HYTERRA LTD — AGM Information 2015

Apr 23, 2015

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**Triple

Energy
Ltd**

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Shareholders Meeting – 24 April 2015

www.tripleenergy.net

Disclaimer

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All
statements,
other
than
statements
of
historical
fact,
contained
in
this
presenta7on
cons7tute
“forward-­‐looking
statements”
and
are
based
on
the reasonable
expecta7ons,
es7mates
and
projec7ons
of
the
Company
as
of
the
date
of
this
presenta7on.
Forward-­‐looking
statements
include,
without limita7on,
possible
events,
trends
and
opportuni7es
and
statements
with
respect
to
possible
events,
trends
and
opportuni7es,
including
with
respect to,
among
other
things,
global
market
trends,
expected
industry
demands,
the
Company’s
business
strategy
and
investment
criteria,
the
nature
of poten7al
business
acquisi7ons,
costs
and
7ming
of
business
acquisi7ons,
capital
expenditures,
successful
development
of
poten7al
acquisi7ons, currency
fluctua7ons,
government
regula7on
and
environmental
regula7on.
The
words
“poten7al,”
“possible”,
“probable,”
“plans,”
“expects,”
or
“does not
expect,”
“is
expected,”
“budget,”
“scheduled,”
“es7mates,”
“forecasts,”
“intends,”
“an7cipates,”
or
“does
not
an7cipate,”
or
“believes,”
or varia7ons
of
such
words
and
phrases
or
statements
that
certain
ac7ons,
events
or
results
“may,”
“could,”
“would,”
“might,”
or
“will
be
taken,”“occur” or
“be
achieved”
and
similar
expressions
iden7fy
forward-­‐looking
statements.
Forward-­‐looking
statements
are
necessarily
based
upon
a
number
of es7mates
and
assump7ons
that,
while
considered
reasonable
by
the
company
as
of
the
date
of
such
statements,
are
inherently
subject
to
significant business,
economic
and
compe77ve
uncertain7es
and
con7ngencies.
The
es7mates
and
assump7ons
contained
in
this
presenta7on,
which
may
prove to
be
incorrect,
include,
but
are
not
limited
to,
the
various
assump7ons
of
the
company
set
forth
herein.
Known
and
unknown
factors
could
cause actual
results
to
differ
materially
from
those
projected
in
the
forward-­‐looking
statements.
Such
factors
include,
but
are
not
limited
to
fluctua7ons
in global
supply
and
demand,
changes
in
compe77ve
pressures,
including
pricing
pressures,
7ming
and
amount
of
capital
expenditures,
changes
in
capital markets
and
corresponding
effects
on
the
company’s
investments,
changes
in
currency
and
exchange
rates,
unexpected
geological
or
environmental condi7ons,
changes
in
and
the
effects
of,
government
legisla7on,
taxa7on,
controls
and
regula7ons
and
poli7cal
or
economic
developments
in jurisdic7ons
in
which
the
Company
carries
on
its
business
or
expects
to
do
business,
success
in
retaining
or
recrui7ng
officers
and
directors
for
the future
success
of
the
Company’s
business,
officers
and
directors
alloca7ng
their
7me
to
other
ventures;
success
in
obtaining
any
required
addi7onal financing
to
make
target
acquisi7on
or
develop
an
acquired
business;
employee
rela7ons,
and
risks
associated
with
obtaining
any
necessary
licenses
or permits.
Many
of
these
uncertain7es
and
con7ngencies
can
affect
the
Company’s
actual
results
and
could
cause
actual
results
to
differ
materially
from those
expressed
or
implied
in
any
forward-­‐looking
statements
made
by,
or
on
behalf
of,
the
Company.
There
can
be
no
assurance
that
forward-­‐looking statements
will
prove
to
be
accurate,
as
actual
results
and
future
events
could
differ
materially
from
those
an7cipated
in
such
statements.
All
of
the forward-­‐looking
statements
made
in
this
presenta7on
are
qualified
by
these
cau7onary
statements.
These
factors
are
not
intended
to
represent
a complete
list
of
the
factors
that
could
affect
the
Company.
The
Company
disclaims
any
inten7on
or
obliga7on
to
update
or
revise
any
forward-­‐looking statements
whether
as
a
result
of
new
informa7on,
future
events
or
otherwise,
or
to
explain
any
material
difference
between
subsequent
actual
events and
such
forward-­‐looking
statements,
except
to
the
extent
required
by
applicable
law.
The
forward-­‐looking
statements
set
forth
herein
are
for
the purposes
of
providing
poten7al
investors
with
informa7on
concerning
the
Company’s
future
business
plans
in
order
to
assist
poten7al
investors
in determining
whether
or
not
to
invest
in
subscrip7on
receipts
of
the
Company
and
may
not
be
appropriate
for
other
purposes.
The
reader
is
cau7oned not
to
place
undue
reliance
on
forward-­‐looking
statements.

2

Triple Energy Overview

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Capital
Structure Shares
on
issue
-­‐
now ~793m Shares
to
be
on
issue
post
BSP
transac7on
(including
drilling
services ~1,837m BSP
holding
of
TNP
–
post
approval
BSP
transac7on
and
subject
to
issue
of
all ~57% Performance
Shares.

Project

• Coal
Mine
Gas
Extrac7on
acreage
in
China
up
to
~
2,700km2
–
over
four
areas

• 80%
  profit
  interest
  in
  Coopera7ve
  Joint
  Venture
  (“JV”)

• JV
  with
  one
  of
  China’s
  largest
  coal
  miners,
  LongMay
  (Gov’t
  owned)

• 1
  x
  well
  drilled
  July
  2013
  –
  well
  intersected
  63m
  of
  coal
  seams
  with
  gas,
  DST
  was
  successful

• 2
  x
  addi7onal
  wells
  in
  planning
  for
  Q2
  2015
  –
  desorp7on
  coring,
  fraccing
  &
  pilot
  produc7on
  tes7ng

3

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Structure
of
Blue
Sky
Shares
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Escrow Date Escrowed Total Shares on issue before 24 April 2015 mee7ng 793m Sharesplaced to Blue Skybefore mee7ngat $0.005 (19.9%) 9 Dec 2015 158.0m 158.0m Shares to beplaced to Blue Skyaier this mee7ngat $0.006 Tradable 208.3m Performance Shares to be issued for drilling 2 x wells 12 months from comple7on of drilling services 595.2m 595.2m Conversion of loan to CFT for drilling prepara7ons Tradable 83.3m TOTAL 753.2 1,837.8m	Escrow Date Escrowed Total Shares on issue before 24 April 2015 mee7ng 793m Sharesplaced to Blue Skybefore mee7ngat $0.005 (19.9%) 9 Dec 2015 158.0m 158.0m Shares to beplaced to Blue Skyaier this mee7ngat $0.006 Tradable 208.3m Performance Shares to be issued for drilling 2 x wells 12 months from comple7on of drilling services 595.2m 595.2m Conversion of loan to CFT for drilling prepara7ons Tradable 83.3m TOTAL 753.2 1,837.8m	Escrow Date Escrowed Total Shares on issue before 24 April 2015 mee7ng 793m Sharesplaced to Blue Skybefore mee7ngat $0.005 (19.9%) 9 Dec 2015 158.0m 158.0m Shares to beplaced to Blue Skyaier this mee7ngat $0.006 Tradable 208.3m Performance Shares to be issued for drilling 2 x wells 12 months from comple7on of drilling services 595.2m 595.2m Conversion of loan to CFT for drilling prepara7ons Tradable 83.3m TOTAL 753.2 1,837.8m	Escrow Date Escrowed Total Shares on issue before 24 April 2015 mee7ng 793m Sharesplaced to Blue Skybefore mee7ngat $0.005 (19.9%) 9 Dec 2015 158.0m 158.0m Shares to beplaced to Blue Skyaier this mee7ngat $0.006 Tradable 208.3m Performance Shares to be issued for drilling 2 x wells 12 months from comple7on of drilling services 595.2m 595.2m Conversion of loan to CFT for drilling prepara7ons Tradable 83.3m TOTAL 753.2 1,837.8m
	Escrow Date	Escrowed	Total
Shares on issue before 24 April 2015 mee7ng			793m
Sharesplaced to Blue Skybefore mee7ngat $0.005 (19.9%)	9 Dec 2015	158.0m	158.0m
Shares to beplaced to Blue Skyaier this mee7ngat $0.006	Tradable		208.3m
Performance Shares to be issued for drilling 2 x wells	12 months from comple7on of drilling services	595.2m	595.2m
Conversion of loan to CFT for drilling prepara7ons	Tradable		83.3m
TOTAL		753.2	1,837.8m

Board – Post Shareholders Meeting

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Tommy
Cheng Non-­‐Execu7ve
Chairman

• Chairman
Blue
Sky
Power
(6828
HK)

• CEO
of
New
Times
Energy

• Paul
Underwood Chartered
Accountant,
founder
of
Tap
Oil,
30
years
in oil
and
gas
explora7on
and
produc7on Managing
Director/CEO

Po
(Paul)
Chan Execu7ve
Director

• Chartered
  Accountant,
  Director
  of
  Afan7
  asset Management
  Hong
  Kong,
  ex
  Price
  Waterhouse, Sydney

Garry
Ralston Non-­‐Execu7ve
Director

• Co
  founder
  of
  Finance
  &
  Systems
  Technology
  (FAST) and
  Select
  Mortgage
  Services

5

**Group

OrganisaQon
Chart**

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Blue
Sky
Power
Ltd (HKSE
6828) ~
54%
of
TNP

Triple
Energy
Ltd (ASX
TNP) 100%
of
CFT
HK

CFT
Heilongjiang
HK Ltd 80%
Profit
Interest in
Aolong
JV

Aolong
Joint Venture
-­‐
China

6

**Blue

Sky
Power
Group
InvesQng
in
TNP**

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• Blue
  Sky
  Power
  Group
  (“BSP”)
  is
  inves7ng
  ~
  A$6m
  in
  TNP

• Placements
  of
  ~A$2m

• Conver7ble
  loan
  of
  A$500k

• Drilling
  services
  –
  2
  x
  wells
  at
  a
  cost
  of
  ~A$3.5m

  • Payable
    in
    Performance
    Shares
    in
    TNP

• $750k
  preferen7al
  alloca7on
  to
  exis7ng
  shareholders

• BSP
  business
  model
  ver7cally
  integrated
  gas
  business
  in
  China

• Gas
  produc7on
  via
  TNP
  and
  sales/distribu7on
  via
  BSP

7

**About

Blue
Sky
Power
Holdings
Ltd
(HKSE
“6828”)**

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• Blue
  Sky
  Power
  (“BSP”)
  listed
  on
  Hong
  Kong
  and
  Singapore
  Stock
  Exchanges – Capitalised
  at
  ~
  A$400m
  on
  HKSE
  (“HKSE
  lis7ng
  code
  6828”)

• • BSP
  has
  a
  strategy
  for
  gas
  distribu7on/sales
  in
  China – Has
  recently
  acquired
  numerous
  gas
  distribu7on
  assets
  in
  China

• • BSP
  Chairman,
  Tommy
  Cheng
  is
  also
  Chairman
  of
  TNP

• • BSP
  has
  many
  contacts
  and
  rela7onships
  in
  China

– More
gas
asset
acquisi7ons
are
under
discussion

• BSP
is
considering
dual
lis7ng
of
TNP
in
Hong
Kong
–
subject
to
TNP
mee7ng necessary
qualifica7ons

8

**Blue

Sky
Power
Holdings
Projects
in
China**

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9

Heilongjiang Coal Mine License Areas

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HEILONGJIANG
Up
to
2,700km2
acreage
1.
Hegang
mines
2.
Shuan
Ya
Shan
mines
3.
Qi
Tai
He
mines
4.
Ji
Xi
mines
----- End of picture text -----

10

Work Programme – Q2/3 - 2015

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• Drill 2[nd] well in Hegang Area - acquire core, desorp analysis fracc

• Drill 3[rd] well in Hegang Area - acquire core, desorp analysis, fracc

• Establish pilot gas production (6 months) from both new wells

• Commence work to calculate contingent resources/reserves

• Evaluate other areas in Aolong JV

11

**Share

Price
Catalysts**

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• Funding
  now
  resolved

• First
  well
  proved
  movable
  gas
  and
  very
  thick
  coal
  seams

• Next
  wells’
  objec7ves
  =
  prove
  commerciality

• 2
  x
  wells
  will
  be
  drilled
  and
  produc7on
  tested
  in
  Q2-­‐3
  this
  year

• Huge
  scalability
  with
  Aolong
  JV
  acreage

• BSP
  as
  parent…
  likely
  to
  bring
  new
  deal
  flow

12

Contact Details

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www.tripleenergy.net

**Head

Office
–
Perth**

Paul
Underwood Spectrum
100
Building Ground
Floor,
Unit
6,
100
Railway
Road
Subiaco
WA
6008 PERTH
WESTERN
AUSTRALIA Phone
+61
8
9382
2322 underwoodpw@tripleenergy.net

**Beijing

Office**

Level
5,
unit
503,
Lido
Office
Tower, Lido
Place No
6
Jiangtai
Road Chaoyang
District Beijing
100004

13