Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (September 2024)
16 slides from Buru Energy's investor presentation, Sep 30, 2024
Slide 1: ASX Announcement: Corporate Presentation
ASX Announcement 30 September 2024 Corporate Presentation Buru Energy Limited (Buru or the Company) (ASX: BRU) is pleased to provide its latest Corporate Presentation. Authorisation This ASX announcement has been authorised for release by the Board of Buru Energy. For further information, visit www.
Slide 2: Corporate Presentation 30 September 2024
For personal use only ASX:BRU • New leadership • Building a compelling foundation Kimberley gas business with near-term exploration upside 30 September 2024
Slide 3: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) have not materially changed. The probabilistic method was used to prepare the and has been authorised for the intended purpose by the Board of Buru Energy estimates of the contingent and prospective resourc
Slide 4: Buru Energy Overview
BURU ENERGY OVERVIEW Regional gas project developer + near term oil exploration + material prospects portfolio Who we are For personal use only • Founded in 2008, we are an ASX listed energy company focused on exploration, development and production of hydrocarbon and alternative energy resources in
Slide 5: Buru Energy Board and Management
BURU ENERGY BOARD AND MANAGEMENT Deep industry experience and proven track record to deliver strategy David Maxwell Thomas Nador For personal use only Independent Non-Executive Chair CEO >35yrs strategy, commercialisation, risk and asset >25yrs strategy, resource development, commercial management P
Slide 6: A Unique Value Proposition for Investors
BURU ENERGY - A UNIQUE VALUE PROPOSITION FOR INVESTORS Significantly undervalued with complementary assets and value streams 1 2 3 4 5 For personal use only 100% owner of Rafael 75% owner of Rafael 100% owner of Ungani Dominant position in Early mover in natural (deep) gas discovery Shallow oil pros
Slide 7: Foundation Business – Commercialising the Rafael Gas Discovery
1 FOUNDATION BUSINESS – COMMERCIALISING THE RAFAEL GAS DISCOVERY Gas development focused on regional gas to power generation and condensate for local diesel replacement Generate enduring cashflows through the development of the foundation Objective gas project involving a small footprint, scalable L
Slide 8: Rafael Gas and Condensate Project Timeline
1 RAFAEL GAS AND CONDENSATE PROJECT TIMELINE Final Investment Decision targeted for 2025, first revenues in 2H 2027 Activity 2023 2024 2025 2026 2027 2028 2029 For personal use only VALUE CREATION Acquire & Rafael 3D Seismic Survey Process Data interpretation Interpret results Confirm adequacy of 1C
Slide 9: Rafael Shallow Oil Prospect - Near-Term Value Upside
2 RAFAEL SHALLOW OIL PROSPECT - NEAR-TERM VALUE UPSIDE A large shallow closure beneath the regional seal on the high-quality Rafael 3D Objective Drill the low-cost, high potential oil exploration well in October 2024. For personal use only 75% Buru Energy Binding Terms executed with two entities
Slide 10: Restart Ungani Production to Provide Near Term Cashflow
3 RESTART UNGANI PRODUCTION TO PROVIDE NEAR TERM CASHFLOW Reinvigorate and extend the life of the asset with drilling of a high potential oil exploration well (Mars) Re-establish revenues from the oil business via a potential domestic offtake Objective pathway. Pursue near-field exploration to exten
Slide 11: Material Canning Basin Exploration Potential
4 MATERIAL CANNING BASIN EXPLORATION POTENTIAL High grading prospects and leads portfolio underway to provide opportunities for future phases of gas development For personal use only Exploration to build on foundation Rafael gas and condensate project across diverse and proven conventional plays:
Slide 12: Value Upside – Exposure via Incubated Subsidiary Companies
5 VALUE UPSIDE – EXPOSURE VIA INCUBATED SUBSIDIARY COMPANIES Leveraging Buru competency and IP, subsidiary companies established to actively participate in the energy transition Unparalleled understanding of greenhouse gas (GHG) storage potential in Actively developing geological expertise to en
Slide 13: New Funds Raised to Progress Focus Areas
NEW FUNDS RAISED TO PROGRESS FOCUS AREAS • On 30 September 2024, Buru successfully completed an oversubscribed and scaled back share placement of $6.7 million (before costs) at 6.2 cents per share which was strongly supported by institutional and professional investors and Directors1. For personal u
Slide 14: Key Near-Term Activities
KEY NEAR-TERM ACTIVITIES Focus Areas For personal use only Commercialisation of • Prepare for Rafael 1 well testing/completion and Rafael B drilling in 2025. 1 Rafael Gas Project • Complete SELECT Phase development engineering. • Gas and condensate sales and offtake agreements. • Progress approvals
Slide 15: Buru Energy Investment Thematic
BURU ENERGY INVESTMENT THEMATIC Complementary assets and value streams to generate and grow shareholder value. New leadership driving change. For personal use only Strong Foundation Material Upside Team to Deliver • 100% owner of Rafael Deep - the only • The Canning Basin is underexplored. • Experie
Slide 16: Buru Energy Limited
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 Web: buruenergy.com