Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (May 2018)
15 slides from Buru Energy's investor presentation, May 8, 2018
Slide 1: ASX Release: Corporate Presentation
ASX Release For personal use only 8 May 2018 Corporate Presentation Buru Energy Limited provides the attached updated Corporate Presentation. Visit www.buruenergy.com for information on Buru Energy’s current and future activities. For investor inquiries please contact Buru Energy: Telephone: +61 8 9
Slide 2: Corporate Overview
Corporate Overview For personal use only 8 May 2018
Slide 3: Investment drivers
Investment drivers For personal use only Profitable oil producer Long life early stage oilfield Basin wide acreage position Excellent running room Near term high potential oil exploration
Slide 4: Corporate Overview
Corporate Overview Capital Structure Share Register For personal use only Formed 2008 Ticker ASX:BRU Index S&P/ASX All Ords Shares on Issue ~432 million Share Price ~A$0.36 Market Cap ~A$150 million Board and management Cash on Hand ~A$9.6 mm as at 31 March significant holders Board and Management 1
Slide 5: Company overview
Company overview ▪ Local ASX listed ▪ Mkt cap ~$150 million For personal use only ▪ ~30 staff based in Perth and Broome ▪ Extensive oil and gas exploration permit holder focused in the Canning Basin (gross 5.4 mm acres, 22,000 sq km) ▪ Long term local operator of all permits ▪ Profitable oil produce
Slide 6: Oil production: Ungani Oilfield
Oil production Ungani Oilfield ▪ Conventional oilfield discovered in 2011 For personal use only ▪ First oil discovery since the 80’s in the Kimberley ▪ 70 km east of Broome ▪ High quality oil (37 deg API), high flow rate conventional reservoir ▪ Easy and simple production and storage system ▪ Oil tr
Slide 7: Ungani Oilfield development
Ungani Oilfield development ▪Drilled U4 and 5 For personal use only ▪Installed ESP’s in U1 and U2 ▪Installed new oil tanks ▪Installing flow lines to U4 and U5 ▪Shut-in in January due to road closure ▪Production restarted from Ungani 1 and Ungani 2 on 3 May 2018 ▪Ungani 5 flowed +1,200 bopd and curre
Slide 8: Ungani Oilfield – Commercial
Ungani Oilfield – Commercial Commercial ▪ Production rate target of 3,000 bopd For personal use only ▪ Minimal increase in fixed field opex as production rate increased Sales ▪ Crude is sold FOB Wyndham to Trafigura at fixed discount to Brent FTA quad with ~880 bbls Crude tanker at Wyndham Port ▪ Th
Slide 9: Exploration Drilling Program
Exploration Drilling Program Targeting proven play - Ungani Dolomite oil For personal use only ▪ Drilling large “lookalikes” to Ungani and new conventional oil plays ▪ Extensive 3D seismic surveys ▪ Defined a prospective area around Ungani and along the geological trend for over 200 kms ▪ Planned ex
Slide 10: Forward program
Forward program Drilling Program ▪Planning for 3 conventional oil wells on high For personal use only potential targets ▪Current candidates Ungani West, Kurrajong, Yakka Munga ▪DDGT1 rig stacked at Ungani 4 being refurbished/maintained for program start in 3rd quarter ▪Exploration program extent dep
Slide 11: Unconventional Gas and Oil Resources
Unconventional Gas and Oil Resources Laurel Tight Gas ▪ Major gas accumulation in the For personal use only geological centre of the basin ▪ Stretches from east of Broome to west of Fitzroy Crossing ▪ Has been best defined at Yulleroo 70km east of Broome ▪ Requires fraccing to be commercially viable
Slide 12: Funding and Commitments
Funding and Commitments ▪ Cash: ~A$9.6 mm (31 March 2018) ▪ Debt: Remaining Alcoa debt of $7.5 mm over 3 years For personal use only with repayment profile aligned to forward oil production levels ▪ Overheads: “lean and mean” and fit for purpose ▪ Cash flow: Oil price increase to ~A$100/bbl provides
Slide 13: Forward Strategy for value add
Forward Strategy for value add ▪ Oil Production • 2017/18 Development Program completed with target of For personal use only production increase to 3,000 bopd in second quarter • Potential development of alternative export facilities under consideration • Other ways to increase margins being investi
Slide 14: Contact
Contact For personal use only Buru Energy Limited Eric Streitberg Executive Chairman ericstreitberg@buruenergy.com Office: 08 9215 1800 Mobile: +61 411 803 993 www.buruenergy.com
Slide 15: 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