Articles On Buru Energy (ASX:BRU)

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.”

A strong balance sheet, continuing oil production and strong interest being shown in the farm-out of its Canning Basin exploration areas has the company on a firm footing.

Chinese oil demand is about to ramp up as its refiners get back to work, but that growth is being capped by the large slowdown in exports. Fuel producers are about to lift the amount of crude oil they use by 755,000 barrels per day (bopd) i...

Field operating costs are also being reduced and the current global crude market environment is being closely monitored.

There’s been many catalysts for low oil prices including the coronavirus and the trade war between Saudi Arabia and Russia. And the fallout from this has been an epic supply glut never before seen in history, which in turn has led to a mass...

The impact of the COVID-19 outbreak is poised to result in a fall in global oil consumption, the first time since 2009, with the bottom falling out of benchmark prices after Saudi Arabia and Russia failed to agree to production cuts. The In...

Coronavirus is behind the slump in oil prices over the last month, as Chinese demand collapses and hedge funds sell that news. Oil demand in China has fallen by 20 per cent or about 3 million barrels a day, according to data from Bloomberg....

The Ungani Oilfield is about 90 kilometres east of Broome and includes five production wells and associated production facilities.

Oil prices are poised to enter 2020 at a higher level than they did a year ago with the benchmark Brent Crude trading up nearly 24 per cent $US66.67 ($95.24) per barrel, while the West Texas Intermediate gained 35.8 per cent to $US61.66 per...

Despite all the hubbub surrounding renewable energy, the world is still driven by oil. And it shows, despite the uncertainty in today’s markets, oil prices have risen over the past 12 months with some significant dips and gains along the wa...

The company expects a strong increase in field production once the Ungani 6ST1 well is completed and brought into production. Buru has also assumed 100% of its core permits in the Canning Basin and plans to introduce a new partner early nex...

The Canning Basin is one of the least explored onshore basins in Australia with producing conventional oil resources and large scale wet gas resources.

Buru Energy Limited (ASX: BRU) will assume 100 per cent equity in three key Canning Basin exploration permits. The company reached an agreement with Roc Oil (Canning) Pty Limited to withdraw its 50 per cent interest in the farm-in permits a...

05 Dec 2019 - Buru Energy (ASX:BRU) has assumed 100% equity in three key Canning Basin exploration permits.

Experts are beginning to whisper a new name as the primary global oil market mover and it’s not OPEC, but China and its demand for hydrocarbons. An analysis from energy site Oil Price suggests oil prices, specifically the North Sea benchmar...

The operation of the underbalanced coil drilling system in the horizontal sections at Ungani 7H development well has exceeded expectations.

Buru Energy (ASX:BRU) looks set to boost its oil production with the company completing a third lateral (horizontal) from its Ungani-7H production well in the Canning Basin, Western Australia. Once this lateral is completed, the company wil...

Junior oil & gas explorer Fremont Petroleum (ASX:FPL) is hoping to strike more oil at its Pathfinder Field prospect in Colorado. Fremont says it’s identified nine “high value” targets from a 3D seismic survey at the site which covered 1...

Only three months after buying a new project in Brazil’s Santos Basin for nearly $1 billion, Karoon Energy (ASX:KAR) is partnering with oil and gas giant Shell. For the next five years, Shell will trade and ship crude oil that is produced f...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The Miani well is relatively shallow at 2,400 metres on a high-potential conventional oil prospect.

Energy player Buru Energy Limited (ASX: BRU) notified that it had been making progress on the operations at the Ungani 7H well. The well was drilled ahead in 8½ inch to a depth of 2,037 metres building hole angle, as planned. Syncing well w...

The WA Government decision also clarifies that Buru’s Canning Basin permits lie mostly outside the Dampier Peninsula ‘frac free zone’.

Junior oil & gas explorer Buru Energy (ASX:BRU) remains optimistic it will get the regulatory clearance it needs to advance its fracking operations in WA. The company highlighted this morning that the WA government had now lifted a mora...

Miani 1 is in the Lennard Shelf acreage which has good all-weather access and infrastructure, and a well-supported history of oil production.

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A lifting of 75,413 barrels of oil (gross) will generate over A$3 million revenue for the company.

Stockhead’s Top 10 at 10 highlights the best (and the worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (e...

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Deep buried memories came flooding back to haunt me this week, the type that are reserved for death time confessions, after I read an article on how a simple error can lead to unintended outcomes. Like the time when I and a few work colleag...

Resource sector of Australia is one of the key contributors in developing the economy of Australia in the form of economic wealth, high wages, investment and tax revenues. The resources sector has been in an explosive growth since the minin...

Oil and gas explorer Buru Energy (ASX: BRU) has found promising signs of oil while drilling its Adoxa-1 exploration well on the Yakka Munga prospect in Western Australia’s onshore Canning Basin. The company today announced the probe, which...