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Corporate Update – Buru Energy Limited

Buru Energy Limited · Mar 20, 2014 · 29 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 20 March 2014
  2. Corporate Update – Buru Energy Limited – slide 2
    Overview Highlights and Challenges Corporate Summary Ungani Development & Potential Laurel Wet Gas & Potential Program and Funding Outlook 2
  3. Corporate Update – Buru Energy Limited – slide 3
    Highlights & Challenges 2013 consolidation & capability build 2014 - on the pathway to delivery Putting in place key success factors Ungani EPT commenced Stakeholder alignment Ungani 2 producing strongly Funding Ungani 1 dual…
  4. Corporate Update – Buru Energy Limited – slide 4
    Company Overview Shareholder spread Corporate details Index S&P/ASX 200 ASX Code BRU Shares on issue 298M Current share price A1.30 (19 Mar 14) Market capitalisation A387M Cash on hand (at 31 Dec 2013) A60M (no debt) 12 month…
  5. Corporate Update – Buru Energy Limited – slide 5
    Highly Experienced & Balanced Board Strong mix of technical, commercial, legal & corporate history Graham Riley Previously founding Non-Executive Director of ARC Energy Limited and Adelphi Energy Limited Independent Former Chairman of…
  6. Corporate Update – Buru Energy Limited – slide 6
    Balanced Portfolio & Sustainable Growth High Value Oil, Major Gas Appraisal & Quality Exploration Ungani Oil Field Laurel Formation - Regional Currently producing at its initial accumulation of wet gas target of 1,000 bopd 2013-2015…
  7. Corporate Update – Buru Energy Limited – slide 7
    2014 Getting it done Ungani development Ungani 1 cleanup, well underway Ungani 2 producing 1,000 bopd Production ramp up to 1,500 bopd Loading of first 30,000 barrels of oil from the Wyndham export facility Drilling Ungani 3…
  8. Corporate Update – Buru Energy Limited – slide 8
    Outstanding acreage position Focus on highest value areas whilst progressing remainder Long term position with tenure certainty 72,400 sq kms continuous basin wide coverage Oil near term cash flow with follow-up Gas potential world…
  9. Corporate Update – Buru Energy Limited – slide 9
    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…
  10. Corporate Update – Buru Energy Limited – slide 10
    Ungani Laurel dolomite depth map Ungani-1 and Ungani-3 location Ungani-2 wells Depths 2100m below sea level Viewed from the North 10
  11. Corporate Update – Buru Energy Limited – slide 11
    Ungani 3D Seismic over the field - Examples from different data processing SW U-1 U-3 NE SW U-1 U-3 NE Seismic Reprocessing Original Seismic Processing Both data sets have similar processing sequences and are preliminary products…
  12. Corporate Update – Buru Energy Limited – slide 12
    Ungani Phase 2: Full field development Major production increase and export from local port Post FID Facility Upgrade Permanent high volume export route All weather operation pipeline/road/loadout Staged FID process for optimal…
  13. Corporate Update – Buru Energy Limited – slide 13
    Ungani oilfield progression export Phase 2 Phase 1 Targeting 2015+ Early production Requires access to from existing storage or new build facilities facility Low CAPEX upgrade Existing load-out to load-out facility facilities…
  14. Corporate Update – Buru Energy Limited – slide 14
    Ungani Oilfield Update Current Status Ungani Field extended tests continue to perform well Production at 1,000 bopd with no significant water Ungani 3 interpreted to have penetrated tight Ungani Dolomite that will result in a near…
  15. Corporate Update – Buru Energy Limited – slide 15
    High value Ungani exploration trend Potential for rapid cluster style development growth Ungani oil discovery is a play opener Conventional Vuggy dolomite reservoir Ungani North extended play Ungani Oil Trend covers over 120 kms by…
  16. Corporate Update – Buru Energy Limited – slide 16
    Rafael prospect EP428 Preliminary volumetrics 50mmbo or 0.5Tcf+ potential resource Rafael prospect location map 16
  17. Corporate Update – Buru Energy Limited – slide 17
    Ungani trend oil portfolio High potential for near term Ungani look-a-likes Ungani Flanks Increasing Geological Confidence (GPOS) Praslin Ungani Greater 2014 3D seismic (Jackaroo) Ungani 3D seismic Jackaroo Appraisal and…
  18. Corporate Update – Buru Energy Limited – slide 18
    Australian unconventional gas acreage and precedent transactions Unconventional basin and company acreage locations Buru Energy / Gujarat NRE Mineral Resources EP 457, EP 458 Hess / Falcon Oil & Gas A15.0 / acre Beetaloo Basin…
  19. Corporate Update – Buru Energy Limited – slide 19
    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…
  20. Corporate Update – Buru Energy Limited – slide 20
    World Class Basin Centred Gas Potential Systematic evaluation of Laurel tight wet gas Point Torment 1 (1992) 180m Laurel gas Canning Basin Fitzroy Trough DST 60 MCFD Digital Elevation Model 50 km Yulleroo 4 (2013) TD 3846m Valhalla…
  21. Corporate Update – Buru Energy Limited – slide 21
    TGS14 Planned Programme Steps and Approximate Timing TGS14 Planned Schedule May 2014 Re-enter, clean out and confirm casing integrity of 4 of the 5 wells previously cased and suspended by Buru Energy Yulleroo 3 Yulleroo 4 Asgard…
  22. Corporate Update – Buru Energy Limited – slide 22
    TGS14 Planned Programme Yulleroo Area 2250 Yulleroo 4 (13 fracs) Yulleroo 3 (5 fracs) Yulleroo 1 Yulleroo 2 Zone TGS14 2 Fracs Class Yulleroo 4 (DST 1967) (3 stage frac 2010) 2435-2485mMD (Y4-6/2) 2515-2565mMD (Y4-6/1) Y0…
  23. Corporate Update – Buru Energy Limited – slide 23
    TGS 14 Planned Programme Valhalla Area 1900 Valhalla North 1 (7 fracs) Valhalla 2 (6 agreed zones) Asgard 1 (11 fracs) Valhalla North 1 2000 7 Hydraulic Fractures OH DST1 2002- AS1-6 2100 Depth range 2200 2355m- Zone V2-6…
  24. Corporate Update – Buru Energy Limited – slide 24
    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…
  25. Corporate Update – Buru Energy Limited – slide 25
    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…
  26. Corporate Update – Buru Energy Limited – slide 26
    Buru Energy: Creating a material & sustainable growth story 2013 2014 2015 THE PLATFORM FOR LONG MAJOR DERISKING OF GAS & TARGETED OIL EXPANSION, TERM GROWTH CONTINUOUS HIGH VALUE CONFIRMING GAS VIABILITY, EXPLORATION DRILLING…
  27. Corporate Update – Buru Energy Limited – slide 27
    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…
  28. Corporate Update – Buru Energy Limited – slide 28
    Burus vision WAs own powerhouse PHASE 1 Oil Export: 4Q 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 plants along Dampier NW Shelf…
  29. Corporate Update – Buru Energy Limited – slide 29
    Focused on developing the petroleum resources of the Canning Super Basin 20 March 2014

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