Corporate Update Delivering Western Australias Energy Future www.buruenergy.com
Corporate and share price performance Corporate Overview Formed 2008 Ticker ASX:BRU Index S&P/ASX300 Shares on issue 336 million Share price 0.76 cps 14 Oct 6 month share price Market Cap 255 million Cash on hand 60…
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…
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…
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…
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)…
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…
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 strongly with 900km to existing tank…
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) -…
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…
Laurel Gas value creation - systematic process Current Project Phase Phase 4 Development 2016 VALUE Phase 2/3 Phase 1 PRE-FEED/ FEED Exp and Feasibility 2014-2015 Appraisal…
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…
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…
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…
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…