HIGH IMPACT EXPLORATION - In a Hot Eastern Australia Gas Market TSX: BNG MAY 2017
CORPORATE PROFILE Financial Shares Outstanding (TSX:BNG) 102.3 MM Total Debt US 12.5 MM Market Capitalization 0.135/share (May. 1, 2017) 13.8MM Funds Flow from Operations (FFO) (Q3 FY 2017) 1.4M Corporate Reserves Values Btax PV10…
COOPER BASIN Australian Growth Platform Fiscal stability and low government take Attractive commodity pricing High impact gas exploration - Barrolka (ATP 934) High netback production - Cuisinier large Oil-in-Place pool with 27 of 28…
EASTERN AUSTRALIA NATURAL GAS MARKET Australia, East Coast Gas Flows Rapid price increase driven by the expansion of LNG Facilities Eastern Australias LNG capacity Gladstone Queensland Curtis Australia Pacific Eastern Australia…
WHY GAS WHY NOW East Australia projected supply demand dynamics, 20172030, PJ PJ Spot Natural Sydney Gas Market Spot Gas Price(Sydney) 20 18 16 AU/GJ 14 12 10 8 6 4 2 0 12/1/2016 1/1/2017 2/1/2017 Current spot…
GAS PRODUCTION PROFILE E. AUSTRALIA East Australia projected gas production, 201730, PJ Coal Seam Gas assets require AUS 40 billion to maintain flat production through 2030 With known development offshore & onshore production set…
QUEENSLAND World Class Gas Economics 2015 COMMERCIAL GAS EXPECTED WELLHEAD PRICES ECONOMICS 1. NWQ INDUSTRIAL ZONE SPOT PRICING: AUS 10-12/Mcf US8.29/MCF 2. GLADSTONE INDUSTRIAL ZONE US7.48/MCF WELLHEAD PRICING: AUS 7-10/Mcf…
NATURAL GAS EXPLORATION 8
COOPER BASIN, RECENT PERMIAN GAS ACTIVITY The basin hosts a range of gas Pre-Permian Basement Depth Map, Source: Geoscience Australia, 2015 play types within the Permian including basin-centred gas & tight Barrolka gas…
PERMIAN - WORLD CLASS SOURCE ROCK ATP 934 Total hydrocarbons generated : 2 Trillion Barrels Oil and Gas Maturity Ro (%) Source: Geoscience Australia, 2015, Source Rocks of the Cooper Basin 10
TRANSFORMATIVE BASIN CENTERED GAS PLAY BARROLKA PERMIT (ATP 934) Top Permian Depth Map The last Whanto well was declared part of a basin centered gas play.(1) Basin Centered Gas accumulations, are typically thick, continuous gas…
PERMIAN PROFILE - ACROSS THE COOPER BASIN WHANTO B B B B 12 Toolachee WINDORAH Patchawarra TROUGH Source: Geoscience Australia, 2015, Source Rocks of the Cooper Basin 75-100m thick(1) (1) See Fundamental Resource…
ATP 934 BARROLKA PERMIT (BNG 71% AND OPERATOR)(3) PERMIT NEIGHBOURING PRODUCING GAS FIELDS & GAS PIPELINES FEEDING EASTERN AUSTRALIA Whanto Large, undrilled 1,462 km2 permit in gas jurisdiction Cum Prod Active drilling around permit…
PERMIAN STRATIGRAPHY & TYPE LOG February 8, 2012 - C Young COONABERRY 1 0 Coonaberry 1 GR 200 2810 2805 280 2795 2790 2785 2780 27 5 27 0 2765 2760 275 2750 2745 2740 2735 2730 2725 2720 2715 2710 2705 270 2695 2690 2685…
QUANTITATIVE INTERPRETATION (QI) REDUCES RISK IN THE COOPER BASIN Crossplot showing separation of rock types Utilizing QI techniques & workflow that were developed for Sandstone identifying reservoir properties in the Deep Basin…
QUANTITATIVE INTERPRETATION (QI) REDUCES RISK IN THE COOPER BASIN Conventional Density Volume Seismic from Density Log AVO/Pre-stack Inversion High amplitudes are caused by coals BUT - where are the sands Toolachee Coals…
ATP934 SIGNIFICANT GAS RESOURCE OPPORTUNITY Large, undrilled 1,462 km2 (361,268 acre) permit in gas jurisdiction Producing gas fields offsetting with numerous gas pipelines crossing the permit Active drilling around the permit with…
LIGHT OIL DEVELOPMENT 18
Cuisinier PL 303 BARTA PERMIT (15,815 acres) (154,000 ACRES) Limit of existing 3D Barta permit approx. 2.5 MMbbls production to date with 2P SHEFU-1 DISCOVERY oil in place of 85 MMbbls(1) and expected to increase…
CUISINIER - WESTERN EXPANSION Barta-1 well Shefu-1 encountered a well developed Murta DC70 MURTA DEPTH STRUCTURE MAP Good oil show sand with 7m of net oil pay(1) Shefu-1 Murta oil discovery further expands upon Cuisinier Cuisinier…
CUISINIER DEVELOPMENT IMMEDIATE GROWTH POTENTIAL TYPE WELL CURVE 240 AVERAGE PRODUCING VERTICAL WELL Calendar Day Oil Rate Bbls/day ANNUAL PROVED PLUS PROBABLE(1) RESERVES (w/o pressure maintenance) AS AT YEAR END MARCH 31(2)…
BENGAL - CATALYSTS & OPPORTUNITIES EXPLORATION AT ATP 934 1,462 km2 permit in gas rich jurisdiction Significant upside value due to Eastern Australia gas demands Possibility of basin centered gas play identified in neighboring…
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, Verenex,…
WHY BENGAL High impact, drill ready, gas opportunity Attractive exploration opportunity on large gas resource at ATP 934 in exciting gas market Very compelling gas market conditions with spot prices of 10- 12/GJ Large, stable, well…
APPENDIX 25
RAPID GROWTH OF LNG CAPACITY Global LNG supply and demand balance to 2030,1 MTPA (1) New LNG capacity is MTPA forecast to be needed from the early to mid 2020s. Source: McKinsey & Company Australia, March 2017 Meeting East…
SUPPLY DEMAND, EAST AUSTRALIA East Australia projected supply demand dynamics, 20172030, PJ Existing and planned capacity is insufficient to fill all export capacity AND to meet domestic demand. In the near-term, with current export…
EASTERN AUSTRALIA GAS DEMAND SUMMARY GAS DEMAND BCF/YR BCF/YR BCF/YR Local demand Contracted LNG Local Demand 644 Trans 6 Additional LNG capacity Contracted LNG 1,044 Mining 17 Additional LNG 294 Capacity 294 Rec/Com 208 644…
SHEFU-1 EXPLORATION DISCOVERY C17 Shefu-1 Near field exploration well approx. 3.6 kms west of Cuisinier-17 Encountered 8.1m of gross sand with 7m of net pay and virgin pressure Result has establish a new Lowest Known Oil (LKO) for…
ENDNOTES Slide 2 Slide 19 (1) Based on independent, qualified reserves evaluator GLJ Petroleum Consultants Ltd.s report dated (1) Based on independent, qualified reserves evaluator GLJ Petroleum Consultants Ltd.s report dated March 31,…
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