Company
Buru Energy Ltd
ASX:BRU
Buru Energy Ltd is an ASX listed diversified energy company focused on exploration and production of hydrocarbon and non-hydrocarbon energy resources in Australia. The company is headquartered in Perth, Western Australia with a regional operational office in Broome. It pursues the exploration, development and commercialisation of hydrocarbon resources in the onshore Canning Basin in north-western Australia.
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Buru Energy to discuss progress across hydrocarbon and new energy portfolio at investor webinar
Buru Energy CEO Thomas Nador will provide an update on the exciting progress Buru has been making at a live webinar hosted by Proactive’s John Phillips on Wednesday 29 November 2023.
Buru Energy sees progress across its portfolio of core and new energy businesses
During the December quarter, farm-out transactions were executed with Origin Energy for a wide-ranging exploration program including two conventional oil exploration wells at Currajong 1 and Rafael 1.
Buru Energy sees progress across its portfolio of core and new energy businesses
Buru is the operator of a portfolio of seven exploration permits and five production licences in the Canning Basin in northwest Western Australia.
Buru Energy partners with Transborders Energy to examine Kimberley-based marinised LNG plant solution
"We are very pleased to be collaborating with Transborders on the potential use of a more localised, scalable, and innovative LNG solution for bringing Rafael gas to market," Buru CEO Thomas Nador said.
Buru Energy appoints highly experienced CFO as it looks to build on oil, gas and energy transition businesses
Paul Bird brings more than 25 years of mostly energy sector experience to BRU, as well as a strong track record of finance and business administration
Buru Energy sees "positive outcome” for Canning Basin JV following Origin divestment news
The company says it continues to work cooperatively to facilitate a positive outcome for the Canning Basin joint venture in light of the Origin decision to divest its upstream interests.
Buru Energy anticipates record revenue from Ungani oil lifting to begin today
The company is anticipating revenue of A$5.5 million based on the Brent Crude Oil price, which is trading at a nine-year high. This is an additional A$1 million in revenue compared to its previous largest lifting in February this year.
Buru Energy raises $9.2 million to push forward with appraisal and commercialisation work at Rafael
The money raised was the result of a 1 for 6 non-renounceable pro-rata entitlement offer of fully paid ordinary shares in Buru at an offer price of $0.16 per new share.
Buru Energy readies for Rafael well test in Q3
“The next few months are going to be very exciting as the Rafael testing program gets underway and our commercialisation and CCS activity ramps up,” says executive chair.
Buru Energy and Energy Resources agree permit and CCS equity restructure of onshore Carnarvon Basin area L20-1
“The farm-out transaction will allow EnRes to bring the expertise of its highly successful Perth Basin operating team to the L20-1 area and allow Buru to focus on its very exciting Rafael gas condensate discovery in the Canning Basin and on
Buru Energy strengthens executive leadership team with new CEO
Thomas Nador is a globally experienced oil and gas executive with a track record of project delivery and performance enhancement.
Buru Energy launches $14.4 million rights issue to fund Rafael gas discovery appraisal program
Given the potential of the discovery, a structured appraisal program aimed at quantifying and then commercialising the resource is being planned.
Buru Energy buoyed by independent Rafael review that confirms potential for major gas resource
“This independent assessment has confirmed Buru’s view that the Rafael structure contains a large condensate rich conventional gas accumulation that has the potential to be regionally significant for both the Kimberley region and for the St
Buru Energy lands grant offer for GHG storage, advancing Geovault energy transition
The company recognises the importance that GHG storage projects will have for achieving the government’s emission reduction goals and has moved quickly to build expertise in GHG storage through its wholly-owned Geovault subsidiary.
Buru Energy moves ahead as energy market booms
Strong oil futures have provided further impetus for the Ungani joint venture to optimise production from the Ungani Oilfield, which is currently producing some 600 barrels per day.
Buru Energy data points to “very substantial conventionally reservoired gas accumulation” at Rafael 1 discovery
“We have a way to go yet, but as we gather each piece of data from the Rafael discovery, they all point to a substantial gas accumulation in conventional reservoirs with very valuable light oil content and low CO2 content,” says chairman.
Buru Energy completes all-important flow test at Rafael 1 as it refines corporate strategy
As work ramps up, Buru has also decided to bolster its leadership and advisory team with new appointments.
Buru Energy's Rafael initial flow test successful with gas flows to the surface
During the initial stabilised portion of the clean-up period, the gas rate was estimated to be flowing at between 4 to 5 million cubic feet per day on a 32/64” fixed choke with a wellhead flowing pressure of 970 psi.
Buru Energy begins testing operations at Rafael-1 well in Canning Basin
Testing operations for the Rafael-1 well have begun, with initial clean-up flow already underway. Testing was briefly delayed by minor operational issues which were safely resolved.
Buru Energy to start flow testing Rafael 1- within the week
Testing is expected to start in the next few days and take 7 to 10 days to complete, subject to any weather or operational delays.
Buru Energy brings forward flow test of Rafael 1 well discovery
This program will include a series of flow periods and shut-ins to determine reservoir parameters and is the next critical step in quantifying the potential of the discovery.
Buru Energy readies for all-important flow test of Rafael 1 discovery
The well in Exploration Permit 428 held in joint venture with Origin Energy encountered an interpreted series of significant gas columns.
Buru Energy updates operations at Rafael 1 and Ungani 8H
The well testing program at Rafael 1 will be undertaken as soon as practicable after February 5 and Buru expects that it is most likely to commence in the third week of February.
Buru Energy continues turning the drill bit at Canning Basin’s Ungani 8H development well, shares rise
Buru Energy has a 50% operating interest in the conventional Ungani Oilfield (comprising production licences L20 and L21), while Roc Oil Company Limited holds the remaining 50%.
Buru Energy spuds Ungani 8H development well
The Ungani 8H well surface location is on Production Licence L20, some 700 metres to the north-northwest of the Ungani 1 and 2 wellheads and the Ungani Production Facility.
Buru Energy's Ungani Oilfield well 8H on track to be spudded later this week
Rafael 1 flow test due to commence in mid-January.
Buru Energy advances Rafael 1 well in Canning Basin toward production, Christmas tree installed
Buru Energy is almost ready to begin reservoir parameter testing at Rafael 1 well in the Canning Basin, following the completion of the well's casing string and installation of the wellhead Christmas tree. The company also expects to comple