Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — 20:20 Investor Series Energy Day 2009
26 slides from Bounty Oil & Gas Nl's conference presentation, Aug 21, 2009
Slide 1: Building BUY for the benefit of all stakeholders
For personal use only www.bounty.com.au 1 Building BUY for the benefit of all stakeholders
Slide 2: 20:20 Investor Series Energy Day
For personal use only 20:20 INVESTOR SERIES ENERGY G DAY 21 August 2009, Sydney Presentation by Bounty Oil & Gas NL Philip F Kelso – CEO
Slide 3: Project Locations
PROJECT LOCATIONS For personal use only AC/P 32 Tanzania Nyuni EP 412 & 435 Utopia PEL 218 Surat Production, Development and NFE Projects Oil – Utopia and Surat (Core) Gas – Nyuni Tanzania (Growth) PEP 11 Medium Risk Exploration Projects Oil – PEL 218 (Core) Oil & Gas – EP 412 & 435 (Core) High Impa
Slide 4: Take Home Message
TAKE HOME MESSAGE For personal use only • Bounty’ s has built an impressive portfolio of Growth and Core Assets and is positioned ii d to d deliver li value l gains i iin 2009/10 • Growth Assets: If the ”.... Imminent...” drill test in PEP 11 offshore Sydney Basin targeting gas goes ahead and is a c
Slide 5: Corporate Profile
CORPORATE PROFILE For personal use only 52 Week Price Range $0.016 to $0.09 Shares Quoted 553,370,569 Options p nil Fully Diluted 553,370,569 ASX Price $0.072 Market Capitalisation $39 million 5 Strong upside potential for investors
Slide 6: Market Response so far
Market Response so far !! For personal use only 6 (Share Prices 11:00 am August 18)
Slide 7: Growth Assets – Almost there on PEP
Growth Assets – Almost there on PEP 11 !! For personal use only • Bounty is free carried for the drilling of the South Fish well targeting 2.4 - 6 TCF gas recoverable bl • Partner Advent Energy P/L (MEC Resources Limited)has secured major backers for South Fish 1 well in PEP 11 offshore Sydney Basin
Slide 8: PEP 11 - Sydney Basin NSW
PEP 11 - Sydney Basin NSW Company Maker For personal use only PSPAPP 32 PEL 452 PEL 456 PSPAPP 31 • Targeting up to 16 Tcf (P10) recoverable PEL 285 from several strong prospects Proven hydrocarbon system, with new PEL 4 • PSPA 20 prospects identified in the Cenozoic (Quaternary) PEL 267 PELA 98 • I
Slide 9: South Fish Well
South Fish Well For personal use only 9 Success would provide an IEV of $2.75/share
Slide 10: PEP 11 Milestones to Drill Test
PEP 11 Milestones to Drill Test For personal use only MEC has made major progress towards a drill test: • p selected a drill location to test the Fish Prospect with a jjackup p drill rig g • announced on 29 May 2009 that it had issued rig tenders • announced on 11 August 2009 completion of the well
Slide 11: Core Assets: Oil to provide growth
Core Assets: Oil to provide growth For personal use only • C Core A Asset PProgram in i the h CCooper and dSSurat B Basins i h has added dd d new 2009 drilling projects: • Wakefield 1 in PEL 218 Eromanga Basin SA in September is targeting between 1 – 5 MMb oil net to Bounty which on success would pr
Slide 12: Core Assets Progress - 2008/09
Core Assets Progress - 2008/09 For personal use only • Increased 2P reserves to 1.31 MMboe and contingent resources to 2.5 MMb MMboe, i l di T including Tanzania i • Gas discoveries in Tanzania with Kiliwani North 1 production tested at 40 MMcf per day • Added to Core Assets through acquisition of a
Slide 13: Programme - Oil Development and NFE
Programme - Oil Development and NFE For personal use only Production milestones subject to successful development wells 13 Timing subject to JV approval and capital raising
Slide 14: PEL 218 Location northeast of Moomba SA
PEL 218 Location northeast of Moomba SA For personal use only 14 Drills everywhere but PEL 218
Slide 15: PEL 218 - Focus on Oil with potential for non conventional gas
PEL 218 - Focus on Oil with potential for non conventional gas For personal use only • Wakefield 1, which will spud in September, 2009 is the first well to be drilled specifically for oil in the middle of the Nappamerri Trough • Individual reservoir targets at the P50 confidence level range from low
Slide 16: Wakefield – PEL 218 Eromanga Basin SA
Wakefield 1 – PEL 218 Eromanga Basin SA For personal use only • Wakefield 1 is targeting up to 11 MMbo in a possible 8 zones. TD estimated at 2760 metres • On completion of drilling to casing point Bounty will have earned a 23.28% Working Interest in the sequence above the Permian in the whole of PE
Slide 17: Utopia Field – BUY 40%
Utopia Field – BUY 40% For personal use only • Utopia field is in a shallow anticline at the Murta level with limited relief • Reserves are between 0.3 and 1.8 Mmbo • Reservoir has low productivity but there are significant undeveloped reserves • Likely new operator will finally advance development
Slide 18: Surat Basin Lands - Oil Focus
Surat Basin Lands - Oil Focus For personal use only • Bounty has acquired a portfolio of assets in the oil prone South Western Surat Basin • Additional projects are under negotiation • Principal targets are oil, especially proven oil accumulations which may require engineering solutions to produce •
Slide 19: Bellbird Oil Field
Bellbird Oil Field – BUY 33.33% increasingg to 50% For personal use only • Bellbird 1 flowed 54 bopd on Dalkeith 1 Bellbird Sand Oil Pool production Bellbird Sand Lead Showgrounds Stratigraphic Prospect Captain Cook 1 Oil Well • Bellbird West 1 recovered 6 litres Louise Northeast 1 Mireeka 1 Oil Sho
Slide 20: Eluanbrook Strat. Surat QLD - BUY 50%
Eluanbrook Strat. Surat QLD - BUY 50% For personal use only Sh o Narrows Z e wg Louise ro ro Ed u n ge ds 0 12 MMbo 0.12 754P Mardie Prospect Stra Eluanbrook 1 Elua rospect 0 2.5 5 Kilometres tP nbro el ine Jackson - Moon ie Pip ok Alton ATP 754P 2.0 MMbo • Eluanbrook Stratigraphic Prospect up dip f
Slide 21: Downlands PL119 and ATP 471P SG
Downlands PL119 and ATP 471P SG – BUY 24.7485% For personal use only • Targeting undrilled gas sands and oil legs to the gas fields in Tinowan Sandstones • Downlands additional potential recoverable reserves 12.5 Bcf gas and 1.8 MMbo, Spring Grove tight oil field 1 – 2MMbo • Engineering studies unde
Slide 22: Nyuni – Tanzania
Nyuni – Tanzania BUY 5% For personal use only • JV has drilled made two gas discoveries from 3 wells • Kiliwani North 1 well drains 17 Bcf gas • Only 3 km. From gas plant and pipeline to market, commercialisation negotiation underway • New Seismic acquired to define north ward extent of Kiliwani Nor
Slide 23: EP 412 & 435 – Carnarvon Basin WA
EP 412 & 435 – Carnarvon Basin WA For personal use only EP 325 (1) 9 (1) 359 Rivoli EP 433 • These permits surround the Rough Range oil field and are targeting oil that has migrated out from the prolific Carnarvon Basin and gas in the Permian Section underlying the EP 359 (2) Carnarvon Basin EP 435
Slide 24: BUY in 2009/2010
BUY IN 2009/2010 For personal use only • Growth G hAAssets: • Funding for the drilling of South Fish 1 in PEP 11 will see BUY participate in an offshore well in the Sydney Basin targeting world class gas potential associated with the Permian coals of the Sydney Basin which if successful will deliver
Slide 25: Indicative Enterprise Value
Indicative Enterprise p Value For personal use only • The Indicative Increase in Enterprise Value (EV) provided by Bounty is given to help shareholders evaluate the relative merits of the projects being undertaken • In presenting the EV Bounty uses the average EV per barrel figure derived by Richmon
Slide 26: 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
Bounty Oil & Gas NL — 20:20 Investor Series Energy Day 2009 on 6ix