Bass Oil Ltd · ASX:BAS
Bass Oil — Investor Presentation (March 2017)
16 slides from Bass Oil's investor presentation, Mar 22, 2017
Slide 1: Emerging Oil Producer in South East Asia
For personal use only Emerging Oil Producer in South East Asia Investor Presentation March 2017
Slide 2: Acquisition of Indonesian Production Assets Complete
Acquisition of Indonesian Production Assets Complete For personal use only Bass has successfully completed its acquisition of Cooper Energy’s 55% interest in the Tangai-Sukananti production assets located in South Sumatra, Indonesia which: • Immediately transforms Bass into an oil producer (asset’s
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$1.2M 15.8% Cooper Energy Debt Nil Tino Guglielmo Enterprise Value A$3.3M 10.0% Mark Lindh 52.0% Options On Issue @0.3c 386,103,275 Tattersfield Grou
Slide 4: Investment Case
Investment Case For personal use only Free cash flow generated will significantly contribute to payment of deferred acquisition costs Strong Project Current production capacity in excess of 700 bopd (100% JV share) Economics Bass is site operator and manages the existing Jakarta based team – a
Slide 5: Indonesia: Investment Rationale
Indonesia: Investment Rationale For personal use only BAS views Indonesia as an ideal place for investment in the current market Worlds fourth-largest population (~250 million) Fast-growing economy (GDP ~ 6%pa) Oil and gas demand growing at > 5%pa Declining conventional oil/gas supply Supp
Slide 6: 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: IHSE (onshore oil & gas reserves shown only) Investor Presentati
Slide 7: 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: IHSE Investor Presentation • March 2017 7
Slide 8: Tangai-Sukananti Production Assets
Tangai-Sukananti Production Assets For personal use only Bass holds a 55% interest in the Tangai-Sukananti production asset - 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 developmen
Slide 9: 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 Cooper subsequently signed Sukananti KSO Bunian-1 online April 2011, Tangai-1 online June 2013 with production
Slide 10: Strong Sustained Levels of Production
Strong Sustained Levels of Production 33% production uplift in December 2016 quarter compared to previous quarter For personal use only Field performing strongly with current oil production capacity of ~700 barrels per day (100%) Recent production increases can be attributed to successful prod
Slide 11: 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 12: Transaction Overview
Transaction Overview For personal use only Staged deferred acquisition payments of A$2,270,000 cash over 12 months from 31 December 2017 Additional working capital items to be passed through as collected Bass accrued US$668,000 in cash from operations from October 2016 to February 2017 – paid
Slide 13: 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 • Ma
Slide 14: Growth Aspirations
Growth Aspirations For personal use only SE Asia region (especially Indonesia) currently providing numerous low-cost, onshore production opportunities Strategy to collate a significant package of (mostly) privately-held asset interests into a consolidated entity Bass to leverage existing Jakar
Slide 15: 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 16: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Bass Strait Oil Company 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