BURU Energy will focus on both wildcat conventional exploration as well as drilling further wells at its Ungani oil field over the next 12 months, following a regional review of the Canning Basin which identified a number of additional plays it plans to include in its 2019 activities.
The company intends to commence its drilling program in April or May, and is well financed to do it with A$64 million cash in hand and its debt to Alcoa reduced to just $4.5m. Oil production...
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