Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (February 2023)
26 slides from Buru Energy's investor presentation, Feb 14, 2023
Slide 1: Focused on growth
Focused on growth Corporate Update 14 February 2023
Slide 2: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) No representation or warranty, expressed or implied, is made by Buru or any other and has been authorised for release to the ASX by the Non-Executive Chairman. person that the material contained in this pre
Slide 3: Contents
CONTENTS Buru at a glance 4 Board and Management 5 Key Takeaways 7 Key Investment Proposition 8 Strategy 9 Asset Overview Hydrocarbon Business 10 Energy Transition and Expansion Businesses 20 Recap 25 3 February 2023 | CORPORATE UPDATE
Slide 4: Buru Energy Overview
BURU ENERGY OVERVIEW Committed to delivering material growth in the integrated energy business Who we are Founded in 2008, we are an ASX listed diversified energy company focused on exploration and production of hydrocarbon and non-hydrocarbon energy resources in Australia. What we do Key Stats We e
Slide 5: Experienced Board and Management Team
EXPERIENCED BOARD AND MANAGEMENT TEAM Industry experience and proven track record Board Name Commenced Experience Speciality Prior Experience# Non-Executive Chair Mr Eric Streitberg Jul 2008 > 40 years Geology, geophysics ARC Energy Ltd, Discovery Petroleum, Occidental Petroleum, BP Independent Non-
Slide 6: Committed to driving value through growth
Committed to driving value through growth 6 February 2023 | CORPORATE UPDATE
Slide 7: Key Takeaways
KEY TAKEAWAYS Executing a growth strategy across multiple fronts Major Gas High Quality Actively building New Corporate Oil Production Development Exploration Portfolio Energy Businesses Strength • High potential, high • Significant running • Conventional oil • Natural hydrogen and • Experienced boa
Slide 8: Buru Investment Proposition
BURU INVESTMENT PROPOSITION Complementary asset and value streams focused on shareholder returns Dominant position in underexplored onshore Canning Basin with a significant 1 portfolio of exploration and development opportunities. 100% owner and operator of the Rafael discovery – a high quality, liq
Slide 9: Corporate Strategy
CORPORATE STRATEGY Balancing short-medium term returns from hydrocarbon focused business with longer term new energy businesses Find Enable Develop Evolve Pursue energy resources opportunities through with a material complementary other compatible safely and the right partners and interest in produc
Slide 10: Our Hydrocarbon Assets
Our Hydrocarbon Assets 10 February 2023 | CORPORATE UPDATE
Slide 11: Our Assets
OUR ASSETS Enviable operated acreage position to support hydrocarbon exploration, development and energy expansion and transition opportunities Basin Onshore Canning Onshore Carnarvon South Australia Operating Area ~22,000 km2 ~17,600 km2 ~30,000 km2 Granted / Pending* Permits 12 1 / 2* 6* Buru Owne
Slide 12: Canning Basin Oil
CANNING BASIN OIL Asset overview No. of Permits ▪ 5 Production Licences Area ▪ ~1,140 sq km Interest ▪ 50% interest and operator in Ungani Oilfield (JV participants Roc Oil) Ungani Production Facility ▪ 100% interest in Lennard Shelf Key Assets ▪ Ungani Oilfield CY22 Production ▪ ~185,000 bbls trans
Slide 13: Canning Basin Gas
CANNING BASIN GAS Asset overview No. of Permits ▪ 7 Exploration Permits Area ▪ ~21,250 sq km Interest ▪ Interests ranging from 60% - 100% and operator. (JV participant Rey Resources) Key Discoveries ▪ Rafael 1 (~1 TCF contingent conventional wet gas resource) ▪ Yulleroo (~1 TCF contingent tight gas
Slide 14: Recent Acquisition of Origin's Canning Basin Joint Venture Interests
RECENT ACQUISITION OF ORIGIN’S CANNING BASIN JOINT VENTURE INTERESTS Protecting and enhancing the long-term strategic value of Buru’s assets in the Canning Basin Agreement Highlights Agreement Rationale ▪ Provides autonomy and flexibility to aggressively pursue the commercialisation of the Rafael ▪
Slide 15: Rafael – A Major Conventional Gas and Condensate Discovery
RAFAEL 1 – A MAJOR CONVENTIONAL GAS AND CONDENSATE DISCOVERY A potential world scale conventional resource on the doorstep of SE Asia Rafael 1 well was drilled in 2021 on a large structure with gas encountered in three zones. The well is located in EP 428, 100% owned and operated by Buru Energy. Raf
Slide 16: Rafael – The Potential Size of the Prize
RAFAEL 1 – THE POTENTIAL SIZE OF THE PRIZE A significant development opportunity for domestic and international supply On an energy equivalent basis, Rafael contingent resource equates to ~190 mmbbls1 of oil at 3C level. Domestic Resources are potentially sufficient to provide large-scale domestic o
Slide 17: Rafael – Multiple Commercialisation Options Investigated
RAFAEL 1 – MULTIPLE COMMERCIALISATION OPTIONS INVESTIGATE D Concept screening and definition work underway Commercialisation studies/activities ongoing in parallel with field operations Ammonia Industrial chemical, planning. 1 feedstock, fuel 1.5 MTPA Multiple paths for commercialisation: ➢ Export t
Slide 18: Rafael – Next Steps
RAFAEL 1 – NEXT STEPS Restarting field activity in 2023 Initial flow testing in 2022 demonstrated excellent quality gas with less than 2% inerts (CO2) and rich condensate (light oil) of 40 barrels per million cubic feet with no pressure depletion or reservoir boundaries observed. Initial well test r
Slide 19: Carnarvon Basin
CARNARVON BASIN Underexplored prospective basin, close to infrastructure Asset overview No. of Permits ▪ 1 Exploration Permit ▪ 2 Exploration Licence application areas Area ▪ ~17,600 sq km Interest ▪ 25% non-operator. (JV participant Energy Resources (Mineral Resources Ltd) with 75%) Basin entry rat
Slide 20: Our energy transition and expansion businesses
Buru recognises the shifting sentiment from fossil fuels, whilst acknowledging they will be part of the energy mix for decades to come. The Company’s active participation in the energy transition economy is vital to ensuring it remains relevant and commercially viable in the future. Our Eric Streitb
Slide 21: Natural Hydrogen Exploration and Development
NATURAL HYDROGEN EXPLORATION AND DEVELOPMENT Hydrogen is an essential element of a future decarbonised energy system Asset Overview Permits ▪ Preferred applicant for 6 Petroleum Exploration Licences (PEL) ▪ Preferred applicant for 2 Gas Storage Exploration Licences (GSEL) Area ▪ ~30,000 sq km Intere
Slide 22: Natural Hydrogen Exploration and Development
NATURAL HYDROGEN EXPLORATION AND DEVELOPMENT Applying geological IP to develop a low cost, zero carbon energy solution 2H Resources has established a major presence in one of the most prospective areas in Australia for natural hydrogen and is moving quickly to evaluate these areas. Natural hydrogen
Slide 23: Carbon Capture and Storage (CCS) - GeoVault
CARBON CAPTURE AND STORAGE (CCS) - GEOVAULT A key component of any realisable path to net zero by 2050 CCS is a process of capturing carbon dioxide (CO2) before it enters the atmosphere, transporting it, and storing it in underground geological formations. GeoVault’s objective is to consolidate the
Slide 24: Battery Minerals Exploration
BATTERY MINERALS EXPLORATION Applying geological IP to explore for minerals required for energy storage Battmin subsidiary formed to apply Buru’s geological knowledge and extensive petroleum exploration activity in the Canning Basin to the exploration of minerals formed by similar processes, and oft
Slide 25: Key Takeaways Recap
KEY TAKEAWAYS RECAP Significantly undervalued with complementary assets and value streams Dominant position in underexplored onshore Canning Basin with a significant 1 portfolio of exploration and development opportunities. 100% owner and operator of the Rafael discovery – a high quality, liquids ri
Slide 26: Buru Energy Limited
Buru Energy Limited Level 2, 16 Ord Street West Perth Western Australia 6005 PO Box 1903 West Perth WA 6872 Phone: 1800 337 330 Email: info@buruenergy.com