CORPORATE PRESENTATION MAY 2019 CORPORATE OVERVIEW C A P I T A L S - PowerPoint PPT Presentation

CORPORATE PRESENTATION MAY 2019

CORPORATE OVERVIEW C A P I T A L S T R U C T U R E A S X : G E V 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 362.9 Market Capitalisation at $0.22/share $79.8m 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 Regal Funds Management Pty Ltd 6.9% Maurice Brand 6.2% Board and Management 20% Top 20 shareholders 4 45% Top 50 shareholders 4 65% 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; PAGE | 2 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 COMMERCIALISATION OF CNG OPTIMUM IN 2019

BOARD & SENIOR MANAGEMENT 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 Development Officer Corporate & Finance GEV Canada Chief Executive Officer Bachelor of Mechanical Eng. & 13-years in the financial markets, Over 30 years’ of experience as a 30 years’ experience in the Over 15 years’ experience in the Over 30 years’ experience in MBA with 25 years’ experience in with extensive experience in structural engineer specializing in international energy industry international energy industry, international shipping, having analysis, design, construction and having foundered ASX listed the international energy providing corporate advisory and directly focusing on capital concluded more than 200 ship deployment. Previous Director of Energy Equity Corporation industry across commercial, capital market services to a large raising & restructuring of building contracts. Engineering at SeaNG. Responsible Limited (EEC) in 1985 (now technical & legal aspects of number of small-cap ASX companies at various stages of project development. companies. for the Optimum ship design. known as EWC); ASX listed their development. A partner at Pillarstone Europe, Liquefied Natural Gas Limited where his main responsibility is (LNG) in 2002 and ASX listed 12 years with Liquefied Natural Global network of institutional and Instrumental in acquiring the shipping portfolio/investments. Global Energy Ventures Ltd Gas Limited as Group sophisticated investors will be prospect in the Gulf of Mexico that (GEV) in 2016. Commercial Manager, invaluable to GEV. produced the High Island 24L gas Engaged as part of the senior developing a range of projects, discovery in 2006 for Entek Energy management of Frontline including the Australian Joined Foster Stockbroking in 2010, He was the driving force behind Limited. Ltd/Fredriksen group from both EEC and LNG as the Fisherman’s Landing LNG was made Executive Director and September 2004 to November Managing Director and Chief Project, Magnolia United States partner in 2014, and has been Director and management roles 2015. Executive Officer. ASX listed LNG LNG Project and the Middle East primarily responsible for in various ASX listed juniors. Qeshm Island LNG Project. managing relationships with being admitted to the ASX 200 in Foster’s institutional and September 2014 with a market David Stenning capitalisation of A$2.5 billion. corporate clients. Chief Operating Officer GEV Canada Whilst at LNG, he initialled the Senoro LNG Plant in Central Over 30 years’ of engineering Sulawasi, Indonesia; first LNG experience in the international PAGE | 3 Plant in Gladstone, Queensland energy industry, with leadership and developed the 8.8 mtpa roles in engineering and Magnolia LNG Plant in Lake management. Leading the Charles, USA. development of CNG Optimum.

◉ ◉ ◉ ◉ ◉ ◉ COAL-TO-GAS SWITCH ACCELERATES GAS DEMAND GAS TO OVERTAKE COAL AS WORLD'S SECOND LARGEST ENERGY SOURCE BY 2030 World Energy Outlook Report, November 2018, International Energy Agency 60% +25 to 50% +45% 25% Of Global Gas Imports Growth in Energy Global Gas Global Energy into Asia by 2040 Demand By 2040 Demand By 2040 Produced by Gas China, already the world’s biggest oil and coal importer, has now become the largest importer of gas Government policy to increase gas usage to 10% of the country's energy mix by 2020 and 15% by 2030 Driven by: fast-tracking CO2 emission controls; switch from coal to gas; & continued economic growth 2018 witnessed China increase LNG volumes by 41% year-on-year Emerging economies in across Asia will account for half of total global gas demand growth and their share of LNG imports to double to 60% by 2040 India doubling gas usage to 15% > +300% increase in the volumes of imported gas required (21mtpa in 2017 to +70mtpa) Pakistan expects the country's LNG demand to more than triple in the next 3-5 years to 25-30 mtpa Regional growth markets in SE Asia targeted for LNG infrastructure hubs; already ~40% gas fired generation PAGE | 4

GEV POSITIONED TO CAPITALISE ON GLOBAL GAS DEMAND 2018-2030 GLOBAL DEMAND GROWTH +167 Mtpa Asia 143 Mtpa +14 -15 +53 ROW 24 Mtpa +9.5 +61 -7.4 +44 +7.1 PAGE | 5

◉ ◉ ◉ CNG OPTIMUM SHIP COMMERCIALISATION OF MARINE CNG 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 • STANDARD range HANDYMAX SHIP PATENTED 1998 | Coselle DESIGN Reduced connections • using large coils of small diameter pipe Modest economic • range APPROVED FOR 8 x BOTTLE SHIP CONSTRUCTION JAYANTI BARUNA, INDONESIA, 2016 25 MMscf OPTIMUM STORAGE SYSTEM CNG SHIP Length 190m 200 MMscf Loaded Gas Volume Capacity Depth 17.0m 3,600 psi Operating Pressure CNG OPTIMUM 31.8m Breadth Pipe Grade & Weld Type X80/ERW 9.4m Full Load Draft PAGE | 6 20” Pipe Diameter 200 MMscf 47,500 mt Displacement Individual Pipe Length 100m 14 knots Service Speed Total Length of Pipes 130km

◉ ◉ ◉ ◉ ◉ ◉ ◉ ◉ ◉ ◉ ◉ CNG OPTIMUM SHIP - CONSTRUCTION READY IN 2019 ◉ GEV’s shipping team is led by Director, Jens Martin Jensen, who has +30 years international shipping experience having concluded more than 200 shipbuilding contracts . ◉ GEV is supported through the appointment of two internationally recognised shipping advisors: ◉ Clarksons Platou as the Company’s ship broker to advise on contracts prior to and during construction. ◉ SeaQuest Marine as lead technical advisor. Q1 2019 Q2 2019 2018 Received ABS Letter of Approval Finalised full technical Q1: Finalised design specification with 3 shipyards Shortlisted 3 shipyards for Ship Q1: Commenced ABS testing CNG OPTIMUM SHIP Technical Specification Selection of 2 Preferred “CONSTRUCTION Q2: Appointed ship broker shipyards to finalise capital cost Received 3 detailed Shipyard and construction schedule READY” Q3: Commenced Shipyard Technical Specifications for qualification (up to 20 yards) construction of the Optimum ship Q4: Successfully completed Testing PAGE | 7 Q4: Final design package

◉ ◉ ◉ CNG PROJECT PORTFOLIO ALIGNED TO GROWTH IN GLOBAL GAS DEMAND Established pipeline of regional projects driven by: growth in gas demand; stranded gas resources; or associated gas resources Projects now into scoping/feasibility to demonstrate marine CNG is a viable alternative to LNG or FLNG 2019: Commercialisation of CNG Optimum through a maiden project FID decision & ownership in stranded gas resources Agreement with Port Meridian (UK) for port capacity & gas sale rights up to 300 MMscf/d (2.3Mtpa LNG equivalent) to supply Uniper Global Commodities SE HOA executed with INDIA OIL CORPORATION LIMITED for the supply of up to 220 MMscf/d of imported CNG for 20yrs (equivalent to 1.5MTPA of LNG) Early stage negotiations on stranded gas fields suitable for HOA with Twinza Oil to undertake a CNG Optimum joint study on CNG offtake from commercialisation. Markets the Pasca A field. Indicative 10yr PAGE | 8 include domestic Malaysia, term at 100MMscf/d (equivalent to Vietnam, Indonesia, Singapore 0.7MTPA of LNG)