Bengal Energy Ltd. · TSX:BNG
Bengal Energy — QEC Investment Showcase 2023
9 slides from Bengal Energy's conference presentation, May 2, 2023
Slide 1: Investment Opportunity: Bengal Energy Ltd – Cooper Basin
INVESTMENT OPPORTUNITY BENGAL ENERGY LTD – COOPER BASIN QEC INVESTMENT SHOWCASE, MAY 2023
Slide 2: Forward-Looking Statements, Cautionary Statements and Oil & Gas Advisories
Forward-Looking Statements, Cautionary Statements and Oil & Gas Advisories Certain information regarding Bengal Energy Ltd. ("Bengal" or the "Company") set forth in this document contains forward-looking statements or financial outlooks (collectively, "forward-looking statements") under applicable s
Slide 3: Who We Are
WHO WE ARE Bengal Energy is a TSX-listed oil and gas company with existing high-impact projects in Australia’s Cooper Basin. • Innovative explorer with producing and prospective light-oil assets with natural gas development assets. • Nimble remote operations specialist. • Leading-edge technologies t
Slide 4: Current Acreage Position: Queensland's Cooper Basin
CURRENT ACREAGE POSITION Queensland’s Cooper Basin CUISINIER – 30% • PL 303, PL 1028, PCA 206 & PCA 207 WINDORAH TROUGH FIELDS – 100% • Karnak – Permian gas Wareena – Coonaberry Pipeline (100% Bengal owned) • Ramses – Permian gas and Jurassic oil • Ghina – Permian gas • Wareena – Permian gas (produc
Slide 5: Existing Development and Exploration: Windorah Trough – Gas Opportunity
EXISTING DEVELOPMENT AND EXPLORATION Windorah Trough – Gas Opportunity 1. PL DEVELOPMENT (WAREENA, RAMSES, GHINA, KARNAK) • Low risk discovered opportunities • $5 million capital at >100% IRR • Immediate tie in & commercialization 2. HIGH GRADE EXPLORATION ATP 934 • Resource: 19Bcf contingent; 25Bcf
Slide 6: Existing Development and Exploration: Tookoonooka – Oil Opportunity
EXISTING DEVELOPMENT AND EXPLORATION Tookoonooka – Oil Opportunity 1. CARACAL-1 • DISCOVERY WELL o Presence of oil (52 API) de-risks future targets • Existing offtake agreement with IOR (50km along sealed roads) • Appraisal wells to address deeper reservoirs and satellite structures 2. DE-RISKED EXP
Slide 7: Tigris Oil Opportunity
TIGRIS OIL OPPORTUNITY TIGRIS (from the scientific name for tiger, “Panthera tigris”) • Tigris 1 will be drilled in a location capable of testing multiple reservoirs in a near-crestal • Primary targets: Wyandra Sst, Birkhead Fm, and Hutton Sst (all oil) • Secondary targets: Murta Fm (oil), Adori Sst
Slide 8: How Do We Achieve Our Goals?
HOW DO WE ACHIEVE OUR GOALS? Partnership with Local Service Providers • Ago Vires: Construction, operations and maintenance • Fyfe: Facilities Engineering • InGauge: Well engineering and services Trust and Respect • Four supportive landholders across all operated assets • Very close relationships wi
Slide 9: Thank You
THANK YOU Contact us for more information www.bengalenergy.ca mnisbet@bengalenergy.ca | keberspaecher@bengalenergy.ca