HIGH IMPACT INTERNATIONAL CORPORATE PRESENTATION EXPLORATION & PRODUCTION FEBRUARY, 2015
INVESTMENT HIGHLIGHTS Strong and growing reserves base in a light oil pool High-quality light oil with top tier operating netbacks & gas assets in low- Material production and cash flow growth potential risk, stable countries:…
CORPORATE PROFILE Financial Basic / FD Common Shares Outstanding (TSX:BNG) 64.7MM / 68.2MM Insider Holdings 24% Total Debt 17 MM Enterprise Value 0.22/share (Feb 18, 2015) 29MM Q3 2015 Funds Flow from Operations (FFO) 1.3MM Est.…
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 Large and under-explored acreage offers significant growth opportunity 1.9MM 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 2 appraisal and 2 development oil wells drill and awaiting tie-in and completion BARTA (10 wells) Seismic: 300 km2 3D covering light oil BARROLKA prospects Additional…
BARTA PERMIT: CUISINIER (PL 303) Barta Permit equals 344,218 acres(1) PL 303 15,815 acres(1) 23 wells drilled to date 22 oil Phase Two drilling program expanded the pool, further increasing reserves and will add production Every…
WOMPI PERMIT (ATP 752) Wompi offers Bengal moderate risk exploration in a well-established, oil- producing fairway with multi-zone potential Nubba 1,drilled by Santos on ATP 752 (Bengal 38.08%) tested several Jurassic oil plays…
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…
TOOKOONOOKA, NEW 3D PRELIMINARY INDICATIONS Preliminary data now under review with baseline interpretation in progress Numerous prospects and leads emerging Hutton target Example Tigris Prospect, primary Hutton target with…
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 km2 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 Each location tests different play type in (1) different part of permit All targets located in a Cretaceous syn-…
2015 OPERATIONAL CATALYSTS(1) Exploration - Funded through Cash Flow Tookoonooka Onshore India Min. of 1 well 3 wells (1 carried well) (exploration) Q1 Q2 Q3 2015 2015 2015 Cuisinier 5 wells (Phase 2 drilling…
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…
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 Exploration drilling on Tookoonooka supported by new 300 sq. km. 3D GROWTH Drilling 3 wells as early as H2 calendar 2015…
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