Buru Energy Ltd (ASX:BRU, OTC:BRNGF) CEO Thomas Nador provides an update on the excellent progress Buru has been making, not only on the game-changing Rafael conventional gas and condensate discovery in the Canning Basin of Western Australia but also the building momentum behind Buru’s subsidiary new energy businesses, 2H Resources and GeoVault.
Nador presented at a live webinar hosted by Proactive’s John Phillips on Wednesday 29 November 2023.
The company recently boosted the coffers with a $5 million share placement, with the objective of channelling the proceeds into delineating the Rafael resource and fast-tracking its commercialisation.
Preparation activities include the confirmation of long-lead items to support the drilling of an appraisal well, and the recompletion and test of the Rafael 1 well, planned for the Kimberley field operating season in the second half of next year.