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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Buru Energy validates Phase 1 development plan at Rafael with analysis of 3D seismic survey

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Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has gained increased confidence in its Phase 1 development plan for the Rafael discovery on the EP428 and EP457 licences in the Canning Basin of Western Australia after an analysis of 3D seismic survey data.

Incorporating the data into BRU’s contingent estimates at Rafael has increased the confidence of the estimates, tightening ranges and increasing gross recoverable 1C volumes to 85 Bscf (billion standard cubic feet) of gas and 1.8 MMstb (million stock tank barrels) of condensate.

The company says this resource will support the planned Phase 1 Rafael development, using a competitive small-scale facility in the Kimberly aimed at supplying the local gas and condensate market.

Read the full article over on Proactive Investors

Proactive Investors - Buru Energy validates Phase 1 development plan at Rafael with analysis of 3D seismic survey