Philip Kelso - CEO
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Bounty Oil and Gas | ||
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Annual General Meeting | ||
November 26, 2021 | ||
CEO Presentation | ||
r | ASX Code: BUY | Offshore Carnarvon Basin |
Disclaimer/Forward Looking Statements
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This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: product price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and production results, oil and gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates.
All references to dollars, cents or $ in this document are Australian currency, unless otherwise stated
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2021 Highlights
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Cerberus - Offshore Shallow Water Carnarvon Basin
- Adjacent to Barrow Island
- Bounty earning 25% by contributing $6 million to drilling 3 wells
- Targeting Best Case Prospective Resources of over 200 million barrels (MMbo)
- Same plays as
- Santos' Dorado and Roc (>400 MMboe 2C) to the north, and
- Stag and Wandoo Oilfields (>180 MMbo production) immediately adjacent
Corporate
- Petroleum Revenue $1.47 million (2020 $2.91m)
- Cash and current assets $ 4 million and no debt
- $2.8 million new capital raised in 2021
- Kane Marshall joins Bounty as COO.
PEP 11 - A Gas Project
- Preparations for Sea Blue 1 well targeting the large Gas and Carbon Capture and Storage Baleen Prospect considerably advanced by operator
- Well and environmental management contracts let and letters of intent issued for well head and conductor equipment and calls to tender issued to several contractors with rigs in Australian waters
Corporate Snapshot
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ASX Code
As at
Price Range YTD
Shares Quoted
Options
ASX Closing Price
Market Capitalisation
Net Assets
BUY
25 November 2021
$0.010 to $0.049
1.37 billion
Nil
$0.010
$13.7 million $8.45million
Cerberus - Carnarvon Basin WA.
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- Bounty initially targeting ~345 MMboip total in Stork, Honeybadger and Gallant
- prospects, immediately up dip from proven oil fields
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