Buru Energy Limited

Equities

BRU

AU000000BRU3

Oil & Gas Exploration and Production

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
0.105 ^AUD	+6.06%		-12.50%	-4.55%

Mar. 25	Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Buru Energy Raises AU$3.7 Million in Share Purchase Plan	MT

Buru Energy Limited - Operations Update Ungani Oilfield

August 30, 2023 at 08:54 am EDT

Buru Energy Limited (Buru, ASX: BRU) is pleased to provide an update on the Ungani Oilfield Operations.

Ungani Oil Lifting

A successful crude oil lifting from Wyndham Port by the crude tanker British Sailor was completed on 27 August 2023 for a total of 72,500 bbls. As per the marketing agreement with BP Singapore Pte Limited (BP), BP have purchased the crude oil FOB Wyndham and will deliver it to a refinery in SE Asia. The price received from BP is a fixed differential to average dated Brent oil price for the month of September 2023, with Buru's 50% revenue share from the lifting estimated at A$4.0 million. This was the final oil lifting prior to the suspension of operations at the Ungani oilfield (refer to ASX release on 11 Aug 2023 for more details on the suspension of operations).

Commenting on the operations update, Buru's Chief Executive Officer Thomas Nador said: 'The Ungani Oilfield has produced and sold over 2.3 million barrels of crude oil since production commenced in 2012. Sales revenue from the Ungani field has provided significant benefits to Buru shareholders, Traditional Owners, the Government and Kimberley communities. Buru has a proud history of production operations in the Kimberley and looks forward to maintaining a strong presence in the region as it progresses the development of its flagship Rafael conventional gas and condensate discovery for the benefit of the region.'

Contact:

Tel: 1800 337 330

Email: info@buruenergy.com

Latest news about Buru Energy Limited

Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 25	CI
Buru Energy Raises AU$3.7 Million in Share Purchase Plan	Dec. 12	MT
Transcript : Buru Energy Limited - Special Call	Nov. 28
Buru Energy Subsidiary Completes Carbon Capture Study at Rafael Project	Nov. 27	MT
Buru Energy to Raise AU$5 Million in Placement; To Open Share Purchase Plan	Nov. 14	MT
Buru Energy Hires Contractor for Rafael Phase 1 Project	23-10-09	MT
Buru Energy Picks Miro Capital for Canning Basin Partner Selection Process	23-10-06	MT
Buru Energy Completes Seismic Survey at Rafael Gas Discovery	23-10-03	MT
Buru Energy Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-08	CI
Buru Energy Starts Acquisition of Rafael 3D Seismic Survey	23-09-04	MT
Buru Energy Set to Reclaim Complete Ownership of Ungani Oilfield	23-08-22	MT
Buru Energy Divests Carnarvon Basin Assets in AU$5 Million Deal; Shares Down 5%	23-08-14	MT
Energy Resources Ltd acquired remaining 25% interest in Onshore Carnarvon Basin of Western Australia from Buru Energy Limited for AUD 5 million.	23-08-13	CI
Buru Energy Executes Seismic Survey Contract for Western Australian Exploration Permit	23-07-20	MT
Buru Energy Pauses Oil Transport at Ungani Oilfield Following Weather Event	23-07-07	MT
Buru Energy Wins Approval for Declaration of Location for Rafael 1 Gas & Condensate Discovery; Shares Jump 11%	23-07-03	MT
Transcript : Buru Energy Limited - Shareholder/Analyst Call	23-05-24
Buru Energy Rises 8% After Restarting Oil Production at Ungani Production Facility	23-05-14	MT
Buru Energy Provides Update in Relation to the Restart of Production from the Ungani Oilfield	23-05-14	CI
Buru Energy Submits Location Application for Rafael 1 Gas and Condensate Discovery	23-04-04	MT
Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-27	CI
Buru Energy Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-27	CI
Buru Energy Acquiring Origin Energy's Canning Basin JV interests	23-02-13	MT
Buru Energy Limited agreed to acquire remaining 50% interest in EP 428, EP 129, EP 391, EP 431 and EP436 from Origin Energy West Pty Ltd for AUD 34 million.	23-02-12	CI
Hopes of Slower US Fed Rate Hikes Buoy Australian Shares to Nearly Nine-Month High	23-01-16	MT

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Company Profile

Buru Energy Limited is an Australia-based energy company. The Company is engaged in production and exploration of oil and gas. The Companyâs petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia. In the Kimberley, it owns and operates 50% of the conventional Ungani Oilfield project and the conventional gas condensate discovery. It also operates a Canning Basin wide portfolio of exploration permits and licenses for prospective conventional and unconventional resources with working interests ranging from 60% to 100%. The Company is also involved in natural hydrogen, carbon capture and storage, and battery mineral activities.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-29 - Annual General Meeting

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