cliff Head Producing Asset • 78.75% equity holder • 2P reserves 1.71* MMstb as at 30 June2019 • Cliff Head Renewal Project to FID in December 2019 L7(R1) Mt Horner • 2C Contingent Resource 4.79* MMstb • 50% equity holder • Targeting reserves increase of 3.13* MM
Slide 5: Cliff Head Renewal Project - Overview
Cliff Head Renewal Project - Overview Mentelle Updip THREE key opportunities identified to progress to CH13 Attic the project: 1. Material increase in reserves West High 2. Step change in production 3. Asset life extension beyond 2030 1. CH11 workover to convert to an oil producer • $3m for initial
Slide 6: Cliff Head Renewal Project - Drilling programme
Cliff Head Renewal Project - Overview Drilling programme 5 Production wells (green) Cliff Head Platform • Jack-up rig Exploration/appraisal CH11 Water injector cantilevered over Cliff wells (grey) to be converted to oil production head Platform • West High and SE Nose are extended reach development
Slide 7: Mentelle
Mentelle Updip Mentelle-1 Oil shows in D3 reservoir M1 drilled off structure, limited seismic when drilled 3.3 MMstb Best Estimate Prospective Resource Evaluating drilling without further seismic acquisition additional seismic is high cost Can be developed from Cliff Head platform Updi
Slide 8: Resource Summary WA-31-L Cliff Head
Resource Summary WA-31-L Cliff Head **The estimated quantities of petroleum that may potentially be recovered by the application of future development projects relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further explorati
Slide 9: Extending the economic field life of Cliff Head infrastructure
Extending the economic field life of Cliff Head infrastructure ead Gross (TEG equity share 78.75%) • Current reserves* 1.71MMstb • The Cliff Head Renewal Project has additional 2C Contingent Resource of 3.13* MMstb • Contingent Resources that pass Final Investment Decision (“FID”) will transfer to R
Slide 10: Perth Basin Growth Strategy
Perth Basin Growth Strategy TP/15 Xanadu Oil Field (TEG 45%) Confirmed oil discovery Xanadu 3D Seismic Grid – acquired Triangle has a 45% interest in the TP/15 Joint Venture Xanadu-1 was drilled as a deviated well, from an onshore UPDATE WITH surface location to an offshore target, TD at 2035m
Slide 11: TP/15 Xanadu
TP/15 Xanadu Substantial additional prospectivity in TP15 Xanadu West Xanadu C Xanadu FTG anomaly Xanadu oil discovery extends the petroleum system to the south of TP/15 West Xanadu West Xanadu leads West Xanadu Infill 2D seismic program being evaluated to define these for drilling South X
Slide 12: State Gas Limited (ASX:GAS)
State Gas Limited (ASX:GAS) TEG trading at less than value of State Gas Shares 33.34% equity interest worth ~$ 36.4 million (at ~$0.76 per share 18-11-19) GAS holds an 80% interest and is the Operator of the Reid’s Dome Gas Project (PL231) in the Bowen Basin QLD (47,830,148 shares) Successfully
Slide 13: Wrap-up: Launching into growth
Wrap-up Launching into growth ……with new drilling for the next wave of Has set up the Company for production and asset life growth in 2020 growth in 2021/22 Our work in 2019 Increasing near term production at Cliff Drilling campaign (SE Nose, West High, Mentelle, others) Increasing equity to 45%
Slide 14: Notes Regarding Contingent and Prospective Resources
Notes Regarding Contingent and Prospective Resources The Contingent Resources for the Cliff Head asset are held under the Production Licence WA-31-L in which Triangle holds a net equity share of 78.75%. Some of these Contingent Resources were previously reported as Prospective Resources (Triangle
Slide 15: 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
Slide 16: Triangle Energy (Global) Limited (ASX:TEG)
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 16
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