Buru Energy Ltd V.BRU.H

Primary Symbol: BRNGF

Energy Oil & Gas E&P

Buru Energy Limited is an Australia-based diversified energy company focused on exploration and production of hydrocarbon and non-hydrocarbon energy resources in Australia. The Company’s petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia. In the Kimberley, it owns and operates 100% of the conventional Ungani Oilfield project and the conventional gas condensate discovery at Rafael 1. The Ungani Oilfield is located approximately 90 kilometers east of Broome and includes six production wells and associated production facilities. It also operates a Canning Basin wide portfolio of exploration permits and licenses for prospective conventional and unconventional resources with working interests ranging from 60% to 100%. It owns over 22,500 square kilometers (km2) of permits, including 100% of EP 129, EP 391, EP428, EP431 and EP 436, and 60% of the EP 457 and EP 458 permits it shares with Rey Resources Ltd.

OTCPK:BRNGF - Post by User

Buru Energy Ltd

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Post by ozGoldbullon Nov 07, 2010 9:05pm

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Post# 17671409

Wicheeda

Spectrum , CIN, EMI all have good ground. If you like those companies for their Wicheeda holdings then you must like Bolero. Bolero is the largest land holder and has already discovered high soil anomalies and has multiple drill targets. Spectrum and CIN have had the advantage of historic work by Teck. From what I understand of Carbonatites there should be more than one in this camp if so BRU having the largest area to explore has the most potential. BRU might be a year behind their development but certainly has tonnes of upside if not more with Red Chris south. GLTA to all.

OGB

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