Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (December 2019)
14 slides from Buru Energy's investor presentation, Dec 20, 2019
Slide 1: Corporate Update | December 2019
For personal use only CORPORATE UPDATE | December 2019 (ASX:BRU) 1
Slide 2: Diverse Portfolio
Diverse Portfolio Underexplored Canning Basin in For personal use only NW WA 5.5 million gross acres (4.6 million net acres) post recent permit equity increase Experienced local operator with high permit equities Profitable conventional oil production from Ungani Oilfield Extensive exploration portf
Slide 3: Buru Value Circle
Buru Value Circle For personal use only OIL AND GAS Balanced HIGHLY PORTFOLIO Realising EXPERIENCED AND WITH Portfolio value WELL CONNECTED EXTENSIVE LOCAL OPERATOR PROSPECT INVENTORY SELF FUNDED Financial CONVENTIONAL OIL EXPLORATION AND Production PRODUCTION WITH Strength DEVELOPMENT ONGOING DEVEL
Slide 4: 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 ~1,400 bopd gross 2019/20 development program ongoing Profitable at oil prices >US$30 per barrel CORPORATE UPDATE DEC 2019 (ASX:BRU) 4
Slide 5: Ungani Oilfield: Development Drilling Program
Ungani Oilfield: Development Drilling Program Two horizontal production wells For personal use only drilled to top of reservoir section (U6H/U7H) Wells drilled by NGD 405 rig and then coil tubing unit for horizontal reservoir section Ungani 7 completed with two horizontal laterals with good initial
Slide 6: Outstanding Exploration Potential
Outstanding Exploration Potential High potential exploration portfolio For personal use only currently being upgraded with intensive technical review post 2019 drilling program Variety of play types (carbonates and clastics) and petroleum systems Proven conventional Dolomite play over 150 kms strike
Slide 7: Exploration Drilling Program
Exploration Drilling Program 2019 Adoxa 1 For personal use only ‒ Reeves target with regional potential substantially upgraded by well results ‒ Oil shows in good quality sands ‒ Potential oil zone at ~1900 metres ‒ Casing run, with cased hole production test under review for after wet season Miani
Slide 8: Blina Oilfield revisited (Buru 100%)
Blina Oilfield revisited (Buru 100%) Blina Field has produced For personal use only mostly from the Nullara Formation and also has an Blina upper producing horizon equivalent to the Ungani Dolomite (Yellow Drum Formation) Blina 4 recompleted dual zones in Nullara and Yellowdrum First phase of progra
Slide 9: Yulleroo conventional gas (Buru 100%)
Yulleroo conventional gas (Buru 100%) Yulleroo Gasfield has substantial For personal use only contingent resources of tight wet gas Resource also has potential for conventional gas with high liquids Yulleroo content (oil and condensate) Several zones identified in Yulleroo 3 and 4 wells with good un
Slide 10: Financial and Corporate
Financial and Corporate ORDINARY SHARES ON ISSUE ~432M MARKET CAPITALISATION ~$80M For personal use only CASH (AS OF 31 DEC 2019) ~$30M DEBT (AS OF 31 DEC 2019) ~$2M ~50% SOPHISTICATED AND REGISTER INSTITUTIONS ASX:BRU ~7% MANAGEMENT AND DIRECTORS TURNOVER ~8m SHARES PER MONTH $0.39 May, 2018 0.45 0
Slide 11: Why Invest?
Why Invest? For personal use only PROFITABLE, PLANNED 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 SU
Slide 12: Authority for this announcement
Authority for this announcement For personal use only This announcement has been authorised for release by: Eric Streitberg, Executive Chairman Contact person for this announcement: Eric Streitberg, Executive Chairman Contact phone number: 1800 337 330 Contact email address: info@buruenergy.com Qual
Slide 13: Important Notice
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 are reasonabl
Slide 14: 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 | Nov 2019 (ASX:BRU) 14