Buru Energy Ltd · ASX:BRU
Buru Energy — Investor Presentation (March 2012)
17 slides from Buru Energy's investor presentation, March 2012
Slide 1: Corporate Update March 2012
anne Energy Corporate Update March 2012
Slide 2: Buru – An emerging mid cap Australian E&P company
Buru – An emerging mid cap Australian E&P company Enormous acreage spread in the most prospective onshore Australian basin First mover advantage in the Canning Superbasin from 2006/7 prior to wider recognition of its potential Recent major frontier oil discovery with plenty of “running room” f
Slide 3: Corporate snapshot
Corporate snapshot Buru provides continuing material leverage for Quick Facts investors Share price (5 March 2012) $2.33 • Listed on Australian Securities Exchange (ticker BRU), included in S&P ASX 300 index effective March 2012 Shares 234,204,477 • Tightly held shareholder register transitioning to
Slide 4: Acreage position
Acreage position Large and expanding acreage position in Australia’s most prospective onshore basin • Net equity acreage position of ~14 million acres (~58,000 sq km) with high permit equities • Acquired four new permits in last six months via work program bids • Acreage position allows a systematic
Slide 5: Canning Superbasin – Underexplored and highly prospective
Canning Superbasin – Underexplored and highly prospective Huge underexplored Palaeozoic Superbasin (a Superbasin is a composite basin made up of a number of smaller basins) • Significant conventional and unconventional potential • Many historic small gas and oil discoveries • Historic gas discoverie
Slide 6: Canning Superbasin – Conventional potential
Canning Superbasin – Conventional potential Oil potential substantially upgraded by Buru’s 2011 exploration program • Focus on areas seen to have potential for marine source and reservoir development • Historic production from small (~3mmbbls total) discoveries during the 1980’s • Huge area with mul
Slide 7: Canning Superbasin – Ungani oil discovery and potential
Canning Superbasin – Ungani oil discovery and potential Ungani discovery a “game changer” for the basin • Substantial oil column (+50m) in very high quality dolomite reservoir defined by two wells • High flow rates on initial cleanup (+1,600 bpd) • Excellent quality black oil • Large potential reser
Slide 8: Canning Superbasin “Unconventional” – regional and tight gas
Canning Superbasin “Unconventional” – regional and tight gas The EIA identifies the Canning Superbasin as having the largest “shale” or unconventional gas potential in Australia • The US Energy Information Agency (“EIA”) undertook a major review of global unconventional resource potential, released
Slide 9: Major Gas Resources Identified - Yulleroo
Major Gas Resources Identified - Yulleroo Yulleroo wet gas field has major resources and is on the pathway to development Yulleroo Field • Conventional/tight gas resource – discovered in 1967, not appraised until 2008 (typical Canning Superbasin sequence). Subsequent successful trial reservoir stimu
Slide 10: Major Gas Resources Identified - Valhalla
Major Gas Resources Identified - Valhalla Major tight gas accumulation with regional basin centred extent • Regional gas accumulation in the Laurel Formation identified by the Valhalla-1 well in 2008. Appraised by Buru with Valhalla-2 and Valhalla North-1 • Laurel Formation is a thick regionally ext
Slide 11: Aggressive 2012 Appraisal and Exploration Program
Aggressive 2012 Appraisal and Exploration Program 2012 program a complementary mix of exploration and appraisal • 2 rigs operating VALHALLA REGIONAL GAS • Focussed program on highly YULLEROO WET GAS FIELD Appraisal wells prospective areas Appraisal wells (one just completed) Ungani Derby • 3D seismi
Slide 12: Clear pathway to commercialisation
Clear pathway to commercialisation Buru has a focused and well developed business plan that is being successfully executed by bringing resources into production Oil • Oil is immediately producible and profitable • Current production trucked to Perth and assessing export via an existing port in the n
Slide 13: Huge prospective resources and emerging value
Huge prospective resources and emerging value Excellent and highly unusual mix of conventional and unconventional prospectivity on a regional scale with many plays still to be pursued Conventional resources • “Game changing” Ungani oil discovery • Large acreage position gives “running room” to pursu
Slide 14: Committed to social and environmental responsibility
Committed to social and environmental responsibility Buru is committed to ensuring it does not breach its “social licence to operate” through: Exemplary environmental performance • Minimising its impact on the environment and on the communities in which it operates • A process of continuous improvem
Slide 15: Buru outlook
Buru outlook Paradigm shift in the value metric for Buru and the Superbasin • Success in 2011 exploration campaign created significant shareholder value • Buru’s share price is underpinned by the Ungani Field, Yulleroo Field and Valhalla regional wet gas accumulation • International majors showing k
Slide 16: Disclaimer
Disclaimer 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
Slide 17: Corporate Update
=) = ov) = wo =) _ = q Corporate Update March 2012