Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (January 2018)
28 slides from Buru Energy's investor presentation, Jan 19, 2018
Slide 1: Corporate Presentation
Corporate Presentation For personal use only 19 Jan 2018
Slide 2: Overview
Overview For personal use only Company Overview Corporate Exploration - Ungani Trend Exploration - Other Gas
Slide 3: Corporate Overview
Corporate Overview Capital Structure Share Register For personal use only Formed 2008 Ticker ASX:BRU Index S&P/ASX All Ords Shares on Issue ~432 million Share Price ~$0.37 Market Cap ~$160 million Cash on Hand ~$16.8 million as at 31 December Board and Management 12 month price history Eric Streitbe
Slide 4: Buru Structure and Activity
Buru Structure and Activity ✓ 100% ownership of core oil production and exploration permits ✓ Secure title with no commitments to 2023/24 For personal use only ✓ Operatorship of all permits with low level of commitments ✓ Unique basin wide portfolio of gross ~22,100 sq kms / 5.4 million acres (4.6 m
Slide 5: Ungani Oilfield – Overview
Ungani Oilfield – Overview Background ▪ Conventional oilfield discovery in 2011 For personal use only ▪ Play opening discovery in frontier exploration area ▪ High flow rate vugular dolomite conventional reservoir ▪ High quality 37deg API oil, very low GOR ▪ Early stage of development with only ~12%
Slide 6: Ungani Development Schedule
Ungani Development Schedule Q2 2017 ▪ Production restart For personal use only ▪ 1,000 bopd Q4 2017 ▪ Install ESP’s ▪ Upgrade facilities ▪ 1500 bopd Q4 2017/Q1 2018 ▪ Drill, complete and flow test Ungani 4/5 Q1 2018 ▪ Hook up Ungani 4 ▪ Phase 3 facility upgrade ▪ Target 2,000 bopd Q2 2018 ▪ Flowline
Slide 7: Ungani Oilfield – Commercial
Ungani Oilfield – Commercial Commercial ▪ Production rate target of 3,000 bopd will be For personal use only achieved by selective production from existing and new wells to maximise recovery and reduce costs ▪ Current trucking capacity ~1,500 bopd with additional trucks being brought on as new wells
Slide 8: Exploration Prospect Portfolio
Exploration Prospect Portfolio Extensive high prospectivity portfolio ▪ Proven oil play system over 150 kms in 100% acreage For personal use only ▪ Range of prospect sizes up to world class potential ▪ Range of play types from proven Ungani Dolomite and Reeves discovery (UFW) to new high potential c
Slide 9: Gas and Unconventional Oil Resources
Gas and Unconventional Oil Resources Gas Resources (conventional and unconventional) For personal use only ▪ Buru has 100% of the Laurel Formation tight wet gas resources in Central, Northern and Western provinces ▪ Western Gas Province includes the Yulleroo Gasfield that has completed appraisal dri
Slide 10: Corporate
For personal use only Corporate
Slide 11: Community and Government Engagement
Community and Government Engagement Philosophy and practice for both conventional and unconventional activity For personal use only ▪ Education programs based on facts ▪ Support of independent expert advice for communities ▪ Extensive baseline studies & mapping ▪ Continuous, comprehensive and transp
Slide 12: Funding and Commitments
Funding and Commitments ▪ Cash: ~A$16.8 million (31 Dec 17) ▪ Debt: Remaining Alcoa debt of $7.5 mm with repayment profile For personal use only aligned to forward oil production levels of up to three years (refer ASX release of 6 July 2017) ▪ Cash flow: At production rate of 1,250 bopd, export syst
Slide 13: Forward Strategy
Forward Strategy ▪ 2018 Development Program successfully completed with For personal use only target of increase of production to 3,000 bopd in second quarter ▪ Potential for Ungani resource upgrade to support the future development of Broome export facilities to significantly reduce oil transport c
Slide 14: Exploration – Ungani trend
For personal use only Exploration – Ungani trend The following cautionary statement applies to all statements of prospective resources set out in this section and in the presentation generally. The referenced prospective resources are unrisked and calculated using probabilistic methods. Cautionary s
Slide 15: Resource Setting
Resource Setting Oil ▪ High quality conventional reservoirs For personal use only ▪ Two principal petroleum systems ▪ Well defined prospects with systematic exploration program underway ▪ Prospects range from conventional sandstone reservoirs to large dolomite reservoir prospects Gas ▪ Basin-wide ti
Slide 16: Prospect Summary – Rafael (EP428)
Prospect Summary – Rafael (EP428) Very large well defined Ungani Dolomite prospect ▪ Located 50km to the east of Ungani ▪ Well defined by modern good quality 2D seismic data (1km grid) For personal use only ▪ Many similarities to Ungani but much larger and deeper ▪ Laurel oil charge proven along the
Slide 17: Prospect Summary – Kilto (EP436)
Prospect Summary – Kilto (EP436) Well Defined Structural Ungani Dolomite prospect ▪ Located 50km west of Ungani, and 50km from Broome For personal use only ▪ Defined on Kurrajong 3D Seismic (also 2D seismic data) Update ▪ Close to oil source kitchen ▪ Large follow-up trend to the West Reservoir Alon
Slide 18: Prospect Summary – Yakka Munga (EP428)
Prospect Summary – Yakka Munga (EP428) ▪ Major regional structure 11km by 4km, up to 1000m of vertical relief ▪ Top at 2300m (only 200m deeper than Ungani) For personal use only ▪ Large ancillary closure (YM Crest) in overlying Reeves and Anderson section with similar potential ▪ Ungani Dolomite tar
Slide 19: Exploration – Other
For personal use only Exploration – Other The following cautionary statement applies to all statements of prospective resources set out in this section and in the presentation generally. The referenced prospective resources are unrisked and calculated using probabilistic methods. Cautionary statemen
Slide 20: Prospect Summary - Hotdog Prospect (L8)
Prospect Summary - Hotdog Prospect (L8) New play type in Basin - Hydrothermal Dolomite (HTD) ▪ Adjacent to Sundown, Boundary, and Lloyd oil fields For personal use only ▪ Well defined on Bunda 3D ▪ HTDs are associated with major hydrocarbon production in North America ▪ Enhanced secondary porosity i
Slide 21: Oil Prospectivity – Broome Platform Goldwyer
Oil Prospectivity – Broome Platform Goldwyer Goldwyer prospectivity ▪ Broome Platform has extensive shale/reservoir pairs with For personal use only excellent oil source rocks ▪ Recent drilling by Finder Exploration at Theia 1 has defined a “sweet spot” in the Goldwyer Formation with many similariti
Slide 22: Gas
For personal use only Gas
Slide 23: Gas and Unconventional Oil Resources
Gas and Unconventional Oil Resources Gas Resources (conventional and unconventional) For personal use only ▪ Buru has 100% of the Laurel Formation tight wet gas resources in Central, Northern and Western provinces ▪ The current acreage holdings are subsequent to the Buru/Mitsubishi acreage swap in M
Slide 24: Laurel Formation Tight Wet Gas Accumulation – Overview
Laurel Formation Tight Wet Gas Accumulation – Overview Basin-wide tight gas accumulation in the Laurel Formation ▪ Occupies center of Fitzroy Trough – main depocentre of For personal use only Canning Basin ▪ Mixed lithology – silts, shales, sands, limestones ▪ Strong over-pressure from uplift in the
Slide 25: Laurel Formation Tight Gas - Yulleroo
Laurel Formation Tight Gas - Yulleroo Major gas and liquids accumulation on the western side of basin close to Broome and customers For personal use only ▪ Four wells define the accumulation - all intersecting thick gas saturated sections with gas below closure mapped on 3D Yulleroo 2 clean-up flow
Slide 26: Prospect Summary – Butler (EP129)
Prospect Summary – Butler (EP129) Laurel Conventional reservoir play ▪ Best seismic data quality on northern margin with distinct facies interpretation and depositional limit of sand to northeast defined by For personal use only shelf break ▪ Close to oil source kitchen (oil fields and shows in well
Slide 27: 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
Slide 28: For personal use only
For personal use only 28