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Buru Energy ( (AU:BRU) ) has shared an announcement.
Buru Energy Limited has revised the development timeline for its Rafael Gas Project to reduce risks and increase reserve potential. The company plans to drill and test the Rafael B well in 2026, followed by the recompletion of Rafael 1, with the first production expected by late 2027. This strategic adjustment aims to optimize resource appraisal and ensure robust investment decisions, potentially enhancing shareholder returns and establishing a significant regional gas supply.
More about Buru Energy
Buru Energy Limited is an energy company focused on the exploration and development of oil and gas resources. The company operates primarily in the onshore Canning Basin in Western Australia, with a key focus on developing the Rafael Gas Project, a conventional gas and condensate resource. Buru aims to replace imported gas and diesel in the region with locally sourced gas, thereby building a regional gas business.
Average Trading Volume: 902,743
Technical Sentiment Signal: Sell
Current Market Cap: A$17.15M
See more data about BRU stock on TipRanks’ Stock Analysis page.