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.
A registry 'First 20 Investors' report for Buru's BRUOA options showed William Richmond as the largest holder (41.7M, 20.1%) and long-time cornerstone shareholder Chemco Pty Ltd still holding 10M (4.8%).
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 issued a prospectus offering up to 207,333,333 options (struck at $0.022, three-year term) to placement participants, joint lead managers and participating directors.
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.
Buru Energy director Joanne Williams acquired 2,833,333 listed options struck at $0.022 under a share placement - the first director's interest notice on record for her.
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.