EDEN INNOVATIONS LTD — AGM Information 2010

Nov 18, 2010

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AN EMERGING GLOBAL CLEAN ENERGY COMPANY AGM Presentation

19 November 2010

Greg Solomon Chairman

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Corporate Structure

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Eden Energy Ltd
(AUSTRALIA)
Eden Innovations Ltd
(Ireland) Energy Assets
100%
Hythane Terratherma
Company Pyrolysis Coal Bed Natural Gas
LLC Eden Energy and Gas to Methane/Shale South Australia (Geothermal)
India Pvt Ltd South Australia
Gas (AUS)
(USA) Liquids
(India) (Wales, UK) 100% (AUS)
100% Technology
100% 100%
100% 50% (Suspended)
(Suspended)
(IPO planned)
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Current Clean Energy Products Hydrogen and Solid Carbon Nantotubes Project without CO2

• Developed with University of Queensland (Eden-100%)

• Scale-up to commercial prototype underway at Hythane Company in USA - Produces hydrogen/ solid carbon nanotubes/ nanofibres from natural gas - Patent applications lodged in over 50 countries Hythane®

• Premium blend of natural - 5-7% H2 (by energy)

• High efficiency ( <15% better than NG) , ultra-low emissions (< 50% reduction) - Patented blender for mixing the gas

• Engine calibrations

• Building/operating refueling stations in US / India

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Current Clean Energy Products OptiBlend® Dual Fuel

- Operates diesel engines on natural gas/Hythane® and diesel

• Initial sales and emerging cash flow in India and US

Methane Gas to Liquid Project with Hydrogen By-product

• Developed with University of Queensland (Eden-100%)

• Australian Research Council Funding

• Patent application lodged- encouraging progress

Hydrogen Internal Combustion Engine

• US patented, ultra-high efficiency, ultra-low emission IC engine

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Current Energy Projects UK- CBM - Coal Bed Methane JV-50% (1400km2)

• Coal Bed Methane JV-5% (400km2)- Centrica

• Potential for 1-4 tcf CBM gas

UK- Shale/ Conventional - Shale Gas/Conventional Gas JV-50% (1800km2)

• Basins interpreted as part of Appalachian Basin

• Potential for significant amounts of shale gas SA Natural Gas - Untested natural gas target (100km x 10km) - 100% -Obligations suspended for 12 months SA Geothermal - 100% -Obligations suspended 12 months

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Hydrogen – Barriers to Market

• Cost of production

• Storage – hard to compress/ low energy density

• Lack of Infrastructure before market develops

The Combined Solution – Pyrolysis and Hythane® Pyrolysis - will produce low cost/low carbon footprint hydrogen and high value carbon

• Hythane®- low purity only needed- combustion stimulant

• • Small amount of hydrogen (5-7%) in natural gas – small loss of range - Will use hydrogen infrastructure with existing natural gas fleets

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Pyrolysis

Low Cost Production of H2 and Carbon Fibres/Nanotubes from CH4 � Eden 100% - New process developed with UQ

• Patent applications lodged -over 50 countries

• No CO2 – H2 becomes a high value byproduct

• � P ro d uces y h d rogen an d s ng e mu i l / lti -wa ll e d carbon nanotubes and carbon fibres

• tensile strength up to 200-300 times steel

• approx 17% the weight of steel

• structural qualities – large markets

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could replace steel/ aluminium/tungsten in vehicles, aircraft, construction etc � Scale–up by Eden commenced in US -retains 100% - encouraging results � Commercial prototype targeted for completion by end 2011 / mid 2012

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Production of H2 and Carbon Nanotubes from CH4

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TEM image of MWCNT produced at Hythane Co in Denver

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Production of H2 and Carbon Nanotubes from CH4

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TEM image of MWCNT produced at Hythane Co in Denver

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Hythane ® - the transitional fuel H � 2 + CH4 Significantly lower pollution / Higher efficiency Hythane

• Premium blend of Natural Gas - complies with natural gas standards

• 5-7% H 2 (by energy); 20% H2 (by volume)

• Ultra-low emissions – 50% NOx /CO - meets Euro V emission standards

• High efficiency - 10-15% increase in efficiency with suitable engines

• Low engine cost -only software changes to suitable engines

• ®

• Anticipated Hythane sale price ≈ 10% more than natural gas

• Tested over 15 years – adopted in Indian Hydrogen Roadmap

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Denver Hythane® Emissions Results
3
2.5
2
1.5
1
0.5
0
NG HY NG HY NG HY
THC CO NO
x
ONS, GRAMS/MI.
HOT 505 EMISSI
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Output of pollutants (grams per mile) of Natural Gas versus Hythane®. Source: Colorado Department of Health

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History of Hythane® in India

• Extreme air pollution – Govt push to reduce pollution

• 2006 Indian hydrogen roadmap - proposes Hythane® as transitional fuel

• Cost of natural gas – <60% cheaper (per GGE) than diesel Increasing supply – 5Mtpa to 25Mtpa over 5 years National rollout of pipelines and Gas distribution networks

• • 2009 First Public Hythane® station – Delhi - built by Eden

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First Public Indian Hythane® Station

Delhi January 2009

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INDIAN GAS INFRASTRUCTURE
CURRENT & FUTURE
NANGAL
BHATINDA
DELHI
BAREILLY
GURGAUN
MATHANIA AGRA AURAIYA LUCKNOW DISPUR
JAGDISHPUR
DAHEJ I & II BARMER GWALIOR KANPUR PATNA Courtesy of Gas Authority of India
10 mmtpa PHOOLPUR
KOTA JHANSI VARANASI GAYA AGARTALA LNG
UJJAIN VIJAYPUR
RAJKOT BOKARO
BHOPAL Existing
AHMEDABAD
KOLKATA
HAZIRA BHARUCH BARODA CUTTACK Upcoming
2.5 mmtpa SURAT DAMRA
BHUBANESHWAR Transmission Pipelines
MUMBAI PUNE
Existing
RAJAMUNDRY KRISHNAPATNAM
DABHOL SOLAPUR KAKINADA GAIL’s Planned Pipeline
5 mmtpa KOLHAPUR HYDERABAD RIL’s East West Pipeline
VIJAYAWADA RIL’s Planned Pipeline
GOA
NELLORE GSPC’s Planned Pipeline
ENNORE
BANGLORE
HASAN City Gas/ CNG
MANGALORE CHENNAI 2.5 mmtpa
MANGLORE Existing
2.5 mmtpa
Planned
KANJIKKOD TIRUCHCHIRAPALLI LNG Terminal
KOCHI
COIMBTORE
5 mmtpa
TUTICORIN
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INTEGRATED GRID TO LINK ANY SOURCE TO ANY MARKET
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Future of Hythane® in India

• 2011 Hythane® demonstration planned – Mumbai or Gujarat

• some delay but project still looks likely

• Objective- to establish economics of a commercial Hythane®

• Agreements signed with GSPC and GAIL, MGL

• Initially 2 buses planned and expanding to 70-90 buses

• • Duration- 18-24 months – then planned commercial rollout

• • Potential - up to 500,000 buses over 5-10 years

• Total Market - Buses, trucks, cars, auto rickshaws, locomotives

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Hythane® Economics and Revenue Model

Economics

• Hythane® production costs- approx 4-6% more than natural gas

• Increased efficiency in Hythane® engines ( 6.5%-15% targeted)

• Mar inal increase in cost of vehicles- software chan e onl g g y

• New pyrolysis process -cheaper hydrogen and Hythane® possible

Eden's projected revenue sources

• Sale or lease of stations and/or equipment

• Sale of fuel from station (solely owned or JV

• Engine conversions and royalties

• Possible carbon credits – approx 15 tonnes/year CO2 savings per bus

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Hydrogen / Hythane® at San Francisco Airport

• Alternative Fuel Station – 2011 Hydrogen fueling (by Linde) Hythane[®] fueling by Eden

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• Hythane® Vehicle Fleet

Hythane Vehicle

27 Ford E450 parking lot shuttles Vehicles certified by California Air Resources Board Some delay to date in finance but approvals now in place

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SFO Fueling Station Plot Plan

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OptiBlend Dual Fuel System

• Displaces up to 70% of diesel with natural gas in diesel engines

• Indian market – hundreds of thousands of gensets / locomotives

• Hu g e cost savin g s

• Dramatic cost savings in full and part time applications

• Payback period less than 12 months for larger gensets

• First sales of Indian and US kits – expanding with gas supplies

• Target- make Eden cash flow positive within 18-24 months

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OptiBlend-Typical Power Production Costs

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Assumptions: Diesel = $1.25/liter, Natural Gas = $10 mmbtu, Cummins K19 Genset

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Energy Assets

COAL BED METHANE/ CONVENTIONAL/ SHALE GAS (WALES, UK )

• Eden - 50% Joint venture (with Coastal Oil and Gas) -11 Licences

• 5% Joint venture (with Coastal Oil and Gas / Centrica)- 4 CSM licences

• 50% Joint venture/Farm-in (with Coastal Oil and Gas ) -4 NG Licences

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• 18 Petroleum Exploration and Development Blocks in Wales, SW England and Kent

• Coal Bed Methane (1-4 tcf estimated potential)

• 5 production test wells planned over 2-3 years

• Conventional Natural Gas Untested

• Shale Gas –Untested

• Total area 1800km[2] (500,000 acres)

• Digitised Welsh coal mine data

• High UK Gas Prices

• New joint venture company planned for 2011

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Disclaimer – Forward-looking Statements and Projections

Whilst reasonable care has been taken in compiling the forward projections in this presentation, they necessarily are based on many assumptions and factors that are beyond the control of the company and accordingly there is no representation or warranty given that these projections will be achieved. There are many uncertain market and exploration risk factors on all the projects, particularly related to the energy projects including the coal bed methane, shale gas, natural gas and geothermal projects, all of which are at very early stages of development. On the technology projects, the risks are varied, including risk that patent applications will not be granted, or another party may claim priority. In the Indian market, there are many risks which are beyond the control of the company and which could significantly impact on both the prices that are achieved , the sales turnover and the production and operating costs . These risks include delays in the rollout of the Natural Gas pipeline system and the accessibility of Natural Gas in India, limitations in the available quantities of Natural Gas, increases in the price of Natural Gas, reduction in the price of alternate fuels such as diesel, changes in Indian Government or Indian Supreme Court policies and rulings, market competition, shortages in raw materials and labour, increases in cost of labour and materials, national or international political or economic instability, problems with reliability of equipment produced and sold, warranty claims, currency fluctuations, restrictions on foreign investment, disputes with potential joint venturers, market resistance to the products or services offered, lack of available capital or finance, restrictions on international travel and similar factors beyond the control of the company. For these reasons, all potential investors and others must satisfy themselves on the reliability of these forward looking projections before acting upon any information provided to them in relation to forward looking projections, and neither the company nor any of its officers make any representations, warranties or commitments that these or any other forward projections will necessarily be achieved.

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Greg Solomon Executive Chairman Level 40, Exchange Plaza, 2 The Esplanade, Perth, Western Australia, Australia. 6000 Telephone +618 9282 5889 Mobile +614 0206 0000 Fax +618 9282 5866 Email gsolomon@edenenergy.com.au Website: www.edenenergy.com.au

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