Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2010)
24 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 29, 2010
Slide 1: Bounty Oil & Gas NL AGM 29th November 2010
Bountyy Oil & Gas NL For personal use only AGM 29th November, November 2010 Presentation by: Philip F Kelso - CEO
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation contains forward looking statements that are subject to risk f t factors associated i t d with ith the th oilil andd gas industry. i d t It is i believed b li d that th t the th expectations reflected in these statements are reasonable but they may
Slide 3: Late Press - PEP 11 Sydney Basin
LATE PRESS - PEP 11 Sydney y y Basin For personal use only • Semi sub rig Ocean Patriot to drill New Seaclem 1 farm in well in PEP 11 55km east of Newcastle, offshore Sydney Basin • Operational handover – 7 December 2010 • Likely timing for well - mid December 2010 after loading and tow to location
Slide 4: BUY – Take Home Message
BUY – TAKE HOME MESSAGE For personal use only • Growth Assets – Major Gas Potential: • Drilling of Marlin – Great White (MGW) in PEP 11 will see BUY free carried in first ever offshore well in the Sydney Basin targeting world class gas potential associated with the Permian coals and Cainozoic which
Slide 5: Company Snapshot
Company p y Snapshot p For personal use only Head Office Production Australia Cooper-Eromanga Basins Utopia - 40% Cooper-Eromanga Basins Naccowlah Block - 2% Surat Basin Downlands - 24.748% Oil Appraisal Australia Surat Basin Bellbird Oil Field - 33.33% Surat Basin Spring Grove - 24.748% Surat Basin
Slide 6: Share and Reserve Summary
Share and Reserve Summaryy For personal use only Share Summary As at 22 November 2010 52 Week Price Range $0.07 to $0.12 Shares Quoted 698,839,762 O i Options 16 000 000 16,000,000 Fully Diluted 714,839,762 ASX Closing Price $0.105 Market Capitalisation $75 million Petroleum Reserve Summary Australi
Slide 7: BUY – Take Home Message
BUY – TAKE HOME MESSAGE For personal use only • Core Assets – Oil/Gas Focus : • November 2010 drilling 3 new wells at Utopia, Q. • Surat Basin Mardi Prospect p will be tested for oil in April p 2011 • Tanzania : Nyuni 2 targeting 200 BCF in 2011 • Acquiring Naccowlah Block and other Cooper oil acrea
Slide 8: Achievements 2010
Achievements 2010 Joint Venture increased target For personal use only prospective resources to 2.4 TCF gas Acquired 100% of ATP 789P between Bargie and Utopia oil Fields. Ubute 1 well drilling in late 2010 in the AC/P 32 adjacent permit established 7 metres of gassy coal at 300 metres depth. Offset
Slide 9: High Impact Growth Activities 2011
High g Impact p Growth Activities 2011 For personal use only BUY 15% targeting 180 MMbo AC/P 32 Tanzania Nyuni EP 359, ATP 789 412 & 435 Naccowlah BUY 5% targeting 1.3 TCF Gas Utopia PEL 218 Surat Production Exploration High Impact Exploration PEP 11 Offshore Well BUY 15% targeting 4 TCF Gas • Bount
Slide 10: Core Oil Activities - 2011
Core Oil Activities - 2011 For personal use only AC/P 32 Tanzania Nyuni BUY 40% Targeting 100 - 200 BOPD EP 359, ATP 789 412 & 435 ? Naccowlah BUY 50% Targeting 300,000 bbls BUY 10% Targeting g g 5 MMBO PEL 218 Utopia Surat Production Exploration High Impact Exploration PEP 11 Exploration Well Devel
Slide 11: Current Month Drilling Programme
Current 12 Month Drilling g Programme g For personal use only Dec 2010 Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 PEP 11 Nyuni PSA Utopia ATP 754P Mardi EP 359 Offshore Gas Exploration Onshore Oil Development Onshore Oil Exploration Current pla
Slide 12: Project Report Projects Going Forward
For personal use only Project Report 12 Projects Going Forward
Slide 13: PEP 11 New Seaclem Well
PEP 11 New Seaclem 1 Well For personal use only New Seaclem 1 • Drilling to commence in late 2010 after rig has finished 2 Esso wells in Bass Strait • New Seaclem 1 (NSC1) targets massive seismic anomalies most likely due to gas Newcastle charged g sands in the Tertiaryy sequence q • Shallow depths
Slide 14: New Seaclem Targets
New Seaclem 1 Targets g For personal use only S Seismic Line B4-05 N New Seaclem 1 -100.00 -100.00 -100.000 -200 00 -200.00 -200 000 -200.00 -200.000 00 -300.00 Great White -300.00 -300.000 Sea m -400.00 -400.00 -400.000 Depth Sub S Shallow -500.00 Amplitude -500.00 -500.000 Anomaly Top Permo-Triass
Slide 15: A Producing Analogue – Chevron A12 Field
A Producing g Analogue g – Chevron A12 Field For personal use only A 12 Gas Field un da ry • Located the Dutch North Sea ea Bo • Stacked sands at subsea depth of between 350 – S 700 m. identical to the prognosis for NSC 1 No rth h Du tc Shallow Gas Field Gas Field Oil Field • Identified as strong br
Slide 16: Cooper Eromanga Oil Development
Cooper p Eromanga g Oil Development p For personal use only ATP 789P - 100% SA QLD • Cooper/Eromanga assets now 0 50 100 producing 70 bopd n Kilo m e tre s si B a • 2010/11 0 0 Development evelop e t aandd r ope NFE programme designed to o PEL 218 - 23.28% C add at least another 100 bopd • 2P reserv
Slide 17: Utopia Development Drilling – BUY 40%
Utopia p Development p Drilling g – BUY 40% For personal use only Utopia Field Top Pay Depth Structure Utopia 3 Utopia 5 Utopia 2 Utopia 6 Utopia 7 Utopia 1 Utopia 8 Utopia 9 Utopia 10 Ufouria 1H 0 300 600 Metres Ufouria 1 Utopia 10 will be drilled vertically offsetting Utopia 8 and the Murta Reserv
Slide 18: Naccowlah Block
Naccowlah Block For personal use only 259P N PL 182 PL 87 • Bounty Acquired 2% of the 82 Naccowlah ATP 259P and xx 107 149 PL 175 181 ATP 259P N Production Leases, effective April 1, 79 PL 109 105 2010 PL 62 PL 189 Yanda PL 25 Naccowlah South Pitchery • Naccowlah produces 40 bopd net to Naccowlah We
Slide 19: Surat Basin Oil Exploration and Development - Queensland
Surat Basin Oil Exploration and Development p -QQueensland For personal use only Gas Field Oil Field Gas Prospect/Lead Oil Prospect/Lead Boxvale Prospect/Lead Production Licence Small scale production 15 PL 11 9 Gas Pipeline Oil Pipeline • Well with Oil Show Surat Well With Oil and Gas Show boepd Do
Slide 20: Mardi Prospect ATP 754P – BUY 50%
Mardi Prospect p ATP 754P – BUY 50% For personal use only • Mardi Prospect is the high point surrounded by Permian Source Rocks, up dip from proven oil at Eluanbrook, Louise, Harbour and Narrows as well as the Evergreen Formation hosted 2 MMBO Alton Oil Field. • Faults provide oil migration path fro
Slide 21: Tanzania – BUY 5%
Bewara East B Bewara W Westt Okuza Tanzania – BUY 5% For personal use only 0.49 Tcf Nyuni Nyuni West 0.87 Tcf • Kiliwani North Contingent Resources 40 Bcf gas 3.5 km. from Songo Songo Gas Plant Amina Nyuni East • Third Party upgrade of plant and pipeline to To Da D es Salaam Dar S l in i planning l
Slide 22: Nyuni Target
Nyuni y 2 Target g For personal use only A Nyuni 1 Nyuni 2 B -2200 _ Albian Aptian -2300 _ Neocomian Gas A -2400 _ B -2500 2500 _ 25 m Gas Column in Albian Aptian Nyuni 1 -2600 _ -2700 _ Gas Down to in Nyuni 1 -2800 _ -2900 _ Lowest Closing Contour -3000 _ • Directly targeting gas in Aptian/Albian r
Slide 23: Rough Range – Onshore Carnarvon Basin, WA
Rough g Range g – Onshore Carnarvon Basin,, WA For personal use only EP 359 (1) Bee Easter Prospect Rivoli Schematic E Gearle Siltstone diolarite Windalia Ra hale Muderong S Trap EP 359 (2) Birdrong Sandstone EP 435 n- ra tio t fault R Rough hRRange mi g Oil on pos pt i PL L16 i nce Bee Eater EP 359
Slide 24: AC/P 32 – Vulcan Graben - BUY 15%
AC/P 32 – Vulcan Graben - BUY 15% For personal use only Challis East Swan 1 Swan Cassini AC/P 32 Puffin Birch 1 Hibiscus ut Azalea T lb t Talbot ho Hi nc Skua Wisteria 1 bis Pi cu nd Wisteria 1 sC Talbot 1 Sa ha n ffi n ne l ig h Pu tH lb o Ta Oil Field Montara Gas Field Structural Prospect Stratigr
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