Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (December 2008)
11 slides from Buru Energy's investor presentation, December 2008
Slide 1: Who is Buru? Why is now the time to Crack the Canning?
1 1 ¾ Who is Buru? ¾ Why is now the time to Crack the Canning? ¾ What will it take? ¾ What are we doing? ¾ Why Wh we will ill succeed! d! 2 2
Slide 2: Buru Energy – who are we?
A unique q oil and gas g exploration p and production p company with very high leverage to success: ; Huge exploration portfolio ; Well funded ; Strong management ; Aggressive drilling program ; Highly leveraged to exploration success 3 3 Buru Energy – who are we? ► Buru is an Australian company wit
Slide 3: Buru Energy – Corporate structure
Buru Energy – Corporate structure ► Shares on issue 162,119,728 , , ► Options - listed 94 cent 2 year options 54,039,909 (1 for 3 to be issued post 30 Sept) ► Independent Valuation per share $0.45 to $0.65 ► Current price $0.17 $0 17 Financial Position ► Cash at Bank $82 million • Alcoa escrow amoun
Slide 4: Why is now the time?
Canning Basin – Why is now the time? The Basin has effectively been “embargoed” for 20 years ► Exploration in the Basin picked up in the early 80’s with the increase in the oil price and initial oil discoveries at Blina and associated fields ► Oil price came off in the mid-80’s followed by the stock
Slide 5: Canning Basin – What will it take?
Canning Basin – Technical transformation ► Data Exploration in the Basin missed the digital revolution in the industry – Buru now has, for the first time, a full basin-wide digital data set. Buru has engaged highly skilled industry consultants to assist with the interpretation of the massive data se
Slide 6: Canning Basin – What are we doing?
Canning Basin – What are we doing? Looking at the Basin with fresh eyes The Canning Super-Basin has three major Basins contained in it, each with its own geology and prospectivity. In a strict geological sense there is overlap between the basins but in a commercial and exploration sense each basin h
Slide 7: Finding the sweet spot
Canning Basin – What are we doing? Finding g the sweet spot p ►The Canning Basin contains several petroleum t l systems t which cover very large areas. ►The “sweet spots” that contain the majority of reserves in other Basins Comparative occupy a small area size of Perth Basin sweet compared to the s
Slide 8: Ensuring we are making money
Canning Basin – What are we doing? Ensuring g we are making g money y Current production : 9 Blina Field workovers increased production from 30 bopd to +200 bopd N New production d ti : One phrase that isn’t used in Buru: “Finding something would be a nice problem to have” O drivers Our di are tto c
Slide 9: Gas value realisation
Canning Basin – Gas value realisation Contingent gas resources Western Australia’s ► Until U til now there th has h been b no market k t ffor gas and d iin Gas Infrastructure any case the price made gas uneconomic ► However, numerous gas discoveries have been made in the Basin ► Some were not even t
Slide 10: Drilling Leverage
Canning Basin – Drilling Leverage Drilling high value prospects Stokes Bay ?? Pictor East Indicative value per $2.50 share for each of Paradise 1 the wells in the $5.00 current program is shown. Given the very large size of these Lanagan 1 prospects conservative / parameters have been applied to Law
Slide 11: A unique oil and gas exploration and production company
A unique q oil and gas g exploration p and production p company with very high leverage to success: ; Huge exploration portfolio ; Well funded ; Strong management ; Aggressive drilling program ; Highly leveraged to exploration success ; Carefully planned commercialisation strategy 21 21