EDEN INNOVATIONS LTD — AGM Information 2011

Oct 30, 2011

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ANNUAL GENERAL MEETING

31 October 2011

Greg Solomon Chairman

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Corporate Structure

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Eden Energy Ltd
(AUSTRALIA)
Clean Energy Energy Production
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% 50%/100% (Suspended) 100%
(Suspended)
(IPO planned)
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Current Clean Energy Products

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•

Pyrolysis Project - Solid Carbon and Hydrogen Production without CO2

• Single Walled Carbon Nanotubes (SWCNT)

• Multi Walled Carbon Nanotubes (MWCNT)

• Carbon Nanofibres ( CNF )

•

Hythane® - India and US

•

OptiBlend® Dual Fuel - India and US

January 2011

Current Energy Projects

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UK- CBM - Coal Bed Methane JV-50% (2100km2) UK- Shale/ - Shale Gas/Conventional Gas JV-50% (2100km2) Conventional SA Natural Gas - Untested natural gas target (100km x 10km)

• 100% -Obligations suspended for 12 months SA Geothermal - 100% -Obligations suspended 12 months

January 2011

Pyrolysis Project – Eden 100%

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Low Cost Production of Carbon Fibres/Nanotubes and H2 from CH4

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• New process developed with UQ

• Patent applications lodged -over 50 countries

• No CO2 – H2 becomes a high value byproduct

• Produces hydrogen and single /multi-walled

• carbon nanotubes and carbon fibres

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• tensile strength up to 200-300 times steel

• approx 17% the weight of steel

• structural /electrical/ thermal qualities

• Scale -up by Eden in US - encouraging results

• Commercial prototype is operational in US

January 2011

Eden Energy CNT/ CNF Production

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Hydrogen Product
Catalyst Feed Reactor
Natural Gas Supply Hydrogen
CH4 C ar b on
CNT’s
Inert
Gas
Carbon Product
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Pyrolysis Project Summary

• New Cost Competitive Technology being developed in US - Catalyst Formulae and production of MWCNT and CNF

• Commercial scale reactor operational in US

• Provisional patent applications lodged

• Products – (from natural gas with catalyst)

• MWCNT – super-strong/ electrical/thermal conductivity - CNF – compressive strength/ electrical/thermal conductivity - Hydrogen

January 2011

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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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Commercial Scale Reactor Operational

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January 2011

Commercial Scale Reactor Operational

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January 2011

Commercial Scale Reactor Operational

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January 2011

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Eden MWNT Catalyst Yield

(Shown in grams carbon per grams catalyst)

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January 2011

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CNT Market Projected Growth

• Current- estimated at approx 2000 tpa

- Largest producer- 500tpa

• 3 producers – 200 tpa each

• Rapidly expanding market

• Many new emerging applications

• Structural (composite materials/ concrete/ tyres)

• Electrical ( conduction and storage)

• Compounding growth estimated at more than 11%pa

January 2011

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Eden's Targets for 2011

• 30 tpa unit operational August 2011

• Full scale commercial unit (100-250tpa) by Oct 2011

• Produces MWCNT/ CNF for following target markets:

- Concrete / Composite plastics

• compressive/tensile strength/electrical and thermal qualities

• - Electrical Applications

• batteries, electronic paper, conductive paint and coatings

- Tyre manufacturing

• to extend life of tyres and reduce weight

January 2011

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MWNT Current US Market Prices

(20-30nm diameter, >85% wt. purity)

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Prices are anticipated to drop with increasing order size and increasing supply

January 2011

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Commercialisation of Nano-carbon fibres

• Existing Sales of CNF and MWCNT achieved

• for batteries and electronic paper

• Distributors marketing Eden's MWCNT in bulk quantities

• • l f addi i l li i b i dertaken:

• Deve opment o t ona app cat ons e ng un

• Concrete / Composite plastics

  • for compressive strength and electrical and thermal qualities

• Tyre manufacturing

  • to extend life of tyres and reduce weight

January 2011

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

• Premium blend of Natural Gas

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

• Ultra-low emissions – 50% NOx /CO - 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
Output of pollutants (grams per mile) of Natural Gas versus Hythane®. Source: Colorado Department of Health
ONS, GRAMS/MI.
HOT 505 EMISSI
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History of Hythane® in India

• Extreme air pollution – Govt push to reduce pollution

• 2006 Indian hydrogen roadmap - proposes HCNG 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 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
January 2011
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 January 2011

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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

• Huge cost savings

• 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

• Eden India cash flow positive

• Target to make Eden cash flow positive within 18 months

October 11January 2011

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OptiBlend- Indian Installation

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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

October 11January 2011

Energy Assets

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

50% Joint venture (with Coastal Oil and Gas) -17 Licences - 100% - 3 licences

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UK Gas Asset Overview

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• Spinout underway – ASX IPO - Adamo Energy Ltd – proposed $11m raising when appropriate

• Large UK landholding – 50% interest in 17 licences/ 100% in 3 Licences

• 2,100km2 (510,000 acres) gross approx-– South Wales, Bristol and Kent

• Shale Gas Resource (Source: RPS Dallas independent expert report)

• GIIP P50 = 49.8 tcf (Gross) : Eden 24.9 tcf (Net)

• Prospective Recoverable Resource P50 = 18.3 tcf (Gross) : Eden 9.2 tcf (net)

• CBM Resource (Source: RISC independent expert report)

• Prospective Resource P50 = 3.1 tcf (Gross) : Eden 1.4 tcf (net)

– Contingent Resource South Wales 2C = 980 bcf (Gross) : Adamo 332 bcf (net) Tcf (net Eden) GIIP 2C 3C Prospective (P50) Resource (P50) CBM 3.2 0.3 0.5 1.4 Shale Gas 24.9 9.2

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Management Team

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Simon Gorringe – Technical Manager (UK)

• Chemical engineer with 30+ years in upstream and downstream oil & gas industry

• Senior technical and management roles including BG Group, BHP Petroleum, Conoco etc

Other Technical Support- CH+ Dr Tim Dibb - Geology/ Geophysics Manager Trevor Ridley - Petroleum Engineering Darrell Girgent i- Drilling Manager Dr Scott McKelvie - OHS/ Environmental

• Current Exec director CH+ (UK)

Christopher Newport – Commercial Support

[

• Chartered Accountant -25 years experience in oil and gas

• Senior commercial and management roles including Santos, BHP Petroleum, Delhi petroleum

• Current commercial director CH+ (UK)

UK Gas Market

June 2011 National Balancing Point (NBP) gas price of ₤0.59/therm (US$9.50 / mmbtu; A$9.50 / GJ)

Price volatility strongly tied to seasonal demand shifts, supply fluctuations and storage capacity constraints

North Sea in decline

UK is net im orter of etroleum with rowin p p g g dependence on imported gas (Qatar & Russia

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• Major customers situated on gas licences in South Wales (steel mill, paper mill, insulation factory)

• Milford Haven LNG terminal and major pipeline and energy network nearby

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Capital Structure 31 October 2011

ASX Code: EDE Total Shares: 240m Share Price: $0 062. Market Capitalisation $14.88m Cash and Receivables $1.1m

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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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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 new markets and products such as carbon nanotubes and fibres and 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 or that other methods of producing better and cheaper alternative products will be developed and that projected prices will not be achievable. 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 availability of the Natural Gas in India, 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 and cost increases in raw materials and labour, 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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