22/03/2022 - 16:48

Initial testing points to major WA gas for Buru

22/03/2022 - 16:48


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Perth-based oil and gas outfit Buru Energy says an initial review of its Rafael 1 flow testing program has confirmed positive results scored in the field. The company says an ongoing data review suggests the area could hold significant gas accumulation housed in conventional reservoirs with “very valuable light oil and low CO2 content”. The company’s share price rose more than 36 per cent on the back of the news in intraday trading.

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