Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (December 2020)
16 slides from Buru Energy's investor presentation, Dec 21, 2020
Slide 1: Corporate Update December 2020
For personal use only CORPORATE UPDATE | December 2020 (ASX:BRU) 1
Slide 2: Positioned for Growth
Positioned for Growth Tier 1 asset Basin wide high graded exploration portfolio. For personal use only portfolio Existing oil production and major gas resources Strong balance Projected A$20mm cash at 31 December 2020, no sheet debt, high value farmin concluded Fast tracked Agreed drilling program f
Slide 3: Ungani
Ungani Western Australian company based in For personal use only Perth with office and facilities in Broome Listed on ASX – market cap ~A$40mm (US$30mm) Permit areas in the Canning Basin of ~22,000 sq kms (5.4 million acres) gross with 2.6 million net acres after farmout Strong balance sheet (A$20mm
Slide 4: Ungani
Ungani Conventional oilfield with excellent quality vugular dolomite For personal use only reservoirs and high quality oil Buru 50% and Operator with Roc Oil 50% Production targeted at ~1,000 bopd with field in natural decline Oil is sold FOB into the spot market under contract with BP Secure oil ex
Slide 5: The Canning Basin prospectivity
The Canning Basin _ prospectivity Farmin by Origin confirms the 2021 For personal use only exploration program Origin earning 50% across all Buru 100% exploration permits and 40% in southern EP457/458 permits Commitment to fund $16 million carry of two exploration wells (Rafael 1 and Kurrajong 1) Al
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 aged sediments with multiple petroleum systems Discovered Blina and Ungani Oilfields in dolomitic reservoirs, with a number of smaller fields in the
Slide 7: Outstanding Exploration Potential
Outstanding Exploration Potential – better diagram High graded, overlapping, large For personal use only scale exploration provinces 2021 drilling program focused on large dolomite reservoir plays at Rafael and Kurrajong 2021 seismic program of +1,000 km for prospect delineation and also regional gr
Slide 8: Emerging conventional carbonate oil province: Rafael 1
Emerging conventional carbonate oil province Very large, well defined For personal use only structure on good quality Rafael 1 2D seismic Over 450 metres of mapped closure (world scale) Interpreted excellent seal over the reservoir Potential Devonian aged reef with giant analogues Oil sourced from G
Slide 9: Emerging conventional carbonate oil province: Kurrajong 1
Emerging conventional carbonate oil province Large structure well defined For personal use only Kurrajong 1 by good quality 3D seismic with +200m of closure Regional closure with major upside and follow-up outside the drilling location fault block Good quality reservoir proven along trend (Ungani an
Slide 10: Emerging plays
Emerging plays New play types/ prospective areas emerging For personal use only from ongoing regional basin evaluation. Seismic programs currently being finalised but proposed targets a mixture of play types. Western carbonate trends with large leads on sparse seismic (Roebuck Survey) Large Central
Slide 11: Condensate rich tight gas and oil resources
Condensate rich tight gas and oil resources World Scale condensate rich tight gas resources For personal use only Laurel Formation basin centered tight gas - Canadian Montney equivalent High liquids content (+30bbls/mmcf) Successful play proving vertical fracs completed Best Estimate Prospective Res
Slide 12: Financial and Corporate
Financial and Corporate ORDINARY SHARES ON ISSUE ~432M For personal use only MARKET CAPITALISATION ~$40M FORECAST CASH 31 DEC 2020 ~$20M (WITH NO DEBT) ~5% DIRECTORS & MANAGEMENT REGISTER ~45% SOPHISTICATED & INSTITUTIONS TURNOVER ~12M SHARES PER MONTH ASX:BRU $0.39 May, 2018 0.45 $0.15 0.40 Capital
Slide 13: Why Invest?
Why Invest? For personal use only EXISTING OIL HIGH POTENTIAL STRONG BALANCE POSITIONED TO DRIVE PRODUCTION AND EXPLORATION SHEET AND CASH VALUE: LARGE SCALE INFRASTRUCTURE, PROGRAM ON FLOW FROM EXPLORATION, STRONG PROVEN GAS WORLD SCALE PRODUCTION BALANCE SHEET, RESOURCES PROSPECTS PROVEN RESOURCES
Slide 14: 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 15: 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 16: Contact details
For personal use only LEVEL 2, 16 ORD STREET WEST PERTH INFO@BURUENERGY.COM WESTERN AUSTRALIA 6005 1800 337 330 BURUENERGY.COM CORPORATE UPDATE | DECEMBER 2020 (ASX:BRU) 16