MARKETS

Buru snaps cash for Canning Basin

PERTH-BASED oil and gas producer Buru Energy has sold its 25% non-operated working interest in exploration licences in the Carnarvon Basin to its joint venture Mineral Resources (75% and operator) for quick cash of A$5 million.

Yiying Li

Buru and MinRes applied for Area L20-1 as part of the 2020 state government's annual petroleum acreage release. In January the venture was advised they were successful. Together, they also held EP510. ...

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