(NewsDirect)
Buru Energy Ltd(ASX:BRU, OTC:BRNGF) CEO Thomas Nador tells Proactive the company hasprogressed the development of its Rafael gas condensate resource inthe Canning Basin of Western Australia, awarding a pre-Front EndEngineering Design (FEED) study to global professional servicescompany GHD Pty Ltd. GHD will deliver concept select level engineeringfor the first phase of the Rafael development, enabling theproject’s progression to FEED in the second half of 2024. Within thelast week, Buru has completed the Rafael 3D seismic survey acquisitionprogram on time and on budget. Data from the survey will serve todelineate the Rafael resource structure more precisely and guide theappraisal drilling program planned for 2024.
Nador said: “We are very pleased to be partnering with GHD onthis critical scope of work to progress the Rafael phase onedevelopment. The work over the next several months will enable Buru todefine the phase one Rafael development to a level of maturity thatwill enable it to proceed to FEED next year for this potentiallytransformative energy project in the Kimberley. We are demonstratingthat Buru is delivering on its plans to generate benefits to itsshareholders, Traditional Owners, the government and Kimberleycommunities.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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