Articles On Buru Energy (ASX:BRU)

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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...

Preparations for the spud of the Kurrajong 1 conventional oil exploration well are well advanced with the construction of the drilling pad nearing completion.

In a sector that has seen precious little recent domestic exploration, Buru Energy is progressing its plans to kick off a major drilling program onshore in the Canning Basin next month. The drilling program includes exploration wells on two...

Two exploration wells are planned by Buru and partner Origin Energy targeting total mean prospective resources of 97 million barrels of conventional oil, with the first well, Kurrajong 1, expected to spud in mid-June.

Western Australian focused oil and gas company Buru Energy (ASX:BRU) is operating two major exploration wells in the Canning Basin this year, Kurrajong 1 and Rafael 1 in a 50/50 Joint Venture with Origin Energy (Origin). Buru will be carrie...

Western Australian focused oil and gas company Buru Energy (ASX:BRU) is pleased to release the presentation provided by executive chairman Eric Streitberg at the Company’s AGM in Perth. Buru also wishes to advise that the Buru Energy Share...

Western Australian focused oil and gas company Buru Energy (ASX:BRU) advised as follows in relation the upcoming Buru AGM on Thursday 6 May 2021. Shareholder AttendanceIn light of the current increased COVID-19 pandemic restrictions and pr...

Small caps have declined for the fourth time in the past five days — but still finished April with their strongest performance in six months. The Small Ordinaries index gained 4.83 per cent in April despite declining 0.96 per cent this week...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Buru’s $15 million share placement attracted strong support from domestic and international investors, with bids significantly above the placement limit.

Buru Energy Limited (ASX: BRU) announced a successful share placement, receiving firm commitments from institutional, professional and sophisticated, investors to raise a total of $15 million before costs (Placement). The Company will also...

Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand. In its Global En...

The lift in production is due to an increase in rate from the Ungani 5 well as well as the stabilisation of rates from Ungani 7.

Western Australian focused oil and gas company Buru Energy (ASX:BRU) has provided an update on production increase at Ungani Oilfield, Western Australia. Ungani 5 workover completedThe operation to install an Electric Submersible Pump (ESP...

The REY Resources Limited (ASX: REY) share price remains flat today despite the company releasing its quarterly activities report, highlighting a new deal with Origin Energy Ltd (ASX: ORG). The REY Resources share price is 27 cents and has...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Western Australian focused oil and gas company Buru Energy (ASX:BRU) has provided the quarterly activites and cash flow report for the period ended 31 March 2021. HIGHLIGHTS Exploration Three well Canning Basin drilling program on track...

ShareCafeHidden Gems Webinar Recap – PFG, EXL, MX1, BRU Catch up on the full webinar with a keynote presentation from Prime Financial Group (ASX: PFG), Elixinol Global (ASX: EXL), Micro-X (ASX: MX1) & Buru Energy (ASX: BRU) Hidden Gems...

ShareCafeBuru Energy (ASX: BRU) – Hidden Gems Webinar Presentation Presenter – Eric Streitberg – Executive Chairman – Buru Energy Limited is an oil and gas exploration and production company solely focused on exploring and developing the p...

St George Mining has raised investor confidence that the WA explorer has made a long-awaited fifth nickel-copper sulphide discovery with news of exceptional high-grade hits at its Mt Alexander project in the Goldfields. News this week that...