CORPORATE PRESENTATIONMOROCCOMOROCCO

MARCH 2013

Important Notice

The information in this presentation is in summary form and should not be relied upon as a complete and accuraterepresentation of any matters that a potential investor should consider in evaluating Triangle Energy (Global) Ltd. Whilemanagement has taken every effort to ensure the accuracy of the material in the presentation, the presentation is providedfor information purposes only, Triangle Energy (Global) Ltd, the wholly‐owned subsidiary, Triangle Pase Inc., its officers andmanagement exclude and disclaim any liability in respect of anything done in reliance on the presentationmanagement exclude and disclaim any liability in respect of anything done in reliance on the presentation.

The presentation may contain forward looking statements that are subject to risk factors associated with the oil and gasbusiness, many of which are beyond the control of Triangle Energy (Global) Ltd. It is believed that the expectations reflectedin those statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptionshi h ld t l lt t d t diff t i ll f th d i li d i h t t t Nwhich could cause actual results or trends to differ materially from those expressed or implied in such statements. No

assurance or guarantee, is or should be taken to be, given in relation to the future business or performance or results ofTriangle Energy (Global) Ltd or the likelihood that the assumptions, estimates or outcomes will be achieved.

The material provided to you does not constitute an invitation, solicitation, recommendation or an offer to purchase orsubscribe for securities.

Competent Person Statement

Information in this Presentation that relates to exploration and reserves has been reviewed and signed off by Mr Witanp g yArdjakusumah. Witan is a full‐time employee of Triangle Energy (Global) Limited’s wholly owned subsidiary Triangle Pase Incand is qualified in accordance with ASX listing rule 5.11 and has consented to the inclusion of the information in the form andcontext in which it appears

2

Triangle Energy (Global) LimitedCorporatep

DirectorsJohn Towner, Executive Chairman

Issued CapitalOrdinary Shares 1,425m John Towner, Executive Chairman

Robert Lemmey, Non‐Executive DirectorSteven Hammer, Non‐Executive DirectorLewis Johnson, Non‐Executive Director

Ordinary Shares 1,425mUnlisted rights 56.75m$0.01 Options 27.00m

Market Capitalisation 

ASX Code  TEG

p@1.4 cents per share $19.60m

Cash & Receivables $2.70m

3

Triangle EnergyEntry Into MoroccoEntry Into Morocco   

• Operator with a 75% interest in all permits ith ONHYM h ldi 25%with ONHYM holding 25%

• Negotiating an initial  3 year minimum work program with ONHYMwork program with ONHYM

• LOI covering one of the largest exposures to Morocco with both frontier blocks andto Morocco with both frontier blocks and blocks with historical production

• 4 onshore blocks totalling 12,575km² and g ,2 offshore blocks totalling 9,229km²

• Portfolio of diversified holdings to exploit by rejuvenating  existing proven onshore fields for near term cash flow and the high impact offshore exploration opportunities

4

impact offshore exploration opportunities

Triangle EnergyPosition in MoroccoPosition in Morocco 

Four Onshore Permits: 12,574 km²,

• Known shallow petroleum systems

• Low capital development costs• Low capital development costs Typical case Zahana field US$1.3m (nominal)*  to drill test first well*Wood Mackenzie

Two Offshore Permits: 9,229 km²

• High impact exploration opportunities 

• Largely unexplored shelf setting

• Water depth 0‐300m 

5

MoroccoKey FactsKey Facts  

• Demand ‐ one of Africa's largest domestic energy consumers with significantly higherenergy consumers with significantly higher domestic gas prices

• Supply ‐ Imports 99% of oil and 91% of gasLybia

• Population 33 million

• Stable Political Environment

Algeria

• Excellent fiscal regime designed to attract exploration

• ONHYM participating 25% carried interest

Mali

Mauritania• ONHYM participating 25% carried interest through exploration phase 

• Infrastructure in place for growth

• Underexplored country adjacent to prolific oil & gas countries

L & t il d di i

6

• Large & recent oil and gas discoveries 

MoroccoEnergy DemandsEnergy Demands

• Energy needs grow 8.0%Energy needs grow 8.0% per year on average

• $10.7bn spent $ pimporting energy supplies in 2011

• 93% of the country's energy requirements are imported ¹

• Oil & Gas accounted for the largest share of Morocco’s energ billMorocco’s energy bill

¹ Ministry of Energy, Mines Water and Environment of Morocco 2008.

7

MoroccoCountry Fiscal ComparisonCountry Fiscal Comparison

• Tax / royalty system (gas royalty 5%, oil royalty 10%)

• 10 year corporate tax (30%) holiday on production

• 25% State Participation (OHNYM) 

CanadaMorocco

Average Government Take (%) average = 67%

UKArgentina

Canada

NorwayEgypt

Libya

VenezuelaIndonesia

Norway

8

0% 20% 40% 60% 80% 100%

Source : Ministry of Energy and Mines of Morocco – Key figures 2010

Morocco“Hot Spot”Hot Spot

Significant Industry Interest, Investment & Activity

Exploration and drilling activity is on the rise9 permits issued in 1997, 130 issued to date  

Underexplored PotentialMorocco is significantly underexplored

Recent Recognition of Morocco’s Oil & Gas PotentialFi t il di i 1923First oil discovery in 1923Hydrocarbon Law passed in 1958 (amended in 1992 & 2000) with favourable fiscal regimeONHYM, the state owned oil & gas mining company was formed in 2003 to promote exploration in Morocco to international operatorsexploration in Morocco to international operators

Infrastructure in Place for Growth

9

Substantial infrastructure in‐place to support an increasingly active oil & gas exploration and production industry

MoroccoPeer Group AnalysisPeer Group Analysis

Triangle Energy Limited

Gulf Sands Petroleum Limited

Pura Vida Energy Limited(ASX: PVD)

Tangiers Petroleum LimitedLimited

(ASX: TEG)Limited

(AIM: GPX)(ASX: PVD) Limited

(ASX: TPT)

MarketCapitalisation

A$19.6m A$215m A$77m A$60m

TotalArea

21,804 km² (potential)

(on‐shore & off‐shore)

13,000 km²

(on‐shore)

10,900 km²

(off‐shore)

15,041km²

(off‐shore)

OtherInterests Indonesia: Pase PSC 

100%

Syria: Block 26 PSC 50%*Tunisia: Kerkouane Permit (40%)Tunisia: Chorbane Permit (70%)

* in force majeureGabon: Nkembe PSC (80%)

Australia: Operator of the WA‐442‐P and NT/P81 

Exploration Permits (90%)

Cash A$2.77m@ 3/12/12

A$106.3m @ 30/6/12

A$8.2(plus $15.0mfrom farm‐out)

A$4.175m(plus $7.5m to be 

reimbursed from farm‐out)

Farm OutTerms

n/a Jan 2013Plains Exploration Limited 

(NYSE: PXP)$215m (incl. upfront cash payment of $15m) for 52% 

interest

Dec 2012Galp EnergiaUS$41m 

(incl $7.5m upfront payment) for 50% interest

10

interest

Onshore Permit 1:TSELFATTSELFAT

Near Term Development Potential Permit Area 1 354 k ²

• Proven hydrocarbon system

• Oil & gas produced up until 1990

1,354 km²

g p p

• Remaining discovered oil & gas not yet developed in Haricha field

• Large inventory of oil & gas prospects in untested deeper imbricate play

• 175km² of 3D seismic data available to be reprocessed

• Easy access to the area

• Available existing infrastructure

11

Onshore Block 1:TSELFATTSELFAT  

Forward Plans

• Acquire & process additional 2D seismic over the leads & prospects to mature leads to drillable status

• Reprocess 3D seismic lines and integrate with new acquired 2D seismic data to define well development locations

• Drill 3 to 5 new development wells and install early production facilities.

Triangle is provided with the ideal opportunity of replicating its success in Indonesia by rejuvenating andreplicating its success in Indonesia by rejuvenating and redeveloping an existing proven oil & gas field for early 

production and near term cash flow.

12

p f

Onshore Block 2:ASILAHASILAH

Opportunities Permit Area • Underexplored basin

• Working petroleum system confirmed 

2,200 km²

by numerous gas seeps and oil shows

• 4 prospects mapped

Forward Plans

• Acquire & process new high density 2D seismic over the prospects

• Mature prospect inventory to prepare• Mature prospect inventory to prepare minimum of one prospect for early drilling

13

Onshore Block 3:ABDAABDA

Opportunities• Under explored basin – untested play concepts

• Oil & gas shows in the Devonian reef &

Permit Area2,675 km²

Oil & gas shows in the Devonian reef & Triassic clastic

• Excellent Silurian source rocks identified• 4 prospects mapped – minimal technical work requirements to prepare two of the prospects for drillingp p g

Forward Plans• Acquire  and process additional 2D seismic over the prospects

• Prepare two prospects to drill

14

Prepare two prospects to drill

Onshore Block 4:SOUSSSOUSS 

Opportunity Permit Area • Under explored basin• Previous wells were drilled mostly on young Atlasic structures

6,345 km²

young Atlasic structures• Hydrocarbon shows in wells drilled in the basin demonstrate a proven hydrocarbon system

• Large inventory of leads in Triassic and Jurassic reservoirJurassic reservoir

Forward Plans• Acquire and process additional 2D seismic over the leadsM t i t f d ill bl t

15

• Mature inventory of drillable prospects and drill at least 1 well

Offshore Blocks 5 & 6:C1 & C2C1 & C2

Opportunity Permit Area • High impact exploration potential• Under explored basin

l k

C1 = 4,717 km²C2 = 4,511 km²

• Potential mature source rocks• Shelf setting provides potential for 

very large trapse y a ge aps• Potential Devonian carbonate and 

Triassic sandstone reservoirs

Forward Plans• Acquire & process 2D seismic data• Acquire & process 2D seismic data• Mature prospect inventory and 

prepare a prospect to drill

16

DRAFTDRAFTContact Information

John Towner, Executive ChairmanT +61 8 9286 8300johntowner@triangleenergy com aujohntowner@triangleenergy.com.au

Cornerstone Corporate Pty Ltd ‐Perth

Robert TownerT +61 8 9286 2828

Canaccord Genuity Asia (Hong Kong) Ltd

Peter O’MalleyT +852 2110 3406

17

T  +61 8 9286 2828rtowner@cornerstonecorp.com.au

T +852 2110 3406Peter.omalley@canaccord.com