Buru Energy Limited

Equities

BRU

AU000000BRU3

Oil & Gas Exploration and Production

Delayed Australian S.E. Other stock markets 10:51:10 2024-05-12 pm EDT			5-day change	1st Jan Change
0.091 ^AUD	-4.21%		-1.09%	-17.27%

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 welcomes WA Domestic Gas Policy

August 17, 2023 at 08:44 am EDT

Buru Energy Limited (Buru, Company) is pleased to advise that on 16 August 2023, the Westen Australian Government announced an update to its Domestic Gas Policy (Policy) which allows the export of gas from the Canning Basin, containing Buru's 100% owned and operated Rafael conventional gas and condensate discovery.

The Policy requires Canning Basin gas project developers to make available 15% of export volumes for the domestic market. Buru's phased development strategy for commercialising its Rafael discovery works in harmony with this Policy.

Phase 1 of the Rafael project is a Kimberley based hybrid gas to power and renewables project designed to meet the current and growing energy demands of the region. This domestic focused project is based on the already defined 1C volume estimate of the Rafael contingent resource and is designed to meet the domestic market reservation threshold under the Policy. Work on Phase 1 engineering is proceeding, with Final Investment Decision targeted for mid-2025. Phase 2 concept selection for an export focused project will follow resource appraisal in 2024. This update to the Policy confirms a key regulatory enabler for developing this larger scale project and is welcomed by Buru.

Commenting on the updated WA Domestic Gas Policy, Buru's CEO Thomas Nador said: 'Buru welcomes the added certainty the updated Domestic Gas Policy brings to its Rafael gas and condensate development. The Canning Basin is not connected to an existing pipeline network. By confirming the project is able to export gas in the future provides Buru with strategic optionality to develop Rafael, and significantly enhances the attractiveness of the project to potential development partners. This is positive for the development of Rafael and the Canning Basin, positive for the region and positive for our shareholders.'

Contact:

Tel: +61 8 9215 1800

Email: info@buruenergy.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

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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.

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Oil & Gas Exploration and Production

Calendar

2024-05-29 - Annual General Meeting

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Sector Other Oil & Gas Exploration and Production

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