Buru Energy Ltd · ASX:BRU
Buru Energy — RIU Good Oil and Gas Energy Conference 2025
20 slides from Buru Energy's conference presentation, Sep 10, 2025
Slide 1: RIU Good Oil and Gas Energy Conference Presentation
ASX Announcement ASX Announcement 10 September 2025 RIU Good Oil and Gas Energy Conference Presentation Buru Energy Limited (Buru) (ASX: BRU) is pleased to provide the presentation to be made by the Buru Chief Executive Officer Thomas Nador at the Good Oil and Gas Energy Conference being held today
Slide 2: Rafael Gas Project
For personal use only ASX:BRU Rafael Gas Project Building a gas business to generate near-term foundation long-term cashflow + significant growth opportunities 10 September 2025
Slide 3: 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 Non-Executive Chair of Buru Energy Limited. For personal use only This presentation contains certain statements which may constitute "forward-looking
Slide 4: Company snapshot
Company snapshot Where We Operate Capital Structure For personal use only ▪ Founded in 2008 - a Western Australian oil and gas exploration Shares on issue1 million 1,034.4 and production company. Market Capitalisation1 $ million 21.0 ▪ Focus is the development and Cash2 $ million 2.3 commercialisati
Slide 5: Key messages
Key messages For personal use only 1. Rafael Gas Project delivery transforms Buru Energy 2. Existing resource of 85 Bscf (P90) to 523 Bscf of gas and 1.8 MMstb to 10.6 MMstb (P10) of liquids1 3. Available market with growth 4. Clean Energy Fuels Australia bring ~80% of capital, market and LNG expert
Slide 6: The current Kimberley energy system
The current Kimberley energy system ▪ The Kimberley energy system is outdated and relies on long haul trucked For personal use only or imported LNG and diesel for power generation. This is costly and insecure, and the WA State Government is looking for an alternative from 2028. ▪ Horizon Power (WA g
Slide 7: Rafael Gas Project – part of the future energy mix
Rafael Gas Project – part of the future energy mix Uniquely positioned to replace a Existing trucked / imported Rafael Gas For personal use only legacy, costly and insecure Project Benefits gas and diesel Project energy system in the north of Western Australia that currently Proximity to market 840
Slide 8: Rafael – a significant wet gas discovery
Rafael – a significant wet gas discovery For personal use only • Rafael is 150 km inland (east) of Broome and 50 km from the Ungani oilfield • Rafael - includes a 165m gross thickness of gas bearing reservoir within • Rafael 1 discovery well drilled in EP 428 (Buru 100%) - pool fully mapped on the T
Slide 9: Rafael Gas Project is based on 1C resource
Rafael Gas Project is based on 1C resource! Rafael 1 drilled on 2D seismic in 2021 encountered W E Rafael 1 Depth (mSS) Rafael B significant gas columns in a large 4-way structural closure. For personal use only (Gamma Ray) (Proposed) (1) Primary Reservoir Interval (robust base case): • Crestal T20
Slide 10: Upside from Rafael 2C, 3C and Flying Fox
Upside from Rafael 2C, 3C and Flying Fox Flying Fox – a newly identified prospect beneath Rafael For personal use only Prospect Narrative: Devonian carbonate target, imaged on recently acquired Rafael 3D, immediately beneath the Rafael 1 discovery, within a faulted closure of 26 km2 and ~370m vertic
Slide 11: A simple project design
A simple project design ▪ Project is 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 (on existing cleared Rafael 1 discovery well pad) ▪ No pipeline (trucked LNG and condens
Slide 12: Project commercial model
Project commercial model A$ 150 million to build, own, operate facility and distribute For personal use only product to market US private equity firm with US$40 billion in assets under management. Investments in 89 companies operating across 70+ countries. The company invests in energy, utilities, t
Slide 13: Focus on securing funding for resource appraisal
Focus on securing funding for resource appraisal For personal use only Several options being pursued in parallel to secure funding for Buru is undertaking the appraisal Rafael resource appraisal in 2026 of the Rafael resource, currently planned for Q2 2026. Estimated appraisal cost A$40 million Appr
Slide 14: Project schedule
Project schedule For personal use only Key activities for 2025 – maintain project momentum to first cashflow in Q1 2028 1. Regulatory approvals 2. Agreement making with Traditional Owners 3. Gas / liquids marketing 4. Finalise Rafael B well planning 5. Finalise Rafael 1 recompletion design 6. Upstre
Slide 15: Financial projections
Financial projections For personal use only Based on a 1C Contingent Resource of 85 Bcf of gas and 1.8 mmbls of condensate Economic screening demonstrates 14TJ/d, 250t LNG/250bbls condensate/day. Field Life ~20 years. Equity economics, ungeared in 2025-dollars. significant value: Gas Price A$/GJ (do
Slide 16: Value staircase
Value staircase Now use Indicative For personal only Project Value Major derisking events Achieved Planned Achieved Secure an Planned Updated Rafael Strategic Development upstream resource volumes Agreement with Clean Flying Fox prospect development Project Independent confirm robust 2C Pre-FEED Ene
Slide 17: No better time to develop Rafael
No better time to develop Rafael For personal use only Kimberley energy system is outdated Kimberley energy system is changing ▪ Relies on trucked or imported gas and diesel ▪ WA Government plans to overhaul the Kimberley ▪ Gas: current demand 6 to13TJ/d (seasonal) – trucked up energy system by 2028
Slide 18: Support the journey
Support the journey From … For personal use only to transform Buru Energy from a successful explorer to the developer of a material foundation Kimberley gas business with long-term cashflow and opportunity for further growth 100% owner of Rafael – the only proven significant conventional gas and con
Slide 19: Thomas Z Nador, Chief Executive Officer
For personal use only Thomas Z Nador Chief Executive Officer 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
Slide 20: Drill ready Mars prospect
Drill ready Mars prospect • Located 9km north of the Ungani Production Facility For personal use only in L 20, the Mars Prospect is a series of stacked pays that are defined on high quality 3D seismic data up- dip from interpreted oil pay in the Ungani North 1 well. A’ • Oil produced from the Reeves
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