Bounty Oil & Gas NL Annual General Meeting 27 November 2013 CEOs Report Philip F Kelso
Highlights Australia Bounty has successfully delineated and de-risked the Azalea Prospect in AC/P 32 (BUY 100%) Timor Sea, ready for farmout Azalea contains 511 million barrels of oil (MMbo) in place in the Puffin Sand reservoir…
Highlights Tanzania The Kiliwani North gas field (But 10%) is now scheduled for production in early 2015 Bounty will produce 364 barrels of oil equivalent (boe) per day from this well Planning to drill the 500 BCF gas Fanjove…
Year on Year Comparison 40 Financials 35 30 25 A Millions 20 15 2013 2012 2011 10 5 0 Total Assets Net Assets Current Assets Petroleum Sales Cashflow 4
Project Review What are we going to review Strategy Performance Way Forward 2014 15 Bounty Projects Overview SW Queensland Oil Production Kiliwani North Gas Commercialisation Nyuni Block Stratigraphic Gas Leads AC/P 32 Timor…
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…
Performance Bounty Daily Production by Field 90.00 Oil 80.00 Naccowlah bopd Utopia bopd Participated in two successful development wells at Utopia 70.00 Downlands Boped drilled in early 2013, and 60.00 In a further 4…
Way Forward 2014 - 15 Oil Ongoing development and appraisal drilling at Naccowlah (SW Qld) Ongoing development and appraisal drilling at Utopia (SW Qld) Appraisal Drilling PL 2, Surat Basin Qld Production and testing of oil leg at…
Bounty Projects Overview 10
SW Queensland Oil Production Utopia Field East Pool Depth Structure Irtalie East and Cooroo North West SW Qld Production 2012/13 Utopia 14 drilled early 2103 proved the eastern 80.00 Naccowlah bopd Utopia bopd extension of…
Kiliwani North Gas Commercialisation BUY 10% The new Tanzanian Government gas plant and pipeline to shore to be adjacent to Kiliwani North well head Joint Venture will produce from the 45 BCF Kiliwani North gasfield at a rate of…
Nyuni Block Stratigraphic Gas Leads BUY 5% Recent Exploration by ENI, Anadarko, BG and others offsore Tanzania and Mozambique has discovered over 130 Tcf of gas in structural/stratigraphic traps in deep water turbidite sands, sourced…
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 (light blue) to the excellent Upper sands encountered in Birch 1 (Av.…
Azalea Prospect Sand Body The low impedance (high porosity) sands show up clearly (golden hues) and define the extent of the Azalea prospect The brown and blue tones show where the sand quality is deteriorating and shale…
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 hydrocarbon pools, for example the 30 MMbbl Skua…
Azalea Prospect - Summary Bounty has considerably de-risked this prospect through its seismic reprocessing and inversion work The 511 MMboip Prospect is anticipated to be in excellent, highly porous and permeable sands and is…
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