Bass Oil Ltd · ASX:BAS
Bass Oil — Non-Deal Roadshow (December 2018)
14 slides from Bass Oil's roadshow presentation, Dec 4, 2018
Slide 1: Indonesia – The Land of Opportunity
ASX:BAS www.bassoil.com.au For personal use only Indonesia – The Land of Opportunity Non – Deal Roadshow December 2018
Slide 2: Forward Looking Statements
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 for or purchase any securities in the
Slide 3: Summary of Key Points
Summary of Key Points • Bass is currently producing oil at its Tangai-Sukananti KSO in South Sumatra For personal use only – Gross capacity ~850 bopd – 2 well near term development drilling plan • Bass has a growth strategy in place to expand its Indonesian portfolio consisting of: – Additional opti
Slide 4: Business Development Strategy: Build on existing business into world-class oil & gas basins in Indonesia
Business Development Strategy: Build on existing business into world-class oil & gas basins in Indonesia Sumatra is Indonesia’s most established hydrocarbon province; For personal use only an ideal platform for building a regional E&P business Discovered hydrocarbons in Indonesian provinces Source:
Slide 5: Qualification Star to evaluate pipeline of opportunities
Qualification Star to evaluate pipeline of opportunities (60 screened 5 shortlisted 2 HOAs) Execution Risk For personal use only Operator ability JV partners Regulatory Acquisition cost Petroleum System Work program Geology / Subsurface Commitments Hydrocarbon type Capital schedule Reservoir del
Slide 6: North Madura PSC signed HOA – Final DD in progress
North Madura PSC signed HOA – Final DD in progress Location: Northern Java in mature producing province Reog on proven trend, extensive infrastructure with capacity. Production 2017 (Woodmac): For personal use only Ujung Pangkah – 9100 bopd + 44 mmscfg/d; Bukit Tua – 17000 bopd + 33 mmscfg/d N Non-D
Slide 7: Growth Strategy: Leveraging local knowledge and relationships
Growth Strategy: Leveraging local knowledge and relationships For personal use only Bass is committed to expanding its Indonesian oil & gas portfolio Leveraging relationships with Indonesia-based teams given their extensive local experience and relationships Type 1: under-performing, stranded
Slide 8: Existing Asset – Tangai-Sukananti: Simple, low cost, profitable production
Existing Asset – Tangai-Sukananti: Simple, low cost, profitable production Bass is solely focused on Indonesia’s oil and gas For personal use only potential Holds a 55% JV interest as operator in the Tangai-Sukananti production assets in the South Sumatra Basin – current production capacity circ
Slide 9: UNPAD multi-disciplinary field study: Major study backs further prospectivity in asset
UNPAD multi-disciplinary field study: Major study backs further prospectivity in asset For personal use only Major prospectivity boost flagged in UNPAD study Results defined two near-field prospects targeting oil potential at multiple reservoir levels within the prolific Talang Akar formation
Slide 10: Investment Case: Delivering on growth opportunities
Investment Case: Delivering on growth opportunities For personal use only Strong Current production capacity circa 850 bopd (100% JV share) Production Acquisition generates strong cash flow with cost recovery mechanism Major prospectivity boost flagged in results from multi-disciplinary study
Slide 11: For further information, please do not hesitate to contact
For personal use only For further information, please do not hesitate to contact: BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 +61 407 336 668 www.bassoil.com.au Non-Deal Roadshow Presentation • December 2018 11
Slide 12: Additional Slides
For personal use only ADDITIONAL SLIDES 12
Slide 13: Bass Oil Limited – Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot Capital Structure Share Ownership Summary For personal use only Market Cap @0.4c (15-11-18) A$10.4m Shares On Issue 2,606,167,481 13.6 Cooper Energy Cash Estimate (30-Sep-18) US$0.73m 10.2 Tino Guglielmo Debt (Jun-18) Nil Tattersfield Group 63.4 8.9 Ma
Slide 14: Key Personnel bring focused experience to Bass Oil
Key Personnel bring focused experience to Bass Oil • Chairman - Peter Mullins: 40 year senior banking career experience in Australia and New York as key Commonwealth Bank For personal use only executive. Specialist in institutional and corporate finance across resources and energy sector, including