Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2021)
16 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 26, 2021
Slide 1: Bounty Oil and Gas NL Annual General Meeting
Philip Kelso - CEO Bounty Oil and Gas NL Annual General Meeting November 26, 2021 Offshore Carnarvon Bas
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: 2021 Highlights
2021 Highlights Cerberus – Offshore Shallow Water Carnarvon Basin • Adjacent to Barrow Island • Bounty earning 25% by contributing $6 million to drilling 3 wells • Targeting Prospective Resources of ~500 MMboip (recoverable 248MMbo) • Same plays as • Santos’ Dorado and Roc (>400 MMboe 2C) to the nor
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: Cerberus – Carnarvon Basin WA
Cerberus – Carnarvon Basin WA. • Bounty initially targeting ~283 MMboip (141 recoverable) in Stork, 5 Honeybadger and Gallant prospects, immediately up dip from proven oil fields
Slide 6: Cerberus – New team new prospects
Cerberus – New team new prospects Ted Jacobson Kane Marshal • 3,750 km2 titles, close to infrastructure, 500 MMbo (248 recoverable) of prospective targets. • Bounty earning 25% by contributing $6 million towards 3 wells • Coastal Energy and Bounty will jointly operate the drilling 6 programme
Slide 7: Stork Prospect targeting 94 MMbo in place
Stork Prospect targeting 94 MMbo in place • Stork prospect is sealed by shales in downcutting canyons and lies immediately up dip from mature source rocks and rimmed by gas chimneys. • Parrot 61 MMbo (recoverable 27 MMbo) in place targets the same 7 sequence in a fault bound structural trap
Slide 8: Stork
Stork • Deltaic sands in lower Triassic highlighted by amplitude extraction (warm colours), sealed down dip and up dip by cross-cutting shale channels (cold colours) • Three volumes identified: • Crestal 3.5 km2 low risk fault closure top seal by clay channel • Fault Block 21 km2 higher risk fault d
Slide 9: Honey Badger – Triassic Locker Shale
Honey Badger – Triassic Locker Shale • Honeybadger Sandy Channel 43 km2 • Well sealed on all sides by clay canyon fill • Direct migration pathway from mature source rock in west up fault to fill entire volume Honeybadger shale channel cuts basal Triassic (purple), stacked sandy channels (high amplit
Slide 10: Gallant, Valiant, Mighty – Stag Lookalikes
Gallant, Valiant, Mighty – Stag Lookalikes Area Stag and Wandoo both occur in stratigraphic traps at Gallant 41 km2 pinch outs in lower Cretaceous sands and have Valiant 61 km2 produced 180 MMbo. Mighty 25 km2 The same sequence pinches out against the Palaeozoic Basement along the eastern margin of
Slide 11: Cerberus Upside
Cerberus Upside • 11 other leads identified in similar settings add considerable upside • Shallow water and shallow targets combines to relatively inexpensive drilling using jack up rigs. Costs two to three times onshore Cooper Basin with targets 10 to 100 times larger • Immediately up dip from prov
Slide 12: PEP – Sea Blue well – supplying a gas-starved market
PEP 11 – Sea Blue 1 well – supplying a gas-starved market • Advent Energy well advanced on planning and contracting for Sea Blue 1 testing Baleen Prospect – Large gas prospect and Carbon Capture and Storage potential • NSW gas shortages becoming critical as vital plants close due 12 to lack of gas
Slide 13: Naccowlah Block 2021-22 Drilling – Bounty's Core Production
Naccowlah Block 2021-22 Drilling – Bounty’s Core Production • 2021 Proposed Programme was deferred due to Covid 19 and Oil price drop • In previous years new drill helped to offset natural field decline. • 2022 Programme under development in Watson, Jackson and Pitchery areas which, subject to oil p
Slide 14: Surat Basin – Queensland Project
Surat Basin – Queensland Project Seriatim Alton Field – Development (BUY 100%) • Recover ~48,000 bbl from existing wells. Qi = ~10-20 bopd • Develop ~168,000 bbls from attic and unswept oil. Qi = ~100 bopd Eluanbrook – Updip Appraisal (BUY 81.75%) • Eluanbrook 1 produced oil and gas to surface, perf
Slide 15: The Plan 2021-22
The Plan 2021-22 Upside • Coming year will focus on Cerberus, de- risking prospects as much as possible to select three to drill • PEP 11, barring no further obstacles, drilling should advance in the year • Continue to evaluate significant growth opportunities as major companies move away from oil a
Slide 16: ASX Listing Rules – 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
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