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OPERATIONS

Buru relieved by firming oil price

THE rise in the oil price has allowed Buru Energy to breathe a sigh of relief as it gives the company a cash boost from its May lifting with well optimisation at its Ungani field underway.

Mark Tilly
Buru relieved by firming oil price

The May lifting of the Ungani crude from Wyndham, Western Australia was the final lifting under the previous Petro-Diamond Singapore offtake contract.  Buru said the appreciation of the Brent price...

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