Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (May 2018)
16 slides from Buru Energy's investor presentation, May 25, 2018
Slide 1: Corporate Presentation ASX Release
ASX Release For personal use only 25 May 2018 Corporate Presentation Buru Energy Limited provides the attached updated Corporate Presentation. Visit www.buruenergy.com for information on Buru Energy’s current and future activities. For investor inquiries please contact Buru Energy: Telephone: +61 8
Slide 2: Corporate Overview
Corporate Overview For personal use only 25 May 2018
Slide 3: Investment Drivers
Investment Drivers For personal use only Profitable oil producer Long life early stage oil field Basin wide acreage position Excellent running room Near term high potential exploration
Slide 4: 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 ~A$0.38 Market Cap ~A$160 million Board and management are Cash on Hand ~A$19 mm + $51 mm receivable significant shareholders from Roc
Slide 5: Company Overview
Company Overview ▪ Local ASX listed For personal use only ▪ ~30 staff based in Perth and Broome ▪ Extensive oil and gas exploration permit holder focused in the Canning Basin Acreage Sq Kms Acres Holdings Gross 22,000 5.4 million Net 13,074 3.2 million ▪ Long term local operator of all permits ▪ Str
Slide 6: Ungani Oilfield Overview
Ungani Oilfield Overview ▪ Conventional oilfield discovered in 2011 For personal use only ▪ First oil discovery since the 80’s in the Kimberley ▪ 70 km east of Broome ▪ High quality oil (37 deg API), high flow rate conventional vugular dolomite reservoir ▪ Easy and simple production and storage syst
Slide 7: Ungani Oilfield development
Ungani Oilfield development ▪ Drilled U4 and U5 late 2017 For personal use only ▪ Installed ESP’s in U1 and U2 ▪ Installed new oil tanks and flow lines to U4 and U5 ▪ Shut-in in January due road flooding ▪ Production restarted from Ungani 1 and Ungani 2 on 3 May 2018 ▪ Ungani 5 flowed +1,200 bopd an
Slide 8: Ungani Oilfield Restart
Ungani Oilfield Restart ▪Road repaired after rain events For personal use only ▪Now back on line with road significantly upgraded ▪Wyndham offloading system working well Ungani Production Ungani 5 oil sample ▪Additional FTA and RTA trucks in service ▪“Bootstrap” field upgrades and continuous improve
Slide 9: Ungani Oilfield – Commercial
Ungani Oilfield – Commercial Commercial ▪ Production rate target of 3,000 bopd For personal use only ▪ Minimal increase in fixed field opex as production rate increased Sales ▪ Crude is sold FOB Wyndham to Trafigura at fixed discount to Brent to account for Crude tanker at Wyndham Port FTA quad with
Slide 10: Forward Program
Forward Program Drilling Program ▪ Buru carried through 3 conventional oil wells on high For personal use only potential oil targets in 2018 program ▪ Ungani Dolomite targets at Ungani West and Kurrajong, Reeves and potential Ungani Dolomite at Yakka Munga with Ungani West likely first well ▪ DDGT 1
Slide 11: Unconventional Gas and Oil Resources
Unconventional Gas and Oil Resources Laurel Tight Gas ▪ Major gas accumulation in the For personal use only geological centre of the basin ▪ Stretches from east of Broome to west of Fitzroy crossing ▪ Has been best defined at Yulleroo 70km east of Broome ▪ Evaluation of Yulleroo Gasfield by RISC det
Slide 12: Roc Oil Transaction (announced May 2018)
Roc Oil Transaction (announced 21 May 2018) ▪ On 21 May 2018 Roc Oil purchased a 50% interest in the Ungani production licences L20 For personal use only and L21 (the Ungani Oilfield) for a total cash payment of $64 million ($13 mm now paid, $51 mm paid on permit transfers) ▪ Roc Oil is acquiring a
Slide 13: Funding and Commitments
Funding and Commitments ▪ Cash/Receivables: ~A$19 mm + $51 mm receivable form Roc Oil For personal use only ▪ Debt: Remaining Alcoa debt of $7.5 mm. Next payment $2.5 mm 31 Dec 2018 (plus prodn uplift amount) ▪ Overheads: “lean and mean” and fit for purpose, Roc contributing to operational overheads
Slide 14: Forward Strategy for Value Add
Forward Strategy for Value Add ▪ Oil Production • 2017/18 Development Program completed with target of For personal use only increase of production to 3,000 bopd • Potential future development of alternative export facilities • Other ways to increase margins being investigated including local supply
Slide 15: Contact
Contact For personal use only Buru Energy Limited Eric Streitberg Executive Chairman ericstreitberg@buruenergy.com Office: 08 9215 1800 Mobile: +61 411 803 993 www.buruenergy.com
Slide 16: 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