Bass Oil Ltd · ASX:BAS
Bass Oil — Investor Presentation (July 2021)
16 slides from Bass Oil's investor presentation, Jul 26, 2021
Slide 1: July 2021 – Investor Presentation & Corporate Overview
ASX:BAS www.bassoil.com.au July 2021 – Investor Presentation & Corporate Overview
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: 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 for or purchase any secu
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Bass has established a high-quality Indonesian portfolio that is producing free cash flow in the current oil price environment Bass has taken its initial step into the Cooper Basin, acquiring a portfolio of assets that encompass the currently producing Worrior oil field along w
Slide 4: Existing Indonesian Assets
EXISTING INDONESIAN ASSETS Bass holds a 55% operating interest in 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 KSO; License expiry in 2025 ▪ Production capacity currently
Slide 5: Existing Asset Growth Potential
EXISTING ASSET GROWTH POTENTIAL The Indonesian assets allow for continued growth through appraisal/development and there remains opportunity for exploration: ▪ Low risk development potential to accelerate production in both Bunian and Tangai fields ▪ Field studies post drilling of successful Bunian
Slide 6: Cooper Basin Acquisition Overview
COOPER BASIN ACQUISITION OVERVIEW Bass to acquire Cooper Energy’s interest in a portfolio of Cooper Basin non-operated assets in South Australia for A$650,000 ▪ Bass will be a JV partner with a Beach Energy subsidiary (Beach subsidiary to operate the assets) Key acquisition highlights: ▪ Increase in
Slide 7: The Oil Field Asset Lifecycle
THE OIL FIELD ASSET LIFECYCLE Bass is seeking assets in prolific hydrocarbon provinces that demonstrate overlooked oil and gas production potential Large incumbent operators Discovery Development Production Incumbent Divests Large operators conduct The incumbent operators Due to a large asset base,
Slide 8: The Cooper Basin
THE COOPER BASIN Bass is pursuing late-life producing assets with The Cooper Basin optimisation potential and exposure to material exploration opportunities Australia’s largest on shore oil ▪ Bass aims to generate a Cooper Basin portfolio that province has the potential to cumulatively generate >1,0
Slide 9: The Cooper Basin
THE COOPER BASIN The Cooper Basin is a world class oil and gas producing region spanning ~130,000 km2 across south-west QLD and north-east SA ▪ The region is Australia’s largest onshore hydrocarbon province ▪ New discoveries continue to be made in the region Annual 2019-2020 production 1.17 mmboe 9.
Slide 10: Acquired Asset Summary
ACQUIRED ASSET SUMMARY The portfolio provides low cost, Australian assets with significant growth upside: ▪ Ex PEL 93 (PRLs 231-233 and PPL 207 Worrior) (30%) - which contains drill-ready Tyrell oil prospects with 2.30 MMbbls gross undiscovered potential (identified via 3D seismic) ▪ Ex PEL 100 (PRL
Slide 11: Acquired Asset Potential
ACQUIRED ASSET POTENTIAL PPL 207, Worrior Field (30% interest) provides proven, South Australian production: ▪ Cumulative production of 4.09 MMbbl (100% JV) ▪ Current JV production of ~40 bopd – Field production increase to >100 bopd with JV approved zone change ▪ 0.18 MMbbl remaining 2P reserves JV
Slide 12: Diverse Asset Base
DIVERSE ASSET BASE Bass holds quality assets in both Indonesia and Australia ▪ The Company’s Cooper Basin acquisition provides Bass shareholders with a strong foothold in a region that has proven value ▪ Bass owns interests in a mix of producing assets along with sites that exhibit promising explora
Slide 13: Senior Management and Directors
SENIOR MANAGEMENT AND DIRECTORS Board of Directors Executive Management Peter ◼ 40 year senior banking career experience in Giustino ◼ 38 year Australian and international executive Mullins Australia and New York as key Guglielmo petroleum engineering career, Non Commonwealth Bank executive. Managin
Slide 14: Bass Oil Limited Corporate Snapshot
BASS OIL LIMITED CORPORATE SNAPSHOT Capital Structure Trading History 0.45 600.0 Share Price (15-July-21) A$0.0025 Market Capitalisation A$8.4m 0.4 500.0 Shares On Issue 3.3b 0.35 Cash Estimate (31-Mar-21) ~US$0.1m 0.3 400.0 Debt (31-Mar-21) Nil Share Price (cents) Volume (Millions) 0.25 Enterprise
Slide 15: Summary of Growth Strategy
SUMMARY OF GROWTH STRATEGY ▪ Strong oil price environment resulting in increased free cash flow 1 Cash flow generation ▪ Utilising cash flows to optimise, appraise and develop existing assets to generate shareholder value Optimisation of ▪ Bass seeking to optimise existing wells to lift oil producti
Slide 16: For further information, please contact
For further information, please contact: BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au July 2021 16