Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (November 2023)
19 slides from Buru Energy's investor presentation, Nov 14, 2023
Slide 1: Investor Presentation
Investor Presentation November 2023
Slide 2: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) No representation or warranty, expressed or implied, is made by Buru or any other and has been authorised for release to the ASX by the Non-Executive Chairman. person that the material contained in this pre
Slide 3: Buru Energy Overview
BURU ENERGY OVERVIEW Committed to delivering material growth as an integrated energy business Who we are Founded in 2008, we are an ASX listed diversified energy company focused on exploration and production of hydrocarbon and alternative energy resources in Australia. Buru has been the most active
Slide 4: Buru Assets
BURU ASSETS Strategic operated acreage position to support exploration, development, energy transition and expansion opportunities Onshore Canning Basin, WA Adelaide Superbasin, SA Yulleroo Operating Area ~22,000 km2 # ~30,000 km2 Granted / Pending* Permits 12 (7 EPs, 5 PLs) # 9* Buru Ownership 60-1
Slide 5: Pursuing the First Conventional Gas Development in the Kimberley
PURSUING THE FIRST CONVENTIONAL GAS DEVELOPMENT IN THE KIMBERLEY With full ownership of the Rafael discovery, focus is on commercialising the resource and securing a development partner 1 2 3 A potential world scale Feasibility studies confirm Disciplined execution A mostly underexplored conventiona
Slide 6: Rafael 1 – A Significant Conventional Gas and Condensate Discovery
RAFAEL 1 – A SIGNIFICANT CONVENTIONAL GAS AND CONDENSATE DISCOVERY The Eureka moment for Buru, the Kimberley and the Western Australian resource industry Rafael 1 well was drilled in 2021 on a large structure with gas encountered in three zones. Rafael geology is a proved Canning Basin play type wit
Slide 7: The Size of the Prize
THE SIZE OF THE PRIZE Recently completed 3D seismic survey will provide confirmation of structure size and confirm potential gas column extent Waitsia (Perth Basin) Rafael (Canning Basin- Independent ERCE assessment) 350m Gas column height 165m (proven) to greater than 600m (mapped closure) 830 bcf
Slide 8: Rafael Field Appraisal Program
RAFAEL FIELD APPRAISAL PROGRAM Completed - Well test Rafael 1 Test with flow from • Flow testing demonstrated excellent quality gas with less than 2% inerts (CO2) and rich restricted zones condensate with no pressure depletion or reservoir boundaries observed. Rafael 3D seismic survey acquisition co
Slide 9: Feasibility Studies Confirm Several Project Options to Monetise Rafael
FEASIBILITY STUDIES CONFIRM SEVERAL PROJECT OPTIONS TO MONETISE RAFAEL Concept work to date confirms credible phased development with CCS as an enabler PHASE 1 PHASE 2 Small-scale LNG for LNG for local consumption + Ammonia or Methanol or Export (FLNG/NWS) + + + + Condensate Condensate Condensate Co
Slide 10: Phase 1 Rafael Development
PHASE 1 RAFAEL DEVELOPMENT Domestic hybrid LNG and renewables for power generation with condensate export Develop a small footprint, scalable LNG supply stream, complemented by Objective 50% renewable energy supply via solar and battery storage, to meet the long term energy needs of Kimberley. Resou
Slide 11: Phase 2 Rafael Development
PHASE 2 RAFAEL DEVELOPMENT Building on Phase 1 to deliver a large-scale project with Carbon Capture & Storage (CCS) Ammonia or Methanol Liquified Natural Gas for Export First Production: 2029 2029 Project Life: 20 years 10 years No. of wells: 5 – 10 Up to 12 Gas flow rate: 55 - 110 mmscf/d 280 mmscf
Slide 12: Phased Execution Strategy Mitigates Subsurface Uncertainty
PHASED EXECUTION STRATEGY MITIGATES SUBSURFACE UNCERTAINTY Deliver early cashflows on known resource, and significant upside on appraisal success Activity 2023 2024 2025 2026 2027 2028 2029 VALUE CREATION Fast track results available Acquire & 3D Seismic Interpret Resource Convert Contingent Resourc
Slide 13: Disciplined Execution to Deliver Value
Shortlist Development Complete Partners DISCIPLINED EXECUTION TO DELIVER VALUE 3D Critical long lead Seismic items to interp. protect Appointed 2024 Appointed GHD for appraisal Near Term Objectives Miro Capital pre-FEED for next engineering stage of (Rafael Create and maintain value ahead of Develop
Slide 14: Rafael Partner Selection Process Commenced
RAFAEL PARTNER SELECTION PROCESS COMMENCED : COMPELLING VALUE P ROPOSITION A discovered gas resource with a clear pathway to a clean energy development at scale enabled by material Carbon Capture and Storage (“CCS”) potential ▪ Rafael gas-condensate field has been independently assessed with up to 1
Slide 15: Rafael Partner Selection Process Targeting Strategic Energy Players
RAFAEL PARTNER SELECTION PROCESS TARGETING STRATEGIC ENERGY PLAY ERS Buru’s acreage is uniquely suited to develop a new world class clean energy province ▪ Buru has identified significant CCS potential within its acreage as defined CCS by Buru’s Geovault subsidiary Potential ▪ Independent verificati
Slide 16: Significant Upside Exposure via New Energy Business
SIGNIFICANT UPSIDE EXPOSURE VIA NEW ENERGY BUSINESS 2H Resources is a 100% subsidiary of Buru Energy and is leading explorer for natural hydrogen and helium. Natural hydrogen is produced from underground accumulations in the earth and has the potential to supply low cost and very low carbon intensit
Slide 17: Experienced Board and Management Team
EXPERIENCED BOARD AND MANAGEMENT TEAM Deep industry experience and proven track record to deliver strategy Mr Eric Streitberg Mr Thomas Nador Non-Executive Chair CEO Geology, geophysics, commercial Strategy, resource development, commercial Ms Joanne Kendrick Mr Paul Bird Independent Non-Executive D
Slide 18: Summary Investment Drivers
SUMMARY INVESTMENT DRIVERS Buru continues to deliver on its strategy to realise significant value from its Rafael discovery through 1 focus on rigorous execution and capital management. 3D seismic acquisition is completed, with early insights available in November 2023. Appraisal well 2 planning is
Slide 19: Buru Energy Limited
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