Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (March 2012)
15 slides from Bass Oil's investor presentation, Mar 21, 2012
Slide 1: Excellence in Oil and Gas: Company Investment Spotlight
For personal use only Excellence in Oil and Gas Company Investment Spotlight Steve Mackie, CEO March 2012 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Bass Strait Oil Company Ltd (“BAS” or the “Company”), with the purpose of For personal use only 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
Slide 3: Corporate Information
CORPORATE INFORMATION • ASX code: BAS For personal use only • 388,039,613 ordinary shares • 12,000,000 unlisted options exercisable at 4 cents each with expiry on 14/10/14 • Total shareholders approximately 2,262 • Top 20 shareholders hold: 34% • Top 50 shareholders hold: 51% • Albers Group: 15% • A
Slide 4: Directors and Management
DIRECTORS AND MANAGEMENT • John McInnes, OAM, BComm, FCA, CHAIRMAN For personal use only • Chartered accountant, company director and Director of Mutual Trust. He has previously been Deputy Chairman of Pacific Hydro Ltd and Chairman of Futuris Ltd. • Andrew Whittle, BSc (Hons), DIRECTOR • Former Exx
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS • Large acreage holding with both onshore and offshore permits For personal use only • Permits strategically located over three productive basins • Permits located in low-cost, low risk jurisdictions with existing infrastructure • Control of destiny via Operatorship in all curr
Slide 6: Balanced Portfolio of Opportunities
BALANCED PORTFOLIO OF OPPORTUNITIES APPRAISAL EXPLORATION FRONTIER For personal use only PORTFOLIO – 40% PORTFOLIO – 40% PORTFOLIO – 20% • VIC/P47 • VIC/P41 • VIC/P66 • Judith • Kipling • East Gippsland • Moby • Benchley • VIC/P42 • Oscar • Zane Grey • VIC/P42 • Omeo • Tara • PEP 150 • PEP 167/150 •
Slide 7: Permits
PERMITS TOTAL ACREAGE For personal use only ~8,000 sq km, in three productive basins Gippsland Basin • VIC/P47 – 40% operator • VIC/P41 – 45% operator • VIC/P66 – 60% operator • VIC/P42 – 100% operator Otway Basin • PEP167 – 50% operator • PEP150 – 15%, permit expected to be awarded mid 2012 Bass Ba
Slide 8: Offshore Gippsland Basin
OFFSHORE GIPPSLAND BASIN For personal use only Excellence in Oil and Gas March 2012 Gippsland Basin permits 8
Slide 9: VIC/P47: Fields and Prospects (Bass: 40%)
VIC/P47: FIELDS AND PROSPECTS (BASS: 40%) • Continuing farmout interest • Patricia Baleen (Santos) is For personal use only analogue for Moby • Existing gas discoveries at Judith and Moby with • first gas in 2003 nearby infrastructure • $120 million development • 70 BCF sales gas • Judith: GCA certi
Slide 10: VIC/P41: Prospects and Leads (Bass: 45%)
VIC/P41: PROSPECTS AND LEADS (BASS: 45%) • 3D-defined, high-impact prospects For personal use only with prospective resources • Kipling, analogous to Kipper field o P50: 320 BCF + 15 mmbbls o P10: 1 TCF + 50 mmbbls • Benchley, analogous to Kipper field o P50: 800 BCF + 40 mmbbls o P10: 3 TCF + 150 m
Slide 11: VIC/P66: Exploration Concepts (Bass: 60%)
VIC/P66: EXPLORATION CONCEPTS (BASS: 60%) • Underexplored For personal use only East Gippsland play • Lead A (P10 prospective resource: ~600 BCF recoverable) defined on 2D in west of permit • 3D seismic to be acquired over Lead A end 2012 / early 2013 Excellence in Oil and Gas March 2012 11
Slide 12: VIC/P42: Prospects and Leads (Bass: 100%)
VIC/P42: PROSPECTS AND LEADS (BASS: 100%) • Zane Grey and Omeo For personal use only discoveries • Area fully covered by 3D seismic • Seismic data sets to be reprocessed with simultaneous seismic inversion Q3/4 2012 Excellence in Oil and Gas March 2012 12
Slide 13: Onshore Otway Basin
ONSHORE OTWAY BASIN PEP 167 For personal use only • currently reviewing 5-year renewal • focus on Casterton shale play and Waarre conventional gas play PEP 150 • waiting on resolution of Native Title prior to permit award – principles signed expect award mid-2012 • focus on Casterton shale play and
Slide 14: Short Term Forward Program
SHORT TERM FORWARD PROGRAM For personal use only 2Q 2012 3Q 2012 4Q 2012 1Q 2013 OTWAY BASIN PEP 167 Renew Permit PEP 150 Permit Award GIPPSLAND BASIN Vic/P41 Acquire 3D Vic/P42 Seismic Reprocessing Vic/P47 Gas Marketing Study Vic/P66 Acquire 3D • Fully funded work commitments to early 2013 • Active
Slide 15: Summary
SUMMARY • Balanced permit position providing excellent leverage to For personal use only high impact discovery potential • Coherent focused portfolio across three productive basins • Offshore and onshore drilling and seismic operations since 2000 • New round of industry activity in the region • Acce
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