Buru Energy Ltd · ASX:BRU
Buru Energy — RIU Good Oil Conference 2008
9 slides from Buru Energy's conference presentation, Sep 4, 2008
Slide 1: Company Presentation – RIU Good Oil Conference
Buru Energy Limited Level 4, 679 Murray Street West Perth, Western Australia 6005 PO Box 574, West Perth, 6872 Telephone: 61-8 9480 0631 For personal use only Facsimile: 61-8 9321 0320 ASX ANNOUNCEMENT (ASX: BRU) 4 September 2008 Company Presentation – RIU Good Oil Conference Please find attached pr
Slide 2: For personal use only
For personal use only 1 ¾ Why y is now the time? ¾ What will it take? ¾ What are we doing? ¾ Why we will succeed! 2
Slide 3: Canning Basin – Why now is the time!
Canning Basin – Why now is the time! Ź The Basin has effectively y been “embargoed” g for 20 y years ¾ Exploration in the Basin picked up in the early 80’s with the increase in the oil price ¾ Oil price came off in the mid-80’s followed by the stock market crash in 1987 For personal use only ¾ Just
Slide 4: Canning Basin – Why now is the time!
Canning Basin – Why now is the time! Ź So what has changed? g ¾ Data For personal use only Exploration E l ti in i the th Basin B i missed i d the th digital di it l revolution l ti ini the th industry i d t – Buru B now h has, ffor th the first time, a full basin-wide digital data set ¾ Political t
Slide 5: What will it take? Money and People
Canning Basin – What will it take? Money y and People p Money - Buru has funding for a systematic exploration program of up to 20 wells: For personal use only Ź $84 million in cash ($64 million free cash) Ź Cash to Mkt Cap ratio of >1, Average Industry ratio <0.25 Ź A unique cashed up position going
Slide 6: What are we doing? Comparing to world wide Paleozoic Basins
Canning Basin – What are we doing? Comparing it to world wide Paleozoic Basins The Canning Basin has a very low drilling density both in comparison to other Australian basins and to the prolific North American Paleozoic Basins Basin Drilling Density For personal use only (wells/1,000 sq kms) Willist
Slide 7: What are we doing? Drilling high value prospects
Canning Basin – What are we doing? Buru has budgeted 20 wells over a 3 Drilling lots Lanagan 1 year exploration program. This year : Ź Lanagan of wells Paradise 1 Lawford 1 Pijalinga seismic Ź Lawford Ź Paradise Blina Ź Pictor East Pictor East For personal use only Ź Stokes Bay test Stokes Bay 1 Der
Slide 8: What are we doing? Ensuring we can make money
Canning Basin – What are we doing? Ensuring g we can make money y One phrase that isn’t used in Buru: For personal use only “Finding Finding something would be a nice problem to have” have Our drivers are to create wealth for shareholders, the community and the traditional owners by early and approp
Slide 9: Come and see us at our booth
For personal use only Come and see us at our booth to 15 learn more!