Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (April 2012)
21 slides from Buru Energy's investor presentation, Apr 17, 2012
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) 17 April 2012 Corporate Presentation Buru Energy Limited (“Buru” or
Slide 2: Corporate Update April 2012
For personal use only Corporate Update April 2012
Slide 3: Buru Energy – Investment Proposition
Buru Energy – Investment Proposition Enormous Buru acreage spread in the most exciting onshore Australian basin For personal use only “Company Maker” Ungani frontier oil discovery has transformed the conventional exploration potential of the basin Multi TCF tight gas resources defined with hig
Slide 4: Corporate Snapshot
Corporate Snapshot Activity provides continuing re-rating potential Quick Facts • Listed on Australian Securities Exchange (ticker BRU), For personal use only Share price (13 April 2012) $2.69 included in S&P ASX 300 index effective March 2012 Shares 234,219,477 • Tightly held shareholder register t
Slide 5: Acreage Position
Acreage Position Large and expanding acreage position in Australia’s most prospective onshore basin For personal use only • Net equity acreage position of ~14 million acres (~58,000 sq km) with high permit equities and operatorship • Acquired four new permits in last six months via work program bids
Slide 6: Canning Superbasin – Underexplored and Highly Prospective
Canning Superbasin – Underexplored and Highly Prospective Huge underexplored Palaeozoic Superbasin For personal use only (a Superbasin is a composite basin made up of a number of smaller basins) • Significant conventional and unconventional potential • Many historic small gas and oil discoveries • H
Slide 7: Conventional Potential
Conventional Potential “Company Maker” oil discovery at Ungani • Ungani oil discovery in late 2011 opened a new For personal use only play type with substantial regional potential • Conventional good quality reservoir • Appraisal drilling program planned following 3D seismic acquisition • Huge “runn
Slide 8: Ungani Oil Discovery
Ungani Oil Discovery Ungani oil discovery a “game changer” for the Superbasin For personal use only • Substantial oil column (+50m) in very high quality dolomite reservoir confirmed by two wells • High flow rates on initial cleanup (+1,600 bpd) • Excellent quality 37 degree black oil • Potential res
Slide 9: Canning Superbasin Unconventional – Regional and Tight Gas
Canning Superbasin “Unconventional” – Regional and Tight Gas The US Energy Information Agency (“EIA”) identifies the Canning Superbasin as having For personal use only the largest “shale” or unconventional gas potential in Australia • Independent consultant NSAI reviewed the potential for Buru • Bur
Slide 10: Canning Superbasin – Unconventional Potential
Canning Superbasin – Unconventional Potential Four major unconventional plays in the Superbasin – Buru is currently concentrating on For personal use only two: • Laurel Formation – very widespread, thick and gas mature with significant liquids content. New and existing wells confirm a basin centred
Slide 11: Major Gas Resources – Laurel BCGA
Major Gas Resources – Laurel BCGA Major tight gas accumulation with regional basin centred extent For personal use only • Laurel Formation is a thick, regionally extensive package of sands, shales and limestones with in excess of 1,300 meters of gas saturations in recent wells • Mud gas shows over u
Slide 12: Laurel Wet Gas Accumulation - Yulleroo
Laurel Wet Gas Accumulation - Yulleroo Yulleroo wet gas field has major resources and is on the pathway to development For personal use only • Conventional/tight gas resource in Laurel Formation • Discovered in 1967, not appraised until 2008 (typical Canning Superbasin sequence) • Successful trial r
Slide 13: Laurel Wet Gas Accumulation - Valhalla
Laurel Wet Gas Accumulation - Valhalla Valhalla is part of the Laurel Formation regional basin centred gas accumulation For personal use only • The Valhalla area accumulation covers at least 6,000 sq kms (1.5 million acres) on Buru acreage • Regional extent of accumulation identified by: ‒ Valhalla-
Slide 14: Major Oil and Gas Potential – Goldwyer Shale
Major Oil and Gas Potential – Goldwyer Shale Goldwyer Shale Formation - thick, regionally extensive organic rich shale, “Bakken” For personal use only analogue • Proven potential in Buru's acreage from well intersections, and Buru analysis work • Thick, organic rich shales in the oil window grading
Slide 15: Aggressive 2012 Appraisal and Exploration Program
Aggressive 2012 Appraisal and Exploration Program 2012 program a complementary mix of exploration and appraisal For personal use only • 2 rigs operating • Focussed program on highly prospective areas Ungani • 3D seismic • Appraisal/production wells • Target 2P reserves by Q4 2012 Ungani trend • 2 to
Slide 16: Clear Pathway to Commercialisation
Clear Pathway to Commercialisation Buru has a focused and well developed business plan that is being successfully executed by bringing For personal use only resources into production Oil • Oil is immediately producible and profitable • Modest capital requirements • Export system: ‒ current productio
Slide 17: Huge Prospective Resources and Emerging Value
Huge Prospective Resources and Emerging Value Excellent and highly unusual mix of conventional and unconventional prospectivity on a regional For personal use only scale with many plays still to be pursued Conventional resources • “Game changing” Ungani oil discovery • Large acreage position gives “
Slide 18: Committed to Social and Environmental Responsibility
Committed to Social and Environmental Responsibility Buru is committed to ensuring it does not breach its “social licence to operate” by ensuring: For personal use only Exemplary environmental performance • Minimising its impact on the environment and on the communities in which it operates • A proc
Slide 19: Buru Value Proposition
Buru Value Proposition Paradigm shift in the value metric for Buru and the Superbasin For personal use only • Success in 2011 exploration campaign created significant shareholder value • Buru’s share price is underpinned by the Ungani Field and the Laurel Formation BCGA (Yulleroo Field and Valhalla
Slide 20: 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 21: For personal use only
For personal use only Corporate Update April 2012