Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (September 2009)
25 slides from Bass Oil's investor presentation, Sep 22, 2009
Slide 1: September 2009
For personal use only September 2009
Slide 2: Clear Exploration Focus on Southeast Australia
Clear Exploration Focus BASS STRAIT on Southeast Australia (0) @ Strong permit position; bh excellent leverage to high-impact discovery potential. Oil for Australians @ Coherent, focussed portfolio across three productive basins. Tn a tua, @ Offshore drilling & seismic operations experience since 20
Slide 3: Directors and Management
DIRECTORS AND MANAGEMENT For personal use only ¾ John McInnes OAM, Chairman – BComm, FCA, chartered accountant and company director ¾ Andrew Adams, Managing Director – BSc, MBA, former Amoco Canada and Santos executive, member of APPEA Exploration Committee ¾ Dr Henry Askin, Director – former Shell
Slide 4: Corporate Status
CORPORATE STATUS For personal use only – 155 million ordinary shares – 4.1 million unlisted options – Top twenty shareholders hold over 45% – Albers Group interests 29% – Total shareholders approximately 2,160 – Market capitalisation approximately $8 million
Slide 5: Rights Issue Offer
RIGHTS ISSUE OFFER For personal use only – 2:3 renounceable rights issue at 3.0 cents – 103,633,968 new ordinary shares – Gross funds raised $3,109,019 – 259,084,921 total shares post-issue – Funds applied to exploration programme and working capital
Slide 6: Share Price Performance
BAS 12 month SHARE PRICE PERFORMANCE For personal use only Offer price 3.0 cents
Slide 7: Bass Strait Oil Company Ltd – Permit Interests
BASS STRAIT OIL COMPANY LTD – PERMIT INTERESTS For personal use only TOTAL ACREAGE ca 14,000 sq km IN THREE PRODUCTIVE BASINS Gippsland Basin VIC/P41 – 45% operator VIC/P42 – 100% (post renewal) VIC/P47 – 40% operator VIC/P66 – 60% operator Bass Basin T/42P & T/43P – 100% operator Otway Basin PEP167
Slide 8: BAS - Gippsland Basin Acreage
BAS - GIPPSLAND BASIN ACREAGE For personal use only VIC/P42 & VIC/P47 Renewal process ongoing Permit areas in renewal term shown
Slide 9: VIC/P47: Offshore Gippsland Basin
VIC/P47: OFFSHORE GIPPSLAND BASIN For personal use only Farmout discussions continuing Renewal pending Existing gas discoveries at Judith and Moby with nearby infrastructure Longtom gas field is analogue for Judith - both Emperor Sub Group reservoirs Patricia Baleen is analogue for Moby - both Gurna
Slide 10: Independent Resource Certification
INDEPENDENT RESOURCE CERTIFICATION Gaffney Cline Associates For personal use only GIIP bcf EUR bcf Low Best High Low Best High Judith-1 Contingent 87.8 298.1 1245.6 48.3 193.7 934.2 TDS-1 Prospective 24.3 156.8 479.7 13.3 101.9 359.8 Judith South Prospective 5.7 25.8 172.5 3.2 16.8 129.4 Potential J
Slide 11: Judith South/Judith Block – SW to NE Traverse
JUDITH SOUTH/JUDITH BLOCK – SW to NE TRAVERSE Judith South Judith-1 For personal use only WSW Judith-1 ENE
Slide 12: VIC/P41: Prospects and Leads
VIC/P41: PROSPECTS AND LEADS For personal use only 3D defined, high impact prospects Kipling, analogous to Kipper field P50: 124 MMbbls +620 Bcf Benchley, GB and Halibut targets P50: 184 MMbbls + 1.4 Tcf Oscar, analogous to Basker/Manta P50 combined total - 40 MMbbls (Unrisked, 100% volume estimat
Slide 13: Kipper / Kipling AVO Response
KIPPER / KIPLING AVO RESPONSE For personal use only KIPPER FIELD KIPLING PROSPECT
Slide 14: Deep Water Leads – Eastern Area
DEEP WATER LEADS – EASTERN AREA S N For personal use only Golden Beach feature Potentially large structure Lies in ca 600 metres water LEAD A
Slide 15: VIC/P66: Gippsland Basin Extension Play
VIC/P66: GIPPSLAND BASIN EXTENSION PLAY For personal use only Vic/P66 BAS – 60% & operator No wells & sparse seismic control Possible extensions of Vic/P41 plays and leads (e.g. Lead A) Year 1 of permit, building data base
Slide 16: VIC/P42: Prospects & Leads
VIC/P42: PROSPECTS & LEADS For personal use only In renewal process – BAS to assume 100% Zane Grey and Omeo discoveries Renewal area fully covered by 3D seismic Seismic data sets to be reprocessed
Slide 17: VIC/P42: Tarra Southeast and Tarra North
VIC/P42: TARRA Southeast and TARRA North For personal use only TARRA PROSPECTS • 3D defined Top Latrobe Tarra SE features Downthrown • Closures mapped on both upthrown and downthrown fault blocks (Tarra SE) • Stacked closure potential • Dolphin Field analogue Seismic Traverse Tarra SE Upthrown 0 5km
Slide 18: VIC/P42: Tarra SE & Dolphin Field Analogue
VIC/P42: TARRA SE & DOLPHIN FIELD ANALOGUE For personal use only Top Latrobe Tarra SE Dolphin Field 24 MMbbls
Slide 19: Onshore Otway Basin – BAS Acreage
ONSHORE OTWAY BASIN – BAS ACREAGE For personal use only • Excellent access and infrastructure in onshore Otway indicates good economics for oil development • BAS 100% in PEP 167, contains Windermere-1 oil discovery • BAS 15% farmin interest to PEP150 - contains Lindon oil discovery (permit pending n
Slide 20: PEP167: Windermere-1 Oil Appraisal 3D Seismic
PEP167: WINDERMERE-1 OIL APPRAISAL 3D SEISMIC For personal use only Windermere-1: ¾ drilled in 1987 ¾ recovered 32 bbls oils ¾ likely wellbore damage Technical review completed ¾ Reservoir engineering ¾ Petrophysics ¾ Seismic Plan to acquire 2010 Windermere 3D seismic Follow up leads will be address
Slide 21: Bass Basin Acreage – BAS 100% and operator
BASS BASIN ACREAGE – BAS 100% and operator For personal use only T/42P & T/43P - total 6,120 sq km capturing much of the Durroon Sub basin play Under explored area with one well, limited 2D seismic. New 2D seismic acquired and older vintage data reprocessed in 2008. Favourably located - infr
Slide 22: Bass Basin Acreage – Regional Setting
BASS BASIN ACREAGE – REGIONAL SETTING For personal use only Major NW/SE structure evident on depth to basement map Bark, Anderson & Boobyalla Troughs untested Durroon SB source “kitchens” Presence of reservoirs and access to hydrocarbon charge probable based on studies
Slide 23: Bass Basin Acreage – BAS 100% and operator
BASS BASIN ACREAGE – BAS 100% and operator For personal use only Summary of recent results: • petroleum ‘kitchen’ areas have the potential to have generated large volumes of oil and gas • an inventory of large prospects has been defined on high quality data and a number of play types have been ident
Slide 24: Clear Exploration Focus on Southeast Australia
Clear Exploration Focus BASS STRAIT on Southeast Australia (0) @ Strong permit position; bh excellent leverage to high-impact discovery potential. Oil for Australians @ Coherent, focussed portfolio across three productive basins. Tn a tua, @ Offshore drilling & seismic operations experience since 20
Slide 25: 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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