Bass Oil Ltd · ASX:BAS
Bass Oil — RIU Good Oil Conference 2017
12 slides from Bass Oil's conference presentation, Sep 13, 2017
Slide 1: Indonesian Growth-Focused Oil Production Company
For personal use only Indonesian Growth-Focused Oil Production Company RIU Good Oil Conference 13th September 2017
Slide 2: Disclaimer
Disclaimer For personal use only 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 securities in the Company, or as
Slide 3: Bass Oil Limited (ASX:BAS) – Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot Capital Structure Share Ownership Summary For personal use only Market Cap @0.3c A$6.75M Shares On Issue 2,239,217,584 15.8% Cooper Energy Cash Estimate 1.35M Tino Guglielmo Debt Nil 10.0% Mark Lindh 52.0% Enterprise Value A$5.4M Tattersfield Group 9.6
Slide 4: Tangai-Sukananti – Simple, low cost & profitable
Tangai-Sukananti – Simple, low cost & profitable For personal use only Bass is the newest oil producer on the ASX and currently producing above 600 BOPD (100% JV share) Bass hold a 55% interest in the Tangai-Sukananti production assets - located within the South Sumatra Basin, a prolific Indones
Slide 5: Sustained Levels of Production
Sustained Levels of Production For personal use only Field performing at expectations, with current oil production in excess of 600 barrels per day (100% basis) Tangai-Sukananti KSO Monthly Production (55% Basis) 11 10 Consistent production at the Indonesian KSO 9 since Bass assumed operatorship
Slide 6: High-impact Field Development Opportunities
High-impact Field Development Opportunities Substantial quantity of oil reserves remain For personal use only undeveloped, within the Bunian and Tangai fields Bass seek to mature a drilling program that will increase the developed reserves base and accelerate future production Bunian-5 and Bun
Slide 7: Study Targeting Growth Potential
Study Targeting Growth Potential For personal use only Substantial amount of prospective resources remain within the Tangai-Sukananti KSO TMB-6 Updip Indonesia’s UNPAD engaged to conduct multi- disciplinary integrated study to provide a re- assessment of the asset’s Oil in Place, Reserve Bunian
Slide 8: Growth Through Acquisitions
Growth Through Acquisitions For personal use only Existing asset lies in close proximity to numerous prolific oil & gas fields Solid platform for pursuing additional value-accretive acquisitions Preference for on-shore, underperforming production or near-production assets Ideally located in
Slide 9: Investment Case
Investment Case For personal use only Current production consistently in excess of 600 bopd (100% JV share) Strong Cash Flow Free cash flow generated from assets to cover all corporate overheads in Australia and Indonesia Generation Acquisition is self-funding - cash flow expected to pay all d
Slide 10: Contacts
Contacts For personal use only For further information, please do not hesitate to contact: BASS OIL LIMITED ADELAIDE EQUITY PARTNERS LIMITED Tino Guglielmo Jay Presepio tino.guglielmo@bassoil.com.au jpresepio@adelaideequity.com.au +61 3 9927 3000 +61 8 8232 8800 +61 407 336 668 +61 450 746 797 RIU G
Slide 11: 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: Lion Energy (ASX:LIO) and IHSE (onshore oil & gas reserves shown
Slide 12: Indonesia: Investment Rationale
Indonesia: Investment Rationale For personal use only Bass views Indonesia as an ideal place for investment in the current market Worlds fourth-largest population (~260 million) Fast-growing economy (GDP ~ 6%pa) Oil and gas demand growing at > 5%pa Declining conventional oil/gas supply Sup