Bass Oil Ltd · ASX:BAS

Bass Oil — Bass Strait Oil Company — Shareholder Meeting (November 2016)

13 slides from Bass Oil's shareholder meeting presentation, Nov 3, 2016

  1. Slide 1: Annual General Meeting Presentation

    For personal use only Onshore South Sumatra Bunian-3 drilling Source: Cooper Energy Annual General Meeting Presentation Tino Guglielmo Executive Director November 2016

  2. Slide 2: Landmark Acquisition of Indonesian Production Assets

    Landmark Acquisition of Indonesian Production Assets For personal use only In October 2016, Bass Strait Oil Company announced the acquisition of Cooper Energy’s 55% interest in the Tangai-Sukananti production assets located in South Sumatra, Indonesia which will: • Immediately transform the Company

  3. Slide 3: Bass Strait Oil & Gas Company (ASX:BAS)

    Bass Strait Oil & Gas Company (ASX:BAS) For personal use only Capital Structure Share Ownership Summary Shares on Issue 1,287.0 M Cooper Energy Ltd 13.5% Tino Guglielmo Market Cap (@ $0.002) A$2.6 M 10.9% Mark Lindh 52.3% 10.2% Tattersfield Group Cash Estimate A$0.3 M Icon Holdings Pty Ltd 8.2% Ente

  4. Slide 4: Tangai-Sukananti Production Assets

    Tangai-Sukananti Production Assets For personal use only  Acquisition of Cooper Energy’s 55% interest in Tangai-Sukananti production asset - located in the South Sumatra Basin, a prolific oil & gas region in Indonesia  Proven operations with substantial low-cost and low-risk development options 

  5. Slide 5: Strong Project Economics

    Strong Project Economics For personal use only  Current production of ~500 bopd (100% JV share) – opportunity to increase through production optimisation  Operating costs currently ~US$35 / bbl – investigating cost optimisation opportunities  Free cash flow (net to BAS) of ~A$ 2.1 million by end

  6. Slide 6: Key Acquisition Terms

    Key Acquisition Terms For personal use only  Cash consideration of A$500,000 at the Completion Date  Scrip consideration of 180,000,000 shares in BAS at $0.0015 per share – subject to EGM approval  A$2,270,000 cash payable 12 months from Completion Date  Balance of working capital items are to b

  7. Slide 7: Investment Case

    Investment Case For personal use only  Assets are cash flow positive at current oil pricing - significantly leveraged to improved market conditions Strong Project Economics  Current production of ~500 bopd (100% JV share)  On average, generation of $A100-150K free cash flow per month at US$50 / b

  8. Slide 8: Indonesia: World Class Oil & Gas Basins

    Indonesia: World Class Oil & Gas Basins For personal use only Sumatra is Indonesia’s most established hydrocarbon province – ideal platform for building a regional business Discovered hydrocarbons in Indonesia onshore provinces Source: IHSE (onshore oil & gas reserves shown only) AGM Presentation •

  9. Slide 9: Tangai-Sukananti KSO: Background

    Tangai-Sukananti KSO: Background For personal use only  Operations in the KSO primarily focused on Bunian oil field which was discovered in 1998  Produced over 1.25 million barrels as at June 2016  Bunian-1 was the only producing well in the area up until May 2015, (Bunian-3 ST2)  Multiple low c

  10. Slide 10: Non-Core Assets - Update

    Non-Core Assets - Update For personal use only VIC/P41 (Bass 64.565%):  Following a review of the prospectivity of the Vic/P41 permit, the JV agreed to surrender the permit prior to the commencement of the Year 5 work program which required the drilling of one exploration well  An application for

  11. Slide 11: Key Messages – Indonesia Acquisition

    Key Messages – Indonesia Acquisition For personal use only 1. Generation of significant free cash flow at current oil pricing 2. Transformation of BAS into a SE Asia-focussed oil & gas business 3. Low-risk and low-cost development opportunities within Tangai and Bunian oil fields 4. Indonesia curren

  12. Slide 12: Contacts

    Contacts For personal use only For further information, please do not hesitate to contact: EXECUTIVE DIRECTOR INVESTOR RELATIONS Tino Guglielmo Christian Calabrese tino.guglielmo@bassoil.com.au ccalabrese@adelaideequity.com.au +61 3 9927 3000 +61 8 8232 8800 +61 407 336 668 +61 431 877 682 AGM Prese

  13. Slide 13: Disclaimer

    Disclaimer For personal use only This presentation has been prepared by Bass Strait Oil Company Ltd (“BAS” or the “Company”), with the purpose of 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

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