30/03/2020 - 13:50

Buru sandbags balance sheet, cuts corporate costs in half

30/03/2020 - 13:50

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Buru Energy’s executive chairman, Eric Streitberg, has taken a 55 per cent pay haircut and its board fees have been reduced by 40 per cent to help it ride out the current global Coronavirus financial storm. Buru’s strong balance sheet leaves it well placed to weather the storm, despite weak oil prices, with ongoing production at its Ungani oil field set to deliver further oil sales in mid-May.

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