Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — 20:20 Investor Series, Sydney (October 2010)
18 slides from Bounty Oil & Gas Nl's conference presentation, Oct 22, 2010
Slide 1: Bounty Oil & Gas NL - 20:20 Investor Series
Bounty Oil & For personal use only Gas NL 20:20 Investor Series, Series Sydney, 22 Oct 2010 ASX Code: BUY Presentation by: Philip F Kelso - CEO
Slide 2: Disclaimer
ATP 552P DISCLAIMER For personal use only This presentation contains forward looking statements that are subject to risk factors associated i d withi h the h oilil and d gas industry. i d I is It i believed b li d that h theh expectations i reflected fl d in i these statements are reasonable but the
Slide 3: Late Press - PEP 11 Sydney Basin
LATE PRESS - PEP 11 Sydney y y Basin For personal use only • Semi sub rig Ocean Patriot to drill New Seaclem 1 farm in well in PEP 11 55km east of Newcastle, offshore Sydney Basin • Likely timing for well - mid December 2010 after 2 Esso wells completed in Bass Strait S • BUY free carried reducing f
Slide 4: Company Snapshot
Company p y Snapshot p For personal use only Head Office Production Australia Cooper-Eromanga Basins Utopia - 40% Cooper-Eromanga Basins Naccowlah Block - 2% Surat Basin Downlands - 24.748% Oil Appraisal Australia Surat Basin Bellbird Oil Field - 33.33% Surat Basin Spring Grove - 24.748% Surat Basin
Slide 5: Bounty Share and Reserve Summary
Bountyy Share and Reserve Summaryy For personal use only Share Summary As at 21 October 2010 52 Week Price Range $0.07 to $0.12 Shares Quoted 698,839,762 O i Options 16 000 000 16,000,000 Fully Diluted 714,839,762 ASX Closing Price $0.087 Market Capitalisation $61 million Petroleum Reserve Summary A
Slide 6: BUY - Take Home Message: Growth Assets
BUY – TAKE HOME MESSAGE For personal use only Growth Assets – Major Gas Potential: • Drilling of Marlin – Great White (MGW) in PEP 11 will see BUY free carried in first ever offshore well in the Sydney Basin targeting major gas potential associated with the Cainozoic sequence and Permian coals which
Slide 7: BUY - Take Home Message: Core Assets
BUY – TAKE HOME MESSAGE For personal use only Core Assets – Oil Focus : • November 2010 drilling 3 new wells at Utopia, Q. • Surat Basin Mardi Prospect p will be tested for 300 kbbls of oil in April p 2011 • Acquiring Naccowlah Block and other Cooper oil acreage • Tanzania : Nyuni 2 targeting 200 BC
Slide 8: 2011 Project Locations
2011 Project j Locations For personal use only AC/P 32 Tanzania Nyuni EP 359, ATP 789 412 & 435 Naccowlah Utopia PEL 218 Surat Production Exploration PEP 11 High g Impact p Exploration p 8 BUY adding Australian acreage
Slide 9: 2010-2011 - BUY to Increase Drilling Activity
2010 - 2011 – BUY to increase Drilling Activityy For personal use only 2 Wells 3 Wells 1 Well 1 Well Past 12 months drilled 3 wells 4 Wells 1 Well N t 12 months Next th plan l to t drill d ill 12 wells ll 9 Drilling to increase in 2011
Slide 10: PEP 11 New Seaclem Well
PEP 11 New Seaclem 1 Well For personal use only New Seaclem 1 • Drilling to commence in late 2010 after rig has finished 2 Esso wells in Bass Strait • New Seaclem 1 targets massive seismic anomalies most likelyy due to te Newcastle hi l in W ar gas charged sands in the M at re Cainozoic/Tertiary seq
Slide 11: Marlin Prospect Seismic Section
Marlin Prospect p Seismic Section For personal use only • Strong amplitude anomaly associated with sediments at the base of the sequence • Source of gas is thought to be the underlying Permian Coal Measures • Lying at shallow depth • Overseas analogues • Relatively simple development options on succ
Slide 12: Cooper Eromanga Oil Development
Cooper p Eromanga g Oil Development p For personal use only ATP 789P - 100% SA QLD • Cooper/Eromanga assets now 0 50 100 producing 65 bopd n Kilo m e tre s si B a • 2010/11 0 0 Development evelop e t a and d r ope NFE programme designed to o PEL 218 - 23.28% C add another 30 - 50 bopd • 2P reserves
Slide 13: Utopia Development Drilling - BUY 40%
Utopia p Development p Drilling g – BUY 40% For personal use only Utopia Field Top Pay Depth Structure Utopia 3 Utopia 5 Utopia 2 Utopia 6 Utopia 7 Utopia 1 Utopia 8 Utopia 9 Utopia 10 Ufouria 1H 0 300 600 Metres Ufouria 1 Utopia 10 will be drilled vertically offsetting Utopia 8 and the Murta Reserv
Slide 14: Eastern Eromanga Basin
Eastern Eromanga g Basin For personal use only e dg E Byrock r o ATP 789P Ze n ia Pe rm • Ubute 1 to be drilling in Utopia Block Bodalla South November 2010 is targeting oil in the Murta Formation along trend from Bargie Utopia Field and Uta 1 • Offsetting wells have oil in the Wyandra Sandstone (To
Slide 15: Surat Basin - Queensland
Surat Basin - Q Queensland For personal use only Gas Field Oil Field • Small scale production 15 boepd Downlands Field Gas Prospect/Lead Oil Prospect/Lead Boxvale Prospect/Lead PL 11 9 Production Licence Gas Pipeline Oil Pipeline Well with Oil Show • Substantial inventory of Surat Well With Oil and
Slide 16: Tanzania - BUY 5%
Bewara East B Bewara W Westt Okuza Tanzania – BUY 5% For personal use only 0.49 Tcf Nyuni • Kiliwani North Contingent Resources 40 Bcf Nyuni West gas 3.5 3 5 km. km from Songo Songo Gas Plant 0.87 Tcf Amina Nyuni East • Third Party upgrade of plant and pipeline to Dar es Salaam in planning To Da r e
Slide 17: Nyuni 2: BCF Cretaceous Test
Nyuni y 2: 800 BCF Cretaceous test For personal use only Nyuni 1 Proposed Nyuni 2 -2100 m + A Top Albian/Aptian Top Neocomian N T Nr. Top Neocomian N i S Seismic i i H Horizon i B -2200 m + Target Gas Nyuni East Proven Gas Nyuni West -2300 m + -2400 m + -2500 m + -2600 m + -2700 m + LKG Nyuni 1 -280
Slide 18: BUY - Take Home Message
BUY – TAKE HOME MESSAGE For personal use only • B Bounty Growth G hAAssets: • Bounty has a strong balance sheet with revenue cash and investments to support 2011 growth through an active drill program for gas in PEP 11 and potential in Tanzania. • New Seaclem 1 will see BUY participate in first offs
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