Buru Energy Ltd (ASX:BRU, OTC:BRNGF) CEO Thomas Nador talks with Proactive’s Tylah Tully about the company's strategic initiatives and outlook for 2025.
Recently, Buru Energy announced a refocusing strategy to concentrate on its core assets, notably the development of the Rafael project and the potential restart of the Ungani oilfield.
Nador emphasised that the Rafael project was the most value-accretive opportunity in Buru's portfolio, with plans targeting a final investment decision by late 2025 and first gas production in the second half of 2027.
He stated, "Developing the Rafael project is the most value accretive opportunity the company has in its portfolio."
Additionally, Buru Energy is exploring alternative sales routes to recommence production from the Ungani Oilfield, aiming to reestablish revenue streams.
Looking ahead, the company plans to update investors on project partnerships, gas and liquids offtake agreements and subsidiary divestments in early 2025.
Nador concluded by wishing shareholders a safe and merry festive season, expressing optimism for the company's journey towards building a significant gas and liquids business in northwest Western Australia.