Bass Oil Ltd · ASX:BAS
Bass Oil — Spark Plus Metals and Mining Day (September 2021)
15 slides from Bass Oil's conference presentation, Sep 30, 2021
Slide 1: Spark Plus Metals and Mining Day – Investor Presentation
ASX:BAS www.bassoil.com.au For personal use only 30 September 2021 Spark Plus Metals and Mining Day – Investor Presentation
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 (“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 fo
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Bass has established a high-quality Indonesian portfolio that is producing free cash flow in the current oil price environment Bass has taken its initial step into the Cooper Basin, acquiring a portfolio of assets that encompass the producing Worrior oil f
Slide 4: Senior Management and Directors
SENIOR MANAGEMENT AND DIRECTORS Board of Directors Executive Management For personal use only Peter ◼ 40 year senior banking career experience in Giustino ◼ 40 year Australian and international executive Mullins Australia and New York as key Guglielmo petroleum engineering career Non Commonwealth Ba
Slide 5: Existing Indonesian Assets
EXISTING INDONESIAN ASSETS Bass holds a 55% operating interest in the For personal use only producing Tangai-Sukananti KSO in the oil rich South Sumatra Basin ▪ Experienced on-ground Indonesian team manages the operations ▪ Consistent production at the long-life KSO; License expiry in 2025 ▪ Product
Slide 6: Existing Asset Growth Potential
EXISTING ASSET GROWTH POTENTIAL The Indonesian assets allow for For personal use only continued growth through appraisal/development ▪ Low risk development potential to accelerate production in both Bunian and Tangai fields ▪ Field studies post drilling of successful Bunian 5 well suggest a field ex
Slide 7: The Cooper Basin
THE COOPER BASIN Bass is pursuing late-life producing assets with The Cooper Basin For personal use only optimisation potential, exposure to material exploration opportunities and Carbon Capture, Use and Storage Australia’s largest capability. on shore oil province ▪ Bass aims to build a Cooper Basi
Slide 8: The Cooper Basin
THE COOPER BASIN The Cooper Basin is a world class oil and gas For personal use only producing region spanning ~130,000 km2 across south-west QLD and north-east SA ▪ The region is Australia’s largest onshore hydrocarbon province ▪ New discoveries continue to be made in the region Annual 2019-2020 pr
Slide 9: Acquired Asset Summary
ACQUIRED ASSET SUMMARY Bass to acquire Cooper Energy’s interest in a For personal use only portfolio of low-cost Cooper Basin assets with significant growth upside, for A$650,000 ▪ PPL 207, Worrior Field (30%) provides proven production, a 10% Increase in Bass 2P reserves of 54,000 barrels & 2C cont
Slide 10: Acquired Asset Potential
ACQUIRED ASSET POTENTIAL PPL 207, Worrior Field (30% interest) a proven For personal use only producing asset ▪ Cumulative production of 4.09 MMbbl (JV share) ▪ Current production of ~40 bopd (JV share) ▪ Field production increase to >100 bopd (JV share) with JV approved zone change ▪ 0.18 MMbbl rem
Slide 11: Diverse Asset Base
DIVERSE ASSET BASE Bass holds quality assets in both Indonesia and Australia For personal use only ▪ The Company’s Cooper Basin acquisition provides Bass shareholders with a strong foothold in a region that has proven value ▪ Bass owns interests in a mix of producing assets along with sites that exh
Slide 12: Summary of Growth Strategy
SUMMARY OF GROWTH STRATEGY ▪ Strong oil price environment resulting in increased free cash flow For personal use only 1 Cash flow generation ▪ Utilising cash flows to optimise, appraise and develop existing assets to generate shareholder value ▪ Bass seeking to optimise existing wells to lift oil pr
Slide 13: Supplementary Information
For personal use only Supplementary Information
Slide 14: Bass Oil Limited Corporate Snapshot
BASS OIL LIMITED CORPORATE SNAPSHOT Capital Structure Trading History For personal use only 0.45 350 Share Price (27-Sep-21) A$0.0025 Market Capitalisation A$9.6m 0.4 300 Shares On Issue ~3.9b 0.35 Cash Estimate (27-Sep-21) ~US$0.7m 250 0.3 Debt (27-Sep-21) Nil Volume (Millions) 200 Share Price (cen
Slide 15: For further information, please contact
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 September 2021 15
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