Past year: ▼ 28%(1.20c – 2.40c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2024quarterly cashflow report● Neutral
Buru Energy reported $14.8M cash on hand at the end of the quarter ended 2024-03-31, having used $3.0M in operating cash flow that quarter. Against $3.5M in quarterly cash outgoings (operating costs plus exploration spend), that implied roughly 4.2 quarters of funding on hand.
22 Mar 2024drilling progress report▲ GoodMajor
Rafael 3D seismic fast-track processing confirmed a major data-quality uplift over 2013-vintage 2D data and revealed new backfill/play prospectivity, as Buru received $3.4M from Roc Oil to release it from future Ungani decommissioning liabilities and withdrew from the non-core, low-prospectivity EP458 permit.
31 Dec 2023other● Neutral
Buru published its 2023 Sustainability Report.
31 Dec 2023remuneration report● Neutral
Buru Energy's FY2023 remuneration report disclosed pay for a board of 4 non-executive directors - Robert Willes, Joanne Williams, Malcolm King and former Executive Chairman Eric Streitberg (now a NED) - plus Chief Executive Officer Thomas Nador, his first full year in the role, leading all pay at $755,619.
31 Dec 2023other● Neutral
Buru Energy published its Corporate Governance Statement for the year ended 31 December 2023.
31 Dec 2023quarterly cashflow report● Neutral
Buru Energy reported $18.4M cash on hand at the end of the quarter ended 2023-12-31, having generated $1.1M in operating cash flow that quarter.
19 Dec 2023other▲ GoodMajor
Fast-tracked processing of Rafael's new 3D seismic survey shows a material data-quality improvement over the old 2D data, reconfirming Rafael's resource potential and revealing new prospectivity outside the main structure; several parties are in due diligence for an appraisal/development partnership.
13 Dec 2023appendix 2a quotation● Neutral
Buru Energy listed for quotation 31,993,297 new ordinary shares, taking total shares on issue from 639,351,785 to 671,345,082.
13 Dec 2023cleansing notice● Neutral
Buru Energy lodged a routine cleansing notice confirming 32 million new shares issued under its Share Purchase Plan at $0.115 (raising ~$3.7 million) complied with disclosure rules and can trade freely.
12 Dec 2023capital raising announcement▲ GoodMajor
Buru's Share Purchase Plan closed significantly oversubscribed, raising $3.7 million (well above its $2 million target) which the board chose to accept in full - taking the combined placement-plus-SPP raise to about $8.7 million to fund the 2024 Rafael appraisal drilling program and commercialisation work.
4 Dec 2023capital raising announcement● Neutral
Buru reminded eligible shareholders of the closing date for its Share Purchase Plan, a routine administrative notice.
29 Nov 2023investor presentation● Neutral
CEO Thomas Nador hosted an investor webinar.
27 Nov 2023resource reserve update▲ Good
Geovault's RISC-validated CO2 storage assessment found the Canning Basin's storage capacity comfortably exceeds the emissions expected from a larger-scale Rafael hub development, strengthening the case for a CCS-enabled Rafael expansion.
23 Nov 2023investor presentation● Neutral
Buru announced an investor webinar in which CEO Thomas Nador would update investors on progress at the Rafael gas discovery and the company's 2H Resources and Geovault energy-transition ventures, and discuss the Share Purchase Plan then open to shareholders.
21 Nov 2023resource reserve update● Neutral
Buru clarified a media report on Rafael's resource size by pointing to its own official April 2022 ERCE assessment: Net Contingent Resources of 1.2/5.0/18.4 MMstb oil and condensate and 58/245/921 Bscf gas at 1C/2C/3C, based on Buru's 100% (EP428) and 60% (EP457) working interests.
21 Nov 2023regulatory community update▲ Good
Buru's wholly-owned natural hydrogen/helium unit, 2H Resources, said nearby South Australian exploration successes had boosted confidence in its own six-licence application portfolio there (plus a newly-awarded seventh area, PELA 763, covering 5,800 sq km), and reported it had also won six Special Prospecting Authority applications for helium-prospective ground near the Perth Basin and WA Goldfields.
20 Nov 2023capital raising announcement● Neutral
Buru opened its Share Purchase Plan, letting eligible shareholders buy up to $30,000 of new shares each at 11.5 cents - the same price as the recent institutional placement - targeting a further $2 million.
20 Nov 2023cleansing notice● Neutral
Buru Energy lodged a routine cleansing notice confirming its 14 November 2023 placement of 43,308,700 new shares at $0.115 (raising ~$5 million) complied with disclosure rules and can trade freely.
15 Nov 2023drilling scheduled▲ GoodMajor
With a $5 million share placement and SPP just completed for balance-sheet strength, Buru ordered long-lead casing, wellheads, and accessories to keep the Rafael appraisal well and a Rafael 1 recompletion/test on schedule for the second half of 2024.
14 Nov 2023investor presentation● Neutral
Buru issued an investor presentation, most likely to support its 14 November 2023 $5 million placement and Share Purchase Plan for Rafael appraisal funding.
14 Nov 2023appendix 3b new issue● Neutral
Buru lodged a combined issue notice for its November 2023 Share Purchase Plan (up to 17,391,304 shares) and placement (43,308,700 shares).
14 Nov 2023appendix 2a quotation● Neutral
Buru Energy listed for quotation 43,308,700 new ordinary shares, taking total shares on issue from 596,043,085 to 639,351,785.
14 Nov 2023capital raising announcement● NeutralMajor
Buru raised $5 million through a share placement at 11.5 cents a share and launched a follow-on Share Purchase Plan for existing shareholders at the same price, earmarked for long-lead items in the planned 2024 Rafael gas appraisal drilling program - a notably smaller raise than Buru's 2021-2022 rounds, reflecting a more incremental, cash-conscious funding approach as Rafael appraisal work continued.
10 Nov 2023trading halt request● Neutral
Buru Energy requested a trading halt pending a capital-raising announcement.
1 Nov 2023price query● Neutral
Buru Energy responded to an ASX price query, saying it wasn't aware of any undisclosed information explaining the recent trading.
9 Oct 2023resource reserve update▲ Good
Buru awarded GHD the pre-FEED engineering study for Rafael's Phase 1 development (a small, scalable hybrid gas-to-power project with 50% renewable supply), targeting FEED entry in the second half of 2024.
5 Oct 2023other● Neutral
Buru appointed Miro Capital as advisor to run a strategic partner-selection process for the Rafael discovery and its other Canning Basin interests.
3 Oct 2023drilling progress report▲ Good
The ~200 sq km Rafael 3D seismic survey was completed safely, on time and on budget, with Origin's earlier-agreed $4M contribution minimising Buru's cost exposure; fast-track interpretation was due in Q4 2023.
30 Sept 2023quarterly cashflow report▼ Bad
Buru Energy reported $9.5M cash on hand at the end of the quarter ended 2023-09-30, having used $3.8M in operating cash flow that quarter. Against $6.8M in quarterly cash outgoings (operating costs plus exploration spend), that implied roughly 1.4 quarters of funding on hand.
21 Sept 2023investor presentation● Neutral
CEO Thomas Nador presented Buru's 'responsible energy transition' story at the Kimberley Economic Forum.
