HIGH IMPACT INTERNATIONAL ANNUAL GENERAL MEETING EXPLORATION & PRODUCTION DECEMBER 18, 2014
CORPORATE PROFILE Financial Basic / FD Common Shares Outstanding (TSX:BNG) 64.7MM / 69.2MM Insider Holdings 24% Total Debt 14.8MM Enterprise Value 0.19/share (December 15, 2014) 27MM Q2 2015 Funds Flow from Operations (FFO) 1.5MM…
BENGAL LEADERSHIP TEAM Management Board of Directors Chayan Chakrabarty, PhD (Pet Eng), MBA - Ian Towers, P.Eng Chairman President, CEO & Director Dolomite Energy President, CEO & Director Formerly Daylight Resources, Verenex, Ross…
DEFINED BUSINESS STRATEGY Explore across high-graded and high-impact permits in a EXPLORE diversified portfolio Continue to high-grade and refine/focus portfolio Further de-risk at the prospect level APPRAISE Expand pool…
ASSET OVERVIEW Assets in proven, producing basins 1.9MM Large and under-explored acreage offers significant growth opportunity gross acres total High potential impact without typical international risk Well-established…
BENGALS COOPER BASIN PERMITS BARTA Cooper Cuisinier Basin (Non-Op.) Cuisinier BARROLKA (Operated) TOOKOONOOKA (Operated) WOMPI (Non-Operated) THE COOPER BASIN OPPORTUNITY WITH ATTRACTIVE ECONOMICS The Cooper basin…
LARGE FOOTPRINT FOR FUTURE GROWTH Australia Capital Program - 12 wells in 12 Months BARTA 9 plus wells plus 2 to 3 contingent wells (10 wells) planned targeting up to 2.1 MMbbls BARROLKA recoverable(1) Seismic: 300 km2 3D…
BARTA PERMIT: CUISINIER (PL 303) Barta Permit equals 344,218 acres(1) PL 303 15,815 acres(1) 18 wells drilled to date all oil 2014 Phase Two appraisal and development program now underway Phase Two includes 2 development, 3…
WOMPI PERMIT (ATP 752) Nubba 1 was drilled by Santos on ATP 752 in which Bengal has a 38.08% interest to test several Jurassic oil plays that are producing in the Bowen field Five different Jurassic sands had oil shows with a…
TOOKOONOOKA PERMIT (ATP 732P) Very large permit covering 654,000 acres yet KENMORE 13.6 MMSTB(1) sparsely drilled only 10 wells drilled to date. Potential for a new oil fairway, located in an underexplored area between two prolific…
TOOKOONOOKA, NEW 3D PRELIMINARY INDICATIONS New 300 sq. km 3D acquired by Beach Energy Preliminary data now under review with baseline interpretation in progress Numerous prospects and leads emerging Hutton target Example…
BARROLKA PERMIT (ATP 934) Permian Structure Map Real Energy has drilled two Permian gas TANBAR 1 MARAMA MARAMA1 ST1 1 exploration wells in ATP 927P. ATP 927P Real Energy: 100% Log data suggests 67m of net pay in CLINTON 1…
INDIA OVERVIEW & CAUVERY BASIN BENGALS CY-ONN-2005/1 BLOCK 946 km 2 INDIA 30% working interest Light oil prone (35 - 52 API) Bengals CY-ONN-2005/1 600 km2 3D completed Block Near-term, high impact drilling - 3 wells planned in…
INDIA: CAUVERY PROSPECTS (1) CAUVERY 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 targets located in a Cretaceous syn-…
2014 OPERATIONAL CATALYSTS(1) Exploration - Funded through Cash Flow Tookoonooka Onshore India Min. of 1 well 3 wells (1 carried well) (exploration) Q4 Q1 Q2 Q3 2014 2015 2015 2015 Cuisinier 5 wells + (2 3) Contingent…
CORPORATE RESERVES GROWTH: INDEPENDENT EVALUATION ANNUAL PROVED PLUS PROBABLE(1) NET PRESENT VALUE OF RESERVES 10% RESERVES (MBOE) DISCOUNT FACTOR(1) (MM) AS AT YEAR END MARCH 31, AS AT YEAR END MARCH 31, 104% 150% growth year…
VALUE CREATION FOR SHAREHOLDERS PRODUCTION PER SHARE GROWTH (NET)(1) NET AVERAGE DAILY PRODUCTION VOLUMES(1) AS AT YEAR END MARCH 31 AS AT YEAR END MARCH 31 Average daily production per million Production growth directly 547…
INDUSTRY - LEADING CORPORATE 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…
BUILDING THE VALUE CHAIN Grow existing production base through high return drilling and DEVELOP development projects in the Cuisinier producing field Extend pool boundaries and expand 2P & 3P reserves in the APPRAISE producing…
WHY BENGAL Significant upside based on existing 2P reserves value High impact near-term catalysts CASH FLOW Drilling 5 additional development oil wells in Cuisinier Field GROWTH Exploration drilling on Tookoonooka supported by new…
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ENDNOTES Slide 16 (1) Source: Estimated recoverable reserves data complied from IHS EDIN India general fields database Slide 17 (1) Timing, magnitude and scope subject to weather, JV partnership, rig and land access availability,…
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…
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