Articles On Buru Energy (ASX:BRU)

Source: EcoPrint, Shutterstock Summary Iron ore production for Q3 FY21 grew by 44% year-on-year. Iron ore shipments experienced challenges due to inter-border movement restrictions. Lithium production at Mt Marion declined by 16% fro...

Western Australian focused oil and gas company Buru Energy (ASX:BRU) has released an updated corporate presentation to support the major drilling program it will commence in the Canning Basin in June. The drilling campaign is targeting a t...

The drilling rig for the three-well 2021 Canning Basin program has been confirmed as Ensign Rig 963, a sister rig to Ensign 970 that is operating at West Erregulla in the Perth Basin.

The Buru Energy Limited (ASX: BRU) share price is rising today after the company confirmed its drilling rig for the 2021 Canning Basin program and noted substantial progress on its pre-spud activity. The Buru Energy share price is up 5.8%...

Western Australian focused oil and gas company Buru Energy (ASX:BRU) has confirmed it will commence a major drilling program in the Canning Basin in June, following a Letter of Intent being agreed with drilling rig operator Ensign. Buru ha...

Power Up is Stockhead’s fortnightly look at all the news and moves driving ASX energy stocks. After a brief foray above the $US65 ($85.60) a barrel mark in March, oil prices have slid back down to hover around the $US60 a barrel level thank...

Established WA petroleum producer and explorer Buru Energy (ASX: BRU) advises that the latest lifting of Ungani crude oil from Wyndham Port was completed today by the MT SCF Pechora for a total of approximately 70,000 bbls (gross – Buru Ene...

Established WA petroleum producer and explorer Buru Energy (ASX: BRU) today announced that the Annual General Meeting of Buru Energy will be held as follows:  TIME: 10.30am (Perth time) DATE: Thursday, 6 May 2021 PLACE: The Celtic Club, 4...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

Source:Lukasz Z, Shutterstock Summary Buru Energy (ASX: BRU), in a JV with Mineral Resources, has secured the award of a bid block in the onshore Carnarvon Basin in Western Australia. The block complements the company’s existing portf...

Established WA petroleum producer and explorer Buru Energy (ASX: BRU) has accepted an offer for the award of bid block L20-1 in the onshore Carnarvon Basin. HIGHLIGHTS: The geology and play types on the block are similar to and complement...

Mineral Resources Limited (ASX: MIN) today announced it has been successful in the recent WA Government Petroleum Acreage Release, with the award of two highly prospective gas exploration permits in the Perth and Northern Carnarvon Basins....

Large cap mining play Mineral Resources (ASX:MIN) and small cap oil play Buru Energy (ASX:BRU) won another bid block in the onshore Carnarvon Basin. The win comes five months after Mineral Resources first applied and includes two permits al...

West Australian oil and gas company Buru Energy (ASX: BRU) is poised to embark on a major exploration program in the Canning Basin aimed at expanding its operations and extending the life of its producing Ungani Oil Field. Buru executive...

The continued strength of oil prices has seen a steady increase in US oil drilling with the Permian shale oil basin seeing the lion’s share of activity. Of the 411 oil and gas rigs operating in the US last week – a figure which is up nine o...

Buru Energy Limited (ASX: BRU) shares are flying higher today after the company provided a drilling update. At the time of writing, the Buru Energy share price has jumped 6.45% to 16.5 cents.   Let’s take a look at the ASX energy company’s...

Established WA petroleum producer and explorer Buru Energy (ASX: BRU) has announced it is due to commence major operations of exploration drilling and seismic program at Canning Basin, on two large conventional oil prospects. HIGHLIGHTS C...

As the temperature soared to 38C in Perth on Friday and those lucky enough to not be stuck behind a desk flocked to the beach, thoughts of a global sand shortage would have been far from most people's minds. More likely, some would have tur...

Established WA petroleum producer and explorer Buru Energy (ASX: BRU) has lodged its 2020 Annual Report, outlining its solid financial footing, its production from the Ungani Oilfield in the Canning Basin and its growth plans for 2021. In...

The three new directors bring very strong skill sets to the board, including high-level technical skills, as well as deep experience in finance, project development, renewable energy and the transition to an integrated energy future.

West Australian oil and gas company Buru Energy Limited (ASX: BRU) has announced the appointment of three independent non-executive directors to the Board, effective today. The appointments of Ms Joanne Kendrick, Mr Malcolm King and Ms Sam...

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 Kurrajong 1 and Rafael 1.

If the direction of oil and gas prices is anything to go by, you may want to top off your vehicles this week. And perhaps revisit some of the leading ASX energy shares. Oil and gas (LNG) prices both fell off a cliff in 2020. That came as d...

On Stockhead today, Morningstar picks a half-price bargain, gold’s losing the battle against Bitcoin, and how to back the return to office boom. But first…   The day ahead TRADING HALTS The following companies are in trading halts and are e...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4pm AEDT. Stocks highlighted in yellow rose after making announcements.   WINNERS Code Company...

Summary Origin Energy (ASX:ORG) has farm in for interests in seven permits in the Canning Basin. The deal has been entered with Buru Energy, a long-established operator in the basin. The transaction includes five permits owned by Buru...

The transaction “affirms Buru’s view that the Canning Basin is underexplored and is an attractive area for new field exploration, building on Buru’s existing oil and gas discoveries,” says chairman.

Summary Buru Energy and Origin Energy have executed an agreement for an extensive exploration program at the Canning Basin. Drilling will also cover the world-class Rafael Prospect. In a separate transaction, Buru Energy is farming ou...

The transaction “affirms Buru’s view that the Canning Basin is underexplored and is an attractive area for new field exploration, building on Buru’s existing oil and gas discoveries,” says chairman.

The Origin Energy Ltd (ASX: ORG) share price and the Buru Energy Limited (ASX: BRU) share price are on the radar today, after both companies announced that Origin has secured farm-in permits in Buru’s Canning Basin oil field. At the time o...

The company’s 50% revenue share from the lifting is currently estimated at around A$1.8 million, with the price to be finalised at the end of December.

Buru’s 50% revenue share from the lifting is estimated at between A$1.6 million and A$1.7 million, with the price to be finalised at the end of October.

The company’s Paterson North Copper-Gold Project is being progressed in partnership with Rio Tinto Exploration and the Barbwire Terrace base-metals project involves an innovative JV with petroleum explorer and operator Buru Energy.

The company believes the application of petroleum exploration models and techniques in conjunction with its own mineral exploration approach will enable mineralisation at Barbwire Terrace to be efficiently targeted.

The Ungani Joint Venture is undertaking technical and commercial analysis of the feasibility of further development well drilling on the Ungani Oilfield during the 2021 drilling season.

Petroleum and mining companies typically stick to what they know best. But what happens when petroleum drilling uncovers some intriguing mineralised zones? Canning Basin-focused oil producer Buru Energy (ASX:BRU) is looking to capitalise on...

An agreement with Sipa Resources aims to use Buru’s petroleum industry technical capabilities and Sipa’s minerals exploration expertise to unlock value at the project on the Barbwire Terrace in the central Canning Basin.

Northern Territory explorer Global Oil & Gas (ASX: GLV) has expanded into Western Australia’s Canning Basin by taking an option to acquire 20% of a private exploration company holding large oil and gas acreage. The company has an exclus...

Buru is receiving healthy returns on its sales of high-quality crude from the Ungani Oilfield Joint Venture onshore Western Australia.

The Buru Energy Limited (ASX: BRU) share price is charging higher today after the small-cap ASX energy share provided an operations update. At the time of writing, Buru shares have rallied 15% to 11.5 cents per share, taking the company’s ...

An improving crude market has resulted in Buru’s payment share for the recent lifting increasing by approximately US$200,000.

Saudi Arabia and Russia have reportedly agreed to extend production cuts by another month, providing support to oil prices — though a key roadblock to major gains remains in place. OPEC sources told Reuters that the two leading oil producer...

Current field production by the joint venture at Ungani continues to be steady with all wells on production at around 1,500 barrels of oil a day.

“Buru is one of the few listed small Australian oil & gas companies that has solid cash reserves, an excellent asset base and no material exploration commitments.”