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 sees "positive outcome” for Canning Basin JV following Origin divestment news

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Buru Energy Ltd (ASX:BRU) has responded to news that Origin Energy intends to exit upstream exploration permits and divest 50% of its joint venture interests with Buru in the Canning Basin.

The company says that Origin’s intentions to withdraw stem from its funding and strategic imperatives and are not a reflection on the quality and potential of the Canning Basin assets shared with Buru, including the Rafael gas and condensate discovery.

In late June Origin advised Buru that it would require additional time to consider the required internal Origin approvals for the testing and 3D seismic operations at the Rafael 1 gas condensate discovery.

Read the full article on Proactive Investors

Proactive Investors - Buru Energy eyes commercialisation pathway for Rafael discovery