Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (April 2010)
20 slides from Bass Oil's investor presentation, Apr 21, 2010
Slide 1: Excellence in Oil & Gas - April 2010
For personal use only Excellence in Oil & Gas - April 2010
Slide 2: Clear Exploration Focus on Southeast Australia
Clear Exploration Focus Bese STRAT on Southeast Australia (0) @ Strong permit position; hb excellent leverage to high-impact discovery potential. Oil for Australians @ Coherent, focussed portfolio across three productive basins. bs oe cmaa, @ Offshore drilling & seismic operations experience since 2
Slide 3: Directors and Management
DIRECTORS AND MANAGEMENT For personal use only ¾ John McInnes OAM, Chairman – BComm, FCA, chartered accountant and company director ¾ Andrew Adams, Managing Director – BSc, MBA, former Amoco Canada and Santos executive, member of APPEA Exploration Committee ¾ Dr Henry Askin, Director – former Shell
Slide 4: Corporate Information
CORPORATE INFORMATION For personal use only – ASX code: BAS – 291,030,250 ordinary shares – Total shareholders approximately 2,350 – Top 50 shareholders hold 59% – Albers Group interests 24% – 4.1 million unlisted employee options – Cash on hand approximately $3.8 million – Market capitalisation app
Slide 5: Bass Strait Oil Company Ltd – Permit Interests
BASS STRAIT OIL COMPANY LTD – PERMIT INTERESTS For personal use only TOTAL ACREAGE ca 14,000 sq km IN THREE PRODUCTIVE BASINS Gippsland Basin VIC/P41 – 45% operator VIC/P42 – 100% operator VIC/P47 – 40% operator VIC/P66 – 60% operator Bass Basin T/42P & T/43P – 100% operator Otway Basin PEP167 – 50%
Slide 6: Onshore Otway Basin – BAS Acreage
ONSHORE OTWAY BASIN – BAS ACREAGE For personal use only • $2 million farmout to Interra Resources for PEP 167 Windermere 3D seismic • BAS retains 50% and operatorship. • Interra is new to Australia and is experienced in similar plays in its Asian interests • PEP 167 contains Windermere-1 oil discove
Slide 7: Windermere 3D Seismic Survey
WINDERMERE 3D SEISMIC SURVEY For personal use only • Objective to define extent of Windermere oil discovery in order to optimise location and design of possible appraisal well • Recording operations successfully completed April 2010 • 41 sq km of 3D seismic coverage. • Survey area comprises mostly o
Slide 8: Windermere 3D Seismic Operations
WINDERMERE 3D SEISMIC OPERATIONS For personal use only
Slide 9: PEP167: Windermere-1 Oil Appraisal
PEP167: WINDERMERE-1 OIL APPRAISAL For personal use only Windermere-1: ¾ drilled in 1987 ¾ recovered 32 bbls oils ¾ likely wellbore damage • Technical review indicates good potential for commercial flow rates • Possible drilling next year pending seismic results • Follow-up leads also addressed by W
Slide 10: BAS - Gippsland Basin Acreage
BAS - GIPPSLAND BASIN ACREAGE For personal use only
Slide 11: VIC/P47: Offshore Gippsland Basin
VIC/P47: OFFSHORE GIPPSLAND BASIN For personal use only •Continuing farmout interest •Existing gas discoveries at Judith and Moby with nearby infrastructure •Longtom gas field (Nexus) now on production is analogue for Judith - both Emperor Sub Group reservoirs •Patricia Baleen (Santos) is analogue f
Slide 12: Independent Resource Certification
INDEPENDENT RESOURCE CERTIFICATION Gaffney Cline Associates For personal use only GIIP bcf EUR bcf Low Best High Low Best High Judith-1 Contingent 87.8 298.1 1245.6 48.3 193.7 934.2 TDS-1 Prospective 24.3 156.8 479.7 13.3 101.9 359.8 Judith South Prospective 5.7 25.8 172.5 3.2 16.8 129.4 Potential J
Slide 13: VIC/P41: Prospects and Leads
VIC/P41: PROSPECTS AND LEADS For personal use only 3D-defined, high-impact prospects Kipling, analogous to Kipper field P50: 124 MMbbls +620 Bcf Benchley, GB and Halibut targets P50: 184 MMbbls + 1.4 Tcf Oscar, analogous to Basker/Manta P50 combined total - 40 MMbbls Oscar 3D (Unrisked, 100% volum
Slide 14: VIC/P66: Gippsland Basin Extension Play
VIC/P66: GIPPSLAND BASIN EXTENSION PLAY For personal use only Vic/P66 •BAS – 60% & operator •No wells & sparse seismic control •Possible extensions of Vic/P41 plays and leads (e.g. Lead A) •Preliminary interpretation of existing data supports play extension
Slide 15: VIC/P42: Prospects & Leads
VIC/P42: PROSPECTS & LEADS For personal use only Renewal complete - BAS 100% and operator Zane Grey and Omeo discoveries Renewal area fully covered by 3D seismic Seismic data sets to be reprocessed
Slide 16: VIC/P42: Tarra Southeast and Tarra North
VIC/P42: TARRA Southeast and TARRA North For personal use only TARRA PROSPECTS • 3D defined Top Latrobe features Tarra SE • Closures mapped on Downthrown both upthrown and downthrown fault blocks (Tarra SE) • ‘Stacked pay’ potential Seismic Traverse • Dolphin Field analogue Tarra SE Upthrown 0 5km
Slide 17: VIC/P42: Tarra SE & Dolphin Field Analogue
VIC/P42: TARRA SE & DOLPHIN FIELD ANALOGUE For personal use only Top Latrobe Tarra SE Dolphin Field 24 MMbbls Prospect Dolphin Field
Slide 18: Bass Basin Acreage – BAS 100% and operator
BASS BASIN ACREAGE – BAS 100% and operator For personal use only T/42P & T/43P - total 6,120 sq km capturing much of the Durroon Sub basin play Under explored area with one well, limited 2D seismic. New 2D seismic and basin modelling. Favourably located - infra structure and growth markets,
Slide 19: Bass Basin Acreage – Summary of recent results
BASS BASIN ACREAGE – BAS 100% and operator Summary of recent results: For personal use only • petroleum ‘kitchen’ areas have the potential to have generated large volumes of oil and gas • an inventory of large prospects defined on high quality data with a number of play types • short and direct migr
Slide 20: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by Bass Strait Oil Company 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 for or purchase any securities in the
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