Annual General Meeting 20 November, CEOs Presentation Philip F Kelso 2014
Project Report What are we going to look at Key Outcomes 2014 Strategy Review of 2014 Performance Way Forward 2014 15 Projects Overview SW Queensland Oil Production Kiliwani North Gas Commercialisation Nyuni PSA Tanzania AC/P…
Key Outcomes 2014 Australia Profit after tax of 1.14 million Oil revenue reaches record of 3.14 million Revenue and sale of listed securities generate 4.12 million Oil Business strategy on track to provide further growth:-…
Key Outcomes 2014 Tanzania Major gas pipeline and plant construction now almost completed will provide sales line for Kiliwani North (KN) gas field to commence gas sales in early 2015 Nyuni PSA new 3D seismic planned to image deep…
Way Forward 2014 - 15 Oil Ongoing development and appraisal drilling at Naccowlah (SW Qld) Appraisal Drilling PL 2, Surat Basin Qld Working over oil leg at Downlands, Surat Basin Qld Gas Produce at 2 MMcfg/d net to BUY…
Strategy Sector Operations Objective Drill prospect inventory in Surat Basin, pursue further prospects with 3D Fiscal Oil seismic and continue development and near field exploration drilling in Business SW Queensland Stability…
Review of 2014 Performance 90.00 Boepd Naccowlah Daily Production by Field 80.00 bopd Oil 70.00 Participated in three successful development wells at 60.00 Naccowlah drilled in early 2013/14 50.00 And in one development at Utopia…
Way Forward 2014 - 15 Oil Ongoing development and appraisal drilling at Naccowlah (SW Qld) Appraisal Drilling PL 2, Surat Basin Qld Title Renewed Develop oil leg at Downlands, Surat Basin Qld, starting with Downlands 3 Gas…
Bounty Projects 11
SW Queensland Production Irtalie East Depth Structure SW Qld Production 2013/14 bopd Irtalie East Field and Corroo North West 1, the new 80.00 Naccowlah Utopia drills, contributed 27% of Naccowlah Production 70.00 This helped…
Nyuni PSA (BUY 5%) and Kiliwani North Production (BUY 10%) Production infrastructure completed by end January 2015 Tie in pipeline to KN-1 complete end December Production from Kiliwani North at a rate of 20 million cubic feet per…
Nyuni Block Stratigraphic Gas Leads - Target Model Viazi Lead in Nyuni Block Viazi Lead Deep water exploration in Mozambique and Tanzania has resulted in 150 Tcf of gas discoveries Targeting bright seismic amplitudes with…
AC/P 32 High Impact Oil Exploration 500 MMboip BUY 100% AC/P 32 is located in the Vulcan Sub-basin in Ashmore and Cartier Territory, Timor Sea The basin is oil prone and the permit is surrounded by oil fields with substantial…
Azalea Prospect Fundamentals This Accoustic impedance view of the seismic clearly shows the Puffin Sands in the Azalea Prospect with identical low impedance to the excellent Upper sands encountered in Birch 1 (Av. Porosity 25%).…
Azalea Prospect Sand Body This P Impedance view essentially shows the sand distribution in the horizon directly under the Top Cretaceous Unconformity. The sands are golden hues and the shalier sections are grey and blue. The…
Seismic Inversion and AVO indicates Azalea sand different Fluid substitution studies in the Puffin Formation sands suggest that the MuRho Lam Parameter will be lower in Hydrocarbon-bearing sands than in brine sands, sands at Azalea…
Azalea Prospect Charge In this part of the Timor Sea Hydrocarbon Related Diagenetic Zones (HRDZ) caused by gas accumulating in shallow reservoirs is a common feature of commercial hydrocarbons, for example the 30 MMbbl Skua…
Azalea Prospect - Summary Bounty has considerably de-risked this prospect through its seismic reprocessing and inversion work, and is actively seeking partners to assist in drilling in 2015/16 The 500 MMboip Prospect is anticipated…
Surat Basin Downlands PL 441 (100%) Native Title negotiations Formosa Downs ATP 470P underway as part of the (100%) renewal. Renewed, targeting liquids rich gas in Tinowan Sands and Coals PL 2 Alton Area ATP 754P (24.24 and…
Rough Range Oil Field Bounty has entered into an indicative agreement with Empire Oil and Gas NL to purchase all of their interests in Carnarvon Basin onshore including Rough Range Oil Field 22
Carnarvon Basin Acquisition Bounty has been a long term Joint Venture Partner with Empire in many of the permits. Bountys now has substantial interests in these areas located onshore and offshore in WA State Territorial waters…
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