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CORPORATE UPDATE – Buru Energy Limited

Buru Energy Limited · May 1, 2014 · 21 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 May 2014
  2. CORPORATE UPDATE – Buru Energy Limited – slide 2
    Overview Highlights and Challenges Corporate Summary Ungani Development Laurel Tight Gas Exploration Update Program and Funding Summary 2
  3. CORPORATE UPDATE – Buru Energy Limited – slide 3
    Highlights/Advances 1. Ungani Central Field EPT producing strongly Current EPT produced 100,000 bbls to end April 1,200 bopd (Ungani 2), no water, negligible pressure decline 2. Crude Export System working well Two shipments (71,270…
  4. CORPORATE UPDATE – Buru Energy Limited – slide 4
    Challenges/Opportunities 1. Ungani 3 result Oil saturated Ungani Dolomite section encountered Thickest oil saturated section penetrated to date Currently swabbing well - recovering oil and drilling fluid Although well is tighter than…
  5. CORPORATE UPDATE – Buru Energy Limited – slide 5
    Buru at a glance Shareholder Structure (based on top 100 & unallocated) Corporate Overview Formed 2008 Ticker ASX:BRU 298 million Shares on issue 8,700 shareholders Market Cap A345M A2.03 - A1.13 12 month price range A1.57 (average…
  6. CORPORATE UPDATE – Buru Energy Limited – slide 6
    Highly experienced & balanced Board Strong mix of technical, commercial, legal & corporate history Graham Riley Previously Non-Executive Director of ARC Energy Limited, Adelphi Energy Limited and Target Energy Limited Independent…
  7. CORPORATE UPDATE – Buru Energy Limited – slide 7
    Outstanding acreage position Focus on highest value areas whilst progressing remainder Long term position with tenure certainty 58,000 sq km (net), 100,000 sq km (gross) continuous basin wide coverage Oil near term cash flow with…
  8. CORPORATE UPDATE – Buru Energy Limited – slide 8
    2014 Proving material value and derisking long term programs Ungani development Ungani 2 producing 1,200 bopd Ungani 1 requires additional remediation Production ramp up to 1,500+ bopd Export commenced to Asian refineries Drilling…
  9. CORPORATE UPDATE – Buru Energy Limited – slide 9
    Ungani oilfield export plan Phase 1 Early production from existing facilities up to Phase 2 2,000bopd Targeting 2015+ Low CAPEX 3,000-5,000+bopd upgrade to load- Broome preferred out facility export route Smaller parcels…
  10. CORPORATE UPDATE – Buru Energy Limited – slide 10
    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…
  11. CORPORATE UPDATE – Buru Energy Limited – slide 11
    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…
  12. CORPORATE UPDATE – Buru Energy Limited – slide 12
    Illustrative Ungani style prospect Preliminary and illustrative probabilistic volumetric estimates of the Rafael prospect Prospective Resources. Buru has a 50% interest in the Best Estimate of Prospective Recoverable Resources…
  13. CORPORATE UPDATE – Buru Energy Limited – slide 13
    Laurel Gas - A potential strategic resource Background - Defined by Buru/MC JV drilling of six wells Potential World Extensive overpressure at drillable depths Class Accumulation Sweet gas , low CO2, no H2S, high liquids Conventional…
  14. CORPORATE UPDATE – Buru Energy Limited – slide 14
    Rapid Laurel Gas value growth Systematically derisking potential leading to major value creation Current Project Phase Phase 4 Development 2016 VALUE Phase 2/3 Phase 1 PRE-FEED/ FEED Exp and Feasibility 2014-2015…
  15. CORPORATE UPDATE – Buru Energy Limited – slide 15
    Cannings geology has all the right ingredients The sheer scale of the basin may have hidden its potential Valhalla NorthCanning 1 (2012) Fitzroy Trough Drilled in syncline Basin Yulleroo 4 (2013) 1170m Laurel 50Gas km Digital…
  16. CORPORATE UPDATE – Buru Energy Limited – slide 16
    TGS 14 Planned programme Valhalla Area example of technical process 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…
  17. CORPORATE UPDATE – Buru Energy Limited – slide 17
    Laurel Gas: Pathway to full potential Systematic , focused, aligning stakeholders & transparent 2013 2014 2015 2016+ Feasibility Pre FEED FEED Development Capability Build Gas Deliverability Commercial Viability FID…
  18. CORPORATE UPDATE – Buru Energy Limited – slide 18
    Buru Energy: Creating a material & sustainable growth story 2013 2014 2015 THE PLATFORM FOR LONG MAJOR DERISKING OF GAS, OIL EXPANSION, TERM GROWTH MAJOR DERISKING OIL TREND CONFIRMING GAS VIABILITY, & TARGETED DRILLING MULTI-RIG…
  19. CORPORATE UPDATE – Buru Energy Limited – slide 19
    Corporate priorities 1. Sustainability & material returns to shareholders Optimise Ungani to maximise cashflow In co-operation with Mitsubishi, introduce quality company to deliver major regional programs (exploration, development and…
  20. CORPORATE UPDATE – Buru Energy Limited – slide 20
    Sustainable growth pathway 1. High Value and Balanced Work Program Ungani Central performing better than modelled. Require further testing and mapping to confirm final development Facilities will support rapid commercialisation of on…
  21. CORPORATE UPDATE – Buru Energy Limited – slide 21
    Focused on developing the petroleum resources of the Canning Super Basin

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