Oil Production

Buru Energy has a 50% operating interest in the conventional Ungani Oilfield (production licences L20 and L21) with current production of approximately 1,200bopd. The field is profitable at oil prices greater than US$30 per barrel.

The field is located approximately 90 kilometres east of Broome and currently includes five production wells and associated production facilities. The produced oil is trucked to the Port of Wyndham where it is stored in an 80,000 barrel tank prior to shipment to SE Asian customers.

The Company also holds 100% of a number of legacy fields on the Lennard Shelf in the north of the Basin including the Blina Oilfield where operations to determine the potential for a secondary recovery project are currently underway.