CORPORATE PRESENTATION ANNUAL GENERAL MEETING SEPTEMBER 2015 HIGH IMPACT INTERNATIONAL TSX: BNG EXPLORATION & PRODUCTION
INVESTMENT HIGHLIGHTS Delivering consistent top-tier reserves growth High-quality light oil & Production/reserves in a large 52 API ultralight oil pool gas assets in low-risk, stable countries: Material production and cash flow…
WHY NOW Significant upside based on independently evaluated High margin, strong 2P NAV (March 31, 2015) cash generating Hedging in place to June 2017 operations 269,000 barrels (floor price of US 80 per barrel) Rapidly growing oil…
CORPORATE PROFILE Financial Basic / FD Common Shares Outstanding (TSX:BNG) 68.2 MM / 72.7MM Insider Holdings 29% Total Debt 17MM Enterprise Value 0.16/share (Sept.18, 2015) 27 MM Q1 2016 Funds Flow from Operations (FFO) 1.2MM…
CREDIT FACILITY 2015 reserve additions support lending Drawn capacity (US15MM) Attractive margins Current facility limit based on US Libor (US25MM) Available capacity Hedging program with (US40MM) floor of US80/bbl through…
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 Continue to high-grade and refine/focus portfolio with minimum capital EXPLORE exposure in current environment Expand pool boundary and grow oil in place, convert resources to APPRAISE 3P/2P reserves…
ASSET OVERVIEW Assets in proven, producing basins Large and under-explored acreage offers significant 1.9MM gross acres total growth opportunity Assets in portfolio with development and exploration upsides with significant…
COOPER BASIN A LARGE FOOTPRINT FOR FUTURE GROWTH Australia Program (2015-16) 5 producing wells to be fracd for low cost production addition BARTA Operator preparing field development plan at Cuisinier BARROLKA At least 4…
BARTA PERMIT: CUISINIER (PL 303) Barta Permit equals 344,218 acres CUISINIER FIELD 1.75 mmbbls production to date PL 303 23 wells drilled to date 22 oil 15,815 acres 2014-15 drilling program expanded the pool, further increasing…
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 TINTABURRA/ TOOBUNYAH KENMORE 13.6 MMSTB(1) sparsely drilled only 10 wells drilled to date 3.2 MMSTB(1) Potential for a new oil fairway, located in an…
BARROLKA PERMIT (ATP 934) Real Energy drilled two Permian gas discovery wells on ATP 927P (Queenscliff 1 and Tamarama 1) ATP 927P Real Energy Real has declared an independent Total Queenscliff-1 Tamarama-1 Mean Prospective…
INDIA: CY-ONN-2005/1 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…
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 AS AT YEAR END MARCH 31 Average daily production per million Production growth directly linked to…
PEER PERFORMANCE SINCE MARCH 31, 2014 Share Performance International Peers March 31, 2014 - September 10, 2015 -100% -90% -80% -70% -60% -50% -40% -30% -20% -10% 0% Canadian Listed %Change PXT Parex Resources Inc. -6.63% VLE…
WORLD CRUDE OIL PRICE OUTLOOK World Crude Oil Production vs Brent Price World Liquid Fuels Production & Consumption Balance 135 84 World Crude Production Brent (US) 125 82 115 80 105 95 MMbbl/d MMbbl/d 78 US 85 76…
REALIZED CRUDE OIL PRICE SCENARIOS 160.00 80 floor price on 50% of production contracted to 140.00 June 2017 120.00 Brent = US45 Lower Canadian dollar BNG = C92.07 increases the value of US 100.00 dollar based oil sales Brent =…
WHY BENGAL History of reserves growth leads to vast development High margin, strong opportunity cash generating +120 high graded locations within pool identified by management operations Near term low cost, low risk production adds…
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