Buru Energy

Buru recognises the Traditional Owners of the land on which we operate, and we acknowledge their ongoing cultural and spiritual connections to the lands, waters, skies and communities. We pay our respects to their Elders past, present and emerging.

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Welcome to Buru Energy

Buru Energy flips the switch on production at Ungani Oilfield

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A production restart at the Ungani Oilfield in Western Australia is cause for celebration for ASX-lister Buru Energy Ltd (ASX:BRU, OTC:BRNGF).

The production hub has kicked back into gear after a major export road was shuttered in the wake of ex-Tropical Cyclone Ellie back in January.

Since then, Main Roads WA has crafted a low-level Fitzroy River crossing that’s suitable for heavy vehicles, meaning Buru has begun clearing the existing oil inventory at the Ungani Production Facility.

Subsequently, the energy stock is back in action at the WA asset, with initial oil production rates similar to pre shut-in rates of between 500 and 600 barrels of oil per day.

The next oil lifting from Wyndham Port — destined for the Southeast Asian market — is scheduled for Q3 2023.

Read the full article on Proactive Investors.