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ANNUAL GENERAL MEETINGANNUAL GENERAL MEETINGANNUAL GENERAL MEETINGANNUAL GENERAL MEETING
31 October 201131 October 2011
Greg SolomonChairmanF
or p
erso
nal u
se o
nly
Corporate StructureCorporate Structure
Eden Energy Ltd (AUSTRALIA)
Clean Energy Energy Production
January 2011October 11 2
Eden Energy
India Pvt Ltd
(India)
100%
Pyrolysis
and Gas to
Liquids
Technology
100%
Clean Energy Energy Production
Coal Bed
Methane/Shale
Gas
(Wales, UK)
50%/100%
(IPO planned)
Natural Gas
South Australia
(AUS)
100%
(Suspended)
Terratherma
(Geothermal)
South Australia
(AUS)
100%
(Suspended)
Hythane
Company
LLC
(USA)
100%
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Current Clean Energy ProductsCurrent Clean Energy Products
• Pyrolysis Project - Solid Carbon and Hydrogen
Production without CO2
- Single Walled Carbon Nanotubes (SWCNT)
- Multi Walled Carbon Nanotubes (MWCNT)
- Carbon Nanofibres (CNF)
January 2011
- Carbon Nanofibres (CNF)
• Hythane®- India and US
• OptiBlend® Dual Fuel - India and US
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Current Energy Projects Current Energy Projects
UK- CBM - Coal Bed Methane JV-50% (2100km2)
UK- Shale/ - Shale Gas/Conventional Gas JV-50% (2100km2)
Conventional
January 2011
SA Natural Gas - Untested natural gas target (100km x 10km)
- 100% -Obligations suspended for 12 months
SA Geothermal - 100% -Obligations suspended 12 months
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Low Cost Production of Carbon Fibres/Nanotubes and H2 from CH4
• New process developed with UQ
• Patent applications lodged -over 50 countries
• No CO2 – H2 becomes a high value byproduct
•Produces hydrogen and single /multi-walled
carbon nanotubes and carbon fibres
Pyrolysis Project Pyrolysis Project –– Eden 100%Eden 100%
January 2011
carbon nanotubes and carbon fibres
- tensile strength up to 200-300 times steel
- approx 17% the weight of steel
- structural /electrical/ thermal qualities
• Scale -up by Eden in US - encouraging results
• Commercial prototype is operational in USFor
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Eden Energy CNT/ CNF ProductionEden Energy CNT/ CNF Production
Hydrogen
Carbon
Natural Gas Supply
Catalyst Feed Reactor
Hydrogen Product
Carbon
Inert Gas
CNT’s
Carbon Product
CH4
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• New Cost Competitive Technology being developed in US
- Catalyst Formulae and production of MWCNT and CNF
- Commercial scale reactor operational in US
- Provisional patent applications lodged
Pyrolysis Project SummaryPyrolysis Project Summary
• Products – (from natural gas with catalyst)
- MWCNT – super-strong/ electrical/thermal conductivity
- CNF – compressive strength/ electrical/thermal conductivity
- Hydrogen
January 2011
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Production of HProduction of H22 and Carbon Nanotubes from CHand Carbon Nanotubes from CH44
October 11
TEM image of MWCNT produced at Hythane Co in Denver
January 2011
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Commercial Scale Reactor Operational Commercial Scale Reactor Operational
January 2011
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Commercial Scale Reactor Operational Commercial Scale Reactor Operational
January 2011
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Commercial Scale Reactor Operational Commercial Scale Reactor Operational
January 2011
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Eden MWNT Catalyst YieldEden MWNT Catalyst Yield(Shown in grams carbon per grams catalyst)
January 2011
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• Current- estimated at approx 2000 tpa
- Largest producer- 500tpa
- 3 producers – 200 tpa each
- Rapidly expanding market
CNT Market Projected GrowthCNT Market Projected Growth
- Rapidly expanding market
• Many new emerging applications
- Structural (composite materials/ concrete/ tyres)
- Electrical ( conduction and storage)
• Compounding growth estimated at more than 11%pa
January 2011
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• 30 tpa unit operational August 2011
• Full scale commercial unit (100-250tpa) by Oct 2011
• Produces MWCNT/ CNF for following target markets:
- Concrete / Composite plastics
Eden's Targets for 2011 Eden's Targets for 2011
- Concrete / Composite plastics
- compressive/tensile strength/electrical and thermal qualities
- Electrical Applications
- batteries, electronic paper, conductive paint and coatings
- Tyre manufacturing
- to extend life of tyres and reduce weight
January 2011
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MWNT Current US Market PricesMWNT Current US Market Prices(20-30nm diameter, >85% wt. purity)
Prices are anticipated to drop with increasing order size and increasing supply
January 2011
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• Existing Sales of CNF and MWCNT achieved
- for batteries and electronic paper
• Distributors marketing Eden's MWCNT in bulk quantities
• Development of additional applications being undertaken:
CommercialisationCommercialisation of Nanoof Nano--carbon fibrescarbon fibres
• Development of additional applications being undertaken:
- Concrete / Composite plastics
- for compressive strength and electrical and thermal qualities
- Tyre manufacturing
- to extend life of tyres and reduce weight
January 2011
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Hythane ® Hythane ® -- the transitional fuelthe transitional fuel
• Premium blend of Natural Gas
- 5-7% H2 (by energy); 20% H2 (by volume)
• Ultra-low emissions – 50% NOx /CO - Euro V emission standards
H2 + CH4 ����
HythaneSignificantly lower pollution / Higher efficiency
January 2011
• Ultra-low emissions – 50% NOx /CO - Euro V emission standards
• High efficiency - 10-15% increase in efficiency with suitable engines
• Low engine cost -only software changes to suitable engines
• Anticipated Hythane® sale price ≈ 10% more than natural gas
• Tested over 15 years – adopted in Indian Hydrogen Roadmap
October 11 17
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Denver Hythane® Emissions ResultsDenver Hythane® Emissions Results
2
2.5
3
HOT 505 EMISSIONS, GRAMS/MI.
January 2011October 11 18
THC CO NOx
0
0.5
1
1.5
NG HY NG HYNG HYHOT 505 EMISSIONS, GRAMS/MI.
Output of pollutants (grams per mile) of Natural Gas versus Hythane®. Source: Colorado Department of Health
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• Extreme air pollution – Govt push to reduce pollution
• 2006 Indian hydrogen roadmap - proposes HCNG as transitional fuel
• Cost of natural gas – <60% cheaper (per GGE) than diesel
History of Hythane® in IndiaHistory of Hythane® in India
January 2011
• Cost of natural gas – <60% cheaper (per GGE) than diesel
Increasing supply – 5Mtpa to 25Mtpa over 5 years
National rollout of pipelines and Gas distribution networks
• 2009 First Public Hythane® station – Delhi - built by Eden
October 11 19
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First Indian Hythane® Station First Indian Hythane® Station Delhi January 2009
January 2011October 11 20
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LNG
JAGDISHPUR
PHOOLPUR
BHATINDA
BAREILLY
DISPUR
DELHI
AGARTALA
LUCKNOW
PATNA
KOTA
MATHANIA
GWALIOR
UJJAIN
AGRA
GAYAVARANASI
JHANSI
DAHEJ I & II
10 mmtpa*
AURAIYA
VIJAYPUR
KANPUR
NANGAL
GURGAUN
BARMER
INDIAN GAS INFRASTRUCTURE
CURRENT & FUTURE
Courtesy of Gas Authority of India
January 2011
LNG
Existing
Transmission Pipelines
Existing
Upcoming
GAIL’s Planned Pipeline
RIL’s East West Pipeline
RIL’s Planned Pipeline
GSPC’s Planned Pipeline
City Gas/ CNG
Existing
Planned
LNG Terminal
INTEGRATED GRID TO LINK ANY SOURCE TO ANY MARKET
BARODA
AHMEDABAD
RAJKOTUJJAIN
KOLKATA
BOKARO
HAZIRA
2.5 mmtpa
COIMBTORE
MANGLORE
MUMBAIBHUBANESHWAR
KRISHNAPATNAM
NELLORE
CHENNAI
TUTICORIN
TIRUCHCHIRAPALLI
HASANBANGLORE
KOLHAPUR
SOLAPURKAKINADA
VIJAYAWADA
DAMRA
DABHOL
5 mmtpa
KANJIKKOD
GOA
CUTTACK
VIJAYPUR
PUNE
BHARUCH
SURAT
HYDERABAD
RAJAMUNDRY
BHOPAL
KOCHI
5 mmtpa
ENNORE
2.5 mmtpaMANGALORE
2.5 mmtpaFor
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• 2011 Hythane® demonstration planned – Mumbai or Gujarat
- some delay but project still looks likely
• Objective- to establish economics of a commercial Hythane®
Future of Hythane® in IndiaFuture of Hythane® in India
January 2011
• Agreements signed with GSPC and GAIL, MGL
• Initially 2 buses planned and expanding to 70-90 buses
• Duration- 18-24 months – then planned commercial rollout
• Potential - up to 500,000 buses over 5-10 years
• Total Market - Buses, trucks, cars, auto rickshaws, locomotives
October 11 22
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Hythane® Economics and Revenue ModelHythane® Economics and Revenue Model
Economics
• Hythane® production costs- approx 4-6% more than natural gas
• Increased efficiency in Hythane® engines ( 6.5%-15% targeted)
• Marginal increase in cost of vehicles- software change only• Marginal increase in cost of vehicles- software change only
• New pyrolysis process -cheaper hydrogen and Hythane® possible
Eden's projected revenue sources
• Sale or lease of stations and/or equipment
• Sale of fuel from station (solely owned or JV
• Engine conversions and royalties
• Possible carbon credits – approx 15 tonnes/year CO2 savings per busJanuary 2011
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OptiBlend Dual Fuel SystemOptiBlend Dual Fuel System
• Displaces up to 70% of diesel with natural gas in diesel engines
• Indian market – hundreds of thousands of gensets / locomotives
• Huge cost savings
• Dramatic cost savings in full and part time applications
• Payback period less than 12 months for larger gensets
• First sales of Indian and US kits – expanding with gas supplies
• Eden India cash flow positive
• Target to make Eden cash flow positive within 18 months
October 11January 2011
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OptiBlendOptiBlend-- Indian Installation Indian Installation
October 11January 2011
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OptiBlendOptiBlend--Typical Power Production CostsTypical Power Production Costs
Assumptions: Diesel = $1.25/liter, Natural Gas = $10 mmbtu, Cummins K19 Genset
October 11January 2011
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Energy Assets Energy Assets
50% Joint venture (with Coastal Oil and Gas) -17 Licences - 100% - 3 licences
COAL BED METHANE/ CONVENTIONAL/ SHALE GAS (WALES, UK)
January 2011October 11 27
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UK Gas Asset OverviewUK Gas Asset Overview
• Spinout underway – ASX IPO - Adamo Energy Ltd – proposed $11m raising when appropriate
• Large UK landholding – 50% interest in 17 licences/ 100% in 3 Licences
– 2,100km2 (510,000 acres) gross approx-– South Wales, Bristol and Kent
• Shale Gas Resource (Source: RPS Dallas independent expert report)
– GIIP P50 = 49.8 tcf (Gross) : Eden 24.9 tcf (Net)
– Prospective Recoverable Resource P50 = 18.3 tcf (Gross) : Eden 9.2 tcf (net)
January 2011
• CBM Resource (Source: RISC independent expert report)
– Prospective Resource P50 = 3.1 tcf (Gross) : Eden 1.4 tcf (net)
– Contingent Resource South Wales 2C = 980 bcf (Gross) : Adamo 332 bcf (net)
October 11 28
Tcf (net Eden) GIIP (P50)
2C 3C Prospective
Resource (P50)
CBM 3.2 0.3 0.5 1.4
Shale Gas 24.9 9.2For
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Management TeamManagement TeamSimon Gorringe – Technical Manager (UK)
• Chemical engineer with 30+ years in upstream
and downstream oil & gas industry
• Senior technical and management roles
including BG Group, BHP Petroleum, Conoco
etc
• Current Exec director CH+ (UK)
Christopher Newport – Commercial
Other Technical Support- CH+
Dr Tim Dibb - Geology/ Geophysics Manager
Trevor Ridley - Petroleum Engineering
Darrell Girgent i- Drilling Manager
Dr Scott McKelvie - OHS/ Environmental
[Christopher Newport – Commercial
Support
• Chartered Accountant -25 years experience in
oil and gas
• Senior commercial and management roles
including Santos, BHP Petroleum, Delhi
petroleum
• Current commercial director CH+ (UK)
[
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UK Gas MarketUK Gas MarketJune 2011 National Balancing Point (NBP) gas price of ₤0.59/therm (US$9.50 / mmbtu; A$9.50 / GJ)
Price volatility strongly tied to seasonal demand shifts, supply fluctuations and storage capacity constraints
North Sea in decline
UK is net importer of petroleum with growing
October 11 30
• Major customers situated on gas licences in South Wales (steel mill, paper mill, insulation factory)
• Milford Haven LNG terminal and major pipeline and energy network nearby
UK is net importer of petroleum with growing dependence on imported gas (Qatar & Russia
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Capital Structure 31 October 2011Capital Structure 31 October 2011
ASX Code: EDE
Total Shares: 240m
Share Price: $0.062
October 11 31
Share Price: $0.062
Market Capitalisation $14.88m
Cash and Receivables $1.1m
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Greg SolomonGreg SolomonExecutive Chairman
Level 40, Exchange Plaza,2 The Esplanade,
Perth, Western Australia,Australia. 6000
Telephone +618 9282 5889Mobile +614 0206 0000
Fax +618 9282 5866Email [email protected]
Website: www.edenenergy.com.auFor
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Disclaimer – Forward-looking Statements and ProjectionsWhilst reasonable care has been taken in compiling the forward projections in this presentation, they
necessarily are based on many assumptions and factors that are beyond the control of the company and
accordingly there is no representation or warranty given that these projections will be achieved. There are
many uncertain market and exploration risk factors on all the projects, particularly related to new markets
and products such as carbon nanotubes and fibres and energy projects including the coal bed methane,
shale gas, natural gas and geothermal projects, all of which are at very early stages of development. On
the technology projects, the risks are varied, including risk that patent applications will not be granted, or
another party may claim priority or that other methods of producing better and cheaper alternative
products will be developed and that projected prices will not be achievable. In the Indian market, there
are many risks which are beyond the control of the company and which could significantly impact on both
January 2011
are many risks which are beyond the control of the company and which could significantly impact on both
the prices that are achieved , the sales turnover and the production and operating costs. These risks
include delays in the availability of the Natural Gas in India, increases in the price of Natural Gas, reduction
in the price of alternate fuels such as diesel, changes in Indian Government or Indian Supreme Court
policies and rulings, market competition, shortages and cost increases in raw materials and labour,
political or economic instability, problems with reliability of equipment produced and sold, warranty
claims, currency fluctuations, restrictions on foreign investment, disputes with potential joint venturers,
market resistance to the products or services offered, lack of available capital or finance, restrictions on
international travel and similar factors beyond the control of the company. For these reasons, all potential
investors and others must satisfy themselves on the reliability of these forward looking projections before
acting upon any information provided to them in relation to forward looking projections, and neither the
company nor any of its officers make any representations, warranties or commitments that these or any
other forward projections will necessarily be achieved.
October 11 33
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