Bass Oil Ltd · ASX:BAS

Bass Oil — Investor Presentation (February 2017)

14 slides from Bass Oil's investor presentation, Feb 14, 2017

  1. Slide 1: Emerging Oil Producer in South East Asia

    For personal use only Emerging Oil Producer in South East Asia Investor Presentation February 2017

  2. Slide 2: On-track for Transaction Completion

    On-track for Transaction Completion Final Condition Precedent of EGM approval satisfied for Bass’ acquisition of Cooper For personal use only Energy’s 55% interest in the Tangai-Sukananti production assets located in South Sumatra, Indonesia which will: • Immediately transform Bass into an oil produ

  3. Slide 3: Bass Strait Oil & Gas Company (ASX:BAS)

    Bass Strait Oil & Gas Company (ASX:BAS) For personal use only Capital Structure Share Ownership Summary Shares on Issue 2,239.2 M Cooper Energy 15.8% Tino Guglielmo Undiluted Market Cap (@ 0.25c) A$5.6 M 10.0% Mark Lindh 52.0% Tattersfield Group Cash Estimate (31-Dec-16) A$0.7 M 9.6% Icon Holdings 8

  4. Slide 4: Tangai-Sukananti Production Assets

    Tangai-Sukananti Production Assets  Bass is acquiring a 55% interest in the Tangai-Sukananti production asset - located in the South For personal use only Sumatra Basin, a prolific Indonesian oil and gas region  Proven operations with substantial low-cost and low-risk development options  Acquisi

  5. Slide 5: Strong Sustained Levels of Production

    Strong Sustained Levels of Production  33% production uplift in December 2016 quarter compared to previous quarter For personal use only  Field performing strongly with current oil production of over 700 barrels per day (100%)  Recent production increase can be attributed to successful production

  6. Slide 6: Transaction Overview

    Transaction Overview  Upfront cash consideration of A$500,000 and scrip consideration of 180,000,000 shares For personal use only  A$2,270,000 cash payable 12 months from Transaction Completion  Additional working capital items to be passed through as collected  Transaction progressing to comple

  7. Slide 7: Investment Case

    Investment Case For personal use only  Free cash flow generated will significantly contribute to payment of deferred acquisition costs Strong Project  Current production in excess of 700 bopd (100% JV share) Economics  BAS to become site operator and manage existing Jakarta based team  BAS comme

  8. Slide 8: Back-up Slides

    For personal use only Bass Executive Director (Tino Guglielmo) with field based staff and Act. General Manager (Andri L.L Hakim) Back-up Slides

  9. Slide 9: Indonesia: Investment Rationale

    Indonesia: Investment Rationale For personal use only BAS views Indonesia as an ideal place for investment in the current market  Worlds fourth-largest population (~250 million)  Fast-growing economy (GDP ~ 6%pa)  Oil and gas demand growing at > 5%pa  Declining conventional oil/gas supply  Supp

  10. Slide 10: Indonesia: World Class Oil & Gas Basins

    Indonesia: World Class Oil & Gas Basins For personal use only Sumatra is Indonesia’s most established hydrocarbon province – ideal platform for building a regional business Discovered hydrocarbons in Indonesia onshore provinces Source: IHSE (onshore oil & gas reserves shown only) Investor Presentati

  11. Slide 11: South Sumatra: Prolific Oil & Gas Province

    South Sumatra: Prolific Oil & Gas Province For personal use only The Sukananti production asset is located in South Sumatra, a leading hydrocarbon province in the region Asia-Pacific onshore basins, ranked by discovered hydrocarbons Source: IHSE Investor Presentation • February 2017 11

  12. Slide 12: Simple, Low Cost, Effective Processing Facilities

    Simple, Low Cost, Effective Processing Facilities For personal use only Bunian Central Production Facility Tangai Extended Production Test Bunian Store Talang Jimur Transfer Station Investor Presentation • February 2017 12

  13. Slide 13: Contacts

    Contacts For personal use only For further information, please do not hesitate to contact: EXECUTIVE DIRECTOR INVESTOR RELATIONS Tino Guglielmo Christian Calabrese tino.guglielmo@bassoil.com.au ccalabrese@adelaideequity.com.au +61 3 9927 3000 +61 8 8232 8800 +61 407 336 668 +61 431 877 682 Investor

  14. Slide 14: 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

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