Articles On Buru Energy (ASX:BRU)

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.

Buru’s first well in its 2021 Canning Basin exploration program is targeting mean prospective resources of 28 million barrels.

Western Australian focused oil and gas company Buru Energy (ASX:BRU) advised that the exploration drilling program for conventional oil in the Canning Basin are well underway.  HIGHLIGHTS Exploration drilling campaign preparations advanc...

The company is also planning extensive seismic surveys (around 1,100 kilometres) as part of its 2021 exploration program, with Terrex Pty Ltd expected to be mobilised to the Canning Basin in late June or early July.

Uranium optimism is growing with governments around the world including nuclear energy in their plans to slash carbon emissions and the US saying outright that achieving its climate goals would not be possible without nuclear plants. Nuclea...

Like most energy juniors Buru Energy (ASX:BRU) is no stranger to volatility, and indeed if you know it from the 2011-12 run you may have fond memories of the name. Fast forward to 2021 and they are again drilling a new prospect, and the pr...

The SPP received applications over $1 million - adding to the funds raised from the company’s recent successful $15 million share placement to institutional, professional and sophisticated investors.

Western Australian focused oil and gas company Buru Energy (ASX:BRU) advises that the Company’s Share Purchase Plan (“SPP”) which closed at 5pm Sydney time on Friday 4 June 2021 received subscription applications totalling $1,019,000 from 1...

Crude oil prices have strengthened this week with the benchmark Brent oil now tracking above US$70 per barrel after OPEC and its associates expressed optimism about demand for the fossil fuel. Commonwealth Bank quoted Saudi Arabia energy mi...

Western Australian focused oil and gas company Buru Energy (ASX:BRU) reminds Eligible Shareholders in Buru Energy’s current Share Purchase Plan Offer (Offer), that the closing date for the Offer is this Friday, 4 June 2021. All applications...

The company’s major drilling and seismic program in the Canning Basin consists of two exploration wells at Rafael and Currajong, together with a wide-ranging seismic program aimed at maturing prospects for drilling in future programs.

Western Australian focused oil and gas company Buru Energy (ASX:BRU) advised the exploration drilling program being operated by Buru includes two wells, Currajong 1 and Rafael 1. Both these wells are large conventional oil prospects with a...

"This program represents a new beginning for exploration in the Canning Basin with the potential for discovery of nationally significant quantities of oil if the drilling program is successful in a strong oil price environment,” says chairm...

Western Australian focused oil and gas company Buru Energy (ASX:BRU) advised that mobilisation of the Ensign 963 drilling rig has commenced with the first 14 loads expected to arrive at the Currajong 1 well site today. The rig is being mob...

The exploration program is targeting a total of 97 million barrels of conventional oil (mean prospective resources) from the company’s two exploration wells Currajong and Rafael.

Western Australian focused oil and gas company Buru Energy (ASX:BRU) announced the 2021 exploration drilling program is on track to commence in mid-June with the first rig loads due to be picked up next week. HIGHLIGHTS Rafael 1 well to b...