CliffHeadAcquisitionJune2016

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The information in this presenta tion is in summary form and should not be relied upon as a complete and accurate representation of any matters that a potential investor shouldconsider in evalua ting Triangle Energy (Globa l) Ltd. While management has taken every effort to ensure the accuracy of the material in the presentation, the presentation isprovided for information purposes only, Triangle Energy (Global) Ltd., its officers and management exclude and disclaim any liability in respect of anything done in reliance on thepresentation.

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 TriangleEnergy (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 underlyingassumptions which could cause actual results or trends to differmateria lly from those expressed or implied in such sta tements. No assurance or guarantee, is or should be taken tobe, 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.

Disclaimer

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CliffHeadAcquisition:AssetSummary

Background and Key Facts

•WA-31-LwhichcontainstheCliffHeadoilfieldisownedbyAWE(57.5%)andROCOil(42.5%andOperator• TheCliffHeadfield:

• islocated300kmnorthofPerth• wasthefirstoffshorePerthbasincommercialoildiscoveryin2001;and• commencedproduction in2006

• FieldSizeandScale:• STOIIP– 62mmstb• originalinvestmentUSD327mmforplant,platformandwells• Production14.8mmstd todate;1300bpdtoday• RemainingoilatEff.Date– 3.8mmstb

• Facilities• CliffHeadAlpha(CHA)- Unmannedplatform• twininjectionandproductionpipelinesfromoffshoretotheonshoreArrowsmithplant• oiltrucked toBPKwinanaoilrefinerynearPerth

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CliffHeadAcquisition:FirstStepinPerthBasinStrategy

Perth Basin Overview

• Prolificbasin,provenhydrocarbonsystem,maturesourcerockwithabundantreservoirsandundrilledstructures• circa52wellsdrilledoffshoreand320wellsdrilledonshore

‒ TheNorthernPerthBasinhas20commercialoilandgasdiscoveriestodateincluding10producingfields

‒ CliffHeadistheonlyoffshoreproducingfield• LargestfieldistheonshoreDongara fieldwithSTOIIPof200mmboe• RecentrenewedinterestwithAWEWaitsia discovery,provingdeeperexplorationandappraisalopportunities• 40licensesby15companiesincludingNorwest,SouthernSky,UIL,Key,Warrego,AWE,Titan,Eneabba,Latent,Empire,TranservandOrigin• Under-exploredonshore- 20explorationwellsacross40,000sq km’s

• BecomethepartnerofchoiceintheemergingandmaturePerthBasin• Bringinnovation,capitalandexpertisetothesignificantopportunitysetinthePerthBasinarea• SupporttheAWE-ledrejuvenationofthearea

TrianglePerthBasinStrategy

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0

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2013 2014 2015 2016 2017 2018 2019 2020 2021

OilRate(b

o/d)

OilProductionForecast,bopd ThreeOpportunityAreas1. Operational excellence

• Assetlifeextension project• Intensecostandoperational

efficiency campaign

2. Findbarrels forupside• Electrical submersiblepump

(ESP)optimization• Improvedandenhanced oil

recovery• Appraisalopportunities

3. Regional synergy

4. Innovativedecommissioning

Actual Forecast

CliffHeadAcquisition:ExtendFieldLifeBeyond2021

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AssetStrategy:ExtendFieldLifebeyond2021“OperationalExcellence”

• AssetLifeExtension– NewSafetyCase‒ Safetooperate forthenext5yearsandbeyond‒ Integritymanagement – preventleaksandfailures‒ Regulatoracceptance

• OperationalImprovement‒ Eliminate non-valueaddedactivities‒ Focusonplan toeliminate backlog‒ Cooperatewithoperator tomotivateaffiliatecontractorsforperformance

• CostReductionInitiatives‒Optimise manpowerandoverheads‒ Ensureefficient logistics, reduce complexity‒ Improvemaintenance topreventunplanned activity

OffshorePlatformCHA

ArrowsmithProcessingFacility TEGCliffHeadAcquisitioninformationupdateJune2016

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ActivitiestoEnhanceUpside• ESPPerformance‒ Industryrecognizedsuperior performance

‒ Longpumprunlives- >1000days‒ Settingnewstandard- SPEPaper128003-PA

‒ CH-13welloptimization• ImproveOilRecovery‒ Rebuild reservoir modelwith2010seismic interpretation‒ Chemical waterinjection tracerprovidesclues toimprovesweep‒Opportunity toimprove reservoir modelhistorymatch‒Workover wells toaccessbypassedpay

• AppraisalOpportunities‒ Enhancedoil recovery (EOR)screening mayprovidepossibleupside‒ ReviewMentelle updip opportunity, consider3Dseismic‒ WestHighareas– lowrisk,butneedlowcosttodevelop

AssetStrategy:ExtendFieldLifebeyond2021“FindbarrelsforUpside”

Wells

Mentelle UpdipBetterSweep

ESPLowCostAppraisal

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AssetStrategy:ExtendFieldLifebeyond2021“DevelopRegionalSynergies”

• AreaConsolidation‒With renewed interest inPerthBasinpost-Waitsia,numerousopportunities exist topartner,farm-in,explore anddevelop‒Numeroussmall,matureandpre-abandonment fieldsinthearea

• FacilitiesandManpowerSharing‒ Adjacentfieldsandpotentialnewdiscoveries canaccess theArrowsmith facilities‒ CurrentArrowsmith facilities canhandle incrementalcapacitywithlimited additional costandmanpower

• LogisticsandTrucking‒ Regional suppliers, contractorsandother serviceproviderscanbecoordinatedbetween operatorsinthePerthBasin‒ Improvedtruckingandlogisticspossible

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CurrentPerformanceandOilPriceSensitivity:NetCashFlowtoTriangleuponclose

-5 0 5 10 15 20

US$30

US$35

US$40

US$50

US$55

US$60

TriangleCliffhead CashFlowperBarrel

US$/BarrelCashFlow

• EffectiveDate– 1/1/2016‒ Triangle expected cashflowto30/06/2016–A$900,000‒ Expected deliveries duringperiod– 132,000stb net‒ A$6.75perbarrel

• MajorCapitalExpendituresandCostManagement‒Operator,ROCOil,focusingoncostandperformance‒Non-routineanddiscretionary capitaldeferred‒ Routineandsafety,integrityandperformancecapitalassured

• ForwardCashFlow‒ Projectbreak-even cashflowatUS$35perbarrelincluding minorcapital programs‒Highly levered tooilprice

US$/Brent

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DealStructure:Details• Acquisition‒ 100%ofthesharesofAWESubsidiaries:

‒ AWE(OffshorePB)PtyLtd‒ AWEOil(WesternAustralia)PtyLtd

• PurchaseConsideration‒ A$3.214million fromexisting cashreserves‒ Consideration includesAWEhedges inplace

• ASXCompliance‒UnderChapter11oftheASXListingRules,shareholder approval isnotrequired

• ShareSaleAgreementDepositPaid‒ A$0.819million hasbeenpaidonsigning theShareSaleAgreement

• EffectiveDate– 1January2016‒ Expected closing30June2016

• RoyaltyPayments‒ Triangle topayAWEaUS$5royaltyaboveUS$70/bbl toappropriately shareanyoilprice improvement‒ Royaltypaymentsbasedonactualdelivery invoices toBPKwinana refineryaspercontract terms

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