Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (October 2011)
23 slides from Buru Energy's investor presentation, Oct 18, 2011
Slide 1: ASX Announcement: Corporate Presentation
Buru Energy Limited ABN 71 130 651 437 Level 2, 97 William Street Perth WA 6000 PO Box 7794, Perth Cloisters Square WA 6850 Ph: 61-8 9215 1800 Fax: 61-8 9215 1899 www.buruenergy.com For personal use only ASX ANNOUNCEMENT (ASX: BRU) 18 October 2011 Corporate Presentation Buru Energy Limited (“Buru” o
Slide 2: New Australian Frontiers
For personal use only New Australian Frontiers 18 October 2011
Slide 3: Summary
Summary • Junior ASX listed Australian oil and gas exploration company For personal use only • Single focus on the underexplored Canning Superbasin in northwest Western Australia with “deep” portfolio • Huge conventional and unconventional resource potential with validated large gas accumulations wi
Slide 4: Company Background
Company Background A junior ASX listed Australian oil and gas exploration company For personal use only Our name • Buru pronounced - Boo-Roo - means “a special place” in local Aboriginal dialect Focused explorer • A focused oil and gas explorer and producer operating solely in the Canning Superbasin
Slide 5: Corporate Snapshot
Corporate Snapshot Buru provides material leverage for investors Quick facts For personal use only Tightly held stock Share price: A$0.73 (as at 14 Oct 2011) • ~50% held by top 20 shareholders Shares on issue: 213,963,477 • Four substantial shareholders (≥5% each) Options (warrants): 24,251,000 (unl
Slide 6: Our Vision
Our Vision To be the biggest domestic oil and gas producer in Western Buru’s Canning Superbasin vision Australia (“WA”) with LNG as a long term goal and to supply a significant proportion of WA’s oil needs in the short term For personal use only Oil • Oil is immediately producible and profitable Gas
Slide 7: Canning Superbasin Prospectivity
Canning Superbasin Prospectivity Enormous potential for conventional and unconventional oil and gas in the proven petroleum systems in the Superbasin (a For personal use only Superbasin is a composite basin made up of a Perspective number of smaller basins) view of Ordovician – Silurian: Thick, high
Slide 8: Canning Superbasin Exploration Environment
Canning Superbasin Exploration Environment Buru is an experienced operator and the largest The Canning Superbasin seismic and wells licence holder in the Canning Superbasin For personal use only Sporadic drilling history • Only some 170 wildcats (250 wells total) have been drilled in an area nearly
Slide 9: Canning Superbasin – Reserves/Resources
Canning Superbasin – Reserves/Resources Enormous upside for conventional and tight and shale resource plays For personal use only Current oil production Reserves and resources location • Buru has established production operations with oil infrastructure, storage and supply yards and owns a workover/
Slide 10: Canning Superbasin – Tight and Shale resources
Canning Superbasin – Tight and Shale resources The EIA identifies the Canning Superbasin as having the largest shale gas potential in Australia For personal use only The Report • The US Energy Information Agency (“EIA”) undertook a major review of global unconventional resource potential, released i
Slide 11: Canning Superbasin – Tight and Shale resources
Canning Superbasin – Tight and Shale resources Buru and NSAI have reviewed the potential Unconventional resources in the Superbasin of the Superbasin and identified 4 primary unconventional plays – all liquids rich For personal use only Resources • Combined mid range unrisked gross in-place volumes
Slide 12: International Focus on Unconventional Plays
International Focus on Unconventional Plays ConocoPhillips farming in to jointly explore New Standard’s Goldwyer Project in the Canning Superbasin For personal use only New Standard Energy • ASX listed, headquartered in Perth • Focus on onshore exploration in the Canning Superbasin with working inte
Slide 13: Canning Superbasin – Conventional Resources
Canning Superbasin – Conventional Resources Canning Superbasin has extensive conventional potential in a large number of prospects For personal use only Conventional overview • Buru’s re-evaluation has categorised the Canning Superbasin into a number of discrete sub-basins and hydrocarbon provinces
Slide 14: 2011 Drilling Overview
2011 Drilling Overview The 2011 drilling campaign underway For personal use only Two rig program • Ensign Rig#32 – 4,000 metre capacity, capable of drilling horizontal wells if required • Century Rig#7 – 3,400 metre capacity Wells completed/ underway • Valhalla-2 – first well in 2011 drilling campai
Slide 15: Canning Superbasin – Contingent Resources
Canning Superbasin – Contingent Resources Yulleroo wet gas field has major resources and is on the pathway to development. Pictor Field appraisal successful For personal use only Yulleroo Field • Conventional/tight gas resource – discovered in 1967, not appraised The Canning until 2008 when new tech
Slide 16: Valhalla-2 Results – Regional Implications
Valhalla-2 Results – Regional Implications Valhalla-2 results have significant positive implications Valhalla-2 regional setting for regional prospectivity For personal use only Valhalla accumulation • The Valhalla structure has a gas charged Laurel Formation section of in excess of 1,300 meters in
Slide 17: Paradise-1 Deepening
Paradise-1 Deepening Testing the Laurel Formation conventional and Paradise regional setting unconventional gas play For personal use only Target • Testing the Upper and Lower Laurel conventional and unconventional gas reservoirs as intersected in the Valhalla-2 well • The upper part of this prospec
Slide 18: Ungani-1
Ungani-1 Ungani-1 strong oil flow has identified a major new play type in a new geological province For personal use only Target • Well drilled on a large structural target with expectation of Laurel Formation tight gas sand/shale section Ungani-1 location • Section much more carbonate dominated tha
Slide 19: Pathways to Commercialisation – Gas and Oil
Pathways to Commercialisation – Gas and Oil The development of the identified contingent Pathway to gas commercialisation resources has two parallel workplans For personal use only Conventional gas • Prove up sufficient conventional gas reserves to support the construction of the Great Northern Pipe
Slide 20: Resources and Operations Snapshot
Resources and Operations Snapshot Buru’s portfolio has a highly prospective mix of exploration, appraisal and pre-development prospects in both conventional and unconventional play types For personal use only Production Unconventional resources • Current oil production of ~50 bopd • Buru and NSAI ha
Slide 21: Significant Achievements + Platform for Further Growth
Significant Achievements + Platform for Further Growth Buru has achieved a number of significant milestones, 500 450 creating shareholder value with a platform for further 400 growth For personal use only 350 300 250 Exploration program 200 • First well in 2011 – Valhalla-2 – has identified a very s
Slide 22: Disclaimer
Disclaimer 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 ar
Slide 23: New Australian Frontiers
For personal use only New Australian Frontiers 18 October 2011