Bass Oil Ltd · ASX:BAS
Bass Oil — Shareholder Meeting (May 2023)
10 slides from Bass Oil's shareholder meeting presentation, May 16, 2023
Slide 1: Investor Presentation
Investor Presentation ASX:BAS www.bassoil.com.au May 2023
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: This presentation has been prepared by Bass Oil Ltd (ASX:BAS) (“Bass” 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 purchas
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Strong revenue growth and net profit after tax in FY22 ensures Bass is well positioned to execute its growth strategy into 2023 Solid balance sheet with no debt and highly cash generative from producing oil assets Undertaking optimisation and efficient work programs aimed at ma
Slide 4: Recent Milestones and Next Steps
RECENT MILESTONES AND NEXT STEPS Cooper Basin has performed strongly since acquisition with other growth initiatives in the pipeline ✓ Cooper Basin oil production doubled from ~65 bopd at acquisition to over 130 bopd and 2P reserves increased from 200,000 barrels to 388,000 barrels of oil Attic oil
Slide 5: Cooper Basin Oil
COOPER BASIN OIL Worrior continues to generate free cash flow with significant upside, providing further capital for investment in Bass’ other growth projects ▪ Current production of over 130 bopd and 388,000 barrels of remaining 2P reserves¹ ▪ Taking advantage of sustained high oil prices to add ma
Slide 6: Indonesian Portfolio
INDONESIAN PORTFOLIO Bass maintains a 55% operating interest in the producing Tangai-Sukananti KSO in the oil rich South Sumatra Basin ▪ Experienced on-ground Indonesian team manage all operations ▪ Fields are performing as expected ▪ Bass forecast another two years of stable performance through to
Slide 7: Cooper Basin Gas Exploration Play
COOPER BASIN GAS EXPLORATION PLAY Northern Cooper Basin Permits combined (PEL 182, Ex PEL 100, Ex PEL 90k and Ex PEL 110) may host a new significant Triassic gas play ▪ Potential to transform Bass’ Australian operations materially and facilitate entry to the domestic gas market ▪ Bass will utilise t
Slide 8: Kiwi Gas | Commercialisation Strategy
KIWI GAS | COMMERCIALISATION STRATEGY Kiwi is central to Bass’ gas strategy and provides a clear pathway for entry to the gas market ▪ Ongoing work consists of three separate work packages, aimed at: ➢ Evaluation of the stratigraphic upside gas trapping potential ➢ Quantifying the minimum economic p
Slide 9: Bass Oil Corporate Snapshot
BASS OIL CORPORATE SNAPSHOT Capital Structure1 Operating Locations Share Price (8 May 23) A$0.11 Shares on Issue 267.9m Market Capitalisation A$29.5m Cash (31 Mar 23)¹ A$2.6m Debt (31 Mar 23) Nil Enterprise Value A$26.9m Share Price 1-Year Performance 0.24 250 0.2 200 Volume (millions) Share Price (
Slide 10: Bass Oil Limited
This presentation has been authorised for release by the Board of Bass Oil Limited For further information, please contact: BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au May 2023 10