Buru Energy (ASX:BRU) assumes 100% equity in Canning Basin tenements - Sequoia Direct Pty Ltd

05DecDecember 5, 2019

Buru Energy (ASX:BRU) assumes 100% equity in Canning Basin tenements

Buru Energy (ASX:BRU) has assumed 100% equity in three key Canning Basin exploration permits.

The company will assume full control of the tenements in the Canning Basin in Western Australia, with Roc Oil to relinquish its half interest from the end of December.

Buru Energy Executive Chairman Eric Streitberg said together with its existing 100% and majority owned permits, Buru now controls a gross 22,000 sq kms of highly prospective contiguous acreage in the Canning Basin.

The Canning Basin is one of the least explored onshore basins in Australia with already producing conventional oil resources and large scale wet gas resources.

Shares in Buru Energy (ASX:BRU) are trading 5.9 per cent higher at 18 cents.

Copyright 2019 – Finance News Network

Source: Finance News Network

Related Posts

25JanJanuary 25, 2023

Stocks of the Hour: Sky Metals, Okapi, Anson Resources

25 Jan 2023 - A snapshot of the stocks on the move featuring Sky Metals (ASX:SKY), Okapi (ASX:OKR) and Anson Resources (ASX:ASN).

29AprApril 29, 2021

Stocks of the Hour: Novatti, Woolworths, NRW & Unibail-Rodamco-Westfield

29 Apr 2021 - A snapshot of the top stock news for the hour, featuring Novatti (ASX:NOV), Woolworths (ASX:WOW), NRW (ASX:NWH) & Unibail-Rodamco-Westfield (ASX:URW).

14DecDecember 14, 2023

Stocks of the Hour: Alkane Resources, QX Resources, Buxton Resources

14 Dec 2023 - A snapshot of the stocks on the move, featuring Alkane Resources (ASX:ALK), QX Resources Limited (ASX:QXR) and Buxton Resources (ASX:BUX).

28FebFebruary 28, 2020

MGM Wireless (ASX:MWR) see record revenue and revised guidance

28 Feb 2020 - Technology company MGM Wireless (ASX:MWR) today reported results for 1H FY20 showing revenue up 87 per cent to $7.6 million.

23OctOctober 23, 2019

Karoon Energy (ASX:KAR) launches equity raising to fund proposed Brazilian acquisition

23 Oct 2019 - Karoon Energy (ASX:KAR) is set to undertake a fully underwritten equity raising of approximately $284 million to complete the funding of the Baúna oil field acquisition and to support future growth initiatives.

23JunJune 23, 2021

Stocks of the Hour: ikeGPS Group, Wide Open Agriculture, Respiri, NeuroScientific

23 Jun 2021 - A snapshot of notable stock news for the hour, featuring ikeGPS Group, Wide Open Agriculture, Respiri & NeuroScientific Biopharmaceuticals.

28NovNovember 28, 2019

Meridian Energy (ASX:MEZ) announces new Chief Executive

28 Nov 2019 - Meridian Energy (ASX:MEZ) today announced that Jason Stein has been appointed as Chief Executive for Meridian Energy Australia and Powershop Australia.

03FebFebruary 3, 2020

Lynas Corporation (ASX:LYC) awarded Major Project Status

03 Feb 2020 - The Australian Government has awarded rare earth producer, Lynas Corporation (ASX:LYC) Major Project Status to establish its new processing plant in Kalgoorlie, Western Australia.

21AugAugust 21, 2020

Suncorp Group (ASX:SUN) NPAT up 422% YoY

21 Aug 2020 - Suncorp Group net profit after tax was up around 422% year on year to $913 million.

25MayMay 25, 2022

Could India’s export tax on iron ore pellets bode well for miners like Grange Resources (ASX:GRR)?

25 May 2022 - Three iron ore companies that have hit 52-week highs. A deep dive on the backdrop and why this could be the case, featuring TerraCom (ASX:TER), Stanmore Resources (ASX:SMR), and Grange Resources (ASX:GRR).