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

Eric Streitberg brings investors up to speed on work at the Rafael gas discovery, a new CEO appointment and a $14.4 million rights issue to fund this year's activities. Over the course of 2022, the energy stock plans to recomplete the Rafael 1 well and test additional gas-bearing zones, acquire a 3D seismic survey and complete commercialisation and field development studies. As a result, the one-for-six rights issue will provide a substantial funding runway to develop the Canning Basin discovery. Buru will also bring Beach Energy executive Thomas Nador on board as chief executive in September to oversee the business’ day-to-day operations and enact its forward strategy.

Eric Streitberg met with Proactive to discuss Rafael's development, CEO appointment & rights issue.