Proactive Investors – CEO Series3 - 4 JUNE 2019

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DISCLAIMER

AUSTRALIA AND ALL JURISTICTIONS

The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Global Energy Ventures Ltd (GEV) (ASX:GEV) or to retain or sell anysecurities currently being held . This presentation does not take into account, nor is it intended to take into account, the potential and/or current individual investment objectivesand/or the financial situation of investors.

This presentation was prepared with due care and attention and the information contained herein is, to the best of the GEV’s knowledge, current at the date of the presentation .

This presentation contains forward looking statements that are subject to risk factors associated with the gas and energy industry . The expectations reflected in these statementsare currently considered reasonably based, but they may be affected by a range of variables that could cause actual results or trends to differ materially, including but not limited to :price and currency fluctuations, the ability to obtain reliable gas supply, gas reserve estimates, the ability to locate markets for CNG, fluctuations in gas and CNG prices, project sitelatent conditions, approvals and cost estimates, development progress, operating results, legislative, fiscal and regulatory developments, economic and financial markets conditions,including availability of financing .

All references to dollars, cents or $ in this document is a reference to AUD Dollars, unless otherwise stated.

UNITED STATES (ONLY)

Any offering or solicitation will be made only to qualified prospective investors pursuant to a prospectus or offering memorandum, each of which should be read in their entirety . Tothe extent applicable, any placement of securities will only be available to parties who are “accredited investors” (as defined in Rule 501 promulgated pursuant to the Securities Actof 1933 , as amended) and who are interested in investing in the securities on their own behalf.

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GLOBAL ENERGY VENTURES LTDGLOBAL MARINE GAS TRANSPORTATION USING CNG

• GEV’s business model is to develop, build, own and operate CNGprojects that generate 15-20yr bankable cashflows and makestrategic investments in upstream gas resources.

• CNG Optimum is world leading and the result of over two decadesand US$60 million of research and development – owns the CNGOptimum ship IP.

• 100% ownership of marine CNG ship design and IP

• GEV is actively pursuing four Marine CNG TransportationModels, being:

1. Marine CNG Transportation

2. Stranded Gas Fields

3. Oil Fields with Associated Gas

4. Remote Small-Scale Power Generation

LNG CNGSQUEEZE

600:1 300:1

FREEZE

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ASX MICRO CAPS – STOCK PICKERS CHECKLIST

❑ History of shareholder value creation

❑ Track record for delivery

❑ Insider stock ownership & incentives

❑ Global experience

> B O A R D & M A N A G E M E N T

❑ Niche or global need

❑ Established & Scalable markets

❑ Limited competition

❑ IP Protection

❑Macro tailwinds

> P R O D U C T & G L O B A L M A R K E T

❑ Technology risks

❑ Regulatory hurdles

❑ Financial constraints

❑ Quality of the customer pipeline

> C O M M E R C I A L I S A T I O N R E A D I N E S S

❑ Near term catalysts

❑ Materiality to customer contracts

❑ Long term annuity revenues

❑ Strong margins

❑ M&A appeal

> U P S I D E T O V A L U A T I O N

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C A P I T A L S T R U C T U R E

Ordinary Shares on Issue 362.9m (83%)

Market Capitalisation at $0.20/share $72.6m

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%)

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;2. Performance Rights issued to Maurice Brand, Garry Triglavcanin, Paul Garner, Martin Carolan and consultants3. Refer to the 30 June 2018 Annual Report for full details of the Milestone Conditions4. Including shares held by the Board and Management

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%

CORPORATE OVERVIEWESTABLISHED IN 2016 TO DEVELOP MARINE CNG PROJECTS

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

• 2016 | established business plan

• 2017 | acquired SeaNG ship design and IP

• 2018 | ship approvals & HOAs for 15-20yr gas supply

• 2019 | ship contracts, gas supply & target project FID ready

C O R P O R A T E M I L E S T O N E S

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Garry TriglavcaninExecutive Director &Chief Development Officer

Bachelor of Mechanical Eng. & MBAwith 25 years’ experience in theinternational energy industry acrosscommercial, technical & legal aspectsof project development.

12 years with Liquefied Natural GasLimited as Group CommercialManager, developing a range ofprojects, including the AustralianFisherman’s Landing LNG Project,Magnolia United States LNG Projectand the Middle East Qeshm Island LNGProject.

Martin CarolanExecutive DirectorCorporate & Finance

13-years in the financial markets, withextensive experience in providingcorporate advisory and capital marketservices to a large number of small-capASX companies.

Global network of institutional andsophisticated investors will be invaluableto GEV.

Joined Foster Stockbroking in 2010, wasmade Executive Director and partner in2014, and has been primarily responsiblefor managing relationships with Foster’sinstitutional and corporate clients.

Jens JensenNon-Executive Director

Over 30 years’ experience ininternational shipping, having concludedmore than 200 ship building contracts.

A partner at Pillarstone Europe, wherehis main responsibility is shippingportfolio/investments.

Engaged as part of the seniormanagement of Frontline Ltd/JohnFredriksen group from September 2004to November 2015.

John Fitzpatrick Chief Technical Officer GEV Canada

Over 30 years’ of experience as astructural engineer specializing in analysis,design, construction and deployment.Previous Director of Engineering at SeaNG.Responsible for the Optimum ship design.

David StenningChief Operating OfficerGEV CanadaOver 30 years’ of engineering experiencein the international energy industry, withleadership roles in engineering andmanagement. Leading the developmentof CNG Optimum.

BOARD & SENIOR MANAGEMENTTRACK RECORD OF VALUE CREATION

Paul GarnerNon-Executive Director

Over 15 years’ experience in theinternational energy industry, directlyfocusing on capital raising & restructuringof companies at various stages of theirdevelopment.

Instrumental in acquiring the prospect inthe Gulf of Mexico that produced theHigh Island 24L gas discovery in 2006 forEntek Energy Limited.

Director and management roles invarious ASX listed juniors.

Maurice BrandExecutive Chairman & Chief Executive Officer

30 years’ experience in theinternational energy industry havingfoundered ASX listed Energy EquityCorporation Limited (EEC) in 1985 (nowknown as EWC); ASX listed LiquefiedNatural Gas Limited (LNG) in 2002 andASX listed Global Energy Ventures Ltd(GEV) in 2016.

He was the driving force behind bothEEC and LNG as the Managing Directorand Chief Executive Officer. ASX listedLNG being admitted to the ASX 200 inSeptember 2014 with a marketcapitalisation of A$2.5 billion.

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CNG OPTIMUM SHIPCONSTRUCTION READY IN 2019

• Steel and design factor of the 60’s

• Too many connections• Limited economic range

1960 | Bottle Ship 2019 | CNG OPTIMUM

OPTIMUM STORAGE SYSTEM

200 MMscf Loaded Gas Volume

3,600 psi Operating Pressure

X80/ERW Pipe Grade & Weld Type

20” Pipe Diameter

100m Individual Pipe Length

130km Total Length of Pipes

CNG SHIP

190m Length

17.0m Depth

31.8m Breadth

9.4m Full Load Draft

47,500 mt Displacement

14 knots Service Speed

◉ Containment system integrated into the ship design

◉ Long horizontally stacked pipe minimises connections & optimises the cargo hold

◉ Optimum IP overcomes the storage pipes rubbing together in a marine environment

STANDARDHANDYMAX

SHIPPATENTED

DESIGN

• Reduced connections using large coils of small diameter pipe

• Modest economic range

1998 | Coselle

200 MMscf

CNG OPTIMUM

BOTTLE SHIPJAYANTI BARUNA, INDONESIA, 2016

25 MMscf 8xCapacity

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MARINE CNG TRANSPORTATION200+ MMscf/d provides pipe-to-pipe solution

‒ CNG Export Terminal (metering, gas treatment, compression, jetty, loading facilities)

‒ CNG 200 Optimum ships (fixed price capex & opex)

‒ CNG Import Terminal (unloading facilities, jetty, scavenging compression, metering)

GEV will contract and construct the CNG supply chain to deliver 15-20yr bankable fixed cash flows

20yr Gas Purchase Agreement

20yr Gas Take-or-Pay Agreement

CNG Import Terminal

LOADING UNLOADING

SAIL TO MARKET

Gas Sales(Point B)

CNG Export Terminal

CNG Transportation

Gas Supply(Point A)

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• Significant number of discovered gas fields remain uncommercial due to their limited gas resource size and/or distance to market OR producing oil fields are reinjecting the associated gas.

• Only two options available, being i) pipeline to market; or ii) transportation via floating liquefied natural gas (FLNG) to market.

CNG BUSINESS MODEL SUITABLE FOR OFFSHORE STRANDED GAS & ASSOCIATED GAS ASSETS

OPPORTUNITIES EXIST FOR GEV TO ACQUIRE UPSTREAM OWNERSHIP THROUGH APPLICATION OF CNG

CERTIFIED BUOY

UNLOADINGSAIL TO MARKET

Gas Sales(Point B)

Gas Supply(Point A)

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0

+7.1

+14

+9.5

+44

+61-7.4

+53

ASIA 143 Mtpa

ROW 24 Mtpa

GLOBAL GAS DEMAND GROWTH (2018-2030) +167 Mtpa or +50%

COAL-TO-GAS SWITCH ACCELERATING DEMANDGAS ESTABLISHED AS THE TRANSITION FUEL TO RENEWABLES

Fast-tracking CO2 emission controls | Gasification of China & India | Continued economic growth

+25 to 50% Growth in

Energy Demand By

2040

25% Global Energy

Produced by Gas

60%Of Global Gas Imports into Asia by 2040

+45%Global Gas

Demand By 2040

* World Energy Outlook Report, November 2018, International Energy Agency

6 to 15%China’s gas

use in energy mix

300%India’s gas demand

growth by 2040

+40%China’s

imported gas growth in

2018

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GLOBAL PORTFOLIO OF PROJECTS TARGETING MULITPLE GAS MARKETS FOR COMMERCIALISATION OF CNG

◉ Multiple projects either announced HOA for gas offtake or passed a desktop study given an existing growth gas market

◉ Projects now into scoping/feasibility to demonstrate marine CNG is a viable alternative to a pipeline or LNG

◉ Commercialisation activities the sole focus in 2019

HOA with Twinza Oil to undertake a joint study on CNG offtake from the Pasca A field. Indicative 10yr term at 100MMscf/d (equivalent to 0.7MTPA of LNG)

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)

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

Early stage negotiations on stranded gas fields suitable for CNG Optimum commercialisation. Markets include domestic Malaysia, Vietnam, Indonesia, Singapore

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> JUNE 2019 QUARTER:

✓ Finalise two ship yard construction contracts > capital cost & schedule

✓ Articulate project capital cost assumptions & target equity IRR returns

> SEPTEMBER TO DECEMBER 2019 QUARTERS:

✓ Articulate project economics that support 15-20yr bankable free cash flows for a CNG project

✓ Target maiden HOA for gas supply agreement to match HOA in place for CNG gas offtake

✓ Progress discussions on commercialisation of stranded gas assets in SE Asia using CNG

✓ Identify maiden offshore Associated Gas CNG project (regions include: PNG, Brazil, Africa)

✓ Progress priority projects towards a FID-ready decision

COMPANY RE-RATING CATALYSTS TO COME

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GEV’S MICRO-CAP SCORECARD

ASX MICRO CAPS – STOCK PICKERS CHECKLIST SCORECARD…

BOARD & MANAGEMENT • History of shareholder value creation• Track record for delivery• Insider stock ownership & incentives • Global experience

PRODUCT & GLOBAL MARKET • Niche or global need• Established & Scalable markets• Limited competition• IP Protection• Macro tailwinds

COMMERCIALISATION READINESS • Technology risks• Regulatory hurdles• Financial constraints• Customer pipeline

UPSIDE TO VALUATION • Near term catalysts• Materiality to customer contracts• Long term annuity revenues• Strong margins• M&A appeal

Watch this space in 2019…

Martin CarolanExecutive Director

mcarolan@gev.com+61 404 809019