Buru Energy Limited is an ASX listed Australian oil and gas exploration and production company solely focused on exploring and developing the petroleum resources of the Canning Basin, in the southwest Kimberley region of Western Australia.
Buru Energy was founded in 2008 and is headquartered in Perth, with a regional office in Broome. Buru Energy holds interests in an extensive portfolio of petroleum exploration permits covering approximately gross 22,000 square km, net 13,074 sq km in the Canning Basin. Buru Energy is the largest acreage holder in the Canning Basin and is operator of all of its exploration permits.
Buru Energy is actively exploring the Canning Basin for oil and gas, with a current key focus on the accelerated development of the Ungani Oilfield and the exploration of its world class oil prospect portfolio.
In May 2018 Roc Oil Limited purchased a 50% interest in the Ungani Oilfield for a total cash payment of $64 million and agreed to farm in for a 50% interest in exploration permits EP 391, EP 428 and EP 436 by paying $20 million of a $25 million exploration program of up to four wells.
Buru Energy is committed to delivering value to its shareholders, Traditional Owners, the community and our employees through responsible, safe, innovative and cost effective exploration, development and production of our assets.
Buru Energy respects the Traditional Owners in the areas in which we operate, their culture, law and leadership. We strive to demonstrate respect for all stakeholders across our business and consider that the way we conduct our business is as important as the goals we achieve.
Current Issued Capital
|Fully paid ordinary shares||432,071,333|
|Options (unlisted – Staff)||4,500,000 (Exp – 31 Dec 2019)|