Buru Energy Ltd · ASX:BRU
Buru Energy — Noosa Mining & Exploration Conference 2015
16 slides from Buru Energy's conference presentation, Jul 17, 2015
Slide 1: ASX Release: Corporate Presentation
ASX Release 17 July 2015 ABN 71 130 651 437 Level 2, 88 William Street Perth, Western Australia 6000 For personal use only Ph: +61 8 9215 1800 Fax: +61 8 9215 1899 www.buruenergy.com Corporate Presentation Please find attached Buru Energy Limited’s (ASX: BRU) latest corporate presentation. This pres
Slide 2: Delivering Western Australia's Energy Future
Delivering Western Australia’s Energy Future For personal use only Noosa Mining & Exploration Conference 17 July 2015 Mr Eric Streitberg, Executive Chairman www.buruenergy.com
Slide 3: Summary
Summary Who are we For personal use only What do we do The assets 2015 Program Value drivers 2
Slide 4: Buru Energy - Who are we
Buru Energy - Who are we Listed Australian company (ASX: BRU) Very focused and unique whole of basin position (~45,000 sq kms net) Highly prospective and underexplored basin For personal use only Generally 50% equity and operator. Major partners Mitsubishi & Quadrant Multiple play types wi
Slide 5: Corporate Overview
Corporate Overview 6 month share price Company Formed 2008 For personal use only Ticker ASX:BRU Index S&P/ASX300 Shares on issue 340 million Share price ~$0.41 Market Cap ~$140 million Cash on hand ~$41.9 million (at 30 June) 45,620 sq km Net Acreage 11.2 million acres Key Partners Mitsubishi, Quadr
Slide 6: Focused on high value opportunities
Focused on high value opportunities! 2007 - Unique basin wide position established (one off opportunity) 2010 - Farmed out to Mitsubishi (~$150mm deal) For personal use only 2010-2013 - Identified and quantified potential world class tight gas opportunity 2011/2102 - Discovered and appraised Ungani
Slide 7: 2015 Focus
2015 Focus Unique window of opportunity for Buru Energy Focus on core areas that have the highest prospectivity and lowest risk, For personal use only Well funded, unique low cost operating window Extensive prospect portfolio Value delivery Current climate ideal for realigning the business b
Slide 8: Ungani Oilfield
Ungani Oilfield Commercial production commenced – cash flow being generated Excellent reservoir performance - confirmed by Extended Production Test and For personal use only current initial flows Production during EPT ~470,000 bbls (gross - Buru 50%) Commercial startup process completed Traditiona
Slide 9: Oil: Conventional Prospects
Oil: Conventional Prospects Extensive high prospectivity portfolio Ungani Trend For personal use only Conventional vuggy dolomite reservoir discovered in 2011 Structures are readily imaged by geophysics Trend covers over +120 kms by 40 kms (+1 million acres) First exploration drilling underw
Slide 10: Laurel Tight Gas regional resource
Laurel Tight Gas regional resource Resource +100 TCF in the BCGS and +1Bn bbls oil (gross) - with 47 TCF gas net to Buru (**independent estimates of prospective resources) For personal use only Tight Gas Pilot Exploration (Fracc) Program Regulatory Approvals WA Environment Minister upheld EPA de
Slide 11: Conventional Gas (2016 program)
Conventional Gas (2016 program) New Geological Concepts Enhance Prospectivity Work over the last two years has defined much higher For personal use only conventional gas potential than previously recognised Ungani style prospects in the gas window particularly attractive Possible oil as well a
Slide 12: 2015 Program - Indicative Timeline
2015 Program – Indicative Timeline Q2/2015 Q3/2015 Q4/2015 For personal use only 4Q2012 UNGANI Facilities upgrade and Approvals Production U3 test UN test Atlas Ungani Ungani DRILLING Rig 2 Praslin 1 Wright Emanuel Trend2 Trend3 DDH1 Rig 31 Olympic Senagi Ophir Geophysics SEISMIC HT RAPHAEL YM 3
Slide 13: Funding
Funding Current Situation Cash end of June quarter ~$41.9M, budgeting for ~$26M at year end For personal use only Ungani development Relatively low cost - main cost is wells Broome Export facility - off balance sheet funding Cash flow positive at current oil prices Mitsubishi Funding agreeme
Slide 14: Buru Energy value drivers
Buru Energy value drivers Pivotal moment for the Buru Energy oil business For personal use only Funding in place Traditional Owner agreements secured Ungani commenced commercial production Costs driven down 5 to 7 well oil exploration program commenced May 2015 Significantly increased conventional g
Slide 15: The sun rises on the Canning Basin
For personal use only The sun rises on the Canning Basin 14
Slide 16: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer For personal use only This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru Energy"). This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected
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