Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (March 2011)
17 slides from Bass Oil's investor presentation, Mar 2, 2011
Slide 1: Excellence in Oil and Gas – March 2011
For personal use only Excellence in Oil and Gas – March 2011
Slide 2: Disclaimer
For personal use only DISCLAIMER 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
Slide 3: Directors and Management
For personal use only DIRECTORS AND MANAGEMENT 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
For personal use only CORPORATE INFORMATION ¾ ASX code: BAS ¾ 291,030,250 ordinary shares ¾ Total shareholders approximately 2,250 ¾ Top 50 shareholders hold 57% ¾ Albers Group interests 20% ¾ 1.5 million unlisted employee options ¾ Cash on hand approximately $3.2 million ¾ Market capitalisation app
Slide 5: Bass Strait Oil Company Ltd – Permits
For personal use only BASS STRAIT OIL COMPANY LTD – PERMITS 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 T/L1 – ORR Otway Basin PEP167 – 5
Slide 6: Balanced Portfolio of Opportunities
For personal use only BALANCED PORTFOLIO OF OPPORTUNITIES APPRAISAL EXPLORATION FRONTIER 9 PORTFOLIO – 40% 9 PORTFOLIO – 40% 9 PORTFOLIO – 20% 9 RISK: < 45% 9 RISK: 15% - 45% 9 RISK: > 15% 9 REWARD: < 500 Bcf 9 REWARD: 0.5 – 5.0 Tcf 9 REWARD: > 5.0 Tcf < 5 MMbbls 5 – 150 MMbbls > 150 MMbbls ¾ VIC/P4
Slide 7: Onshore Otway Basin – BAS Acreage
ONSHORE OTWAY BASIN – BAS ACREAGE • PEP 167 contains For personal use only 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 • 2009 $2 million farmout to Inter
Slide 8: Windermere Oil Project – Pre 3D
WINDERMERE OIL PROJECT – Pre 3D Windermere-1: ¾drilled in 1987 For personal use only 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 completed
Slide 9: Windermere Oil Project – Post 3D
For personal use only WINDERMERE OIL PROJECT – Post 3D • 3D mapping shows Windermere-1 is structurally separate from Windermere-2 at oil reservoir level • Anticipate drilling Windermere-3 (as twin to W-1) in 2nd Quarter 2011 • Follow-up potential mapped within 3D area – three sub closures for Winder
Slide 10: Windermere Economics
WINDERMERE ECONOMICS Anticipate robust economics based on: ¾ Relatively shallow reservoir (approx For personal use only 1800m) ¾ Sealed highway to Geelong refinery ¾ All-weather road access and gentle terrain ¾ Local infrastructure and support
Slide 11: Offshore Gippsland Basin - BAS Acreage
For personal use only OFFSHORE GIPPSLAND BASIN - BAS ACREAGE
Slide 12: VIC/P47: Appraisal & Prospects
VIC/P47: APPRAISAL & PROSPECTS •Continuing farmout interest For personal use only •Existing gas discoveries at Judith and Moby with nearby infrastructure •Longtom (Nexus) now on production is analogue for Judith - both Emperor Sub Group reservoirs in fault bound traps •Patricia Baleen (Santos) is an
Slide 13: VIC/P41: Prospects & Leads
VIC/P41: PROSPECTS & LEADS 3D-defined, high-impact For personal use only prospects Kipling, analogous to Kipper field P50: 320 Bcf + 15 mmbbls P10: 1 Tcf + 50 mmbbls Benchley, GB and Halibut targets P50: 800 Bcf + 40 mmbbls P10: 3 Tcf + 150 mmbbls Oscar East, analogous to Basker/Manta Oscar 3D P50
Slide 14: VIC/P66: Exploration Concepts
For personal use only VIC/P66: EXPLORATION CONCEPTS Northern Platform Lead A Underexplored East Gippsland play Zone of Primary Interest Lead A (P10: ~600 Bcf recoverable) defined on 2D in west of permit 10 km Basement High Recently completed basin East Gippsland Rise modelling project which im
Slide 15: VIC/P42: Prospects & Leads
For personal use only VIC/P42: PROSPECTS & LEADS 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 16: Offshore Bass Basin - BAS Acreage
For personal use only OFFSHORE BASS BASIN - BAS ACREAGE 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 < 100m
Slide 17: Clear Exploration Focus on Southeast Australia
Clear Exploration Focus BASS STRAIT on Southeast Australia (0) @ Strong permit position; »* excellent leverage to high-impact discovery potential. Oil for Australians @ Coherent, focussed portfolio across three productive basins. bn oom, @ Offshore drilling & seismic operations experience since 2000
Bass Strait Oil Company — Investor Presentation (March 2011) on 6ix