Investorium SeminarInvestorium SeminarThe Basement ‐ Sydney 

4 February 2013ASX Code: BUY

CEO

Philip F Kelso

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Bounty Oil & Gas NL – Major Growth Projects with Production Base

Oil f h lf $1 03 illi (H lf 2011 $1 29 illi ) ith• Oil revenue for half year $1.03 million (Half 2011: $1.29 million) with 2013 increases from SW Queensland expected

• Current assets at December 2012 exceed $6 million

• Oil Business strategy on track to provide further growth:‐– Bounty extends term for 100% owned AC/P32, Timor Sea with potential

20 80 illi bbl il t t t Wi t i W t– 20 – 80 million bbl oil target at Wisteria West 

– Development drilling about to commence to test potential 1.8million bblsl(gross) at Utopia, Queensland

• Gas/Condensate Business:‐– Bounty completes acquisition of Key Petroleum’s 5% equity in the Kiliwani

North Development Block, Tanzaniap ,

– Conventional gas upside in Surat Basin

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Issued Equity and Capital Summary 

As at 4-Feb-13

52 Week Price Range $0 016 to $0 04352 Week Price Range $0.016 to $0.043

Shares Quoted 838,400,982

Unlisted Options @ $0.024 20,000,000

Fully Diluted 858,400,982

ASX Closing Price $0.02

M k t C it li ti $16 7 illiMarket Capitalisation $16.7 million

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BUY –Reserve and Resource Summary 

B t Oil & GBounty Oil & GasPetroleum Reserves/Resources

MMbo Gas BCF MMboeProducing Fields (Technically Recoverable 2P) 1.12 1.12Contingent Resources (Pmean) 0.17 2.25 0.58Contingent Resources (Pmean) 0.17 2.25 0.58Prospective Resources (Possible Extent of Known Oil) 4.79 4.79

Prospective Resources (Pmean) UndiscoveredNyuni Tanzania 238 43AC/P 32 Timor Sea 76 76PEP 11 132 24

Total Undiscovered 76 370 143

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Year on Year Comparison

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35 

Financial

2.50 

Shares

25 

30 

2.00 

20 

$ Millions

2012

1.50 

Cents 2012

2011

10 

15 A$ 2012

2011

1.00 

5 

0.50 

‐

Total Assets Net Assets Current Assets

Petroleum Sales

Cashflow

‐

Share price Earnings per Share 

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Strategy

Oil Drill prospect inventory in Cooper and Surat Basins, pursue further  Fiscal

Sector Operations Objective

OilBusiness

p p y p , pprospects with 3D seismic and continue development and near field exploration drilling in SW Queensland

Fiscal Stability

GasBusiness

1. Bring on stream 10% owned Kiliwani North (Tanzania) and continue with exploration drilling in this globally significant gas play

2. Renew Surat Basin production from Downlands 3. Expand gas and oil land bank in Surat Basin

Revenue Boost 2014+

p g

Growth1. Pursue high impact 100% controlled 20 – 80 mmbbl oil targets in 

AC/P 32 Timor Sea

Massive Return toGrowth AC/P 32 Timor Sea

2. Chase huge gas targets in PEP 11 offshore  Sydney Basin Return to 

Shareholders

Unconv‐entional

Shale oil play in Patterson Trough WATight oil in Surat Basin, QLDDeep CSG in Surat Basin, QLD

Long Term Resource Play

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Oil Production SW Queensland

Utopia Field

Cooper/Eromanga Basin Projects

/ • Production kept steady by new discoveries Irtalie East and Watson South coming on stream strongly at Naccowlah

• Successful appraisal well Irtalie East 3 60.00

70.00

80.00Naccowlah bopd Utopia bopd

Production FY 2011/12

returned 10 metres of pay in Hutton and oil in the Westbourne

• 3D seismic at Utopia has outlined pools with potential for 8 MMbo

• Drilling about to commence at Utopia20.00

30.00

40.00

50.00

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• Drilling about to commence at Utopia

• Anticipate 3 – 5 development/appraisal wells in 2013 to continue production

0.00

10.00

Jul‐1

1

Aug

‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

Feb‐12

Mar‐12

Apr‐12

May‐12

Jun‐12

Jul‐1

2

Aug

‐12

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Utopia Current Drilling

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Surat Basin SW QLD Exploration and Production

Farawell 3D

Downlands Gas Plant

Targets

Prospective Recoverable MMboP10 P50 P90 Mean

Mardi Boxvale 0 42 0 21 0 08 0 24Mardi Boxvale 0.42 0.21 0.08 0.24Eluanbrook Showgrounds

0.28 0.19 0.12 0.2

Total 0.7 0.4 0.2 0.44

9Targeting Oil along the SW margin fairway

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Nyuni Block Tanzania  ‐ Nyuni 2 Well Site

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Kiliwani North Gas Commercialisation – BUY 10%

• Tanzanian Government approved construction of new pipeline and gas plant to Songo Songo Island financed by Chinese LoanSongo Songo Island financed by Chinese Loan

• Government plans involve production from Kiliwani North at a rate of 20 million cubic feet per day in early 2014 (2 MMcfg/d or 364 boepd net to BUY)

• Structural prospects targeting same top Neocomian Play total 1.8 Tcf gas Pmean

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Nyuni Block Stratigraphic Gas Leads – BUY 5%

Lead 3 Seismic Amplitude Anomaly and Flat Spot

BCF GasP90 P50 P10 Pmean

Lead 3 Pande 220 792 2840 1303

Stratigraphic Targets

• Recent Exploration by ENI, Anadarko, BG and others has discovered over 100 Tcf of gas in structural/stratigraphic 

Nyuni Seismic Stratigraphic Leads East220 792 2840 1303

Other Leads 1054 1375 1495 1317

Total 1274 2167 4335 2620

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p y , , g / g ptraps in deep water turbidite sands, sourced from adjacent river deltas

• Bounty has several significant leads in the same units within the Nyuni PSA which are marked by strong seismic amplitude anomalies and other direct indicators of hydrocarbons with targets of 2.6 TCF gas.

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AC/P 32 High Impact Oil Exploration – BUY 100%

East Swan Acoustic Impedance Anomalies

Azalea Sand Probability – Sand body with y yAnomalous Amplitudes

Targets:East Swan 16 – 40 MMboAzalea 20 – 80 MmboOthers 20 – 30 MMbo

• Bounty is targeting large stratigraphic prospects with anomalous seismic amplitudes especially in the Puffin Sand up dip from the Puffin Field and the Birch 1 oil accumulation

• Contract signed ‐ work has commenced on seismic reprocessing and detailed study of 

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seismic and amplitude v offset characteristics to predict fluid content

• Once substantially derisked farmin partners will be sought to drill a wellTuronian Channels

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Surat Basin Unconventional Oil and Gas 

Wallabella Coal ATP 470P thick high resistivity and gassyWallabella Coal ATP 470P, thick, high resistivity and gassy

• Wallabella Coal deep CSG to be tested in drilling FarawellProspect in 2013

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Prospect in 2013

• Bellbird Sand awaiting renewal of ATPBellbird Sand ATP 552P ATP 754P and PL 2, hydrocarbon shows and oil to surface

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Unconventional Shale Oil Paterson Trough Carnarvon Basin WA

• Drilling into the Paterson TroughDrilling into the Paterson Trough returned oil cut from shales in the Dingo Claystone 

• Source rocks TOC in the range 1 ‐ 2.5%

• Dingo Claystone in the Trough is in the oil generation window

• US company farmed into to drill unconventional well at Paterson East

• And drill 5MMbo Bee Eater 1 exploration well

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Disclaimer

This presentation contains forward looking statements that are subject to risk factors associatedThis presentation contains forward looking statements that are subject to risk factors associatedwith the oil and gas industry. It is believed that the expectations reflected in these statementsare reasonable but they may be affected by a range of variables which could cause actual resultsor trends to differ materially, including but not limited to: product price fluctuations, actuald d fl i h i l f d illi d d i l il ddemand, currency fluctuations, geotechnical factors, drilling and production results, oil and gascommercialisation, development progress, operating results, engineering estimates, reserveestimates, loss of market, industry competition, environmental risks, physical risks, legislative,fiscal and regulatory developments, economic and financial markets conditions in variouscountries, approvals and cost estimates.

All references to dollars, cents or $ in this document are Australian currency, unless otherwiset t dstated

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