Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2022)
12 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 30, 2022
Slide 1: Bounty Oil and Gas NL CEO Presentation
Philip Kelso - CEO Bounty Oil and Gas NL Annual General Meeting November 30, 2022 CEO Presentation ASX Code: BUY Cooper Basin SA
Slide 2: Disclaimer/Forward Looking Statements
Disclaimer/Forward Looking Statements 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 wh
Slide 3: FY 2021 Highlights
FY 2021 Highlights Cooper Basin • Drilling to recommence 2023 • Bounty participating in Sole Risk well with Santos • At present oil prices very favourable in A$ terms Corporate • Petroleum Revenue $1.90 million (2020 $1.47) • Cash and current assets $3.34 million and no debt Growth Projects • PEP 11
Slide 4: Corporate Snapshot
Corporate Snapshot ASX Code BUY As at 25 November 2021 Price Range YTD $0.010 to $0.049 Shares Quoted 1.37 billion Options Nil ASX Closing Price $0.010 Market Capitalisation $13.7 million $8.45million Net Assets 4
Slide 5: Drilling is what maintains Production and Revenue
Drilling is what maintains Production and Revenue • Each successful well at Naccowlah costs around 33% of BUY monthly revenue to drill, complete and tie in • 2018 -20 drilling programme successfully lifted production and arrested natural decline • 2021-22 program 1 success well rest were deferred by
Slide 6: Naccowlah Block 2023 Drilling – Bounty's Core Production
Naccowlah Block 2023 Drilling – Bounty’s Core Production • Cooroo NW 7 was drilled and completed this year and is now in production • Four to five wells planned for 2023 - 3 in the Watkins area, Tequila 2, and Alpaca on trend from the Pitchery Field Tequila 2 – targeting the Murta and Basal Birkhead
Slide 7: Watkins Area – Naccowlah Block
Watkins Area – Naccowlah Block • Watkins 2 and 3 drilled in 2018 came on line at rates of 1000-2000 bopd before settling at ~300 bopd • It is proposed to drill Watkins North 1 and 2 on separate culminations to the north of the Watkins Field • Some parties to the joint venture did not consent to Watk
Slide 8: Surat Basin Production and Development
Surat Basin Production and Development Downlands Gas Field Downlands: • Recommence Gas-Condensate Production • Appraise Oil Leg in Permian Channels PL 2 • Bring Alton 1 and 3 online • Develop Attic Oil • Drill Eluanbrook Appraisal 8
Slide 9: Eluanbrook Appraisal
Eluanbrook Appraisal • Eluanbrook 1 drilled on edge of structure • On production produced water from perforations in the good reservoir from below OWC • Eluanbrook 2 (proposed) will be drilled above • Eluanbrook 1 drilled on edge of structure OWC but below crest to avoid the gas cap • Culmination un
Slide 10: PEP 11 – Sea Blue 1 well – supplying a gas-starved market
PEP 11 – Sea Blue 1 well – supplying a gas-starved market • Advent Energy is appealing the decision a few months prior to the last election by the then Prime Minister acting as Minister for Resources and Energy not to grant an extension • NSW gas shortages becoming critical as vital plants close due
Slide 11: The Plan 2023
The Plan 2023 Upside • PEP 11 if renewed on appeal, drilling should advance in the 2023 year • Continue to evaluate significant growth opportunities eg Cerberus as major companies move away from oil and gas allowing entry for Bounty. Production • Concentrate on controlled lands, using extra revenue
Slide 12: ASX Listing Rules – Chapter 5 Reserves and Resources
ASX Listing Rules – Chapter 5 Reserves and Resources ASX LISTING RULES 5.25 – 5.45 • 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-PRMS). Bounty is compliant
Bounty Oil & Gas NL — Shareholder Meeting (November 2022) on 6ix