Buru Energy : Lifting of WA Hydraulic Fracture Stimulation Moratorium

ASX Announcement

6 September 2019

Lifting of WA Hydraulic Fracture Stimulation Moratorium

Buru Energy welcomes the lifting of the Hydraulic Fracture Stimulation Moratorium and clarification of Dampier Peninsula boundaries.

The announcement today by the WA State Government that the moratorium on Hydraulic Fracture Stimulation (fraccing) has been lifted over existing Petroleum Titles is a welcome step forward after the Independent Scientific Inquiry confirmed last year that the activity is low risk if properly regulated.

ASX: BRU

The moratorium has been lifted on the majority of Buru's current titles as set out on the attached map provided by the WA State Government.

Buru is of the view that the current regulations provide a framework where fraccing can be undertaken safely and without any significant environmental impacts. Prior to the moratorium Buru Energy had undertaken a number of fracs on three wells in the Canning Basin, all with no incidents, no detectable impact on the environment, and fully compliant with current legislation.

The Company looks forward to working with Government to implement in an appropriate and workable manner the recommendations of the Independent Scientific Inquiry for further regulation of the industry.

In regard to the Government's delineation of the Dampier Peninsula as a "frac free zone", the Company has worked constructively with Government to ensure the boundaries of the zone are appropriate in relation to the Company's existing petroleum titles and to provide certainty for the community. Consequently, we have agreed with Government that the Broome township and water supply areas in our existing petroleum titles will form part of the Dampier Peninsula fraccing exclusion zone.

Buru has a long history of working constructively and pro-actively in helping protect areas and was responsible for the exclusion of Roebuck Bay from its petroleum titles in 2011 in association with the Yawuru Native Title Holders (as attached).

We look forward to being able to demonstrate that the gas resources of the Canning Basin can be safely and efficiently extracted for the benefit of all stakeholders.

Visit www.buruenergy.comfor information on Buru Energy's current and future activities.

For investor inquiries please contact Buru Energy:

Telephone: [phone]

Freecall: 1800 337 330

Email: [e-mail]

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Level 2, 16 Ord St West Perth WA 6005

1800 337 330

[e-mail]

ABN 71 130 651 437

Attachment 1

Map showing the existing onshore petroleum titles where the moratorium has been lifted

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Level 2, 16 Ord St West Perth WA 6005

1800 337 330

[e-mail]

ABN 71 130 651 437

15°0'0"S

20°0'0"S

25°0'0"S

30°0'0"S

115°0'0"E

Legend

Petroleum Titles*

Hydraulic Fracturing Ban Area

Dampier Peninsula Ban Boundary

Peel, Metro and South West Ban Boundary

Roads

Towns

• Titles shown take into account renewal, drop off and expiries since 26 November 2018

Port Hedland

		Karratha
	Onslow
Exmouth		L 9 R1
	L 16	Tom Price

EP 482EP 481

Carnarvon

Kalbarri

Mount Magnet

see Enlargement

PERTH

120°0'0"E

125°0'0"E

Onshore petroleum titles where hydraulic fracturing

moratorium has been lifted

Wyndham

EP 386 R3

		EP 104 R6	EP 129 R6
		R 1 R2
		L 15 L 17
Broome		EP487	L 8 R1
	EP 428 R1	L 6 R1
EP 436 R1	L 20
	L 21		EP 371R2
EP 391 R3		EP 457 R1
EP 493		EP 431 R1	EP 458 R1

Marble Bar

Nullagine

Geraldton	EP 368 R4	Enlargement
EP 437 R1		EP 426 R1	Territory
L 7 R1
L 2 R1
L 1 R1		EP 469	Northern
L 14	L 22
EP 413 R3	EP 498
L 11
EP 320 R5
L 4 R1		EP 430 R1
L 5 R1		EP 454 R1
EP 455 R1		R 7	Australia
EP 495
EP 432 R1
EP 488
EP 489			South
	EP494
EP 447 R1
EP 440 R1	L 19
	L 18
	EP 389 R3

Kalgoorlie

130°0'0"E

15°0'0"S

20°0'0"S

25°0'0"S

30°0'0"S

35°0'0"S

Esperance

´					Albany
			map projected in GDA94
0	50	100	200	300	400	500
					km
	115°0'0"E						120°0'0"E

DATA SOURCES
Petroleum Titles sourced from
Department of Mines, Industry Regulation and Safety (DMIRS)	35°0'0"S
Roads and administration boundaries sourced from Landgate
sourced from various government departments.
Hydraulic Fracturing Ban Area produced from the compilation of data

This product was produced using information from various sources. The Department of Mines, Industry Regulation and Safety (DMIRS) and the State cannot guarantee the accuracy, currency or completeness of the information. DMIRS and the State accept no responsibility and disclaim all liability for any loss, damage or costs incurred as a result of any use of or reliance whether wholly or in part upon the information provided in this publication or incorporated into it by reference.

125°0'0"E

130°0'0"E

Attachment 2

24 May 2011 ASX Announcement - Buru and Yawuru working together to protect Roebuck Bay

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Level 2, 16 Ord St West Perth WA 6005

1800 337 330

[e-mail]

ABN 71 130 651 437

Buru Energy Limited

ABN 71 130 651 437

Level 2, 97 William Street

Perth, Western Australia 6000

PO Box 7794, Perth

Cloisters Square WA 6850

Ph: 61-8 9215 1800

Fax: [phone]

www.buruenergy.com

ASX ANNOUNCEMENT (ASX: BRU)

24 May 2011

Buru and Yawuru People working together to protect Roebuck Bay

Buru Energy Limited ("Buru") is pleased to announce that it has today confirmed arrangements to ensure that the Yawuru People are able to exercise their traditional role as the custodians of Roebuck Bay without intrusion from oil and gas exploration. To help achieve this, Buru has voluntarily given up its current rights to explore for oil and gas in Roebuck Bay, reflecting its commitment to working with local communities in the Kimberley in a socially and environmentally responsible way. Buru is delighted to be able to help ensure that Roebuck Bay and the surrounding Ramsar wetlands are incorporated into the planned Roebuck Bay Conservation Estate in the most appropriate manner.

Roebuck Bay

Roebuck Bay is a tropical marine embayment with extensive, highly biologically diverse, intertidal mudflats.

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