Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Investor Presentation (March 2011)
15 slides from Bounty Oil & Gas Nl's investor presentation, Mar 2, 2011
Slide 1: Bounty Oil and Gas NL – Excellence in Oil & Gas
Bounty y Oil and Gas NL Excellence in Oil & For personal use only Gas Sydney, March 2, 2011 Philip F Kelso – CEO
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation contains forward looking statements that are subject to risk f t factors associated i t d with ith the th oilil andd gas industry. i d t It is i believed b li d that th t the th expectations reflected in these statements are reasonable but they may
Slide 3: Bounty – Core growth in 2011
Bountyy – Core g growth in 2011 For personal use only • BUY has a strong balance sheet with $ 6 million cash at 31 December 2010 • BUY’s Core Strategy lifted gross revenue to $ 1 million for the Half Year to 31 December 2010 • With Tapis around US$ 100 per bbl oil revenues will help fund further dev
Slide 4: BUY Fundamentals on Upward Path
BUY Fundamentals on Upward p Path For personal use only 0.18 0.16 Bounty Closing Price 500,000 0.14 450,000 400,000 0.12 350,000 Bounty Quarterly Revenue 0.10 $ 300,000 $ 0.08 250,000 0.06 200,000 150,000 0.04 100,000 0.02 50,000 0.00 ‐ 1 Dec 05 1 Jun 06 1 Dec 06 1 Jun 07 1 Dec 07 1 Jun 08 1 Dec 08
Slide 5: Bounty – Foundations for Reserve Growth beyond 2011
Bounty – Foundations for Reserve Growth beyond 2011 For personal use only • BUY’s Growth Strategy this year will start in April 2011 with participation in the Nyuni 2 well in Tanzania targeting 8 MMBOE’s net to BUY • If successful Nyuni 2 will push the Block along the commercialisation path • Azalea
Slide 6: PEP 11 – Still a Major Growth Asset
PEP 11 – Still a Major j Growth Asset For personal use only • PEP 11 – BUY was free carried through New Seaclem 1 with around $20 million i invested t dbby Ad Adventt E Energy Ltd • BUY has reduced to a 15 % interest • Still early days with NSC 1 well data being analysed, analysed and • Multi TCF ga
Slide 7: BUY Projects and 2011 Projects
BUY Projects j and 2011 Projects j For personal use only AC/P 32 Tanzania Nyuni EP 359, ATP 789 412 & 435 Naccowlah Utopia PEL 218 Surat Production p Exploration High Impact Exploration PEP 11 Offshore Well Exploration Well Development Well • Wet conditions have curtailed activities in inland easter
Slide 8: Steady growth in oil assets
Steadyy g growth in oil assets For personal use only 90 Nacccowlah Purchase Bounty Monthly 80 Average Production 70 her Downlands Closed d Weath 60 Oil Production – provides underlying support Downlands Closed for Bounty’s higher risk operations Boepd 50 40 30 Bounty has been pursuing oil developmen
Slide 9: 2011 Drilling - Nyuni Tanzania – Targeting 1.2 TCF Gas
2011 Drilling - Nyuni Tanzania – Targeting 1.2 TCF Gas For personal use only Bewara East Okuza • Proven hydrocarbon system Bewara West 0.49 Tcf • All projects within 20 km of gas plant and Nyuni pipeline Nyuni West 0.87 Tcf • Increasing local demand from both power Amina Nyuni East generators (3 new
Slide 10: Nyuni - Target
Nyuni y 2 - Target g For personal use only A Nyuni 1 Nyuni 2 B -2200 _ Albian Aptian -2300 _ Neocomian Gas -2400 _ -2500 _ 15 m Gas Column in SL Albian Aptian Nyuni 1 _ metres AS -2600 -2700 _ Gas Down to in Nyuni 1 -2800 _ Substantial structure structure, with four -2900 _ Lowest Closing Contour wa
Slide 11: 2011 Drilling - Utopia Development
2011 Drilling g - Utopia p Development p For personal use only Warragon Utopia 3 Utopia 5 Black Stump 0 5 10 Utopia 6 Kenmore Utopia 7 Kilometres Utopia 2 Utopia 1 Utopia 9 Utopia 8 Glenvale Utopia 10 Monler North 1 Monler Endeavour Thunbunnee 1 Ufouria 1 Finnish 1 Kooyong Cranstoun Nudgee 1 Utopia
Slide 12: 2011 Drilling Naccowlah
2011 Drilling g Naccowlah For personal use only PL 182 259P N PL 87 82 149 107 181 PL 175 ATP 259P N • Two successful wells drilled in 2010, 79 PL 109 105 Watson West 1 and Irtalie East 1. PL 62 PL 25 Pitchery PL 189 • One exploration and one development Naccowlah South well planned for 2012 Karri B
Slide 13: 2011 Drilling - Surat Basin QLD Oil Fairway
2011 Drilling g - Surat Basin Q QLD Oil Fairwayy For personal use only Gas Field Oil Field Gas Prospect/Lead Oil Prospect/Lead Boxvale Prospect/Lead P d ti Li Production Licence • Developing p g seriatim of oil Surat Gas Pipeline Oil Pipeline prospects in the southern Surat Well with Oil Show Basin
Slide 14: 2011 Drilling – Bee Eater
2011 Drilling g – Bee Eater For personal use only Bee Easter Prospect Gearle Siltstone Schematic Rivoli diolarite Windali a Ra hale Muderong S Trap - tion igr a t faul t e Birdrong Sandstone Oil mion po s A nticl in n ce pt a n ge i R gh EP 359 - 10% pr e R ou EP 435 - 10% Bee Eater Rough Range • Dr
Slide 15: BUY will see Ongoing Growth and Core Development
BUY will see Ongoing Growth and Core Development p For personal use only 2012 AC/P 32 2011 Tanzania Nyuni 2012 EP 359, 2011/12 ATP 789 412 & 435 Naccowlah Utopia 2012/13 2011 PEL 218 Production Surat Exploration High Impact Exploration Ongoing PEP 11 • Growth Project high impact drilling will contin
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