Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Investor Presentation (April 2010)
23 slides from Bounty Oil & Gas Nl's investor presentation, Apr 19, 2010
Slide 1: Excellence in Oil & Gas
Bounty Oil & For personal use only Gas NL Excellence in Oil & Gas Sydney April 19, 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 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 c
Slide 3: Late Press - PEP 11 Sydney Basin
LATE PRESS - PEP 11 Sydney Basin For personal use only • Farm in partner Advent Energy is expected to announce in next 24 hours that it has contracted a semi sub rig to drill the farm in well in PEP 11 offshore Sydney Basin • Likely timing for well - August –September 2010 • Drilling time – 25 days
Slide 4: Project Locations and 2010 Operations
Project Locations and 2010 Operations AC/P 32 For personal use only Tanzania Nyuni EP 412, 359 & 435 Utopia Production, Development and NFE Projects Oil - Utopia, PEL 218 and Surat PEL 218 ? Surat Gas - Nyuni Tanzania Medium Risk Exploration Projects Oil - PEL 218 PEP 11 Oil & Gas - EP 412 and 435 S
Slide 5: Bounty on Track for 2010 Growth
Bounty on Track for 2010 Growth For personal use only • PEP 11 drilling: • will test potentially large new hydrocarbon province • and see major activity in BUY stock this year • Bounty is growing by aggressively pursuing its core oil strategy • Utopia drilling is likely in late 2010 to increase BUY’
Slide 6: Corporate Profile
CORPORATE PROFILE For personal use only 52 Week Price Range $0.016 to $0.17 Shares Quoted 698,839,762 Options 14,000,000 Fully Diluted 712,839,762 ASX Price* $0.105 Market Capitalisation $73 million Half Year Profit $1.23 million up 170% *as at12:00 hrs 4 March, 2010 6
Slide 7: BUY December 2009 Snapshot
BUY 31 December 2009 snapshot For personal use only Head Office Production Australia Cooper-Eromanga Basins Utopia - 40% Surat Basin Downlands - 24.748% Oil Appraisal Australia Surat Basin Bellbird Oil Field - 33.33% Surat Basin Spring Grove - 24.748% Carnarvon Basin Rough Range - 10% Gas Appraisal
Slide 8: 12 Months Price History
Clsoing Price $ Closing 8 For personal use only Rights Drilling 0 04 0.02 0.04 0.06 0.08 0.12 0.14 0.16 0.18 0 0.1 Mar 26, 2009 Apr 3, 2009 Announcements Apr 13, 2009 Apr 21, 2009 Apr 29, 2009 May 7, 2009 May 15, 2009 May 25, 2009 Jun 2, 2009 Jun 10, 2009 Jun 18, 2009 Jun 29, 2009 Jul 7, 2009 Jul 15
Slide 9: Core Projects - 2010
Core Projects - 2010 For personal use only Utopia Development • Drill 3 - 6 new wells in 2010 • Ultimately drill up to 30 new wells to fully develop 2 MMbo of reserves • Staged programme over 3 years largely funded out of production • Aiming to deliver 100 - 160 bopd to Bounty by end 2010, and~250 b
Slide 10: PEP 11 - Sydney Basin NSW Company Maker
PEP 11 - Sydney Basin NSW Company Maker For personal use only • Targeting up to 16 Tcf (P10) recoverable from several strong prospects • Proven hydrocarbon system, with new prospects identified in the Cenozoic (Quaternary) • Pre drill site surveys commencing, drilling contract imminent • Long lead i
Slide 11: South Fish Well
South Fish Well For personal use only Very Robust Structures 11 Major structures in PEP 11
Slide 12: Utopia Field - BUY 40%
Utopia Field – BUY 40% For personal use only • Utopia field is in a shallow anticline at the Murta level • 3 successful development well Nos 7 – 9 drilled December - January • Reserves validated at 2.9 mmbo at 2P level (proved +probable) • Up to 30 more wells to be drilled in the next 3 years • Arou
Slide 13: Utopia Development Forward Projections
Utopia Development Forward Projections For personal use only 25 Utopia Development Projected Bounty Production in Barrels Utopia Development Projected Bounty Cash Flow 80000 20 70000 Cumulative Cash Flow 60000 15 Cash Flow Before Tax 50000 A$ millions 40000 10 Oil Price = US$70/bbl A$ = US$0.90 3000
Slide 14: PEL 218 Location northeast of Moomba SA
PEL 218 Location northeast of Moomba SA –Buy 23.28% For personal use only QLD SA Juniper/Flax Fly Lake/Brolga Tirrawarra PEL 218 Gas Field Merrimelia Wakefield Oil Field Oil Pipeline Gas Pipeline Meranji Gidgealpa Orientos Moomba Patroclus Spencer Nappacoongee East Epsilon Moomba Mudlalee Mooliampah
Slide 15: PEL 218 - Wakefield Results
PEL 218 – Wakefield 1 Results • Wakefield 1was the first well to be drilled specifically for oil in For personal use only the middle of the Nappamerri Trough • The well encountered log derived oil pay at several horizons in the Mesozoic sequence as follows: Formation Possible Pay m Probable Pay m Mu
Slide 16: Surat Basin Land - Oil Focus
Surat Basin Land - Oil Focus For personal use only Downlands/Spring Grove • Bounty has a portfolio of oil, gas PL 1 1 9 Permian Oil and CSG assets in the oil prone Surat South Western Surat Basin ATP 470P F • Principal target is oil, especially proven oil accumulations which ATP PL 7 1 754P Gas Fiel
Slide 17: Bellbird Oil Field - BUY 33.33%
Bellbird Oil Field – BUY 33.33% For personal use only • Bellbird 1 flowed 54 bopd on Dalkeith 1 production Bellbird Sand Oil Pool Bellbird Sand Lead Boxvale Prospect • Bellbird West 1 recovered 6 litres of Captain Cook 1 Oil Well Oil Show oil at surface it was never tested Mireeka 1 Louise Northeast
Slide 18: Mardi Prospect Surat QLD - BUY 50%
Mardi Prospect Surat QLD - BUY 50% Sh o Narrows For personal use only Ze wg Louise ro ro E d un ge ds 0.12 MMbo 754P Mardie Prospect 0 2.5 5 Eluanbrook 1 Kilometres line Jac kson - M oonie Pipe Alton ATP 754P 2.0 MMbo Fairymount 1.2 MMbo • Mardi Evergreen Formation Prospect is up dip of both the Sho
Slide 19: Downlands PL119 and ATP 471P SG
Downlands PL119 and ATP 471P SG – BUY 24.7485% For personal use only PL 119 Downlands 4 Downlands East 1 Downlands Downlands 1 Gas Field Downlands 2 Downlands 3 Downlands East 2 Spring Grove 2 Spring Grove 1 Gas Pool Gas Prospect Spring Grove Oil Pool Oil Prospect Oil Field 0 0.5 Kilometres 1.0 ATP
Slide 20: Nyuni - Tanzania
Nyuni – Tanzania Bewara West Bewara East BUY 5% For personal use only Nyuni • JV has made two gas discoveries from 3 wells at Nyuni West Kiliwani North and Nyuni Nyuni East • Kiliwani North 1 – 40 – 60 BCF contingent gas Amina • Only 3.5 km. from gas plant and pipeline to market, commercialisation n
Slide 21: EP 359, 412, 435 - Carnarvon Basin WA
EP 412 (BUY 65%), EP 359 & 435 (10%) – Carnarvon Basin WA For personal use only EP 359 (1) • These permits surround the Rough Range oil Rivoli field and are targeting oil that has migrated out from the prolific Carnarvon Basin and gas in the Permian Section underlying the Carnarvon Basin • Bee Eater
Slide 22: AC/P 32 - BUY 15%
AC/P 32 – BUY 15% For personal use only AC 07-3 AC/P 21 Challis Swan Cassini P 22 AC/L 6 AC/L 3 Puffin P 22 AC/P 32 AC/L 8 RL 1 Talbot • Some large stratigraphic targets with Skua potential recoverable oil exceeding 100 AC/P 34 AC 08-5 Mmbo • Permit surrounded by oil and gas fields AC/L 7 AC 08-6 Mo
Slide 23: BUY - Take Home Message
BUY – TAKE HOME MESSAGE For personal use only • Growth Assets: • Drilling of Fish-Baleen in PEP 11 will see BUY participate in an offshore well in the Sydney Basin targeting world class gas potential associated with the Permian coals of the Sydney Basin which if successful will deliver major value g
Bounty Oil & Gas NL — Investor Presentation (April 2010) on 6ix