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BURU ENERGY LIMITED (BRU)


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General Information
Company Name: Buru Energy Limited
Stock Code: BRU
Website: www.buruenergy.com.au
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 444
Equiv. Shares (M): 274

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.595 $ 1.640 $ 1.695 $ 1.590 $ 1.620 628,170 $ -0.025  -1.543 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 8th Apr 2013
12 Month Target Price (average): $3.443
Brokers Surveyed: 3

Company Overview

Business Description:
Buru Energy Limited (BRU) is oil and gas exploration and production company, focusing on the Canning Superbasin, in the southwest Kimberley region of Western Australia. BRU has net equity acreage position of approximately 58,000sqkm in the prospective onshore basin, with the current focuses on Ungani Field and Regional Gas Accumulations.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -5.5 -2.5 -- 0.0 0.0 0.0 --
2011  A -10.3 -5.7 -- 0.0 0.0 0.0 --
2010  A -4.4 -2.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Beach Energy (BPT) $1,604 M 0.7828 -0.2483 0.1432 11.9452 15.8920 13.9011 0.0178 0.0178 0.0178
Buru Energy (BRU) $470 M -- -- -- -- -- -- 0.0000 -- --
Oil Search (OSH) $10,841 M -0.3691 0.0607 1.8198 73.2790 69.0863 24.5003 0.0048 0.0050 0.0050
Santos (STO) $12,632 M -0.1141 0.3991 0.2473 29.0917 20.7937 16.6709 0.0229 0.0229 0.0229
Woodside Petroleum (WPL) $30,946 M 0.1834 0.0140 0.1160 15.4181 15.2046 13.6240 0.0333 0.0529 0.0586

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
BRU -- -- 3.71 -- 140.9
Market 1.07 12.6 0.89 2.31 2.58
Sector 1.37 15.2 0.78 2.32 5.20

Directors
Name Position Start Date
Mr Eric Charles Streitberg Executive Director   
Dr Keiran J Wulff Managing Director 19 October 2012
Mr Graham Douglas Riley Non-Executive Chairman   
Mr Peter Vernon Jones Non-Executive Director 19 October 2009
Austin Miller Non-Executive Director 09 November 2012

Management
Name Position
Christopher (Chris) J Bath Company Secretary

Substantial Shareholders
Holding Name
23,401,066 (9.32%) E C Streitberg
22,320,657 (8.89%) Birkdale Enterprises Pty Ltd

Calendar of Events
Date Event
17 April 2014 Report (Quarterly)
28 January 2014 Report (Quarterly)
28 October 2013 Report (Quarterly)
28 October 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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