Buru Energy Limited（Buru 公司）欣然宣布，该公司已与 Sabre Energy Pty Ltd（Sabre）签署了一项收购协议（FIA），将在西澳大利亚陆上坎宁盆地的 EP 428 钻探高影响力的 Rafael Shallow 油田（交易）。

重点
：Sabre 将向 Buru 支付 600 万澳元，用于钻探和测试 Rafael Shallow 勘探井，以获得商业发现和后续生产许可证的 50% 权益，而 Buru 保留 50% 的权益和经营权。根据 Buru 目前对钻井成本的估计，600 万澳元的成本贡献代表 Sabre 对该油井的全部开采。�在
宣布商业发现的前提下，Sabre 将向 Buru 支付额外的 150 万澳元，以表彰其在 Rafael Shallow 勘探区内先前发生的勘探支出。�Buru 对 Rafael Shallow
预期可采石油资源量的内部评估表明，范围在 3.2 MMstb（低估）和 79 MMstb（高估）之间，最佳估计为 1900 万桶1。�
石油发现可以提供一条快速发展的途径，为 Buru 和 Sabre 增加可观的价值，并为 Buru 全资拥有的 Rafael deep Phase 1 天然气和凝析油项目提供额外的资金途径，这仍然是公司对这一现有资源的开发重点。
“钻井合同谈判进展顺利，钻井设备和材料已到位，地面准备和审批正在进行中。

拉斐尔浅层钻井作业计划于 2024 年第三季度末开始，作为 2024 年两口井勘探钻井活动的一部分，其中包括 Mars 1 井。

首席执行官 Thomas Nador 在评论此次交易时表示：
“与 Sabre Energy 的最新交易进一步表明了我们各自组织之间的紧密联系以及我们对陆上坎宁盆地前景的共同信念。

Buru 因参与高影响力 Rafael Shallow 勘探区的钻探而受到市场的强烈关注。Sabre 的提议为 Buru 提供了 Rafael Shallow 勘探区农场的极佳价值，并且还与今年早些时候建立的 Ungani 合作伙伴关系产生了重大的战略协同效应。”

Sabre Energy 董事总经理 Regie Estabillo 进一步指出：
“此次交易表明，我们与 Buru Energy 一样，对陆上 Canning 盆地充满热情，并准备投资钻头，为我们与 Buru 的合作创造价值。”

我们期待着今年晚些时候计划的钻探计划，并正在迅速建设我们自己的组织能力，以支持 Buru 作为 Rafael Shallow 的运营商，以及我们未来对 Ungani 油田的运营。�

Rafael Shallow 前景
对最近获得的 Rafael 3D 体积的解释确定了浅层地质剖面中一个极具前景的闭合物，该闭合物部分覆盖在 Rafael 气体和凝析油承载结构上，而这在宽间隔的传统 2D 数据上是看不到的。该结构面积很大（18 平方公里），在三向倾角闭合结构中拥有超过 125 米的垂直闭合物。顶部和横向断层封闭物由厚的、区域广泛的 Noonkanbah 组富含有机质的页岩提供，缺乏内部断层，有助于保持坚固的结构完整性。

闭合物中的目标储层是深度不到 1,200 米的 Poole 砂岩和 Grant 组。 Poole 和 Grant 油藏属于碎屑岩（砂岩）油藏，与之前在旧布利纳油田附近的伦纳德架上发现的浅层油藏类似。

这是坎宁盆地这部分地区的一种新勘探类型，被认为具有在区域内发现大量液体的潜力。

拉斐尔浅层井的目标地层深度可以通过具有成本效益的小型移动钻机安全有效地钻探，该钻机类似于用于钻探许多 Ungani 开发井和坎宁盆地勘探井的钻机。

该公司目前正在与钻机供应商进行深入讨论，以与 Mars 勘探区一起钻探拉斐尔浅层勘探区，并计划在 2024 年作业季节钻探这两个勘探区。勘探区

的钻探需获得通常的监管机构和其他利益相关者的批准。

拉斐尔浅层勘探资源
Buru 确定的拉斐尔浅层勘探区的勘探资源如下所示。预期资源量位于勘探许可证 EP 428 中，由 Buru 100% 持有：

预期资源量低最佳高
可采液体量（百万桶）3.2 19 79
预期资源量与未来开发项目应用可能回收的石油估计量有关，并且与未发现的储量有关。这些估计量既有发现风险，也有开发风险。需要进一步勘探、评估和评价，以确定是否存在大量潜在可移动碳氢化合物。

有关预期资源量估计量的完整披露载于 Buru ASX 于 2024 年 4 月 24 日发布的公告中。

Buru 未获悉任何对该评估产生重大影响的新信息或数据，且支撑估算的所有重大假设和技术参数继续适用且未发生重大变化。

交易背景
在确定 Rafael Shallow 勘探区后，Buru 开展了营销活动，邀请有意者提交投标，与 Buru 合作在 2024 年 Canning 钻探季节钻探这一重要勘探区。此次活动引起了澳大利亚和国际勘探与生产公司的强烈兴趣，Sabre 的投标因其价值和与其最近收购 Ungani 油田和相关许可证的协同效应而入选，被认为是最具吸引力的。作为

此次交易的一部分，Buru 还授予 Sabre 一项有时间限制的优先购买权，以收购基础 EP 428 许可证的权益，以期参与 Rafael 天然气/凝析油勘探区的开发，并在 Rafael Shallow 钻探后进一步勘探“开采空间”。

关于 Sabre Energy
Sabre Energy Pty Ltd (Sabre) 是一家澳大利亚私营上游能源公司，专注于能够加速收入和可持续供应的资产。Sabre 的董事长是 Allan Bougoure 先生，他是一位非常成功的石油和天然气行业服务提供商；董事总经理是 Regie Estabillo 先生，他是一位经验丰富的石油工程师，曾担任 Omega Oil and Gas (ASX:OMA) 的首席运营官。

作为澳大利亚石油和天然气行业中一家相对较新的公司，Sabre 在相对较短的时间内建立了一个重要的生产和勘探资产组合，并具有吸引强大投资者资金的能力，取得了巨大成功。Sabre 专门从事关键陆上能源资产的勘探、评估和开发，这些资产支持当地和区域经济增长，同时帮助维护澳大利亚的能源安全。Sabre

拥有经验丰富的能源专业人士的支持，他们拥有专业技能，并具有将澳大利亚陆上能源资产商业化的经验。Sabre 积极投资澳大利亚陆上石油资产，最近在 Cooper/Eromanga 盆地的 PELA 679 进行了开采。

Sabre 对西澳大利亚坎宁盆地 Rafael Shallow 油田的投资，为公司不断增长的一流资源资产组合增添了令人振奋的新成员，其中包括 Ungani 油田 70% 的权益（有待常规审批）。Sabre 认识到坎宁盆地的巨大潜力，并致力于作为 Buru 值得信赖的合作伙伴进一步投资，帮助开发该盆地的能源资源。

授权
本 ASX 公告已获得 Buru Energy 董事会授权发布。

Buru Energy Limited (Buru, Company) is pleased to announce that it has entered into a Farm-in Agreement (FIA) with Sabre Energy Pty Ltd (Sabre) for the drilling of the high impact Rafael Shallow oil target in EP 428 in Western Australia’s onshore Canning Basin (the Transaction).

Highlights
• Sabre will carry Buru for A$6 million of the costs associated with the drilling and testing of the Rafael Shallow exploration well to earn a 50% interest in a Commercial Discovery and subsequent Production Licence, with Buru retaining 50% interest and Operatorship. The A$6 million cost contribution represents a full carry of the well by Sabre, based on Buru’s current estimate of drilling costs.
• Subject to a Commercial Discovery being declared, Sabre will pay Buru a further A$1.5 million in recognition of prior exploration expenditures incurred in relation to the Rafael Shallow prospect.
• Buru’s internal assessment of the Rafael Shallow prospective resource volumes of recoverable oil indicates a range of between 3.2 MMstb (low estimate) and 79 MMstb (high estimate), with a Best Estimate of 19 million barrels1.
• An oil discovery could provide a rapid development path that would add substantial value for both Buru and Sabre and an additional funding path for Buru’s 100% owned Rafael deep Phase 1 gas and condensate project, which remains the Company’s development priority for this existing resource.
• Negotiations for a drilling rig contract are well advanced, drilling equipment and materials have been secured, and on-ground preparations and approvals are underway.

Commencement of Rafael Shallow drilling operations is targeted for late 3Q 2024 as part of a two well exploration drilling campaign in 2024 that includes the Mars 1 well.

Commenting on the transaction, CEO Thomas Nador said:
“This latest Transaction with Sabre Energy further demonstrates the strong alignment between our respective organisations and our common belief in the prospectivity of the onshore Canning Basin.

Buru received strong interest from the market for participation in the drilling of the high impact Rafael Shallow prospect. Sabre’s proposal provides Buru with excellent value for the Rafael Shallow prospect farmout and also offers significant strategic synergies with the Ungani partnership established earlier this year.”

Regie Estabillo, Managing Director of Sabre Energy further noted:
“This Transaction shows that, like Buru Energy, we are enthusiastic about the onshore Canning Basin and are prepared to invest in the drill bit to create value for our venture with Buru.

We are looking forward to the drilling program planned for later this year and are quickly building our own organisational capability to support Buru as operator of Rafael Shallow, and our future operatorship of the Ungani Oilfield.”

Rafael Shallow Prospect
Interpretation of the recently acquired Rafael 3D volume identified a highly prospective closure in the shallow geological section partly overlying the Rafael gas and condensate bearing structure that was not apparent on the wide spaced legacy 2D data. The structure is of considerable size (18 sq kms) and has over 125 metres of vertical closure in a threeway dip closed structure. The top and cross fault seals are provided by the thick and regionally extensive Noonkanbah Formation organic rich shales with a lack of internal faulting contributing to robust structural integrity.

The target reservoirs in the closure are the Poole Sandstones and Grant Formation at less than 1,200 metres depth. The Poole and Grant reservoirs are clastic (sandstone) reservoirs similar to the previously discovered shallow oil pools on the Lennard Shelf in the vicinity of the legacy Blina Oilfield.

This is a new prospect type for this part of the Canning Basin, and it is considered to have potential for regionally significant volumes of liquids.

The target formations for the Rafael Shallow well are at a depth that can be safely and effectively drilled by a cost effective smaller mobile rig similar to that used to drill a number of the Ungani development wells and Canning Basin exploration wells.

The Company is currently in advanced discussions with a rig vendor to drill the Rafael Shallow prospect in campaign with the Mars prospect, and is targeting to drill both prospects during the 2024 operating season.

The drilling of the prospects is subject to the usual regulatory and other stakeholder approvals.

Rafael Shallow Prospective Resources
Prospective Resources of the Rafael Shallow prospect as determined by Buru are set out below. The Prospective Resources are in Exploration Permit EP 428 held 100% by Buru:

Prospective Resources Low Best High
Recoverable Liquids (million barrels) 3.2 19 79
Prospective Resources relate to the estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) and relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.

Full disclosures in relation to the Prospective Resource estimates are set out in the Buru ASX Release dated 24 April 2024.

Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

Background to the Transaction
Following the identification of the Rafael Shallow prospect, Buru undertook a marketing campaign to invite interested parties to submit bids to partner with Buru in drilling this significant prospect during the 2024 Canning drilling season. This campaign generated strong interest from Australian and international E&P companies, with Sabre’s bid being selected as the most compelling in terms of value and synergies with its recent farm-in transaction for the Ungani Oilfield and associated licenses.

As part of this Transaction Buru has also granted Sabre a time limited right of first refusal to acquire an interest in the underlying EP 428 permit with a view to participate in the development of the Rafael gas/condensate discovery and for further exploration “running room” on the back of drilling Rafael Shallow.

About Sabre Energy
Sabre Energy Pty Ltd (Sabre) is a private Australian upstream energy company focused on assets that deliver accelerated revenue and sustainable supply generation. Sabre is chaired by Mr. Allan Bougoure, a highly successful provider of services to the oil and gas industry, and Managing Director, Mr. Regie Estabillo, an experienced petroleum engineer and former Chief Operating Officer of Omega Oil and Gas (ASX:OMA).

As a relatively new company within the Australian oil and gas industry Sabre has been extremely successful in building a significant portfolio of production and exploration assets in a relatively short time frame with a demonstrated ability to attract strong investor funding. Sabre specialises in the exploration, appraisal and development of critical onshore energy assets that support local and regional economic growth while helping preserve Australia’s energy security.

Sabre is supported by experienced energy professionals with specialist skills and experience in commercialising Australian onshore energy assets. Sabre is actively investing in Australian onshore oil assets, most recently farming into PELA 679 in the Cooper/Eromanga Basin.

Sabre’s investment in the Rafael Shallow prospect in Western Australia’s Canning Basin is an exciting addition to the company’s growing portfolio of first-class resources assets, which includes a 70% interest in the Ungani Oilfield (pending customary approvals). Sabre recognises the immense potential of the Canning Basin and is committed to further investment as a trusted partner with Buru to help unlock the basin’s energy resources.

Authorisation
This ASX announcement has been authorised for release by the Board of Directors of Buru Energy.