Investor Presentaiton

6 RAFAEL 1 - A SIGNIFICANT CONVENTIONAL GAS AND CONDENSATE DISCOVERY The Eureka moment for Buru, the Kimberley and the Western Australian resource industry Rafael 1 well was drilled in 2021 on a large structure with gas encountered in three zones. Rafael geology is a proved Canning Basin play type with conventional reservoir in Ungani Dolomite equivalents and a new play type in Upper Laurel dolomites. Encouraging initial flow rates of 7.5 mmcfd from a restricted zone with excellent quality gas <2% CO2 and ~40 bbls/mmscf condensate (light oil). Wide range of resources as expected at early stage of evaluation: ▪ 1C of 59 Bscf and 1.2 MMstb condensate is the gas & condensate seen in the well, ■ 3C of 1.024 TCF and 20.5 MMstb condensate is the inferred gas & condensate in the structural closure and backed up by pressure data, ▪ 2C of 260 Bscf and 5.3 MMstb condensate is a probabilistic calculation with no physical basis. 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. Rafael 1 drilling 4Q 2021 Rafael 1 flow test - 1Q 2022 Investor Presentation | November 2023 Buru Energy

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