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Buru Energy Ltd (ASX:BRU)

Buru Energy Ltd (ASX:BRU)


Share Price
$ 0.24
Change
0 (0.00 %)
Market Cap
$103.70 m
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Buru Energy Ltd

Buru Energy Ltd (ASX:BRU) petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia.

EPIC: BRU
Market: ASX:BRU
52-week High/Low: A$0.40 / A$0.19
Sector: Energy
Market Cap: A$103.70M
Website: www.buruenergy.com

Buru Energy Ltd

www.buruenergy.com

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Big picture - Why invest in Buru Energy Ltd


Buru Energy Ltd Snapshot

Buru Energy was founded in 2008 and is headquartered in Perth, with a regional office in Broome. Buru Energy holds interests in an extensive portfolio of petroleum exploration permits covering approximately 22,109 km2 in the Canning Superbasin.

Canning Superbasin

Buru Energy’s permits are in the Canning Basin, an area in the SW Kimberley region some 2,300 kms north of Perth.  The area is low relief and is dominated by rangelands with large cattle grazing properties covering most of the area.

(click here for more information on this project)


Oil

Buru Energy’s 50% owned conventional oilfield is currently producing ~2,600bopd with further work planned to target a production rate of 3,000bopd.

(click here for more information on this project)


Gas

Buru Energy has identified and appraised a world scale tight wet gas resource that potentially offers long term energy security to Western Australia, significant contribution to Australia’s GDP and socio-economic and employment opportunities for people and businesses in the local and regional community.

(click here for more information on this project)


Schedule of tenements

Permit Type Ownership
L6* Production Licence 100%
L8 Production Licence 100%
L17 Production Licence 100%
L20 Production Licence 50%
L21 Production Licence 50%
PL7 Onshore Pipeline Licence 100%
PL109 Onshore Pipeline Licence 50%
EP129* Exploration Permit 100%
EP391 Exploration Permit 50%
EP428 Exploration Permit 50%
EP431 Exploration Permit 100%
EP436 Exploration Permit 50%
EP457 Exploration Permit 37.5%
EP458 Exploration Permit 37.5%

 

Last updated 21st June 2018

Mr Eric Streitberg
Executive Chairman
BSc (App Geoph)

Mr Streitberg has more than 40 years of experience in petroleum geology and geophysics, oil and gas exploration and oil and gas company management. He was a founding shareholder and held the position of Managing Director of ARC Energy Limited from 1997 until August 2008, during which time ARC Energy Limited was transformed from a junior oil and gas exploration company into a mid-size Australian oil and gas producer.  He was also the founding shareholder and Managing Director of Discovery Petroleum which was a key participant in the renaissance of the Perth Basin as a significant gas producer until the takeover of that company in 1996.  Prior to that he held various senior international exploration roles with Occidental Petroleum and BP.  He was a founding shareholder and Non-executive Director of Adelphi Energy Limited from 2005 until its takeover in 2010.  He is a founding shareholder of Buru Energy and has been a Director since its listing in October 2008.

He is a Fellow of the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors, a member of the Society of Exploration Geophysicists, Petroleum Exploration Society of Australia and the American Association of Petroleum Geologists.

Mr Streitberg is a Director and past Chair  of the Australian Petroleum Production and Exploration Association and has also chaired the APPEA Exploration and Environment Committees.  He is the immediate past Chair of the Marine Parks and Reserves Authority of Western Australia.

Mr Streitberg is a Certified Petroleum Geologist and Geophysicist and holds a Bachelor of Science (App. Geoph.) from the University of Queensland.


Ms Eve Howell
Independent Non-Executive Director

Ms Howell has over 40 years of experience in the oil and gas industry in a number of technical and managerial roles, primarily with Amoco Corporation, Apache Energy Ltd and Woodside Energy Ltd. She is a director of ASX-listed Downer EDI Limited and Mermaid Marine Australia Ltd.

In the private sector, Ms Howell is Non-executive Chairman of EMR Resources Pty Ltd and on the Senior Advisory Panel of Miro Advisors Ltd. She has previously served on a number of boards including Tangiers Petroleum (as Executive Chairman), the Fremantle Port Authority, the Australian Petroleum Production and Exploration Association, and as a board member and President of the Australian Mines and Metals Association.  She is a member of the Australian Institute of Company Directors.

Ms Howell began her exploration career in the UK and since 1981 has worked for several Australian based companies including Apache, during a time when the company developed significant oil production from the Carnarvon Basin and became the second largest domestic gas supplier. She held various senior positions in Apache in Australia including Business Development Manager and Managing Director. Between 2006 and 2011, Ms Howell was a Woodside Executive Committee member, with her positions including Executive Vice President of the North West Shelf.

Ms Howell holds a Bachelor of Science (with Honours in Geology and Mathematics) from the University of London and an MBA from Edinburgh Business School.


Mr Robert Willes
Independent Non-Executive Director

Mr Willes has over 25 years of extensive international experience in the oil and gas and energy industries. He is the Managing Director of Challenger Energy Ltd (ASX:CEL) and has previously served on a number of boards including the Australian Petroleum Production and Exploration Association (APPEA), North West Shelf Gas Pty Ltd, North West Shelf Liaison Co. Pty Ltd, North West Shelf Australia LNG Pty Ltd, North West Shelf Shipping Services Co. Pty Ltd, Carbon Reduction Ventures Pty Ltd and Perth Centre for Photography.

His early career with BP involved several positions in petroleum product supply, trading and marketing, and as a lead negotiator for numerous gas transactions in Europe.  He subsequently joined BP’s Group Mergers and Acquisitions team, where he led the divestments of Burmah Castrol’s Chemicals Division and Great Yarmouth Power Ltd, and advised the Corporation on a number of acquisition opportunities.

In Australia, Robert was BP’s General Manager of the North West Shelf LNG Project.  Robert also had overall accountability for BP’s interests in the Browse LNG and Greater Gorgon LNG Projects, and for Business Development activities in Asia Pacific.

More recently, Robert was CEO of Eureka Energy Limited, and was instrumental in managing the recommended A$107million on-market takeover by Aurora Oil and Gas Limited.

He is currently Managing Director of Challenger Energy Ltd, an ASX-listed oil and gas explorer with exposure to the emerging world-scale shale gas province in South Africa’s Karoo Basin.

Robert is a Graduate of the Australian Institute of Company Directors and member of the Association of International Petroleum Negotiators.  He holds an Honours Degree in Geography from Durham University in the UK, and has completed Executive Education Programmes at Harvard Business School in the USA and Cambridge University in the UK.


Mr Shane McDermott
Head of Finance and Company Secretary

Mr McDermott, CA, AGIA, BComm (Accounting and Finance) has an accounting and auditing background having worked at a large international accounting practice for five years at its Perth office before joining Buru Energy in 2009.  He is a member of the Institute of Chartered Accountants Australia and an Associate of the Governance Institute of Australia.  He acted as Buru Energy’s Joint Company Secretary from 1 December 2011 to 1 November 2012 and was the Assistant Company Secretary for two years prior to that appointment.



Last updated 21st June 2018

Perth office

Level 2, 16 Ord St
West Perth Perth Western Australia 6005
PO Box 1903
West Perth WA 6872

Phone: 1800 337 330
Email: [email protected]
Emergency : 1800 219 070


Broome office

5 Dawn Way
Bilingurr Western Australia 6725
P.O. Box 2836
Broome WA 6725

Phone: +61 4 9215 1891


Shareholders

If you have a question about your shareholding please contact Link Market Services:

Postal

Link Market Services Limited
Locked Bag A14
SYDNEY SOUTH NSW 123

Perth Office

Level 4, Central Park
152 St Georges Terrace
PERTH WA 6000

Phone: 1800 810 859 (within Australia)
Phone: +61 2 8280 7100 (outside of Australia)
Fax: +61 2 9287 0303
Email: [email protected]


Media

Paul Armstrong/ Nicholas Read
Read Corporate

Phone: + 61 8 9388 1474
Phone: +61 421 619 084


Last updated 21st June 2018

Registered and Principal Office

Level 2
16 Ord St
West Perth WA 6005

Telephone: +61 (08) 9215 1800
Facsimile: +61 (08) 9215 1899
Freecall:  1800 337 330


Share Registry

Link Market Services Limited
Locked Bag A14
SYDNEY SOUTH NSW 1235

Telephone

1800 810 859 (Within Australia)
+61 (02) 8280 7211 (Outside Australia)

Perth Address

Level 4, Central Park
152 St Georges Terrace
PERTH  WA  6000

Email: [email protected]
Website: www.linkmarketservices.com.au


Auditors

KPMG
235 St George’s Terrace
PERTH WA 6000


Stock Exchange

Australian Securities Exchange
Exchange Plaza
2 The Esplanade
PERTH WA 6000


ASX Code

BRU

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