Bass Oil Ltd · ASX:BAS
Bass Oil — Investor Presentation (April 2017)
16 slides from Bass Oil's investor presentation, Apr 26, 2017
Slide 1: Building a South-East Asia Focussed Production Company
For personal use only Building a South-East Asia Focussed Production Company Investor Presentation April 2017 1
Slide 2: Disclaimer
Disclaimer 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 Company, or as
Slide 3: Bass Oil Limited (ASX:BAS) – Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot For personal use only Capital Structure Share Ownership Summary Market Cap @0.2c A$4.5M Cash Estimate A$1.3M 15.8% Cooper Energy Debt Nil Tino Guglielmo Enterprise Value A$3.2M 10.0% Mark Lindh 52.0% Options On Issue @0.3c 386,103,275 Tattersfield Grou
Slide 4: Oil Production in Indonesia
Oil Production in Indonesia For personal use only • Bass holds a 55% interest in the Tangai-Sukananti production assets located in South Sumatra, Indonesia • The Company is the newest oil producer on the ASX with current production in excess of 600 bopd (100% JV share) in a prolific oil and gas regi
Slide 5: Tangai-Sukananti Production Assets
Tangai-Sukananti Production Assets For personal use only Bass holds a 55% interest in the Tangai-Sukananti production assets - located in the South Sumatra Basin, a prolific Indonesian oil and gas region Experienced team managing proven operations with substantial low-cost and low-risk developme
Slide 6: Tangai-Sukananti KSO: History
Tangai-Sukananti KSO: History For personal use only Fields discovered in the 1990s: Tangai (1992), Sukananti (1996), Bunian (1998) Offered by tender in 2010 - Cooper Energy Pertamina CESL subsequently signed Sukananti KSO Bunian-1 online April 2011, Tangai-1 online June 2013 with production in
Slide 7: Strong Sustained Levels of Production
Strong Sustained Levels of Production For personal use only Field performing strongly with current oil production of ~600 barrels per day (100%) Production during recent March quarter was impacted by a shutdown of Bunian-3 well for a scheduled bottom hole pressure survey Indonesian-based team
Slide 8: Tangai-Sukananti KSO: Prospects & Leads
Tangai-Sukananti KSO: Prospects & Leads For personal use only Multiple low cost opportunities – expected 20% IRR on development wells in South Sumatra Three un-drilled structures identified (Updip Sukananti, Updip TMB-6 and Updip Kupang) Prospective resources remain in Bunian and Sukananti Fie
Slide 9: Transaction Overview
Transaction Overview For personal use only Bass paid A$500K cash and issued 180 million shares to Cooper Energy in February 2017 upon transaction completion Staged deferred acquisition payments of A$2,270,000 cash over 12 months from 31 December 2017 Additional working capital items to be pass
Slide 10: Simple, Low Cost, Effective Processing Facilities
Simple, Low Cost, Effective Processing Facilities For personal use only Bunian Central Production Facility Tangai Extended Production Test Bass Executive Director (Tino Guglielmo) with field based staff and Act. General Manager(Andi L.L Hakim) Talang Jimur Transfer Station Investor Presentation • Ap
Slide 11: Investment Case
Investment Case For personal use only Current production in excess of 600 bopd (100% JV share) Free cash flow generated from assets to cover all corporate overheads in Australia and Strong Cash Flow Indonesia Generation Acquisition is self-funding - cash flow expected to pay all deferred acqui
Slide 12: Contacts
Contacts For personal use only For further information, please do not hesitate to contact: BASS OIL LIMITED ADELAIDE EQUITY PARTNERS LIMITED Tino Guglielmo Christian Calabrese tino.guglielmo@bassoil.com.au ccalabrese@adelaideequity.com.au +61 3 9927 3000 +61 8 8232 8800 +61 407 336 668 +61 431 877 6
Slide 13: Back-Up Slides
For personal use only Back-Up Slides Investor Presentation • April 2017 13
Slide 14: Indonesia: Investment Rationale
Indonesia: Investment Rationale For personal use only Bass views Indonesia as an ideal place for investment in the current market Worlds fourth-largest population (~260 million) Fast-growing economy (GDP ~ 6%pa) Oil and gas demand growing at > 5%pa Declining conventional oil/gas supply Sup
Slide 15: Indonesia: World Class Oil & Gas Basins
Indonesia: World Class Oil & Gas Basins For personal use only Sumatra is Indonesia’s most established hydrocarbon province – ideal platform for building a regional business Discovered hydrocarbons in Indonesia onshore provinces Source: Lion Energy (ASX:LIO) and IHSE (onshore oil & gas reserves shown
Slide 16: South Sumatra: Prolific Oil & Gas Province
South Sumatra: Prolific Oil & Gas Province For personal use only The Sukananti production asset is located in South Sumatra, a leading hydrocarbon province in the region Asia-Pacific onshore basins, ranked by discovered hydrocarbons Source: Lion Energy (ASX:LIO) and IHSE (onshore oil & gas reserves