Cor por ate pr e se ntation Colm Cloonan Ge ne ra l Ma na g e r & CF O F e b rua ry 2015
Disc laime r Disclaimer Future performance This presentation (Presentation) has been prepared by Tlou Energy Limited (Tlou). The Presentation and This Presentation contains certain “forward-looking statements”. Forward looking words such as, “expect”, information contained in it is being provided to shareholders and investors for information purposes only. The “should”, “could”, “may”, “plan”, “will”, “forecast”, “estimate”, “target” and other similar expressions are intended to information contained in this disclaimer does not constitute an offer, invitation or recommendation to subscribe for identify forward-looking statements within the meaning of securities laws of applicable jurisdictions. Indications of, or purchase any security and neither the Presentation, disclaimer nor anything contained therein forms the basis of and guidance on, future earnings and financial position and performance are also forward-looking statements. any contract or commitment. This Presentation does not take into account your individual investment objective, Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and financial situation or particular needs. You must not act on the basis of any matter contained in this Presentation. contingencies which are subject to change without notice, as are statements about market and industry trends, This Presentation may contain forecasts and forward looking information. Such forecasts, projections and which are based on interpretations of current market conditions. Such forward-looking statements, opinions and information are not a guarantee of future performance and may involve unknown risks and uncertainties. estimates are not guarantees of future performance. Shareholders and investors should undertake their own evaluation of this information and otherwise contact their Forward-looking statements including projections, guidance on future earnings and estimates are provided as a professional advisers in the event they wish to buy or sell shares. To the extent the information contains any general guide only and should not be relied upon as an indication or guarantee of future performance. This projections, Tlou has provided these projections based upon the information that has been provided to Tlou. None Presentation contains such statements that are subject to known and unknown risks and uncertainties and other of Tlou or its directors, officers or employees make any representations (express or implied) as to the accuracy or factors, many of which are beyond Tlou’s control, and may involve significant elements of subjective judgement otherwise of any information or opinions in the Presentation and (to the maximum extent permitted by law) no and assumptions as to future events which may or may not be correct. It is believed that the expectations reflected liability or responsibility is accepted by such persons. in these statements are reasonable, but they may be affected by a range of variables which could cause actual Summary information results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental This Presentation is a visual aid which will be used by representatives of Tlou to assist in investor and analyst risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in presentations. It is not intended to be read as a stand alone document. This Presentation contains selected and various countries and regions, political risks, project delay or advancement, approvals and cost estimates. Such abbreviated summary information about Tlou and its subsidiaries and their activities current as at the date of this forward-looking statements are relevant at the date of this Presentation and Tlou assumes no obligation to update Presentation. The information in this Presentation is of general background and does not purport to be complete. It such information. is intended to be read by a sophisticated investor audience familiar with Tlou and the sector in which it operates and to be accompanied by a verbal presentation delivered by a representative of Tlou. It should be read in Investment risk conjunction with Tlou’s other periodic and continuous disclosure announcements lodged with the Australian An investment in Tlou shares is subject to investment and other known and unknown risks, some of which are Securities Exchange (ASX), which are available at www.asx.com.au. beyond the control of Tlou. Tlou does not guarantee any particular rate of return or the performance of Tlou. ASX Releases Persons should have regard to the risks outlined in this Presentation. Investors are advised that by their nature as visual aids, presentations provide information in a summary form. The Competent Person Statement key information on detailed resource statements can be found in Tlou’s ASX releases. Resource statements are The gas resource estimates for the Lesedi CBM Project provided in this statement (refer slide 14) were originally provided to comply with ASX guidelines but investors are urged to read supporting information in full on the released to the Market in Tlou’s Replacement Prospectus 2 April 2013 (Announcement). Tlou confirms that it is not website. aware of any new information or data that materially affects the information included in the Announcement and Past performance that all of the material assumptions and technical parameters underpinning the estimates in the Announcement continue to apply and have not materially changed. The gas resource estimates are based on and fairly Past performance information given in this Presentation is given for illustrative purposes only and should not be represents, information and supporting documentation and were determined by Mr. John G. Hattner of Netherland, relied upon as (and is not) an indication of future performance. Sewell and Associates, Inc (‘NSAI’), Dallas, Texas, USA, in accordance with Petroleum Resource Management System guidelines. Mr. Hattner is a full-time employee of NSAI, and is considered to be a qualified person as defined under the ASX Listing Rule 5.42 and has given his consent to the use of the resource figures in the form and context in which they appear in this Presentation. 2
About T lou E ne r gy Who we ASX liste d c o a lb e d me tha ne (CBM) c o mpa ny a re Wha t CBM in Bo tswa na we do Our Pro vide a c le a n a nd re lia b le e ne rg y so urc e to Bo tswa na & so uthe rn Afric a Goa l 3
Company Ove r vie w Mar ke t Cap: Shar e Pr ic e : $0.275 ~$41m (30 Ja n 2015 ) 148m sha re s Ope r ations: Ac r e age : Bo tswa na 10 Pe rmits 100% o wne d 4 pilo t lo c a tio ns HQ: Brisb a ne ASX: T OU 4
Ke y Infor mation oje c t L e se di CBM Pr • Bo tswa na ’ s mo st a d va nc e d • 100% o wne d a nd o pe ra te d NSAI Ce r tifie d Conting e nt Re sour c e s 152 BCF (2C) • 2,322 BCF (3C) • Sig nific a nt ma r ke t oppor tunity • Hig h e ne rg y d e ma nd L oc a tion L o w c o st • Suppo rtive g o ve rnme nt • 5
E xpe r ie nc e d T e am Boar d of Dir e c tor s Ke y In- Countr y Manage me nt Na tha n Mitc he ll – Chairman •17 ye a rs in re so urc e e xplo ra tio n •I nte rna tio na l Ope ra tio na l E xpe rie nc e Ga ba a ke Ga ba a ke – African Regional Manager •Pio ne e r o f CBM drilling te c hniq ue s •Ge o lo g ist a nd fo rme r Bo tswa na pub lic se rva nt •Stro ng g o ve rnme nt a nd industry re la tio nships •Pre vio usly Pe rma ne nt Se c re ta ry, Mine ra ls E ne rg y & Wa te r ony) Gilby – MD & CEO Anthony (T •Ge o lo g ist with 28 ye a rs industry e xpe rie nc e •Co -fo unde r a nd pre vio us CE O o f Sunshine Ga s •Pre vio us te c hnic a l ro le s fo r E SSO & E xxo n Gle n Smith – Chief Operating Officer •Ge o lo g ist with 25 ye a rs o pe ra tio na l e xpe rie nc e •Ope ra tio na l a nd g e o lo g ic a l e xpe rie nc e •Austra lia , PNG, I ndo ne sia , Bra zil a nd Afric a – Non-Executive Director Ma r tin Mc Ive r •13 ye a rs e xpe rie nc e in mining se rvic e s •F o rme rly with PwC •Curre nt CF O o f the Wo rkpa c g ro up Da vid Mompa ti – Project Development Officer •Co mme rc ia l a nd pro je c t ma na g e me nt c re de ntia ls •Ove r 8 ye a rs e xpe rie nc e with Bo tswa na e ntitie s s – Non-Executive Director Chr is Pie te r •K e y lia iso n with lo c a l sta ke ho lde rs •Ge o lo g ist with 9 ye a rs industry e xpe rie nc e •Pre vio usly CCO o f Sunshine Ga s •Dire c to r o f Co me t Ridg e L imite d (ASX:COI ) 6
Botswana F ie ld Ope r ations Ae r ia l vie w of Ope r a tions Se le mo Po d Ga s fla r e - Se le mo Pod De c e mb e r 2014 7
Ope r ational F oc us ~8,300km 2 • • ~100 we ll da ta b a se • I nitia l g a s flo ws: Se le mo po d – L a te ra l o Mo pa ni 2 – Ve rtic a l o • De wa te ring : L e se d i po d – L a te ra l o L e se d i 2P – Ve rtic a l o 8
Gas flows Se le mo Pilot - Shor t te r m te st – De c e mbe r 2014 • Pe a k re c o rd e d g a s flo w o f ~ 400,000 c fd Ave ra g e re c o rd e d g a s flo w o f ~ 200,000 c fd • • Re sults sug g e st a c omme r c ia l de ve lopme nt is a c hie va b le . irst in Botswa na to flo w CBM g a s a t • F the se ra te s 9
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