Buru Energy Limited (AU:BRU) has released an update.
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Buru Energy Limited announced substantial advancements in its oil exploration and production initiatives, including a partnership with Sabre Energy that has injected over $6 million into the revitalization of the Ungani Oilfield and upcoming high-impact drilling operations. The company also highlighted the identification of a new promising shallow oil prospect with estimated recoverable resources of up to 79 million barrels, alongside progressing pre-FEED work for its Rafael deep gas and condensate project to ensure enhanced capital efficiency and cost control.
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