#1For personal use only CORPORATE PRESENTATION Indonesia MARCH 2013 triangle energy oil gas energy#2Important Notice For personal use only triangle energy oil gas energy The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluating Triangle Energy (Global) Ltd. While management has taken every effort to ensure the accuracy of the material in the presentation, the presentation is provided for information 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 presentation. The presentation 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 expectations reflected in those statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions 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 relation to the future business or performance or results of Triangle Energy (Global) Ltd or the likelihood that the assumptions, estimates or outcomes will be achieved. The material provided to you does not constitute an invitation, solicitation, recommendation or an offer to purchase or subscribe for securities. Competent Person Statement Information in this Presentation that relates to exploration and reserves has been reviewed and signed off by Mr Witan Ardjakusumah. Witan is a full-time employee of Triangle Energy (Global) Limited's wholly owned subsidiary Triangle Pase Inc and is qualified in accordance with ASX listing rule 5.11 and has consented to the inclusion of the information in the form and context in which it appears 2#3Triangle Energy (Global) Limited Corporate For personal use only Issued Capital Ordinary Shares Unlisted rights 1425m 56.75m $0.01 Options 27.00m Directors triangle energy oil gas energy John Towner, Executive Chairman Robert Lemmey, Non-Executive Director Steven Hammer, Non-Executive Director Lewis Johnson, Non-Executive Director Market Capitalisation @1.4 cents per share $19.6m ASX Code TEG Cash & Receivables $2.70m TEG = 0.014 K 竹」 TEG.VOLUME = 5760000 T \\\\\\\■l.'⠀⠀⠀⠀------------------------M...⠀⠀||-----ıtılıııııııımı……………………..l 0.030 0.025 0.020 W 0.015 0.010 0.005 40M 20M Mar-2012 May June July September November Jan-2013 February 15-Mar 3#4Why Aceh? For personal use only triangle energy oil gas energy The Aceh fertiliser plant is in close proximity to the Pase field and has a large unmet demand for natural gas • North Sumatran Basin - Proven hydrocarbons - Mega fields EG Arun - Multiple play types Under explored area due largely to civil war Majors only looking for mega fields Large inventory of prospects and leads left by Mobil following merger with Exxon Extensive seismic coverage - data quality good but can be improved with modern processing Existing under utilised infrastructure - 6 LNG trains, pipeline network and LPG fractionation Very high gas prices based on existing LNG contracts Increasing local energy demand – can not be met without new development Strong relationship with Aceh government and local stakeholders#5Aceh For personal use only • triangle energy oil gas energy Management team with extensive • • • . experience in Indonesian oil and gas industry Successful rejuvenation and operation of the Pase field since July 2009 without incident Aceh government appointed Triangle as their partner Existing gas production with significant development and exploration opportunities including plans for a four well drilling program in 2013/14 Negotiations in progress with Indonesian. government to operate Pase through a new 30 year PSC licence 5#6Aceh Gas Markets For personal use only triangle energy oil gas energy ExxonMobil LNG contracts (until 2014) from Arun LNG facility Strong SE Asia LNG demand Strong domestic gas demand 3 fertiliser plants Local energy (power generation and industrial use)#7Pase Location For personal use only triangle energy TRIANGLE ENERGY MAP OF PASE LOCATION IN NORTH SUMATRA ARUN LNG PLANT & NSO-ONSHORE FACILITIES MALACCA STRAIT PIM FERTILIZER PLANT ACEH FERTILIZER PLANT ROAD PIPELINE PASE WELLS LHOKSEUMAWE CUNDA ARUN FACILITIES ARUN LHOK SUKON 30 KM 42" GAS & 10" CONDENSATE P/LINE 30" GAS & CONDENSATE PIPELINE LIQUID NATURAL GAS (LNG) PLANT 35KM RAYEU SLS FACILITIES O PASE GAS FIELDS O MALAYSIA SUMATRA JAKARTA oil gas energy Pase working area is 922km² located adjacent to Block B operated by ExxonMobil containing the very large Arun gas field ~20Tcf PASE A PRODUCTION FACILITIES 7#8Pase Existing Seismic Coverage For personal use only ANDAMAN-III triangle energy Extensive 2D and 3D seismic data over Pase acquired by Mobil in 1990s PEUSANGAN D-1 LHOKSEUMAWE EUBO-1 GUNTCH-1 KEUREUTU A-1 OTH OPEUSANGAN B-2 PELSANGAN ONS L-1X FONS F-1 ONS L-18 O-ONS J-1X ONS G-I CUNDA Th HOKSEUMAWE NSB-A-7 OGUNDA XS RAYEU ARUN B-1 PIADA B- CUNGA ARUNA-04 ARUN 02 JEUKU A SUMNB ARUN JAWA O-ARUNA-13 ARUN A-TO% ARUN SOUT PASE OPIRAKA-1 Pase CATH RAYED BY Pase RAFEU.B RANTAUDN SOUTH AND SUKON SOUTH LHO SUKON PASEM oil gas energy ODRASIR A-1 LU-RAYEU SUM NA ICE MIRAH C-1 BAZZA CEULALU 8#9Pase Field - Reserves Estimates For personal use only • • triangle energy In January 1989, DeGolyer & McNaughton produced a certified reserves report (pre production and major seismic data acquisition): - Proved Reserves: 56.15 Bcf - Probable Reserves: 89.29 Bcf In 2003, a 3D geomodelling study conducted by ExxonMobil suggested an estimated GIIP of the Pase fields to be most likely 590 Bcf and remaining reserves 119 Bcf The current BPMIGAS reserve estimate is ~75 Bcf 9 oil gas energy#10Pase Rejuvenation triangle energy oil gas energy Fast track rejuvenation of Pase gas field carried out by experienced Triangle team For personal use only 10#11Indonesian Management Structure For personal use only John Towner Executive Chairman + 40 years O&G experience (Sydney Gas, Anzon Energy, Sunshine Gas, New Guinea Energy) Duncan Nuttall Chief Executive Officer +30 years O&G experience (Mobil and BHP) Robert Lemmey Country Manager - Indonesia +30 years O&G experience (Haliburton) triangle energy oil gas energy Witan Ardjakusumah Exploration Manager + 30 years O & G experience (Lasmo and EMP) Tony Anson Drilling Manager + 30 years O & G experience (Schlumberger and Haliburton) Djakfar Husein Aceh government relations +30 years O&G experience (Mobil) Joe Abshire Civils Engineer +30 years O&G experience (Mobil) Charles Beales Stuart Liddle Field Managers 11#12Pase Production Sharing Contract For personal use only triangle energy oil gas energy Initial Pase PSC expired Feb 2012 Triangle Energy awarded 6 month operating extension followed by an additional term to allow time for a new PSC to be awarded under a new collaborative regime between the Indonesian Central government and the Acehnese government. Triangle has been appointed as the partner of the Aceh government. The Acehnese government is working with the Indonesian government to execute the award of a new thirty year Pase PSC. Pase will be the first PSC award under the new collaborative regime between Indonesia and Aceh regional government. 12#13Exploration Opportunities For personal use only • Significant exploration upside. triangle energy oil gas energy • ExxonMobil only interested in very significant gas culminations greater than 1Tcf • Triangle Energy assembled a very experienced subsurface team for the: © Development of leads database Selection of in-fill drilling locations - Reprocessing of seismic data Selection of near-field drilling targets. 13#14Pase Field Infill & Opportunities For personal use only 530400 531200 532000 529600 525600 526400 527200 528000 528800 triangle energy oil gas energy 327200 328000 328800 329600 330400 331200 332000 332800 333600 334400 335200 336000 Z7374.00 -7500- 7273.05 -8500 A-9 -7500- A-8 ST3 Z-7550.10 9500 0096-- 9000 -0006- Opportunity 1: BP-2 Sidetrack-10☐ -7273.24 7786817 Z: -7955.72 ☐ BP-2 PASE A-3 ST3/ Opportunity 2: A-10 0098- -7500 2-1962 A-6 Opportunity 3: A-1 Sidetrack-1 Z: -6400.04 0008- PAST 1 -6500 -6500- PASE A Depth -6000 -7000 336800 -8000 -9000 E-10000 3 potential undrained gas opportunities already identified by preliminary technical studies. 7500- PASE A-5 532000 531200 530400 529600 528800 528000 527200 526400 5256008 0 500 1000 1500 2000 1:38147 A-1 [Z: +037.30 -7500 327200 328000 328800 329600 330400 331200 332000 332800 333600 334400 335200 336000 336800 14#15Great White (SLS-D) Opportunity S Anvitam Maria SeaFema Juan foun S @ Kettlegning Formasi Pan Formasi Playe triangle energy oil gas energy FULLY U Alvin Madh ◉ 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 Great White ◉ ExxonMobil Fomap Deumula Form Bang 15#16Pase Work Programme & Budget For personal use only triangle energy BPMIGAS approved Work Program & Budget for 2013: Drill and complete new Pase infill well A10 Geological and geophysical studies Exploration administration Production operation General administration Total Work Program & Budget Triangle is seeking approval in 2014 for: Side track updip and complete Pase A1 well Side track updip and complete Pase BP2 well Drill and test Great White exploration well Total additional Work Program & Budget sought A$M 13.20 0.30 1.60 2.70 2.00 19.80 oil gas energy 7.79 7.15 14.00 28.94 16#17Local Employer of Choice For personal use only >40 Acehnese employees & contractors Excellent staff retention rates Zero accident safety record triangle energy Triangle Pase Inc - HSSE Performance 2012 Triangle's Journey to Zero Accidents oil gas energy Occupational Fatality / Non Occupational Fatality 0/0 0/0 Lost Time Incidents / Non Occupational LTI 0/0 0/0 0/0 Recordable Motor Vehicle Accidents Restricted Work Case / Non-Occupational RWC/ Medical Treatment Case 0/0/0 0/0/0 0/0 0/0 Environment Incidents / spills First Aid Case/ Non Recordable Near Miss/ Property Damage 0/0/0 1/0/0 2 0/0 Motor Vehicle Accidents STOP/HOC=115 STOP/HOC= 386 YTD December LTIFR = 0.00 TRIFR 00 MVAF =00 LTIFR = 0.00 TRIFR=00 MVAF =00 2012 2011 Performance MAN-HOURS = 144,533 KMS DRIVEN = 165,608 MAN-HOURS = 70,278 KMS DRIVEN = 249,004 17#18Corporate Social Responsibility (CSR) QU XX triangle energy oil gas energy Triangle's Acehnese Community Development Program focuses on local health, education and economic development. Triangle has carried out: . • Maintenance on roads, • bridges and local infrastructure Provided medical supplies for local clinics and • Continued its 8800 employment and training program of local village staff. 18#19Contact Information For personal use only triangle energy oil gas energy John Towner, Executive Chairman T +61 8 9286 8300 [email protected] CANACCORD Genuity Ideas are the engine of our business Canaccord Genuity Asia (Hong Kong) Ltd Peter O'Malley T +852 2110 3406 [email protected] triangle energy CORNERSTONE CORPORATE Cornerstone Corporate Pty Ltd -Perth Robert Towner T +61 8 9286 2828 [email protected] 19 oil gas energy