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Buru Energy enjoys Ungani success ahead of major drilling program

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.

Quick facts: Buru Energy Ltd

Price: 0.105 AUD

ASX:BRU
Market: ASX
Market Cap: $45.37 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