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The latest announcement is out from Buru Energy ( (AU:BRU) ).
Buru Energy has identified a new gas prospect named Flying Fox, located beneath the existing Rafael gas and condensate field in the Canning Basin. This discovery, based on 3D seismic data, could significantly enhance the Rafael Gas Project by potentially increasing resource estimates and maintaining higher gas flow rates. The Flying Fox prospect, with prospective resources estimated between 60 Bscf and 614 Bscf of gas, could provide substantial benefits if exploration and development are successful, addressing domestic gas security concerns.
More about Buru Energy
Buru Energy Limited is an energy company operating in the onshore Canning Basin in Western Australia. The company focuses on the exploration and development of oil and gas resources, with a particular emphasis on gas projects.
Average Trading Volume: 1,747,801
Technical Sentiment Signal: Sell
Current Market Cap: A$17.93M
See more data about BRU stock on TipRanks’ Stock Analysis page.
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