Buru Energy Ltd · ASX:BRU
Buru Energy — Good Oil Conference 2018
17 slides from Buru Energy's conference presentation, Sep 13, 2018
Slide 1: Corporate Presentation – Good Oil Conference
ASX Release For personal use only 13 September 2018 Corporate Presentation – Good Oil Conference Buru Energy Limited provides the attached presentation to be made today by the Executive Chairman at the Good Oil Conference. Visit www.buruenergy.com for information on Buru Energy’s current and future
Slide 2: Corporate Update
Corporate Update For personal use only 12 & 13 September 2018 13 September 2018
Slide 3: Investment Drivers
Investment Drivers For personal use only Profitable oil producer Long life early stage oilfield Basin wide acreage position Current drilling program Commercial and portfolio strength
Slide 4: Corporate Overview
Corporate Overview Capital Structure Share Register For personal use only Formed 2008 Ticker ASX:BRU Index S&P/ASX All Ords Shares on Issue ~432 million Share Price ~A$0.24 Market Cap ~A$104 million Board and management are Cash on Hand ~A$18 mm + $51 mm receivable significant shareholders from Roc
Slide 5: Profitable oil producer - Ungani Oilfield Overview
Profitable oil producer - Ungani Oilfield Overview ▪ Play opening conventional oilfield For personal use only ▪ 100 km east of Broome ▪ High quality oil (37 deg API) ▪ High flow rate conventional vugular dolomite reservoir ▪ Simple low cost production and storage system ▪ Oil currently trucked to Wy
Slide 6: Ungani Oilfield development ongoing
Ungani Oilfield development ongoing ▪Drilled Ungani 4 and Ungani 5 late 2017 ▪Production restarted from Ungani 1 and For personal use only Ungani 2 on 3 May 2018 after shutin for flooding of access road ▪U 5 flowed +1,200 bopd on initial test and now on free flow production ▪U 4 flowed at significan
Slide 7: Ungani Oilfield – Commercial and Forward Program
Ungani Oilfield – Commercial and Forward Program Sales ▪ Crude is sold FOB Wyndham to For personal use only Trafigura at fixed discount to Brent to account for shipping costs to regional refineries ▪ Latest lifting 52,000 bbls (gross) on 16 August FTA quad with ~880 bbls Crude tanker at Wyndham Port
Slide 8: Basin wide high prospectivity – controlling acreage position
Basin wide high prospectivity – controlling acreage position ▪ Extensive oil and gas permit holdings with nominal work commitments For personal use only ▪ Permit holdings focused on Fitzroy Trough conventional oil potential with major tight gas/liquids accumulation in Laurel ▪ Significant exposure t
Slide 9: High quality exploration prospect portfolio
High quality exploration prospect portfolio Extensive high prospectivity portfolio ▪ Proven conventional oil play system over 150 kms For personal use only ▪ Range of prospect sizes up to world class potential ▪ Range of play types from proven Ungani Dolomite and Reeves discovery (UFW) to new high p
Slide 10: Forward program
Forward program Drilling Program ▪ Under Roc farmin terms Buru carried through $20mm For personal use only costs of $25mm expenditure for up to four wells on high potential conventional oil targets ▪ DDGT 1 rig at Ungani 4 with sidetrack of Ungani 4 currently underway ▪ Next well Ungani West 1 – con
Slide 11: Unconventional Gas and Oil Resources
Unconventional Gas and Oil Resources Laurel Tight Gas ▪ Major gas accumulation in the geological For personal use only centre of the basin ▪ Stretches from east of Broome to west of Fitzroy Crossing ▪ Has been best defined at Yulleroo 70km east of Broome ▪ Evaluation of Yulleroo Gasfield by RISC det
Slide 12: Roc Oil Transaction (announced May 2018)
Roc Oil Transaction (announced 21 May 2018) ▪ On 21 May 2018 Roc Oil purchased a 50% interest in the Ungani production licences L20 For personal use only and L21 (the Ungani Oilfield) for a total cash payment of $64 million ($13 mm already paid, $51 mm paid on permit transfers, expected later this m
Slide 13: Commercial and Portfolio strength
Commercial and Portfolio strength ▪ Cash/Receivables: ~A$18 mm +A$51 mm receivable from Roc Oil under purchase agreement for 50% of For personal use only Ungani Oilfield ▪ Debt: Remaining Alcoa debt of A$7.5 mm. Next payment A$2.5 mm 31 Dec 2018 (plus prodn uplift amount) ▪ Overheads: fit for purpos
Slide 14: Forward Strategy for Value Add
Forward Strategy for Value Add ▪ Oil Production • Focus on increasing and maintaining production For personal use only • Well optimisation, artificial lift, new wells – normal field development process ▪ Near field opportunities • Ungani Far West oil pool production from both Ungani Dolomite and the
Slide 15: Investment Drivers
Investment Drivers For personal use only Profitable oil producer Long life early stage oilfield Basin wide acreage position Current drilling program Commercial and portfolio strength
Slide 16: Contact
Contact For personal use only Buru Energy Limited Eric Streitberg Executive Chairman info@buruenergy.com Office: 08 9215 1800 www.buruenergy.com
Slide 17: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru Energy"). This presentation contains certain statements which may For personal use only constitute "forward-looking statements". It is believed that the expectations reflected in these statements are reasonab