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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Proactive Investors - Buru Energy identifies high potential Rafael Shallow prospect on 3D seismic; drill planning underway

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Buru Energy Ltd (ASX:BRU, OTC:BRNGF) is making marked progress in its exploration efforts within Exploration Permit EP 428 in Western Australia with the identification of a low-cost, 3D-defined, potentially large-scale Rafael Shallow prospect.

Recent interpretation of the Rafael 3D seismic dataset has highlighted a promising shallow prospect, partly overlaying the Rafael 1 gas and condensate accumulation.

The new prospect encompasses the Poole Sandstones and Grant Formation at depths less than 1,200 metres and spans a considerable 18 square kilometres.

Planning is underway to drill this prospect during the 2024 operating season, with internal assessments suggesting prospective resource volumes ranging from 3.2 million barrels (MMstb) to as high as 79 MMstb, with a best estimate of 19 MMstb of recoverable liquids.

Read the full article on Proactive Investors