ASX Announcement 3 June 2019

PROACTIVE INVESTORS CEO SERIES PRESENTATION JUNE 2019

Global Energy Ventures Limited (GEV.ASX) will be presenting the following presentation at Proactive’s CEO Investor Series in Sydney on 3 June 2019 and Melbourne on 4 June 2019.

For further information please contact:

About Global Energy Ventures Ltd The Company’s mission is to create shareholder value through the delivery of integrated CNG solutions to global gas markets. CNG is a well proven solution with technical and commercial advantages along with being safe and environmentally friendly. This will be achieved by the following objectives:

• Continue the roll out of GEV CNG Optimum and maintain global leadership in marine CNG;

• Pursue multiple CNG projects to improve the probability of success;

• Secure access to strategic gas resources that provide for an integrated CNG gas supply solution;

• Offer CNG project stakeholder’s flexible commercial arrangements;

• Employ world class management and staff that are leaders in their chosen discipline; and

• Maintain the highest standards of efficiency, safety and environmental responsibility.

Maurice Brand Chairman & CEO M: +61 8 9322 6955 E: mbrand@gev.com

Martin Carolan Executive Director, Corporate & Finance M: +61 404809010 E: mcarolan@gev.com

Proactive Investors – CEO Series3 - 4 JUNE 2019

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DISCLAIMER

AUSTRALIA AND ALL JURISTICTIONSThe 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 any securities 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 objectives and/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 atthe date of the presentation .

This presentation contains forward looking statements that are subject to risk factors associated with the gas and energy industry . Theexpectations reflected in these statements are currently considered reasonably based, but they may be affected by a range of variables that couldcause actual results or trends to differ materially, including but not limited to : price and currency fluctuations, the ability to obtain reliable gassupply, gas reserve estimates, the ability to locate markets for CNG, fluctuations in gas and CNG prices, project site latent conditions, approvals andcost estimates, development progress, operating results, legislative, fiscal and regulatory developments, economic and financial marketsconditions, 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 whichshould be read in their entirety . To the 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 Act of 1933 , as amended) and who are interested in investing in the securities on theirown behalf.

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GLOBAL ENERGY VENTURES LTDGLOBAL MARINE GAS TRANSPORTATION USING CNG

• GEV’s business model is to develop, build, own andoperate CNG projects that generate 15-20yr bankablecashflows and make strategic investments in upstreamgas resources.

• CNG Optimum is world leading and the result of overtwo decades and US$60 million of research anddevelopment – owns the CNG Optimum ship IP.

• 100% ownership of marine CNG ship design and IP• GEV is actively pursuing four Marine CNG

Transportation Models, being:1. Marine CNG Transportation2. Stranded Gas Fields3. Oil Fields with Associated Gas4. Remote Small-Scale Power Generation

LNG CNGSQUEEZE

60 0 : 1 30 0 : 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. &MBA with 25 years’ experience inthe international energyindustry across commercial,technical & legal aspects ofproject development.

12 years with Liquefied NaturalGas Limited as GroupCommercial Manager,developing a range of projects,including the AustralianFisherman’s Landing LNGProject, Magnolia United StatesLNG Project and the Middle EastQeshm Island LNG Project.

Martin CarolanExecutive DirectorCorporate & Finance

13-years in the financial markets,with extensive experience inproviding corporate advisory andcapital market services to a largenumber of small-cap ASXcompanies.

Global network of institutional andsophisticated investors will beinvaluable to GEV.

Joined Foster Stockbroking in 2010,was made Executive Director andpartner in 2014, and has beenprimarily responsible formanaging relationships withFoster’s institutional andcorporate clients.

Jens JensenNon-Executive Director

Over 30 years’ experience ininternational shipping, havingconcluded more than 200 shipbuilding contracts.

A partner at Pillarstone Europe,where his main responsibility isshipping portfolio/investments.

Engaged as part of the seniormanagement of FrontlineLtd/John Fredriksen group fromSeptember 2004 to November2015.

John Fitzpatrick Chief Technical Officer GEV Canada

Over 30 years’ of experience as astructural engineer specializing inanalysis, design, construction anddeployment. Previous Director ofEngineering at SeaNG. Responsiblefor the Optimum ship design.

David StenningChief Operating OfficerGEV CanadaOver 30 years’ of engineeringexperience in the internationalenergy industry, with leadershiproles in engineering andmanagement. Leading thedevelopment of CNG Optimum.

BOARD & SENIOR MANAGEMENTTRACK RECORD OF VALUE CREATION

Paul GarnerNon-Executive Director

Over 15 years’ experience in theinternational energy industry,directly focusing on capitalraising & restructuring ofcompanies at various stages oftheir development.

Instrumental in acquiring theprospect in the Gulf of Mexico thatproduced the High Island 24L gasdiscovery in 2006 for Entek EnergyLimited.

Director and management rolesin various ASX listed juniors.

Maurice BrandExecutive Chairman & Chief Executive Officer

30 years’ experience in theinternational energy industryhaving foundered ASX listedEnergy Equity CorporationLimited (EEC) in 1985 (nowknown as EWC); ASX listedLiquefied Natural Gas Limited(LNG) in 2002 and ASX listedGlobal Energy Ventures Ltd(GEV) in 2016.

He was the driving force behindboth EEC and LNG as theManaging Director and ChiefExecutive Officer. ASX listed LNGbeing 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 SYSTEM200 MMscf Loaded Gas Volume3,600 psi Operating PressureX80/ERW Pipe Grade & Weld Type20” Pipe Diameter100m Individual Pipe Length130km Total Length of Pipes

CNG SHIP190m Length17.0m Depth31.8m Breadth9.4m Full Load Draft47,500 mt Displacement14 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 MMscfCNG 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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+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 UniperGlobal 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