TEE latest investor presentation
Our domestic gas exploration Investment Top End Energy (ASX: TEE) just released an updated presentation.
Here are the slides we found most interesting in the presentation:
1). Large landholding across multiple basins -
The following slide summarises where TEE’s portfolio of projects sit and the potential they have.
TEE holds ~170,000km2 of ground across three priority basins in the NT/Qld and its project have gas, helium and gold (natural) hydrogen potential.
2). One of the largest shale gas resources in the world -
TEE holds ground around the Beetaloo Sub-Basin - home to one of the largest shale gas deposits globally and ~500tcf (trillion cubic feat) of natural gas in place.
For some context, since 1965 the Bass Strait gas fields have produced <10 trillion cubic feet of gas and were a primary source of supply for the east coast of Australia.
The benefit of the NT is that it can access both the east coast gas markets and also sell the gas to export markets.
3). Near term catalyst - Drilling at ~715bcf target in QLD.
TEE’s NT projects are still at the application stage meaning the company needs to wait for permits to be granted before it can do any exploration work.
In the meantime, the company is preparing to drill its QLD gas project in 2024, where it has a 715 billion cubic feet gas prospect.
With the recent reaction to Omega Oil and Gas’ find in QLD we think the market will start to take an interest in TEE closer to drilling.
- Helium and natural hydrogen potential -
Recent work the company has done showed that its NT projects have natural hydrogen & helium potential.
What’s next for TEE?
Today’s presentation laid out a clear workflow for the company and expected timeframes:
