Bass Oil Ltd · ASX:BAS
Bass Oil — Investor Presentation (June 2017)
15 slides from Bass Oil's investor presentation, Jun 22, 2017
Slide 1: Indonesian Growth Focused Oil Production Company
For personal use only Indonesian Growth Focused Oil Production Company Investor Presentation June 2017
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Bass Oil 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 Company, or as
Slide 3: Bass Oil Limited (ASX:BAS) – Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot Capital Structure Share Ownership Summary For personal use only Market Cap @0.2c A$4.5M Shares On Issue 2,239,217,584 15.8% Cooper Energy Cash Estimate A$1.3M Tino Guglielmo Debt Nil 10.0% Mark Lindh 52.0% Enterprise Value A$3.2M Tattersfield Group 9.6
Slide 4: Tangai-Sukananti – Simple, low cost & highly profitable
Tangai-Sukananti – Simple, low cost & highly profitable For personal use only Bass is the newest oil producer on the ASX and currently producing at or above 600 bopd (100% JV share) Bass hold a 55% interest in the Tangai-Sukananti production assets - located within the South Sumatra Basin, a pro
Slide 5: Strong Sustained Levels of Production
Strong Sustained Levels of Production For personal use only Field performing strongly with current oil Historical Quarterly Production (55% Basis) production consistently at or above ~600 40 barrels per day (100%) 35 Production for June quarter expected to be 30 June Forecast ~30,000bbl (100% JV
Slide 6: Tangai-Sukananti KSO: Prospects & Leads
Tangai-Sukananti KSO: Prospects & Leads For personal use only Significant field expansion opportunity identified at Bunian SW - planned future appraisal well TMB-6 Updip maturing Bunian-5 well – low risk development area with high flow-rate potential Bunian Field Tangai-5 – low risk developmen
Slide 7: Growth Through Strategic Acquisition
Growth Through Strategic Acquisition For personal use only Indicative Acquisition Scope: Preference for on-shore, underperforming production or near production assets Ideally located in South Sumatra region – synergies with Sukananti KSO Bass to leverage local Indonesia-based team – extensiv
Slide 8: Investment Case
Investment Case For personal use only Current production consistently at or in excess of 600 bopd (100% JV share) Strong Cash Flow Free cash flow generated from assets to cover all corporate overheads in Australia and Indonesia Generation Acquisition is self-funding - cash flow expected to pay
Slide 9: Contacts
Contacts For personal use only For further information, please do not hesitate to contact: BASS OIL LIMITED ADELAIDE EQUITY PARTNERS LIMITED 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 6
Slide 10: Back-Up Slides
For personal use only Back-Up Slides Investor Presentation • June 2017 10
Slide 11: Transaction Overview
Transaction Overview For personal use only Bass paid A$500K cash and issued 180 million shares to Cooper Energy in February 2017 upon transaction completion Staged deferred acquisition payments of A$2,270,000 cash over 12 months from 31 December 2017 Additional working capital items to be pass
Slide 12: Tangai-Sukananti KSO: History
Tangai-Sukananti KSO: History For personal use only Fields discovered in the 1990s: Tangai (1992), Sukananti (1996), Bunian (1998) Offered by tender in 2010 - Cooper Energy Pertamina CESL subsequently signed Sukananti KSO Bunian-1 online April 2011, Tangai-1 online June 2013 with production in
Slide 13: 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: Lion Energy (ASX:LIO) and IHSE (onshore oil & gas reserves shown
Slide 14: South Sumatra: Prolific Oil & Gas Province
South Sumatra: Prolific Oil & Gas Province For personal use only The Sukananti production asset is located in South Sumatra, a leading hydrocarbon province in the region Asia-Pacific onshore basins, ranked by discovered hydrocarbons Source: Lion Energy (ASX:LIO) and IHSE (onshore oil & gas reserves
Slide 15: Indonesia: Investment Rationale
Indonesia: Investment Rationale For personal use only Bass views Indonesia as an ideal place for investment in the current market Worlds fourth-largest population (~260 million) Fast-growing economy (GDP ~ 6%pa) Oil and gas demand growing at > 5%pa Declining conventional oil/gas supply Sup