Bounty Oil and Gas
NL
Annual General Meeting
November 27, 2020
CEO Presentation
ASX Code: BUY
Philip Kelso - CEO
Drilling Cooper Basin QLD
2019/20 Highlights
Corporate
- Petroleum Revenue $2.91 million (2019 $3.66)
- Average price received $93.00/bbl (2019 $91.60)
Production
- Gross Production 27,286 bbls (2019 39,918)
- Most new wells at Naccowlah in full production
Appraisal, Development and NFE.
- 9 well Naccowlah program completed with 78% success rate
- Minimum 5 well program being planned for 2021
- Targeting over 1 million barrels in the Surat Basin in Bounty controlled lands
2
Bounty Corporate
45
40
35
30
25
Bounty 10 Year Oil Production v Revenue
4.0
3.5 Naccowlah drilling is building oil reserves/resources and
3.0 platform for larger projects
2.5 | $MM |
Kbbl
20KN 1 producing
15
10
5
-
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
2.0 | Revenue |
1.5 | |
1.0 | |
0.5 | |
- |
Bounty - Road Ahead on Managed Lands
Goal
1 MMbo resource
400 - 700 bopd production
Ongoing Development
of 1 MMbo Resources
Drill Mardi 1 - 200-400 bopd.
Drill Eluanbrook 2 - 100-200 bopd
Develop Alton Attic - ~100 bopd
Alton Oil Field - Back into production 30 bopd
PEP 11 (15%) Drill Baleen AVO anomaly - Target 2 TCF
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