Presentation to 2009 Annual General MeetingPresentation to 2009 Annual General Meeting

20 November 2009

November 09 1

Greg SolomonChairman

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Disclaimer – Forward-looking Statements and Projections

Whilst 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 risk factors, particularly related to the Indian market, 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 rollout of the Natural Gas

pipeline system and the accessibility of Natural Gas in India, limitations in the available quantities of

Natural Gas, 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,

November 09 2

changes in Indian Government or Indian Supreme Court policies and rulings, market competition,

shortages in raw materials and labour, increases in cost of labour and materials, national or international

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.

November 09 2

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Overview

� Corporate Objectives

- to develop and market globally clean energy technologies with a focus on

promotion of hydrogen

- to promote the company’s various energy production assets as separate

entities/ vehicles in which Eden will remain as a significant shareholder

November 09 3November 09 3

entities/ vehicles in which Eden will remain as a significant shareholder

� Existing Clean Energy Products and Technologies

- Hythane® - a premium blend of natural gas with 7% (by energy) hydrogen

- OptiBlend -dual fuel kit for engines using diesel and natural gas or Hythane®

- Hydrogen fueled internal combustion engine

- Production of hydrogen and carbon fibres from methane without CO2

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Corporate Structure

CORPORATE

HOLDING

Eden Energy Ltd (AUSTRALIA)

Eden Innovations Ltd Energy Assets

November 09 4November 09 4

HOLDING

OPERATIONAL

Eden Innovations Ltd(Ireland)

Energy Assets

Hythane

Company LLC

(USA)

Coal Bed/Seam

Methane

(Wales, UK)

(to be sold or joint

ventured)

Natural Gas

South Australia

(AUS)

(to be sold or joint

ventured)

Terratherma

(Geothermal)

South Australia

(AUS)

(to be sold or joint

ventured)

Eden Energy

India Pvt Ltd

(India)

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Existing Clean Energy ProductsExisting Clean Energy Products

Hythane® - a high efficiency, ultra-low emission, premium blend of natural gas

containing 7% hydrogen (by energy)

- products include blenders for mixing the gas, designing and

building the refueling stations, engine calibrations

OptiBlend® Dual Fuel - a proprietary dual fuel system to operate diesel engines on a

November 09 5

OptiBlend® Dual Fuel - a proprietary dual fuel system to operate diesel engines on a

mixture of up to 70% natural gas/ propane and 30% of the diesel

Hydrogen IC Engine - a US patented, ultra-high efficiency, ultra-low emission internal

combustion engine

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Emerging Clean Energy ProductsEmerging Clean Energy Products

Hydrogen and Solid Carbon /Nantotubes Production without CO2

- a Joint Venture with University of Queensland (Eden-50%)

- a new agreement with a major third party to fund the up-scaling to

prototype is being negotiated

November 09 6

prototype is being negotiated

OptiBlend® Dual Fuel Kit Improvements

- improved design to economise dual fuel kit is being developed

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Markets for Existing Product RangeMarkets for Existing Product Range

Hythane® and OptiBlend® Dual Fuel

Current Markets

India ,USA

November 09 7

India ,USA

Possible Mid-Term Future Markets

China, Malaysia, Bangladesh, Australia, Singapore, Middle East, South America

Hydrogen Internal Combustion Engine

Possible Mid-Term Future Markets

India, China, USAFor

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Major Drivers for Hydrogen MarketsMajor Drivers for Hydrogen Markets

� Environmental - Local air pollution

- Concern for global climate change

� Economic - Comparative fuel prices

- Comparative efficiency of application

- Public health costs

November 09 8

- Public health costs

- Carbon trading

� Energy independence - Push to end dependence on oil and develop green alternatives

� Renewable energy - Need to develop renewable energy with H2 as energy carrier

� Political - Progressive leadership or younger voter pressureFor

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Hydrogen Infrastructure

� Fundamental Dilemma

- How to fund hydrogen infrastructure before hydrogen fleets exist?

- How does a hydrogen fleet develop without available infrastructure?

November 09 9November 09 9

- How does a hydrogen fleet develop without available infrastructure?

� The Solution - Hythane®

- existing natural gas fleet uses the new hydrogen infrastructure

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Hythane ® - the transitional fuel

� Low-cost, premium blend of Hydrogen and Natural Gas:

5-7% H2 (by energy); 20% H2 (by volume)

H2 + CH4 ����

HythaneSignificantly lower pollution / Higher efficiency

November 09 10

� Ultra-low emissions – 50% Nox /CO - meets 2010 Indian emission standards

� High efficiency - 10-15% increase in efficiency with suitable engines

� Low cost-only software changes to suitable engines

� Anticipated cost ≈ 10% more than natural gas

� Complies with existing natural gas safety standards

November 09 10

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The Hythane® Process

CH4

Natural Gas

Pipeline

Reformer

H

November 09 11November 09 11

Blender

Compressor

H2

Hythane®

Storage Tanks

Low pressure Blending Option Shown For

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CNG, 300 km

H2,<70 km in same tank

Storage Volume Comparison

H2, 300 km

4.5 times more volume

Hythane, 300 km

1.2 times more volume

12November 09

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Hythane®- the leveraged use of HydrogenHydrogen Vehicle

CNG Vehicle

Hythane VehicleCase 1: Convert 7 CNG Vehicles to Hydrogen

Result: 7% NOx reduction, 7% hydrogen energy

Result: 50% NOx reduction, 7% hydrogen energy

Case 2: Convert 100 CNG Vehicles to Hythane

13November 09

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Denver Hythane® Emissions Results

2

2.5

3

HOT 505 EMISSIONS, GRAMS/MI.

November 09 14November 09 14

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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Hythane® Bus ProjectsMontreal 1993Montreal 1993--19951995

November 09 15November 09 15

California 2002California 2002--20042004For

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Existing Natural Gas Markets Support Hythane®

� Hythane® complies with existing natural gas safety regulations

� CNG no longer experimental - over 3 million vehicles globally

� Existing CNG/LCNG vehicles can easily be converted to operate on Hythane� Existing CNG/LCNG vehicles can easily be converted to operate on Hythane

� Hythane can be deployed at existing CNG and LCNG stations

� Natural gas reformers and Hythane blending equipment is available

� Customer base already accustomed to using a gaseous fuel

16November 09

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� Extreme urban air pollution -Indian Supreme Court identified 20 cities for natural gas

� Government support - funded First Public Hythane® station – Delhi 2009

� The 2006 Indian hydrogen roadmap proposes Hythane® as transitional fuel

� Natural Gas is far cheaper (per GGE) than diesel (up to 60% cheaper)

WHY INDIA WILL ADOPT HYTHANE®

Eden in India

November 09 17

�

� Increasing supply of natural gas – 5Mtpa to 25Mtpa over 5 years, starting April 2009

� National rollout of natural gas pipelines

� City Gas distribution networks in 8 cities increasing to 28 medium term and 300 longer term

� 5 new City Gas licences issued in April 2009

� 2008 India adopts Hythane® as Natural Gas- regulations planned for August 2009

� Natural gas already a major vehicle fuel – GAIL plans 2000 further gas stations

November 09 17

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First Public Indian Hythane® Station

Delhi January 2009

November 09 18November 09 18

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Domestic Gas

• Eastern Cost

Upcoming LNG Terminals

• Dhabol (5 MMTPA)

• Kochi (2.5 MMTPA)

DAHEJ I & II

10 MMTPA

HAZIRA

2.5MMTPA

TURKMENISTAN

IRAN

Courtesy of Gas Authority of IndiaINDIAN GAS SUPPLY

November 09 19

NEW GAS DISCOVERIES

Existing LNG Terminals

• Dahej (5 to 10 MMTPA)

• Hazira (2.5 MMTPA)

Cross Border Pipelines

• Iran-Pakistan-India

• Turkmenistan-

Afghanistan-Pakistan-

India

DABHOL

KOCHI

DABHOL

5 MMTPA

KOCHI

5 MMTPA

DAHEJ

HAZIRA

2.5MMTPA

LG TERM’s- Existing

TRANS – NATIONAL P/L

LNG TERM’s- Upcoming

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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

November 09 20

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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PHOOLPUR

BAREILLYDELHI

AGARTALA

KANPUR

LUCKNOW

PATNA

AGRA

JHANSI

FARIDABAD

VARANASIJODHPUR

JHARIA

GURGAON

NOIDA

ALLAHABAD

MATHURA

GWALIORKOTA

SILCHAR

LUDHIANA

GHAZIABAD

PANIPAT

CHANDIGARH

AMRITSAR

JAIPUR

UDAIPUR NEEMRANA-

BHIWADI

GAIL CITY GAS / CNG

• Growth From Existing

Cities to 28 Cities

• More Cities as Pipelines

Reach New Areas

November 09 21

City Gas/ CNGExisting (8 cities)

Planned (28 Cities)

AGARTALA

AHMEDABAD

RAJKOT

UJJAIN

MUMBAI

HYDERABAD

PUNE

SHOLAPUR

BANGALORE

CHENNAI

KOLKOTA

RAJMUNDARY

VIJAYWADA

VADODRA

NAVI MUMBAI

THANE

INDORE

SURENDRANAGAR

KOCHI

• Target - 230 Cities

(Longer Term)

Courtesy of Gas Authority of IndiaFor

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OptiBlend System Description

� Applicable to a wide range of diesel engine applications

� Displaces over 70% of diesel fuel with natural gas in diesel generators

� Numerous sensors feedback to PLC

� Allow maximum diesel displacement

� Maintain superior engine protection

� Payback period of less than 1 year for larger generators

� First three Indian sales installed – up to 70% diesel displacement achieved

22November 09

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OptiBlend Market Drivers

� Huge cost savings

� Dramatic cost savings in full and part time applications

� Payback period less than 12 months for larger gensets

� Emission reduction� Emission reduction

� Over 60% NOx reduction

� Up to 10% reduction in CO2

� Over 60% increase in backup power capacity

� Reduction of dependence on diesel deliveries

� Reduction of diesel tank maintenance for standby applications

23November 09

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OptiBlend-Typical Power Production Costs

Assumptions: Diesel = $1.25/liter, Natural Gas = $10 mmbtu, Cummins K19 Genset

24November 09

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OptiBlend-Typical NOx Production

Assumptions: Diesel = $1.25/liter, Natural Gas = $10 mmbtu, Cummins K19 Genset

25November 09

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Major System Components

Gas Train Knock Detector

Mixer PLC Vibration Sensor

26November 09

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Advantages of OptiBlend

� No internal engine modifications

� No OEM control system modifications

� Maintains OEM power output

Optimizes displacement at all loads - <70% natural gas achieved � Optimizes displacement at all loads - <70% natural gas achieved

� Capable of multiple alternative fuels

� Methane, Propane

� Methane and Hydrogen

� Reverts to 100% diesel if alternative fuel supply fails

� Payback period of less than 1 year for larger gensets

27November 09

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Target Hythane® and Dual Fuel Timetable

Timeline Anticipated Action

2009-2010 � First Public Hythane Station opens- built by Hythane Co

� First L&T manufactured hydrogen reformer completed

� Finalise Government regulations for vehicles and stations.

Eden in India

November 09 28November 09 28

� Finalise Government regulations for vehicles and stations.

� Demonstration Hythane bus projects – Gujarat and Mumbai

� Demonstration dual fuel kit projects – Assam, Mumbai, Gujarat

� Start commercial rollout of OptiBlend Dual Fuel kits.

2011 – 2013 � Start commercial rollout of Hythane buses.

� Ramp-up to commercial rollout of OptiBlend Dual Fuel gensets

� Demonstrations on Hythane/ Dual Fuel locomotives

2013 & Beyond � Full commercial rollout of Hythane for all vehicles, gensets and

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Production of H2 and Carbon Nanotubes from CH4

� New process developed in JV with UQ

� Patent applications lodged

� No CO2 – H2 becomes a very high value byproduct

� Produces hydrogen and single and multi-walled carbon

November 09 29

� Produces hydrogen and single and multi-walled carbon

nanotubes and carbon fibres

- tensile strength up to 200-300 times steel

- approx 17% the weight of steel

- great electrical / structural qualities

- potential replacement for steel/aluminium in vehicles, aircraft and many other applications

� Joint venture with Indian major under negotiation

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Energy Assets

• Eden Energy Limited - 50% Joint venture ( with Coastal Oil and Gas) -11 Licences

- 5% Joint venture ( with Coastal Oil and Gas / Centrica)- 4 CSM licences

- 50% Joint venture/Farm-in ( with Coastal Oil and Gas ) -4 NG Licences

• 18 Petroleum Exploration and Development Blocks in Wales, SW England and Kent

• Targets - Coal Seam Methane

COAL SEAM METHANE/ CONVENTIONAL GAS (WALES, UK)

November 09 30

• Targets - Coal Seam Methane

- Abandoned Mine Methane

- Conventional Natural Gas

- Shale Gas

• Total area 1800km2

• Digitised Welsh coal mine data

• High UK Gas Prices

• New listed company planned

November 09 30

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JV with Centrica / Coastal Oil and Gas

Eden- 5% interest( in CSM)

� First CSM well – good gas content and permeability, average gas compositions, gas

content increasing steadily with depth from 1m3/tonne to >9m3/t

S WALES COAL SEAM METHANE (CSM) JV - 4 PEDLS

Energy Assets

November 09 31

content increasing steadily with depth from 1m3/tonne to >9m3/t

� Second CSM well – completed, permeability testing May-08, up to 18 seams, each

up to 4m thick, well completion at 810m, initial in situ gas contents up to

11.4m3/t (dry and ash-free), average of 8.4m3/t

� Third CSM well – incomplete result following unexpected upthrust basement

� Farm-In obligations complete on PEDL 100, 148 and 149 for CSM

� PEDL 100 - Preliminary resource- 380- 670Ptj ( approx 380- 670 Bcf)

November 09 31

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Energy AssetsNATURAL GAS (SOUTH AUSTRALIA)

Location: Proximal to Olympic Dam mining Seismic

November 09 32November 09 32

� Drill target identified

� Intention to combine with CSM in new gas

company- discussions commenced

� Drilling planned within 18 months

� Higher risk ( Proterozoic age), but very

close to huge industrial gas market

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GEOTHERMAL- SOUTH AUSTRALIA

�4 project areas, 15 licences/

applications

�GEL 185-adjacent to Geodynamics

Energy Assets

November 09 33November 09 33

�GEL 185-adjacent to Geodynamics

�GEL 185- JV with Origin Energy- $1m

+ $500k expenditure for 70%.

�Planned float of Terratherma on the

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Greg Solomon

November 09 34

Greg 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 gsolomon@edenenergy.com.au

Website: www.edenenergy.com.auFor

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