Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (April 2021)
20 slides from Buru Energy's investor presentation, Apr 15, 2021
Slide 1: Corporate Update April 2021
For personal use only CORPORATE UPDATE | April 2021 (ASX:BRU) Corporate Update April 2021 1
Slide 2: Disclaimer
This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru") and has been authorised for release to the ASX by the Executive Chairman. This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected
Slide 3: Positioned for Growth
Positioned for Growth Tier 1 asset Basin wide high graded exploration portfolio, oil For personal use only portfolio production and major gas resources Strong balance Cash ~$20mm including ~$3mm in prepaid JV cash sheet calls. No debt. High value farmin funding Exploration and Agreed drilling progra
Slide 4: Ungani
Ungani Western Australian company based in Perth For personal use only with office and facilities in Broome Listed on ASX – market cap ~A$80mm Permit areas in the Canning Basin of ~22,000 sq kms gross and a large permit in the onshore Carnarvon basin of 6,293 sq kms gross Strong balance sheet (~A$20
Slide 5: Ungani
Ungani Conventional oilfield with excellent quality vugular dolomite For personal use only reservoirs and high quality oil Buru 50% and Operator with Roc Oil 50% Production targeted at ~800 bopd with field in natural decline Potential for production increases through current well optimisation and ad
Slide 6: The Canning Basin prospectivity
The Canning Basin _ prospectivity Farmin by Origin Energy kickstarts the 2021 exploration program For personal use only Origin earning 50% across all Buru 100% exploration permits and 40% in southern EP457/458 permits Origin commitment to fund $16 million carry of two conventional oil exploration we
Slide 7: The Canning Basin overview
The Canning Basin overview Largest onshore sedimentary basin in Western Australia For personal use only Very underexplored because of the sheer scale Buru has the controlling acreage interests and infrastructure Operated in the Basin for many years with excellent stakeholder relations Blina and Unga
Slide 8: Outstanding Exploration Potential
Outstanding Exploration Potential – better diagram High graded, overlapping, large For personal use only scale exploration provinces 2021 drilling program focused on large dolomite reservoir plays at Rafael and Kurrajong 2021 seismic program of ~1,100 km for prospect delineation and also regional gr
Slide 9: Emerging conventional carbonate oil province: Rafael 1
Emerging conventional carbonate oil province Very large, well defined For personal use only Rafael 1 structure on good quality 2D seismic Over 450 metres of mapped closure (world scale) Interpreted excellent seal over the reservoir Potential Devonian aged reef with giant analogues Oil sourced from G
Slide 10: Emerging conventional carbonate oil province: Kurrajong 1
Emerging conventional carbonate oil province Large structure well defined For personal use only Kurrajong 1 by good quality 3D seismic with +200m of closure Regional closure with major upside and follow-up outside the drilling location fault block Good quality reservoir proven along trend (Ungani an
Slide 11: Prospective Resources of Kurrajong and Rafael
The Prospective Resources of the Kurrajong and Rafael prospects are estimated as set out below. For personal use only Prospective Resources Mean Low Best High Recoverable Oil (million barrels) Kurrajong Prospect - EP391 (Gross) 28 2 17 69 Kurrajong Prospect - EP391 (Net) 14 1 8.5 34.5 Rafael Prospec
Slide 12: Program Timing and Rig
Program Timing and Rig LOI signed for Ensign 963, program on track for June spud of Kurrajong 1 For personal use only Confirmed three well program Two exploration wells and one Ungani development well (Ungani 8) Extensive invitation to tender process concluded with Letter of Intent (LOI) with Ensign
Slide 13: Emerging plays
Emerging plays New play types/ prospective areas emerging For personal use only from ongoing regional basin evaluation. Seismic programs over a mixture of play types. Western carbonate trends with large leads on sparse seismic (Great Northern Survey) Large Central Basin anticlines with stratigraphic
Slide 14: Condensate rich tight gas and oil resources
Condensate rich tight gas and oil resources World Scale condensate rich tight gas resources For personal use only Laurel Formation basin centered tight gas - Canadian Montney equivalent High liquids content (+30bbls/mmcf) Successful play proving vertical fracs completed Best Estimate Prospective Res
Slide 15: Carnarvon Basin block L20-1
Condensate rich tight gas and oil resources Buru Energy has accepted an offer for the award of bid For personal use only block L20-1 in the onshore Carnarvon Basin The geology and play types on the block are similar to and complement Buru’s Canning Basin assets and represent new and exciting prospec
Slide 16: Integrated Energy and Portfolio Expansion
Integrated Energy and Portfolio Expansion Gas Transition Eric Streitberg – Executive Chairman: For personal use only Integrated solar and gas project in pre-feasibility “The Company is also cognisant of the shifting sentiment from fossil fuels, whilst acknowledging Gas provides the feedstock for the
Slide 17: Financial and Corporate
Financial and Corporate BOARD CAPITAL STRUCTURE For personal use only Eric Streitberg Executive Chairman Share price (15 April) $0.185 Ordinary shares on issue ~432M Joanne Kendrick Non-Executive Director Market Capitalisation ~$80M Malcolm King Non-Executive Director Cash ~$20M (no debt) Samantha T
Slide 18: Why Invest?
Why Invest? For personal use only EXISTING OIL HIGH POTENTIAL STRONG BALANCE POSITIONED TO DRIVE PRODUCTION AND EXPLORATION SHEET (NO DEBT) VALUE: LARGE SCALE INFRASTRUCTURE, PROGRAM ON AND CASH FLOW EXPLORATION, STRONG PROVEN GAS WORLD SCALE FROM PRODUCTION BALANCE SHEET, RESOURCES PROSPECTS PROVEN
Slide 19: For personal use only
This announcement has been authorised for release by Eric Streitberg, Executive Chairman For personal use only For further information on Buru Energy’s current and future activities, visit www.buruenergy.com or contact: Eric Streitberg, Executive Chairman Telephone: +61 8 9215 1800 Freecall: 1800 33
Slide 20: For personal use only
For personal use only LEVEL 2, 16 ORD STREET WEST PERTH INFO@BURUENERGY.COM WESTERN AUSTRALIA 6005 1800 337 330 BURUENERGY.COM CORPORATE UPDATE | April 2021 (ASX:BRU) Corporate Update April 2021 20