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Buru Energy enjoys Ungani success ahead of major drilling program

Last updated: 06:11 16 Apr 2019 BST, First published: 16:11 15 Apr 2019 BST

Buru Energy Limited (ASX:BRU) executive chairman Eric Streitberg updates Proactive Investors on the oil company's Ungani operations and its planned 2019 drilling program.
 
Favourable exchange movements have lifted the oil price to over $100 per barrel and the company is pushing ahead with a major drilling program in its Ungani Field project, having signed a more efficient rig.
 
Buru is also excited by its Butler prospect on the Lennard Shelf, which could drive an extensive exploration program over the rest of the year.