Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (November 2023)
19 slides from Buru Energy's investor presentation, Nov 29, 2023
Slide 1: Investor Webinar Presentation (ASX Announcement)
ASX Announcement 29 November 2023 Investor Webinar Presentation Buru Energy Limited (Buru) (ASX: BRU) is pleased to provide its Investor Webinar Presentation. The presentation will be made by the Buru Chief Executive Officer Thomas Nador as part of the Investor Webinar to be held on Wednesday 29 Nov
Slide 2: Investor Webinar 29 November 2023
For personal use only Investor Webinar 29 November 2023 9am AWST / 12 noon AEDT Thomas Z Nador CEO
Slide 3: Disclaimer
Disclaimer This material has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru”) No representation or warranty, expressed or implied, is made by Buru or any other and has been authorised for release to the ASX by the Non-Executive Chairman. person that the material contained in this pre
Slide 4: Buru Energy Overview
BURU ENERGY OVERVIEW Committed to delivering material growth as an integrated energy business For personal use only Who we are Founded in 2008, we are an ASX listed diversified energy company focused on exploration and production of hydrocarbon and alternative energy resources in Australia. Buru has
Slide 5: Our Strategy
OUR STRATEGY Balancing short-medium term returns from hydrocarbon focused business with longer term new energy businesses For personal use only Find Enable Develop Evolve Pursue energy resources opportunities through with a material complementary other compatible safely and the right partners and in
Slide 6: Our Assets - Onshore Canning Basin, WA
OUR ASSETS - ONSHORE CANNING BASIN, WA Strategic located and operated acreage position for hydrocarbon exploration and development Area ~22,000 km2 For personal use only Granted Permits 12 (7 EPs, 5 PLs) Equity 100% (EP457 with 60%) Discoveries Yulleroo (2011), Ungani (2012), Rafael (2021) Strategy
Slide 7: Our Assets - 2H Resources Operating Areas
OUR ASSETS - 2H RESOURCES OPERATING AREAS Early mover in energy transition and energy expansion 2H Resources in SA Area ~30,000 km2 (SA); ~35,000 km2 (WA) For personal use only Pending Permits (SA) 7 PELAs & 2 GSELAs Applications (WA) 6 SPA-AOs Equity 100% for PELAs; 75%-100% for SPA-AOs Strategy
Slide 8: The Buru Investment Thesis
THE BURU INVESTMENT THESIS Complementary asset and value streams focused on shareholder returns For personal use only Dominant position in underexplored onshore Canning Basin with a significant portfolio of 1 exploration and development opportunities. 100% owner and operator of the Rafael discovery
Slide 9: Key Focus - Commercialising the Rafael Conventional Wet Gas Discovery
KEY FOCUS – COMMERCIALISING THE RAFAEL CONVENTIONAL WET GAS DISCOVERY Uniquely placed in an emerging onshore energy basin where upstream is co-located with CCS and renewables For personal use only Abundant solar resources to complement development Established significant gas and condensate resource
Slide 10: Rafael Commercialisation Gaining Traction
Shortlist 3 Development Complete Partners RAFAEL COMMERCIALISATION GAINING TRACTION Placed 3D long lead Seismic items interp. orders to 2 Appointed protect GHD for 2024 Appointed Objectives for 2023 Miro Capital pre-FEED appraisal For personal use only for next engineering Create and maintain value
Slide 11: Rafael Field Appraisal Program
1 RAFAEL FIELD APPRAISAL PROGRAM Completed - Well test Rafael 1 Test with flow from • Flow testing of limited zone demonstrated excellent quality gas with less than 2% inerts (CO2) restricted zones For personal use only and rich condensate with no pressure depletion or reservoir boundaries observed.
Slide 12: Phased Execution Strategy Mitigates Subsurface Uncertainty
1 PHASED EXECUTION STRATEGY MITIGATES SUBSURFACE UNCERTAINTY Deliver early cashflows on known resource, and significant upside on appraisal success Staged Development Indicative Development Schedule For personal use only Independently certified resource potential1 provided basis for Concept Select
Slide 13: Rafael Partner Selection Process in Progress
2 RAFAEL PARTNER SELECTION PROCESS IN PROGRESS Formally soliciting interest for a discovered gas resource with a clear pathway to a clean energy development at scale enabled by material Carbon Capture and Storage (“CCS”) potential Rafael gas-condensate field has been independently assessed with up
Slide 14: Resource Upside a Key Element of Securing a Strategic Partner
2 RESOURCE UPSIDE A KEY ELEMENT OF SECURING A STRATEGIC PARTNER Buru’s acreage offers significant exploration potential Exploration to support Rafael backfill For personal use only across diverse and proven conventional plays New prospects and play insights from 2021 seismic and drilling campaign
Slide 15: Rafael Ultra Fast Track Comparison with Vintage 2D
3 RAFAEL ULTRA FAST TRACK COMPARISON WITH VINTAGE 2D Significant data quality uplift and well tie anticipated to allow confident interpretation of reservoir and seal packages Rafael 1 Rafael 1 SSW NNE SSW NNE For personal use only 2.5 km 2.5 km BEFORE - 2013 (2D) AFTER - Ultra Fast Track (3D) 14 Inv
Slide 16: Significant Value Upside Exposure via New Energy Business
SIGNIFICANT VALUE UPSIDE EXPOSURE VIA NEW ENERGY BUSINESS Unparalleled understanding of greenhouse gas (GHG) storage potential in Actively developing the geological expertise to ensure 2H Resources can be at For personal use only the Canning Basin. the forefront of the exploration and production
Slide 17: Summary Investment Drivers
SUMMARY INVESTMENT DRIVERS Buru continues to deliver on its strategy to realise significant value from its Rafael discovery through 1 focus on rigorous execution and capital management. For personal use only 3D seismic acquisition completed on time and on budget with early insights available in late
Slide 18: Q&A
For personal use only Q&A 17 Investor Webinar | 29 November 2023
Slide 19: 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