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Triangle Energy (Global) Limited (ASX Code: TEG)
Corporate Presenta�on September 2011 1
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§ 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 accuracy of the material in the presenta�on, the presenta�on is provided for informa�on purposes only, Triangle Energy (Global) Ltd, the wholly-‐owned subsidiary, Triangle Pase Inc., its officers and management exclude and disclaim any liability in respect of anything done in reliance on the presenta�on.
§ The presenta�on may contain forward looking statements that are subject to risk factors associated with the oil and gas business, many of which are beyond the control of Triangle Energy (Global) Ltd. It is believed that the expecta�ons reflected in those statements are reasonable but they may be affected by a variety of variables and changes in underlying assump�ons which could cause actual results or trends to differ materially from those expressed or implied in such statements. No assurance or guarantee, is or should be taken to be, given in rela�on to the future business or performance or results of Triangle Energy (Global) Ltd or the likelihood that the assump�ons, es�mates or outcomes will be achieved.
§ The material provided to you does not cons�tute an invita�on, solicita�on, recommenda�on or an offer to purchase or subscribe for securi�es.
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Important no�ce F
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Agenda
1 Corporate Overview
2 Pase Fields
3 Explora�on opportuni�es
4 Acquisi�on opportuni�es
5 Corporate Social Responsibility
3
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Experienced Board and Management team
Cashflows from gas produc�on at the Pase Fields which have: substan�al remaining gas reserves established gas infrastructure proximity to strong domes�c and LNG energy demand markets; a�rac�ve LNG pricing premiums; and excellent explora�on and development opportuni�es
Current Board and Management focus is on: increasing gas produc�on; growing cashflows and profits; pursuing the explora�on & acquisi�on opportuni�es; and renewing the Pase PSC
Corporate overview F
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Corporate profile -‐ ASX performance
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Shar
e Pr
ice
(AU
D/Sh
are)
Volu
me
(m)
Volume Share Price
TEG Share Price and Volumes
ASX Trading Sta�s�cs & Financials
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Experienced team Management team
Robert Lemmey Country Manager -‐ Indonesia
Tony Anson Drilling Manager
Joseph Oravetz Explora�on Manager
Djakfa Husein Aceh government
rela�ons
Joe Abshire Civils Engineer
John Towner Execu�ve Chairman Duncan Nu�all Chief Execu�ve Officer
Charles Beales & Stuart Liddle Field Managers
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§ 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
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Triangle Energy’s experience F
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§ 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
§ CGR: ~3 bbl/MMcf
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Pase history F
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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 GIIP of the Pase fields to be most likely 590 Bcf and remaining reserves 119 Bcf • The current es�mate by BPMIGAS is 79 Bcf (value at current prices ~$700m) RESERVES (BCF)
GIIP Pore
GIIP Fracture
GIIP Total
Pase A&B 265 325 590
Recovery Factor %
10 85
Recoverable 27 276 303
Cumula�ve 184
Remaining 119 For
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§ 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
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Pase PSC F
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§ 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)
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Pase produc�on op�misa�on
§ Comple�on run in A2 (2011) and prepara�ons underway to commission this well (original DST rates >20 MMcf/d from two separate reservoirs)
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PSC Revenue
§ Gas
§ FY 2010: $13.4M
§ FY 2011: $14.1M
§ Condensate
§ FY 2011: $2.8M
86%
14%
Gas revenue split
Triangle Pase Inc
Government of Indonesia
* Current PSC terms and using cost recovery pool
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Arun LNG contracts un�l 2014 Strong SE Asia LNG demand Strong domes�c gas demand
3 Fer�liser plants Local energy
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Aceh gas markets F
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§ The Pase Field consists of a fractured carbonate/clas�c/basement reservoir
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Regional geology
Schema�c diagram of Major Play Types and Traps near the Pase PSC
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Observed coastal onlap & litho-‐strat units
N13
N16
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GLOBAL EUSTATIC CURVE (HAQ, et al, 1986 ) PLANK. FORAM ZONE
SEISMIC
BLUE
ROSE
LT GREEN
VERMILLION
DK GREEN
N18
N20/19 4
AGE
U P PER
FORMATION MEMBER MARKER MY
PLIOCENE LOWER
RISE
MARINE SHALES
150 M 100 M 50 M 0 M -‐50 M NORTHEAST SOUTHWEST
BROWN
PURPLE
PINK (UEP-‐1)
PINK
KEUTAPANG SST
MIDDLE BAONG SST
LOWER BAONG SST
PEUTU LST (BUILDUP)
PEUTU LST (PLATFORM)
PEUTU SHALE
PALEOGENE LACUSTRINE SHALE
EOCENE SST
BAONG SHALE
BAMPO SHALE
UPPER BELUMAI SST
TAMPUR DOL/ SIGLI LST
MIDDLE SST SH
DUYUNG SST
LEMURU SST
L. KEUTAPANG SST
LITHOSTRATIGRAPHY
LOWER BELUMAI SST
MEU
CAM
PLI
KEUTA
PANG FM
LOWER LST
UPPER LST
SEURULA FM
JEUKU TAMIANG LST
OLIGOCENE SST
SLS LST
TECTONISM STAGE EVENTS
L A T E S A G
SERIES FALL
KUALA MUKU SST
BESITANG RIVER/SEMBILAN SST
MIDDL
E
LOWER
UPP
ER
LOWER
OLIGO
CENE
UPP
ER
EOCENE & OLDER
N17
N15 N14
N12
N11
N10 N9
N8
N7
N6
N5
N4
P22
P21
P20/19
P18
P17
P16
P15
TOWARDS BARISAN MOUNTAINS TOWARDS MALACCA PLATFORM
COMPOSITE CURVE REFLECTING ONLAP AND ASSOCIATED
RELATIVE CHANGE OF COASTAL LITHOFACIES FOR NORTH SUMATRA BASIN
EOCE
NE
MIOCE
NE
CONDENSED SECTION
SIGLI LST TAMPUR DOL
MEU
CAMPLI
BIREUN SST
RANONG SST JEUKU SST
ONLAP
BRUKSAH FM
ONLAP CURVE MALACCA PLATFORM
WEST OF RAYEUHINGE
ONLAP CURVE MALACCA PLATFORM EAST OF RAYEUHINGE
S. LHO SUKON SST
BAMPO FM
BELUMAI FM
PEUTU FM PEUTU SH LOWER PEUTU SH
ASAHAN SST
DUYUNG SST LEMURU SST
PAYA BUJUK SST BESITANG RIVER/ SEMBILAN SST
LOWER KEUTAPANG SST
BAONG FM
KEUTAPANG FM
SEURULA FM
ONLAP
UPPER PEUTU LST
PEUTU LST ONLAP
ONLAP
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? ?
? ?
BAONG FM
PEUTU FM
BELU
MAI FM
BAMPO
FM
BRUKS
AH FM
MEUCAMPLI FM
ASAHAN SST
JEUKU LST
RANONG SST
BIREUEN SST
* Ba
risan
upl
i�in
g in
sout
h sa
ggin
g in
nor
th.
* De
ep-‐s
eate
d th
rus�
ng, g
ravi
ty-‐d
riven
faul
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S
hale
swel
ling,
and
inve
rsio
ns a
ccom
pany
ing
upli�
.
S A G / T I L T
EARLY SA
G L A T E R
I F T
M I D D L E R
I F T
E A R L Y R
I F T
PRE -‐ RIFT
* Co
n�nu
ing
ther
mal
sag.
*
Grad
ual W
and
SW
ba-‐
s
in �
l�ng
. *
Con�
nuin
g ex
tens
ion
&
inv
ersio
n in
tran
sfer
z
ones
.
* O
nset
of t
her-‐
m
al sa
g.
* Te
cton
ic q
uis-‐
c
ienc
e.
* O
nset
of s
ea-‐
floo
r spr
eadi
ng
of A
ndam
an se
a
* Di
min
ishin
g ri�
ing
and
loca
l inv
ersio
n.
* N
7 un
conf
orm
ity b
y th
erm
al u
pli�
and
e
usta
�c ri
se.
* Lo
cal i
nver
sion
in so
me
pull-‐
apar
t g
rabe
ns.
* Fo
rma�
on o
f Sum
atra
Hai
nzee
-‐Sag
aing
f
ault.
*
Con�
nuin
g co
n�ne
ntal
gra
ben
fill w
ith
mar
ine
tran
sgre
ssio
n at
late
r sta
ge.
* In
ita�o
n of
N-‐S
& N
E-‐SW
ext
ensio
n fa
ults
. *
Form
a�on
of N
W -‐
SE p
ull-‐a
part
gra
bens
. *
Wid
espr
ead
con�
nent
al d
epos
i�on
.
* O
nset
of b
asin
r
i� (4
2 m
ya ?
).
REEFAL CARBONATES
SHALLOW MARINE CARBONATES
VOLCANIC OR IGNEOUS ROCKS
MARINE MARLY SHALES
MARINE SANDSTONES
CONTINENTAL/ MARGINAL MARINE CLASTICS (W/COALSEAMS)
METAMORPHICS ROCKS
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§ 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
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Explora�on upside F
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Pase seismic re-‐processing
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Pase seismic re-‐processing
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SLS-‐D opportunity (Pase field)
Top Reservoir TWT Map SLS 3D Survey
§ 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 reservoir extends into the Pase block.
Peutu Carbonate
Lead
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B90-‐451/BP-‐226 Arbitrary line TPI Brute stacks – Close to SLS-‐D field
Pase A-9 Pase A-3
Line B90-451 BP87-226
NW SE NE
Green line Previous Interpreta�on
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Aceh acquisi�on opportunity
#
#
SUM N OFF 02
SUM N B
SUM N B
PASE
PASE
NSO J
NSO A
ARUN
NSO R
KUALA LANGSA
ALUR SIWAH
NSO N
JULU RAYEU
JAMBU AYE UTARA
RAYEU
GURAME
TUALANG
SALEM
NSO K
SOUTH LHO SUKON APEUDAWA
PEULALU
NSO L
TERIPANG
LEMURU
PERLAK
PEUSANGAN B
BAGORAYEU B
ALUR CIMON SE
CUNDA
BATAIEE TABEUE
NSO U
PASE A
ARUN LNG PLANT
0
-100
-200
-300
-400-500
-1000
-100
-100
98°0'0"E
98°0'0"E
97°30'0"E
97°30'0"E
97°0'0"E
97°0'0"E
'0"N 6°0'0"N
'0"N 5°30'0"N
'0"N 5°0'0"N
97°0'0"E
5°0'0"N
97°0'0"E
5°30'0"N
97°0'0"E
6°0'0"N
97°30'0"E
5°0'0"N
97°30'0"E
5°30'0"N
97°30'0"E
6°0'0"N
98°0'0"E
5°0'0"N
98°0'0"E
5°30'0"N
98°0'0"E
6°0'0"N
Pase, Block-B, and NSO Blocks - North Sumatra
0 10 20 30 405Kilometers
4
LegendBATHY_L
TPI Pase PSC
ExxonMobil Block-B
ExxonMobil NSO
ExxonMobil announced August 2011 planned sale of Aceh assets: NSO PSC NSO fields Block B PSC Arun field SLS field
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>40 Acehnese employees & contractors
Excellent staff reten�on rates
§ Zero accident safety record
Local employer of choice F
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Board and management team with extensive commercial, development and opera�onal experience in the oil and gas industry
Produc�on op�misa�on strategies employed since July 2009 with resul�ng gas and cashflows
The Pase A & B Fields have:
substan�al remaining gas; established gas infrastructure; close proximity to strong domes�c and LNG energy demand markets; a�rac�ve LNG pricing premiums; and excellent explora�on and development opportuni�es
The Company's focus is on: increasing gas produc�on by infill drilling and well work-‐overs; pursuing near field explora�on opportuni�es; growing cashflows and profits; Pursuing acquisi�on opportuni�es; and renewing the Pase PSC
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Summary F
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Contact
Perth Triangle Energy (Global) Limited Unit 7 589 S�rling Hwy Co�esloe WA 6011 Australia T: + 61 (0) 8 9284 8300 M: + 61 (0) 418 808 290 F: +61 (0) 8 9385 5184 John Towner, Execu�ve Chairman Duncan Nu�all, Chief Execu�ve Officer
Jakarta Triangle Pase Inc Plaza Bumidaya, Floor 18 Jl Imam Bonjol No. 61 Jakarta Pusat 10310 Indonesia T: + 62 21 3193 1761 F: + 62 21 230 1523 Rob Lemmey Country Manager – Indonesia
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