Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Excellence in Oil & Gas Conference 2009
25 slides from Bounty Oil & Gas Nl's conference presentation, Apr 7, 2009
Slide 1: CEO Presentation Sydney Oil Conference
For personal use only ASX/MEDIA RELEASE 7 April 2009 CEO Presentation Sydney Oil Conference Bounty Oil & Gas NL (“Bounty”) announces: Presentation to Excellence in Oil & Gas Conference Hilton Hotel, Sydney 7 April 2009 By CEO Mr Philip F Kelso For further information in respect of the presentation a
Slide 2: Excellence in Oil and Gas
For personal use only Excellence in Oil and Gas Sydney April 6-7, 6 7 2009 Presentation by Philip F Kelso – CEO Bounty Oil & Gas NL ASX Code: BUY
Slide 3: Take Home Message
Take Home Message For personal use only • In a tough market environment in 2008/2009 Bounty has made excellent progress by a focussed building of: – Core Assets in the Surat and Cooper Basins adding new 2009 drilling projects – Growth Assets in Tanzania and Sydney Basin Offshore • There will be stro
Slide 4: Progress 2008/09
Progress 2008/09 For personal use only • Gas discoveries in Tanzania • Kiliwani North 1 production tested at 40 milIion cubic feet per day • Increased 2P reserves to 1.31 million barrels of oil equivalent and contingent resources to 2.5 million barrels of oil equivalent with Tanzania and • R Recentt
Slide 5: Core Assets
Core Assets For personal use only • Ongoing oil revenues from its producing Utopia property, SW Queensland have created momentum to expand into Surat Basin,Q and Cooper Basin, SA • Very strong technical team • Surat Basin acquisition has added production, development and near field exploration (NFE)
Slide 6: Growth Assets
Growth Assets For personal use only • Participating in growth projects with potential for major increases in shareholder value • U Upside id iin ffurther th didiscoveries i iin Nyuni N i Block, Bl k T Tanzania i with targets totalling 1 Tcf gas • 2009 will advance appraisal and steps to commercialis
Slide 7: Bounty Projects
Bounty Projects For personal use only AC/P 32 WA 324P Tanzania Nyuni EP 412 & 435 Utopia PEL 218 Surat Production, Development and NFE Projects PEP 11 Oil – Utopia and Surat Gas – Nyuni Tanzania Medium Risk Exploration Projects Oil – PEL 218 Oil & Gas – EP 412 & 435 High Impact Exploration Gas – PEP
Slide 8: Enhancing the Value of BUY’s Assets: Development in 2009
Enhancing the Value of BUY’s Assets For personal use only Development p in 2009 – Realising g Value • Full review of Utopia Field SW Queensland including workover of existing wells aim to add up to 50-100 50 100 bopd to Bounty’s Bounty s production • Develop Utopia Oil Field – Field grossly underdev
Slide 9: Enhancing the Value of BUY’s Assets: Exploration 2009
Enhancing the Value of BUY’s Assets For personal use only Exploration p 2009 – Maintaining g the Development p “Pipeline” p • Drill 2.3 MMbo (net to BUY) Eluanbrook Stratigraphic Prospect – y at 500 – 1000 bopd successful well could flow initially p • Mature and drill Jurassic oil leads in PEL 218 w
Slide 10: Share Summary
Share Summary For personal use only 52 Week Price Range $0.017 to $0.10 Shares / Options Outstanding Shares Quoted 318,840,655 Options 0 Fully Diluted 318,840,655 ASX Price $0.03 Market Capitalisation $9.5 million 1: 3 Rights Issue fully subscribed 106 million New Shares As at March 31, 2009
Slide 11: Petroleum Reserve Summary
Petroleum Reserve Summary For personal use only Location 2P Australia - Queensland PL 214:Utopia , Eromanga Basin 1.14 MMbls Surat Basin 0.024 MMboe Tanzania Killiwani North 1 Well 0.15 MMboe Total 1.314 MMboe
Slide 12: Development Utopia – BUY 40% WI
Development Utopia– BUY 40% WI For personal use only • Utopia resources exceed 2MMbo • Production only 40 bopd, about 10% of the rate the reserves should support • Wells in need of repair and workover; success should increase Bounty’sy production to 60-80 bopd • Existing wells drain only small porti
Slide 13: Near Field Exploration PEL 218
Near Field Exploration PEL 218 – BUY 5.5% - earning 23.28% For personal use only • Cooper/Eromanaga Basin SW Queensland Gas Field Oil Field Jurassic Oil Field BUY Permit • Farming into the petroleum Oil Pipeline Gas Pipeline rights above the top Permian • Nappamerri Trough contains oil mature source
Slide 14: PEL Leads and Volumetrics
PEL 218 Leads and Volumetrics For personal use only Lead A Area Km2 8.66 OOIP 43.82 Recoverable 13.90 • ger B 3.90 19.82 6.30 D 1.60 8.13 2.57 G2 1.20 6.06 1.92 H 8.84 45.39 14.36 J2 3.34 17.00 5.40 K 2 00 2.00 10 07 10.07 3 19 3.19 L 3.14 15.79 5.01 M 1.13 5.87 1.86 S 3.31 16.71 5.29 T 0.78 4.00 1.
Slide 15: Surat Basin Development/Appraisal and NFE
Surat Basin Development/Appraisal and NFE For personal use only Horseshoe Walpanara East Downlands East Myall Creek PL 119 Downlands Spring Grove Churchie Washpool West Noorindoo Wilga Surat ATP SURAT 471P B Yarrabend ATP 470P F Casey 1 Weribone East • Bounty has taken a significant position ATP PL
Slide 16: Alton Area Surat Basin
Alton Area Surat Basin For personal use only Sh Bellbird Field oil in tight ow gr Narrows tufaceous sandstone • Bounty has built up a strong ground ou Louise n ds Ze 754P position around the Alton and ro 0.12 MMbo Ed ge 552P Fairymount oil fields 754P BW Mardi Prospect Belbird West 1 Bellbird Eluanb
Slide 17: Workover/Development Bellbird Field
Workover/Development Bellbird Field - BUY 33% WI For personal use only • Two out of three wells had live oil • Tight tuffaceous sandstone reservoir • Re-enter a well, fracture stimulate the zone, see if it will produce • Aim to produce oil at an initial rate of ~100 bopd
Slide 18: Near Field Exploration Eluanbrook
Near Field Exploration Eluanbrook– BUY 50% WI For personal use only • Stratigraphic g Prospect based on pinchout of prolific Showgrounds Sandstone • Seismic acquisition is underway • Eluanbrook has potential for 4.6 Mmbo recoverable oil, drilling • Success opens up further stratigraphic plays and B
Slide 19: Showgrounds and Mardi Boxvale Prospects – Seismic Section
Eluanbrook For personal use only • bla h Showgrounds and Mardi Boxvale Prospects – E-W Seismic Section
Slide 20: Nyuni Tanzania
Bewara West Nyuni Tanzania Bewara East For personal use only Nyuni Nyuni West Nyuni East • BUY 5% Working g Interest • Two discoveries (Kiliwani North Amina 1 and Nyuni 1) from three wells To Da r drilled es Sa laam Songo Songo East • 2009 Seismic acquisition to Songo Songo Kiliwani North appraise K
Slide 21: High Impact Exploration
PSPAPP 32 High Impact Exploration PSPAPP 31 PEP 11 PEL 285 For personal use only PEL 4 • JV Partner Advent Energy has completed new interpretation revealing major structures up to a total 15 Tcf resource at P10. Fish has 2.4 Tcf PEL 267 potential at P50 PELA 98 • Hydrocarbon seeps, gas chimneys and
Slide 22: PEP Targets
PEP 11 Targets For personal use only Structure at Base Permian PEP 11 Leads and Prospects P50 Volumetrics
Slide 23: Near Field Exploration EP 412 & 435
Near Field Exploration EP 412 & 435 – BUY 60% & 10% For personal use only 359 (1) Bee Easter type prospect Rivoli Schematic Gearle Siltstone EP 433 diolarite Windalia Ra hale Muderong S Trap EP 359 (2) Birdrong Sandstone n- EP 435 ra tio ult mi g os t fa O il R Rough hRRange np EP 434 ptio i nce Pin
Slide 24: Wrap up Good BUY
Wrap up Good BUY For personal use only • BUY – a good mnemonic and a good year in 2008: – Increased I d reserves with ith di discoveries i iin T Tanzaniai – Acquisition of low risk oil drilling opportunities in the Cooper/Eromanga p g and Surat Basins with at least two wells in 2009 • Focus changed
Slide 25: Important Notice
Important Notice For personal use only 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 th these statements t t t are reasonable bl but b t they th may be b affected ff t
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