The onshore Canning Superbasin where Buru Energy’s permits are situated lies in the south west Kimberley region of Western Australia some 2,300 kms north of Perth. The area is low relief and dominated by the Kimberley rangelands with large cattle grazing properties occupying most of the area.
The Canning Superbasin is the largest sedimentary basin in Western Australia and covers an area of some 530,000 sq kms. It is one of the few remaining areas in onshore Australia that is under explored for petroleum and it has geological similarities with highly productive Palaeozoic aged basins worldwide.
Buru Energy’s portfolio of production and exploration projects includes, amongst a number of other high value opportunities, a significant conventional oil discovery at the Ungani oil field and the tight wet gas resources of the Laurel Formation, where a potentially world scale gas and hydrocarbon liquids resource have been identified.