Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (August 2012)
17 slides from Bass Oil's investor presentation, Aug 13, 2012
Slide 1: Investor Presentation August 2012
For personal use only Investor Presentation August 2012 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Bass Strait Oil Company Ltd (“BAS” or the “Company”), with the purpose of For personal use only 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: Investment Highlights
INVESTMENT HIGHLIGHTS • Large, prospective trend-focused, acreage holding with both For personal use only onshore and offshore permits • Permits strategically located over three productive basins • Permits located in low-cost, low risk jurisdictions with existing infrastructure • Control of destiny
Slide 4: Capital Raising
CAPITAL RAISING • Capital raising to raise ~$2m by way of a: For personal use only • placement of shares to Cooper Energy to raise $843,089; and • 1:6 non-renounceable entitlement issue to raise up to $1.1m • Offer price for the placement and rights issue is $0.015 • Entitlement issue fully underwri
Slide 5: Corporate Information (Post Capital Raising)
CORPORATE INFORMATION (POST CAPITAL RAISING) • ASX code: BAS For personal use only • 518,286,481 ordinary shares • 12,000,000 unlisted options exercisable at 4 cents each with expiry on 14/10/14 • Total shareholders approximately 2,185 • Cash on hand: ~A$4.0 million • Market capitalisation: ~A$9.3 m
Slide 6: Directors and Management
DIRECTORS AND MANAGEMENT • John McInnes, OAM, BComm, FCA, CHAIRMAN For personal use only • Chartered accountant, company director and Director of Mutual Trust. He has previously been Deputy Chairman of Pacific Hydro Ltd and Chairman of Futuris Ltd. • David Lindh OAM, LLB, DIRECTOR • Lawyer and compa
Slide 7: Balanced Portfolio of Opportunities
BALANCED PORTFOLIO OF OPPORTUNITIES APPRAISAL EXPLORATION FRONTIER For personal use only PORTFOLIO – 40% PORTFOLIO – 50% PORTFOLIO – 10% • VIC/P41 • VIC/P66 • VIC/P47 • Kipling • East Gippsland • Judith • Benchley • Moby • Oscar • VIC/P42 • VIC/P42 • Zane Grey • Tara • Omeo • VIC/P68 • VIC/P68 • Wah
Slide 8: Permits
PERMITS TOTAL ACREAGE For personal use only ~10,000 sq km (1.5 million acres net), in three productive basins Otway Basin • PEP167 – 100% operator • PEP150 – 15%, permit yet to be granted • PEP175 – 100%, permit yet to be granted Gippsland Basin • VIC/P47 – 40% operator • VIC/P41 – 45% operator • VI
Slide 9: Onshore Otway Basin
ONSHORE OTWAY BASIN PEP 150 – 15% For personal use only • waiting on resolution of Native Title prior to permit award –focus on Casterton shale gas play and Lindon Pebble Point play PEP 167 – 100% • 5- year renewal to July 2017 • focus on Casterton shale gas play and Waarre conventional gas play PEP
Slide 10: Offshore Gippsland Basin
OFFSHORE GIPPSLAND BASIN For personal use only Investor Presentation August 2012 10
Slide 11: VIC/P47: Fields and Prospects (Bass: 40%)
VIC/P47: FIELDS AND PROSPECTS (Bass: 40%) • Continuing farmout interest • Patricia Baleen (Santos) is For personal use only analogue for Moby • Existing gas discoveries at Judith and Moby with • first gas in 2003 nearby infrastructure • $120 million development • 70 BCF sales gas • Judith: GCA certi
Slide 12: VIC/P68: Prospects and Leads (Bass: 100%)
VIC/P68: PROSPECTS AND LEADS (Bass: 100%) • Recently granted (May 2012) for six For personal use only year term • Contains Leatherjacket Oilfield with contingent resources of 3.05 (1C), 4.71 (2C) and 7.61 (3C) • Five structural leads on trend to Moby Field • Two high-impact prospects with prospectiv
Slide 13: VIC/P41: Prospects and Leads (Bass: 45%)
VIC/P41: PROSPECTS AND LEADS (Bass: 45%) • 3D-defined, high-impact prospects For personal use only with prospective resources • Kipling, analogous to Kipper field • P50: 320 BCF + 15 mmbbls • P10: 1 TCF + 50 mmbbls • Benchley, analogous to Kipper field • P50: 800 BCF + 40 mmbbls • P10: 3 TCF + 150 m
Slide 14: VIC/P66: Exploration Concepts (Bass: 60%)
VIC/P66: EXPLORATION CONCEPTS (Bass: 60%) • Underexplored For personal use only East Gippsland play • Stanton (P10 prospective resource: ~600 BCF recoverable) defined on 2D in west of permit • 3D seismic to be acquired over Stanton end 2012 / early 2013 Investor Presentation August 2012 14
Slide 15: VIC/P42: Prospects and Leads (Bass: 100%)
VIC/P42: PROSPECTS AND LEADS (Bass: 100%) • Zane Grey and Omeo For personal use only discoveries – contingent resources • Area fully covered by 3D seismic • 3D seismic data sets have been merged and depth migrated • Final merged data set is being interpreted and inverted Investor Presentation August
Slide 16: Short Term Forward Plan
SHORT TERM FORWARD PLAN For personal use only 3Q 2012 4Q 2012 1Q 2013 2Q 2013 OTWAY BASIN PEP 150 Negotiate Native Title and Permit Award PEP 167 Negotiate Native Title and Permit Award PEP 175 Negotiate Native Title and Permit Award GIPPSLAND BASIN Vic/P41 Prepare to acquire 3D Vic/P42 Seismic Inve
Slide 17: Summary
SUMMARY • Balanced permit position: excellent leverage to high impact For personal use only discovery potential • Coherent focused portfolio across productive basins • Offshore and onshore drilling and seismic operations since 2000 • Access to eastern Casterton unconventional play area • Access to R
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