Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (April 2021)
15 slides from Buru Energy's investor presentation, Apr 30, 2021
Slide 1: Experienced oil producer unlocking the value of petroleum resources in the Canning Basin
For personal use only Experienced oil producer unlocking the value of petroleum resources in the Canning Basin INVESTOR PRESENTATION April 2021
Slide 2: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) and has been authorised for release to the ASX by the Executive Chairman. This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectation
Slide 3: Snapshot
Snapshot Large contiguous land holdings in the Canning ✓ Basin (~22,000 sqkm) with onshore Carnarvon For personal use only expansion • Low cost, onshore, underexplored basins (cf Waitsia) • Large prospect inventory with extensive running room High impact 2021 exploration program ✓ • Ensign Rig 963 s
Slide 4: Oil Value Drivers
Oil Value Drivers Macro EIA - warns of shrinking of global • World consumption back to pre-COVID spare capacity supply cushion in For personal use only levels and predicted to increase the absence of more upstream • 100mmbbls a day (Dorado sucked dry in spending 1.7 days) • Exploration fallen off a
Slide 5: The Canning Basin Overview
The Canning Basin Overview Biggest onshore WA Basin • Very underexplored because of the sheer scale For personal use only • Buru has the controlling acreage interests and infrastructure • Operated in the Basin for many years with excellent stakeholder relations Excellent Prospectivity • Blina and Un
Slide 6: Farmins Kickoff 2021 Exploration Program
Farmins Kickoff 2021 Exploration Program Origin Farmin For personal use only • Origin earning 50% across all Buru 100% exploration permits and 40% in southern EP457/458 permits • Buru operator of the permits and the program • Origin commitment to fund $16 million carry of two conventional oil explor
Slide 7: Near Term Exploration
Near Term Exploration Drilling program commencing shortly on world class conventional oil prospects – Total potential resources ~100mmbbls conventional oil (Buru 50%(Operator)/Origin 50%) For personal use only Kurrajong 1 (Buru 50% and Operator) • Large structure mapped on 3D seismic • Ungani Oilfie
Slide 8: Program Timing and Rig
Program Timing and Rig LOI signed for Ensign 963, program on track for June spud of Kurrajong 1 For personal use only Confirmed three well program • Two exploration wells and one development well at Ungani (Ungani 8) • Extensive invitation to tender (ITT) process concluded with Letter of Intent (LOI
Slide 9: Oil Monetisation
Oil Monetisation Ungani Oilfield model development For personal use only • Conventional oilfield with excellent quality vugular dolomite reservoirs and high quality oil • Buru 50% and Operator with Roc Oil 50% • Production targeted at ~1,000 bopd • Potential for production increases through current
Slide 10: Canning Basin Portfolio Depth and Breadth
Canning Basin Portfolio Depth and Breadth Conventional Oil • Mean prospective resources in current drilling For personal use only program ~100mmbbls • Extensive portfolio of mapped prospects and leads on the rest of acreage Gas • 2C contingent resources (Yulleroo) ~700 bcf, up to 6TCF further potent
Slide 11: Carnarvon Basin Expanded Footprint
Carnarvon Basin Expanded Footprint New permit awarded • Bid block L20-1 onshore Carnarvon Basin For personal use only • 50/50 Joint Venture between Buru Energy and Mineral Resources Limited (ASX:MIN; MRL) with Buru Energy as operator • Permit is immediately adjacent to MRL’s proposed Ashburton Infra
Slide 12: Integrated Energy and Portfolio Expansion
Integrated Energy and Portfolio Expansion Gas Transition Eric Streitberg – Executive Chairman: • Integrated solar and gas project in pre-feasibility For personal use only “The Company is also cognisant of the shifting • Gas available for the feedstock for Blue Hydrogen production sentiment from foss
Slide 13: Financial and Corporate
Financial and Corporate BOARD CAPITAL STRUCTURE For personal use only Eric Streitberg Executive Chairman Share price (28 April) $0.20 Ordinary shares on issue ~432M Joanne Kendrick Non-Executive Director MARKET CAPITALISATION ~$86M Malcolm King Non-Executive Director Cash ~$20M (no debt) Samantha To
Slide 14: Why Invest?
For personal use only Why Invest? EXISTING OIL NEAR TERM HIGH STRONG BALANCE POSITIONED TO DRIVE PRODUCTION AND POTENTIAL SHEET (NO DEBT) VALUE: LARGE SCALE INFRASTRUCTURE, EXPLORATION AND CASH FLOW EXPLORATION, PROVEN PROVEN GAS PROGRAM ON FROM PRODUCTION RESOURCES, EXTENSIVE RESOURCES WORLD SCALE
Slide 15: Experienced oil producer unlocking the value of petroleum resources in the Canning Basin
For personal use only Experienced oil producer unlocking the value of petroleum resources in the Canning Basin INVESTOR PRESENTATION April 2021