logo-loader
viewBuru Energy Ltd

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: 0.21 AUD

ASX:BRU
Market: ASX
Market Cap: $90.74 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Buru Energy Ltd named herein, including the promotion by the Company of Buru Energy Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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