Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — RIU Good Oil & Gas Energy Conference 2022
16 slides from Bounty Oil & Gas Nl's conference presentation, September 2022
Slide 1: Good Oil | September, 2022
BOUNTY Oil & Gas NL ASX:BUY Good Oil | September, 2022
Slide 2: Disclaimer / Competent Person
Disclaimer / Competent Person This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables which coul
Slide 3: The Preamble to the Bounty Journey
THE PREAMBLE TO THE BOUNTY JOURNEY Q: How much fuel storage does Australia have? i.e. what quantity of strategic reserve do we have for making our own fuels? A: Australia currently has around 68 days of crude oil in reserves – the base product from which petrol and diesel is refined. As a member of
Slide 4: Bounty Journey – Portfolio Tailored Towards Energy Security
BOUNTY JOURNEY – PORTFOLIO TAILORED TOWARDS ENERGY SECURITY Exploration and Development Production Offshore and onshore assets have large identified Focus on controlled lands – targets predefined on domestic onshore seismic All exploration and development areas are Excellent array of relatively adja
Slide 5: Corporate Structure – Nimble Junior Poised to Exploit Domestic Energy Security Needs
CORPORATE STRUCTURE – NIMBLE JUNIOR POISED TO EXPLOIT DOMESTIC ENERGY SECURITY NEEDS Capital Structure 1.3b BUY $3m 150m BUYO Shares on Issue CODE Cash and Assets Options on Issue CODE $0.008 $11m $1.59m 8m $0.004 Share price Petroleum EV Option price Market Cap Revenue 2022 6 Month Year Price Chart
Slide 6: Domestic Production Overview (Naccowlah 2%)
DOMESTIC PRODUCTION OVERVIEW (Naccowlah 2%) • Petroleum revenue for 12- month financial year to 30 June 2022 was: $1.90 million on sales of 14,000 barrels of crude oil (unaudited) • Bounty expects to increase its oil production volumes in financial year 2023 with stronger A$ oil prices to approximat
Slide 7: Domestic Production Overview (Naccowlah 2%) – Four New Wells in 2023
DOMESTIC PRODUCTION OVERVIEW (Naccowlah 2%) – FOUR NEW WELLS IN 2023 • With a stronger US dollar and higher commodity prices and anticipated drilling in Naccowlah Block revenue is expected to materially increase in financial year 2023 • Four (4) Near Field exploration and exploitation opportunities
Slide 8: Wealth of Surat Oil Development to Drive Next Phase of Growth
WEALTH OF SURAT OIL DEVELOPMENT TO DRIVE NEXT PHASE OF GROWTH • Downlands Oil • Spring Grove Oil • Alton Oil • Eluanbrook Oil • Alton Deep Oil • Alton SE Oil • Karoon Oil • Alton SE Oil • Downlands Gas • Downlands/Spring Grove Liquids Stripping 7
Slide 9: Key Surat Opportunities Being Matured Near Term
KEY SURAT OPPORTUNITIES BEING MATURED NEAR TERM • Strengthening balance sheet from production will underwrite commencement of development of 100% Bounty owned operated Surat Basin liquids production through 2023 including: • Alton Production (intervention); • Alton Deep Appraisal and Production (dri
Slide 10: Alton Redevelopment
ALTON REDEVELOPMENT • The Alton Oil Field was previously developed with 10 wells on beam pump from the Jurassic Evergreen Formation on 2D seismic and not considered optimal • Alton 1 and 3 have oil above what is possibly the current OWC in the A, B and D sands, ready for immediate production • The u
Slide 11: Eluanbrook Appraisal
ELUANBROOK APPRAISAL • Eluanbrook-1 was an oil discovery in the Triassic Showgrounds Formation with a DST that flowed gas to surface quickly and recovered 19 bbls oil • Following installation of pump infrastructure in 1986, oil was produced intermittently but operations were suspended due to low oil
Slide 12: Downlands Liquid Development
DOWNLANDS LIQUID DEVELOPMENT • Downlands was producing gas when it was shut in due to pipeline re-assignment • Development opportunities currently being assessed include: • liquids stripping of the Downlands gas pool; and • the development of the oil leg encountered at Downlands-3 • The previous ope
Slide 13: Exploration Opportunities – Material Targets Leverage Bounty Versus Peers
EXPLORATION OPPORTUNITIES- MATERIAL TARGETS LEVERAGE BOUNTY VERSUS PEERS • Cerberus in shallow water North West Shelf has several large targets defined on 3D seismic across four permits • PEP 11 gas project adjacent to NSW coast ready to deliver gas to a market with a supply deficit for power genera
Slide 14: A New Frontier – Triassic Plays Analogous to Dorado and Pavo
A NEW FRONTIER – TRIASSIC PLAYS ANALOGOUS TO DORADO AND PAVO • Pavo-1 discovery in Bedout Sub-Basin directly analogous to drilling targets from Amos/Stork cluster within Cerberus • Pavo-1 success de- risks vertical and lateral seal of prospects proximal to basin edge, a direct analogue to Cerberus p
Slide 15: Bounty – A Compelling Investment Case
BOUNTY – A COMPELLING INVESTMENT CASE • Low EV producer with cash on hand of $3 million AUD • Focused on domestic exploration and development in light of Australia’s policy deficiency in energy security • Plans to expand production and take advantage of macroeconomic tailwinds (weak AUD, high oil pr
Slide 16: ASX Listing Rules – ASX Chapter 5 Reserves and Resources
ASX Listing Rules – ASX Chapter 5 Reserves and Resources ASX LISTING RULES 5.25 – 5.45 • All Bounty Oil & Gas NL (Bounty) petroleum Reserves and Resources assessments follow guidelines set forth by the Society of Petroleum Engineers – Petroleum Resource Management System (SPE-PRMS). Bounty is compli
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