Articles On Buru Energy (ASX:BRU)

This program will include a series of flow periods and shut-ins to determine reservoir parameters and is the next critical step in quantifying the potential of the discovery.

The well in Exploration Permit 428 held in joint venture with Origin Energy encountered an interpreted series of significant gas columns.

Junior oil and gas play Buru Energy (BRU) flags a potential $4.1 million in revenue to hit its books from crude oil lifted from its Canning Basin operations in Western Australia The company says the latest lifting of Ungani crude oil from...

Buru Energy (BRU) has a grim start to the trading week after flagging some delays and challenges at its Canning Basin well operations in WA’s Kimberley region The oil and gas explorer has had to delay planned test work at its Rafael 1 well...

The well testing program at Rafael 1 will be undertaken as soon as practicable after February 5 and Buru expects that it is most likely to commence in the third week of February.

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

It looks like them energy names are on the rise Wednesday, largely punching above a local market weighed down by weak US leads and possibly boredom. But don’t thank our collective refusal to acknowledge a warming planet. In this case oil pr...

Last year Andrew ‘Twiggy’ Forrest’s investment arm Tattarang bought iconic boot brand RM Williams for $190 million, and invested in Sun Cable Australia via Squadron Energy  – but that was just the beginning of a tidal wave of investments. T...

Buru Energy has a 50% operating interest in the conventional Ungani Oilfield (comprising production licences L20 and L21), while Roc Oil Company Limited holds the remaining 50%.

Buru Energy (BRU) provides an update on the Ungani 8H well drilling east of Broome A 20 inch surface conductor was successfully set at 49.5 metres It has been drilled to section depth of 991 metres with casing installed at 988 metres which...

The Ungani 8H well surface location is on Production Licence L20, some 700 metres to the north-northwest of the Ungani 1 and 2 wellheads and the Ungani Production Facility.

Planned flow testing at Buru Energy’s (BRU) Rafael-1 well in the Canning Basin of WA has been delayed due to recent COVID-19 related border closures The energy stock was planning to bring specialised operators in from South Australia and...

Buru Energy is almost ready to begin reservoir parameter testing at Rafael 1 well in the Canning Basin, following the completion of the well's casing string and installation of the wellhead Christmas tree. The company also expects to comple...

Buru Energy (BRU) has seen the rig released from the Rafael 1 well in Western Australia Rafael 1, jointly held by Buru Energy and Origin Energy, was run with 114 millimetres of tubing, set inside a seven-inch casing The rig was released at...

US stocks tumbled on Friday All three major US stock markets tumbled on Friday, as mega tech stocks fell hard. The Nasdaq was down by 1.92%, the S&P500 by 0.85%, and the Dow Jones index by 0.17%. Weak non-farm payrolls added to the unce...

The Australian bourse recouped most of yesterday’s losses despite tech stocks dropping again, this time by 3.49%. The ASX 200 rose 0.78%, closing at 7,411 points, with the gains driven by the resources and energy sectors, which gained 2.3%...

Buru Energy (BRU) spikes this morning after said it is gearing up for production testing at its Rafael 1 well in the Canning Basin of WA After acquiring wireline logs over the six-inch hole section in the well, below the seven-inch casing...

Buru Energy executive chairman Eric Streitberg said: “Subject to further analysis of data to hand, and to the results of the impending production test, the Rafael discovery has the potential to be a very material wet gas accumulation in con...

The ASX finished the day in the green and Ventia Service (ASX:VNT) defied the pattern of $1b+ floats underperforming by gaining 22% on its opening day. Also listing today was Cooper Metals (ASX:CPM) and it had a gain too, rising 10% today....

Buru Energy (BRU) shares dip in morning trade after the company announces it has drilled its Rafael 1 hole in WA’s Canning Basin region to a full depth of 4141 metres Buru says the final bout of drilling for Rafael 1 struck “excellent gas...

Further good to excellent gas shows have been encountered in a discrete 120 metre gross thickness interval of Ungani Dolomite equivalent section from 3,857 metres to 3,977 metres measured depth.

Wireline logs indicate the presence of vugular dolomite and zones where hydrocarbons are present, most likely wet gas, consistent with the gas measured at surface from the circulated influx.

Wall Street keeps climbing to fresh new records US stocks have risen for their seventh consecutive day, each time hitting new record highs. On Monday, all three US benchmark indexes rose again – the Dow Jones by 0.29%, the S&P 500 by 0....

Buru Energy (BRU) circulates the Rafael 1 exploration well in the Canning Basin with increasing mud weight The work was completed to address the gas influx which was encountered during drilling It follows the company’s last update where it...

“The presence of wet gas to light oil mudgas shows is encouraging, but wireline logs will be required to determine the significance of the indications we have seen to date,” says chairman.

“The somewhat unexpected but very welcome presence of hydrocarbon shows in the sandstones above the expected main reservoir section indicates that there is an active petroleum system and valid trapping mechanism at the Rafael location,” say...

Buru Energy (BRU) detects hydrocarbon shows within the Rafael-1 well in the Canning Basin of Western Australia A detection unit detected up to 4.9 per cent hydrogen in the well, up to two per cent hydrogen in the zone with mudgas hydrocar...

The wholly-owned subsidiary has recently been granted more than 29,000 square kilometres of permits in South Australia that are on geological trend with legacy natural hydrogen discoveries.

The lifting of approximately 74,000 barrels by the MT SCF Pechora was completed on Tuesday evening and coincides with strong Brent oil prices.

Minerals260 (ASX:MI6), a spinoff from Liontown Resources (ASX:LTR), enjoyed a positive debut despite the ASX finishing down again. The ASX 200 retreated 0.26% to close at 7,821 points with all sectors in the red except consumer staples and...

The lifting of crude from the Wyndham tank by the MT SCF Pechora is expected to be in excess of 70,000 barrels.

Minerals explorer Zenith Minerals has enjoyed a massive rerating over the past 12 months, with its share price soaring more than 80%. That came on the back of exposure Zenith Minerals (ASX:ZNC) had to the emerging top-tier Earaheedy zinc di...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Buru is the largest acreage holder in the Canning Basin and is the operator of all of its exploration permits.

V-Con is Stockhead’s investing focused video conference series, bringing you expert insights, panel discussions and presentations from leading analysts, listed small caps and industry players. This latest video conference focuses on the oil...

Operations are proceeding as planned with no incidents and no rig downtime with the well drilled ahead to section depth of 1,652 metres in 17½ inch (445 mm) hole.

Crude prices have climbed for a second day in a row after a fire broke out on a Petroleos Mexicanos (Pemex) offshore production platform in the Gulf of Mexico, killing five workers and knocking out about a quarter of the country’s productio...

Rafael 1, which was spudded on Sunday, is being drilled by Buru Energy in Exploration Permit EP 428 in the Canning Basin in northwest Western Australia.

During the December quarter, farm-out transactions were executed with Origin Energy for a wide-ranging exploration program including two conventional oil exploration wells at Currajong 1 and Rafael 1.

“Rafael 1 is targeting a geologically distinct formation to Currajong 1 with significantly larger potential resources and we are very much looking forward to drilling that prospect,” says chairman.

The 2021 financial year was one of contrasts for the oil and gas industry with low crude prices making life challenging for many ASX companies earlier in the year before a strong recovery improved conditions. Oil prices traded below the US$...

Buru has released the rig from Currajong 1 following the successful completion and pending production test of that well.

Stockhead’s Q-Wrapz video series features one-on-one interviews showcasing the latest quarterly results of emerging ASX companies. In this instalment, veteran resources journalist and ‘Garimpeiro’ columnist Barry FitzGerald interviews Eric...

“The results so far at Currajong 1 are very encouraging, and we look forward to the production test to confirm the interpretation of the well results to date," says Chairman.

RockTalks is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week. The program is sponsored by Bridge Street Capital Partners, a leading ECM and principal investment firm focused on min...

“The first part of the Currajong program has gone according to plan with the rig operating efficiently and the operation on schedule,” says executive chairman.