Bass Oil Ltd · ASX:BAS
Bass Oil — Noosa Mining & Exploration Investor Conference July 2019
14 slides from Bass Oil's conference presentation, Jul 17, 2019
Slide 1: Indonesia – Substantial Oil & Gas Investment Potential
ASX:BAS www.bassoil.com.au For personal use only Indonesia – Substantial Oil & Gas Investment Potential Noosa Mining & Exploration Investor Conference - July 2019
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: For personal use only This presentation has been prepared by Bass Oil 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 fo
Slide 3: Growth: Impact and Opportunity in Indonesia
GROWTH: IMPACT AND OPPORTUNITY IN INDONESIA For personal use only Increased In 2018 Bass increased its Proved Reserves by 76% and posted record production of 850 barrels of oil per day Reserves & (bopd) JV share in October. Current capacity at in excess of Production 700 bopd Bass raising $3 million
Slide 4: Existing Asset: Simple, Low Cost, Profitable Production
EXISTING ASSET: SIMPLE, LOW COST, PROFITABLE PRODUCTION For personal use only • Bass holds a 55% JV interest in and Operates the producing Tangai-Sukananti KSO in the South Sumatra Basin • Experienced on-ground Indonesian team manages field operations • Consistent production at the long-life KSO; Li
Slide 5: Business Development: Transformation via Acquisitions
BUSINESS DEVELOPMENT: TRANSFORMATION VIA ACQUISITIONS For personal use only Company Transforming • Material, company-changing acquisition of producing asset(s) Strategic (Type 1) • Actively screening deals Growth • Measured exposure to high impact Material Growth exploration • Larger scale potential
Slide 6: Indonesia: World-Class Discoveries with Infrastructure
INDONESIA: WORLD-CLASS DISCOVERIES WITH INFRASTRUCTURE Kalimantan For personal use only 24.93 BBOE Sulawesi / East Indonesia 5.52 BBOE Sumatra 48.66 BBOE Java 14.53 BBOE 2016 In Place Resources BBOE = Billion Barrels of Oil Equivalent Source: SKK Migas - Indonesia Revisited 2017 Noosa Mining & Explo
Slide 7: World Class Discoveries Still Being Made in Indonesia
WORLD CLASS DISCOVERIES STILL BEING MADE IN INDONESIA Repsol For personal use only Discovery • Western Indonesia hosts numerous producing fields – world class discoveries are still being made • Regulators key exploration focus targets; Basin Centred Play in Central Sumatra and Fractured Basement Pla
Slide 8: Improving Oil Recovery: Reserves Growth Opportunity
IMPROVING OIL RECOVERY: RESERVES GROWTH OPPORTUNITY • Billions of barrels of unrecovered oil in Oil Recovery Est : For personal use only Indonesia can potentially be exploited using currently available Improved Oil Remaining Reserves: ~5% Recovery (IOR) technologies on mature fields Cumulative Produ
Slide 9: ~$3 Million Capital Raising - Entitlement Offer
~$3 MILLION CAPITAL RAISING - 1 FOR 2 ENTITLEMENT OFFER For personal use only • Offer to raise approximately A$2.7 million through a non-renounceable 1 for 2 pro-rata entitlement offer (“Entitlement Offer”); o The Offer price is A$0.002 per New Share (“Offer Price”), which represents a: o 33% discou
Slide 10: Why Invest in Bass Oil?
WHY INVEST IN BASS OIL? Production growth For personal use only Strong Low operating cost (<US$25/bbl) Production Increased Proved Reserves increases certainty of production profile and company value Set to double production in 2019 with drilling commencing at Bunian 5 in October Growth and
Slide 11: For further information, please contact
For further information, please do not hesitate to contact: For personal use only BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au Noosa Mining & Exploration Investor Conference • July 2019 11
Slide 12: Appendices
For personal use only APPENDICES 12
Slide 13: Bass Oil Limited: Corporate Snapshot
BASS OIL LIMITED (ASX:BAS): CORPORATE SNAPSHOT Capital Structure Share Ownership Summary For personal use only Market Cap @0.2c (15-07-19) A$5.3M Shares On Issue 2,681,167,481 13.6 Cooper Energy Cash Estimate (30-Jun-19) US$0.762M 10.2 Tino Guglielmo Debt (30-Jun-19) US$0.539M Tattersfield Group 63.
Slide 14: Senior Management and Directors
SENIOR MANAGEMENT AND DIRECTORS Board of Directors Executive Management For personal use only Peter Mullins 40 year senior banking career experience in Australia Giustino 36 year Australian and international Non Executive and New York as key Commonwealth Bank Guglielmo executive petroleum engine
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