Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2008)
19 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 27, 2008
Slide 1: CEO Presentation AGM 2008
For personal use only Bounty Oil O & Gas G NL CEO Presentation AGM 2008 Philip F Kelso ASX Code: BUY
Slide 2: 2008 - Bounty's First Exploration Hit!
2008- Bounty’s First Exploration Hit ! For personal use only • Reserves: 1.14 million barrels of 2P producing reserves • New gas discovery: Kiliwani North (Tanzania) adjacent j to infrastructure and market; tested 40 million cfg/d, potentially adding 1.7 MMboe to Bounty’s reserves • New Team: focuss
Slide 3: What's in Store for 2009
What’s in Store for 2009 For personal use only • Nyuni Block (Tanzania): – Expecting to achieve gas sales in late 2009 – Possible appraisal drilling at Kiliwani North – Planning for new seismic surveys in the Block, – leading to 2 new exploration wells in 2009/10 aimed at targets totalling 1 Tcf gas
Slide 4: The Team
The Team For personal use only Board • Graham Reveleigh (Chairman) – Geologist 42 years experience in resources • Chuck Ross (NED) – Businessman - 35 years experience in resources and corporate finance • Gary Higginbotham (NED) – Accountant 44 years experience fi financial i l and d ttax accounting
Slide 5: Projects
Projects j For personal use only Nyuni Block 30-50 Bcf commercial gas discovery, 11 Leads and Prospects with 1 Tcf potential AC/P 32 Large Stratigraphic plays WA 324 P Fishburn ~50 Bcf gas Leads and Prospects tototal 1 Tcf gas potential Carnarvon Basin Onshore 2 wells 2009, 2-3 Mmbo and 50 Bcf gas t
Slide 6: Tanzania
Tanzania For personal use only Mwanza A Arusha h Nyuni Block BUY – 5% WI Shinyanga Moshi • Electricity demand growing by y 10% p pa • Gas used for power generation, cement and growing industrial consumer base Dodoma • Nyuni Block has contractual Dar es access to gas plant and Lak Salaam eT Morogoro
Slide 7: Nyuni Block
Nyuni Block B Bewara W West Bewara East Development: 2009 – For personal use only Nyuni Nyuni West N Nyuni i East E t 2010 Amina Seismic and two wells to develop the following g leads: To Da r es Sa EUR Bcf laam Songo Songo East Bawara West 278 Songo Songo Kiliwani North Nyuni West 172 Fanjove North
Slide 8: Nyuni Block - Aerial of Prospects and Leads
Nyuni Block - Aerial of Prospects For personal use only and Leads
Slide 9: Nyuni Block - Summary of Prospect Sizes
Nyuni Block - Summary of Prospect Sizes For personal use only Nyuni Structural Leads P50 mean, unrisked, GIIP Lead Name Neocomian Structural Leads Structural Leads at all levels Only (Neocomian, Aptian-Albian,Top Cretaceous and Base Eocene Gas BCF (GIIP) Oil Mmboe Total Gas Bcf Total Oil Mmboe (GIIP
Slide 10: Kiliwani North Commercialisation
Kiliwani North Commercialisation For personal use only • 70 metre gas column • GWC at least 35 metres below Songo Songo • New pool • South of Songo Songo • Only 6 km from Songas plant Gas field and pipeline to Dar es Salaam • Large Cretaceous • Growing industrial demand for Structure gas and for ele
Slide 11: AC/P Vulcan Sub-Basin
AC/P 32 Vulcan Sub-Basin For personal use only AC 07-3 AC/P 21 Challis Swan Cassini P 22 AC/L 6 AC/L 3 Puffin AC/P 32 P 22 Hibiscus AC/L 8 RL 1 Talbot Wisteria 1 Skua AC//P 34 Gardenia Camelia AC 08-5 Updip Longleat AC/L 7 AC 08-6 Oil Field Montara Fuschia Gas Field Structural Prospect Stratigraphic
Slide 12: Onshore Carnarvon Basin
Onshore Carnarvon Basin For personal use only EP 435 (BUY 10%), EP (412 BUY 65%) EP 325 (2) Tubridgi L9 EP 325 (1) 359 (1) • Along trend from proven hydrocarbons at Rivoli and Rivoli Rough Range EP 433 • Operator scheduled 2 wells for 2009 in two of these three prospects:- EP 444 Thornbill h bill 50
Slide 13: WA-324-P Bonaparte Basin
WA-324-P Bonaparte Basin Fishburn Block For personal use only WA-405-P Petrel WA-6-R WA 376 P WA-376-P Fishburn Deep Fishburn 1 WA-375-P W 08-3 Lead A Dolphin WA-18-P Bottlenose Tern WA-324-P WA-27-R W 08-5 WA-318-P Gas Accumulation Penguin 1 Lead Polkadot 1 WA-313-P 0 25 50 Marina (WA) 1 Kilometres
Slide 14: PEP 11: Offshore Sydney Basin - Gas play
PSPAPP 32 PEL 452 PEL 456 PSPAPP 31 PEP 11: PEL 285 Offshore Sydney Basin - Gas play For personal use only PEL 4 PSPA 20 PEL 267 PELA 98 Newcastle PEP 11 PEL 5 PELA 97 New Leads Lithgow 9 Tcf Gas Potential 100 Sydney 2 5 1 4 ey 454 8 n 444 Wilton 442 Wollongong 0 25 50 Kilometres PSPA 21 BUY 75% and
Slide 15: Utopia SW Queensland
Utopia p SW Queensland For personal use only BUY 40% Murta Depth Structure ATP 950P PL 95 ATP 269P PL 57 ATP 959P PL 169 ATP 560P ATP 959P PL 29 PL 52 ATP 560P U PL 39 PL 38 PL 170 PL 214 Untested Leads Utopia ATP 959P • Large Reserves of 2.4 Mmbo recoverable • Comparatively low production of 40 bop
Slide 16: Utopia Field
Utopia p Field For personal use only Utopia 2 Utopia 6 Utopia 1 Utopia 5 Utopia 3 520 m 587 m 607 m 810 m GR_normalized GR_normalized GR_normalized GR_normalized GR_normalized 0.00 200 0.00 200 0.00 200 0.00 200 0.00 200 1 000 1000 10 M1 es Metre 5 M2 0 M2.1 M2a M2 Oil M2b M2 M2a U1 OWC M2c M2 M3 M2
Slide 17: Take Home Message
Take Home Message g !! For personal use only • KN-1 increases Bounty’s enterprise value to around $25 million. • Exploration to target gas and oil plays in Nyuni Block • PEP 11 – partners identify potential 9 TCF of gas resource and are pursuing rig contract and finance/farmout • 2009 – onshore to r
Slide 18: Disclaimer and Important Notice
Disclaimer and Important p Notice 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 ran
Slide 19: Bounty Oil & Gas NL contact
For personal use only Bounty Oil & Gas NL For further information go to: www bountyoil com www.bountyoil.com Or contact: Philip F Kelso, CEO geo@bountyoil.com +612 9299 7200
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