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

Buru Energy appoints new chair as it progresses at Rafael

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David Maxwell will take over as chair at Buru Energy Ltd (ASX:BRU, OTC:BRNGF) effective immediately, following the retirement of Eric Streitberg on August 15.

Maxwell was appointed as a non-executive director on July 29, 2024, and takes up the role of chair as Buru moves rapidly to test the high-potential Rafael Shallow 1 well oil target in EP 428, part of Western Australia’s onshore Canning Basin, with well pad construction underway.

“I am proud that the Board of Buru has entrusted the chair of the company to me," Maxwell said.

“I acknowledge and thank Eric for all he has done to build the company and create the opportunities now before us. His commitment and dedication is greatly appreciated. I look forward to working with the Buru team with the objective to grow the value and create opportunities for all stakeholders.”

Commenting on his retirement, Streitberg said: “As a founding shareholder, chairman and director of Buru for 14 years I am very pleased to leave the company in the capable hands of the new chair David Maxwell and CEO Thomas Nador.

“Buru has an exciting future both in the near term with the planned drilling program and the development of the game changing Rafael gas condensate field which also has the potential for further value accretive discoveries.”

Read the full article on Proactive Investors

Proactive Investors - Buru Energy appoints new chair as it progresses at Rafael