Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Good Oil Conference 2010
16 slides from Bass Oil's conference presentation, Sep 8, 2010
Slide 1: Good Oil Conference - September 2010
For personal use only Good Oil Conference - September 2010
Slide 2: Bass Strait Oil Company Ltd – Permit Interests
BASS STRAIT OIL COMPANY LTD – PERMIT INTERESTS For personal use only TOTAL ACREAGE ca 14,000 sq km IN THREE PRODUCTIVE BASINS Gippsland Basin VIC/P41 – 45% operator VIC/P42 – 100% operator VIC/P47 – 40% operator VIC/P66 – 60% operator Bass Basin T/42P & T/43P – 100% operator Otway Basin PEP167 – 50%
Slide 3: Directors and Management
DIRECTORS AND MANAGEMENT For personal use only ¾ John McInnes OAM, Chairman – BComm, FCA, chartered accountant and company director ¾ Andrew Adams, Managing Director – BSc, MBA, former Amoco Canada and Santos executive, member of APPEA Exploration Committee ¾ Dr Henry Askin, Director – former Shell
Slide 4: Corporate Information
CORPORATE INFORMATION For personal use only – ASX code: BAS – 291,030,250 ordinary shares – Total shareholders approximately 2,300 – Top 50 shareholders hold 58% – Albers Group interests 24% – 2.1 million unlisted employee options – Cash on hand approximately $3.5 million – Market capitalisation app
Slide 5: Bass Strait Oil Company Ltd – Permit Interests
BASS STRAIT OIL COMPANY LTD – PERMIT INTERESTS For personal use only TOTAL ACREAGE ca 14,000 sq km IN THREE PRODUCTIVE BASINS Gippsland Basin VIC/P41 – 45% operator VIC/P42 – 100% operator VIC/P47 – 40% operator VIC/P66 – 60% operator Bass Basin T/42P & T/43P – 100% operator Otway Basin PEP167 – 50%
Slide 6: Onshore Otway Basin – BAS Acreage
ONSHORE OTWAY BASIN – BAS ACREAGE For personal use only • PEP 167 contains Windermere-1 oil discovery, PEP150 contains Lindon oil discovery (permit pending native title) • Area offers excellent access and infrastructure indicating good economics for oil development • $2 million farmout to Interra Re
Slide 7: Windermere Oil Project
WINDERMERE OIL PROJECT Windermere-1: For personal use only ¾drilled in 1987 ¾recovered 32 bbls oils ¾likely wellbore damage • Technical review indicates good potential for commercial flow rates • 41 sq km of 3D seismic successfully completed April 2010 • Interpretation and mapping now underway • Fol
Slide 8: Preliminary Windermere Map from 3D
PRELIMINARY WINDERMERE MAP FROM 3D For personal use only • Preliminary mapping at Windermere-1 shows closure at oil reservoir level • Anticipate mapping will be completed in 4th quarter • Possible drilling next year pending seismic results
Slide 9: Windermere Economics
WINDERMERE ECONOMICS Anticipate robust economics based on: For personal use only ¾ Relatively shallow reservoir (approx 1800m) ¾ Sealed highway to Geelong refinery ¾ All-weather road access and gentle terrain ¾ Local infrastructure and support
Slide 10: BAS - Gippsland Basin Acreage
BAS - GIPPSLAND BASIN ACREAGE For personal use only
Slide 11: VIC/P47: Offshore Gippsland Basin
VIC/P47: OFFSHORE GIPPSLAND BASIN For personal use only •Continuing farmout interest •Existing gas discoveries at Judith and Moby with nearby infrastructure •Longtom gas field (Nexus) now on production is analogue for Judith - both Emperor Sub Group reservoirs •Patricia Baleen (Santos) is analogue f
Slide 12: VIC/P41: Prospects and Leads
VIC/P41: PROSPECTS AND LEADS For personal use only 3D-defined, high-impact prospects Kipling, analogous to Kipper field P50: 124 MMbbls +620 Bcf Benchley, GB and Halibut targets P50: 184 MMbbls + 1.4 Tcf Oscar, analogous to Basker/Manta P50 combined total - 40 MMbbls Oscar 3D (Unrisked, 100% volum
Slide 13: VIC/P42: Prospects & Leads
VIC/P42: PROSPECTS & LEADS For personal use only Renewal complete - BAS 100% and operator Zane Grey and Omeo discoveries Renewal area fully covered by 3D seismic Seismic data sets to be reprocessed
Slide 14: Bass Basin Acreage – BAS 100% and operator
BASS BASIN ACREAGE – BAS 100% and operator For personal use only T/42P & T/43P - total 6,120 sq km Under explored Durroon Sub basin play New 2D seismic and basin modelling show large prospects plus hydrocarbon ‘kitchens’ Favourably located - infra structure and growth markets, in water depth
Slide 15: Clear Exploration Focus on Southeast Australia
Clear Exploration Focus BASS STRAIT on Southeast Australia (0) @ Strong permit position; bh excellent leverage to high-impact discovery potential. Oil for Australians @ Coherent, focussed portfolio across three productive basins. Tn a tua, @ Offshore drilling & seismic operations experience since 20
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