Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (November 2011)
19 slides from Buru Energy's investor presentation, Nov 14, 2011
Slide 1: ASX Announcement: Corporate Presentation
Buru Energy Limited ABN 71 130 651 437 Level 2, 97 William Street Perth WA 6000 PO Box 7794, Perth Cloisters Square WA 6850 Ph: 61-8 9215 1800 Fax: 61-8 9215 1899 www.buruenergy.com For personal use only ASX ANNOUNCEMENT (ASX: BRU) 14 November 2011 Corporate Presentation Buru Energy Limited (“Buru”
Slide 2: Corporate Update 14 November 2011
For personal use only Corporate Update 14 November 2011 Ungani-1 first oil sale and Ensign Rig#32 crew
Slide 3: Our Story
Our Story • Formed from spinout of Canning Superbasin assets of ARC Energy in 2008 For personal use only • Single and continuing focus on the underexplored Canning Superbasin in northwest Western Australia – original holdings and rights covered the whole Superbasin • Have maintained large acreage ho
Slide 4: Corporate Snapshot
Corporate Snapshot Buru provides material leverage for investors Quick facts For personal use only Tightly held stock Share price: A$1.13 (as at 11 Nov 2011) • ~50% held by top 20 shareholders Shares on issue: 213,963,477 • Four substantial shareholders (≥5% each) Options (warrants): 33,637,000 (unl
Slide 5: Our Vision
Our Vision To be the biggest domestic oil and gas producer in Western Buru’s Canning Superbasin vision Australia (“WA”) with LNG as a long term goal, and to supply a For personal use only significant proportion of WA’s oil needs in the short term Oil • Oil is immediately producible and profitable. C
Slide 6: Canning Superbasin Geological Setting
Canning Superbasin Geological Setting Enormous potential for conventional and unconventional oil and gas in the proven petroleum systems in the Superbasin (a For personal use only Superbasin is a composite basin made up of a number of smaller basins) Perspective view of Ordovician – Silurian: Thick,
Slide 7: Canning Superbasin – What Are We Looking For?
Canning Superbasin – What Are We Looking For? Buru is exploring for and appraising conventional and unconventional resources For personal use only Conventional resources Conventional resources and exploration provinces in the Superbasin • Buru has identified a number of discrete sub-basins and hydro
Slide 8: Canning Superbasin – Current Focus Areas
Canning Superbasin – Current Focus Areas Enormous upside for conventional and tight and shale resource plays – current focus on four areas For personal use only Oil production Reserves and resources location • Buru has established production operations with oil infrastructure, storage and supply yar
Slide 9: Ungani-1
Ungani-1 Ungani-1 strong oil flow (~1,600 bopd) has identified a major new play type in a new geological province For personal use only Target • Well drilled on a large structural target with expectation of Laurel Ungani-1 Formation tight gas sand/shale section location • Section much more carbonate
Slide 10: Ungani Field – Appraisal and development
Ungani Field – Appraisal and development The Ungani discovery will be put on production and is being appraised immediately For personal use only Potential volumes • Current large range of uncertainties due to: − uncertainty in oil/water contact i.e. how thick is the oil column – logs not definitive,
Slide 11: Contingent Resources – Yulleroo Field/Pictor Field
Contingent Resources – Yulleroo Field/Pictor Field Yulleroo wet gas field has major resources and is on the pathway to development. Pictor Field appraisal successful For personal use only Yulleroo Field • Conventional/tight gas resource – discovered in 1967, not appraised The Canning until 2008 when
Slide 12: Valhalla-2 Results – Regional Implications
Valhalla-2 Results – Regional Implications Valhalla-2 results have significant positive implications Valhalla-2 regional setting for regional prospectivity For personal use only Valhalla accumulation could be very large • Valhalla structure has a gas charged Laurel Formation section of in excess of
Slide 13: Paradise-1 Deepening
Paradise-1 Deepening Testing the Laurel Formation conventional and Paradise regional setting unconventional gas play For personal use only Target • Testing the Upper and Lower Laurel conventional and unconventional gas reservoirs as intersected in the Valhalla-2 well • The upper part of this prospec
Slide 14: Goldwyer Shale Play
Goldwyer Shale Play ConocoPhillips farming in to explore New Standard’s Goldwyer shale play – international majors now focusing on Australian For personal use only unconventional plays Terms of the Conoco – NSE farm-in • Conoco to fund up to US$109.5 million over four phases of unconventional explor
Slide 15: Forward Drilling Program
Forward Drilling Program The 2011 drilling program will continue during the wet season in areas that have better access – continuous news flow For personal use only 2011 exploration and appraisal program locations Two rig program • Ensign Rig #32 – 4,000 meter capacity, capable of drilling horizonta
Slide 16: Pathways to Success – How Do We Make Money?
Pathways to Success – How Do We Make Money? The development of the identified contingent resources is being done For personal use only in a systematic and stepwise process with Ungani being Timelines developed as it is appraised Build GNP 2014 If Yulleroo is Domgas commercial export Sell Domgas • Th
Slide 17: Significant Achievements
Significant Achievements We are making huge progress – 2 years ago we had no partner, no gas or oil resources, no prospect inventory, no interest from third parties in the Superbasin, and a share price of 18 cents For personal use only Resources Engagement with stakeholders through management and Bo
Slide 18: Disclaimer
Disclaimer Important notice For personal use only This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru"). This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected in these statements ar
Slide 19: November 2011
For personal use only Corporate Update 14 November 2011 Ungani-1 first oil sale and Ensign Rig#32 crew