Bounty Oil and Gas NL Presentation to: Excellence in Oil and Gas March 11 12, 2014 ASX Code: BUY Philip F Kelso - CEO Cooper Basin - Drilling Utopia 14
Bounty Oil & Gas NL Major Growth Projects with Production Base 2013 Calendar year oil revenue lifted to 2.6 million. A further increase to 5 million will start in first quarter 2015 with commercialisation of Kiliwani North gas,…
Project Action - Kiliwani North Project Tanzania 36pipe for the East Tanzania Pipeline now under construction 24lateral under construction to Songo Songo Island for Kiliwani North tie in 3
Bounty Main Project Review What are we going to review Location of Projects Issued Equity Capital Summary Advanced Projects with Major Upside the way Forward 2014 2015 AC/P 32 Timor Sea Azalea Prospect Tanzania: Kiliwani North…
Projects Oil and Gas Revenues 2.6 million pa increasing in 2015. Core Exploration especially in Cooper and Surat Basin western oil fairway is pursuing low risk near field targets High Impact exploration targeting company maker…
Issued Equity and Capital Summary ASX Code BUY As at 11-Mar-14 52 Week Price Range 0.019 to 0.011 Shares Quoted 938,400,982 Unlisted Options 0.032 20,000,000 ASX Closing Price 0.014 Market Capitalisation 13.1 million…
Advanced Projects with Major Upside-2014/2015 In 2014/15 Bounty will be focussing on two significant projects AC/P 32 Timor Sea BUY 100% Azalea Prospect 511 million barrels of oil in place (MMboip) with between 100 and 200 MMbo…
AC/P 32 Timor Sea - Azalea Prospect Main Points Bounty has successfully delineated and de-risked the Azalea Prospect in AC/P 32 Timor Sea, ready for farmout Azalea contains 511 million barrels of oil (MMbo) in place in the Puffin…
AC/P 32 Azalea Prospect - Path to Development Successful 500 plus million bbl oil discovery and appraisal via a two well farmout strategy of say 49% will provide a major multiplier to Bountys current 1.4 cent price Using a rule of…
AC/P 32 Azalea Prospect Timor Sea Regional East Swan 1 and 2 had hydrocarbon shows in the Puffin and Plover Formations These were not commercial because the reservoir was breached by late stage faulting Bounty has concentrated on…
AC/P 32 Azalea Prospect Plan View The high impedance (high porosity) sands (golden hues) at Azalea are much more widespread than similar sands around Birch 1 The lateral seals are shown where the colours change to grey then blue…
AC/P 32 Azalea Prospect Seismic Section W E Accoustic Impedance (left), essentially reflecting porosity in any given sand, shows that the sands at Azalea are very similar to known high porosity sands (24%) in the Puffin Formation at…
AC/P 32 Azalea Prospect Hydrocarbon Indicators Many oil fields in the Timor Sea are associated with shallow diagenetic zones (HRDZ) and gas accumulations related to leakage of gas along late stage faults There is a well developed…
Nyuni Kiliwani North Projects East Tanzania - Regional Deep water offshore Tanzania and Mozambique has seen over 170 TCF of gas discoveries in deep water channel/fan systems related to the Rufuji and Ruvuma Deltas Major players…
Kilwani North Gas Development Kiliwani North Lateral Pipeline. Subsea pipe laying of 24inch line to Songo Songo Island 10% complete at February 2014. Footings and foundations for gas compression plant underway at end of February,…
Nyuni Exploration Project Bounty will be producing gas for the domestic Tanzania market in 2015 from its Kiliwani North reserves at a net rate of 2 million cubic feet a day (364 boepd) net to Bounty for at least 7 years. As a…
Nyuni Project - Deep Water Targets Although the seismic coverage is limited to the tails of lines in the adjacent block, the Early Cretaceous channels are clearly visible with anomalous amplitudes and possible flat spots directly up…
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