Rafael Production Licence Application Submitted

• Major regulatory milestone achieved
• Application follows 2P Reserves booking
• Aims to provide reliable energy in the region

Buru Energy Limited has submitted an application for a Production Licence over its Rafael gas and condensate field in Western Australia's Canning Basin. The Rafael Conventional Gas Project is the only proven conventional gas and liquids resource in the greater Kimberley region, offering a new local energy source. The application follows the booking of 15.25 MMboe of 2P Reserves and the referral to the EPA WA. The project aims to reduce reliance on imported energy and generate long-term cashflow with first gas expected in early CY 2029.

Buru Energy aims to deliver a new source of reliable energy for northern Western Australia with first gas expected in early CY 2029, subject to regulatory approvals and project funding.