Investor Presentaiton

12 PHASED EXECUTION STRATEGY MITIGATES SUBSURFACE UNCERTAINTY Deliver early cashflows on known resource, and significant upside on appraisal success Activity VALUE CREATION 3D Seismic Resource maturation JV Partner Selection Appraisal Drilling Commercialisation Studies TEN Concept Screening Phase 1 Kimberley hybrid power Phase 2 Clean Ammonia/Methanol/LNG VALUE REALISATION Phase 1 Kimberley hybrid power Phase 2 Clean Ammonia/Methanol/LNG 2023 2024 2025 2026 Fast track results available Acquire & Interpret Resource Update Convert Contingent Resources to Reserves Shortlist, Negotiate and Execute LLI Procm't Drilling & Completion Petrofac CONCEPT STUDIES GHD FID TECHNICAL / COMMERCIAL DEF'N FEED NOW 2027 2028 2029 Appraisal / Development Drilling - FID CONCEPT SELECTION DEF'N FEED Production ENGINEERING, PROCUREMENT & CONSTRUCTION (24 MONTHS) Operate Production ENGINEERING, PROCUREMENT & CONSTRUCTION (38 MONTHS) Timeline is indicative and is subject to capital availability, future discussions with potential asset partners, offtake arrangements, land access and regulatory approvals. Investor Presentation | November 2023 Buru Energy

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