MARKETS

Buru warns impairments are coming

WHILE Canning Basin operator Buru Energy was able to maintain production, it’s been a tough quarter for the company as staff and salaries were cut and it has warned non-cash impairment will likely be recorded in its half year accounts.

Mark Tilly

Production and well enhancements ongoing

Oil production for the quarter from its flagship Ungani field was on average 112,000 barrels gross, at a rate of 1,230 barrels of oil per day, compared to the March production 80,000bbl at a rate of of...

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