Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (November 2019)
13 slides from Buru Energy's investor presentation, November 2019
Slide 1: Corporate Update November 2019
CORPORATE UPDATE | November 2019 (ASX:BRU) 1
Slide 2: Diverse Portfolio
Diverse Portfolio Underexplored Canning Basin in NW WA 5.5 million gross acres (3.5 million net acres) Experienced local operator with high permit equities Profitable conventional oil production from Ungani Oilfield Extensive exploration portfolio Major liquids rich tight gas portfolio with conventi
Slide 3: Buru Value Circle
Buru Value Circle OIL AND GAS Balanced HIGHLY PORTFOLIO Realising EXPERIENCED AND WITH Portfolio value WELL CONNECTED EXTENSIVE LOCAL OPERATOR PROSPECT INVENTORY SELF FUNDED Financial CONVENTIONAL OIL EXPLORATION AND Production PRODUCTION WITH Strength DEVELOPMENT ONGOING DEVELOPMENT CORPORATE UPDAT
Slide 4: Oil Production: Ungani Oilfield
Oil Production: Ungani Oilfield High quality conventional oilfield Buru 50% and Operator (Roc Oil 50%) Currently producing ~1,700 bopd 2019/20 development program underway Profitable at oil prices >US$30 per barrel CORPORATE UPDATE NOV 2019 (ASX:BRU) 4
Slide 5: Ungani Oilfield: Development Drilling Program
Ungani Oilfield: Development Drilling Program Two horizontal production wells drilled (U6H/U7H) to top of reservoir section Wells drilled by NGD 405 rig and then coil tubing unit for horizontal reservoir section Ungani 7 completed with two horizontal laterals with good initial flow rates Ungani 6 ho
Slide 6: Outstanding Exploration Potential
Outstanding Exploration Potential High potential exploration portfolio currently being upgraded with intensive technical review post 2019 drilling program Variety of play types (carbonates and clastics) and petroleum systems Proven conventional Dolomite play over 150 kms strike length with major reg
Slide 7: Exploration Drilling Program
Exploration Drilling Program 2019 Adoxa 1 ‒ Reeves target with regional potential substantially upgraded by well results ‒ Oil shows in good quality sands ‒ Potential oil zone at ~1900 metres ‒ Casing run, with cased hole production test under review for after wet season Miani 1 ‒ Large hydrothermal
Slide 8: Blina Oilfield revisited (Buru 100%)
Blina Oilfield revisited (Buru 100%) Blina Field has produced mostly from the Nullara Formation and also has an Blina upper producing horizon equivalent to the Ungani Dolomite (Yellow Drum Formation) Historical production of 400,000 barrels from lower zone of Yellow Drum Fm Substantial potential in
Slide 9: Yulleroo conventional gas (Buru 100%)
Yulleroo conventional gas (Buru 100%) Yulleroo Gasfield has substantial contingent resources of tight wet gas Resource also has potential for conventional gas with high liquids Yulleroo content (oil and condensate) Several zones identified in Yulleroo 3 and 4 wells with good unstimulated flow potent
Slide 10: Financial and Corporate
Financial and Corporate ORDINARY SHARES ON ISSUE 432M MARKET CAPITALISATION ~A$85M CASH (AS OF 30 SEP 2019) $46.7M DEBT (AS OF 30 SEP 2019) $4.5M ~50% SOPHISTICATED AND REGISTER INSTITUTIONS ASX:BRU ~7% MANAGEMENT AND DIRECTORS TURNOVER ~8m SHARES PER MONTH $0.39 May, 2018 0.45 0.40 $0.15 $0.20 0.35
Slide 11: Why Invest?
Why Invest? PROFITABLE, PLANNED STRONG BALANCE UNIQUE IN THE SMALL LOW COST OIL DRILLING SHEET AND CAP SECTOR – PRODUCER WITH ACTIVITY ON POSITIVE CASH PRODUCTION, CONTROL OVER LARGE PROSPECTS FLOW FROM BALANCE SHEET AND ACTIVITY WITH LARGE PRODUCTION TO EXPLORATION EQUITIES SUSTAIN INTERNAL FUNDING
Slide 12: Important Notice
IMPORTANT NOTICE This document has been prepared by Buru Energy Limited ABN 71 130 651 437 (“Buru"). This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected in these statements are reasonable but they may be affe
Slide 13: Contact details
LEVEL 2, 16 ORD STREET WEST PERTH [email protected] WESTERN AUSTRALIA 6005 1800 337 330 BURUENERGY.COM CORPORATE UPDATE | Nov 2019 (ASX:BRU) 13