Buru Energy Ltd · ASX:BRU
Buru Energy — Shareholder Meeting (May 2025)
22 slides from Buru Energy's shareholder meeting presentation, May 21, 2025
Slide 1: 2025 AGM – Chair's Address and CEO Presentation and Address
ASX Announcement 21 May 2025 2025 Annual General Meeting – Chair’s Address and CEO Presentation and Address Buru Energy Limited (Buru, Company) is pleased to provide the Chair’s address and Chief Executive Officer’s presentation and address for the Buru Energy Limited (ASX: BRU) 2025 Annual General
Slide 2: Chair's Address
Chair’s Address On behalf of the Board, I would like to provide some background on the last year and your company’s strategy. Our CEO, Thomas Nador will present in more detail on the current activities and plans. When preparing this address, I reviewed the address from your Chair (Mr Eric Streitberg
Slide 3: Chair's Address (continued)
From September the Board will be 3 Non-executive Directors with a broad skill set. This is the minimum number of directors required for an ASX listed company. We will review the composition and size of the Board on an ongoing basis having regard to the future activities and the appropriate aggregate
Slide 4: CEO Address
CEO Address Thank you David and good morning ladies and gentlemen. COVER SLIDE Before I begin, I’d also like to acknowledge the Traditional Owners of Country throughout Australia and acknowledge their continuing connection to land, waters and community and pay my respects to the people, the cultures
Slide 5: CEO Address: transforming from explorer to developer
SLIDE 3 Buru is transforming from an explorer to a developer. This is an exciting time in the Company’s history, as we build new capabilities, practices, establish new relationships and manage a different set of risks and opportunities to what we had in the past. We are moving from pioneers and expl
Slide 6: CEO Address: plant, wells and partnership
The proposed plant will produce up to 300 tonnes of LNG and approximately 40,000 litres of condensate, a potential diesel replacement fuel per day. Both these products will be trucked to the regional demand centres where there is existing gas fired power generation and diesel generation infrastructu
Slide 7: CEO Address: economic screening and wrap-up
SLIDE 10 The economic screening work shows robust total project commerciality. Please note these numbers are based on the 1C Contingent Resource, not our best estimate 2C or high case 3C. The numbers are based on a 250 tonne per day plant, are equity economics and ungeared in 2025 dollars. Over the
Slide 8: A focused energy company – CEO Presentation at the AGM
ASX:BRU For personal use only A focused energy company Building a compelling foundation Kimberley gas business to generate long term cashflow + growth CEO Presentation at the Annual General Meeting 21 May 2025
Slide 9: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) and has been authorised for the intended purpose by the Non-Executive Chair of Buru Energy Limited. For personal use only This presentation contains certain statements which may constitute "forward-looking
Slide 10: Focus is the key to unlocking value
Focus is the key to unlocking value Canning Basin permit rationalisation For personal use only ~60% reduction in exploration permit and production licence areas Applications submitted and approved by the Department of Energy, Mines, Industry Regulation and “In late 2024, we Safety (DEMIRS) comme
Slide 11: Transforming from an explorer to a developer
Transforming from an explorer to a developer For personal use only Find Enable Develop “Developing the Rafael Gas Project is the most energy resources resource development through with aligned partners whilst safely and the right partnerships and maintaining a material value accretive opportunity co
Slide 12: The Rafael competitive advantage
The Rafael competitive advantage For personal use only Kimberley energy system is outdated Kimberley energy system is changing Relies on trucked or imported gas and diesel WA Government plans to overhaul the Kimberley Gas: current demand 9TJ/d – trucked up to 1,400km energy system by 2028 and
Slide 13: Rafael Gas Project
Rafael Gas Project Uniquely positioned to replace a legacy, costly and insecure Existing trucked / imported Rafael Gas For personal use only Project Benefits gas and diesel energy system in the north of Project Western Australia that currently Proximity to market 840 - 1,400 km 90 – 500 km relies on
Slide 14: A low impact, low risk project
A low impact, low risk project Supports faster approvals, construction and cashflow For personal use only Project based on high confidence 1C Resource of 85 Bcf, not the best estimate (2C) or the upside resource case (3C) Small footprint (on existing cleared Rafael 1 well pad) No pipeline (tru
Slide 15: Why partner with CEFA?
Why partner with CEFA? For personal use only US private equity firm with US$40 billion in assets under management. Investments in 89 companies operating across 70+ countries. The company invests in energy, utilities, transport and telecommunication projects in Clean Energy Fuels North America, Europ
Slide 16: Glidepath to FID
Glidepath to FID For personal use only Partnering with Clean Strategic Development Binding Agreements with Final Investment Decision Energy Fuels Australia Agreement with CEFA CEFA in 4Q’25 in 4Q’25/early ‘26 (CEFA) is a material Buru and CEFA working Ahead of binding agreements, FEED package, cos
Slide 17: Project Timeline
Project Timeline For personal use only Key planned activities for 2025 1. Regulatory approvals 2. Agreement making with Traditional Owners 3. Gas / liquids marketing 4. Recompletion and testing of Rafael 1 5. Reserves Certification 6. Binding tolling / customary agreements (Early) 7. Final Investmen
Slide 18: Rafael Gas Project Economic Screening
Rafael Gas Project Economic Screening For personal use only Based on a 1C Contingent Resource of 85 Bcf of gas and 1.8 mmbls of condensate Key message - Economic screening 14TJ/d, 250t LNG/250bbls condensate/day. Field Life ~20 years. Equity economics, ungeared in 2025-dollars. demonstrates signific
Slide 19: Focused on transforming from explorer to developer
We are focused From … For personal use only on transforming from successful explorer to the developer of a material foundation Kimberley gas business with long-term cashflow and opportunity for further growth 100% owner of Rafael – the only proven significant conventional gas and condensate resource
Slide 20: Thomas Z Nador, Chief Executive Officer
For personal use only Thomas Z Nador Chief Executive Officer Buru Energy Limited Level 2, 16 Ord Street West Perth, Western Australia 6005 PO Box 1903 West Perth WA 6872 Email: info@buruenergy.com Phone: 1800 337 330 Website: www.buruenergy.com ASX:BRU
Slide 21: Company Snapshot
Company Snapshot Where We Operate Capital Structure For personal use only Founded in 2008 - a Western Shares on issue million 779.4 Australian oil and gas exploration Market Capitalisation1 $ million 29.0 and production company. Cash2 $ million 5.5 Focus is the development and Debt $ million nil
Slide 22: Company Leadership
Company Leadership For personal use only Mr David Maxwell Thomas Z Nador Independent Non-Executive Chair CEO >35yrs strategy, gas commercialisation, >25yrs strategy, resource development, commercial Leaders with deep industry risk and asset management experience and a proven Paul Bird track record o