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Buru Energy Ltd (BRU.AX)

BRU.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Buru Energy to restart production from Ungani oilfield
Thursday, 9 Mar 2017 05:36pm EST 

Buru Energy Ltd : Restart of production from Ungani oilfield . Advise that it has completed a restart plan for Ungani oilfield . Restart is subject to final joint venture and regulatory approvals and award of various necessary contracts .Planned modifications to larger tank will also help streamline storage system and reduce operating costs.  Full Article

Buru Energy updates on agreement with Alcoa of Australia
Monday, 1 Aug 2016 04:50am EDT 

Buru Energy Ltd : "Received a cash payment of $9.878 million before costs from the sale of the Yakka Munga Pastoral lease" . Reached agreement with Alcoa of Australia which provides certainty on repayment terms for outstanding sum of $25 million owed by co . Buru and Alcoa reached further agreement under which Buru may repay to Alcoa the sum of $12.5 million on or before 28 December 2016 .  Full Article

Buru Energy Ltd updates on Yakka Munga Pastoral Lease agreement
Thursday, 21 Jan 2016 12:24am EST 

Buru Energy Ltd:Provides update on the Yakka Munga Pastoral Lease.Unit entered an agreement to sell the Yakka Munga Pastoral Lease with Shanghai Zenith (Australia) Investment Holding Pty Ltd for a sum of AU$8.75 million.Transaction is expected to be completed in the first half of 2016.  Full Article

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