Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2016)
16 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 25, 2016
Slide 1: Bounty Oil and Gas NL Annual General Meeting
Bounty Oil and Gas NL Annual General Meeting For personal use only November 25, 2016 AGM Presentation ASX Code: BUY Malcolm Lennox – Exploration Manager Gas Plant Songo Songo Island
Slide 2: Main News - Kiliwani North on Production
Main News - Kiliwani North on Production For personal use only Kiliwani North Production Build up 10000 7457 7412 6386 1000 561 Log boe 326 306 278 100 159 31 10 23 7 1 1 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Gas Boe Cond bbls Discovered in 2008, on production 8 years later BUY Revenue of ~$2 mi
Slide 3: What we are Going to Discuss
What we are Going to Discuss Production, Development and Appraisal • Production For personal use only • Development/Appraisal PL 2 • Existing Pool • Attic Oil Growth • AC/P 32 • Nyuni (Tanzania) Deepwater Exploration • PEP 11 Seismic 3
Slide 4: Projects and Bounty's Strategy
Projects For personal use only • Production: Oil and Gas sales should stabilise at around $2.5 million in 2016/17, with upside from reopening Alton Oilfield. Bounty’s • Core Development/Appraisal and Exploration: PL 2 Alton and PL2A (Surat Basin QLD) “Attic Oil” Alton and Eluanbrook Threefold apprai
Slide 5: Production and Kiliwani North – Songo Songo Island Tanzania
Production and Kiliwani North – Songo Songo Island Tanzania Bounty Daily Production over the Last 12 For personal use only Months 350 Kilwani North boepd Utopia bopd Naccowlah bopd 300 Old Gas Plant 250 200 New Gas Plant Boepd 150 100 Kiliwani North 50 0 • Kiliwani North gas production commenc
Slide 6: Production, Development and Appraisal
Production, Development and Appraisal Bounty has been unhappy holding a For personal use only substantial, but non operating stake, in an oilfield development and has been working to acquire operated production and development assets The realising of production at Kiliwani North has now given Bounty
Slide 7: PL Alton Oil Field (BUY 100%)
PL 2 Alton Oil Field (BUY 100%) – >2 Mmbo production to date For personal use only Decline analysis suggests that there is another 48,000 bbls to be recovered from Alton 1 and 3 in the A-C sands above the D sand which is anticipated to be wet in both wells Structure mapping suggests that there is an
Slide 8: Appraisal - PL 2B Eluanbrook - BUY 81.75%
Appraisal - PL 2B Eluanbrook - BUY 81.75% For personal use only Eluanbrook 1 produced gas, light oil and water, was put on production and watered out as it was drawing from the best reservoir below the OWC Eluanbrook 2 will appraise this discovery up dip from well #1 where both the sands are above t
Slide 9: Production – Naccowlah (BUY 2%)
Production – Naccowlah (BUY 2%) For personal use only Naccowlah Production BUY Share Bopdc 45.00 40.00 35.00 30.00 Boepd 25.00 20.00 15.00 10.00 5.00 0.00 Under quite adverse circumstances production has been maintained relatively constant thanks to ongoing production optimisation operations There a
Slide 10: Growth - AC/P
Growth - AC/P 32 For personal use only Azalea surrounded by oilfields and the various targets defined at Azalea fit nicely in the field size distribution Azalea Prospect is a 100 – 200 MMbo target in the Puffin Sands, with a strong AVO anomaly, up dip from proven oil in the same Formation in Birch 1
Slide 11: AC/P Timor Sea - 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 12: Nyuni Deep Water Exploration (BUY 5%)
Nyuni Deep Water Exploration (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
Slide 13: PEP Multi TCF Gas Exploration – BUY 15%
PEP 11 Multi TCF Gas Exploration – BUY 15% For personal use only Seismic Acquisition over main prospects delayed by Whale migration 13
Slide 14: Summary
Summary For personal use only Apparent loss of revenue from Utopia is more than compensated for by the potentital production from development of Alton and Eluanbrook Pursuing 100 – 200 MMbo recoverable oil play at Azalea Prospect (AC/P 32) Commencing deepwater gas exploration for 1-2 TCF targets adj
Slide 15: 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 16: 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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