Buru Energy has undertaken a comprehensive business review and implemented immediate measures to re-set the Company’s focus and capital to the development of its Rafael Project.
- The review has resulted in a targeted headcount reduction of 40%, a reduction of Director fees, the forfeiting of the CEO’s 2024 Short-Term Incentives, and other measures to deliver a $3 million reduction in annual expenditure. GOOD
- Buru Energy is deferring all non-core Canning Basin exploration activities and over time will rationalise its acreage position in the basin. GOOD
- Buru Energy plans to monetise its 2H Resources and Battmin subsidiary companies and has restricted expenditure of its GeoVault subsidiary to the support of the Rafael Project. GOOD
- Assessment of alternative sales routes for Ungani crude oil continues to enable production resumption and provide near term cashflow. GOOD
- Buru Energy is competitively positioned to establish a compelling foundation Kimberley gas business to generate long term cashflow which will underpin the Company’s right to grow. GOOD
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $17.14M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $188.8K | 8.576M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50421 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 10907425 | 8 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| BRU (ASX) Chart |