Triangle  Energy  (Global)  Limited  (ASX Code: TEG)

2011  Annual  General  Mee�ng  Thursday 24 November 2011 1  

Agenda  

1   Welcome  

2    Chairman’s  Address  

3   Resolu�ons  

4   Company  update  

2  

Chairman’s  Address  -‐  John  Towner  

3  

4  

Chairman’s  address  

  Financial  highlights  –  Revenue  of  $16.8  million  –  Net  profit  of  $0.39  million  

  Opera�onal  highlights  –  3  wells  producing;  A-‐1,  A-‐5  and  A-‐6  –  Total  annual  gas  produc�on  of  1.97  billion  cubic  feet  –  20  year  PSC  renewal  con�nued  through  regulatory  process  

  Future  outlook  

Formal  Business  

5  

6  

Vo�ng  -‐  Resolu�ons  

  RESOLUTION  1  Elec�on  of  Mr  Steve  Hamer  as  a  director  

  RESOLUTION  2  Elec�on  of  Mr  Lewis  Johnson  as  a  director                

7  

Vo�ng  -‐  Resolu�ons  

  RESOLUTION  3  Approval  for  the  issue  of  up  to  270,000,000  new  fully  paid  ordinary  shares    

  RESOLUTION  4  Adop�on  of  the  remunera�on  report  (non-‐binding)                  For      Against    

 Chairman's  Discre�on      Abstain    

 201,305,750                  200,000                3,833,877        355,480,798    

Company  update  -‐  Duncan  Nu�all

8  

9  

Experienced  team  Management  team  

Robert  Lemmey    Country  Manager  -‐  Indonesia  

Tony  Anson  Drilling  Manager  

Joseph  Oravetz  Explora�on  Manager  

Djakfar  Husein  Aceh  government  

rela�ons  

Joe  Abshire    Civils  Engineer  

John  Towner  Execu�ve  Chairman        Duncan  Nu�all    Chief  Execu�ve  Officer  

Charles  Beales  &  Stuart  Liddle                                              Field  Managers  

10  

  >40  Acehnese  employees  &  contractors  

  Excellent  staff  reten�on  rates  

§  Zero  accident  safety  record  

Local  employer  of  choice  

11  

Corporate  Social  Responsibility  

2010/11  programs:  –  Educa�on  

  School  refurbishment    School  equipment    Teacher  housing  

–  Health    Medical  clinics    Water  wells  

–  Relief    Humanitarian  aid  

12  

Pase  Loca�on                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

Malaysia  

§  3  wells  successfully  re-‐commissioned,  A1,  A5  and  A6  (2009)  

§  Acid  s�mula�on  of  A1  successfully  completed  (early  2011)  

§  Work-‐over   program   of   A1   successfully   completed   to   open   up   more  reservoir  interval  (2011)  

13  

Pase  produc�on  ac�vi�es  

§  Comple�on  run  in  A2  (2011)  and   prepara�ons   underway  to   commission   this   well  (original   DST   rates   >20  MMcf/d   from   two   separate  reservoirs)  

14  

Pase  produc�on  and  prices  

0  

100  

200  

300  

400  

500  

600  

700  

800  

900  

0  

2  

4  

6  

8  

10  

12  

14  

16  

18  

20  

09Q3   09Q4   10Q1   10Q2   10Q3   10Q4   11Q1   11Q2   11Q3  

Gas  (MM  cf)  

US$/M

illion  BTU  

Quarter  

Pase  quarterly  produc�on  and  prices  

Pase  produc�on  

Pase  average  gas  price  

Henry  Hub  average  gas  price  

Indonesian  domes�c  price  

§  Significant  explora�on  upside  

§  EM  only  interested  in  very  significant  gas  culmina�ons  (>1TCF)  

§  Triangle  Energy  assembled  very  experienced  subsurface  team    

§  Development  of  leads  database  

§  In-‐fill  drilling  loca�ons  

§  Seismic  data  reprocessing  

§  Near-‐field  drilling  targets  

15  

Explora�on  upside  

16  

Pase  exis�ng  seismic  coverage  

17  

Pase  seismic  re-‐processing  

!"#$%&'()*+,%-./%.0"1"#23%4056$77"#1%829$%84%:2#1$%;=>%?9

7$6@A%

!"#$%&'()*+,%!"#$"%&'()(*+%,$-&."%/0&11(*2$,(--%./0$%.1%2/#3$% %451%.6/78%9:% .;%

18  

Pase  seismic  re-‐processing  

!"#$%&'(%

)*% +,%

-$./

0%12

/3%45

-++6

%

!"#$%&'7%

89:$%;

19  

Pase  field  infill  and  near  field  opportuni�es  

20  

B90-‐451/BP-‐226  Arbitrary  line  TPI  Brute  stacks    –  Close  to  SLS-‐D  field  

Pase A-9 Pase A-3

Line B90-451 BP87-226

NW SE NE

Green  line  Previous  Interpreta�on  

21  

SLS-‐D  opportunity  (Pase  field)  

Top  Reservoir  TWT  Map  SLS  3D  Survey  

§  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.

Peutu    Carbonate  

Lead  

22  

Aceh  acquisi�on  opportunity  

#

#

SUM N OFF 02

SUM N B

SUM N B

PASE

PASE

NSO J

NSO A

ARUN

NSO R

KUALA LANGSA

ALUR SIWAH

NSO N

JULU RAYEU

JAMBU AYE UTARA

RAYEU

GURAME

TUALANG

SALEM

NSO K

SOUTH LHO SUKON APEUDAWA

PEULALU

NSO L

TERIPANG

LEMURU

PERLAK

PEUSANGAN B

BAGORAYEU B

ALUR CIMON SE

CUNDA

BATAIEE TABEUE

NSO U

PASE A

ARUN LNG PLANT

0

-100

-200

-300

-400-500

-1000

-100

-100

98°0'0"E

98°0'0"E

97°30'0"E

97°30'0"E

97°0'0"E

97°0'0"E

'0"N 6°0'0"N

'0"N 5°30'0"N

'0"N 5°0'0"N

97°0'0"E

5°0'0"N

97°0'0"E

5°30'0"N

97°0'0"E

6°0'0"N

97°30'0"E

5°0'0"N

97°30'0"E

5°30'0"N

97°30'0"E

6°0'0"N

98°0'0"E

5°0'0"N

98°0'0"E

5°30'0"N

98°0'0"E

6°0'0"N

Pase, Block-B, and NSO Blocks - North Sumatra

0 10 20 30 405Kilometers

4

LegendBATHY_L

TPI Pase PSC

ExxonMobil Block-B

ExxonMobil NSO

ExxonMobil  planned  sale  of  Aceh  assets:  NSO  PSC    NSO  fields  Block  B  PSC    Arun  field    SLS  field  Arun  LNG  Plant    30%  interest    TEG  currently  conduc�ng  due  diligence  on  the  assets  

23  

Target  assets  

NSO ‘A’ PLATFORM