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Buru Energy and Sabre ink $6 million deal for Rafael shallow drilling
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Kandungan disediakan oleh Proactive Investors. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Proactive Investors atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Buru Energy Ltd (ASX:BRU) CEO Thomas Nador sits down with Jonathan Jackson in the Proactive studio after the company entered a farm-in agreement with Sabre Energy Pty Ltd to finance the drilling of the Rafael Shallow oil target within licence EP 428 in Western Australia's onshore Canning Basin. Under the agreement, Sabre Energy will cover $6 million in drilling and testing costs, earning a 50% stake in any commercial discovery and subsequent production licence. Buru retains a 50% interest and operational control. Additionally, Sabre will pay Buru $1.5 million for prior exploration expenses if a commercial discovery is made. Buru has estimated the Rafael Shallow target to hold 3.2 million to 79 million stock tank barrels of recoverable oil, with a best estimate of 19 million barrels. Nador highlighted the strategic value and strong market interest in the Rafael Shallow prospect. The partnership aligns well with Buru’s other projects, particularly the Ungani Oilfield. Preparations for drilling, scheduled for late in the third quarter, are in advanced stages with necessary equipment and approvals in place. #ProactiveInvestors #BuruEnergy #ASX #SabreEnergy #FarmInAgreement #OilExploration #RafaelShallow #CanningBasin #WesternAustralia #OilDiscovery #OilDrilling #EnergySector #ASX #Investment #OilProduction #ExplorationDeal #UnganiOilfield #EnergyPartnership #ResourceEstimation #DrillingProgram #EnergyNews #StockMarket #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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614 episod
MP3•Laman utama episod
Manage episode 432736608 series 2891889
Kandungan disediakan oleh Proactive Investors. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Proactive Investors atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Buru Energy Ltd (ASX:BRU) CEO Thomas Nador sits down with Jonathan Jackson in the Proactive studio after the company entered a farm-in agreement with Sabre Energy Pty Ltd to finance the drilling of the Rafael Shallow oil target within licence EP 428 in Western Australia's onshore Canning Basin. Under the agreement, Sabre Energy will cover $6 million in drilling and testing costs, earning a 50% stake in any commercial discovery and subsequent production licence. Buru retains a 50% interest and operational control. Additionally, Sabre will pay Buru $1.5 million for prior exploration expenses if a commercial discovery is made. Buru has estimated the Rafael Shallow target to hold 3.2 million to 79 million stock tank barrels of recoverable oil, with a best estimate of 19 million barrels. Nador highlighted the strategic value and strong market interest in the Rafael Shallow prospect. The partnership aligns well with Buru’s other projects, particularly the Ungani Oilfield. Preparations for drilling, scheduled for late in the third quarter, are in advanced stages with necessary equipment and approvals in place. #ProactiveInvestors #BuruEnergy #ASX #SabreEnergy #FarmInAgreement #OilExploration #RafaelShallow #CanningBasin #WesternAustralia #OilDiscovery #OilDrilling #EnergySector #ASX #Investment #OilProduction #ExplorationDeal #UnganiOilfield #EnergyPartnership #ResourceEstimation #DrillingProgram #EnergyNews #StockMarket #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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614 episod
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