Buru Energy Optimistic on Rafael Project Prospects

Buru Energy Limited (AU:BRU) has released an update.

Buru Energy Limited has announced a positive volumetric assessment of the Rafael gas and condensate accumulation, which bolsters confidence in the viability of its Phase 1 project aimed at providing competitive energy for the Kimberley region in Western Australia. The updated contingent resource estimates show an increase in recoverable volumes, ensuring support for the planned development. Additionally, the company has identified new prospects in the region that could lead to further exploration and staged developments, solidifying Buru’s exploration portfolio.

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