#1For personal use only Pertation Dilarang Masuk Think Safety TRIANGLE PASE INC. Utamakan Keselamatan triangle energy oil gas energy Corporate Presentation June 2014#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#3TEG & Indonesia For personal use only Triangle is a gas production and exploration company. Since rejuvenating the Pase gas fields in Aceh Province, North Sumatra, Indonesia in 2009, the Company has successfully operated the Pase Production Sharing Contract ("Pase PSC") over the Pase fields. A angle energy triangle energy oil gas energy 3#4Our Goal For personal use only triangle energy oil gas energy THE AWARD OF A LONG TERM PRODUCTION SHARING CONTRACT OVER THE PASE FIELDS#5Award of Pase PSC - Progress For personal use only . • Initial Pase PSC expired Feb 2012 triangle energy oil gas energy Triangle awarded five 6-month operating extensions of Pase PSC • The new PSC is expected to be awarded for 30 years •Triangle and the Acehnese Government have entered into a Joint Venture to operate a new Pase PSC • The new Pase PSC is to be awarded under the collaborative regime between the Indonesian Central Government and the Acehnese Government • Acehnese Government dealing directly with Indonesian Central Government on award of Pase PSC • Triangle is the first foreign company to form a Joint Venture with the Acehnese Government to operate an oil and gas field within the Aceh Province • The Governor of Aceh, Dr Zaini Abdullah gives the Joint Venture his full support 5#6Triangle & Pase For personal use only triangle energy oil gas energy MOLL 1. Gas production that generates revenue for Triangle 2. Established gas infrastructure 3. Proximity to strong domestic and LNG energy demand markets 4. Substantial remaining gas reserves with excellent exploration and development opportunities#71. Pase Production Levels For personal use only • triangle energy oil gas energy From early 2012 when the Pase PSC expired there has been a significant decline in production due to the 'care and maintenance' nature of the temporary operatorship Upon being awarded a long term Pase PSC, Triangle has planned for immediate redevelopment work to return production to "Pre-Expiry of PSC" levels 10.0 9.0 Quarterly production since commencement of operatorship in 2009 (MMCF/D) Pre expiry of PSC Post expiry of PSC 8.0 7.0 6.0 Average: 4.9 MMCF/D(1) 5.0 4.0 3.0 Average: 1.6MMCF/D(1) 2.0 1.0 0.0 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 (1) Per day production based on quarterly production update divided by number of days in the period 7#82. Pase Infrastructure triangle energy oil gas energy For personal use e angle energy 8#93. Strategically Located Deposit For personal use only triangle energy oil gas energy Pase is located in North Sumatra with well The Aceh fertiliser plant is in close proximity to the Pase field and has a large unmet demand for natural gas ● established gas infrastructure and supply facilities to cater to the growing Asian energy markets as well as local gas markets Existing under utilised infrastructure - 6 LNG trains, pipeline network and LPG fractionation • Very high gas prices based on existing LNG contracts 9#104. Reserves & Exploration Potential For personal use only triangle energy Pase has estimated reserves of 75 BCF of gas (1) and holds significant potential exploration upside as it is located in a highly prolific area oil gas energy The southern part of the Pase block is located 12 km south of the Arun Gas Field. The Arun Gas field was one of the world's largest onshore gas discoveries with original reserves of about 20 TCF of condensate-rich gas and at its peak supplied 6.5MT of LNG to Japan and Korea The area is largely under explored as a consequence to civil war There has been no seismic shot over the area since 1991 due to ExxonMobil's high cut-off point for discoverable reserves; hence the relatively smaller and shallower discoveries, potential new prospects and leads which are important opportunities for the Company Triangle has identified drillable structures within the block that will be attractive to delineate and possibly boost reserves. The Company has assembled a very experienced technical team to explore this potential upside (1) SKK Migas estimate 10#11TEG Financial Performance triangle energy oil gas energy • Upon re-establishing production in late 2009, the Company achieved revenue of A$13.9 million in FY2010 through the sale of gas to the Arun LNG facility • Similarly in 2011, the Company continued to grow revenue as production increased and recorded a 22% increase in revenue to A$16.9 million • Increased expenditure in well re-development has led to only a small profit of A$0.4 million in 2011 • As the PSC expired in early 2012, the Company suffered a significant decline in revenue and net income went into negative territory as a result of not being able to maintain production infrastructure due to the status of the PSC For personal use only A$ million Revenue 18 16 14 12 10 82 64 A$ million Net Income 8 6 4 2 0 -2 -4 46 -6 2 -8 0 2010 2011 2012 2010 2011 2012 11#12TEG Cashflow For personal use only • Commitment to Shareholders triangle energy oil gas energy Expenditure has been reduced following a review of operations and corporate overheads Management will continue to significantly reduce corporate overheads to conserve the Company's cash reserves while it pursues the award of a new PSC 12#13TEG Restructured Board For personal use only triangle energy oil gas energy Current Directors John Towner (Executive Chairman) Steven Hamer (Non-Executive Director) Edward Farrell (Non-Executive Director) Proposed Directors Edward Farrell (Proposed Non-Executive Chairman) Robert Towner (Proposed Executive Director) Darren Bromley (Proposed Executive Director) 13#14Triangle Energy (Global) Limited Corporate Structure For personal use only triangle energy Issued Capital Market Capitalisation Ordinary Shares 1,634m @0.001 cents per share $1.634m Unlisted rights $0.01 Options 91.55m 27.00m ASX Code TEG TEG = 0.001 Dividend Paid TEG.VOLUME = 26264998 PSC Expired LOI covering JV signed 6 Blocks in Morocco with Aceh Government oil gas energy 0.080 0.070 0.060 0.050 5th 6 month temporary operating 0.040 licence 0.030 awarded 0.020 0.010 …............ 50M Dec-09 Apr Jun Auc Oct Jan-11 Apr Jun Auc |Oct Jan-12 Apr Jun Auq Nov Jan-13 May Jul Sep Nov Jan-14 Apr May 14#15Pase - Location For personal use only Myanmary Thailand aos Cambodia Banda Aceh Pase Indian Ocean Viet Nam South China Sea Philippines Fields Malaysia SULAWESI Jakarta triangle energy MALUKU Pacific ISLANDS Ocean Indonesia Australia 15 oil gas energy#16Indonesia's Gas Market For personal use only triangle energy oil gas energy Robust underlying gas market in Indonesia and LNG demand in Asia With the largest population in SE Asia and as the fourth most populous country in the world, Indonesia has seen total primary energy consumption grow by over 50% between 2001 and 2010 and the strong demand growth is expected to continue, underpinned by robust economic development Although Indonesia is predominantly an oil producing nation, Indonesia has turned into a net oil importer as oil production has been declining due to maturing oil fields and failure to develop new fields – The country is now focused on coal and natural gas as source of power generation – Natural gas production has increased by over a third since 2005 and domestic consumption has nearly doubled since 2004 - With a mere ~41 years of reserve life remaining, the Government is actively promoting investment in the sector by allocating US$48 billion to oil and gas activities to achieve economic targets by 2025 Indonesia is also the world's third largest exporter of LNG, exporting about half of its gas production and responsible for just under 10% of the world's LNG exports - With the growing demand for LNG domestically and in other countries in the region including Malaysia, Thailand and Singapore, demand for Indonesian LNG is expected to remain unabated 16#17Pase Location For personal use only triangle energy TRIANGLE ENERGY MAP OF PASE LOCATION IN NORTH SUMATRA MALACCA STRAIT PIM FERTILIZER PLANT ACEH FERTILIZER PLANT ROAD PIPELINE PASE WELLS ARUN LNG PLANT & NSO-ONSHORE FACILITIES 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 PASE GAS FIELDS RAYEU SLS FACILITIES 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 17#18Pase Existing Seismic Coverage For personal use only ANDAMAN-8 triangle energy Extensive 2D and 3D seismic data over Pase acquired by Mobil in 1990s OONSJ-1X OPEUSANGAN DT ERCHSEUMAWE OHEUBO GUNTCH KEUREUTU A-1 31 PEUSANGAN B Dust ONS L-1X ONS L-18 FONS FT KOUNDA HOKSEUMAWE NSB 4.7 COELU AU ANON SUMNE ARUN B-1 10 10 ONS G NATEL ARUNA13 Pase CAFFO ARUNA 10 ARUN SQOTA Pase CARAKA SOUTH LAD SAWOM RANTALON SATA ODRASIRA- Www.www SUM NA BE MIRAH C oil gas energy 18#19Pase Field Infill & Opportunities For personal use only 529600 530400 531200 532000 528000 528800 327200 יייזי 525600 526400 527200 triangle energy oil gas energy 328000 328800 329600 330400 331200 332000 332800 333600 334400 335200 336000 ZA7374.00 Z-7273.05 -8500- A-9 -7500- 9500 0 500 0096-- _0006- 1000 1500 Opportunity 1: BP-2 Sidetrack-1 7-786817 Z-7955.72 BP-2 -7273.24 A-8 ST3 Z-7550.10 PASE A-3/ST3/ Opportunity 2: A-10 A-6 -8000- 2000 -8500 7500 Opportunity 3: A-1 Sidetrack-1 Z: 6400.04 -8000 -6500 6500- Depth -6000 336800 -7000 532000 531200 -8000 -9000 E-10000 3 potential undrained gas opportunities already identified by preliminary technical studies. -7500 PASE A-6 ST2 RASE A-1 {z: 7037:30 A-5 -7500 530400 529600 528800 528000 527200 526400 5256008 1:38147 327200 328000 328800 329600 330400 331200 332000 332800 333600 334400 335200 336000 336800 19#20Great White (SLS-D) Opportunity For perus Khat JuHayes ARUN Muda Femasi Seureule Formi Jeureux Jule Reyes ampro pre Forms Keuleyang Formasi Ban Great White Ramasan Bang Formand i Forman Formas day Formau lo ExxonMobil triangle energy oil gas energy • 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 Peutra map Saumul 20#21Local Employer of Choice For personal use only triangle energy oil gas energy Triangle Pase Inc - HSSE Performance 2014 Triangle's Journey to Zero Accidents Lost Time Incidents / Non Occupational LTI Occupational Fatality/Non Occupational Fatality 0/0 0/0 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/ Near Miss/ Property Damage 0/0/0 0/0/0 0/0 STOP/HOC=384 YTD April 2014 LTIFR = 0.00 TRIFR=00 MVAF =00 MAN-HOURS = 52,188 STOP/HOC=112 LTIFR = 0.00 TRIFR=00 MVAF=00 KMS DRIVEN = 38,871 Performance 2013 MAN-HOURS = 158,347 KMS DRIVEN = 138,449 Non Recordable Motor Vehicle Accidents 21#22Pase Rejuvenation triangle energy oil gas energy Fast track rejuvenation of Pase gas field carried out by experienced Triangle team For personal use only 22#23Corporate Social Responsibility (CSR) personal use 00 0000 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 employment and training program of local village staff. 23#24Contact Information For personal use only triangle energy oil gas energy CORNERSTONE CORPORATE triangle energy Darren Bromley oil gas energy CFO & Company Secretary T +61 (0) 419 940 587 [email protected] Robert Towner Corporate Development & Strategy T +61 8 9286 2828 [email protected] 24