Bass Oil Ltd · ASX:BAS
Bass Oil — Proactive CEO Sessions March 2019
17 slides from Bass Oil's conference presentation, Mar 11, 2019
Slide 1: Growth and Opportunity in Indonesia
ASX:BAS www.bassoil.com.au For personal use only Image: Bass’ Tangai Sukananti KSO operations team members based in Jakarta Growth and Opportunity in Indonesia March 2019
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: Growth, Impact and Opportunity in Indonesia
Growth; Impact and Opportunity in Indonesia For personal use only Bass has increased its Proved Reserves by 76% in 2018 Bass posted record production of 850 barrels of oil per day (bopd) in October 2018 with current capacity at ~700 bopd In 2019, Bass aims to double production via its development pr
Slide 4: Existing Asset: Simple, low cost, profitable production
Existing Asset: Simple, low cost, profitable production For personal use only • Bass holds a 55% JV interest in and Operates the producing Tangai-Sukananti KSO in the South Sumatra Basin • Experienced on-ground Indonesian team manages field operations • A robust record of delivery • Consistent produ
Slide 5: Major study backs further prospectivity, development drilling commencing at Bunian 5
Major study backs further prospectivity in asset, with development drilling program commencing at Bunian 5 Prop. Prop. Prop. Bunian Sukananti Bunian 6 Proposed Oil West Updip Bunian 5 For personal use only Gas Sukananti Bunian- Bunian-1 Bunian-2 Prospect -1 3ST2 Oil Prospective Oil Gas Shale Carbona
Slide 6: Business Development - building a diversified portfolio
Business Development - building a diversified portfolio of exploration, development and producing assets For personal use only Company • Material, company-changing acquisition of producing asset(s) Transforming (Type 1) • Actively screening deals Strategic Growth Material Growth • Measured exposure
Slide 7: Indonesia hydrocarbon basins are world-class with extensive infrastructure
Indonesia hydrocarbon basins are world-class with extensive infrastructure in place Kalimantan For personal use only 0.52 14.63 Sulawesi / East Indonesia 0.15 41.69 Sumatra 4.83 34.51 Java 1.78 9.07 2015 Oil and Gas Reserves (Proved and Potential) = Billion Barrels of Oil = Trillion Cubic Feet (Gas)
Slide 8: Large Discoveries being made now
Large Discoveries being made now Significant Repsol Discovery in Bass’ Hunting Ground Repsol For personal use only Discovery In February 2019, Repsol, and JV partners Petronas and Moeco, announced the largest gas discovery in Indonesia in 18 years • Estimated to hold 2 Tcf (trillion cubic feet) of r
Slide 9: Leveraging local knowledge and relationships
Leveraging local knowledge and relationships For personal use only Bass management and technical teams are experts in local geology and reservoir characterisation, enabling: • Improving oil recovery (IOR) via application of current and future technologies • Identification of under-performing, strand
Slide 10: Improving Oil Recovery (IOR) - Abundant opportunity for increased recovery
Improving Oil Recovery (IOR) – Abundant opportunity for increased recovery • Billions of barrels of unrecovered oil in Discovered Oil Distribution : For personal use only Indonesia can potentially be exploited using currently available IOR technologies on mature fields Remaining Reserves: ~5% • The
Slide 11: Process to evaluate pipeline of opportunities
Process to evaluate pipeline of opportunities 60 screened 5 shortlisted 2 Agreements For personal use only Execution Risk Operator ability Petroleum System JV partners Geology / Subsurface Regulatory Hydrocarbon type Reservoir deliverability Acquisition cost Work program Commitments Capital sche
Slide 12: Why Invest in Bass Oil?
Why Invest in Bass Oil? For personal use only Production growth Strong Low operating cost (<$25/bbl) Production Increased Proved Reserves increases certainty of production profile Aiming to double production during 2019 with drilling commencing at Bunian 5 mid-year Growth and Business Deve
Slide 13: For further information, please contact
For personal use only For further information, please do not hesitate to contact: BASS OIL LIMITED BASS OIL LIMITED Tino Guglielmo – Managing Director Krista Walter – Strategy and Investor Relations tino.guglielmo@bassoil.com.au krista.walter@bassoil.com.au +61 3 9927 3000 +61 3 9927 3000 www.bassoi
Slide 14: Appendix
For personal use only Appendix ADDITIONAL SLIDES 14
Slide 15: Bass Oil Limited - Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot Capital Structure Share Ownership Summary For personal use only Market Cap @0.3c (11-02-19) A$7.8M Shares On Issue 2,606,167,481 13.6 Cooper Energy Cash Estimate (31-Dec-18) US$0.854M 10.2 Tino Guglielmo Debt (31-Dec-18) US$0.896M Tattersfield Group 63
Slide 16: 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
Slide 17: A 76% increase in Net Attributable 1P Reserves
A 76% increase in Net Attributable 1P Reserves For personal use only Reserves & Resources as at 31 December, 2018 100% Field Reserves (MMbbl) Category 1P - Proved 2P - Proved & Probable Developed & Undeveloped 1.777 2.019 BAS Net Entitlement Reserves (MMbbl) Category 1P - Proved 2P - Proved & Probab