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Buru Energy

ASX:BRU
A$0.013Close 7 Oct 2026 · delayed

Past year: ▼ 28%(1.20c – 2.40c AUD)

Market cap
A$17.7m
Shares on issue
1.36bn
In-ground value
A$1.43bn
Risked multiple
under review
Story beats
310 since 2009
Last event
19 Aug 2026

Value Buru Energy yourself

Five quick questions, every figure from Buru Energy's own disclosures (newest estimate 19 Aug 2026).

28 of 28 targets · best case · 28% overall chanceChance-weighted valueA$404.1mPer shareA$0.2755vs price A$0.01321.19× · +2019%

A multiple this high usually means an old or unproven estimate is counting - check the targets in step 1 and untick any you don't believe in. The screener marks companies above 20× as under review.

1

What do you want to value?

A target is an oil or gas accumulation Buru Energy has published an estimate for. All of them count to start with, largest first - untick any you don't believe in.

A discovery has already been drilled and found oil or gas. A prospect has not been drilled yet, so it carries extra risk that nothing is there. Reserves are already being produced or approved.

2

How big could it be?

Companies give a low, best and high case. Pick one - the badges show how much the targets you picked hold in that case.

The low case has a 90% chance of being matched or beaten, the best case 50%, the high case only 10%. Gas is in billions of cubic feet, oil and condensate in millions of barrels.

50%chance of at least17,796bcf gas
50%chance of at least611mmbbl liquids
3

How likely is it?

Two chances multiply together: that the oil or gas is really there, and that it actually gets produced.

Being there only matters for an undrilled prospect - a discovery has already proved it. Getting produced needs funding, approvals, buyers and costs to line up. Reserves carry neither.

Chance it's there30%

Applies to the prospects you picked. 20-35% is typical for an undrilled conventional prospect.

Chance it gets produced50%

Applies to discoveries and prospects. Reserves are already counted as produced.

4

What is it worth in the ground?

Oil or gas still underground is worth far less than at the market - someone still has to pay to drill, build and produce it.

These defaults are a common rule of thumb for in-ground value. Takeover prices and broker reports help if you want your own figure.

5

When will we know?

Buru Energy's own stated next steps, from its announcements.

The further away a result is, the longer your money waits - and the more chance of delays or new shares being issued to fund it.

  • 2026Program · Rafael Gas ProjectA$40 million estimated for 2026 resource and flowrate validation program
  • Jun 2027Next step · Rafael 2Hdrilling and testing planned June 2027 Quarter
  • Jun 2027Next step · Rafael 1recompletion planned June 2027 Quarter
✓

Your result

A$1.43bnif every picked target works
28%overall chance, by value
A$404.1mchance-weighted value

What each way to invest is worth

Chance-weighted value against today's price. Listed options get their own column - usually the most geared way in, and the riskiest.

21.19×
A$0.013BRUshares · 74.8× if it works

Your positions if you're right

What a holding would be worth at your chance-weighted A$0.2755 a share. Nothing here is saved.

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