Path to Commercial Gas Production slide image

Path to Commercial Gas Production

Investment Highlights 1 2 3 5 COMPELLING OPPORTUNITY TO DEVELOP NEW GAS ASSETS Targeting natural gas from three coal seams of interest at TTCBM Project, with a Prospective Resource of 1.0 Tcf of gas. DEFINED WORK PROGRAM CURRENTLY UNDERWAY Six well drilling campaign to deliver contingent resource booking and followed by pilot production program. NEW PERMITS ADD SCALE TO EXISTING TTCBM PROJECT New permits located over existing coal deposits provide significant upside to CBM exposure and potential. MONGOLIAN ENERGY MARKET POSITIVE TAILWINDS Mongolian Govt determined to build a domestic gas market to deliver an independent and cleaner source of energy for its people. TEAM IN PLACE WITH THE RIGHT EXPERIENCE TO DELIVER Small and experienced team confident of delivering game changing first gas production for Mongolia. STRATEGIC PARTNERSHIP WITH MONGOLIAN GOVERNMENT Partnerships with regulator MRPAM (PSA), and SOE Erdenes Methane LLC, reflects strategic importance of TTCBM Project. 4
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