Bass Oil Ltd · ASX:BAS
Bass Oil — Investor Presentation (June 2022)
13 slides from Bass Oil's investor presentation, Jun 29, 2022
Slide 1: Building a High-Margin Cooper Basin Oil Business with High-Impact Gas Upside
For personal use only Building a High-Margin Cooper Basin Oil Business with High-Impact Gas Upside Cooper Basin Development Strategy ASX:BAS www.bassoil.com.au June 2022
Slide 2: Disclaimers and Important Notices
DISCLAIMERS AND IMPORTANT NOTICES Forward Looking Statements: For personal use only 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 su
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Bass to acquire a producing and earnings accretive portfolio of Cooper Basin interests from For personal use only Beach Energy and Cooper Energy The Transaction offers Bass a 100% interest in two producing oilfields and an undeveloped gas field as well as a high-equity interest
Slide 4: Bass Oil Limited Corporate Snapshot
BASS OIL LIMITED CORPORATE SNAPSHOT Capital Structure1 Operating Locations For personal use only Share Price (24 June 2022) A$0.040 Shares on Issue 178.6m Market Capitalisation A$7.1m Cash (31-Mar-22)* A$2.5m Debt (31-Mar-22) Nil Enterprise Value A$5.6M Share Ownership Summary Board and Management,
Slide 5: Cooper Basin Transactions
COOPER BASIN TRANSACTIONS Bass has executed Sales and Purchase Agreements with Cooper Energy and Beach Energy to acquire a portfolio of For personal use only interests in the Cooper Basin § Bass acquiring interest in eight Cooper Basin tenements for A$1.3 million and assumption of future restoration
Slide 6: Cooper Basin Oil Production Enhancement
COOPER BASIN OIL PRODUCTION ENHANCEMENT PPL 207, Worrior Field (100% interest) provides proven oil production with Worrior (McKinlay) - Depth Structure significant upside: For personal use only § Bass to be operator and 100% interest holder post transaction completion § Current production of ~45 bop
Slide 7: Near-Term Cashflow Generation Potential
NEAR-TERM CASHFLOW GENERATION POTENTIAL Worrior Production Enhancement1 Worrior Production Enhancement Strategy: For personal use only 16 1. Implementation of an optimisation program in existing wells and facilities, targeting 50-100% production uplift (vs current) 14 2. The Company will immediately
Slide 8: Kiwi Gas Commercialisation Strategy
KIWI GAS COMMERCIALISATION STRATEGY Bass is planning a feasibility study to test the commercialisation potential of the Kiwi Gas Discovery: For personal use only § Kiwi-1 was drilled in 2003 as an exploration well which resulted in a Callamura Member gas discovery with a flow test of 9.6 MMscf/d § A
Slide 9: Gas Exploration Strategy
GAS EXPLORATION STRATEGY PEL 182 and ex PEL 100 offers oil and gas exploration potential in the Patchawarra trough: For personal use only § A previous operator performed a detailed prospectivity review identifying numerous oil and gas leads for further evaluation § The area shows significant potenti
Slide 10: Indonesian Portfolio
INDONESIAN PORTFOLIO Bass maintains a 55% operating interest in the producing Tangai-Sukananti KSO in the oil rich South Sumatra Basin For personal use only § Experienced on-ground Indonesian team manage all operations – 5.5 million safe man hours of work without a single lost-time injury § Consiste
Slide 11: Diverse Asset Base
DIVERSE ASSET BASE Bass will hold quality assets in both Indonesia and Australia For personal use only § Completing the Cooper Energy and Beach Energy transactions will provide Bass shareholders with a strong foothold in a proven hydrocarbon province, owning a mix of producing assets with upside alo
Slide 12: Senior Management and Directors
SENIOR MANAGEMENT AND DIRECTORS Board of Directors Executive Management For personal use only Peter Mullins Hector Gordon Mark Lindh Giustino Guglielmo Andri Luthfi Non-Executive Chairman Non-Executive Director Non-Executive Director Managing Director General Manager – Indonesia n 40+ years of senio
Slide 13: Contact
This presentation has been authorised for release by the Board of Bass Oil Limited For further information, please contact: For personal use only BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au June 2022 13