Buru Energy Ltd · ASX:BRU
Buru Energy — Australian Energy & Battery Minerals Investor Conference 2018
14 slides from Buru Energy's conference presentation, Mar 14, 2018
Slide 1: ASX Release: Corporate Presentation
ASX Release For personal use only 14 March 2018 Corporate Presentation Attached is a corporate presentation made today by Buru Energy’s Executive Chairman at the Australian Energy & Battery Minerals Investor Conference. Visit www.buruenergy.com for information on Buru Energy’s current and future act
Slide 2: Eric Streitberg, Executive Chairman
Eric Streitberg For personal use only Executive Chairman 14 March 2018
Slide 3: Investment drivers
Investment drivers For personal use only Profitable oil producer Long life early stage field Basin wide acreage position Excellent exploration portfolio Near term high potential exploration
Slide 4: Who are we?
Who are we? ▪ Local ASX listed ▪ Mkt cap ~$130 million For personal use only ▪ ~30 staff based in Perth and Broome ▪ Extensive oil and gas exploration permit holder in the Canning Basin (gross 5.4 mm acres) ▪ Long term local operator of all permits ▪ Profitable oil producer from Ungani Oilfield ▪ Oi
Slide 5: What do we do – Oil production
What do we do – Oil production Ungani Oilfield ▪ Conventional oilfield discovered in 2011 For personal use only ▪ First oil discovery since the 80’s in the Kimberley ▪ 70 km east of Broome ▪ High quality oil (37 deg API), high flow rate conventional reservoir ▪ Easy and simple production and storage
Slide 6: Ungani Field development
Ungani Field development Q2 2017 For personal use only ▪ Production restart ▪ 1,000 bopd Q4 2017 ▪ Install ESP’s ▪ Upgrade facilities ▪ 1,500 bopd Q4 2017 ▪ Drill and complete Ungani 4/5 Q2 2018 ▪ Hookup and produce Ungani 4 and 5 ▪ Phase 3 facility upgrade ▪ Target 3,000 bopd Field currently shutin
Slide 7: Ungani Oilfield – Commercial
Ungani Oilfield – Commercial Commercial ▪ Production rate target of 3,000 bopd For personal use only ▪ Minimal increase in fixed field opex as production rate increased Sales ▪ Crude is sold FOB Wyndham to Trafigura at fixed discount to Brent FTA quad with ~880 bbls Crude tanker at Wyndham Port ▪ Th
Slide 8: Exploration Drilling Program
Exploration Drilling Program Targeting Ungani Dolomite ▪ Drilling large “lookalikes” to Ungani and new For personal use only conventional oil plays ▪ Extensive 3D seismic surveys ▪ Defined a prospective area around Ungani and along the geological trend for over 200 kms ▪ Planned exploration program
Slide 9: Unconventional Gas and Oil Resources
Unconventional Gas and Oil Resources Laurel Tight Gas ▪ Major gas accumulation in the For personal use only geological centre of the basin ▪ Stretches from east of Broome to west of Fitzroy crossing ▪ Has been best defined at Yulleroo 70km east of Broome ▪ Requires fraccing to be commercially viable
Slide 10: Funding and Commitments
Funding and Commitments ▪ Cash: ~A$16.9 mm (31 Dec 17) ▪ Debt: Remaining Alcoa debt of $7.5 mm over 3 years For personal use only with repayment profile aligned to forward oil production levels (refer ASX release of 6 July 2017) ▪ Cash flow: At production rate of 1,250 bopd, operating margin of up t
Slide 11: Forward Strategy for value add
Forward Strategy for value add ▪ Oil Production For personal use only • 2017/18 Development Program completed with target of increase of production to 3,000 bopd in second quarter • Potential future development of Broome export facilities to significantly reduce oil transport costs for Ungani and fu
Slide 12: Investment drivers
Investment drivers For personal use only Profitable oil producer Long life field Basin wide acreage position Excellent exploration portfolio Near term high potential exploration
Slide 13: Questions
Questions For personal use only Eric Streitberg Executive Chairman Buru Energy ericstreitberg@buruenergy.com 08 9215 1800 www.buruenergy.com
Slide 14: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru Energy"). This presentation contains certain statements which may For personal use only constitute "forward-looking statements". It is believed that the expectations reflected in these statements are reasonab
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