Buru Energy maps plan for oil production growth at Ungani
Buru's shares recently hit a 12-month high of $0.36.
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 on-track for production tests at Ungani 5 and completion of Ungani 4
The Ungani Oilfield is positioned in the Canning Basin.
Buru Energy reveals expanded oil potential in Ungani Field
Buru Energy shares have been climbing in recent months.
Buru Energy doubling oil handling capacity at Ungani Oilfield and close to completion on development wells
New storage tanks at the Canning Basin project will be commissioned shortly.
Buru Energy doubling oil handling capacity at Ungani Oilfield
New storage tanks at the Canning Basin project will be commissioned shortly.
Buru Energy maintains the drilling pace at Ungani
Production at Ungani recommenced in late October 2017.
Buru Energy continues oil production ramp up amid surging prices
Shares in the company are trading up 55% over the past six months to $0.29.
Buru Energy's shares trade higher as all going to plan at Ungani
The results of the logs are anticipated to be available on Friday.
Buru Energy’s forward program fully-funded following oversubscribed placement
Funds raised to be used for the multiphase development program at the Ungani Oilfield.
Buru Energy on-track to monetise first crude from Wyndham, secures drilling rig
Buru is currently raising funds to accelerate development.
Buru Energy nears first sale of oil from the new Wyndham tank
Buru is pleased with the positive response to its capital raising and new strategy
Buru Energy gets in-the-money raising underway for development of Ungani Oilfield
The offer is expected to close on 1st September 2017.
Buru Energy targets funding to accelerate Ungani development
Buru's immediate focus is the accelerated development of the Ungani Oifield in Western Australia.
Buru Energy Ltd restructures debt for flexibility
The company's cash balance at 30 June 2017 was $18.7 million.
Buru Energy delivers first oil from Ungani restart
The company aims to ramp up to 1,250 barrels per day in the coming weeks.
Buru Energy restarts production from Ungani Oilfield
Buru’s immediate focus is maximising cash flow from oil production.
Buru Energy transforms its cash flow and exploration portfolio
This transaction provides Buru and Mitsubishi the ability to achieve their objectives.
Buru Energy closing in on oil production restart
The company has a high equity interest of ~50% in all of its core permits.
Buru Energy set to restart oil production from Ungani
Buru is set to re-enter production in a time of stable oil prices.
Buru Energy confirms Laurel tight gas potential and advances Ungani oilfield restart
Asgard 1 is located onshore in the Canning Basin of Western Australia.