Blue Star Helium Limited · ASX:BNL
Blue Star Helium — Big Star Energy — Investor Presentation (May 2019)
10 slides from Blue Star Helium's investor presentation, May 3, 2019
Slide 1: Corporate Presentation May 2019
For personal use only Corporate Presentation May 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Big Star Energy Limited (ACN 009 230 835) (BNL). Each recipient of this presentation is deemed to have agreed to accept For personal use only the qualifications, limitations and disclaimers set out below. None of BNL and/or its subsidiaries or their
Slide 3: Strategy
Strategy For personal use only Deliver superior returns to shareholders through a combination of organic and inorganic growth • Exploration and development of conventional oil and helium-rich gas assets in stable political environments • In areas with proven fields or discoveries, low finding and de
Slide 4: Board
Board For personal use only Ross Warner, Executive Chairman – Lawyer with 15+ years in oil and gas particularly in the United States, UK and Indonesia – Experienced executive with previous and current board roles on AIM and ASX Joanne Kendrick, Managing Director – Petroleum and reservoir engineer wi
Slide 5: Growth Cycle
Growth Cycle For personal use only Near term – secure prospective resources • Percy Creek oil exploration 2D/3D seismic program • Acreage leasing over internally generated helium-rich gas prospects Medium term – convert prospective resources to reserves and contingent resources • Percy Creek and hel
Slide 6: Percy Creek, a Good Address
Percy Creek, a Good Address For personal use only • Four stacked targets all proven hydrocarbon plays in the area • Wyoming in the top 10 of US oil producing states • 87 MMbbl crude oil produced in 2018 • 2009 – 2018 >5% CAGR • Other operators include BP, Anadarko, Chesapeake, Chevron, Devon, Encana
Slide 7: Percy Creek Prospects
Percy Creek Prospects For personal use only Farmin and drilling option for 100% working interest • 5,228 gross acres with additional 29,900 gross acres covered by AMI • Operational control over work program Conventional oil analogues • Sundance Formation - Elk Mountain Field – Anshutz-1 well, 450bop
Slide 8: Percy Creek Terms & Notional Schedule
Percy Creek Terms & Notional Schedule For personal use only Phase 1 (farmin) - earn 20% working interest1 • Acquire 18 miles of 2D and 3D seismic Phase 2 (option) - earn remaining 80% working interest • Spud well targeting total depth the lesser of 9,000 feet and Tensleep Formation • Pay US$100k plu
Slide 9: Corporate Structure
Corporate Structure For personal use only Ticker : BNL.ASX Industry : Oil and Gas Shares on issue : 331m Unlisted Options : 91.875m @ 1c expiring June 2020 Market cap (31 March 19) : $2.3m Ownership Fully Diluted Cash at bank (31 March 19) : ~$0.29m Board & Mgmt 17% 28.2% HSBC Nominees 8.6% 6.8% Ell
Slide 10: Contacts
Contacts For personal use only Big Star Energy Limited (BNL.ASX) Unit 6, 245 Churchill Avenue Subiaco, WA 6008 ACN 009 230 835 www.bigstarenergy.com.au info@bigstarenergy.com.au 10