Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Webinar Presentation – Surat Basin Operations (June 2022)
11 slides from Bounty Oil & Gas Nl's conference presentation, Jun 29, 2022
Slide 1: Surat Basin Oil Production to Accelerate Growth
BOUNTY Oil & Gas NL ASX:BUY Surat Basin Oil Production to Accelerate Growth | June 29, 2022
Slide 2: Disclaimer / Competent Person
Disclaimer / Competent Person 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 variables which coul
Slide 3: ASX Listing Rules – ASX Chapter 5 Reserves and Resources
ASX Listing Rules – ASX Chapter 5 Reserves and Resources ASX LISTING RULES 5.25 – 5.45 • 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). Bounty is compli
Slide 4: Bounty Current Production (Naccowlah 2%)
Bounty Current Production (Naccowlah 2%) • Monthly revenue rate at $240,000 per month • Achieving oil prices above A$150 AUD per barrel • Operator Santos Limited to commence drilling Cooroo NW 7 development well today 29 June 2022 with Ensign 967 rig • Near Field Exploration (“ FE”) potential being
Slide 5: Southern Surat Basin – Bounty Poised for Revenue Expansion
Southern Surat Basin – Bounty Poised for Revenue Expansion • Alton Area leases include the discovered Alton and Eluanbrook oil fields • Alton development was not considered optimal and was shut in at less than 50 bopd in a low oil price environment • Bounty has identified additional commercial Alton
Slide 6: Alton Oilfield – Development Opportunities
Alton Oilfield – Development Opportunities • The Alton Oil Field was previously developed with 10 wells on beam pump from the Jurassic Evergreen Formation on 2D seismic • Alton 1 and 3 have oil above what is possibly the current OWC in the A, B and D sands, ready for immediate production • The unswe
Slide 7: Alton Oil Field Development Opportunities (cont’d)
Alton Oil Field Development Opportunities (cont’d) • D sand is the best reservoir in the field and forms a channel striking NS along the eastern side of the structure • North of Alton 1, 3 and 8 is another identified development candidate with attic oil in the D Sand • Both attic opportunities and t
Slide 8: Eluanbrook Oil and Gas Field – Appraisal Opportunity
Eluanbrook Oil and Gas Field – Appraisal Opportunity • Eluanbrook-1 was an oil discovery in the Triassic Showgrounds Formation with a DST that flowed gas to surface quickly and recovered 19bbls oil • Following installation of pump infrastructure in 1986, oil was produced intermittently but operation
Slide 9: Near Term Liquids Development Opportunity - Downlands Area
Near Term Liquids Development Opportunity - Downlands Area • Downlands was producing gas when it was shut in due to pipeline re-assignment • Development opportunities currently being assessed include: • liquids stripping of the Downlands gas pool; and • the development of the oil leg encountered at
Slide 10: Planning and Programs
Planning and Programs • Reserves, contingent resources for discovered pool and prospective resources for NFE currently being matured to progress discussions with 3rd parties including offtake and JV participation (Q3) • Showgrounds Exploration potential in Alton and Eluanbrook area being fast tracke
Slide 11: Bounty – A Compelling Investment Case (ASX.BUY)
Bounty – A Compelling Investment Case (ASX.BUY) • Current onshore producer with cash on hand to deploy organically to assist funding of further development and near field exploration of operated Surat Basin assets • Inventory of development and exploration opportunities acquired in downturn and now
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