Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2020)
13 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 27, 2020
Slide 1: Bounty Oil and Gas NL Annual General Meeting
Bounty Oil and Gas NL Annual General Meeting November 27, 2020 CEO Presentation ASX Code: BUY Philip Kelso - CEO Drilling Cooper Basin QLD
Slide 2: 2019/20 Highlights
2019/20 Highlights Corporate • Petroleum Revenue $2.91 million (2019 $3.66) • Average price received $93.00/bbl (2019 $91.60) Production • Gross Production 27,286 bbls (2019 39,918) • Most new wells at Naccowlah in full production Appraisal, Development and NFE. • 9 well Naccowlah program completed
Slide 3: Bounty 10 Year Oil Production v Revenue
Bounty Corporate 45 4.0 Bounty 10 Year Oil Production v Revenue 40 3.5 Naccowlah drilling is building 35 oil reserves/resources and 3.0 30 platform for larger projects 2.5 Revenue $MM 25 Kbbl 2.0 20 KN 1 producing 1.5 15 1.0 10 5 0.5 - - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3
Slide 4: Bounty - Road Ahead on Managed Lands
Bounty - Road Ahead on Managed Lands Goal 1 MMbo resource 400 – 700 bopd production Ongoing Development of 1 MMbo Resources Drill Mardi 1 – 200-400 bopd. Drill Eluanbrook 2 – 100-200 bopd Develop Alton Attic – ~100 bopd Alton Oil Field – Back into production 30 bopd PEP 11 (15%) Drill Baleen AVO ano
Slide 5: PEP 11 - High Success Upside
PEP 11 - High Success Upside • PEP 11 joint venture has executed 2010 drill test in PEP11 • Advent Energy planning to drill Baleen AVO Anomaly • Targeting up to 2 TCF gas close to Sydney market • Feeding into Federal gas strategy and Carbon Capture 5 • Major upside for Bounty with successful drill
Slide 6: PEP 11 Baleen Anticline AVO Anomaly
PEP 11 Baleen Anticline AVO Anomaly De risking target - Distinct amplitude (AVO) anomaly, phase change along strike and brightens with offset 6
Slide 7: Surat Basin – Queensland Project Additions
Surat Basin – Queensland Project Additions Alton Field – Development (BUY 100%) • Recover ~48,000 bbl from existing wells. Qi = ~30 bopd • Develop ~168,000 bbls from attic and unswept oil. Qi = ~100 bopd Eluanbrook – Updip Appraisal (BUY 81.75%) • Eluanbrook 1 produced oil and gas to surface, perfor
Slide 8: Naccowlah Block Drilling 2020
Naccowlah Block Drilling 2020 – Continued high success oil appraisal/development based on 3D seismic and leading edge sequence stratigraphy Ensign 950 Super single rig 8
Slide 9: Naccowlah Block 2019-20 Drilling – Bounty's core oil production
Naccowlah Block 2019-20 Drilling – Bounty’s core oil production 150 Bounty Daily Production January 2018 - End Sept Bopd (Calendar) 100 50 0 Jul-18 Jul-19 Jul-20 Nov-18 Nov-19 May-18 May-19 May-20 Jan-18 Mar-18 Sep-18 Jan-19 Mar-19 Sep-19 Jan-20 Mar-20 Sep-20 • Second successive year of exciting app
Slide 10: 2021 and Beyond - The Plan
2021 and Beyond - The Plan Oil Production: • Bounty to focus on controlled lands in Queensland and WA - Rough Range • Aim to lift oil revenue into the $4 - $6 mill pa range • Excellent array of relatively low risk targets Gas strategy: • PEP11 extension awaited • Gas exploration with major upside an
Slide 11: Disclaimer/Competent Person
Disclaimer/Competent Person This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables which could
Slide 12: ASX Listing Rules – Chapter 5 Reserves and Resources
ASX Listing Rules – Chapter 5 Reserves and Resources ASX LISTING RULES 5.25 – 5.45 • All Bounty Oil & Gas NL (Bounty) petroleum Reserves and Resources assessments follow guidelines set forth by the Society of Petroleum Engineers – Petroleum Resource Management System (SPE-PRMS). Bounty is compliant
Slide 13: Bounty Oil & Gas NL – Solid progress in challenging times
Bounty Oil & Gas NL – Solid progress in challenging times Ensign 950 Rig 13
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