13th September 2018

Transborders Energy (TBE) Chief Financial Officer, Anna Sudlow, presented at the 2018 RIU Good Oil Conference (Perth, Australia) on the topic of “Stranded Gas Resource Commercialisation – Small Scale FLNG Projects”.

Anna presented that, “there are approximately 240 discovered but stranded offshore gas resources within the range of ~0.5 to 5.0 Trillion Cubic Feet (TCF) of Expected Ultimate Recovery (EUR) each, of which approximately 40, representing 65 TCF of EUR, are in the Australian jurisdiction.”

Anna also referred to LNG industry player views that “the crossover point for LNG demand exceeding supply has come forward by about 4 years (~2021). Previously the market consensus had expected the inflexion point to be ~2025.”

Within such context, Anna presented that “TBE’s FLNG Solution provides a predetermined ~1.2 million tons per annum (MTPA) FLNG unit and a commercial framework (including LNG Buyer) to a resource owner. TBE’s FLNG Solution delivers an accelerated development solution to convert stranded resources into 2P reserves within 12 months and achieve project sanction (FID) within 24 months from project commencement. TBE’s FLNG Solution also provides LNG buyers access to a competitive LNG supply source.”

Anna also shared her aspiration to replicate and grow global LNG supply sources via TBE’s FLNG Solution deployment business.

RIU Good Oil Conference is Australia’s pre-eminent oil and gas investment forum for explorers and producers. The conference gathered over 700 delegates from across Australia and around the world.