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Buru Energy boss on Canning Superbasin potential

Eric Streitberg, executive chairman of ASX-listed Buru Energy (ASX:BRU) discusses the firm’s core focus – the Canning Superbasin in the southwest Kimberley region of Western Australia.

Buru’s portfolio of production and exploration projects in the area includes a significant conventional oil discovery at the Ungani oil field and the gas resources of the Laurel Formation.

Speaking to Proactive, Streitberg says he considers the Canning Superbasin to be one of the few remaining areas in onshore Australia that is under explored for petroleum.

Buru has managed to cut its exploration costs by 50% in the past year alone, so there’s plenty of exploration to come, as Streitberg explains

Quick facts: Buru Energy Ltd

Price: 0.094 AUD

Market: ASX
Market Cap: $40.61 m

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Buru Energy in 'pretty good shape with strong balance sheet' says exec chairman

Buru Energy (ASX:BRU) is an Australian listed oil and gas exploration and production company. They’re focused primarily on the petroleum resources of the Canning Superbasin – in  Western Australia.

on 10/14/2016

2 min read