Delivering Our Potential WAs Own Powerhouse Dr Keiran Wulff Annual General Meeting Managing Director November 12 2013 www.buruenergy.com
Overview 2013 Highlights & Challenges Capability Building Program Ungani Development Laurel Wet Gas Exploration Program and Funding Outlook 2
Highlights & Challenges 2013 a year of consolidation & capability build Putting in place key success factors Stakeholder alignment Funding Equipment Capability Positioning Buru for value delivery and an exciting future: 9 Oil…
Outstanding acreage position Focus on highest value areas whilst progressing remainder Long term position with tenure certainty 64,000 sq kms continuous basin wide coverage Oil near term cash flow with followup Gas potential world…
The way forward Unlocking value is achieved by aligning key stakeholders Strong and enduring Traditional Owner relationships Proactive Community engagement and transparent activities Skills development, job creation and contracting…
2013 Getting ready in the field Positive community engagement 9 Heritage and monitoring 9 Cultural awareness training 9 PL negotiations well advanced 9 Community and schools support 9 Contracting and employment Drilling preparations 9…
Building capability to deliver Internationally experienced & proven management team MANAGING DIRECTOR Executive Director 2013 Hires Dr Keiran Wulff Eric Streitberg (ex Oil Search, Phillips) HEALTH, OPERATIONS COMMUNITY SAFETY…
Ungani Phase 1: EPT Project Overview Transport to Storage & export Shipping to Ungani Field Wyndham Tank Farm from Wyndham refinery Discovered 2011 Trucking of crude Crude oil storage Crude shipping 50m+ oil column, 900km to…
Ungani Structure (2D versus 3D seismic imaging) Improved resolution assisting development planning 2010 (2D) 2013 (3D) 2D Line 82-146 3D Pre-STM Fastrack inline 1452 Delivered 4th November 9
Ungani Laurel dolomite depth map Proposed Ungani-1 and Ungani-3 location Ungani-2 wells Depths 2100m below sea level Viewed from the North 10
Ungani Phase 2: Full field development Major production increase and export from local port Post FID (after U3 well) Facility Upgrade Permanent high volume export route All weather operation pipeline/road/loadout Staged FID process…
Ungani oil development Clear value realisation and growth path Phase 3 2015+ 15,000 bbl/day Ungani Cluster development (Ungani plus new field discoveries) Ungani Phase 2 2014 5,000 bbl/day Full Field Development…
Laurel Gas A potential strategic resource Independent analysis estimates P50 Prospective Resource 47 Tcf net to Buru Potential world class accumulation Extensive overpressure at drillable depths Sweet gas , low CO2, no H2S, high…
High value Ungani exploration trend Potential for rapid cluster style development growth Ungani oil discovery is a play opener Conventional Vuggy dolomite reservoir Ungani Nth extended play Structures are readily imaged by…
Ungani trend oil portfolio High potential for near term Ungani lookalikes Ungani Flanks Increasing Geological Confidence (GPOS) Praslin Ungani Greater 2014 3D seismic (Jackaroo) Ungani 3D seismic Jackaroo Appraisal and develop…
Well balanced capital management program Minimal dilution, activity based & supports quality program 2013 2014 FORECAST NET BURU EXPENDITURE & SOURCES (does not include SPP funds or Ungani revenue) 160.0 Aug 13 A100M+ Capital…
Well balanced capital management program Minimal dilution, activity based & supports quality program Ungani Oilfield A92M gross, 46M net, for full field development at up to Fully Funded Forward Program* 7,500 bopd Laurel…
Buru Energy: Creating a material & sustainable growth story 2013 2014 2015 BUILDING THE PLATFORM FOR MATERIAL CASH FLOW TARGETED OIL EXPANSION, LONG TERM GROWTH MAJOR DERISKING OF GAS & CONFIRMING GAS VIABILITY, CONTINUOUS HIGH…
Sustainable growth pathway High Value and Balanced Work Program Focus on Ungani development and cash flow Definitive gas program and pathway to commercialisation Focus on Ungani trend exploration and Derisking other areas ahead of…
Burus vision WAs own powerhouse PHASE 1 Oil Export: 4Q 20132025+ Oil export facility, 12+mmbo/yr export Broome Wyndham Port Hedland PHASE 4 : LNG sales 2020+ New or gas sales to existing LNG plants along Dampier NW Shelf PHASE…
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