TRIANGLE ENERGY (GLOBAL) LIMITED — AGM Information 2011

Nov 23, 2011

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Triangle
Energy
(Global)
Limited (ASX Code: TEG) 2011
Annual
General
Mee�ng Thursday 24 November 2011

1

1

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Agenda
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Welcome

**Chairman’s

Address 2**

Resolu�ons 3 Company
update 4

2

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Chairman’s
Address
-­‐
John
Towner
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3

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Chairman’s
address
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• Financial
  highlights

• Revenue
  of
  $16.8
  million

– Net
profit
of
$0.39
million

• Opera�onal
  highlights

• 3
  wells
  producing;
  A-­‐1,
  A-­‐5
  and
  A-­‐6

– Total
annual
gas
produc�on
of
1.97
billion
cubic
feet – 20
year
PSC
renewal
con�nued
through
regulatory
process � Future
outlook

4

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Formal
Business
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5

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Vo�ng
-­‐
Resolu�ons
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� RESOLUTION
1 Elec�on
of
Mr
Steve
Hamer
as
a
director

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� RESOLUTION
2 Elec�on
of
Mr
Lewis
Johnson
as
a
director

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6

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Vo�ng
-­‐
Resolu�ons
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• RESOLUTION
  3 Approval
  for
  the
  issue
  of
  up
  to
  270,000,000
  new
  fully
  paid ordinary
  shares

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�	RESOLUTION 4
	Adop�on of the remunera�on report (non-binding)
	For Against ~~201,305,750~~ 200,000	Chairman's Discre�on 3,833,877	Abstain 355,480,798

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Company
update
-­‐
Duncan
Nu�all
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Experienced
team
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**Management

team**

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John
Towner
Execu�ve
Chairman
Duncan
Nu�all
Robert
Lemmey
Chief
Execu�ve
Officer
Country
Manager
-­‐
Indonesia
Joseph
Oravetz Djakfar
Husein
Tony
Anson Joe
Abshire
Explora�on
Drilling
Manager
Aceh
government
Manager
Civils
Engineer
rela�ons
Charles
Beales
&
Stuart
Liddle
Field
Managers
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9

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Local
employer
of
choice
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• 40
  Acehnese employees
  & contractors

• � Excellent
  staff reten�on
  rates

• § Zero
  accident
  safety record

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10

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Corporate
Social
Responsibility
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2010/11
programs:

– Educa�on

• School
  refurbishment

• School
  equipment

• Teacher
  housing

• Health

• Medical
  clinics

• Water
  wells

• Relief

• Humanitarian
  aid

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Pase
Loca�on
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Malaysia

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12
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Pase
produc�on
ac�vi�es
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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)

§ 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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Pase
produc�on
and
prices
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Pase
quarterly
produc�on
and
prices
20
900
18
800
16
Pase
700
produc�on
14
600
Pase
average
12
gas
price
500
10
400
Henry
Hub
8
average
gas
price
300
6
Indonesian
200
domes�c
4
price
100
2
0
0
09Q3
09Q4
10Q1
10Q2
10Q3
10Q4
11Q1
11Q2
11Q3
Quarter
Gas
(MM
cf)
US$/Million
BTU
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Explora�on
upside
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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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Pase
exis�ng
seismic
coverage
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Pase
seismic
re-­‐processing
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;<% 8=%
829$%84%:2#1$%
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9:% .;%
./0$%.1%2/#3$%�%451%.6/78%
>=>%?97$6@A%
<;<%=0>$7?@%
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Pase
seismic
re-­‐processing
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Pase
field
infill
and
near
field
opportuni�es
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19

–
Close
to
SLS-­‐D
field

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Pase A-9 Pase A-3
NW SE NE
Green
line
Previous
Interpreta�on
Line B90-451 BP87-226
20
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SLS-­‐D
opportunity
(Pase
field)
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Peutu
Carbonate
Lead
Top
Reservoir
TWT
Map
SLS
3D
Survey
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§ 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 reprocessing suggests the SLS-D carbonate reservoir extends into the Pase block.

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Aceh
acquisi�on
opportunity
97°0'0"E 97°30'0"E 98°0'0"E
0"N Legend 6°0'0"N
6°0'0"N 6°0'0"N 6°0'0"N
BATHY_L JAMBU AYE UTARA
ExxonMobil
TPI Pase PSC
ExxonMobil Block-B planned
sale
of
ExxonMobil NSO
NSO A
Aceh
assets:
NSO R -100
NSO J
SUM N OFF 02 NSO
PSC
�
0"N 5°30'0"N NSO
fields
5°30'0"N 5°30'0"N 5°30'0"N
-100 Block
B
PSC
-100 NSO K
NSO N �
NSO L Arun
field
PEUSANGAN B
# ARUN LNG PLANT �
SLS
field
TERIPANG
RAYEU
CUNDA
SUM N B Arun
LNG
Plant
SUM N B ARUN PASE RAYEU B BAGO GURAME NSO U �
0"N 5°0'0"N 30%
interest
5°0'0"N 5°0'0"N 5°0'0"N
PASE JULU RAYEU LEMURU
ALUR SIWAH #
SOUTH LHO SUKON A PEUDAWA
PERLAK
SALEM TEG
currently
4 BATA
PASE A PEULALU IEE TABEUE
TUALANG conduc�ng
due
0 5 10 20 30 40 ALUR CIMON SE
Kilometers
diligence
on
the
Pase, Block-B, and NSO Blocks - North Sumatra
KUALA LANGSA
assets
97°0'0"E 97°30'0"E 98°0'0"E
22
-500
-400
-200
-300
-1000
97°0'0"E 97°30'0"E 98°0'0"E
97°0'0"E 97°30'0"E 98°0'0"E
97°0'0"E 97°30'0"E 98°0'0"E
0
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Target
assets
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NSO ‘A’ PLATFORM
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