Buru Energy Ltd

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Market Cap:
$125.3 m
52 weeks high
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Buru Energy welcomes lifting of moratorium on fraccing in WA

The WA Government decision also clarifies that Buru’s Canning Basin permits lie mostly outside the Dampier Peninsula ‘frac free zone’....

1 week, 4 days ago

Buru Energy aims to unlock new Canning Basin exploration play with Miani 1 well

Miani 1 is in the Lennard Shelf acreage which has good all-weather access and infrastructure, and a well-supported history of oil production....

2 weeks ago

Buru Energy identifies potential oil zone at Adoxa 1 on the back of a record recent oil lifting

A lifting of 75,413 barrels of oil (gross) will generate over A$3 million revenue for the company....

on 08/14/2019

Buru Energy confirms significant oil shows from Adoxa 1 exploration well

The significance of these shows will need to be evaluated with wireline logs once the total depth of the well is reached....

on 08/05/2019

Buru Energy spuds Adoxa 1 exploration well in Canning Basin

The well is targeting oil in conventional sandstones of the Reeves Formation. ...

on 07/25/2019

Buru Energy completes lifting of 73,780 barrels produced at Ungani Oilfield

The company’s share of revenue from the May 23 lifting from Wyndham port amounts to A$3.52 million....

on 06/27/2019

Buru Energy starts intensive campaign aiming to increase production and drill high potential exploration wells

The surface casing section of the Ungani 6H well has been drilled and cemented to a depth of 945 metres....

on 05/15/2019

Buru Energy spuds Ungani 6 development well

The initial Ungani 6 drilling operations with the NGD 405 rig are expected to take some 20 days....

on 05/05/2019

Buru Energy on fast-track to start new drilling program at Ungani Oilfield JV

The rig up, crew mobilisation and rig acceptance is on track for spud in the first week in May....

on 04/11/2019

Buru Energy buoyed by review which indicates strong gas and liquids potential for Butler conventional sand prospect

Gross unrisked mean prospective resources of 3.14 TCF of recoverable gas have been independently estimated, with an associated 42 million barrels of condensate....

on 04/10/2019

Buru Energy to restart drilling efforts in June quarter

Buru’s chairman Eric Streitberg will speak at an energy and minerals conference in Brisbane next Wednesday....

on 03/21/2019

Buru Energy retains speculative buy rating from Taylor Collison

The 2019 drilling season is set to commence in May and success could deliver an upside significantly beyond the value of any oil discovered....

on 03/20/2019

Buru Energy ships 70,000 barrels of oil in March lifting as production remains steady at Ungani

Three firm and up to 6 wells total under technical and corporate review and finalisation by the company....

on 03/18/2019

Buru Energy on track to begin 2019 drilling program in Canning Basin

The specialised NGD Rig 405 is expected to be mobilised in early April with the Ungani 6 well spud targeted for May 1....

on 02/24/2019

Buru Energy completes 70,000-barrel oil lifting from Ungani oilfield

Preparations for the 2019 conventional oil drilling program are underway with a scheduled start in mid-April or early-May after the rig contract was executed....

on 01/02/2019

Buru Energy attracts speculative buy rating from broker Taylor Collison

The company is cashed up and carried through $20 million of exploration spend which puts it in a strong financing position....

on 12/23/2018

Buru Energy expects next lifting of 60,000 barrels from Ungani Oilfield this month

The company forecasts that it will have more than $60 million in cash by the end of the year....

on 12/13/2018

Buru Energy to benefit as WA government lifts fraccing moratorium

An independent scientific inquiry commissioned by the West Australian government has concluded that fraccing is low risk when conducted properly with appropriate regulation. This report mirrors the previous 13 reports conducted in Australia....

on 11/27/2018

Buru Energy spuds Ungani West 1 exploration well

The company’s executive chairman Eric Streitberg flagged Buru planned to bring the well into early production if it is a discovery....

on 10/16/2018

Buru Energy oilfield production drill campaign underway

Buru expects to solidly drill the Ungani West 1 exploration well for 32 days before moving equipment back to Ungani 4ST1 well....

on 10/11/2018

WA Petroleum Day highlights Perth LNG hub plan

Western Australia’s treasurer and its mines-and-petroleum agency head both talked about plans to turn the state’s capital into an LNG energy hub....

on 09/14/2018

RIU GoodOilConference examines State’s Canning Basin

Buru is a cashed up oil producer in the Kimberley region which welcomes other players to the basin, including a company backed by Andrew Forrest....

on 09/13/2018