U 5 now on artificial lift (beam pump) U 4 sidetracked and on...

U 5 now on artificial lift (beam pump)
U 4 sidetracked and on production with artificial lift
Ungani Far West 1 (UFW) on production with artificial lift
Planning for horizontal production wells second quarter 2019
$15 million carry remaining
▪High prospectivity Rafael and other prospects to be drilled this year with larger rig
▪LOC 405 rig contracted to commence drilling program immediately following the wet season (April/May 2019)
Conventional gas part of JV with Roc Oil and Roc Oil have “first rights” over the unconventional
Fit for purpose team, Roc contributing to operational overheads on joint permits
Well funded for development of new discoveries, follow-up drilling and new venture opportunities
Portfolio: 50% of Ungani and generally 50% to 100% of high value exploration acreage, and 100% of world scale prospective unconventional gas and oil resources
Open to all lo-ball t/o offers

https://www.buruenergy.com/wp-content/uploads/Corporate-Presentation-21-January.pdf