MARKETS

Buru doubles cash after rainy start

AT the end of this quarter Buru Energy had A$20 million in cash compared with $9.6 million for the previous quarter, with $2.4 million coming from production and $13 million from a payment from China’s Roc Oil, which farmed in for 50% of the Ungani project for a total of $64 million. 

Ungani back on track

Ungani back on track

Buru's year has not been without issue.    Historic, once-in-a-century rains flooded out its Ungani field in the remote Canning Basin onshore Western Australia for interminable weeks, but production...

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