Bass Oil Ltd · ASX:BAS
Bass Oil — 121 Oil & Gas Investment Conference, Hong Kong 2019
14 slides from Bass Oil's conference presentation, May 16, 2019
Slide 1: Indonesia; substantial oil and gas investment potential
ASX:BAS www.bassoil.com.au For personal use only Indonesia; substantial oil and gas investment potential May 2019
Slide 2: Disclaimers and Important Notices
Disclaimers and Important Notices Forward Looking Statements: 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 fo
Slide 3: Growth; Impact and Opportunity in Indonesia
Growth; Impact and Opportunity in Indonesia For personal use only Bass has increased its Proved Reserves by 76% in 2018 and; Posted record production of 850 barrels of oil per day (bopd) JV share in October 2018 with current capacity at in excess of 700 bopd. In 2019, Bass aims to double production
Slide 4: Existing Asset: Simple, low cost, profitable production
Existing Asset: Simple, low cost, profitable production For personal use only • Bass holds a 55% JV interest in and Operates the producing Tangai-Sukananti KSO in the South Sumatra Basin • Experienced on-ground Indonesian team manages field operations • A robust record of delivery • Consistent produ
Slide 5: Business Development - building a diversified portfolio in Indonesia
Business Development - building a diversified portfolio of exploration, development and producing assets in Indonesia For personal use only Company • Material, company-changing acquisition of producing asset(s) Transforming (Type 1) • Actively screening deals Strategic Growth • Measured exposure to
Slide 6: Indonesia's hydrocarbon basins are world-class with extensive infrastructure
Indonesia’s hydrocarbon basins are world-class with extensive infrastructure in place and significant discovered resources Kalimantan For personal use only 24.93 BBOE Sulawesi / East Indonesia 5.52 BBOE Sumatra 48.66 BBOE Java 14.53 BBOE 2016 In Place Resources BBOE = Billion Barrels of Oil Equivale
Slide 7: Large Discoveries being made now in western Indonesia
Large Discoveries being made now in western Indonesia Repsol For personal use only Discovery • The Western area of Indonesia hosts numerous producing fields and world-class discoveries are still being made • Regulators key exploration focus targets; Basin Centred Play in Central Sumatra and Fracture
Slide 8: Improving Oil Recovery (IOR) – Abundant opportunity for increased recovery
Improving Oil Recovery (IOR) – Abundant opportunity for increased recovery and near Bass Oil Recovery Est : • Billions of barrels of unrecovered oil in For personal use only Indonesia can potentially be exploited Remaining Reserves: ~5% using currently available IOR technologies on mature fields • T
Slide 9: Why Invest in Bass Oil?
Why Invest in Bass Oil? For personal use only Production growth Strong Low operating cost (<US$25/bbl) Production Increased Proved Reserves increases certainty of production profile Aiming to double production during 2019 with drilling commencing at Bunian 5 mid-year Growth and Business De
Slide 10: For further information, please do not hesitate to contact
For personal use only For further information, please do not hesitate to contact: BASS OIL LIMITED Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au 121 Oil and Gas Conference • May 2019 10
Slide 11: Appendix
For personal use only Appendix ADDITIONAL SLIDES 11
Slide 12: Bass Oil Limited – Corporate Snapshot
Bass Oil Limited (ASX:BAS) – Corporate Snapshot Capital Structure Share Ownership Summary For personal use only Market Cap @0.3c (31-03-19) A$7.8M Shares On Issue 2,606,167,481 13.6 Cooper Energy Cash Estimate (31-Mar-19) US$1.013M 10.2 Tino Guglielmo Debt (31-Mar-19) US$0.900M Tattersfield Group 63
Slide 13: Senior Management and Directors
Senior Management and Directors Board of Directors Executive Management For personal use only Peter Mullins 40 year senior banking career experience in Australia Giustino 36 year Australian and international Non Executive and New York as key Commonwealth Bank Guglielmo executive petroleum engine
Slide 14: A 76% increase in Net Attributable 1P Reserves
A 76% increase in Net Attributable 1P Reserves For personal use only Reserves & Resources as at 31 December, 2018 100% Field Reserves (MMbbl) Category 1P - Proved 2P - Proved & Probable Developed & Undeveloped 1.777 2.019 BAS Net Entitlement Reserves (MMbbl) Category 1P - Proved 2P - Proved & Probab
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