Eric Streitberg, executive chairman of ASX-listed () 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
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