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EXPLORATION

Buru and MinRes score Carnarvon Basin exploration block

CANNING Basin oil producer Buru Energy is expanding its footprint, after accepting an offer for the award of the bid block L20-1 in the onshore Carnarvon Basin, sending its share price soaring over 15%.

Mark Tilly
Buru and MinRes score Carnarvon Basin exploration block

The award was given to the 50-50 joint venture between operator Buru and Mineral Resources' energy arm, Energy Resources, after they put in a bid for the block in October last year.  Buru said the block...

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