Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (May 2020)
18 slides from Buru Energy's investor presentation, May 7, 2020
Slide 1: Corporate Update | May 2020
For personal use only CORPORATE UPDATE | May 2020 (ASX:BRU) 1
Slide 2: Positioned for Growth
Positioned for Growth Strategically Prudent and deliberate strategy to be prepared for For personal use only positioned volatility. Strong balance A$30mm cash at end Q1 2020, minimal debt ($2mm sheet due 31 December 2020). Expenditure All exploration and capital expenditure discretionary, control no
Slide 3: Positioned for Growth
Positioned for Growth Conservative Business structured with continuing strong cash For personal use only strategy position with only discretionary activity. Unsurprised by Commodity business always volatile. Board and Volatility management experienced and adaptable to cycles. Quick and decisive Corp
Slide 4: Ungani
Ungani Production being maintained at ~1,500 bopd For personal use only Next lifting from Wyndham storage tank by Petro Diamond in mid-May (~75,000 barrels) Final lifting under existing contract with Petro Diamond Next tank fill by early July which will be subject to spot market lifting terms Workin
Slide 5: The Canning Basin - prospectivity
The Canning Basin _ prospectivity Underexplored onshore basin with For personal use only significant conventional oil potential High graded portfolio of gross ~20,600 sq kms / 5.1 million acres (4.6 million net acres) Long term secure tenure with no immediate drilling commitments High impact explora
Slide 6: The Canning Basin overview
The Canning Basin overview Largest onshore sedimentary basin in Western Australia For personal use only Thick sequences of Ordovician to Early Triassic sediments with multiple petroleum systems Discovered Blina and Ungani Oilfields in dolomitic reservoirs, and a number of smaller fields in the overl
Slide 7: Outstanding Exploration Potential
Outstanding Exploration Potential – better diagram High graded overlapping large For personal use only scale exploration provinces Numerous look alike prospects to existing discoveries New play types with world scale potential Contiguous large scale permits provide extensive running room for new pla
Slide 8: Prospects Funnel
Prospects Funnel The portfolio has substantial For personal use only depth and variety with a range of prospect maturity and will be added to as exploration progresses Over 20 prospects identified with many more leads 6 drill ready prospects Evaluation of the portfolio is ongoing as part of the busi
Slide 9: Emerging conventional carbonate oil province
Emerging conventional carbonate oil province High quality vugular dolomite reservoirs with For personal use only multi Darcy permeabilities and high quality oils Ungani Field - Ungani Dolomite reservoir in early stage of development (~1,500 bopd with continuing development underway) Blina Field - fi
Slide 10: Clastic conventional oil province at early stage exploration
Clastic conventional oil province at early stage exploration Reeves For personal use only Emerging play recognised along southern margin of the basin following oil recovery at Ungani Far West 1 Upside potential in erosional remnant play (Dorado setting equivalent) in the underlying Anderson Fm Ander
Slide 11: Emerging plays
Emerging plays New play types/ prospective areas emerging For personal use only from ongoing regional basin evaluation Western carbonate trends with large leads on sparse seismic Large Central Basin anticlines with stratigraphic upside and untested deep clastic potential Southern flank pinnacle reef
Slide 12: Condensate rich tight gas and oil resources
Condensate rich tight gas and oil resources World Scale condensate rich tight gas resources Laurel Formation basin centered tight gas - Canadian For personal use only Montney equivalent High liquids content (+30bbls/mmcf) Successful play proving vertical fracs completed ~700 BCF 2C Contingent Resour
Slide 13: Forward Plan
Forward Plan Winston Churchill: “Never let a good crisis go to waste” For personal use only Ensure lowest cost production and highest recovery from Ungani Maximise value from Continue work on undeveloped and legacy resources existing resources Drive value from existing gas resources Value adding exp
Slide 14: Financial and Corporate
Financial and Corporate ORDINARY SHARES ON ISSUE ~432M For personal use only MARKET CAPITALISATION ~$38M CASH (AS OF 31 MAR 2020) ~$30M DEBT (AS OF 31 MAR 2020) ~$2M ASX:BRU ~50% SOPHISTICATED AND REGISTER INSTITUTIONS ~7% MANAGEMENT AND DIRECTORS $0.39 TURNOVER ~8M SHARES PER MONTH May, 2018 0.45 $
Slide 15: Why Invest?
Why Invest? For personal use only EXISTING OIL HIGHLY STRONG BALANCE CAREFULLY PRODUCTION AND PROSPECTIVE SHEET AND CASH POSITIONED TO DRIVE INFRASTRUCTURE, EXPLORATION FLOW FROM VALUE: STRONG PROVEN GAS AREAS WITH PRODUCTION BALANCE SHEET. RESOURCES WORLD SCALE PROVEN RESOURCES PROSPECTS AND LARGE
Slide 16: Authority for this announcement
Authority for this announcement For personal use only This announcement has been authorised for release by: Eric Streitberg, Executive Chairman Contact person for this announcement: Eric Streitberg, Executive Chairman Contact phone number: 1800 337 330 Contact email address: info@buruenergy.com Qual
Slide 17: Important Notice
Important Notice This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru"). For personal use only This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected in these statements are reasonabl
Slide 18: For personal use only
For personal use only LEVEL 2, 16 ORD STREET WEST PERTH INFO@BURUENERGY.COM WESTERN AUSTRALIA 6005 1800 337 330 BURUENERGY.COM CORPORATE UPDATE | March 2020 (ASX:BRU) 18