Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2014)
23 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 20, 2014
Slide 1: Annual General Meeting CEO's Presentation
For personal use only Annual General Meeting 20 November, CEO’s Presentation Philip F Kelso 2014
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: ASX Listing Rules – Chapter 5 Reserves and Resources
ASX Listing Rules – Chapter 5 Reserves and Resources • ASX LISTING RULES 5.25 – 5.45 For personal use only • • 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-P
Slide 4: Project Report
Project Report For personal use only What are we going to look at? • Key Outcomes 2014 • Strategy • Review of 2014 Performance • Way Forward 2014 – 15 • Projects Overview • SW Queensland Oil Production • Kiliwani North Gas Commercialisation • Nyuni PSA – Tanzania • AC/P 32 Timor Sea 500 MMboip Azale
Slide 5: Key Outcomes 2014 Australia
Key Outcomes 2014 Australia For personal use only • Profit after tax of $ 1.14 million • Oil revenue reaches record of $ 3.14 million • Revenue and sale of listed securities generate $ 4.12 million • Oil Business strategy on track to provide further growth:- • AC/P32 renewed for 5 years and Bounty s
Slide 6: Key Outcomes 2014 Tanzania
Key Outcomes 2014 Tanzania For personal use only • Major gas pipeline and plant construction now almost completed will provide sales line for Kiliwani North (KN) gas field to commence gas sales in early 2015 • Nyuni PSA – new 3D seismic planned to image deep water turbidite gas plays of up to 1.3 TC
Slide 7: Way Forward 2014-15
Way Forward 2014 - 15 For personal use only Oil • Ongoing development and appraisal drilling at Naccowlah (SW Qld) • Appraisal Drilling PL 2, Surat Basin Qld • Working over oil leg at Downlands, Surat Basin Qld Gas • Produce at 2 MMcfg/d net to BUY initially for 6 years. Will lift BUY production fro
Slide 8: Strategy
Strategy For personal use only Sector Operations Objective Drill prospect inventory in Surat Basin, pursue further prospects with 3D Fiscal Oil seismic and continue development and near field exploration drilling in Business SW Queensland Stability 1. Bring on stream 10% owned Kiliwani North (Tanzan
Slide 9: Review of 2014 Performance
Review of 2014 Performance 90.00 For personal use only Boepd Naccowlah Daily Production by Field 80.00 bopd Oil 70.00 • Participated in three successful development wells at 60.00 Naccowlah drilled in early 2013/14 50.00 • And in one development at Utopia 40.00 • Maintaining production levels 30.00
Slide 10: Way Forward 2014-15
Way Forward 2014 - 15 For personal use only Oil • Ongoing development and appraisal drilling at Naccowlah (SW Qld) • Appraisal Drilling PL 2, Surat Basin Qld – Title Renewed • Develop oil leg at Downlands, Surat Basin Qld, starting with Downlands 3 Gas • Produce at 2 MMcfg/d net to BUY for 6 years.
Slide 11: Bounty Projects
For personal use only 11 Bounty Projects
Slide 12: SW Queensland Production
SW Queensland Production Irtalie East Depth Structure For personal use only SW Qld Production 2013/14 bopd • Irtalie East Field and Corroo North West 1, the new 80.00 Naccowlah Utopia drills, contributed 27% of Naccowlah Production 70.00 • This helped maintain Bounty’s oil production 60.00 during th
Slide 13: Nyuni PSA and Kiliwani North Production
Nyuni PSA (BUY 5%) and Kiliwani North Production (BUY 10%) For personal use only • Production infrastructure completed by end January 2015 • Tie in pipeline to KN-1 complete end December • Production from Kiliwani North at a rate of 20 million cubic feet per day in early 2015 (2 MMcfg/d or 364 boepd
Slide 14: Nyuni Block Stratigraphic Gas Leads - Target Model
Nyuni Block Stratigraphic Gas Leads - Target Model For personal use only Viazi Lead in Nyuni Block Viazi Lead • Deep water exploration in Mozambique and Tanzania has resulted in > 150 Tcf of gas discoveries • Targeting bright seismic amplitudes with AVO response detects gas (Ophir has yet to drill a
Slide 15: AC/P 32 High Impact Oil Exploration
AC/P 32 High Impact Oil Exploration 500 MMboip – BUY 100% For personal use only • AC/P 32 is located in the Vulcan Sub-basin in Ashmore and Cartier Territory, Timor Sea • The basin is oil prone and the permit is surrounded by oil fields with substantial production • It is located only 25 km from the
Slide 16: Azalea Prospect Fundamentals
Azalea Prospect Fundamentals For personal use only • This Accoustic impedance view of the seismic clearly shows the Puffin Sands in the Azalea Prospect with identical low impedance to the excellent Upper sands encountered in Birch 1 (Av. Porosity 25%). • The trap occurs where the sands pinchout just
Slide 17: Azalea Prospect Sand Body
Azalea Prospect Sand Body For personal use only • This P Impedance view essentially shows the sand distribution in the horizon directly under the Top Cretaceous Unconformity. The sands are golden hues and the shalier sections are grey and blue. • The white areas are where the sands are absent or the
Slide 18: Seismic Inversion and AVO indicates Azalea sand different
Seismic Inversion and AVO indicates Azalea sand different For personal use only • Fluid substitution studies in the Puffin Formation sands suggest that the MuRho Lamé Parameter will be lower in Hydrocarbon-bearing sands than in brine sands, sands at Azalea demonstrate anomalously low MuRho compared
Slide 19: Azalea Prospect – Charge
Azalea Prospect – Charge For personal use only • In this part of the Timor Sea Hydrocarbon Related Diagenetic Zones (HRDZ) caused by gas accumulating in shallow reservoirs is a common feature of commercial hydrocarbons, for example the 30 MMbbl Skua Field. • The HRDZ at Skua are closely related to a
Slide 20: Azalea Prospect - Summary
Azalea Prospect - Summary For personal use only • Bounty has considerably de-risked this prospect through its seismic reprocessing and inversion work, and is actively seeking partners to assist in drilling in 2015/16 • The 500 MMboip Prospect is anticipated to be in excellent, highly porous and perm
Slide 21: Surat Basin
Surat Basin For personal use only Downlands PL 441 (100%) Native Title negotiations Formosa Downs ATP 470P underway as part of the (100%) renewal. Renewed, targeting liquids rich gas in Tinowan Sands and Coals PL 2 Alton Area ATP 754P (24.24 and 36.%%) Renewed from 1 August 2014 for 5 Renewed, targe
Slide 22: Rough Range Oil Field
Rough Range Oil Field • Bounty has entered into an indicative For personal use only agreement with Empire Oil and Gas NL to purchase all of their interests in Carnarvon Basin onshore including Rough Range Oil Field 22
Slide 23: Carnarvon Basin Acquisition
Carnarvon Basin Acquisition For personal use only • Bounty has been a long term Joint Venture Partner with Empire in many of the permits. • Bounty’s now has substantial interests in these areas located onshore and offshore in WA State Territorial waters • These areas have significant oil, shale oil
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