Buru Energy Ltd · ASX:BRU
Buru Energy — Shareholder Meeting (May 2024)
27 slides from Buru Energy's shareholder meeting presentation, May 30, 2024
Slide 1: 2024 Annual General Meeting – Chair's Address and CEO Presentation and Address
ASX Announcement 30 May 2024 2024 Annual General Meeting – Chair’s Address and CEO Presentation and Address Buru Energy Limited (Buru, Company) is pleased to provide the Chair’s address and Chief Executive Officer’s presentation and address for the Buru Energy Limited (ASX: BRU) 2024 Annual General
Slide 2: Chair's Address
Chair’s Address Prior to the formal business of the meeting, I would like to make some remarks about Buru’s activities, including our role in the energy transition, and also about the energy landscape in general. Buru and its predecessor, ARC Energy, have operated in the Kimberley since 2006 and we
Slide 3: Chair's Address (continued)
For my situation, I have been in a leadership role in Buru since its 2008 genesis as a spin off from ARC Energy, my previous company. My basic skill set and passion is finding and developing resources. The Rafael discovery, the impending drilling of the very exciting Rafael Shallow prospect, and the
Slide 4: Chief Executive Officer's Address
Chief Executive Officer’s Address Slide 1 - Title Thank you Eric and good morning ladies and gentlemen. I am pleased to stand before you today to deliver my address. Before we begin, and particularly on this National Reconciliation Week, I would like to pay my respects to the traditional custodians
Slide 5: CEO Address: Assets and Location
That replacing oil, and the products that come from oil will take considerable time, That Carbon Capture and Storage is a key component of any realisable path to net zero by 2050, And that natural, or geological hydrogen and helium has the potential to play a significant role in the future of energy
Slide 6: CEO Address: Year in Review, Rafael Commercialisation
Slide 8 So, let’s look at the year in review. Slide 9 – Rafael Commercialisation The Rafael conventional gas and condensate discovery is the crown jewel in our gas asset portfolio and commercialising this discovery remains a priority. We had a very busy 2023 and have made significant strides in fron
Slide 7: CEO Address: Rafael Shallow
It is a large shallow closure, between 800m and 1,200m deep with a robust top seal, with a prospective resource between 3.2 million and 79 million barrels of oil, and a P50 of 19 million barrels of oil. The opportunity to drill this prospect during the 2024 operating season is very exciting, and to
Slide 8: Executing the strategy
Slide 15 Executing the strategy As I mentioned earlier, we allocate our capital and resources to elements of our strategy with great transparency. We are getting after Rafael Shallow farmout, the potential success of which will be material on the business. We are refining our Rafael gas and condensa
Slide 9: Annual General Meeting CEO's Address
For personal use only Annual General Meeting CEO’s Address Thomas Z Nador 30 May 2024
Slide 10: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) estimates of the contingent and prospective resources for the Rafael discovery, and and has been authorised for release to the ASX by the Board of Buru Energy. probabilistic and deterministic methods were u
Slide 11: Introductory comments
For personal use only Introductory comments 3 2024 ANNUAL GENERAL MEETING – CEO ADDRESS
Slide 12: Buru Energy Summary
BURU ENERGY SUMMARY Complementary assets and value streams to generate shareholder value For personal use only Right Assets Right Postcode Right Team • A mixture of energy assets for today, • Canning Basin is underexplored. • Experienced Board and Management and for tomorrow. Buru has a portfolio of
Slide 13: Right Assets and Right Postcode
RIGHT ASSETS AND RIGHT POSTCODE Large operated acreage position to support hydrocarbon exploration, development and new energy opportunities Basin Onshore Canning Basin Yilgarn Craton Adelaide Superbasin For personal use only Operating Area ~14,000 km2 ~35,000 km2 ~30,000 km2 Granted / Pending* Perm
Slide 14: Right Team
RIGHT TEAM Deep industry experience and proven track record to deliver strategy Thomas Nador For personal use only Mr Eric Streitberg CEO Non-Executive Chair >25yrs strategy, resource development, commercial >40yrs geology, geophysics, commercial Paul Bird CFO and Company Secretary Ms Joanne William
Slide 15: A Strategy to Unlock Value
A STRATEGY TO UNLOCK VALUE Balancing short-medium term returns from hydrocarbon focused business with longer term new energy businesses For personal use only Find Enable Develop Evolve Pursue energy resources opportunities through with a material complementary other compatible safely and the right p
Slide 16: The year in review
The year in review For personal use only 2024 ANNUAL GENERAL MEETING – CEO ADDRESS
Slide 17: A Year in Review - Rafael Commercialisation
A YEAR IN REVIEW - RAFAEL COMMERCIALISATION Front end loading the development of Rafael Resumed control Pre-feasibility studies and 100% Revised For personal use only (for 1C – 2C volume Appraisal drilling ownership of Rafael outcomes) and NWS planning, LLI, Rig Rafael resource Appraisal drilling ex
Slide 18: Rafael Gas and Condensate – A Significant and Transformative Opportunity
RAFAEL GAS AND CONDENSATE – A SIGNIFICANT AND TRANSFORMATIVE OPPORTUNITY Phase 1 pre-FEED level development concept focused on regional power generation in the Kimberley Develop a small footprint, scalable LNG supply stream as firming power to For personal use only Objective future sources of renewa
Slide 19: Rafael Shallow – A High Potential Conventional Clastic Oil Prospect
RAFAEL SHALLOW – A HIGH POTENTIAL CONVENTIONAL CLASTIC OIL PROSPECT A large shallow closure beneath the regional seal on the high-quality Rafael 3D Objective Complete farmout, drill low-cost exploration well in Q3 2024. For personal use only P90 3.2MMstb Prospective P50 19 MMstb Resource1 P10 79 MMS
Slide 20: A Year in Review - New Energy Businesses
A YEAR IN REVIEW - NEW ENERGY BUSINESSES Leveraging Buru’s core skills, competencies and IP to create new points of value Complete subsurface Complete studies and capacity independently Progress WA Establish For personal use only assessments for CCS verified CCS development landmark opportunities ac
Slide 21: Corporate Activity
CORPORATE ACTIVITY A year of significant commercial activity Commenced Commenced Commenced 2H For personal use only Canning Basin Ungani Partner Resources Unmarketable Commenced Partner Selection Selection Partner Selection Parcel Share Rafael Shallow process process process Sale Facility farmout 20
Slide 22: Priorities for 2024
Priorities for 2024 For personal use only 2024 ANNUAL GENERAL MEETING – CEO ADDRESS
Slide 23: Executing the Strategy: Key Focus Areas
EXECUTING THE STRATEGY Key Focus Areas 2024 Focus For personal use only • Drill Rafael Shallow clastic oil prospect (3Q’24) energy resources • Finalise Rafael (deep) gas and condensate resource assessment (3Q’24) safely and competitively • Mature Canning Basin prospect and lead inventory (ongoing) a
Slide 24: Buru Energy is a Unique Value Proposition for Investors
BURU ENERGY IS A UNIQUE VALUE PROPOSITION FOR INVESTORS Buru is significantly undervalued with complementary assets and value streams 1 2 3 4 5 For personal use only 100% owner of Rafael 100% owner of Rafael 100% owner of Ungani Dominant position in Early mover in H/He (deep) discovery Shallow prosp
Slide 25: Buru Investment Performance
BURU INVESTMENT PERFORMANCE It continues to be a challenging environment for small-cap E&P companies. For personal use only However, the investment thematic for Buru Energy is strong: - Robust wet gas endowment at Rafael Deep that is being gradually de-risked for appraisal and development, - Pla
Slide 26: Thank you
For personal use only Thank you 18 2024 ANNUAL GENERAL MEETING – CEO ADDRESS
Slide 27: Buru Energy Limited contact details
For personal use only Buru Energy Limited Level 2, 16 Ord Street West Perth Western Australia 6005 PO Box 1903 West Perth WA 6872 Phone: 1800 337 330 Email: info@buruenergy.com