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Buru Energy ( (AU:BRU) ) just unveiled an announcement.
Buru Energy Limited has received a two-year extension from the Western Australian Government to apply for a Production Licence over the Rafael gas and condensate field in the Canning Basin. This extension provides Buru with additional time to complete essential technical and commercial work, ensuring the successful development of the Rafael Gas Project, which is expected to benefit stakeholders.
More about Buru Energy
Buru Energy Limited is a company operating in the energy sector, focusing on the exploration and development of oil and gas resources. The company is particularly involved in projects within the Canning Basin, and collaborates with partners such as Clean Energy Fuels Australia to advance its initiatives.
YTD Price Performance: -35.00%
Average Trading Volume: 788,740
Technical Sentiment Signal: Sell
Current Market Cap: A$20.26M
For a thorough assessment of BRU stock, go to TipRanks’ Stock Analysis page.