Bass Oil Ltd · ASX:BAS
Bass Oil — RIU Good Oil Conference 2019
18 slides from Bass Oil's conference presentation, Sep 11, 2019
Slide 1: Indonesia – Substantial Oil & Gas Investment Potential
ASX:BAS www.bassoil.com.au For personal use only Indonesia – Substantial Oil & Gas Investment Potential RIU Good Oil Conference – September 2019
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: For personal use only This presentation has been prepared by Bass Oil Ltd (“BAS” or the “Company”), with the purpose of providing general information about the Company. It should not be considered as an offer or invitation to subscribe fo
Slide 3: Growth: Impact and Opportunity in Indonesia
GROWTH: IMPACT AND OPPORTUNITY IN INDONESIA For personal use only Increased In 2018 Bass increased its Proved Reserves by 76% and posted record production of 850 barrels of oil per day Reserves & (bopd) JV share in October. Current capacity at in excess of Production 700 bopd The recent Placement an
Slide 4: Production and Drill Program
For personal use only PRODUCTION AND DRILL PROGRAM Good Oil Conference • September 2019 4
Slide 5: Existing Asset: Simple, Low Cost, Profitable Production
EXISTING ASSET: SIMPLE, LOW COST, PROFITABLE PRODUCTION For personal use only Bass holds a 55% JV interest in and Operates the producing Tangai-Sukananti KSO in the oil rich South Sumatra Basin Experienced on-ground Indonesian team manages the operations Consistent production at the long-life
Slide 6: Bunian to Double Production
BUNIAN 5 TO DOUBLE PRODUCTION For personal use only Bunian-5 planned to spud late September 30 days to drill, complete and bring into production Bunian-5 is a development well, attracting a Bunien-5 high probability of success Bunian-5 is expected to: double field production up to 1400bopd
Slide 7: CY18 vs CY19 Production and Forecast – Net to Bass
CY18 VS CY19 PRODUCTION AND FORECAST – NET TO BASS For personal use only 25000 Aiming to double production with Bunian-5 20000 Barrels of Oil Produced per month – Net to Bass 15000 10000 5000 0 January February March April May June July August September October November December CY18 Production CY19
Slide 8: Business Development
For personal use only BUSINESS DEVELOPMENT Good Oil Conference • September 2019 8
Slide 9: Business Development: Transformation via Acquisitions
BUSINESS DEVELOPMENT: TRANSFORMATION VIA ACQUISITIONS For personal use only Company Transforming Material, company-changing acquisition of producing asset(s) Strategic (Type 1) Actively screening deals Growth Measured exposure to high impact Material Growth exploration Larger scale potential
Slide 10: Indonesia: World-Class Discoveries with Infrastructure
INDONESIA: WORLD-CLASS DISCOVERIES WITH INFRASTRUCTURE Kalimantan For personal use only 24.93 BBOE Sulawesi / East Indonesia 5.52 BBOE Sumatra 48.66 BBOE Java 14.53 BBOE 2016 In Place Resources BBOE = Billion Barrels of Oil Equivalent Source: SKK Migas - Indonesia Revisited 2017 Good Oil Conference
Slide 11: World Class Discoveries Still Being Made in Indonesia
WORLD CLASS DISCOVERIES STILL BEING MADE IN INDONESIA Western Indonesia hosts numerous Repsol For personal use only producing fields – world class Discovery discoveries are still being made Regulators key exploration focus targets; Basin Centred Play in Central Sumatra and Fractured Basement Pla
Slide 12: Improving Oil Recovery: Reserves Growth Opportunity
IMPROVING OIL RECOVERY: RESERVES GROWTH OPPORTUNITY Billions of barrels of unrecovered oil For personal use only potential can be exploited using available Oil Recovery Est : Improved Oil Recovery (IOR) technologies on mature fields Remaining Reserves: ~5% The average recovery factor in Indonesi
Slide 13: Why Invest in Bass Oil?
WHY INVEST IN BASS OIL? Production growth For personal use only Strong Low operating cost (~US$20/bbl) Production Increased Proved Reserves increases certainty of production profile and company value Set to double production in 2019 with drilling commencing at Bunian 5 in October Growth and
Slide 14: Appendices
For personal use only APPENDICES Good Oil Conference • September 2019 14
Slide 15: Bass Oil Limited: Corporate Snapshot
BASS OIL LIMITED (ASX:BAS): CORPORATE SNAPSHOT Capital Structure Share Ownership Summary For personal use only Market Cap @0.2c (1-Sept-19) A$5.84 m 12% Shares On Issue 2.922 m Cooper Energy 10% Tino Guglielmo Cash Estimate (1-Sept-19) ~US$0.4M Tattersfield Group 68% 6% Mark Lindh Debt (1-Sept-19) N
Slide 16: ~$2.7 Million for Entitlement Offer
~$2.7 MILLION 1 FOR 2 ENTITLEMENT OFFER For personal use only • Offer to raise approximately A$2.7 million through a non-renounceable 1 for 2 entitlement offer (“Entitlement Offer”); o The Offer price is A$0.002 per New Share (“Offer Price”), which represents a: • The Entitlement Offer includes a 1
Slide 17: Senior Management and Directors
SENIOR MANAGEMENT AND DIRECTORS Board of Directors Executive Management For personal use only Peter Mullins 40 year senior banking career experience in Giustino 36 year Australian and international executive Non Australia and New York as key Commonwealth Guglielmo petroleum engineering career, E
Slide 18: Contact
For further information, please do not hesitate to contact: For personal use only BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au Good Oil Conference • September 2019 18