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MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited

Buru Energy Limited · May 8, 2014 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 1
    For personal use only Macquarie Australia Conference 8th May 2014
  2. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 2
    Overview Highlights and Challenges For personal use only Corporate Summary Ungani Development Laurel Tight Gas Exploration Update Program and Funding Summary 2
  3. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 3
    Highlights/Advances 1. Ungani Central Field EPT producing strongly For personal use only EPT produced 100,000 bbls to end April 1,200 bopd (Ungani 2) No water, negligible pressure decline 2. Crude Export System working well 2…
  4. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 4
    Challenges/Opportunities 1. Ungani 3 result highlights importance of quality seismic For personal use only Oil saturated Ungani Dolomite section encountered, but generally tight Thickest oil saturated section penetrated to date…
  5. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 5
    Buru at a glance Corporate Overview Shareholder Structure (based on top 100 & unallocated) For personal use only Formed 2008 Ticker ASX:BRU Shares on issue 298 million, 8,700 shareholders Market Cap A345M A2.03 - A1.13 12 month…
  6. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 6
    Highly experienced & balanced Board Strong mix of technical, commercial, legal & corporate history For personal use only Graham Riley Previously founding Non-Executive Director of ARC Energy Limited and Adelphi Energy Limited…
  7. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 7
    Outstanding acreage position Focus on highest value areas whilst progressing remainder Long term position with tenure certainty For personal use only 58,000 sq km (net), 100,000 sq km (gross) continuous basin wide coverage Oil…
  8. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 8
    Corporate priorities 1. Sustainability & material returns to shareholders For personal use only Optimize Ungani to maximise cashflow In co-operation with Mitsubishi, introduce quality company to deliver major regional programs…
  9. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 9
    2014 Proving material value and derisking long term programs Ungani development Ungani 2 producing 1,200 bopd For personal use only Ungani 1 requires additional remediation Production ramp up to 1,500+ bopd Export commenced to…
  10. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 10
    Ungani oilfield export plan For personal use only Phase 1 Early production from existing Phase 2 facilities up to Targeting 2015+ 2,000bopd 3,000-5,000+bopd Low CAPEX upgrade Broome preferred to load-out facility export route…
  11. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 11
    Ungani Laurel dolomite depth map For personal use only Ungani-5 Ungani-4 Ungani-3 Ungani-2 Ungani-1 planned planned Depths 2100m below sea level 11
  12. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 12
    Ungani 3D data and mapping DUG Final Volume Geokenetics Final Volume Ungani-3 VSP Tie For personal use only Inline 1488 over Ungani-3 Current final volume from Geokenetics received end April 2014 Phase matched and Excellent tie…
  13. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 13
    High value Ungani exploration trend Potential for rapid cluster style development growth Ungani oil discovery is a play opener For personal use only Conventional Vuggy dolomite reservoir Ungani North extended play Ungani Oil Trend…
  14. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 14
    Ungani trend oil portfolio High potential for near term Ungani look-a-likes personal use only Ungani Flanks Increasing Geological Confidence (GPOS) Praslin Ungani Greater 2014 3D seismic (Jackaroo) Ungani 3D seismic Jackaroo…
  15. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 15
    Rafael prospect EP428 For personal use only Preliminary volumetrics 50mmbo or 0.5TCF prospective resources (unrisked). Rafael prospect location map 15
  16. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 16
    Laurel Gas - A potential strategic resource Background - Defined by Buru/MC JV drilling of six wells For personal use only Potential World Extensive overpressure at drillable depths Class Accumulation Sweet gas , low CO2, no H2S,…
  17. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 17
    Rapid Laurel Gas value growth Systematically derisking potential leading to major value creation For personal use only Current Project Phase Phase 4 Development 2016 VALUE Phase 2/3 Phase 1 PRE-FEED/ FEED Exp and…
  18. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 18
    Cannings geology has all the right ingredients The sheer scale of the basin may have hidden its potential For personal use only Valhalla NorthCanning 1 (2012) Fitzroy Trough Drilled in syncline Basin Yulleroo 4 (2013) 1170m…
  19. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 19
    TGS 14 Planned programme Valhalla Area 1900 Valhalla North 1 (7 fracs) Valhalla 2 (6 agreed zones) Asgard 1 (11 fracs) Valhalla North 1 For personal use only 2000 7 Hydraulic Fractures OH DST1 2002- AS1-6 2100 Depth range…
  20. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 20
    Laurel Gas: Pathway to full potential Systematic , focused, aligning stakeholders & transparent For personal use only 2013 2014 2015 2016+ Feasibility Pre FEED FEED Development Capability Build Gas Deliverability Commercial…
  21. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 21
    Buru Energy: Creating a material & sustainable growth story 2013 2014 2015 For personal use only THE PLATFORM FOR LONG MAJOR DERISKING OF GAS, OIL EXPANSION, TERM GROWTH MAJOR DERISKING OIL TREND CONFIRMING GAS VIABILITY, &…
  22. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 22
    Sustainable growth pathway High Value and Balanced Work Program For personal use only Ungani Central performing better than modelled. Require further testing and mapping to confirm final development Facilities will support rapid…
  23. MACQUARIE AUSTRALIA CONFERENCE – Buru Energy Limited – slide 23
    Focused on developing the petroleum resources of the For personal use only Canning Super Basin

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