Skip to main content Corporate Update – Buru Energy Limited Investor Presentation | Shale Experts
Loading...
Pm

Corporate Update – Buru Energy Limited

Buru Energy Limited · Sep 22, 2014 · 22 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. Corporate Update – Buru Energy Limited – slide 1
    Corporate Update Delivering Western Australias Energy Future 22 September 2014 www.buruenergy.com
  2. Corporate Update – Buru Energy Limited – slide 2
    Corporate and share price performance Corporate Overview Formed 2008 Ticker ASX:BRU Index S&P/ASX300 Shares on issue 298 million (pre raising) Share price 0.80 cps 6 month share price Market Cap 240 million (pre raising)…
  3. Corporate Update – Buru Energy Limited – slide 3
    Capital raising Summary Cornerstone Investor Placement 20 million Eligible Shareholder Placement 8 million Share Purchase Plan Capped at 12 million, not underwritten Maximum Total Funds Raised 40 million Fully funded 2014/2015 work…
  4. Corporate Update – Buru Energy Limited – slide 4
    Buru investment drivers Extensive basin wide acreage spread in the most underexplored onshore Australian basin Significant oil and gas potential in conventional reservoirs with current oil production from Ungani field Multi TCF tight…
  5. Corporate Update – Buru Energy Limited – slide 5
    Restructured board RESTRUCTURED BOARD TO REFLECT SIGNIFICANT Eric Streitberg CHANGE IN COMPANY OPERATIONAL FOCUS Executive Chairman +40 years experience in petroleum geology, Board now has three independent non-executives and…
  6. Corporate Update – Buru Energy Limited – slide 6
    Management team with capacity to deliver RESTRUCTURED MANAGEMENT TEAM WITH FOCUS ON DELIVERY Streamlined management structure to reduce duplication and number of consultants Flattened management structure and increased accountability…
  7. Corporate Update – Buru Energy Limited – slide 7
    Business structure CONVENTIONAL GAS AND OIL Ungani Oil Field play opening discovery Regional follow-up potential Low cost development with short term cash flow generation Oil provides benefits to all stakeholders in short time…
  8. Corporate Update – Buru Energy Limited – slide 8
    Outstanding whole of basin acreage position MAJOR LONG TERM POSITION WITH TENURE CERTAINTY Regional acreage position Continuous basin wide coverage gross 93,007 sq kms (22.9 million acres) - 640km by 250km (450 miles by 150 miles)…
  9. Corporate Update – Buru Energy Limited – slide 9
    Buru controls the highest potential acreage THREE MAJOR PETROLEUM SYSTEMS Ungani oil trend High quality conventional reservoirs Prolific oil source rocks Well defined prospects Laurel Formation Potential giant gas accumulation…
  10. Corporate Update – Buru Energy Limited – slide 10
    Ungani field overview UNGANI DISCOVERY A GAME CHANGER FOR THE CANNING BASIN Resource Substantial oil column (+50m) in very high quality conventional dolomite reservoir confirmed by two wells. Third well has lower productivity and…
  11. Corporate Update – Buru Energy Limited – slide 11
    Ungani EPT overview Transport to Storage & export Shipping to Ungani Field Wyndham Tank from Wyndham refinery Farm EPT production Oil Trucking Port Facility Crude shipping U2 well producing very 900km to existing tank Wyndham…
  12. Corporate Update – Buru Energy Limited – slide 12
    Ungani: Way forward POST EPT DEVELOPMENT Optimise shipping export route Minimise wet weather downtime - field pipeline/road/loadout Staged development process for optimal development Additional wells required together with produced…
  13. Corporate Update – Buru Energy Limited – slide 13
    Laurel Gas CONTROLLED BY BURU/MITSUBISHI JV Upside Regional scale gas accumulation Basic centred tight wet gas (BCGS) High deliverability conventional reservoirs present Resource +100 TCF in the BCGS and +1Bn bbls oil (gross) -…
  14. Corporate Update – Buru Energy Limited – slide 14
    Trial reservoir stimulation proves tight gas potential THE YULLEROO 2 STIMULATION AND TEST VALIDATES THE TIGHT GAS POTENTIAL OF THE BASIN Yulleroo wells have defined a 700 to 800 meters tight gas column with thin conventional…
  15. Corporate Update – Buru Energy Limited – slide 15
    Laurel Formation tight gas pilot exploration program Program has undergone intense regulatory and community scrutiny Buru Energy is committed to transparency and disclosure Adopted very open, proactive and factual approach…
  16. Corporate Update – Buru Energy Limited – slide 16
    Laurel Formation tight gas pilot exploration program overview PREPARATION FOR STIMULATION (FRACCING) ACTIVITY Extensive baseline modelling Best practice reviews Community Engagement Stimulate up to four wells and flow back Possible…
  17. Corporate Update – Buru Energy Limited – slide 17
    Exploration and appraisal program APPRAISAL AND TEST EXPLORATION DRILLING SEISMIC ACQUISITION Ungani 1 - workover Commodore 1 2D surveys (988 kms) Ungani North - test Olympic 1 3D survey (240 sq kms) Ungani 3 - workover and test…
  18. Corporate Update – Buru Energy Limited – slide 18
    High value conventional oil exploration UNGANI OIL DISCOVERY IS A PLAY OPENER OTHER CONVENTIONAL OIL PLAYS Conventional vuggy dolomite reservoir Paradise area - test of Paradise oil discovery planned, Ungani Nth proved extensive…
  19. Corporate Update – Buru Energy Limited – slide 19
    Drilling program shift to more cost efficiency LOWER COST FIXED PRICE EXPLORATION DRILLING Need for step change recognised after review of previous 5 years of drilling JV have agreed to contract DDH1 Rig 31, a UDR5000 highly mobile…
  20. Corporate Update – Buru Energy Limited – slide 20
    Funding secured for 2014/2015 planned programs CURRENT SITUATION Ungani development Relatively low cost - main cost is wells Export facility - off balance sheet funding Strongly cash flow positive when in production rather than EPT…
  21. Corporate Update – Buru Energy Limited – slide 21
    Buru Energys vision PHASE 1: Oil Export: 2013-2025+ Oil export facility, 1-2+mmbo/yr export Broome Wyndham Port Hedland PHASE 4: LNG sales 2020+ New or gas sales to existing LNG Dampier plants along NW Shelf PHASE 2: Powering…
  22. Corporate Update – Buru Energy Limited – slide 22
    Energising Western Australia 23

From the store

Browse maps, data & reports in the Shale Experts store