Buru Energy Limited

Equities

BRU

AU000000BRU3

Oil & Gas Exploration and Production

Market Closed - Australian S.E. Other stock markets 02:10:36 2024-05-13 am EDT			5-day change	1st Jan Change
0.093 ^AUD	-2.11%		-5.10%	-15.45%

May. 08	Buru Energy Establishes Unmarketable Parcel Share Facility	MT
Mar. 25	Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Buru Energy confirms phased strategy to commercialise Rafael

August 03, 2023 at 10:16 am EDT

(via NewsDirect)

Buru Energy Ltd (ASX:BRU, OTC:BRNGF) CEO Thomas Nador tells Proactive the company has confirmed a phased development strategy to commercialise its 100%-owned and operated Rafael discovery – the first proven significant conventional gas and condensate field in the Canning Basin of Western Australia. He says the strategy follows completion of concept studies that cover the full range of independently assessed contingent resources of gas and condensate.

“With full ownership of the Rafael discovery, Buru continues to de-risk the development through a project realisation approach that is designed to balance certainty of development outcome and value with the ongoing maturity of understanding of the Rafael accumulation,” Nador said.

The work done to date confirms that Rafael gas and condensate can be technically, commercially, and economically developed across the full range of independently assessed contingent resources, with a sequenced development based on appraisal outcomes providing strategic advantages to resource development.

This strategy will support the potential transformation of the Kimberley power system by providing a mix of low carbon intensity, secure and affordable energy to regional industrial consumers and communities in the near term, and also help optimise a full-scale, CCS supported, and export focussed development in the medium to longer term.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Buru Energy Limited

Buru Energy Establishes Unmarketable Parcel Share Facility	May. 07	MT
Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 25	CI
Buru Energy Raises AU$3.7 Million in Share Purchase Plan	Dec. 12	MT
Transcript : Buru Energy Limited - Special Call	Nov. 28
Buru Energy Subsidiary Completes Carbon Capture Study at Rafael Project	Nov. 27	MT
Buru Energy to Raise AU$5 Million in Placement; To Open Share Purchase Plan	Nov. 14	MT
Buru Energy Hires Contractor for Rafael Phase 1 Project	23-10-09	MT
Buru Energy Picks Miro Capital for Canning Basin Partner Selection Process	23-10-06	MT
Buru Energy Completes Seismic Survey at Rafael Gas Discovery	23-10-03	MT
Buru Energy Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-08	CI
Buru Energy Starts Acquisition of Rafael 3D Seismic Survey	23-09-04	MT
Buru Energy Set to Reclaim Complete Ownership of Ungani Oilfield	23-08-22	MT
Buru Energy Divests Carnarvon Basin Assets in AU$5 Million Deal; Shares Down 5%	23-08-14	MT
Energy Resources Ltd acquired remaining 25% interest in Onshore Carnarvon Basin of Western Australia from Buru Energy Limited for AUD 5 million.	23-08-13	CI
Buru Energy Executes Seismic Survey Contract for Western Australian Exploration Permit	23-07-20	MT
Buru Energy Pauses Oil Transport at Ungani Oilfield Following Weather Event	23-07-07	MT
Buru Energy Wins Approval for Declaration of Location for Rafael 1 Gas & Condensate Discovery; Shares Jump 11%	23-07-03	MT
Transcript : Buru Energy Limited - Shareholder/Analyst Call	23-05-24
Buru Energy Rises 8% After Restarting Oil Production at Ungani Production Facility	23-05-14	MT
Buru Energy Provides Update in Relation to the Restart of Production from the Ungani Oilfield	23-05-14	CI
Buru Energy Submits Location Application for Rafael 1 Gas and Condensate Discovery	23-04-04	MT
Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-27	CI
Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-27	CI
Buru Energy Acquiring Origin Energy's Canning Basin JV interests	23-02-13	MT
Buru Energy Limited agreed to acquire remaining 50% interest in EP 428, EP 129, EP 391, EP 431 and EP436 from Origin Energy West Pty Ltd for AUD 34 million.	23-02-12	CI

Chart Buru Energy Limited

Duration

Period

More charts

Company Profile

Buru Energy Limited is an Australia-based energy company. The Company is engaged in production and exploration of oil and gas. The Companyâs petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia. In the Kimberley, it owns and operates 50% of the conventional Ungani Oilfield project and the conventional gas condensate discovery. It also operates a Canning Basin wide portfolio of exploration permits and licenses for prospective conventional and unconventional resources with working interests ranging from 60% to 100%. The Company is also involved in natural hydrogen, carbon capture and storage, and battery mineral activities.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-29 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
BURU ENERGY LIMITED	-15.45%	42.11M
CHEVRON CORPORATION	+10.43%	306B
CONOCOPHILLIPS	+5.06%	143B
CNOOC LIMITED	+53.85%	129B
CANADIAN NATURAL RESOURCES LIMITED	+20.77%	81.77B
EOG RESOURCES, INC.	+7.46%	74.77B
OCCIDENTAL PETROLEUM CORPORATION	+5.71%	56.36B
HESS CORPORATION	+10.18%	49.26B
DIAMONDBACK ENERGY, INC.	+29.51%	36.06B
WOODSIDE ENERGY GROUP LTD	-8.79%	35.89B

Other Oil & Gas Exploration and Production