Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (June 2011)
21 slides from Bass Oil's investor presentation, Jun 23, 2011
Slide 1: Company Briefing – June 2011
For personal use only Company Briefing – June 2011
Slide 2: 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
Slide 3: Clear Exploration Focus on Southeast Australia
Clear Exploration Focus BASS STRAIT on Southeast Australia (0) @ Strong permit position; bh excellent leverage to high-impact discovery potential. Oil for Australians @ Coherent, focussed portfolio across three productive basins. Tn a tua, @ Offshore drilling & seismic operations experience since 20
Slide 4: Directors and Management
DIRECTORS AND MANAGEMENT For personal use only ¾ John McInnes OAM, Chairman – BComm, FCA, chartered accountant and experienced company director ¾ Dr Henry Askin, Director – former Shell Australia Exploration Manager, Chairman Central Petroleum Ltd ¾ Jack Tuohy, Director - BCA, chartered accountant,
Slide 5: Corporate Information
CORPORATE INFORMATION For personal use only ¾ ASX code: BAS ¾ 291,030,250 ordinary shares ¾ Total shareholders approximately 2,225 ¾ Top 50 shareholders hold 60% ¾ Top 20 shareholders hold 40% ¾ Albers Group interests 20% ¾ Adelaide Equity Group Interests 5% ¾ Cash on hand approximately $2.5 million
Slide 6: Bass Strait Oil Company Ltd – Vision
BASS STRAIT OIL COMPANY LTD – VISION For personal use only • Bass Strait Oil Company Ltd (ASX code: BAS) is a specialist, technically-driven, petroleum explorer currently focused exclusively on southeast Australia. • BAS has a 2 pronged strategy: – Tight to unconventional petroleum onshore – Convent
Slide 7: Bass Strait Oil Company Ltd – Permits
BASS STRAIT OIL COMPANY LTD – PERMITS 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 T/L1 – ORR Otway Basin PEP167 – 5
Slide 8: Balanced Portfolio of Opportunities
BALANCED PORTFOLIO OF OPPORTUNITIES For personal use only APPRAISAL EXPLORATION FRONTIER 9 PORTFOLIO – 40% 9 PORTFOLIO – 40% 9 PORTFOLIO – 20% 9 RISK: < 45% 9 RISK: 15% - 45% 9 RISK: > 15% 9 REWARD: < 500 Bcf 9 REWARD: 0.5 – 5.0 Tcf 9 REWARD: > 5.0 Tcf < 5 MMbbls 5 – 150 MMbbls > 150 MMbbls ¾ VIC/P4
Slide 9: Onshore Otway Basin – BAS Acreage
ONSHORE OTWAY BASIN – BAS ACREAGE For personal use only • PEP 167 contains Windermere-1 oil discovery, PEP150 contains Lindon oil discovery (permit pending native title) • Area offers excellent access and infrastructure indicating good economics for oil development • 2009 $2 million farmout to Inter
Slide 10: Windermere Oil Project – Pre 3D
WINDERMERE OIL PROJECT – Pre 3D Windermere-1: For personal use only ¾drilled in 1987 ¾recovered 32 bbls oils ¾likely wellbore damage • Technical review indicates good potential for commercial flow rates • 41 sq km of 3D seismic successfully completed April 2010 • Interpretation and mapping completed
Slide 11: Windermere Oil Project – Post 3D
WINDERMERE OIL PROJECT – Post 3D For personal use only • Anticipate drilling Windermere-3 (as twin to W-1) in 4th Quarter 2011 • Follow-up potential (P10 - 35 mmbbls OOIP) mapped within 3D area – three sub closures for Windermere- 1 structure
Slide 12: Windermere Oil Project – Post 3D
WINDERMERE OIL PROJECT – Post 3D For personal use only • 3D interpretation shows Windermere-1 is structurally separate from Windermere-2 at oil reservoir level
Slide 13: Windermere Economics
WINDERMERE ECONOMICS Anticipate robust economics based on: For personal use only ¾ Relatively shallow reservoir (approx 1800m) ¾ Sealed highway to Geelong refinery ¾ All-weather road access and gentle terrain ¾ Local infrastructure and support
Slide 14: Offshore Gippsland Basin - BAS Acreage
OFFSHORE GIPPSLAND BASIN - BAS ACREAGE For personal use only
Slide 15: VIC/P47: Appraisal & Prospects
VIC/P47: APPRAISAL & PROSPECTS •Continuing farmout interest For personal use only •Existing gas discoveries at Judith and Moby with nearby infrastructure •Judith: GCA certified 2C – 194 Bcf; 3C – 934 Bcf prospective recoverable P10 - ~800 Bcf. Judith-1 drilled late 80’s by Shell when gas was not wan
Slide 16: VIC/P47: Appraisal & Prospects
VIC/P47: APPRAISAL & PROSPECTS For personal use only Judith-1 Zone of gas shows in Judith-1
Slide 17: VIC/P41: Prospects & Leads
VIC/P41: PROSPECTS & LEADS For personal use only 3D-defined, high-impact prospects Kipling, analogous to Kipper field P50: 320 Bcf + 15 mmbbls P10: 1 Tcf + 50 mmbbls Benchley, GB and Halibut targets P50: 800 Bcf + 40 mmbbls P10: 3 Tcf + 150 mmbbls Oscar East, analogous to Basker/Manta Oscar 3D P50
Slide 18: VIC/P66: Exploration Concepts
VIC/P66: EXPLORATION CONCEPTS For personal use only Northern Platform Lead A Underexplored East Gippsland play Zone of Primary Interest Lead A (P10: ~600 Bcf recoverable) defined on 2D in west of permit 10 km Basement High Recently completed basin East Gippsland Rise modelling project which im
Slide 19: 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 20: Offshore Bass Basin - BAS Acreage
OFFSHORE BASS BASIN - BAS ACREAGE For personal use only T/42P & T/43P - total 6,120 sq km Under explored Durroon Sub basin play New 2D seismic and basin modelling show large prospects plus hydrocarbon ‘kitchens’ Favourably located - infra structure and growth markets, in water depth < 100m
Slide 21: Clear Exploration Focus on Southeast Australia
Clear Exploration Focus BASS STRAIT on Southeast Australia (0) @ Strong permit position; bh excellent leverage to high-impact discovery potential. Oil for Australians @ Coherent, focussed portfolio across three productive basins. Tn a tua, @ Offshore drilling & seismic operations experience since 20
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