Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (August 2013)
15 slides from Buru Energy's investor presentation, Aug 8, 2013
Slide 1: Announcing a Fully Funded Forward Program
ANNOUNCING A FULLY FUNDED FORWARD PROGRAM For personal use only • UNGANI OIL DEVELOPMENT • OIL EXPLORATION PROGRAM • LAUREL WET GAS APPRAISAL • DRILLING RIG 8 August 2013 www.buruenergy.com NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 2: Important Notices
Important Notices This Presentation has been prepared by Buru Energy Limited (ABN 71 130 651 437) estimates are provided as a general guide only and should not be relied upon as an (“Buru” or “Company”). indication or guarantee of future performance. This Presentation contains such statements that a
Slide 3: Fully Funded Forward Program
Fully Funded Forward Program • Buru is a S&P/ASX 200 oil and gas exploration and production company solely focused on the Canning Superbasin in Western Australia For personal use only • Buru currently holds a large acreage position – approximately 64,000 sq km Buru Overview • The acreage is prospect
Slide 4: Buru Energy - Unique Investment Proposition
Buru Energy - Unique Investment Proposition Dominant and strategic land position For personal use only • Very large contiguous acreage (~64,000 sq km) • Huge onshore Superbasin • Buru operates all key acreage Highly prospective acreage with material value, near term cash flow & significant upsid
Slide 5: Ungani Oilfield - Development and Funding - Phase 1
Ungani Oilfield - Development and Funding – Phase 1 Background • Discovered in late 2011 and successfully appraised For personal use only • Buru (operator) 50% / Mitsubishi 50% • Substantial oil column (+50m) • Very high quality conventional dolomite reservoir • High quality oil • 37 deg API, sweet,
Slide 6: Ungani Oilfield - Development and Funding - Phase 2
Ungani Oilfield - Development and Funding – Phase 2 Development process Phase 2 (post-FID) – For personal use only Planned production increase: • Facilities expanded and optimised • Dedicated water recycle well drilled • Establishment of permanent high volume export route • All weather operation wit
Slide 7: Laurel Basin Centred Wet Gas System
Laurel Basin Centred Wet Gas System Background - Potential world class accumulation • Potential +47 TCF gas net to Buru (independent For personal use only estimates of prospective resources) • Defined by Buru/MC JV drilling of six wells • Extensive overpressure at drillable depths • Sweet gas with l
Slide 8: Ungani Oil Trend and Regional Exploration
Ungani Oil Trend and Regional Exploration Ungani Oil Trend Background • Ungani conventional oil discovery is a “play opener” in a very For personal use only underexplored part of the basin • Conventional oil discovery in a vugular dolomite reservoir • Petroleum system is prolific and structures are
Slide 9: New Drilling Rig Contracted - Huisman LOC 400
New Drilling Rig Contracted - Huisman LOC 400 Background • Huisman LOC 400 rig is a step change in drilling technology for Buru For personal use only and for Western Australia • Careful and deliberate decision by Buru through extensive tendering and evaluation process • The rig is capable of drillin
Slide 10: Funding Sources and Uses (August 2013 - December 2014)
FUNDING SOURCES AND USES (August 2013 – December 2014) Comments • The following table represents current estimates of programs and budgeted expenditures net to Buru for the period from August 2013 to December 2014 and should be read in conjunction with the statement set out below For personal use on
Slide 11: Institutional Placement and Share Purchase Plan
Institutional Placement and Share Purchase Plan Summary For personal use only • Institutional Placement of approximately $35 million • Share Purchase Plan capped at $5 million, not underwritten • Funds raised will be applied towards current and future exploration and working capital Institutional Pl
Slide 12: International Selling Restrictions
International Selling Restrictions International Offer Restrictions accordance with Australian Accounting Standards and also comply with This document does not constitute an offer of new ordinary shares ("New International Financial Reporting Standards and interpretations issued by the For personal
Slide 13: International Selling Restrictions
International Selling Restrictions Section 138 of the Securities Act (Ontario) provides that no action shall be annual unconsolidated or consolidated financial statements); commenced to enforce these rights more than (a) in the case of any action for • to any person or entity who has requested to be
Slide 14: International Selling Restrictions
International Selling Restrictions Hong Kong Singapore WARNING: This document has not been, and will not be, registered as a This document and any other materials relating to the New Shares have not been, prospectus under the Companies Ordinance (Cap. 32) of Hong Kong (the and will not be, lodged or
Slide 15: International Selling Restrictions
International Selling Restrictions Neither this document nor any other offering or marketing material relating to the United States New Shares have been or will be filed with or approved by any Swiss regulatory This document may not be released or distributed in the United States. This For personal