THE TIME IS NOW HIGH IMPACT INTERNATIONAL EXPLORATION & PRODUCTION APRIL 2014
BENGALS KEY FEATURES International oil & gas company with attractive cash Operating netbacks: flows and growing reserves complemented by highly prospective, high impact exploration assets 88/bbl (1) Oil production from prime acreage…
WHY NOW 15 well drilling program through next 12 months, High margin, strong cash generating commencing March 2014: largest in companys operations history Numerous high-impact drilling catalysts across multiple properties offer…
UPCOMING OPERATIONAL CATALYSTS(1) Q2 Q3 Q4 Q1 2014 2014 2014 2015 Cuisinier Wompi 4 wells Phase 1 1 well (exploration) Onshore India Tookoonooka 3 wells Minimum of (exploration) 1 well Cuisinier Cuisinier (1 carried well)…
INDUSTRY - LEADING OPERATING NETBACKS International Focused, Canadian Listed E&P Companies Operating Netbacks(2) Bengal produces /boe 90 Ultra-Light Oil 40.98 80 Average operating (52 API) netback of universe of 70 select…
COOPER BASIN OPPORTUNITY Large oil in place Large and premium acreage is under-explored & pools with limited under-exploited: offers significant growth opportunity development to date offers upside Transfer of knowledge and…
LARGE FOOTPRINT FOR FUTURE GROWTH Australia Capital Program - 12 wells in Next 12 Months BARTA 8 development/appraisal targeting up to (10 wells) 2.1 MMbbls recoverable(1) 4 exploration wells targeting 24 MMbbls TPIIP(1,2)…
BARTA PERMIT: CUISINIER (PL 303) CUISINIER FIELD 14 wells drilled to date all oil 0 METER 3966 Pre-2013 wells 3D seismic used to high-grade 2014 locations 2013 wells Every incremental 100bbl/d adds 2.5-3MM PL 303 annual…
ATTRACTIVE ECONOMICS IN CUISINIER Average Well PAYOUT: 1.3yrs 250 Producing Rate (bbl/d) 200 : 2.8X 150 RECYCLE RATIO(2) 100 50 IRR: 94% 0 0 25 50 75 100 125 150 Cumulative Production (Mbbl) 6 of 14 wells have avg.…
EXPANDING FROM CUISINIER BASE - BARTA RUNNING ROOM STRONG PROSPECT INVENTORY 2013 Cuisinier North 3D 6 independent structures 220 km2 identified on 3D for exploration drilling 1st well Proposed 2015 3D 250 km2 Wicho Wicho in…
CUISINIER NORTH EXPLORATION CANDIDATE TARGETING HUTTON Structure offsetting Wicho-1 Proposed well drilled in 1987 - Location encountered oil shows in WICHO-1 (1987) Basal Jurassic & Hutton. Structural closure offsetting Wicho-1…
ORGANIC GROWTH WOMPI (ATP 752) 20+ prospects / leads identified JARRAR COOROO 1735 MSTB 2648 MSTB One exploration well in 2014, 210+ km2 of 3D in 2015 2014 location offsetting Moderate risk exploration in Bowen Field on 3D well…
TOOKOONOOKA PERMIT (ATP 732P) KENMORE 13.6MMBbls(1) COOPER BASIN EASTERN FLANK New 3D 300 km2 IPUNDU 4.3MMBbls(1) Located between the Jackson (48 MMbbls oil) and the Kenmore/Bodalla (20 MMbbls oil) fields* Hydrocarbon shows in…
TOOKOONOOKA (ATP 732): GO FORWARD PLANS Risk Mitigation Steps Migration: Migration - Establish Establish oil oil migration migration into into the the block block from from source source Wyandra Wyandra at at Caracal-1…
INDIA: CAUVERY PROSPECTS CAUVERY 3D Seismic showing potential pool area BASIN (1) 600 km2 of 3D shot & interpreted; 3 drill locations finalized (1) Each location tests different play type in different part of permit All…
3D Seismic showing potential pool area CAUVERY ONSHORE COCHISE PROSPECT Main target is Lower Cretaceous syn-rift Andimadam sandstone sequence Productive immediately north of permit Cochise Prospect is analogous to North…
CORPORATE SNAPSHOT Financial Basic / FD Common Shares Outstanding (TSX:BNG) 64.7MM / 69.2MM Insider Holdings 23.0% Total Debt 9.8MM Enterprise Value 0.44/share 40MM Last quarter Funds Flow from Operations (FFO), annualized 11.6MM…
BENGAL PRODUCTION & FUNDS FLOW GROWTH NET AVERAGE DAILY PRODUCTION VOLUMES Production growth directly linked QUARTERLY ACTUALS (BOE/D) + FUNDS FLOW (000S) to Cuisinier drilling 600 3,500 Natural Gas (boe/d) 518 496 Crude Oil &…
NOW IS THE TIME. 15 well drilling program through next 12 months, CASH FLOW commencing March 2014: largest in companys GROWTH history Numerous high-impact drilling catalysts across CATALYST multiple properties offer short and…
ENDNOTES Slide 2 (1) Operating Netback in Australia in Fiscal Q3, 2014 of 88.61/bbl Slide 4 (1) Timing, magnitude and scope subject to weather, JV partnership, rig and land access availability, availability of capital and seismic…
ENDNOTES Slide 10 (1) Source: State of Queensland Department of Employment, Economic Development and Innovation (DEEDI) (2) TPIIP means Total Petroleum Initially in Place, which is defined on page 25 under Fundamental Resource…
ENDNOTES Slide 17 (1) Based on independent, qualified reserves evaluator GLJ Petroleum Consultants Ltd.s report dated March 31, 2013 entitled Reserves Assessment and Evaluation of Oil and Gas Properties Corporate Summary, prepared in…
FUNDAMENTAL RESOURCE DEFINITIONS Total Petroleum Initially-In-Place (TPIIP) is that quantity of petroleum that is estimated to exist originally in naturally occurring accumulations. It includes that quantity of petroleum that is…
CAUTIONARY STATEMENTS Analogous Information: Certain noted drilling, completion, production, reserve and resource data provided in this document may constitute analogous information under applicable securities legislation, such as…
BENGAL LEADERSHIP TEAM Management Board of Directors Chayan Chakrabarty, PhD (Pet Eng), MBA - Ian Towers, P.Eng Chairman President, CEO & Director Dolomite Energy; Former President & CEO, Rio Alto President, CEO & Director…
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