Thomas Nador

The succession baton is being readied at Buru Energy who has appointed Beach Energy executive Thomas Nador as CEO. Founder and Executive Chairman Eric Streitberg flagged an orderly transition to the role of Non-Executive Chair. Streitberg says he is looking to focus on overseeing the monetisation of the company’s expansion opportunities.

Buru Energy CEO Thomas Nador says Origin Energy’s decision to quit upstream exploration provides clarity for Buru on its joint venture with the company – the Rafael gas discovery in WA. “We can now concentrate on getting on with it, to work closely with a possible new partner to develop and commercialise this quality project and to deliver the value we know is there,” he said.

ASX-listed producer Buru Energy has chalked up a quarter to remember, tabling its highest revenues in recent memory after banking $5.7 million from its onshore operations in WA’s Canning and Carnarvon basins. The company’s strong cash and debt-free financial position was bolstered through the sale of about 76,000 barrels of oil and fits within its strategy of optimising fluid production whilst unlocking its gas resources.

Buru Energy has stepped up its commercialisation efforts associated to its Rafael gas development in WA’s Canning Basin by signing an agreement with Transborders Energy to conduct a pre-feasibility study for an LNG plant solution. The company says the Kimberley-based facility could promote a swifter, simpler and more capital efficient mechanism to liquify and export its resources.

Buru Energy is looking to end the year on a high following a flurry of activity across its WA-based oil and gas portfolio over the past few months including a successful November crude oil lift of 73,000 barrels which added $3.8 million to its bottom line. The deal marks the company’s third and final delivery for the year for a total exported volume of roughly 220,000 barrels.

Perth-based Buru Energy has received a shot in the arm with the granting of two additional exploration permits regarded as highly prospective for petroleum in WA’s onshore Carnarvon Basin. The permits will be licensed to a joint venture of Buru and a Mineral Resources’ subsidiary, EnRes and lie south of the Pilbara coastal town of Onslow.

Buru Energy’s wholly owned, natural hydrogen-focussed subsidiary 2H Resources could soon evaluate a roughly 30,000 square kilometre ground position in South Australia after an independent assessment by RISC Advisory deemed the zone prospective for a best estimate resource of 343 million kilograms of hydrogen. The company says the site is geologically on trend with historical natural hydrogen discoveries within Adelaide’s Geosyncline.

Buru Energy is forging ahead in its bid to unlock the massive potential of its Rafael 1 well, east of Broome in WA’s Canning Basin, by taking another important step on its pathway to production. Buru has lodged a declaration of location application with the State Government – a move described as a key step towards the commercialisation and monetisation of its gas and condensate resource.

Buru Energy is pressing the pedal to the metal on its Rafael gas discovery in the Kimberley following a tick of approval on introducing a floating liquified natural gas (FLNG) facility into the processing chain. But Buru believes the value of its prefeasibility study extends wider than just a nod to the FLNG, claiming an innovative partnership could bring Rafael to reality.

Buru Energy has been buoyed by the return to operations at its Ungani oilfield, which was closed last summer as a result of the widespread devastation wreaked by Tropical Cyclone Ellie. Turning the oil tap back on means the company’s first revenue of the year from its sole producing asset will soon roll into its coffers, with its first oil shipment slotted for Q3.

Perth-based oil and gas explorer Buru Energy has taken a significant step in progressing its 2021 Rafael gas discovery towards production after being granted State Government approval for its hydrocarbon Declaration of Location application. It marks a significant milestone for the project, signposting the company’s commitment to developing its Rafael resource and providing a clean-energy solution for Western Australia’s Kimberley region.

Buru Energy has commissioned 200 square kilometres of three-dimensional seismic data over its 100 per cent-owned Rafael gas-condensate discovery in Western Australia’s Kimberley region, as the company takes aim at an appraisal drilling campaign. The survey will assist the company in de-risking reservoir factors in a bid to progress its commercial case for its potentially large-scale discovery.

The natural hydrogen exploration program run by Buru Energy ’s 100 per cent-owned hydrogen and helium business, 2H Resources, has been substantially boosted by a new research agreement with the CSIRO. Management says the resulting study will focus on developing autonomous monitoring sensors to detect real-time surface occurrences of natural hydrogen in the same way mineral explorers use geochemical sampling.

Buru Energy says commercialisation of its Rafael gas-condensate discovery in Western Australia’s Canning Basin will service the Kimberley’s power needs at reduced capital expenditure through phased development. It says the development is viable for all contingent resource volumes as it moves ahead with de-risking subsurface uncertainties and firming up volumetric estimates, with an imminent 3D seismic survey to be followed by appraisal well drilling next year.

Buru Energy is $5 million richer after selling the remaining share of its Carnarvon Basin acreage to Energy Resources and will now move towards developing its Rafael gas-condensate field in the Canning Basin. The company plans to develop its field with a two-phased approach and will supply gas to the Kimberley, in addition to blue-methane and ammonia.

Buru Energy says a surprise State Government policy update has fortified its development strategy for its 100 per cent-owned Rafael gas field in WA’s onshore Canning Basin, confirming its right to export gas. The updated “Domestic Gas Policy” confirms that fields such as Rafael, which are not connected to existing pipelines, must reserve only 15 per cent of their export volumes for the domestic market.

Buru Energy will assume full ownership of the 500-barrel per day Ungani oilfield in Western Australia’s Canning Basin from next month after JV partner Roc Oil decided to withdraw from its 50 per cent interest. Roc Oil will remain liable for its share of costs associated with both the near-term staged suspension of Ungani operations and the future decommissioning of all wells and remediation costs.

Buru Energy’s coffers are poised to swell by $4 million through the sale of a 72,500-barrel batch of Ungani oil to global giant BP. With the batch now lifted to ship, Buru is also set to assume full ownership of the Kimberley region oilfield, with joint venture partner Roc Oil to hand over its 50 per cent interest and approvals expected next month.

Buru Energy will feed appraisal drilling plans by collecting 200 square kilometres of 3D seismic data from its 100 per cent-owned Rafael gas-condensate project in the Kimberley region of Western Australia’s Canning Basin. The company says interpretation of a fast-tracked volume, also using information from some 2D lines, will be complete in the last quarter of this year.

Buru Energy has acquired some 200 square kilometres of high-resolution 3D seismic data within and around its 100 per cent-owned prodigious Rafael gas-condensate project in Western Australia’s Kimberley region. Once the data, which also includes several 2D lines in an adjoining permit, is processed and interpreted by year’s end, it will provide enhanced clarity on the subsurface structure and will drive appraisal drilling for next year.

Buru Energy has started the hunt for an ally to help develop its Rafael conventional gas and condensate resource in Western Australia’s Canning Basin after appointing Miro Capital as a key advisor for its strategic partner selection process. With the Canning Basin’s first significant gas discovery, Buru believes the scope of its project will hep create a long line of suitors for Miro to assess.

Buru Energy has moved to fast-track the phase-one small LNG plant development at its Rafael gas-condensate project in Western Australia’s Kimberley region by launching a pre-front end engineering design (FEED) study. Part of a multi-pronged strategy to monetise the asset, it is expected to be completed in the first half of next year, with the final FEED to follow soon after.

A $5 million placement has helped Buru Energy advance preparations for its mission to appraise its 100 per cent-owned wet gas and condensate Rafael discovery in Western Australia’s Canning Basin after the end of the Kimberley wet season mid-next year. It has now ordered long-lead items, advanced detailed well design and discussions with potential rig providers and has 3D seismic data processing on schedule.

Buru Energy’s wholly-owned hydrogen-chasing business 2H Resources has picked up hydrogen and helium-prospective ground in South Australia – right next to the nation’s first discovery well for the natural gas. The company is now the preferred applicant for seven petroleum and two gas exploration licences in SA, with its WA helium and hydrogen hunt expanding into six new “special prospecting authorities with an acreage option”.

An independent carbon capture and storage study on Buru Energy’s Canning Basin blocks has strengthened the “commercialisation pathway” for it to develop its Rafael conventional gas and condensate discovery. Buru’s subsidiary GeoVault recently found the blocks to be capable of holding significantly more carbon dioxide than Rafael is modelled to produce, supporting the company’s development strategy for the field.

The first look at Buru Energy’s Rafael well three-dimensional (3D) seismic cube shows data quality improvement and confirms the structure as a significant gas and condensate resource – with step-out prospectivity. Management says it can already see the reservoir and top-seal intervals in a structure similar to that mapped on historic two-dimensional data. The final volume is due by the end of February.

Buru Energy rounded out the past financial quarter with no debt and $18.4 million in the till as it prepares to drill an appraisal well at its 100 per cent-owned Rafael gas field in WA’s Canning Basin. The company is eyeing a final investment decision in the second half of next year and first gas production in the last half of 2027.

Buru Energy rounded out the past financial quarter with no debt and $18.4 million in the till as it prepares to drill an appraisal well at its 100 per cent-owned Rafael gas field in WA’s Canning Basin. The company is eyeing a final investment decision in the second half of next year and first gas production in the last half of 2027.

Buru Energy’s interpretation of 3D seismic data from its wholly-owned conventional Rafael condensate-rich wet gas discovery has thrown up a new shallow resource in its exploration permit in the Canning Basin. The new target zone, which it has designated Rafael Shallow, consists of two clastic reservoirs sitting at less than 1200m depth, with one stacked about 130m to 170m above the other.

Buru Energy’s Ungani oilfield is set for a new lease on life following the company’s significant farm-in agreement with Sabre Energy that is designed to spearhead a production restart and continued exploration at the site in Western Australia’s Canning Basin. Sabre will earn a 70 per cent interest in the Ungani oilfield and control of the operations for a $6 million outlay.

Buru Energy has significantly increased the contingent resource estimate for its Rafael discovery in Western Australia’s onshore Canning Basin, with a 3D seismic survey boosting the company’s projected gas and condensate volumes. Key findings have revealed that the gross recoverable 1C volumes have risen to 85 billion cubic feet of gas and 1.8 million barrels of condensate, enhancing management’s hopes of pursuing an LNG development.

Sabre Energy has agreed to stump up $6 million in drilling and testing costs at Buru Energy’s Rafael Shallow oil well in Western Australia’s onshore Canning Basin to earn 50 per cent of any commercial discovery and production. If the drilling leads to a commercial discovery, Sabre will also compensate Buru for its prior Rafael exploration expenses with a further payment of $1.5 million.

Buru Energy has locked in a local drilling company to drill two oil wells in Western Australia’s onshore Canning Basin that form the centrepiece of the company’s farm-in joint venture with Sabre Energy. The campaign is set to test the promising Rafael Shallow and Mars exploration wells and binding drill rig hire agreements are to be executed shortly to enable drilling to kick off in September-October.

Buru Energy and Sabre Energy have kicked off oil well pad construction at their Rafael Shallow 1 joint venture in Western Australia’s Canning Basin. The launch of the civil works for the project, which will be completed ahead of well spudding in late September, follows the receipt of heritage and environmental approvals and Sabre’s recent $6 million commitment to drilling and testing costs.

Buru Energy’s hunt for onshore oil in Western Australia’s mighty Canning Basin has moved up a gear with the spudding of the Rafael Shallow 1 exploration well. The drilling is targeting the Rafael Shallow oil prospect where a prospective resource of between 3.2 million stock tank barrels (MMstb) of oil and 79 MMstb has already been identified, including a best estimate of 19 MMstb.

Buru Energy has rolled out a bold plan to focus attention and capital on its flagship Rafael gas and liquids project in WA's Canning Basin, set to begin production in 2027. To ensure Rafael’s success as a future cash cow, the company has kicked off a $3 million cost-cutting program and the sell-down of non-core assets, directing capital where it matters most.

Buru Energy is putting an updated game plan into play to focus on its flagship Rafael gas project in Western Australia’s Canning Basin. It has wasted no time selling off non-core assets by inking a deal to offload its 50 per cent stake in the Barbwire Terrace base metal project to joint venture partner Sipa Resources in exchange for a royalty over future production.

Shares in Buru Energy soared as much as 36 per cent on the open to 4.9 cents after the company inked a game-changing deal with a private LNG processing and supply firm to fund and build an LNG plant at its Rafael-1 gas discovery in WA’s Canning Basin. The deal could see Buru transition from explorer to producer with saleable gas potentially flowing from Rafael by the second half of 2027.