Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — Shareholder Meeting (November 2017)
17 slides from Bounty Oil & Gas Nl's shareholder meeting presentation, Nov 29, 2017
Slide 1: Annual General Meeting CEO Presentation
Bounty Oil and Gas NL Annual General Meeting For personal use only November 29, 2017 CEO Presentation ASX Code: BUY Philip Kelso - CEO Pipe-laying Songo Songo Island
Slide 2: Disclaimer/Competent Person
Disclaimer/Competent Person For personal use only 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
Slide 3: 2016/17 Highlights
2016/17 Highlights For personal use only Corporate • Petroleum Revenue up to $2.7 million • Profit on operations $0.9 million (2016 $1.08 million loss) ex non cash impairments Production • Kiliwani North on full production for whole year • Surat Project PL’s – renewal and permitting almost complete
Slide 4: Projects
Projects For personal use only Leveraging current • Alton( PL2) - ~200,000 bbls in existing pools and attic production revenue into • Eluanbrook (PL 2) - ~200,000 bbls up dip from proven oil low risk development on • Downlands (Under Renewal) – Shut in gas and oil leg of sufficient volume to contain
Slide 5: What we are going to discuss
What we are going to discuss Production and Development • Alton - Recommence Production For personal use only PL 2 Alton • Alton – Appraise Attic Oil PL2C • Eluanbrook Updip Appraisal Well • Recommence Gas Production Downlands • Develop Oil Leg Growth • AC/P 32 AC/P 32 • Nyuni 5
Slide 6: Bounty Southern Surat Land
Bounty Southern Surat Land For personal use only 6
Slide 7: Alton PL2 Policy
Alton PL2 Policy For personal use only Bounty has in house management experience for onshore and offshore operations and highly skilled consultants . Bounty has operator status in Qld and WA and has acquired extensive land interests with proven oil. Sees control as paramount to contain costs and ens
Slide 8: Alton Oilfield Recommence Production - Targets
Alton Oilfield Recommence Production - Targets For personal use only • 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 western part of the field has small areas of possible unswept oil in the A and B sands and attic oil in t
Slide 9: Alton Oilfield D Sand Attic Appraisal Target
Alton Oilfield D Sand Attic Appraisal Target For personal use only • 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 a well developed attic in the D Sand with estimated 160,000 bbls recoverable oil • Thi
Slide 10: Eluanbrook Updip Appraisal
Eluanbrook Updip Appraisal For personal use only • Eluanbrook 1 intersected only poor reservoir above the OWC, but perforated across the OWC; on production the good porosity and high permeability sands produced, watering the well out. • 2008 semic has defined up dip drill location, success contingen
Slide 11: Eluanbrook (proposed)
Eluanbrook 2 (proposed) For personal use only • Proposed well to target ~190,000 bbls recoverable up dip from proven oil/hydrocarbons • Strong gas drive from this well should see good production rates if successful 11
Slide 12: Downlands Gas Field PL441
Downlands Gas Field PL441 For personal use only • Downlands was producing gas when it was shut in due to pipeline re-assignment • Production/compression facilities on care and maintenance • Production is likely in 2018 as a major requires gas. • Navigated a path to production in parallel with Native
Slide 13: Downlands Oil Leg
Downlands Oil Leg For personal use only • Proposed to re-open Downlands 3 as part of a program to re-develop the oil leg at Downlands which previous operator had estimated could contain as much as 300,000 bbls P50 recoverable oil. 13
Slide 14: Southern Surat Development Appraisal Target Summary
Southern Surat Q - Development Appraisal Target Summary 2P, 2C or P50 Resources bbls For personal use only Project Proven Contingent Prospective Notes Contingent on Workovers/ Alton 48* 168 Drilling Eluanbrook Updip 186 Contingent on Reservoir Mardi Boxvale 210 Exploration Prospect Downlands Oil 340
Slide 15: AC/P Timor Sea - Azalea Prospect Overview
AC/P 32 Timor Sea - Azalea Prospect Overview - Main Points Bounty has successfully delineated and de-risked the Azalea Prospect , ready for farmout For personal use only Azalea contains potential 500 million barrels of oil (MMbo) in place in the Puffin Sand reservoir up dip from proven oil in the we
Slide 16: Summary
Summary For personal use only Oil revenue to be leveraged into low risk development and appraisal opportunities, targeting ~1,000,000 bbl Contingent Resources Pursuing 100 – 200 Mmbo recoverable oil play at Azalea Prospect (AC/P 32) Ongoing exploration of 1-2 TCF targets adjacent to new gas infrastr
Slide 17: ASX Listing Rules - Chapter Reserves and Resources
ASX Listing Rules – Chapter 5 Reserves and Resources ASX LISTING RULES 5.25 – 5.45 For personal use only • 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)
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