Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (September 2019)
19 slides from Buru Energy's investor presentation, Sep 5, 2019
Slide 1: Corporate Update | September 2019
For personal use only CORPORATE UPDATE | September 2019 (ASX:BRU) 1
Slide 2: Diverse Portfolio
Diverse Portfolio Underexplored Canning Basin in For personal use only NW WA 5.5 million gross acres (3.5 million net acres) Experienced local operator with high permit equities Profitable conventional oil production from Ungani Oilfield Extensive exploration portfolio with active program Major liqu
Slide 3: Value Circle
Value Circle For personal use only OIL AND GAS Balanced HIGHLY WITH MAJOR Realising EXPERIENCED AND EXPLORATION Portfolio value WELL CONNECTED PROGRAM LOCAL OPERATOR SELF FUNDED Financial CONVENTIONAL OIL EXPLORATION AND Production PRODUCTION WITH Strength DEVELOPMENT ONGOING DEVELOPMENT CORPORATE U
Slide 4: Oil Production: Ungani Oilfield
Oil Production: Ungani Oilfield High quality For personal use only conventional oilfield Buru 50% and Operator (Roc Oil 50%) Currently producing ~1,000 bopd 2019 development program with the aim of at least doubling production Profitable at oil prices >US$30 per barrel CORPORATE UPDATE SEP 2019 (ASX
Slide 5: Ungani Oilfield: 2019 Program
Ungani Oilfield: 2019 Program Two horizontal production wells For personal use only being drilled (U6H/U7H) Wells being drilled by NGD 405 rig and then coil tubing unit for horizontal reservoir section Wells drilled with NGD 405 rig to top of reservoir Reservoir sections drilled with coil tubing uni
Slide 6: Ungani Oilfield: 2019 Program – current status
Ungani Oilfield: 2019 Program – current status Ungani 6H For personal use only Ungani 6H suspended above reservoir with short (30m) shale section exposed Expandable liner to be run with Buru Jacking Platform in mid-September to provide isolation to reservoir Ungani 7H Ungani 7H currently being drill
Slide 7: Outstanding Exploration Potential
Outstanding Exploration Potential High potential exploration portfolio For personal use only Variety of play types (carbonates and clastics) and petroleum systems Proven conventional Dolomite play over 150 kms strike length Basin-wide Reeves Sandstone potential significantly upgraded by Adoxa 1 resu
Slide 8: Drilling Program: Adoxa (Yakka Munga Structure)
2019 Drilling Program: Adoxa 1 (Yakka Munga Structure) Regional potential substantially Adoxa 1 For personal use only upgraded by well results Thick sealing units not previously seen in the basin substantially enhance regional prospectivity Oil shows in good quality sands Potential oil zone at ~1900
Slide 9: Drilling Program: Miani (Buru 100%)
2019 Drilling Program: Miani (Buru 100%) Miani 1 Large Hydrothermal Dolomite For personal use only feature on the Lennard Shelf 100% Buru areas (L8) Well defined by 3D seismic Nullara reef edge carbonates faulted and extensively altered to produce a “sag” feature Analogs including Ladyfern in northe
Slide 10: Drilling Program: Miani technical review
2019 Drilling Program: Miani technical review Shallow (2,400m) low For personal use only operational risk well to test the prospect Number of similar follow up prospects to Miani well defined on the 3D seismic over the area Location with good infrastructure and a long history of oil exploration and
Slide 11: Drilling Program: Miani Prospective Resources
2019 Drilling Program: Miani Prospective Resources The Prospective Resources of the Miani prospect are estimated as follows. For personal use only These estimates have been compiled by Mr Eric Streitberg who is a Qualified Petroleum Resources Evaluator. Mr Streitberg who is an employee of Buru Energ
Slide 12: Drilling Program: Rafael (now deferred)
2019 Drilling Program: Rafael 1 (now deferred) Rafael 1 Very large well defined For personal use only structure on good quality 2D seismic Over 300 metres of mapped closure (world scale) Most likely Nullara carbonates – similar to the Blina Field Interpreted excellent seal over the reservoir Oil sou
Slide 13: Program: Blina Yellowdrum (Buru 100%)
2019 Program: Blina Yellowdrum (Buru 100%) Blina Field has produced For personal use only mostly from the Nullara Formation and also has an Blina upper producing horizon equivalent to the Ungani Dolomite (Yellow Drum Formation) Historical production of 400,000 barrels from lower zone of Yellow Drum
Slide 14: Program: Yulleroo conventional gas (Buru 100%)
2019 Program: Yulleroo conventional gas (Buru 100%) Yulleroo Gasfield has substantial For personal use only proven resources of tight wet gas Resource also has potential for Yulleroo conventional gas with high liquids content (oil and condensate) Several zones identified in Yulleroo 3 and 4 wells wi
Slide 15: Program: Indicative Timetable
2019 Program: Indicative Timetable For personal use only CORPORATE UPDATE SEP 2019 (ASX:BRU) 15
Slide 16: Financial and Corporate
Financial and Corporate ORDINARY SHARES ON ISSUE 432M MARKET CAPITALISATION ~A$110M For personal use only CASH (AS OF 30 JUNE 2019) $58.8M DEBT (AS OF 30 JUNE 2019) $4.5M ~50% SOPHISTICATED AND REGISTER INSTITUTIONS ASX:BRU ~7% MANAGEMENT AND DIRECTORS TURNOVER ~8m SHARES PER MONTH $0.39 May, 2018 0
Slide 17: Why Invest?
Why Invest? For personal use only PROFITABLE, NEAR TERM STRONG BALANCE UNIQUE IN THE SMALL LOW COST OIL DRILLING SHEET AND CAP SECTOR – PRODUCER WITH ACTIVITY ON POSITIVE CASH PRODUCTION, CONTROL OVER LARGE PROSPECTS FLOW FROM BALANCE SHEET AND ACTIVITY WITH LARGE PRODUCTION TO EXPLORATION EQUITIES
Slide 18: Important Notice
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 are reasonabl
Slide 19: For personal use only
For personal use only LEVEL 2, 16 ORD STREET WEST PERTH INFO@BURUENERGY.COM WESTERN AUSTRALIA 6005 1800 337 330 BURUENERGY.COM CORPORATE UPDATE | Sep 2019 (ASX:BRU) 19