Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (September 2023)
25 slides from Buru Energy's investor presentation, Sep 7, 2023
Slide 1: ASX Announcement: Corporate Presentation
ASX Announcement 7 September 2023 Corporate Presentation Buru Energy Limited (Buru) (ASX: BRU) is pleased to provide its latest corporate presentation. The presentation made by the Buru Chief Executive Officer Thomas Nador at the Good Oil Conference held today in Perth. Authorisation This ASX announ
Slide 2: Energising the future of the Kimberley
Energising the future of the Kimberley 7 September 2023
Slide 3: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) No representation or warranty, expressed or implied, is made by Buru or any other and has been authorised for release to the ASX by the Non-Executive Chairman. person that the material contained in this pre
Slide 4: Buru Energy Overview
BURU ENERGY OVERVIEW Committed to delivering material growth as an integrated energy business Who we are Founded in 2008, we are an ASX listed diversified energy company focused on exploration and production of hydrocarbon and alternative energy resources in Australia. Buru has been the most active
Slide 5: Our Assets
OUR ASSETS Strategic operated acreage position to support exploration, development and energy transition and expansion opportunities Onshore Canning Basin, WA Adelaide Superbasin, SA Yulleroo Operating Area ~22,000 km2 ~30,000 km2 Granted / Pending* Permits 12 (7 EPs, 5 PLs) 8* Buru Ownership 60-100
Slide 6: Why Invest in Buru?
WHY INVEST IN BURU? Complementary asset and value streams focused on shareholder returns 1 2 3 4 5 Major Gas High Quality Part of the New Corporate Conventional Oil Development Exploration Portfolio Energy Ecosystem Strength ▪ 100% owner of first ▪ Significant running ▪ 100%1 owner of ▪ Unparalleled
Slide 7: Pursuing the first conventional gas development in the Kimberley
1 PURSUING THE FIRST CONVENTIONAL GAS DEVELOPMENT IN THE KIMBERLEY With full ownership of the Rafael discovery, focus is on commercialising the resource and securing a development partner A potential world scale Feasibility studies confirm Disciplined execution A seriously underexplored conventional
Slide 8: Rafael – A significant conventional gas and condensate discovery
1 RAFAEL 1 – A SIGNIFICANT CONVENTIONAL GAS AND CONDENSATE DISCOVERY The Eureka moment for Buru, the Kimberley and the Western Australian resource industry Rafael 1 well was drilled in 2021 on a large structure with gas encountered in three zones. Rafael geology is a proved Canning Basin play type w
Slide 9: Rafael – A game changing discovery in the Canning Basin
1 RAFAEL 1 – A GAME CHANGING DISCOVERY IN THE CANNING BASIN Current 3D seismic survey will provide confirmation of structure size and confirm potential gas column extent Waitsia (Perth Basin) Rafael (Canning Basin) 350m Gas column height 165m (proven) to 630m (potential) 830 bcf (2P) Recoverable gas
Slide 10: Rafael is stand-alone commercial, even at this early stage
1 RAFAEL IS STAND -ALONE COMMERCIAL, EVEN AT THIS EARLY STAGE Concept work to date confirms credible phased development with CCS as an enabler PHASE 1 PHASE 2 Small-scale LNG for LNG for local consumption + Methanol or Ammonia or Export (FLNG/NWS) + + + + Condensate Condensate Condensate Condensate
Slide 11: Phase development – transformation of the Kimberley energy system
1 PHASE 1 DEVELOPMENT – TARGETING THE TRANSFORMATION OF THE KIMBER LEY ENERGY SYSTEM Domestic hybrid LNG and renewables for power generation with condensate export Develop a small footprint, scalable LNG supply stream, complemented by Objective 50% renewable energy supply via solar and battery stora
Slide 12: Phase development – resource appraisal driven options
1 PHASE 2 DEVELOPMENT – RESOURCE APPRAISAL DRIVEN OPTIONS Building on Phase 1 to deliver a large-scale project with Carbon Capture & Storage Methanol Ammonia LNG Export First Production: 2029 2029 2029 Project Life: 20 years 20 years 10 years No. of wells: 5 – 10 5 – 10 Up to 12 Gas flow rate: 55 -
Slide 13: Disciplined approach to Rafael value creation
Development Partner 1 DISCIPLINED APPROACH TO RAFAEL VALUE CREATION Shortlist 3D Fast-track The transformation from gas explorer to developer and producer interpret’n Complete 3D seismic Near Term Objectives Commit to Confirmed LLIs for 2024 phased appraisal Create and maintain value ahead of Develo
Slide 14: Execution strategy to mitigate subsurface uncertainty
1 EXECUTION STRATEGY TO MITIGATE SUBSURFACE UNCERTAINTY Phased development to deliver early cashflows on known resource, and significant upside on appraisal success Activity 2023 2024 2025 2026 2027 2028 2029 VALUE CREATION Fast track results available Acquire & 3D Seismic Interpret Resource Convert
Slide 15: Canning Basin pipeline of leads and prospects
2 CANNING BASIN PIPELINE OF LEADS AND PROSPECTS A seriously underexplored sedimentary basin the size of France ▪ Recent reprocessing of 2021/22 seismic data and well information has provided significant insights Rafael 3D ▪ Prospects and leads to seismic survey underpin a targeted future exploration
Slide 16: Canning Basin conventional oil
3 CANNING BASIN CONVENTIONAL OIL Full ownership of the Ungani Oilfield provides Buru with strategic optionality Asset overview No. of Permits ▪ 5 Production Licences Area ▪ ~1,140 sq km Interest ▪ 100%1 interest in the Ungani Oilfield, and the only oil production infrastructure in the Canning Basin
Slide 17: Buru is part of the new energy ecosystem
4 BURU IS PART OF THE NEW ENERGY ECOSYSTEM Leveraging Buru competency and IP, subsidiary companies established to actively participate in the energy transition ▪ Aims to be a pre-eminent operator in the identification, development and ▪ Actively developing the geological expertise to ensure 2H Resou
Slide 18: Experienced board and management team
5 EXPERIENCED BOARD AND MANAGEMENT TEAM Deep industry experience and proven track record Mr Eric Streitberg Mr Thomas Nador Non-Executive Chair CEO Geology, geophysics, commercial Strategy, development, commercial Ms Joanne Kendrick Mr Paul Bird Independent Non-Executive Director CFO and Company Sec
Slide 19: Buru investment proposition - recap
BURU INVESTMENT PROPOSITION - RECAP Backed by a strong balance sheet, complementary asset and value streams focused on shareholder returns Dominant position in underexplored onshore Canning Basin with a significant 1 portfolio of exploration and development opportunities. 100% owner of the Rafael di
Slide 20: Thank you Q&A
Thank you Q&A 19 7 September 2023 | Good Oil Conference
Slide 21: Buru Energy Limited
Buru Energy Limited Level 2, 16 Ord Street West Perth Western Australia 6005 PO Box 1903 West Perth WA 6872 Phone: 1800 337 330 Email: info@buruenergy.com
Slide 22: Backup Presentation Material
Backup Presentation Material 21 7 September 2023 | Good Oil Conference
Slide 23: Phase development – methanol option
1 PHASE 2 DEVELOPMENT – RESOURCE APPRAISAL DRIVEN OPTION 1 Phase 1 plus Methanol production for export with CCS as enabler Facilitate the development of a small (0.5 MTPA) to large (1.0 MTPA) Objective methanol production facility, supported by CCS to meet export and local demands, including as an a
Slide 24: Phase development – ammonia option
1 PHASE 2 DEVELOPMENT – RESOURCE APPRAISAL DRIVEN OPTION 2 Phase 1 plus Ammonia production for export with CCS as enabler Facilitate the development of a small (0.5 MTPA) to large (1 MTPA) Objective ammonia production facility, supported by CCS to meet the needs of export markets, including as an al
Slide 25: Phase development – small-scale FLNG option
1 PHASE 2 DEVELOPMENT – RESOURCE APPRAISAL DRIVEN OPTION 3 Phase 1 plus small-scale FLNG production for export with CCS as enabler Facilitate the development of a compact, regionally located Floating LNG Objective (FLNG) facility, in conjunction with onshore condensate and LPG processing. Resource H