THE TIME IS NOW HIGH IMPACT INTERNATIONAL EXPLORATION & PRODUCTION JULY 2014
WHY NOW Continuing 15 well drilling program through next 12 High margin, strong months: largest in companys history cash generating 4 oil wells drilled in Cuisinier 2014 Phase One development operations program yielded 100%…
HISTORY OF STRONG RESERVES GROWTH Proved Plus Probable Working Interest Company Reserves Growth(1) 4 Year CAGR: MBOE 4,000 3,500 3,778 97% 3,000 2,500 Reserve growth driven by drilling and 2,000 1,698 development activities…
UPDATE - 2014 YEAR END RESERVES(1) Highlights Include: 149% increase in NPV10 of Bengals 2P reserves value: to 101 MM Compared to 41MM at year end 2013 1P WI reserves of 1.7 MMBOE (up 122% from 2013) Equals total 2P reserves in…
INDUSTRY - LEADING OPERATING NETBACKS International Focused, Canadian Listed E&P Companies Overall Corp. Operating Netbacks(2) Bengal produces /boe 90 Ultra-Light Oil 40.98 80 Average operating (52 API) netback of universe of…
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 12 Months 8 development/appraisal targeting up to BARTA (10 wells) 2.1 MMbbls recoverable(1) 4 exploration wells targeting 24 MMbbls TPIIP(1,2) Seismic:…
BARTA PERMIT: CUISINIER (PL 303) Barta Permit equals 344,217 acres(1) 0 1,632 METERS PL 303 15,814 acres(1) 18 wells drilled to date all oil PL303 14 wells on production; 4 wells awaiting completion & tie-in (expected through Q4…
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.…
CUISINIER ADDING PER SHARE VALUE & GROWTH Cuisinier Value & Murta DC70 Pool Size Growth Gross Pool TPIIP Growth(1) MMB BLS 60.0 CDN 1.80 215%4 year CAGR 50.0 Gross Pool TPIIP (1) 1.50 10% NPV Reserve Value 2P 10% NPV/share…
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 Wicho Wicho drilled (Koki), 2nd well…
CUISINIER NORTH EXPLORATION CANDIDATE TARGETING HUTTON Structure offsetting Wicho-1 Wicho East well drilled in 1987 - encountered oil shows in WICHO-1 (1987) Basal Jurassic & Hutton Structural closure offsetting Wicho-1 mapped on…
ORGANIC GROWTH WOMPI (ATP 752) 20+ prospects / leads identified JARRAR COOROO 1735 MSTB 2648 MSTB One exploration well and 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 24% Total Debt 9.8MM Enterprise Value 0.62/share (July 1, 2014) 45MM 2014 Funds Flow from Operations (FFO) 8.2MM Total…
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) Crude Oil & Liquids…
NOW IS THE TIME. 15 well drilling program through next 12 months, CASH FLOW commenced 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 Q4, 2014 of 79.98/bbl Slide 3 (1) Based on independent, qualified reserves evaluator GLJ Petroleum Consultants Ltd.s report dated March 31, 2014 entitled Reserves…
ENDNOTES Slide 10 (1) Based on independent, qualified reserves evaluator GLJ Petroleum Consultants Ltd.s report dated March 31, 2014 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…
APPENDIX: 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…
APPENDIX: UPDATE - 2014 YEAR END RESERVES TOTAL CORPORATE GROSS RESERVES SUMMARY (AUSTRALIA + CANADA) LIGHT AND NATURAL GAS NATURAL GAS TOTAL MEDIUM OIL LIQUIDS (Mbbl) (MMcf) (Mbbl) (MBOE) Reserves Category Proved Developed…
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