Investor Presentaiton
PURSUING THE FIRST CONVENTIONAL GAS DEVELOPMENT IN THE KIMBERLEY
With full ownership of the Rafael discovery, focus is on commercialising the resource and securing a development partner
A mostly underexplored
sedimentary basin, 9 times
the size of the Perth Basin,
has delivered its first
significant conventional wet
gas discovery.
Rafael-1 is a high potential,
high quality, liquids rich
discovery with a gas column
of 165m (proven) up to 630m
(based on pressure data).
1
A potential world scale
conventional resource
Resource independently
assessed by ERCE to hold
between 59 bcf and over 1
TCF of gas and up to 20.5
MMstb of condensate
(probabilistic)].
Buru deterministic resource
assessment provides
improved level of confidence
in resource volumes to
underpin project
development options.
2
Feasibility studies confirm
several project options
■Third party studies confirm
several feasible project
options, with a 2-phase
development providing
highest value.
■Rafael is stand-alone
commercial at current 1C
resources
Progressing to next stage of
engineering.
Canning Basin CCS is a key
enabler for development.
3
Disciplined execution
to deliver value
■ 3D seismic survey recently
completed with initial results
by year end.
Appraisal well planning and
Long Lead Item procurement
for 2024 drilling progressing.
Development partner
selection progressing to
deliver a regionally significant
project.
1 Refer to the ASX release of 26 April 2022 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters
underpinning the estimates continue to apply and have not materially changed.
10
5
Investor Presentation | November 2023
Buru EnergyView entire presentation