MARKETS

Buru avoids Ungani shut-in despite oil price hit

BURU Energy took a hit to earnings through the oil price crash but cost reductions meant an initial plan to shut in its onshore Canning Basin Ungani oil field was later scuppered. 

Buru avoids Ungani shut-in despite oil price hit

Sales for the six month period totalled $12.6 million with  $6.3 million to Buru which holds a 50% share in Ungani across permits L20 and L21.    Full production totalled 219,00 barrels of oil sold...

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