Bengal Energy Ltd. · TSX:BNG
Bengal Energy — Investor Presentation (February 2022)
23 slides from Bengal Energy's investor presentation, Feb 11, 2022
Slide 1: Oil & Gas Producer And Explorer In Australia's Cooper Basin
: BNG Oil & Gas Producer And Explorer In Australia’s Cooper Basin Bengal Energy Ltd. February 2022 Questions and comments should be directed to: investor.relations@bengalenergy.ca www.bengalenergy.ca
Slide 2: Disclaimer
DISCLAIMER Certain information regarding Bengal Energy Ltd (“Bengal” or the “Company”) set forth in this document contains forward-looking statements or financial outlooks (collectively, "forward-looking statements") under applicable securities law. The use of any of the words “plan”, “expect”, “pro
Slide 3: Disclaimer
DISCLAIMER Certain Oil and Gas Metrics and Abbreviations This document contains certain oil and gas metrics, such as finding and development costs, log pay, operating netbacks and field netbacks, which do not have standardized meanings or standard methods of calculation and therefore such measures m
Slide 4: Disclaimer (Cont'd)
DISCLAIMER (CONT’D) Third Party Information: Certain other information contained in this presentation has been prepared by third-party sources, which information has not been independently audited or verified by the Company. No representation or warranty, express or implied, is made by the Company a
Slide 5: Gaining Exposure To High-Impact Producing And Exploration Oil And Gas Projects
TOP-TIER JURISDICTION GAINING EXPOSURE TO HIGH-IMPACT Production, development and exploration assets in Australia’s Cooper Basin, a world-class hydrocarbon jurisdiction – favourable royalty and tax jurisdiction. PRODUCING AND EXPLORATION OIL AND GAS Proximity to Asia provides significant advantage t
Slide 6: Corporate Snapshot
Financial Information 10 February 2022 CORPORATE C$3 Million Nil Debt Cash And Financial Assets All Free Cash Flow Goes To SNAPSHOT Funding Growth Deployment of Capital SHAREHOLDERS SHARE INFORMATION On the 26th of February 2021, Share Price 0.07 Bengal Energy closed Texada 83% Exploration Developme
Slide 7: Highly Dedicated And Experienced Management Team
HIGHLY DEDICATED AND EXPERIENCED MANAGEMENT TEAM CHAYAN CHAKRABARTY, PhD, MBA JERRAD BLANCHARD, CA, CPA RICHARD EDGAR, BSc P. GEO KAI EBERSPAECHER, Meng MBA PRESIDENT, CEO & DIRECTOR CHIEF FINANCIAL OFFICER EXECUTIVE VICE PRESIDENT CHIEF OPERATING OFFICER 25 years' experience in the oil and gas 15 y
Slide 8: Experienced Board Of Directors
EXPERIENCED BOARD OF DIRECTORS R.D. (Bob) Steele, P. Eng Dr. Brian Moss, Ph.D. (Geol) James Howe, CA Chairman of the Board Director Director Independent businessman since March 2010. Prior President and Chief Executive Officer of Crown Point President of Bragg Creek Financial Consultants Ltd.,(a the
Slide 9: History Of Selecting A Mix Of Cash Generative And Exploration Assets
HISTORY OF SELECTING A MIX OF CASH GENERATIVE AND EXPLORATION ASSETS Continual • Acquisition of PLs Transformational First success – Hutton JV with Santos offsetting ATP 934 organic growth oil discovery at development of leading to Cuisinier (with found gas & campaign supported Toparoa, with Stuart
Slide 10: Positioned For Immediate Growth
POSITIONED FOR IMMEDIATE GROWTH 2022 Prospects Ready To Produce and proximal to Existing Gathering Network Commodity Prices: Brent Oil > US$90/bbl; East Coast Gas A$8-11/mcf Cuisinier (30%, Santos operated) Proven producing field building on waterflood program following successful Q1 2021 pilot + mu
Slide 11: Promoting Sustainable Development
PROMOTING SUSTAINABLE DEVELOPMENT Bengal’s Work Programs Meet All of Queensland and Australia’s Health, Safety, Community and Environmental Standards and are Aligned With Global Sustainability Standards. HEALTH & ENVIRONMENTAL SOCIAL PEOPLE SAFETY STEWARDSHIP RESPONSIBILITY FOCUS Health and Safety a
Slide 12: World Leading Natural Gas Prices
WORLD LEADING NATURAL GAS PRICES 45 40 35 30 C$/MCF 25 20 ~C$30/mcf spot 15 differential 10 >C$8/mcf forward 5 differential 0 Jun-21 Jan-22 Jan-23 Jan-21 Jun-22 Jun-23 Feb-21 Jul-21 Feb-22 Jul-22 Jul-23 Oct-21 Feb-23 Oct-22 Oct-23 Nov-21 Dec-21 Nov-22 Dec-22 Nov-23 Aug-21 Sep-21 Aug-22 Sep-22 Aug-23
Slide 13: Australia Well-Placed To Take Advantage Of Rising Energy Trends
AUSTRALIA WELL-PLACED TO TAKE ADVANTAGE OF RISING ENERGY TRENDS Snapshot Of Australian Oil And Gas Industry LNG Exporters By Market Share (2021F) UAE, 2% Papua New Brunei, 2% Egypt, 1% Guinea, 2% Oman, 3% Trinidad, 4% Qatar, 22% Russia, 4% Algeria, 5% Indonesia, 6% Australia, 21% Nigeria, 7% Malaysi
Slide 14: Cash Flows Increase Dramatically As Oil Prices Rise
CASH FLOWS INCREASE DRAMATICALLY AS OIL PRICES RISE Zero Debt Means That All Free Cash Flow Can Be Expansive Reserve Base Signifies Directed to Funding Growth Strong Growth Potential 4000 Company Interest Oil Sensitivity Of Cash Flow To Oil Prices Reserves (Mstb) 1P 2P 3500 Free Cash Flow (CAD$’000s
Slide 15: Barrolka And Surrounding PLs
BARROLKA AND SURROUNDING PLs Immediate development & transformational exploration Potential • Operator with 100% working interest in Barrolka (ATP 934 North). • Acquired 4 PLs surrounding ATP 934 with an area of 267 km² (65, 977 acres) and a 26 km pipeline. • Large, undrilled 711 km² permit with act
Slide 16: ATP 732 – Tookoonooka
ATP 732 – TOOKOONOOKA Caracal well Wyandra Zone & Permian Gas Potential • Operator with 100% interest – 208,000 acres. • The 100% W.I. Caracal well is cased as a Wyandra Zone Oil Well. • Planned fracture stimulation in H1 2022 to develop this 53o API oil discovery. • Analogous to Wyandra Producing f
Slide 17: Next-Phase Exploration
NEXT-PHASE EXPLORATION Transformative Asset: Barrolka (ATP 934) • Operator with 100% working interest in Barrolka. • Acquired 4 PLs surrounding ATP 934 with an area of 267 km² (65, 977 acres) and a 26 km pipeline. • Large, undrilled 711 km² permit with active drilling, in the area presenting strong
Slide 18: Cuisinier – Producing Asset
CUISINIER – PRODUCING ASSET Cashflow Used To Unlock Company Value Proposed Well Locations • To date, the Cuisinier field has produced 3.5 MMbbls with 2P oil in place of 95 MMbbls. • 52 degree API oil with oil price at premium to Brent. • Currently producing 211 BOPD. • A pilot reservoir pressure mai
Slide 19: Additional Properties Provide Significant Upside
ADDITIONAL PROPERTIES PROVIDE SIGNIFICANT UPSIDE Offshore asset, North of Perth – Bengal AC/RL-10 Note cumulative oil production from Finder AC/P61 Jabiru and Challis on trend with Katandra oil feature on Bengal’s AC/RL-10 Permit Produced 112 MMbbls ENI AC/P21 Produced 59 MMbbls © 2021 Bengal Energy
Slide 20: Appendix
Appendix
Slide 21: Cooper Basin, Queensland Australia
COOPER BASIN, QUEENSLAND AUSTRALIA Legbar © 2021 Bengal Energy. All Rights Reserved. 21
Slide 22: Glossary
GLOSSARY Item Description Item Description API American Petroleum Institute OOIP Original oil in place ATP Authority to Prospect PCA Potential Commercial Area AUD$ Australian Dollars PLs Petroleum Lease BBLs Barrels PSTM / PSDM pre stack time migration / pre stack depth migration BCF Billions of sta
Slide 23: Extracting Value From The Cooper Basin
FOR MORE INFORMATION: Suite 1110, 715 5th Ave S.W. Calgary, AB, Canada, T2P 2X6 EXTRACTING VALUE FROM THE COOPER BASIN E: investor.relations@bengalenergy.ca T: +1-403-205-2526 TSX : BNG w w w. b e n g a l e n e r g y. c a
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