Buru Energy Ltd · ASX:BRU

Buru Energy — Good Oil conference 2016

20 slides from Buru Energy's conference presentation, Sep 14, 2016

  1. Slide 1: Corporate Presentation ASX Release

    ASX Release 14 September 2016 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 Buru Energy Limited provides the attached Corporate Presentation made today by Eric Strei

  2. Slide 2: Corporate Update

    For personal use only Corporate Update 14 September 2016

  3. Slide 3: It's been a tough year!

    It’s been a tough year! ↓ Oil price collapsed ↓ Markets were dire For personal use only ↓ Budgets slashed ↓ Exploration collapsed ↓ Contractors went under But we survived and came out fighting Successful frac program Another landmark Native Title Agreement Made an oil discovery Replenished the prosp

  4. Slide 4: Overview of Buru Energy's unique position

    Overview of Buru Energy’s unique position Key asset value drivers  Huge gas resource For personal use only  High potential oil business  High equities of ~50% in all core permits  Minimal work commitments to hold acreage  Major international partner – Mitsubishi  Operator of all core permits w

  5. Slide 5: Corporate History

    Corporate History For personal use only 2007-2010 2010-2013 2013-2016 Building the Discovery and Oil Devmt Platform appraisal and gas frac  Unique basin wide position  Identified and quantified Laurel  Ungani developed and brought established (one off opportunity) Formation potential world class

  6. Slide 6: Resource setting

    Resource setting Unique whole of basin program  Working in the basin since 2006  Frontier area but now unravelling the geology For personal use only  Systematic step by step process Oil  High quality conventional reservoirs  Two petroleum systems  Well defined prospects with systematic explora

  7. Slide 7: Oil Business

    For personal use only Oil Business 6

  8. Slide 8: Ungani Oilfield – Game changer for the Canning Basin

    Ungani Oilfield – Game changer for the Canning Basin Discovery – 2011, first new field discovery in the Canning for 30 years. For personal use only Development process influenced by precedent setting agreements. Resource  4 way dip closed feature – 3D seismic defines the reservoir gross rock volume

  9. Slide 9: Ungani Oilfield – Resource Volumes

    Ungani Oilfield – Resource Volumes Resource volumes  Independent review by GCA confirms 2C resources For personal use only  Buru’s interest is 50% of these estimates Ungani Oilfield Contingent Resources (100%WI, MMstb) P90 P50 P10 Original in place 8.99 16.13 32.30 Estimated Ultimate Recovery (EUR

  10. Slide 10: Ungani Oilfield – Current Status

    Ungani Oilfield – Current Status Current Status  Excellent reservoir performance confirmed by recent production For personal use only  Production to date ~600,000 bbls gross  Production Licence start date 16 July 2015  Production suspended 26 January 2016  Suspension cost minimal – positioned f

  11. Slide 11: Forward program

    Forward program Evaluation program  Drilling has focused on gas until 2015 program  2015 program drilling program - oil discovery at For personal use only Ungani Far West and trend extender at Praslin/Senagi  Extensive 3D seismic surveys also acquired  JV program re-evaluating all data to define

  12. Slide 12: Gas Resources

    For personal use only Gas Resources 11

  13. Slide 13: Laurel Formation Tight Wet Gas Continuous Resource

    Laurel Formation Tight Wet Gas Continuous Resource  The accumulation is a basin centred tight gas accumulation defined by numerous historic wells and 8 wells drilled by Buru and the For personal use only current JV  The gas is hosted in a thick (+1500 metres) multi zone accumulation of tight sands

  14. Slide 14: Laurel Formation Tight Wet Gas Continuous Resource

    Laurel Formation Tight Wet Gas Continuous Resource Program outcomes  Updated resource report provided by D&M - Substantial Contingent Resources defined For personal use only  2C – 1.5 TCF with clear path to +3 TCF Unrisked 1C 2C 3C Contingent Resources (MMbbl/BCF) (MMbbl/BCF) (MMbbl/BCF) Condensat

  15. Slide 15: Laurel Formation Tight Wet Gas - Project Phase

    Laurel Formation Tight Wet Gas - Project Phase For personal use only Current Project Phase Phase 4 Development Phase 1 Phase 2/3 VALUE Appraisal Wells, seismic, 2013-2015 Commercialisation trial frac <2013 Seismic + Fracs PROJECT PHASE Prove flow to surface and Demonstrate Establish initial pad, Def

  16. Slide 16: Gas Commercialisation Strategy Overview

    Gas Commercialisation Strategy Overview Step by step commercialisation strategy with ultimate aim of delivering TCF’s into pipeline gas and existing LNG projects For personal use only  Micro project (<1 mmcfd) – Gas supply from existing wells to local markets including indigenous community power an

  17. Slide 17: Corporate

    For personal use only Corporate 16

  18. Slide 18: Community engagement

    Community engagement Philosophy and practice  Education programs based on facts For personal use only  Support of independent expert advice for communities  Extensive baseline studies & mapping  Continuous, comprehensive and transparent monitoring Independent Review process for fraccing – Wider

  19. Slide 19: Buru Energy Value Drivers

    Buru Energy Value Drivers Sole focus on the Canning Superbasin in the Northwest WA For personal use only Secure strategic acreage position of gross ~33,200 sq kms / 8.2 million acres (4.1 million net acres) Balance sheet in good shape New trend oil discovery ready for production Large oil prospect i

  20. Slide 20: For personal use only

    For personal use only

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