CORPORATE PRESENTATION JULY 2015 HIGH IMPACT INTERNATIONAL TSX: BNG EXPLORATION & PRODUCTION
INVESTMENT HIGHLIGHTS Strong and growing reserves base in a light oil pool High-quality light oil & with top tier operating netbacks gas assets in low-risk, stable countries: Material production and cash flow growth potential…
WHY NOW Significant upside based on independently High margin, strong evaluated 2P NAV cash generating Other near-term catalysts: operations Tie-in new light oil production from Phase Two drilling Exploration drilling on ATP 732…
CORPORATE PROFILE Financial Basic / FD Common Shares Outstanding (TSX:BNG) 68.2 MM / 72.7MM Insider Holdings 29% Total Debt 17MM Enterprise Value 0.25/share (July 6, 2015) 34MM 2015 Funds Flow from Operations (FFO) 4.6MM Est.…
BENGAL LEADERSHIP TEAM Management Board of Directors Chayan Chakrabarty, PhD (Pet Eng), MBA - Ian Towers, P.Eng Chairman Former President, CEO & Director Dolomite Energy President, CEO & Director Formerly Daylight Resources,…
DEFINED BUSINESS STRATEGY Explore across high-graded and high-impact permits in a EXPLORE diversified portfolio Continue to high-grade and refine/focus portfolio Further de-risk at the prospect level APPRAISE Expand pool…
ASSET OVERVIEW Assets in proven, producing basins Large and under-explored acreage offers significant 1.9MM gross acres total growth opportunity High potential impact without typical international risk onshore;…
BENGALS COOPER BASIN PERMITS BARTA Cooper Cuisinier Basin (Non-Op.) Cuisinier BARROLKA (Operated) TOOKOONOOKA (Operated) WOMPI (Non-Operated) THE COOPER BASIN OPPORTUNITY WITH ATTRACTIVE ECONOMICS The Cooper Basin…
LARGE FOOTPRINT FOR FUTURE GROWTH Australia Program BARTA (10 wells) 2 development oil wells tied-in and undergoing production testing BARROLKA Operator preparing field development plan at Cuisinier 1 carried well at…
BARTA PERMIT: CUISINIER (PL 303) Barta Permit equals 344,218 acres(1) PL 303 15,815 acres(1) CUISINIER FIELD 23 wells drilled to date 22 oil Phase Two drilling program expanded the pool, further increasing reserves and will add…
WOMPI PERMIT (ATP 752) Wompi offers Bengal moderate risk exploration in a well-established, oil- producing fairway with multi-zone potential Nubba 1,drilled by Santos on ATP 752 (Bengal 38.08%) tested several Jurassic oil plays…
TOOKOONOOKA PERMIT (ATP 732P) Very large permit covering 654,000 acres yet KENMORE 13.6 MMSTB(1) sparsely drilled only 10 wells drilled to date. Potential for a new oil fairway, located in an underexplored area between two prolific…
TOOKOONOOKA, NEW 3D PRELIMINARY INDICATIONS Preliminary data now under review with baseline interpretation in progress Numerous prospects and leads emerging Hutton target Example Tigris Prospect, primary Hutton target with…
BARROLKA PERMIT (ATP 934) Permian Structure Map Real Energy has drilled two Permian gas ATP 927P Real Energy: 100% TANBAR 1 MARAMA MARAMA1 ST1 1 discovery wells on ATP 927P (Queenscliff 1 Queenscliff-1 and Tamarama 1)…
INDIA OVERVIEW & CAUVERY BASIN BENGALS CY-ONN-2005/1 BLOCK 946 km2 INDIA 30% working interest Light oil prone (35 - 52 API) Bengals CY-ONN-2005/1 600 km2 3D completed Block Near-term, high impact drilling - 3 wells planned…
INDIA: CAUVERY PROSPECTS CAUVERY BASIN (1) 600 km2 of 3D shot & interpreted; 3 drill locations finalized (1) Each location tests different play type in different part of permit (1) All targets located in a Cretaceous syn-…
CORPORATE RESERVES GROWTH: INDEPENDENT EVALUATION ANNUAL PROVED PLUS PROBABLE(1) NET PRESENT VALUE OF RESERVES 10% RESERVES (MBOE) DISCOUNT FACTOR(1) (MM) AS AT YEAR END MARCH 31, AS AT YEAR END MARCH 31, 51% 17% growth year over…
VALUE CREATION FOR SHAREHOLDERS PRODUCTION PER SHARE GROWTH (NET)(1) NET AVERAGE DAILY PRODUCTION VOLUMES(1) AS AT YEAR END MARCH 31 (2) AS AT YEAR END MARCH 31 (2) Average daily production per million Production growth directly…
BUILDING THE VALUE CHAIN Grow existing production base through high return drilling and DEVELOP development projects in the Cuisinier producing field Extend pool boundaries and expand 2P & 3P reserves in the APPRAISE producing…
WHY BENGAL Significant upside based on existing 2P reserves value CASH FLOW High impact near-term catalysts GROWTH Exploration drilling on Tookoonooka supported by new 300 sq. km. 3D Drilling 3 wells in calendar 2016 in onshore…
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