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Buru Energy enjoys Ungani success ahead of major drilling program

Buru Energy Limited (ASX:BRU) executive chairman Eric Streitberg updates Proactive Investors on the oil company's Ungani operations and its planned 2019 drilling program.
 
Favourable exchange movements have lifted the oil price to over $100 per barrel and the company is pushing ahead with a major drilling program in its Ungani Field project, having signed a more efficient rig.
 
Buru is also excited by its Butler prospect on the Lennard Shelf, which could drive an extensive exploration program over the rest of the year.

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Price: 0.1575 AUD

Market Cap: $84.8 m

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Buru Energy upbeat as it spuds Rafael 1

Buru Energy Ltd (ASX:BRU)'s Eric Streitberg speaks to Proactive soon after the news they've spudded the Rafael 1 conventional oil exploration well. They're targeting mean prospective resources there of 69 million barrels. Rafael 1, which was spudded on Sunday, is being drilled in Exploration...

on 25/8/21

2 min read