Bengal Energy Ltd. · TSX:BNG
Bengal Energy — Investor Presentation (May 2022)
18 slides from Bengal Energy's investor presentation, May 2022
Slide 1: Equity Raising Presentation
BENGAL ENERGY OIL AND GAS EXOLORATION IN THE COOPER BASIN EQUITY RAISING PRESENTATION 31 March 2022 INVESTMENT OPPORTUNITY PRESENTATION OIL AND GAS EXPLORATION IN THE COOPER BASIN May 2022
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”, “pr
Slide 3: Disclaimer
DISCLAIMER Reserves Estimates: Other than the reserves estimates disclosed on slides 5,11 and 13 the recovery, reserves and resources estimates provided herein are internal estimates only. The reserve estimates disclosed on slides 5,11 and 13 were prepared by GLJ Petroleum Consultants Ltd. dated Jun
Slide 4: Agenda
AGENDA 1 COMPANY HIGHLIGHTS 2 SUSTAINABLE DEVELOPMENT 3 CORPORATE SNAPSHOT 4 VISION FOR GROWTH 5 INVESTMENT SUMMARY 4
Slide 5: Company Highlights
COMPANY HIGHLIGHTS Bengal Energy has a long-term portfolio of exploration upside and all projects have near term revenue potential. MATERIAL ATTRACTIVE INNOVATIVE CAPITALISE ON RESOURCE UPSIDE ECONOMICS EMERGING COMMODITY TECHNOLOGIES PRICES Approx 20 mmboe of New development economics Best-Case Res
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT CAPITAL STRUCTURE Exploring and producing C$5 MILLION hydrocarbon assets in Australia for In cash and financial assets more than 15 years, Bengal Energy TSX code BNG NIL DEBT is already in production with All free cash flow TSX share price C$ 0.11 diverse opportunities and no debt
Slide 7: Our Team
OUR TEAM Meet our management team of experienced and committed industry experts Chayan Chakrabarty Jerrad Blanchard Richard Edgar Kai Eberspaecher PRESIDENT,CEO & DIRECTOR CHIEF FINANCIAL OFFICER EXECUTIVE VICE PRESIDENT CHIEF OPERATING OFFICER • Over 20 years' experience in gas and oil • More than
Slide 8: Our Board
OUR Board Experienced and Committed Industry Experts R.D. (Bob) Steele, P.Eng. Dr. Brian Moss, Ph.D. (Geol) Peter Lansom Chairman of the Board Director Director Independent businessman since March 2010. Prior President and Chief Executive Officer of Crown Point Peter Lansom holds a Bachelor of Petro
Slide 9: Promoting Sustainable Development
PROMOTING SUSTAINABLE DEVELOPMENT Bengal Energy strives to be an active part of local communities and promote sustainable work practices within the resources industry. ENVIRONMENTAL PEOPLE FIRST STEWARDSHIP Maximising local employment Targeting a low carbon opportunities. footprint. Equal opportunit
Slide 10: Vision for Growth
VISION FOR GROWTH 10,000 BOE PER DAY BY 2024 STREAM 1: DEVELOPMENT STREAM 3: RESOURCE CONVERSION Increase operated oil and gas production Enviable portfolio of contingent and prospective resources STREAM 2: TECHNOLOGY STREAM 4: M&A Unlock resources and diversify revenues Seek out value adding accret
Slide 11: Stream 1: Development
Stream 1: Development Increase operated oil and gas production 01 WAREENA • Water shut off • Pipeline reinstatement Picture • Production 350 to 500 BOE per day 02 CARACAL • Workover and stimulation • Production estimated 60 BPD 03 RAMSES, GHINA, KARNAK • Gas development opportunities 11
Slide 12: Stream 2: Technology
Stream 2: Technology Unlock resources and diversify revenues 01 EARLY AND STRANDED GAS PRODUCTION SYSTEM • Unlocks previously stranded wells • Commands superior gas prices 02 EARLY OIL PRODUCTION SYSTEM • Generation of early cash flow • Optimisation of final capex 03 GREEN HYDROGEN FROM PRODUCED WAT
Slide 13: Stream 3: Resource Conversion
Stream 3: Resource Conversion Enviable portfolio underpinned by independent resource report 01 NEAR FIELD EXPLORATION POTENTIAL WAREENA, RAMSES, KARNAK • Low risk extension of existing fields 02 ATP 732 – BENGAL’S OIL PROVINCE • High density array of prospects • Scalable, cost efficient oil field de
Slide 14: Stream 4: M&A
Stream 4: M&A Seek out value-adding acquisitions 01 DEAL FLOW EVALUATION EXPERTISE 02 MATERIALITY 03 STRATEGIC FIT 14
Slide 15: Investment Opportunity Overview
INVESTMENT OPPORTUNITY OVERVIEW ESTABLISHED DEBT-FREE STRONG GROWTH POSITIVE MARKET CAP PRODUCER COMPANY PROSPECTS HISTORY • Bengal Energy has immediate accretive projects available to absorb up to A$10 million before an ASX IPO. • Shares can be purchased through the existing TSX listing on the open
Slide 16: ASX Peer Comparison
ASX PEER COMPARISON UNREALISED VALUE 2P RESERVES VS PRODUCTION LISTED EXPLORER EV $MM P/E 00 5000 Armour Energy (AJQ) 36 4.8 3 00 4000 CTP 00 3000 1.3 x BNG Central Petroleum (CTP) 87 3.0 002000 AJQ rod c on oepd 001000 BNG 1.4 x BNG State Gas (GAS) 69 19.5 00 0 10 15 20 25 30 00 Comet Ridge (COI) 1
Slide 17: Share Price Impact and Opportunity
IMPACT OF CAPITAL INJECTIONS ON PRODUCTION VALUE SHARE PRICE IMPACT AND OPPORTUNITY Bengal Energy is well positioned for growth. We have strong earnings, an experienced management team and long term potential for investors. CURRENT PRE-ASX IPO ASX IPO Proceeds C$6 mln in bank and up to Up to $10 mil
Slide 18: Acreage Position
ACREAGE POSITION Queensland’s Cooper Basin CUISINIER – 30% • PL 303, PL 1028, PCA 206 & PCA 207 WINDORAH TROUGH FIELDS – 100% • Karnak – Permian gas • Ramses – Permian gas and Jurassic oil • Ghina – Permian gas • Wareena – Permian gas (produced) ATP 934 – 40 - 100% BENGAL ENERGY • Permian gas plays