Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (July 2019)
17 slides from Buru Energy's investor presentation, Jul 18, 2019
Slide 1: ASX Announcement: Corporate Presentation
ASX Announcement 18 July 2019 Corporate Presentation For personal use only Buru Energy Limited provides the attached updated corporate presentation. A condensed version of this presentation will be made today by the Executive Chairman at the Noosa Mining & Exploration Investor Conference. Visit www.
Slide 2: Corporate Update | July 2019
For personal use only CORPORATE UPDATE | July 2019 (ASX:BRU)
Slide 3: Diverse Portfolio
Diverse Portfolio Underexplored Canning Basin in For personal use only NW WA 5.5 million gross acres (3.5 million net acres) Experienced local operator with high permit equities Profitable conventional oil production from Ungani Oilfield Extensive exploration portfolio with active program Major liqu
Slide 4: Value Circle
Value Circle For personal use only OIL AND GAS HIGHLY WITH MAJOR Balanced Realising EXPERIENCED AND EXPLORATION Portfolio value WELL CONNECTED PROGRAM LOCAL OPERATOR SELF FUNDED Financial CONVENTIONAL OIL EXPLORATION AND Production PRODUCTION WITH Strength DEVELOPMENT ONGOING DEVELOPMENT CORPORATE U
Slide 5: Oil Production: Ungani Oilfield
Oil Production: Ungani Oilfield High quality For personal use only conventional oilfield Buru 50% and Operator (Roc Oil 50%) Currently producing ~1,000 bopd 2019 development program with the aim of at least doubling production Profitable at oil prices >US$30 per barrel CORPORATE UPDATE JULY 2019 (AS
Slide 6: Ungani Oilfield: 2019 Program
Ungani Oilfield: 2019 Program Drilling two horizontal For personal use only production wells Wells being drilled by NGD 405 rig and then coiled tubing unit for reservoir Wells designed for maximised drainage in carbonate reservoirs Wells drilled with rig to top of reservoir Reservoir sections drille
Slide 7: Outstanding Exploration Potential
Outstanding Exploration Potential High potential exploration portfolio For personal use only Variety of play types (carbonates and clastics) and petroleum systems Proven conventional Dolomite play over 150 kms strike length Basin wide Reeves Sandstone potential identified 2019 program targeting rang
Slide 8: Drilling Program: Adoxa (Yakka Munga Structure)
2019 Drilling Program: Adoxa 1 (Yakka Munga Structure) Multi target regional structure with Adoxa 1 For personal use only Adoxa 1 Reeves target to be drilled in 2019 program Recent review of Reeves Formation from which oil was recovered in Ungani Far West 1 has confirmed basin wide conventional sand
Slide 9: Drilling Program: Rafael
2019 Drilling Program: Rafael 1 Very large well defined structure on For personal use only Rafael 1 good quality 2D seismic Over 300 metres of closure (world scale) Interpreted to be a reef like feature Most likely Nullara reef carbonates – similar to the Blina Field Interpreted excellent seal over
Slide 10: Drilling Program: Miani (Buru 100%)
2019 Drilling Program: Miani (Buru 100%) Miani 1 Large Hydrothermal Dolomite feature on For personal use only the Lennard Shelf Well defined by 3D seismic with many follow-ups Lennard Shelf has all the ingredients of an extensive hydrothermal Dolomite province Nullara reefal carbonates extensively a
Slide 11: Program: Blina Yellowdrum (Buru 100%)
2019 Program: Blina Yellowdrum (Buru 100%) Blina Field has a Yellowdrum upper producing horizon For personal use only equivalent to the Ungani Dolomite Blina Over 40 metres of Dolomite level closure Historical production of 400,000 barrels from lower zone of Yellowdrum Substantial potential in the t
Slide 12: Program: Yulleroo conventional gas (Buru 100%)
2019 Program: Yulleroo conventional gas (Buru 100%) Yulleroo Gasfield has substantial For personal use only proven resources of tight wet gas Resource also has potential for Yulleroo conventional gas resources with high liquids content Several zones identified in Yulleroo 4 well with good unstimulat
Slide 13: Program: Indicative Timetable
2019 Program: Indicative Timetable For personal use only CORPORATE UPDATE JULY 2019 (ASX:BRU) 12
Slide 14: Financial and Corporate
Financial and Corporate ORDINARY SHARES ON ISSUE 432M MARKET CAPITALISATION ~A$114M For personal use only CASH (AS OF 30 JUNE 2019) $58.8M DEBT (AS OF 30 JUNE 2019) $4.5M ~50% SOPHISTICATED AND REGISTER INSTITUTIONS ASX:BRU ~7% MANAGEMENT AND DIRECTORS TURNOVER ~8m SHARES PER MONTH $0.39 May, 2018 0
Slide 15: Why Invest?
Why Invest? For personal use only PROFITABLE, NEAR TERM STRONG BALANCE UNIQUE IN THE SMALL LOW COST OIL DRILLING SHEET AND CAP SECTOR – PRODUCER WITH ACTIVITY ON POSITIVE CASH PRODUCTION, CONTROL OVER LARGE PROSPECTS FLOW FROM BALANCE SHEET AND ACTIVITY WITH LARGE PRODUCTION TO EXPLORATION EQUITIES
Slide 16: Disclaimer
Disclaimer IMPORTANT NOTICE For personal use only This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru"). This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected in these statements ar
Slide 17: 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 | July 2019 (ASX:BRU)