Bass Oil Ltd · ASX:BAS
Bass Oil — Shareholder Meeting (July 2020)
9 slides from Bass Oil's shareholder meeting presentation, Jul 30, 2020
Slide 1: Oil production in Indonesia with substantial regional potential
ASX:BAS www.bassoil.com.au Oil production in Indonesia with substantial regional potential
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: 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 secu
Slide 3: Bass Oil Limited (ASX:BAS): Corporate Snapshot
BASS OIL LIMITED (ASX:BAS): CORPORATE SNAPSHOT Capital Structure Share Ownership Summary Market Cap @ 0.15c (27-Jul-20) A$5.01 m Cooper Energy 11% Shares On Issue 3.342 m 9% Tino Guglielmo Cash Estimate (1-Jul-20) ~US$0.4M 5% Tattersfield Group 72% 3% Debt (1-Jul -20) Nil Mark Lindh Enterprise Value
Slide 4: Existing Asset: Low Cost, Profitable Production
EXISTING ASSET: LOW COST, PROFITABLE PRODUCTION Bass holds a 55% JV interest in and Operates the producing Tangai-Sukananti KSO in the oil rich South Sumatra Basin Experienced on-ground Indonesian team manages the operations Consistent production at the long-life KSO; License expiry in 2025
Slide 5: 2020 – The Challenging First Six Months (Unaudited)
2020 – THE CHALLENGING FIRST SIX MONTHS (UNAUDITED) Market conditions • Wild swings in global oil prices • Brent crude ranged from high of US$69.02 to low of US$19.33 • Oversupply in numerous jurisdictions as COVID-led consumer demand crashed • Geopolitical tensions between world majors at highest i
Slide 6: Our Forward Momentum
OUR FORWARD MOMENTUM From 1 July 2020: • Bass remains debt free • Indonesian production steady and costs reduced • Depressed market favours our acquisition strategy • Primary focus remains Indonesia • Genuine value-add opportunities elsewhere will also be assessed Annual General Meeting • 30 July 20
Slide 7: Why Invest in Bass Oil?
WHY INVEST IN BASS OIL? Stable reliable production Stable Low operating cost (~US$20/bbl) Production High proportion of Proved Reserves increases certainty of production profile and company value Debt free and no significant financial commitments Bunian field to drive low risk production g
Slide 8: Senior Management and Directors
SENIOR MANAGEMENT AND DIRECTORS Board of Directors Executive Management Peter Mullins 40 year senior banking career experience in Giustino 38 year Australian and international executive Non Australia and New York as key Commonwealth Guglielmo petroleum engineering career, Executive Bank executiv
Slide 9: For further information, please do not hesitate to contact
For further information, please do not hesitate to contact: BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au Annual General Meeting • 30 July 2020 9