CORPORATE UPDATE | September 2019 (ASX:BRU)

Diverse Portfolio

Underexplored Canning Basin in

NW WA

5.5 million gross acres (3.5 million net acres)

Experienced local operator with high permit equities

Profitable conventional oil production from Ungani Oilfield

Extensive exploration portfolio with active program

Major liquids rich tight gas portfolio with conventional potential

CORPORATE UPDATE SEP 2019 (ASX:BRU)

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Value Circle

OIL AND GAS

WITH MAJOR

EXPLORATION

PROGRAM

SELF FUNDED

EXPLORATION AND

DEVELOPMENT

Balanced

Realising

Portfolio

value

FinancialProduction Strength

HIGHLY EXPERIENCED AND WELL CONNECTED LOCAL OPERATOR

CONVENTIONAL OIL PRODUCTION WITH ONGOING DEVELOPMENT

CORPORATE UPDATE SEP 2019 (ASX:BRU)

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Oil Production: Ungani Oilfield

High quality conventional oilfield

Buru 50% and Operator (Roc Oil 50%)

Currently producing ~1,000 bopd

2019 development program with the aim of at least doubling production

Profitable at oil prices >US$30 per barrel

CORPORATE UPDATE SEP 2019 (ASX:BRU)

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Ungani Oilfield: 2019 Program

Two horizontal production wells being drilled (U6H/U7H)

Wells being drilled by NGD 405 rig and then coil tubing unit for horizontal reservoir section

Wells drilled with NGD 405 rig to top of reservoir

Reservoir sections drilled with coil tubing unit horizontally and underbalanced to maximise production capacity

Ungani production facility being prepared for immediate production from new wells

CORPORATE UPDATE SEP 2019 (ASX:BRU)

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Buru Energy Ltd. published this content on 05 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2019 08:16:04 UTC