Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Energy, Oil and Gas Investor Summit 2015
19 slides from Bounty Oil & Gas Nl's conference presentation, Mar 18, 2015
Slide 1: Bounty Oil and Gas NL - Energy, Oil and Gas Investor Summit
Bounty Oil and Gas NL Presentation to: For personal use only Energy, Oil and Gas Investor Summit March 17 – 18, 2015 ASX Code: BUY Philip F Kelso - CEO Gas Plant Songo Songo Island
Slide 2: Major Growth Projects with Production Base
Bounty Oil & Gas NL – Major Growth Projects with Production Base Recent decline in oil prices impacting but achieved $ 2.3 million in sales for 2014 For personal use only Revenue to recover shortly by: Onset of commercial gas production at Kiliwani North in Tanzania with, Planned 700 km2 3D deep wat
Slide 3: What we are going to discuss
What we Aare going to discuss Bounty • Financials For personal use only • Projects Upside • AC/P 32 • Tanzania AC/P 32 • Azalea Prospect Overview • Azalea Prospect Technical Tanzania • Regional • Kiliwani North Gas Development 3 • Nyuni Deepwater Exploration
Slide 4: Financials
Financials • Revenue for 2014 totalled $2.36 million • Current assets: $2.576 million For personal use only • Balance sheet underpinned by conservatively valued reserves/resources • Many projects in the pipeline ASX Code BUY As at 17- Mar-15 52 Week Price Range $0.010 to $0.020 Shares Quoted 938,400
Slide 5: Projects
Projects For personal use only • Revenue: from Oil and Gas sales should stabilise at $2 million pa and Bounty’s lift to +$4 million pa later in 2015. • Core Exploration: especially in Cooper and Surat Basin western oil Threefold fairway Bounty has a range of low risk near field and appraisal targets
Slide 6: Upside in 2014/2015 – AC/P
Upside in 2014/2015 – AC/P 32 AC/P 32 For personal use only AC/P 32 • Azalea Prospect:– 100 – 200 MMbo target 24 km from Montana Field Timor Sea – • Active farmout discussions now underway BUY 100% 6
Slide 7: Upside 2014/2015 - Tanzania
Upside-2014/2015 - Tanzania For personal use only Kiliwani North Nyuni Block • Kiliwani North Tanzania gas production commencing 2015 at rate of 364 Offshore barrels of oil equivalent per day (boepd) net to Bounty, work on pipeline and plant commenced • Nyuni Block Tanzania (BUY 5%) 2014 deep water
Slide 8: AC/P 32 Azalea Prospect Overview - Timor Sea Regional Setting
AC/P 32 (BUY 100%) Azalea Prospect Overview - Timor Sea Regional Setting For personal use only AC/P 32 is located in the Vulcan Graben, Ashmore and Cartier Territory Surrounded by oil fields and numerous wells with good shows and Azalea volumes match province field size distribution Puffin, Skua, Sw
Slide 9: Azalea Prospect Overview - Main Points
AC/P 32 Timor Sea - Azalea Prospect Overview - Main Points Bounty has successfully delineated and de-risked the Azalea Prospect , ready for farmout For personal use only Azalea contains potential 500 million barrels of oil (MMbo) in place in the Puffin Sand reservoir up dip from proven oil in the we
Slide 10: Azalea Prospect Overview - Path to Development
AC/P 32 Azalea Prospect Overview - Path to Development Successful 100 plus million bbl oil discovery and appraisal via For personal use only a two well farmout strategy of say 49% will provide a major multiplier to Bounty’s current share price Using a rule of thumb NPV of $ 20/bbl of recoverable oil
Slide 11: Azalea Prospect Plan View
AC/P 32 Azalea Prospect Plan View The high impedance (high porosity) sands For personal use only (golden hues) at Azalea are much more widespread than similar sands around Birch 1 The lateral seals are shown where the colours change to grey then blue indicating shaling out of the sands and white whe
Slide 12: Azalea Prospect Seismic Section
AC/P 32 Azalea Prospect Seismic Section W E For personal use only Accoustic Impedance essentially reflecting porosity in any given sand, shows that the sands at Azalea are very similar to known high porosity sands (24%) in the Puffin Formation at Birch 1 The up dip shale out which forms the lateral
Slide 13: Azalea Prospect Hydrocarbon Indicators
AC/P 32 Azalea Prospect Hydrocarbon Indicators Many oil fields in the Timor Sea are associated with For personal use only shallow diagenetic zones (HRDZ) and gas accumulations related to leakage of gas along late stage faults There is a well developed zone immediately up dip of Azalea associated wit
Slide 14: Tanzania - Regional Setting
Tanzania - Regional Setting Deep water offshore Tanzania and Mozambique has seen over 170 TCF of gas discoveries in deep water channel/fan For personal use only systems related to the Rufiji and Ruvuma Deltas Major players such as Exxon Mobil, Statoil, BG, Anadarko and ENI all have major discoveries
Slide 15: Kiliwani North Gas Development
Kilwani North Gas Development (BUY 10%) For personal use only Main Pipeline, new Gas Gas Sales Agreement First production very Plant and lateral to terms finalised, tie in to soon at 364 boepd net Kiliwani North Wellhead Kiliwani North well to Bounty all complete head authorised 15
Slide 16: Nyuni Deep Water Exploration
Nyuni Deep WaterExploration (BUY 5%) For personal use only Early Cretaceous channels are clearly visible on legacy seismic with anomalous amplitudes and possible flat spots directly up dip from the Chewa and Preza gas fields. Anomalous amplitudes are also observed in the overlying Eocene age rocks T
Slide 17: Summary
Summary Maintaining oil revenue but adding material For personal use only revenues through new gas production in Tanzania Pursuing 100 – 200 Mmbo recoverable oil play at Azalea Prospect (AC/P 32) in Timor Sea with several parties interested in farm-in Commencing deepwater gas exploration for 1-2 TCF
Slide 18: Disclaimer/Competent Person
Disclaimer/Competent Person 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 these statements are reasonable but they may be affected by a range of
Slide 19: ASX Listing Rules – Chapter Reserves and Resources
ASX Listing Rules – Chapter 5 Reserves and Resources ASX LISTING RULES 5.25 – 5.45 For personal use only • 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)
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