Buru Energy Ltd · ASX:BRU
Buru Energy — Shareholder Meeting (May 2026)
20 slides from Buru Energy's shareholder meeting presentation, May 27, 2026
Slide 1: 2026 AGM – Chair's Address and Presentation
ASX Announcement 27 May 2026 2026 Annual General Meeting – Chair’s Address and Presentation Buru Energy Limited (Buru, Company) is pleased to provide the Chair’s address and presentation for the Buru Energy Limited (ASX: BRU) 2026 Annual General Meeting (AGM) which commences at 9.00am (AWST) today.
Slide 2: Chair's Address to the 2026 Annual General Meeting
Chair’s Address to the 2026 Buru Energy Ltd Annual General Meeting 27 May 2026 In 2025 Buru streamlined the Company’s portfolio, significantly reduced the costs, focussed on and advanced the Rafael Gas Project and cleared a number of regulatory hurdles required for an ultimate Rafael Final Investmen
Slide 3: Rafael Gas Project
Slide: Rafael Gas Project Rafael has a number of unique benefits. Natural gas (in the form of LNG) and liquids are currently imported into the greater Kimberley region. When compared to existing supply, the Rafael Field development will deliver cost and emissions advantages due to shorter transport
Slide 4: Rafael resource distribution
It is important to note that the current Buru analysis is based on only the P90 3 gas and liquids resources. In all likelihood, the volume of gas and liquids is much higher than this e.g. the P50 estimates are more than two times the P90 estimates. On preliminary analysis Buru expects there will be
Slide 5: Mars, Yulleroo and Summary
Slide: Mars prospect (100% Buru) The farmout and drilling of the Mars exploration prospect is a valuable near term opportunity for Buru. The exploration well cost estimated to be approximately A$7 million is relatively low for what is a high value opportunity if successful. Whilst our priority is th
Slide 6: Annual General Meeting Presentation
For personal use only ASX:BRU Annual General Meeting Presentation High-value, long-term gas and liquids business in the northwest of Western Australia with material growth 27 May 2026 Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Austr
Slide 7: Disclaimer
Disclaimer This presentation has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) and has been authorised for the intended purpose by the Chair of Buru Energy Limited. For personal use only This presentation contains certain statements which may constitute "forward-looking statements
Slide 8: Unique position: benefits versus trucked and imported gas
Rafael Gas Project Unique position Existing trucked / Rafael Gas Project Benefits For personal use only imported gas and diesel Project Replaces a legacy, higher cost and less reliable energy system in the Proximity to market 615 - 1,520 km 70 – 685 km north of Western Australia 1 Delivered cost Cur
Slide 9: Rafael - proven resource with material upside
Rafael - proven resource with material upside - gas and liquids Rafael 1 drilled on 2D seismic in 2021 encountered Ungani Dolomite Depth Structure Map significant gas columns in a large 4-way structural closure. For personal use only (1) Primary Reservoir Interval (robust base case): Crestal T20 U
Slide 10: Rafael location delivers regional supply advantage
Rafael location delivers regional supply advantage For personal use only Horizon Power (WA government-owned entity) is responsible for generating, procuring, distributing, and selling electricity in region. Horizon Power is currently executing the West Kimberley Power Project (WKPP) which is des
Slide 11: Engineering insights creates more value
Engineering insights creates more value For personal use only The SMR process is the Rafael Gas Project : Generic Single Mixed Refrigerant (SMR) based Small Scale Process Scheme workhorse of the LNG industry used in many liquefaction installations. Robust value Process flow modelling confirms re
Slide 12: Rafael – a high value gas and liquids business
Rafael – a high value gas and liquids business Project economics 1 based on Rafael 1C (P90) Resource with a maximum production rate of 200 tonnes per day LNG, 69K litres per day condensate and 15 tonnes per day LPG for 20 years. Key insights For personal use only Based on “mid-case” scenario for LNG
Slide 13: Rafael – resource distribution
Rafael – resource distribution Ungani Dolomite Depth Structure Map For personal use only Rafael 1 drilled in late 2021 Rafael 1 production tested in Depth (mTVDSS) 2022 Rafael 1 (2021) 3D seismic acquired in 2023 Rafael 2 (Proposed) Rafael 1 fault block only analysis underway - very encourag
Slide 14: Rafael Project timeline
Rafael Project timeline For personal use only
Slide 15: Funding and optionality
Funding and optionality The Rafael Gas Project is a vital asset for regional energy security. Buru and Carlingford (UK) are facilitating the funding options with For personal use only potential counterparties. Several options being pursued in parallel Status of Parties in the Data Room conducting
Slide 16: Ungani oilfield (100% Buru)
Ungani oilfield (100% Buru) For personal use only Ungani under care and maintenance since August 2023. Produced ~2.3mmbbls of oil to date with ~220,000 bbls remaining1. Oil was previously sold at a premium to Dated Brent into the Southeast Asia market. Success at nearfield exploration prospe
Slide 17: Mars prospect (100% Buru)
Mars prospect (100% Buru) For personal use only Prospective Resources (mmbbls)1 Low Best High Stock Tank Oil Initially in Place (STOIIP) 3.0 10.6 21.7 Ultimate Recovery of Oil (UR) 0.7 2.8 6.2 Located 9km from the Ungani Production Facility (UPF), Mars 1 discovery would underpin the restart of
Slide 18: Yulleroo (100% Buru)
Yulleroo (100% Buru) A significant unconventional gas and liquids rich accumulation on the western side of the Canning Basin For personal use only Yulleroo is defined by four wells - all intersecting thick gas saturated sections with gas below closure mapped on 3D seismic and Yulleroo 4 deliberate
Slide 19: Summary
Summary Prioritising Rafael Gas Project For personal use only - can be a game changer for Buru - material long term cash within 2 to 3 years - with valuable competitive advantages Significant additional Rafael value identified from increased liquids production - Rafael 1 fault block only resourc
Slide 20: Thank you
For personal use only ASX:BRU Thank you 27 May 2026 Example of a small-scale LNG facility at Mount Magnet, Western Australia. Photo courtesy of Clean Energy Fuels Australia