Buru warns impairments are coming

WHILE Canning Basin operator Buru Energy was able to maintain production, it’s been a tough quarter for the company as staff and salaries were cut and it has warned non-cash impairment will likely be recorded in its half year accounts.

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Production and well enhancements ongoing

Oil production for the quarter from its flagship Ungani field was on average 112,000 barrels gross, at a rate of 1,230 barrels of oil per day, compared to the March production 80,000bbl at a rate of