Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2026resource reserve update▲ GoodMajor
Buru nearly tripled Ungani's estimated remaining recoverable oil (2C Contingent Resources) to 660,000 bbls and is now assessing lower-cost restart options and offtake, after keeping the field under care and maintenance since August 2023.
Buru Energy reported $4.5M cash on hand at the end of the quarter ended 2026-06-30, having used $1.2M in operating cash flow that quarter. Against $2.6M in quarterly cash outgoings (operating costs plus exploration spend), that implied roughly 1.8 quarters of funding on hand.
Buru Energy raised further capital via a placement of 47,500,000 shares plus 23,750,000 free-attaching shares at $0.02 each.
What it means for a shareholder
47.5m new shares at A$0.020 to raise about A$950,000. That's 3.4% dilution: every existing holder's slice gets 3.4% smaller. If you held A$1,000 of shares (50,000 at the issue price), your slice goes from 0.00368% to 0.00356% of the company. To keep it you'd need 1,750 more shares - about A$35 at the issue price.
Buru Energy lodged a routine cleansing notice for a further 3,333,333 Tranche 2 shares from its April 2026 placement, approved for directors at the May 2026 AGM.
Buru Energy lodged a routine cleansing notice for a further 1,666,667 Tranche 2 shares from its April 2026 placement, approved for directors at the May 2026 AGM.
Buru Energy lodged a routine cleansing notice for 197,430,173 further Tranche 2 shares from its April 2026 placement, including director participation approved at the May 2026 AGM.
A conference presentation to the Kimberley Economic Forum by newly-appointed Chair David Maxwell on the Rafael Conventional Gas Project, reiterating previously disclosed contingent/prospective resource figures with no new operational or financial information.
The 2026 AGM Chair's address recapped 2025's cost-cutting and portfolio streamlining toward a Rafael FID, and disclosed that CEO Thomas Nador had resigned for health reasons effective 8 May 2026.
Buru held an investor webinar presented jointly by CEO Thomas Nador and Chair David Maxwell, given three weeks before Nador's announced resignation - his last public presentation as CEO in this corpus.
Buru Energy raised ~$5.3 million via a two-tranche institutional placement (issuing ~355 million new shares) to fund the next stage of the Rafael Gas Project, alongside a project optimisation the company said increased its value.
What it means for a shareholder
355m new shares at about A$0.0149 to raise about A$5.3m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (66,981 at the issue price), your slice goes from 0.00668% to 0.00493% of the company. To keep it you'd need 23,716 more shares - about A$354 at the issue price.
An administrative update to Buru Energy's September 2025 capital raise, revising the issue date and expiry date of the 207,333,333 free-attaching options included in that raise.
Buru Energy presented its Rafael Gas Project to investors, framing it as delivering compelling project economics and energy security for northwest Western Australia.
CEO Thomas Nador (in the role since 2022) resigned for health reasons, with Chair David Maxwell and fellow directors Joanne Williams and Malcolm King stepping in to cover his executive duties on an interim basis - an abrupt, unplanned leadership gap arriving just as Buru pushes toward a final investment decision on its flagship Rafael gas project.
Buru Energy reported $2.0M cash on hand at the end of the quarter ended 2026-03-31, having used $1.2M in operating cash flow that quarter. Against $2.1M in quarterly cash outgoings (operating costs plus exploration spend), that implied roughly under one quarter of funding on hand.