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Buru Energy sees progress across its portfolio of core and new energy businesses

Last updated: 13:40 19 Dec 2023 AEDT, First published: 15:27 10 Jan 2023 AEDT

Snapshot

  • Buru Energy sees significant data quality lift with Rafael 3D seismic survey
  • Buru Energy pleased to award pre-FEED study for Rafael
Buru Energy Ltd - Buru Energy gears up for extensive exploration program across the Canning Basin

About the company

Buru Energy Ltd (ASX:BRU) is an oil and gas producer and explorer with its core area of activity in the in the northwest Western Australia in the onshore Canning Basin.

The company is also actively participating in the new energy economy with interests in natural hydrogen, CCS and battery minerals.

How it is doing

24 Mar 2024

Buru Energy Ltd (ASX:BRU, OTC:BRNGF) reveals that fast-tracked processing of the Rafael 3D seismic survey has delivered a significant data quality uplift from the vintage 2D seismic survey and reconfirmed the potential of the significant Rafael conventional gas and condensate resource. 

The fast-track processing of the Rafael 3D seismic survey was undertaken by RealTime Seismic (RTS) in Australia and in France.

Early interpretation insights from the wider 3D data set outside the Rafael structure also showed encouraging prospectivity including areas that were not apparent on the vintage data. These areas include both potential for backfill opportunities for Rafael and new play types. 

Buru says that the uplift in data quality seen on the fast-track processed volumes to date provides confidence that a more detailed stratigraphic interpretation of the Rafael reservoir will be possible. This will assist in appraisal well location planning and quantification of the reservoir geometry. 

19 Dec 2023

Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has updated on the fast-tracked processing and interpretation of its Rafael 3D seismic survey data. A review has provided key insights and reconfirmed the potential of the significant Rafael conventional gas and condensate resource in Western Australia, while meeting one of its principal objectives of assisting in locating optimal appraisal well locations to reduce geological and drilling risks. 

The early interpretation insights from the wider 3D data set, outside the Rafael structure, also show encouraging prospectivity. This includes areas that were not apparent on the vintage 2D seismic data. These areas have the potential to provide material backfill opportunities to a Rafael development as well as other commercialisation options. 

12 Dec 2023

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.

What management says

10 Oct 2023

Buru Energy Ltd (ASX:BRU, OTC:BRNGF) CEO Thomas Nador tells Proactive the company has progressed the development of its Rafael gas condensate resource in the Canning Basin of Western Australia, awarding a pre-Front End Engineering Design (FEED) study to global professional services company GHD Pty Ltd. GHD will deliver concept select level engineering for the first phase of the Rafael development, enabling the project’s progression to FEED in the second half of 2024. Within the last week, Buru has completed the Rafael 3D seismic survey acquisition program on time and on budget. Data from the survey will serve to delineate the Rafael resource structure more precisely and guide the appraisal drilling program planned for 2024.

Buru Energy webinar highlights progress on Rafael discovery

Buru Energy Ltd (ASX:BRU, OTC:BRNGF) CEO Thomas Nador provides an update on the excellent progress Buru has been making, not only on the game-changing Rafael conventional gas and condensate discovery in the Canning Basin of Western Australia but also the building momentum behind Buru’s...

on 1/12/23