Bass Oil Ltd · ASX:BAS
Bass Oil — Non-Deal Roadshow (May 2018)
14 slides from Bass Oil's roadshow presentation, May 4, 2018
Slide 1: An Australian Company Growing Onshore Oil Production in Indonesia
ASX:BAS www.bassoil.com.au For personal use only An Australian Company Growing Onshore Oil Production in Indonesia Spark Plus – Asian Non-Deal roadshow Singapore -4 May 2018
Slide 2: Forward Looking Statements
Forward Looking Statements For personal use only This presentation has been prepared by Bass Oil Ltd (“BAS” 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 purchase any securities in the
Slide 3: Key Personnel
Key Personnel • Chairman - Peter Mullins: 40 year senior banking career experience in Australia and New York as key Commonwealth For personal use only Bank executive. Specialist in institutional and corporate finance across resources and energy sector, including mergers and acquisitions, privatisati
Slide 4: Key Points at a Glance
For personal use only Key Points at a Glance All operations in JV with MAPS* - in prolific South Sumatra Existing 650 bopd output & rising | Long life with production expected beyond 2025 Recent study identified major prospectivity upside | Boosts development options Expansion favours near-p
Slide 5: Why Oil in Indonesia?
Why Oil in Indonesia? For personal use only Indonesia boasts multiple prolific onshore hydrocarbon basins providing significant partnering opportunities Decreasing conventional oil/gas supply and increasing domestic demand due to fast growing economy (GDP ~5%pa) Indonesian and Australian Gover
Slide 6: World class Oil & Gas basins
World class Oil & Gas basins For personal use only Sumatra is Indonesia’s most established hydrocarbon province – ideal platform for building a regional onshore oil business Discovered hydrocarbons in Indonesia onshore provinces Source: Lion Energy (ASX:LIO) and IHSE (onshore oil & gas reserves show
Slide 7: Tangai-Sukananti – simple, low cost & profitable
Tangai-Sukananti – simple, low cost & profitable Bass is an ASX-listed oil producer solely focused on For personal use only Indonesia’s oil and gas potential Holds a 55% JV interest as operator (MAPS 45%) in the Tangai-Sukananti production assets in the South Sumatra Basin – currently producing
Slide 8: Substantial field capacity uplift through production optimisation
Substantial field capacity uplift through production optimisation Over the past 6 months, Bass JV focused strongly on For personal use only successfully increasing the performance of existing wells and KSO infrastructure Subsequently realised significant uplift in field output and increased long
Slide 9: Major study backs further prospectivity
Major study backs further prospectivity For personal use only Major prospectivity boost flagged in UNPAD multi- disciplinary field study Results defined two near-field prospects targeting oil potential at multiple reservoir levels within the prolific Talang Akar formation New prospects could s
Slide 10: Our Growth Strategy
Our Growth Strategy For personal use only Bass committed to expanding its onshore Indonesian oil production footprint Leveraging relationships with Indonesia-based teams given their extensive local experience and contact base Preference for numerous prolific but under-performing, stranded or d
Slide 11: Investment Case
Investment Case For personal use only Current production at circa 650 bopd (100% JV share) Strong Cash Flow Free cash flow generated from assets cover all corporate overheads in Australia and Indonesia Generation Acquisition is self-funding - cash flow expected to pay all deferred acquisition
Slide 12: Upside for new Bass Oil investors
For personal use only Upside for new Bass Oil investors Experienced successful field operator | Strong on-ground presence Focused on converting inactive oil assets to deliver active, optimised, high-yielding investment outcomes Supportive local oil market & highly regarded by PT Pertamina and
Slide 13: Bass Oil Limited – Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot Capital Structure Share Ownership Summary For personal use only Market Cap @0.5c (10-April-18) A$13.0m 13.6 Cooper Energy Shares On Issue 2,606,167,481 Tino Guglielmo Cash Estimate (3-Apr-18) A$2.35m 10.2 58.1 Tattersfield Group Debt (Apr-18) Nil 8.9 M
Slide 14: Contacts
Contacts For personal use only For further information, please do not hesitate to contact: BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 +61 407 336 668 Investor Presentation • May 2018 14