Buru Energy Ltd · ASX:BRU
Buru Energy — Noosa Mining & Exploration Conference 2017
14 slides from Buru Energy's conference presentation, Jul 20, 2017
Slide 1: Corporate Presentation – Noosa Mining & Exploration Conference
ASX Release 20 July 2017 ABN 71 130 651 437 Level 2, 88 William Street For personal use only Perth, Western Australia 6000 Ph: +61 8 9215 1800 Fax: +61 8 9215 1899 www.buruenergy.com Corporate Presentation – Noosa Mining & Exploration Conference Buru Energy Limited provides the attached presentation
Slide 2: Buru Unleashed
For personal use only Buru Unleashed
Slide 3: Buru transformed
Buru transformed The old Buru: For personal use only X Largely unrecognised by the market X Not producing X Focused on long term gas project X Near term debt The four steps to a new Buru: ✓ Asset transaction with Mitsubishi that gives control and 100% of western Canning back to Buru ✓ Restart of Ung
Slide 4: Buru unleashed – driving the development of the Canning Basin
Buru unleashed – driving the development of the Canning Basin ✓ 100% ownership of oil production and exploration permits provides flexibility following acreage swap transaction with Mitsubishi For personal use only ✓ Immediate low risk development opportunity at Ungani Oilfield to significantly incr
Slide 5: Ungani Oilfield – Cornerstone Asset
Ungani Oilfield – Cornerstone Asset ▪ Ungani Oilfield in early stages of production with 2 producing wells on natural flow at ~1,250 bopd with pathway to 3,000 bopd For personal use only ▪ Independent review by GCA * confirms resources after ~600,000 barrels produced on free flow as follows: Ungani
Slide 6: Ungani Overall Development Program Phases
Ungani Overall Development Program Phases For personal use only Current Project Phase Phase 3 Phase 4 Hold production Production Rate Increase production to plateau at 3,000 bopd 3,000 bopd Phase 2 Current Production Increase production Target 1,250 bopd to 1,500 bopd PROJECT PHASE Drill Ungani 5 In
Slide 7: Ungani Accelerated Development Program – Phase (Ungani 3)
Ungani Accelerated Development Program – Phase 3 (Ungani 3) Ungani 3 For personal use only ▪ Initial Ungani 3 results very anomalous with thinner shale seal and apparent poor reservoir but oil column similar to Ungani main field ▪ Well produces oil at low rates ▪ Detailed review of 3D seismic and we
Slide 8: Ungani Accelerated Development Program – Ungani
Ungani Accelerated Development Program – Ungani 4 For personal use only 7
Slide 9: Exploration Prospect Portfolio
Exploration Prospect Portfolio Extensive high prospectivity portfolio For personal use only ▪ Proven oil play system over 150 kms in 100% acreage ▪ Range of prospect sizes up to world class potential ▪ Range of play types from proven Ungani Dolomite and Reeves discovery (UFW) to new high potential c
Slide 10: Prospect Summary – Rafael (EP428)
Prospect Summary – Rafael (EP428) Very large well defined Ungani Dolomite prospect ▪ Located 50km to the east of Ungani ▪ Well defined by modern good quality 2D seismic data (1km grid) For personal use only ▪ Many similarities to Ungani but much larger and deeper ▪ Laurel oil charge proven along the
Slide 11: Gas and Unconventional Oil Resources
Gas and Unconventional Oil Resources Gas Resources (conventional and unconventional) For personal use only ▪ Buru has 100% of the Laurel Formation tight wet gas resources in Central, Northern and Western provinces ▪ Western Gas Province includes the Yulleroo Gasfield that has appraisal drilling, fra
Slide 12: Forward Strategy - Buru unleashed
Forward Strategy - Buru unleashed ▪ 2017/18 Ungani Accelerated Development Program with For personal use only potential to increase production to 3,000 bopd and provide 50% uplift in resource base ▪ Successful Ungani resource upgrade supports the development of Broome export facilities to significan
Slide 13: Disclaimer
Disclaimer This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru Energy"). This presentation contains certain statements which may For personal use only constitute "forward-looking statements". It is believed that the expectations reflected in these statements are reasonab
Slide 14: For personal use only
For personal use only 13
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