Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (March 2013)
12 slides from Bass Oil's investor presentation, Mar 5, 2013
Slide 1: Investor Presentation
For personal use only INVESTOR PRESENTATION TERRY WHITE, CEO March 2013 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Bass Strait Oil Company Ltd (“BAS” or the “Company”), with the purpose For personal use only 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: Management & Corporate
MANAGEMENT & CORPORATE Directors & Management For personal use only John McInnes, OAM, Chairman Capital Structure Chartered accountant, company director and Director of Mutual Trust. He has previously been Deputy Chairman of Shares on Issue 518.3M Pacific Hydro Ltd and Chairman of Futuris Ltd. Optio
Slide 4: Business and Strategy
BUSINESS AND STRATEGY For personal use only • Large, prospective trend-focused, acreage holdings in Gippsland and Otway basins • Both conventional oil and gas and unconventional gas plays • Well positioned to benefit from significant changes occurring in Eastern Australian gas market • Fully funded
Slide 5: Offshore Gippsland Basin
OFFSHORE GIPPSLAND BASIN For personal use only VIC/P47, VIC/P68, VIC/P41 & VIC/P66 • Large position established along the Rosedale Fault Trend • Prospects range from near term appraisal / development opportunities (Judith gas field in VIC/P47) through to frontier exploration opportunities (VIC/P66)
Slide 6: VIC/P47: Fields and Prospects (BAS 40%)
VIC/P47: FIELDS AND PROSPECTS (BAS 40%) For personal use only • Farmout discussions ongoing • Judith-1 drilled in late 1980’s by Shell when gas was not commercial • Existing gas discoveries at Judith and Moby within close proximity to existing or planned infrastructure in adjacent licences • Judith
Slide 7: VIC/P68: Fields and Prospects (BAS 100%)
VIC/P68: FIELDS AND PROSPECTS (BAS 100%) For personal use only • Permit granted in May 2012 for 6 year term • Prospective for oil and gas • Contains Leatherjacket Oilfield with contingent resources o 1/2/3C : 3.0/4.7/7.6 MMbbls • Contains 2 high impact prospects on the Rosedale Fault Trend o Philbri
Slide 8: VIC/P41: Prospects & Leads (BAS 45%)
VIC/P41: PROSPECTS & LEADS (BAS 45%) For personal use only • 3D-defined, high-impact gas prospects on the Rosedale Fault Trend • Kipling (analogous to Kipper Field) o P50: 320 BCF + 15 MMbbls* • Benchley (analogous to Kipper Field) o P50: 800 BCF + 40 MMbbls* • Oscar East (analogous to Basker/Manta
Slide 9: VIC/P66: Exploration Concepts (BAS 60%)
VIC/P66: EXPLORATION CONCEPTS (BAS 60%) For personal use only • Extension of the Rosedale Fault Trend that is prospective for gas • Underexplored East Gippsland play • Stanton Prospect o P10 ~600 BCF o Defined on 2D in west portion of permit 9
Slide 10: VIC/P42: Prospects and Leads (BAS 100%)
VIC/P42: PROSPECTS AND LEADS (BAS 100%) For personal use only • Adjacent to world class oil fields • Zane Grey and Omeo discoveries o 2C contingent resource of ~20 MMboe • Area fully covered by 3D seismic • Final merged data set is undergoing interpretation and inversion 10
Slide 11: Onshore Otway Basin
ONSHORE OTWAY BASIN For personal use only PEP 167 (BAS 100%) • 408km2 permit area focused on Casterton unconventional play and Waarre conventional gas play PEP 175 (BAS 100%) • 1,419km2 permit area focused on Casterton unconventional play PEP 150 (BAS 15%) • Waiting on resolution of Native Title pri
Slide 12: Summary
SUMMARY For personal use only • Large, prospective trend-focused acreage holdings in Gippsland and Otway basins • Both conventional oil and gas and unconventional gas plays • Well positioned to benefit from significant changes occurring in Eastern Australian gas market • Supported by Services Agreem
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