Bass Oil Ltd · ASX:BAS
Bass Oil — Good Oil Conference 2023
9 slides from Bass Oil's conference presentation, Sep 7, 2023
Slide 1: Bass Oil Investor Presentation
BASS OIL Investor Presentation Good Oil conference | Perth, September 2023 ASX:BAS www.bassoil.com.au
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: This presentation has been prepared by Bass Oil Ltd (ASX:BAS) (“Bass” 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 purchas
Slide 3: Bass Oil Corporate Snapshot
BASS OIL | CORPORATE SNAPSHOT Capital Structure Operating Locations Share Price (1 Sep 23) A$0.11 Shares on Issue 268.4m Market Capitalisation A$28.7m Cash (30 June 23)¹ A$2.28m Debt (30 June 23) Nil Enterprise Value A$26.4m One-Year Share Price Performance 0.24 250 0.20 200 Volume (millions) Share
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Significant cashflow from oil assets to fund expansion into the gas business ▪ Bass team are experienced operators in the Cooper Kiwi 1 Basin – and have a track record of creating shareholder value in the region ▪ Strong revenue of US$5.7m and free cash flow of Moolion East 1 U
Slide 5: Cooper Basin: Oil Funding Entry to Gas
COOPER BASIN | OIL FUNDING ENTRY TO GAS Proven strategy of acquiring late-life assets and extending production life ▪ Cooper Basin oil production doubled from ~65 bopd at acquisition to over 130 bopd and 2P reserves increased from 200,000 barrels to 388,000 barrels of oil ▪ Typical NPV of reserves i
Slide 6: Indonesia: Oil Funding Entry to Gas
INDONESIA | OIL FUNDING ENTRY TO GAS Free cash flow generated by oil assets provide capital to fund Bass’ gas initiatives ▪ 10-year extension to the 55% owned and operated Tangai-Sukananti KSO. The license will now expire in September 2035 ▪ increase in tenure will result in a material increase in r
Slide 7: Kiwi Gas: Commercialisation Strategy
KIWI GAS | COMMERCIALISATION STRATEGY A successful EPT at Kiwi will provide a clear pathway for Bass to enter the gas market in late 2024 ▪ Bass in-house team working to quantify: ➢ The stratigraphic gas trapping potential at Kiwi – significant upside ➢ The cost and feasibility of connection into th
Slide 8: Cooper Basin: Gas Exploration
COOPER BASIN | GAS EXPLORATION Bass northern permits (PEL 182, Ex PEL 100, Ex PEL 90k and Ex PEL 110) host a significant Triassic gas play ▪ Commercialisation of Kiwi will extend infrastructure to the northern Cooper Basin, connecting other plays between Kiwi and PEL 182 deep coals – increasing scal
Slide 9: Bass Oil Limited Contact
BASS OIL LIMITED This presentation has been authorised for release by the Board of Bass Oil Limited For further information, please contact: Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au