Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (June 2026)
24 slides from Buru Energy's investor presentation, Jun 9, 2026
Slide 1: Fuelling the Future
For personal use only ASX:BRU Fuelling the Future Material Value Build + Energy Security for Northwest of Western Australia ASX: BRU June 2026 Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Australia (CEFA)
Slide 2: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) and has been authorised for the intended purpose by the Executive Chair of Buru Energy Limited. For personal use only This presentation contains certain statements which may constitute "forward-looking stat
Slide 3: Company snapshot
Company snapshot Rafael Gas Project, Canning Basin, WA Where We Operate Capital Structure For personal use only Rafael - the core and primary focus Shares on issue1 million 1,354 Buru 100% and Operator Market Capitalisation1 A$ million 17.6 Cash1 A$ million 5.0 Conventional gas & liquids (dies
Slide 4: Rafael Gas Project summary
Rafael Gas Project summary High value gas & liquids Rafael Gas Project has no competition as a regional producer of gas, diesel & LPGs. For personal use only (diesel & LPG) Attractive returns and long-term (~20 years) foundation cash flow from 2028/29. business Rafael discovery in 2021, the fi
Slide 5: Rafael Gas Project – competitive advantages
Rafael Gas Project – competitive advantages The regional energy solution For personal use only Existing trucked / imported Rafael Gas Project Benefits gas, diesel & LPG Project Proximity to market 615 - 1,520+ km1 70 – 685 km 2 Delivered cost CO2 CO2 Transport emissions Regional development New mark
Slide 6: Rafael – high value foundation
Rafael – high value foundation Economic Screening1 based on Rafael 1C Resource (P90), 12-month production ramp up, and Key insights production rates of 200 tpd LNG, 69 kLpd diesel (and other associated liquids) and 15tpd LPG for 20 For personal use only years. Assumes 100% Project Economics and “mid
Slide 7: Rafael – large high confidence onshore resource
Rafael – large high confidence onshore resource Ungani Dolomite Depth Structure Map Rafael 1 drilled on 2D seismic in 2021 encountered significant For personal use only gas columns in a large 4-way structural closure. (1) Primary Reservoir Interval (robust base case): Depth (mTVDSS) Crestal T20 Un
Slide 8: Rafael – resource distribution
Rafael – resource distribution Ungani Dolomite Depth Structure Map For personal use only Rafael 1 drilled in late 2021 Depth (mTVDSS) Rafael 1 (2021) Rafael 1 production tested in 2022 3D seismic acquired in 2023 Rafael 2 (Proposed) Rafael 1 fault block only analysis underway - very encourag
Slide 9: Flying Fox - potential significant resource upside
Flying Fox - potential significant resource upside Flying Fox – prospect beneath Rafael For personal use only Prospect: Devonian carbonate target, imaged on recently acquired Rafael 3D, immediately beneath the Rafael 1 discovery, within a faulted closure of 26 km2 and ~370m vertical relief Opportuni
Slide 10: Capital efficient project design
Capital efficient project design Based on high confidence 1C Resource of 85 Bscf For personal use only 2C best estimate (220 Bscf) or the 3C resource case (523 Bscf)1 adds material upside Small footprint, based around the existing cleared Rafael 1 discovery well pad – enabling simple and fast
Slide 11: LNG and liquids plant – proven design
LNG and liquids plant – proven design For personal use only SMR process - workhorse of LNG industry used in many Rafael Gas Project liquefaction installations Generic Single Mixed Refrigerant (SMR) based Small Scale Process Scheme Working to ensure: - strategic and competitive value LNG - value
Slide 12: Rafael location delivers regional supply advantage
Rafael location delivers regional supply advantage For personal use only Horizon Power (WA government-owned entity) - responsible for generating, procuring, distributing, and selling electricity in region. Horizon Power - currently executing the West Kimberley Power Project (WKPP) designed to so
Slide 13: Rafael growth offtake opportunities
Rafael growth offtake opportunities Project Owner Location Road distance Road distance Approx. Notes from Karratha from Rafael daily For personal use only (kms) (kms) demand Thunderbird Mineral Sands mine Sheffield Resources / West Kimberley 730 115 2 TJ/d Natural potential customer due to proximity
Slide 14: Derisked funding through strategic partnership
Derisked funding through strategic partnership CEFA (downstream operator) - finance, build, own and operate Rafael Gas Plant and For personal use only distribute LNG to market US private equity firm with US$40 billion in assets under management. Investments in 89 companies operating (~A$ 150 million
Slide 15: Optimised schedule to capture value pre-FID
Optimised schedule to capture value pre-FID Drill Rafael 2H and Rafael 1 recompletion post-wet season, de-risks operational logistics, rig availability and aligns with the optimised development plan. For personal use only First cashflow targeting late 2028 / early 2029 Value-add activities: 1. Upstr
Slide 16: Buru funding options being assessed
Buru funding options being assessed Buru is working with Carlingford (UK) to facilitate the funding process with potential counterparties and others For personal use only Several options being pursued in parallel Multiple parties entering the Data Room and conducting technical and Status of commer
Slide 17: Portfolio of assets - Ungani oilfield (100%)
Buru has a portfolio of assets - Ungani oilfield (100%) Ungani under care and maintenance since For personal use only August 2023 Produced ~2.3MMbbls of oil to date with ~220,000 bbls remaining Oil was previously sold at a premium to Dated Brent into the Southeast Asian market Evaluating Ung
Slide 18: Portfolio of assets – Mars prospect (100%)
Buru has a portfolio of assets – Mars prospect (100%) For personal use only Prospective Resources (MMbbls)1 Low Best High Stock Tank Oil Initially in Place (STOIIP) 3.0 10.6 21.7 Ultimate Recovery of Oil (UR) 0.7 2.8 6.2 Located 9km from the Ungani Production Facility (UPF), Mars 1 discovery can
Slide 19: Portfolio of assets – Yulleroo (100%)
Buru has a portfolio of assets – Yulleroo (100%) A significant unconventional gas and liquids rich accumulation on the western side of the Canning Basin For personal use only Yulleroo accumulation is defined by four wells - all intersecting thick gas saturated sections with gas below closure mappe
Slide 20: Summary
Summary Rafael Gas Project transforms Buru For personal use only - material foundation long term cash flow within 2 to 3 years - base case on P90 resource - valuable competitive advantages - high value upside opportunities Partnering with CEFA - an existing growing industry participant - build o
Slide 21: Experienced team to deliver
Experienced team to deliver Mr David Maxwell Project For personal use only Executive Chair from 8 May 20261 Development Support >35yrs strategy, gas commercialisation, risk and asset management Ms Joanne Williams Leaders with deep industry Executive Director from 8 May 20261 experience and a track >
Slide 22: Back-up
For personal use only ASX:BRU Back-up Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Australia (CEFA)
Slide 23: Rafael - a large, onshore high confidence resource
Rafael - a large, onshore high confidence resource Rafael 1 drilled on 2D seismic in 2021 encountered W E Depth (mSS) Rafael 1 Rafael 2H significant gas columns in a large 4-way structural closure. planned Drilled For personal use only for early (1) Primary Reservoir Interval (robust base case): 202
Slide 24: Contact details
For personal use only David Maxwell – Chair Paul Bird – CFO Buru Energy Limited Level 2, 16 Ord Street West Perth, Western Australia 6005 PO Box 1903 West Perth WA 6872 Email: info@buruenergy.com Phone: 1800 337 330 Website: www.buruenergy.com ASX:BRU