Proactive Investors – CEO Series 3 - 4 JUNE 2019
DISCLAIMER AUSTRALIA AND ALL JURISTICTIONS The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Global Energy Ventures Ltd (GEV) (ASX:GEV) or to retain or sell any securities currently being held . This presentation does not take into account, nor is it intended to take into account, the potential and/or current individual investment objectives and/or the financial situation of investors. This presentation was prepared with due care and attention and the information contained herein is, to the best of the GEV’s knowledge, current at the date of the presentation . This presentation contains forward looking statements that are subject to risk factors associated with the gas and energy industry . The expectations reflected in these statements are currently considered reasonably based, but they may be affected by a range of variables that could cause actual results or trends to differ materially, including but not limited to : price and currency fluctuations, the ability to obtain reliable gas supply, gas reserve estimates, the ability to locate markets for CNG, fluctuations in gas and CNG prices, project site latent conditions, approvals and cost estimates, development progress, operating results, legislative, fiscal and regulatory developments, economic and financial markets conditions, including availability of financing . All references to dollars, cents or $ in this document is a reference to AUD Dollars, unless otherwise stated. UNITED STATES (ONLY) Any offering or solicitation will be made only to qualified prospective investors pursuant to a prospectus or offering memorandum, each of which should be read in their entirety . To the extent applicable, any placement of securities will only be available to parties who are “accredited investors” (as defined in Rule 501 promulgated pursuant to the Securities Act of 1933 , as amended) and who are interested in investing in the securities on their own behalf. PAGE | 2
GLOBAL ENERGY VENTURES LTD GLOBAL MARINE GAS TRANSPORTATION USING CNG • GEV’s business model is to develop, build, own and operate CNG • 100% ownership of marine CNG ship design and IP projects that generate 15-20yr bankable cashflows and make • GEV is actively pursuing four Marine CNG Transportation strategic investments in upstream gas resources. Models, being: • CNG Optimum is world leading and the result of over two decades 1. Marine CNG Transportation and US$60 million of research and development – owns the CNG 2. Stranded Gas Fields Optimum ship IP. 3. Oil Fields with Associated Gas 4. Remote Small-Scale Power Generation LNG CNG FREEZE SQUEEZE 600:1 300:1 PAGE | 3
ASX MICRO CAPS – STOCK PICKERS CHECKLIST > C O M M E R C I A L I S AT I O N R E A D I N E S S > B O A R D & M A N A G E M E N T ❑ Technology risks ❑ History of shareholder value creation ❑ Regulatory hurdles ❑ Track record for delivery ❑ Financial constraints ❑ Insider stock ownership & incentives ❑ Quality of the customer pipeline ❑ Global experience > U P S I D E T O V A L U AT I O N > P R O D U C T & G L O B A L M A R K E T ❑ Niche or global need ❑ Near term catalysts ❑ Established & Scalable markets ❑ Materiality to customer contracts ❑ Limited competition ❑ Long term annuity revenues ❑ IP Protection ❑ Strong margins ❑ Macro tailwinds ❑ M&A appeal PAGE | 4
CORPORATE OVERVIEW ESTABLISHED IN 2016 TO DEVELOP MARINE CNG PROJECTS C A P I T A L S T R U C T U R E 2 4 M T H S H A R E P R I C E H I S T O R Y A S X : G E V Ordinary Shares on Issue 362.9m (83%) Market Capitalisation at $0.20/share $72.6m Cash Balance 31 Mar 2019 $3.7m Performance Shares 3 15.9m (3%) Options on Issue 1 42.7m (10%) Performance Rights 2 16.5m (4%) Fully Diluted Shares 438.0m (100%) S H A R E H O L D E R S U M M A R Y C O R P O R A T E M I L E S T O N E S Regal Funds Management Pty Ltd 6.9% • 2016 | established business plan Maurice Brand 6.2% • 2017 | acquired SeaNG ship design and IP Board and Management 20% • 2018 | ship approvals & HOAs for 15-20yr gas supply Top 20 shareholders 4 45% • 2019 | ship contracts, gas supply & target project FID ready Top 50 shareholders 4 65% PAGE | 5 1. 6.11m 10c options, expiry 30/5/20; 2m 14c, expiry 18/6/20; 3m 21c, expiry 19/6/20; 31.63m 40c options, expiry 31/5/20; 2. Performance Rights issued to Maurice Brand, Garry Triglavcanin, Paul Garner, Martin Carolan and consultants 3. Refer to the 30 June 2018 Annual Report for full details of the Milestone Conditions 4. Including shares held by the Board and Management
BOARD & SENIOR MANAGEMENT TRACK RECORD OF VALUE CREATION Garry Triglavcanin Martin Carolan John Fitzpatrick Maurice Brand Paul Garner Jens Jensen Executive Director & Executive Director Chief Technical Officer Executive Chairman & Non-Executive Director Non-Executive Director Chief Executive Officer Chief Development Officer Corporate & Finance GEV Canada Bachelor of Mechanical Eng. & MBA 13-years in the financial markets, with Over 30 years’ of experience as a 30 years’ experience in the Over 15 years’ experience in the Over 30 years’ experience in international energy industry having with 25 years’ experience in the extensive experience in providing international energy industry, directly structural engineer specializing in analysis, international shipping, having concluded design, construction and deployment. foundered ASX listed Energy Equity international energy industry across corporate advisory and capital market focusing on capital raising & restructuring more than 200 ship building contracts. Previous Director of Engineering at SeaNG. Corporation Limited (EEC) in 1985 (now commercial, technical & legal aspects services to a large number of small-cap of companies at various stages of their Responsible for the Optimum ship design. known as EWC); ASX listed Liquefied of project development. ASX companies. development. A partner at Pillarstone Europe, where Natural Gas Limited (LNG) in 2002 and his main responsibility is shipping ASX listed Global Energy Ventures Ltd 12 years with Liquefied Natural Gas Global network of institutional and Instrumental in acquiring the prospect in portfolio/investments. (GEV) in 2016. Limited as Group Commercial sophisticated investors will be invaluable the Gulf of Mexico that produced the Manager, developing a range of to GEV. High Island 24L gas discovery in 2006 for Engaged as part of the senior He was the driving force behind both projects, including the Australian Entek Energy Limited. management of Frontline Ltd/John Fisherman’s Landing LNG Project, EEC and LNG as the Managing Director Joined Foster Stockbroking in 2010, was Fredriksen group from September 2004 and Chief Executive Officer. ASX listed Magnolia United States LNG Project made Executive Director and partner in Director and management roles in to November 2015. LNG being admitted to the ASX 200 in and the Middle East Qeshm Island LNG 2014, and has been primarily responsible various ASX listed juniors. September 2014 with a market Project. for managing relationships with Foster’s capitalisation of A$2.5 billion. institutional and corporate clients. David Stenning Chief Operating Officer GEV Canada Over 30 years’ of engineering experience in the international energy industry, with PAGE | 6 leadership roles in engineering and management. Leading the development of CNG Optimum.
CNG OPTIMUM SHIP CONSTRUCTION READY IN 2019 1960 | Bottle Ship 2019 | CNG OPTIMUM Containment system integrated into the ship design ◉ Long horizontally stacked pipe minimises connections & optimises the cargo hold • ◉ Steel and design factor of the 60’s Optimum IP overcomes the storage pipes rubbing together in a marine environment ◉ • Too many connections • Limited economic range STANDARD HANDYMAX SHIP PATENTED 1998 | Coselle DESIGN • Reduced connections using large coils of small diameter pipe • Modest economic range BOTTLE SHIP JAYANTI BARUNA, INDONESIA, 2016 8x OPTIMUM STORAGE SYSTEM CNG SHIP 25 MMscf 190m Length 200 MMscf Loaded Gas Volume Capacity 17.0m Depth 3,600 psi Operating Pressure CNG OPTIMUM 31.8m Breadth X80/ERW Pipe Grade & Weld Type PAGE | 7 9.4m Full Load Draft 20” Pipe Diameter 200 MMscf 47,500 mt Displacement 100m Individual Pipe Length 14 knots Service Speed 130km Total Length of Pipes
MARINE CNG TRANSPORTATION 200+ MMscf/d provides pipe-to-pipe solution GEV will contract and construct the CNG supply chain to deliver 15-20yr bankable fixed cash flows ‒ CNG Export Terminal (metering, gas treatment, compression, ‒ CNG 200 Optimum ships (fixed price capex & opex) jetty, loading facilities) ‒ CNG Import Terminal (unloading facilities, jetty, scavenging compression, metering) 20yr Gas Take-or-Pay 20yr Gas Purchase Agreement Agreement CNG Transportation CNG Import CNG Export Terminal Terminal SAIL TO MARKET Gas Supply Gas Sales UNLOADING LOADING (Point A) (Point B) PAGE | 8
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