Bass Oil Ltd · ASX:BAS
Bass Oil — Shareholder Meeting (May 2019)
16 slides from Bass Oil's shareholder meeting presentation, May 24, 2019
Slide 1: Indonesia; substantial oil and gas investment potential
ASX:BAS www.bassoil.com.au Indonesia; substantial oil and gas investment potential Annual General Meeting - May 2019
Slide 2: Disclaimers and Important Notices
Disclaimers and Important Notices Forward Looking Statements: 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 for or purchase any secu
Slide 3: 2018 Annual Summary
2018 Annual Summary Bass achievements during 2018 include: • Bass annual production increased ~47% from the first quarter to the final quarter without bringing any new wells onstream • Total production for the year ending 31 December 2018 was 115,559 barrels on a 55% basis (or 57,000 barrels on a ne
Slide 4: Growth; Impact and Opportunity in Indonesia
Growth; Impact and Opportunity in Indonesia Bass has increased its Proved Reserves by 76% in 2018 and; Posted record production of 850 barrels of oil per day (bopd) JV share in October 2018 with current capacity at in excess of 700 bopd. In 2019, Bass aims to double production to capacity limits of
Slide 5: Existing Asset: Simple, low cost, profitable production
Existing Asset: Simple, low cost, profitable production • 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 • A robust record of delivery • Consistent production at the long-life
Slide 6: Business Development - building a diversified portfolio in Indonesia
Business Development - building a diversified portfolio of exploration, development and producing assets in Indonesia Company • Material, company-changing acquisition of producing asset(s) Transforming (Type 1) • Actively screening deals Strategic Growth • Measured exposure to high impact Material
Slide 7: Indonesia's hydrocarbon basins are world-class with extensive infrastructure
Indonesia’s hydrocarbon basins are world-class with extensive infrastructure in place and significant discovered resources Kalimantan 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 -
Slide 8: Large Discoveries being made now in western Indonesia
Large Discoveries being made now in western Indonesia Repsol Discovery • The Western area of Indonesia hosts numerous producing fields and world-class discoveries are still being made • Regulators key exploration focus targets; Basin Centred Play in Central Sumatra and Fractured Basement Play in Sou
Slide 9: Improving Oil Recovery (IOR) – Abundant opportunity for increased recovery
Improving Oil Recovery (IOR) – Abundant opportunity for increased recovery and near Bass Oil Recovery Est : • Billions of barrels of unrecovered oil in Indonesia can potentially be exploited Remaining Reserves: ~5% using currently available IOR technologies on mature fields • The average recovery fa
Slide 10: Why Invest in Bass Oil?
Why Invest in Bass Oil? Production growth Strong Low operating cost (<US$25/bbl) Production Increased Proved Reserves increases certainty of production profile Aiming to double production during 2019 with drilling commencing at Bunian 5 mid-year Growth and Business Development strategy foc
Slide 11: Bass Oil Limited contact
For further information, please do not hesitate to contact: BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au Bass Oil AGM presentation • May 2019 11
Slide 12: Appendix - Additional Slides
Appendix ADDITIONAL SLIDES 12
Slide 13: Bass Oil Limited (ASX:BAS) – Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot Capital Structure Share Ownership Summary Market Cap @0.3c (31-03-19) A$7.8M Shares On Issue 2,606,167,481 13.6 Cooper Energy Cash Estimate (31-Mar-19) US$1.013M 10.2 Tino Guglielmo Debt (31-Mar-19) US$0.900M Tattersfield Group 63.4 8.9 Mark Lindh Ente
Slide 14: Senior Management and Directors
Senior Management and Directors Board of Directors Executive Management 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 engineering career, Chairman
Slide 15: A 76% increase in Net Attributable 1P Reserves
A 76% increase in Net Attributable 1P Reserves Reserves & Resources as at 31 December, 2018 100% Field Reserves (MMbbl) Category 1P - Proved 2P - Proved & Probable Developed & Undeveloped 1.777 2.019 BAS Net Entitlement Reserves (MMbbl) Category 1P - Proved 2P - Proved & Probable Developed & Undevel
Slide 16: Abbreviations and Glossary
Abbreviations and Glossary BOPD Barrels of oil per day mbbl Thousands of barrels of oil mmbbl Millions of barrels of oil JV Joint Venture TS Tangai-Sukananti KSO KSO 'kerja sama operasi' (Indonesian) – meaning an operation cooperation contract Qtr Quarter Qtr on Qtr Quarter on Quarter Yr Year Yr on