For personal use only. Triple Energy Ltd. Shareholders Meeting 24 April

Transcription

1 Triple Energy Ltd Shareholders Meeting 24 April

2 Disclaimer 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

3 Triple Energy Overview Capital Structure Shares on issue - now ~793m Shares to be on issue post BSP transac7on (including drilling services BSP holding of TNP post approval BSP transac7on and subject to issue of all Performance Shares. ~1,837m ~57% 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 Q desorp7on coring, fraccing & pilot produc7on tes7ng 3

4 Structure of Blue Sky Shares Shares on issue before 24 April 2015 mee7ng Escrow Date Escrowed Total 793m Shares placed to Blue Sky before mee7ng at $0.005 (19.9%) 9 Dec m 158.0m Shares to be placed to Blue Sky aier this mee7ng at $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 ,837.8m 4

5 Board Post Shareholders Meeting Tommy Cheng Non- Execu7ve Chairman Chairman Blue Sky Power (6828 HK) CEO of New Times Energy Paul Underwood Managing Director/CEO Chartered Accountant, founder of Tap Oil, 30 years in oil and gas explora7on and produc7on 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

6 Group OrganisaQon Chart 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

7 Blue Sky Power Group InvesQng in TNP 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

8 About Blue Sky Power Holdings Ltd (HKSE 6828 ) 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

9 For personal use only Blue Sky Power Holdings Projects in China 9

10 Heilongjiang Coal Mine License Areas HEILONGJIANG Up to 2,700km2 acreage 1. Hegang mines 2. Shuan Ya Shan mines 3. Qi Tai He mines 4. Ji Xi mines 10

11 Work Programme Q2/ 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

12 Share Price Catalysts 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

13 For personal use only Contact Details Head Office Perth Paul Underwood Spectrum 100 Building Ground Floor, Unit 6, 100 Railway Road Subiaco WA 6008 PERTH WESTERN AUSTRALIA Phone underwoodpw@tripleenergy.net Beijing Office Level 5, unit 503, Lido Office Tower, Lido Place No 6 Jiangtai Road Chaoyang District Beijing