30 May 2024agm notice● Neutral
Buru Energy shareholders approved the resolutions put to the vote at the company's 2024 Annual General Meeting.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 May 2024investor presentation● Neutral
Buru's exploration manager presented an investor briefing on the Rafael Shallow prospect at the PESA Deal Day industry event, laying out the case for the shallower target near the main Rafael gas discovery.
8 May 2024securities registry admin● Neutral
Buru Energy established an Unmarketable Parcel Share Sale Facility, letting shareholders holding under $500 of shares (fewer than 5,102 shares) sell without paying brokerage.
24 Apr 2024resource reserve update▲ GoodMajor
Interpretation of the Rafael 3D data identified a new, sizeable shallow prospect (Rafael Shallow, 18 sq km, 125m+ closure) targeting the Poole Sandstones/Grant Formation, with Best Estimate prospective resources of 19 million recoverable barrels (range 3.2-79 MMstb) - while the main Rafael partner-selection process slipped to 2025.
22 Apr 2024agm notice● Neutral
Buru wrote to shareholders giving notice of its 2024 Annual General Meeting, to be held 30 May 2024 in West Perth.
5 Apr 2024agm notice● Neutral
Buru Energy set its 2024 Annual General Meeting date (30 May 2024) and director-nomination closing date under its standard listing-rule disclosure.
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.
31 Dec 2023securities registry admin● Neutral
7.2 million BRUAR options (exercise price $0.2282) lapsed unexercised on 31 December 2023.
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 2023director interest notice● Neutral
Buru Energy director Malcolm King acquired 80,645 ordinary shares under a share placement.
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.