Bounty Oil & Gas Nl · ASX:BUY
Bounty Oil & Gas Nl — 20:20 Investor Series Energy Day 2009
27 slides from Bounty Oil & Gas Nl's conference presentation, Aug 21, 2009
Slide 1: ASX/Media Release: CEO Presentation Sydney
For personal use only 21 August 2009 ASX/MEDIA RELEASE CEO Presentation – Sydney 21st August 2009 Attached is a replacement for the Presentation given today at the 20:20 Investor Series Energy Day Conference in Sydney by Bounty Oil & Gas NL; CEO Mr Philip Kelso. The copy released to ASX earlier toda
Slide 2: Building BUY for the benefit of all stakeholders
For personal use only www.bounty.com.au 1 Building BUY for the benefit of all stakeholders
Slide 3: 20:20 Investor Series Energy Day
For personal use only 20:20 INVESTOR SERIES ENERGY DAY 21 August 2009, Sydney Presentation by Bounty Oil & Gas NL Philip F Kelso – CEO
Slide 4: Project Locations
For personal use only PROJECT LOCATIONS Production, Development and NFE Projects Oil – Utopia and Surat (Core) Gas – Nyuni Tanzania (Growth) Medium Risk Exploration Projects Oil – PEL 218 (Core) Oil & Gas – EP 412 & 435 (Core) High Impact Exploration Gas – PEP 11, Nyuni Tanzania (Growth) Oil & Gas –
Slide 5: Take Home Message
For personal use only TAKE HOME MESSAGE • Bounty’ s has built an impressive portfolio of Growth and Core Assets and is positioned to deliver value gains in 2009/10 • Growth Assets: If the ”.... Imminent...” drill test in PEP 11 offshore Sydney Basin targeting gas goes ahead and is a commercial succe
Slide 6: Corporate Profile
For personal use only CORPORATE PROFILE 52 Week Price Range $0.016 to $0.09 Shares Quoted 553,370,569 Options nil Fully Diluted 553,370,569 ASX Price $0.072 Market Capitalisation $39 million 5 Strong upside potential for investors
Slide 7: Market Response so far
For personal use only Market Response so far !! 6 (Share Prices 11:00 am August 18)
Slide 8: Growth Assets – Almost there on PEP
For personal use only Growth Assets – Almost there on PEP 11 !! • Bounty is free carried for the drilling of the South Fish well targeting 2.4 - 6 TCF gas recoverable • Partner Advent Energy P/L (MEC Resources Limited)has secured major backers for South Fish 1 well in PEP 11 offshore Sydney Basin an
Slide 9: PEP 11 - Sydney Basin NSW
For personal use only PEP 11 - Sydney Basin NSW Company Maker • Targeting up to 16 Tcf (P10) recoverable from several strong prospects • Proven hydrocarbon system, with new prospects identified in the Cenozoic (Quaternary) • Indicative value on success adds $2.75/share to BUY 8 BUY 15% WI on Complet
Slide 10: South Fish Well Success would provide an IEV of $2.75/share
For personal use only South Fish Well 9 Success would provide an IEV of $2.75/share
Slide 11: PEP Milestones to Drill Test
For personal use only PEP 11 Milestones to Drill Test MEC has made major progress towards a drill test: • selected a drill location to test the Fish Prospect with a jackup drill rig • announced on 29 May 2009 that it had issued rig tenders • announced on 11 August 2009 completion of the well design
Slide 12: Core Assets: Oil to provide growth
For personal use only Core Assets: Oil to provide growth • Core Asset Program in the Cooper and Surat Basins has added new 2009 drilling projects: • Wakefield 1 in PEL 218 Eromanga Basin SA in September is targeting between 1 – 5 MMb oil net to Bounty which on success would provide an IEV of $0.05 –
Slide 13: Core Assets Progress - 2008/09
For personal use only Core Assets Progress - 2008/09 • Increased 2P reserves to 1.31 MMboe and contingent resources to 2.5 MMboe, including Tanzania • Gas discoveries in Tanzania with Kiliwani North 1 production tested at 40 MMcf per day • Added to Core Assets through acquisition of an extensive ran
Slide 14: Programme - Oil Development and NFE
For personal use only Programme - Oil Development and NFE Production milestones subject to successful development wells 13 Timing subject to JV approval and capital raising
Slide 15: PEL Location northeast of Moomba SA
PEL 218 Location northeast of Moomba SA For personal use only 14 Drills everywhere but PEL 218
Slide 16: PEL - Focus on Oil with potential for non conventional gas
PEL 218 - Focus on Oil with potential for non For personal use only conventional gas • Wakefield 1, which will spud in September, 2009 is the first well to be drilled specifically for oil in the middle of the Nappamerri Trough • Individual reservoir targets at the P50 confidence level range from low
Slide 17: Wakefield – PEL Eromanga Basin SA
For personal use only Wakefield 1 – PEL 218 Eromanga Basin SA • Wakefield 1 is targeting up to 11 MMbo in a possible 8 zones. TD estimated at 2760 metres • On completion of drilling to casing point Bounty will have earned a 23.28% Working Interest in the sequence above the Permian in the whole of PE
Slide 18: Utopia Field – BUY 40%
For personal use only Utopia Field – BUY 40% • Utopia field is in a shallow anticline at the Murta level with limited relief • Reserves are between 0.3 and 1.8 Mmbo • Reservoir has low productivity but there are significant undeveloped reserves • Likely new operator will finally advance development
Slide 19: Surat Basin Lands - Oil Focus
For personal use only Surat Basin Lands - Oil Focus • Bounty has acquired a portfolio of assets in the oil prone South Western Surat Basin • Additional projects are under negotiation • Principal targets are oil, especially proven oil accumulations which may require engineering solutions to produce •
Slide 20: Bellbird Oil Field – BUY 33.33% increasing to 50%
For personal use only Bellbird Oil Field – BUY 33.33% increasing to 50% • Bellbird 1 flowed 54 bopd on production • Bellbird West 1 recovered 6 litres of oil at surface never tested • Bellbird South had shows in poor reservoir • Cockatoo 1 recovered 1 litre of oil in DST • Bounty renewing permit, pl
Slide 21: Eluanbrook Strat. Surat QLD - BUY 50%
For personal use only Eluanbrook Strat. Surat QLD - BUY 50% • Eluanbrook Stratigraphic Prospect up dip from gas condensate in Eluanbrook 1 • Targeting range of resources from 0.1 – 3.2 Mmbo • Drill proposal currently under review by Joint Venture 20 Successful drilling at Eluanbrook could provide an
Slide 22: Downlands PL119 and ATP 471P SG
Downlands PL119 and ATP 471P SG – BUY 24.7485% For personal use only • Targeting undrilled gas sands and oil legs to the gas fields in Tinowan Sandstones • Downlands additional potential recoverable reserves 12.5 Bcf gas and 1.8 MMbo, Spring Grove tight oil field 1 – 2MMbo • Engineering studies unde
Slide 23: Nyuni – Tanzania
Nyuni – Tanzania BUY 5% For personal use only • JV has drilled made two gas discoveries from 3 wells • Kiliwani North 1 well drains 17 Bcf gas • Only 3 km. From gas plant and pipeline to market, commercialisation negotiation underway • New Seismic acquired to define north ward extent of Kiliwani Nor
Slide 24: EP – Carnarvon Basin WA
For personal use only EP 412 & 435 – Carnarvon Basin WA • These permits surround the Rough Range oil field and are targeting oil that has migrated out from the prolific Carnarvon Basin and gas in the Permian Section underlying the Carnarvon Basin • Bee Eater and Sandalwood prospects are at a shallow
Slide 25: BUY in 2009/2010
For personal use only BUY IN 2009/2010 • Growth Assets: • Funding for the drilling of South Fish 1 in PEP 11 will see BUY participate in an offshore well in the Sydney Basin targeting world class gas potential associated with the Permian coals of the Sydney Basin which if successful will deliver maj
Slide 26: Indicative Enterprise Value
For personal use only Indicative Enterprise Value • The Indicative Increase in Enterprise Value (EV) provided by Bounty is given to help shareholders evaluate the relative merits of the projects being undertaken • In presenting the EV Bounty uses the average EV per barrel figure derived by Richmond
Slide 27: Disclaimer
For personal use only DISCLAIMER This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables which c
Bounty Oil & Gas NL — 20:20 Investor Series Energy Day 2009 on 6ix