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 (ASX:BRU) has reached a farmout agreement with Energy Resources Limited, a subsidiary of Mineral Resources (ASX:MIN) to restructure their interests in L-20-1 in the Carnarvon Basin.  

As consideration, EnRes will carry Buru through the first two exploration wells expected to be drilled in 2023, and other agreed exploration and overhead costs. EnRes has also agreed to match the funding contribution under the recently announced Commonwealth Grant offered to Buru for a three year Buru operated CCS feasibility study in the onshore Carnarvon Basin.

For more information on Buru's CCS interests check out www.geovault.com.au. 

Proactive Investor Interview - Farmout with Mineral Resources