Buru Energy CEO Thomas Nador talked with Proactive about the company’s new deep gas target, Flying Fox, located directly beneath its proven Rafael gas and condensate field in Western Australia’s onshore Canning Basin.
Nador explained that analysis indicates a prospective resource of between 60.00 billion cubic feet and 614.00 billion cubic feet of gas, along with between 1.20 million and 12.60 million barrels of associated condensate. “It’s the most cost-effective way of testing it,” he said, referring to the potential to drill an additional 500 metres beneath the Rafael accumulation during the planned second Rafael well in the first half of 2026.
He emphasised that the Flying Fox prospect will not detract from the company’s primary focus — developing the Rafael gas project itself. The decision to deepen the well will depend on discussions with an upstream development partner, a process already underway.
Nador added that in the coming weeks, the market should not expect significant news flow as commercial discussions remain confidential. Work is progressing in parallel on partner selection for the Rafael project and the nearby Mars oil prospect, with first cash flow targeted for 2028.
For more videos, visit Proactive’s YouTube channel, give this video a like, subscribe, and enable notifications for future content.
#BuruEnergy #FlyingFox #RafaelGasProject #CanningBasin #NaturalGas #Condensate #EnergyDevelopment #GasExploration #OilAndGasAustralia #UpstreamDevelopment #ThomasNador #ProactiveInvestors