Bass Oil Ltd · ASX:BAS
Bass Oil — Shareholder Meeting (May 2022)
12 slides from Bass Oil's shareholder meeting presentation, May 24, 2022
Slide 1: Annual General Meeting
ASX:BAS www.bassoil.com.au For personal use only May 2022 Annual General Meeting
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: For personal use only This presentation has been prepared by Bass Oil Ltd (ASX:BAS) (“Bass” or the “Company”) with the purpose of providing general information about the Company. It should not be considered as an offer or invitation to su
Slide 3: FY21 Highlights
FY21 HIGHLIGHTS Bass’ 55% owned Tangai-Sukananti Oil Field produced 147,000 barrels of oil in FY21 (402 For personal use only bopd) and the Company is in the final stages of completing the Tangai-5 development well to lift production to its nameplate capacity of 1,000 bopd Bass conducted a thorough
Slide 4: Bass Oil Limited Corporate Snapshot
BASS OIL LIMITED CORPORATE SNAPSHOT Capital Structure1 Share Price History For personal use only Share Price (20 May 2022) A$0.048 $0.16 16 Shares on Issue 178.6m $0.14 14 Market Capitalisation A$8.6m Cash (31-Mar-22)* A$2.5m $0.12 12 Debt (31-Mar-22) Nil $0.10 10 Volume (millions) Enterprise Value
Slide 5: Senior Management and Directors
SENIOR MANAGEMENT AND DIRECTORS Board of Directors Executive Management For personal use only Peter Mullins Hector Gordon Mark Lindh Giustino Guglielmo Andri Luthfi Non-Executive Chairman Non-Executive Director Non-Executive Director Managing Director General Manager n 40+ years of senior banking n
Slide 6: Cooper Basin Acquisitions
COOPER BASIN ACQUISITIONS Bass has executed Sales and Purchase Agreements with Cooper Energy Limited (“Cooper”) and Beach Energy Limited For personal use only (“Beach”) to acquire a portfolio of interests in the Cooper Basin § Bass to obtain interest in eight Cooper Basin tenements for total cash co
Slide 7: Cooper Basin Interests to be Acquired
COOPER BASIN INTERESTS TO BE ACQUIRED Bass will become one of the largest acreage holders in the Cooper Basin on transaction completion and will look to grow the production and reserves base in the region For personal use only Interest Interest Proposed Bass Asset Acquired from Acquired Commentary I
Slide 8: Transaction Rationale
TRANSACTION RATIONALE § Bass will produce ~75 bopd in Australia at a cash margin greater than A$30/bbl at For personal use only Cash flow US$80/bbl Brent on transaction completion with significant short term upside 1 generation § Strong oil price environment results in increased free cash flow (proj
Slide 9: Indonesian Portfolio
INDONESIAN PORTFOLIO Bass maintains a 55% operating interest in the producing Tangai-Sukananti KSO in the oil rich South Sumatra Basin For personal use only § Experienced on-ground Indonesian team manage all operations – 5 million safe man hours of operational performance without a single lost-time
Slide 10: Diverse Asset Base
DIVERSE ASSET BASE Bass will hold quality assets in both Indonesia and Australia For personal use only § Completing the Cooper Energy and Beach Energy transactions contemporaneously will provide Bass shareholders with a strong foothold in a region that has proven value § Bass will own interests in a
Slide 11: Capital Management Initiatives
CAPITAL MANAGEMENT INITIATIVES Bass recently completed a share consolidation and minimum holding buy-back to ensure the Company is positioned for growth going forward1 For personal use only Minimum Holding Buy-back: § Bass recently completed a minimum holding buy-back to acquire 54.5 million shares
Slide 12: For personal use only
This presentation has been authorised for release by the Board of Bass Oil Limited For further information, please contact: For personal use only BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au May 2022 12