Buru Energy Ord Shs 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 Ord Shs

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Comment by InsiderAlerton Oct 22, 2010 9:20pm

273 Views

Post# 17601724

Next leg up DOWN for BRU...

Yeah Bolero isnt as close to the discovery as CIN or EMI. I would stay with the real deals. Personal preference as I dont like to get burned. Seen it too many times with fly by night companies.

BRU appears to be a flavour of the month kind of deal. I read something earlier about this.

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