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Buru Energy Ltd (BRU.AX)

BRU.AX on Australia Stock Exchange

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27 Sep 2016
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Latest Key Developments (Source: Significant Developments)

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

Buru Energy announces acquisition of 50 pct. interest in EP 487
Friday, 2 Jan 2015 12:00am EST 

Buru Energy:Says that the agreement with Backreef Oil Pty Limited for the acquisition of a 50 pct. interest in EP 487 came to an end on Dec. 31, 2014.The parties originally executed the agreement on Sep. 25, 2012 with a requirement that the transfer proceed by Dec. 31, 2013, a date which was subsequently extended to Dec. 31, 2014.The transfer of the 50 pct. interest in EP487 has still not occurred and the parties have not agreed to further extend the date for transfer, therefore the agreement has now come to an end.  Full Article

Buru Energy Limited announces completion of Jackaroo 3D Seismic Survey
Sunday, 30 Nov 2014 08:00pm EST 

Buru Energy Limited:advises acquisition of the Jackaroo 3D seismic survey was completed on Nov. 10, 2014.Acquisition of the survey commenced on Oct. 20, 2014 after completion of line preparation operations.The survey is located between the existing Yulleroo and Ungani 3D seismic grids and will join the two grids to give seamless 3D coverage from Yulleroo to Ungani.  Full Article

Buru Energy Limited issues shares
Wednesday, 22 Oct 2014 12:00am EDT 

Buru Energy Limited:Issues 3,986,550 fully paid ordinary shares at A$0.75 per share.  Full Article