Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (April 2026)
24 slides from Buru Energy's investor presentation, Apr 22, 2026
Slide 1: ASX Announcement: Investor Webinar Presentation
ASX Announcement ASX Announcement 22 April 2026 Investor Webinar Presentation Buru Energy Limited (Buru, Company) (ASX: BRU) is pleased to provide its Investor Webinar Presentation. The presentation will be made by the Buru Energy CEO, Thomas Nador and Non-Executive Chair, David Maxwell, on Wednesda
Slide 2: Rafael Gas Project: Fuelling the Future
For personal use only ASX:BRU Rafael Gas Project Fuelling the Future: Compelling Project Economics + Energy Security for Northwest of Western Australia Webinar Presentation 22 April 2026 Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Au
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 Shares on issue1 million 1,003 ▪ Focused on the development and Market Capitalisation2 A$ million 17.0 commercialisation of the Rafael Gas Cash1 A$ million 2.0 Project, based on Buru’s wholly Debt A$ million nil owned and oper
Slide 5: Rafael Gas Project Summary
Rafael Gas Project Summary High value gas ▪ Rafael Gas Project is a market disruptor and has no competition as a regional producer of hydrocarbon- business with based fuel. For personal use only 1 condensate plus LPG significant ▪ Attractive returns and long-term (~20 years) foundation cash flow fro
Slide 6: High value business
1 High value business Economic Screening 1 based on Rafael 1C Resource with initial 12-month production ramp up, and maximum Key insights production rates of 200 tpd LNG, 69 kLpd condensate and 15tpd LPG for 20 years. Based on 100% Project For personal use only Economics and “mid-case” LNG, condensa
Slide 7: Rafael - a large, high confidence resource
2 Rafael - a large, high confidence resource Rafael 1 drilled on 2D seismic in 2021 encountered W E Rafael 1 Depth (mSS) Rafael 2H significant gas columns in a large 4-way structural closure. For personal use only Drilled planned for early 2027 (1) Primary Reservoir Interval (robust base case): • Cr
Slide 8: Significant potential for further resource upside
2 Significant potential for further resource upside Flying Fox – A 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 Opport
Slide 9: Capital efficient project design
3 Capital efficient 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 (based around the existing cleared Rafael 1 discovery well pad – enabling sim
Slide 10: Location delivering regional supply advantage
4 Location delivering regional supply advantage For personal use only ▪ Horizon Power (WA government-owned entity) is responsible for generating, procuring, distributing, and selling electricity in region. ▪ Horizon Power is currently executing the West Kimberley Power Project (WKPP) which is design
Slide 11: Growth offtake opportunities for Rafael
4 Growth offtake opportunities for Rafael Project Owner Location Road distance Road distance Approx. Notes For personal use only from Karratha from Rafael daily (kms) (kms) demand Thunderbird Mineral Sands Sheffield Resources West Kimberley 730 115 2 TJ/d Natural potential customer due to proximity
Slide 12: Derisked funding through strategic partnership
5 Derisked funding through strategic partnership CEFA (downstream operator) to finance, build, own and operate For personal use only LNG facility and distribute product US private equity firm with US$40 billion in assets under management. Investments in 89 companies operating to market (~A$ 150 mill
Slide 13: 2026 design-led insights create more value
6 2026 design-led insights create more value For personal use only ▪ The SMR process is the workhorse of the LNG industry Rafael Gas Project : Generic Single Mixed Refrigerant (SMR) based Small Scale Process Scheme used in many liquefaction installations. ▪ Process flow modelling confirms Robust val
Slide 14: Optimised schedule to capture value pre-FID
6 Optimised schedule to capture value pre-FID Shifting Rafael 2H and Rafael 1 recompletion to post-wet season, de-risks operational logistics, better rig availability and aligns with the optimised development plan. For personal use only First cashflow targeting late 2028 / early 2029 Value-add activ
Slide 15: Funding and optionality update
Funding and optionality update The Rafael Gas Project is a vital asset for regional energy security. Buru and Carlingford (UK) continue to facilitate the funding process For personal use only with potential counterparties. Several options being pursued in parallel ▪ Multiple parties entering the Dat
Slide 16: Experienced team to deliver
Experienced team to deliver Mr David Maxwell Project For personal use only Currently Independent Non-Executive Chair Development Support Executive Chair from 8 May 2026 >35yrs strategy, gas commercialisation, risk and asset management Ms Joanne Williams Leaders with deep industry Currently Independe
Slide 17: Questions and Answers
For personal use only ASX:BRU Questions and Answers Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Australia (CEFA)
Slide 18: Pre-webinar questions
Pre-webinar questions For personal use only • Why were shareholders not informed of the upside information but sophs were in the latest offer to them? • Why no SPP for existing holders with the recent raising? • The announcement on 17 April 2026 said that the Placement SPP will be announced on 17 Ap
Slide 19: Pre-webinar questions
Pre-webinar questions For personal use only • While the technical identification of additional liquids and LPG product streams is a welcome development, I am struggling to reconcile the "increased value" narrative with the cold maths of the recent placement. The company has reported that these engin
Slide 20: Appendix: Portfolio of Assets
For personal use only ASX:BRU Appendix 1 Portfolio of Assets Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Australia (CEFA)
Slide 21: Buru has a portfolio of assets - Yulleroo
Buru has a portfolio of assets - Yulleroo 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 mapped on 3D
Slide 22: Buru has a portfolio of assets - Ungani oilfield
Buru has a portfolio of assets - Ungani oilfield For personal use only ▪ Ungani under care and maintenance since 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. ▪ Success at nearfie
Slide 23: Buru has a portfolio of assets - Mars prospect
Buru has a portfolio of assets - Mars prospect 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), discovery at Mars 1 would und
Slide 24: For personal use only
For personal use only David Maxwell – Chair Thomas Nador – CEO 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