Buru Energy Limited (Buru, Company) refers to an article (Article) which appeared in 'The Pick' magazine featured in the Australian Financial Review newspaper on 21 November 2023, entitled 'Buru plans Kimberley gas market transformation'.

The Article refers to an independent assessment of the Rafael discovery having judged it to hold potentially more than 1 trillion cubic feet of gas and more than 20 million barrels of condensate. Buru refers readers of the Article to the Contingent Resources assessment independently assessed by ERCE for EP 428 and EP 457 for Contingent Resources in April 2022. Refer to ASX release of 26 April 2022 for full definitions and disclosures

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