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

Proactive Investors - Buru Energy raises A$3.7 million in oversubscribed share purchase plan

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Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has completed an oversubscribed share purchase plan (SPP), which has delivered approximately A$3.7 million.

The money raised from the SPP, along with the A$5 million raised in last month’s placement at 11.5 cents per share, will be used for the ongoing appraisal and development of BRU’s Rafael gas and condensate discovery in the Canning Basin of Western Australia.

The company received strong support for both the placement and SPP as it continues to progress the planned Rafael 2024 appraisal drilling program and commercialisation activities.

Read the full article over on Proactive Investors