Bass Oil Ltd · ASX:BAS
Bass Oil — Bass Strait Oil Company — Investor Presentation (May 2014)
17 slides from Bass Oil's investor presentation, May 12, 2014
Slide 1: Investor Presentation May 2014
For personal use only INVESTOR PRESENTATION May 2014
Slide 2: Corporate Summary
DORPORATE C DISCLAIMER ISCLAIMER SUMMARY For personal use only Key Message Capital Structure • Strategic acreage positions in Gippsland and Shares on Issue 518.3M Otway Basins Options (Exercisable at $0.04 by 14/10/14) 10.0M • Gippsland Basin is the focus of recent industry activity, driven by stron
Slide 3: Investment Highlights
IDNVESTMENT DISCLAIMER ISCLAIMER HIGHLIGHTS For personal use only Concentrated, trend focused acreage holding in two productive basins Permits located close to existing producing fields, infrastructure and gas markets Exposure to strong outlook for East Coast gas demand Gippsland Basin is th
Slide 4: Eastern Australian Gas Market
EDASTERN AUSTRALIAN GAS MARKET ISCLAIMER For personal use only • Robust outlook for domestic gas demand – commercial demand and shortfall for LNG export projects • Limited supply options – prompting renewed industry activity in Gippsland and Otway Basins East Coast Gas Demand & Contracted Supply Pri
Slide 5: Gippsland Basin Dynamics
DISCLAIMER GIPPSLAND BASIN DYNAMICS For personal use only Improving gas economics has resulted in transactional activity in and around Vic/P68 and Vic/P41 31 March 2014 Seven Group Holding 13 February 2014 announces proposal to Cooper Energy acquire Nexus Energy increases stake in Bass Strait Oil Co
Slide 6: Gippsland Basin (Vic/P41)
DISCLAIMER G DISCLAIMER IPPSLAND BASIN (VIC/P41) For personal use only VIC/P41 (BAS 64.565% & Operator) • Located 40km south of the Victorian Coast • Provides exposure to the easterly extension of proven producing trends • 3D-defined, high impact gas prospects identified • Prospective Resource estim
Slide 7: Gippsland Basin (Vic/P68)
DISCLAIMER G DISCLAIMER IPPSLAND BASIN (VIC/P68) For personal use only VIC/P68 (BAS 100% & Operator) • Permit granted in May 2012 for 6 year term • Prospective for oil and gas across the Rosedale Fault Trend and Lake Wellington Fault Trend • Contains the Leatherjacket oilfield which has contingent r
Slide 8: Gippsland Basin Dynamics – Cooper Energy BMG
DISCLAIMER GIPPSLAND BASIN DYNAMICS For personal use only Cooper Energy – Basker Manta Gummy (BMG) • Aug/Sept 2012 - Cooper Energy acquires 19.9% equity in BAS • May 2013 - BAS increases interest in Vic/P41 to 64.565% • July 2013 - Terms agreed with Cooper Energy to farm-in to Vic/P41 & Vic/P68 • Au
Slide 9: Improving economic viability of Gippsland Basin gas resources
DISCLAIMER GIPPSLAND BASIN DYNAMICS For personal use only Improving economic viability of Gippsland Basin gas resources • Economic viability of Gippsland Basin gas resources have been significantly improved with increases in domestic gas prices • Access to the resource potential in Vic/P41 and Vic/P
Slide 10: Otway Basin
DISCLAIMER OTWAYDBISCLAIMER ASIN For personal use only Large onshore acreage holding prospective for conventional and unconventional gas PEP 167 (BAS 100%) • 408 km2 permit area focused on Casterton unconventional play and Waarre conventional gas play PEP 175 (BAS 100%) • 1,419 km2 permit area focus
Slide 11: High quality neighbours
DISCLAIMER OTWAYDBISCLAIMER ASIN For personal use only High quality neighbours 11
Slide 12: Nearby drilling activity and catalysts
DISCLAIMER OTWAYDBISCLAIMER ASIN For personal use only Nearby drilling activity and catalysts • Jolly-1 was drilled in the onshore Otway Basin PEL 495 (Cooper Energy 30%) • The well was drilled outside of structural closure, targeting the gas potential of the Casterton Formation in the Penola Trough
Slide 13: Forward Work Program
FDORWARD DISCLAIMER WORK PROGRAM ISCLAIMER For personal use only Subsequent Current Year Permit Current Year Committed Work Committed Work Program Program Year 3, Third Term (29/11/2013 - Geological & Geophysical Gippsland Vic/P41 Drill one exploration well 28/11/2014) Studies Year 2, First Term (04
Slide 14: Corporate Strategy
DORPORATE C ISCLAIMER STRATEGY For personal use only Completed Commenced Ongoing Consolidate Portfolio & Divest/Farmout Gippsland Seek New Exploration, Appraisal Reduce Costs Basin Portfolio & Production Opportunities • Withdrawn from deep water • Formal divestment process • Any proceeds from permit
Slide 15: Summary
SDUMMARY DISCLAIMER ISCLAIMER For personal use only BAS is poised to leverage its strategic acreage positions in Gippsland and Otway Basins to deliver value for shareholders The Company has consolidated activity around permits of high value in the Gippsland and Otway Basins Strategically positio
Slide 16: Disclaimer
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 securit
Slide 17: Contacts
For personal use only CONTACTS CHIEF EXECUTIVE OFFICER Steven Noske steve.noske@bassoil.com.au +61 3 9927 3000 +61 422 517 071 INVESTOR RELATIONS Rohin Muller rmuller@adelaideequity.com.au +61 8 8232 8800 +61 435 867 819
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