Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — NWR Near Term Producers Presentation (March 2022)
18 slides from Bounty Oil & Gas Nl's conference presentation, Mar 31, 2022
Slide 1: NWR Near Term Producers Presentation
BOUNTY Oil & Gas NL ASX:BUY NWR Near Term Producers Presentation | March 30, 2022
Slide 2: Disclaimer / Competent Person
Disclaimer / Competent Person 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 variables which coul
Slide 3: Corporate & Team
Corporate & Team Capital Structure Directors & Management GRAHAM REVELEIGH PHILIP F KELSO 1.3b $3m Non-Executive Chairman Chief Executive Officer Shares on Issue Cash and Assets CHARLES ROSS KANE MARSHALL Non-Executive Director Chief Operating Officer $0.012 $16.4m ROY PAYNE SACHIN SARAF Share price
Slide 4: The Plan 2022 – Upside Production
The Plan 2022 Upside Production Cerberus seismic reprocessing, analysis and maturing drilling targets of Focus on controlled lands minimum best case size 100 mmbbls Cerberus drilling should Excellent array of relatively advance in 2022 low risk targets Evaluate significant growth opportunities inclu
Slide 5: Oil and Gas Facts – Relevance to Australia
Oil and Gas Facts – Relevance to Australia Mining industry reliance on oil and gas Share of World oil supply Australia’s reliance on oil and gas for Australian petroleum liquids production energy (millions of barrels) 12
Slide 6: Relevance of Current Commodity Market Cycle
Relevance of Current Commodity Market Cycle Annual exploration well activity and expenditure • Oil prices have surged to 14 year highs above $100 per barrel in recent weeks as Russia's invasion of Ukraine prompted fears of supply disruptions and reliance on OPEC to fill the void • Global spare capac
Slide 7: Flow on Effects to Australia
Flow on Effects to Australia • Global stocks of diesel and other middle distillates have fallen to the lowest seasonal levels since 2008, when similar shortages of these transport and industrial fuels helped to propel oil prices to a record high – high risk of further oil spikes • Consumption is per
Slide 8: Bounty – Current Production (Naccowlah 2%)
Bounty – Current Production (Naccowlah 2%) • Petroleum revenue (mainly crude oil) for the half year to 31 December 2021 was $0.82 million on sales of 7,254 barrels of crude oil • Petroleum revenue for 12-month calendar year to 31 December 2021 was: $1.59 million • Bounty expects to increase its oil
Slide 9: Bounty – Current Production (cont’d)
Bounty – Current Production (cont’d) • Bounty has approved the budget for the Cooroo Northwest Development well in PL36 in Southwest Queensland proposed by Operator Santos Limited to be drilled in second half 2022 • Further near field exploration well planned later in 2022 • With a stronger US dolla
Slide 10: Bounty Portfolio Opportunities: Alton/Downlands Surat Basin Position
Bounty Portfolio Opportunities Alton/Downlands Surat Basin Position STRICTLY PRIVATE & CONFIDENTIAL 12
Slide 11: Alton Oilfield - Recommence Production (100%)
Alton Oilfield - Recommence Production (100%) • 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 unsweptas of possible oil in the A and B sands and attic oil in the D sandwestern part of the field has small are • Material vol
Slide 12: Alton Oilfield D Sand Attic Appraisal Target
Alton Oilfield D Sand Attic Appraisal Target • 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 material amounts of contingent resource to be disclosed to the mar
Slide 13: Downlands Gas Field PL441
Downlands Gas Field PL441 • Downlands was producing gas when it was shut in due to pipeline re-assignment • Production/compression facilities on care and maintenance • Production in 2022 is being investigated, more so the development of the oil leg STRICTLY PRIVATE & CONFIDENTIAL 12
Slide 14: Downlands Oil Leg
Downlands Oil Leg 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 several hundred thousands barrels of oil, an estimate of which will be disclosed to the market shortly STRICTLY PRIVATE & CONFIDENTIAL 12
Slide 15: Bounty Portfolio Opportunities: Cerberus Blue Sky Opportunity
Bounty Portfolio Opportunities Cerberus Blue Sky Opportunity STRICTLY PRIVATE & CONFIDENTIAL 12
Slide 16: Bounty Portfolio Opportunities – Carnarvon Basin Stork Cluster
Bounty Portfolio Opportunities – Carnarvon Basin Stork Cluster • Pavo-1 discovery in Bedout Sub-Basin directly analogous to drilling targets from Amos/Stork cluster within Cerberus; • Pavo-1 success de- risks vertical and lateral seal of prospects proximal to basin edge, a direct analogue to Cerberu
Slide 17: Bounty – A Compelling Investment Case (ASX.BUY)
Bounty – A Compelling Investment Case (ASX.BUY) • Current onshore producer with cash on hand of $3 million AUD • Plans to expand production to take advantage of buoyant macroeconomics conditions • Strategy of domestic oil and gas development that can be funded organically • Further news on Surat Bas
Slide 18: ASX Listing Rules – ASX Chapter 5 Reserves and Resources
ASX Listing Rules – ASX Chapter 5 Reserves and Resources ASX LISTING RULES 5.25 – 5.45 • 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). Bounty is compli
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