Australia's largest stock trading and investment forum Australia's #1 stock forum

BRU

0.00%

7.9¢ buru energy limited

Ann: Trading Halt, page-121

First 121 Last

Share
Profile

Follow
lbraz4me

651 Posts.

334

29/09/24

22:42

Post #: 75895737
Share

Bit of a funny one, questions asked about Sabre's financial capacity to clean up Ungani asked in Parliament by Dr Brad Pettitt
one wonders why such a little oiler going 70% 30% with another company would make it to question time in WA parliament??

Our friends at "stop fracking the Kimberly" must have an ear of Dr Pettitt.

link to transcript here> Parliamentary Questions & Answers

Question On Notice No. 2144 asked in the Legislative Council on 20 August 2024 by Hon Dr Brad Pettitt

Question Directed to the: Leader of the House representing the Minister for Mines and Petroleum
Question Directed to: Hon D.R. Michael
Parliament: 41 Session: 1

Question

I refer to recent announcements by Buru Energy Ltd, that Sabre Energy Ltd is acquiring 70% ownership and operational control of the Ungani Oilfield production and exploration assets in Petroleum Production Licences L 20 and L 21 in the Kimberley, with “a common vision to restart production from the Ungani Oilfield as soon as practicable” (Buru Energy ASX release 17 June), and I ask:
(a) when did the Ungani Oilfield cease production of oil;
(b) which Ungani oil wells were producing oil at the time of closure;
(c) when was the last shipment of oil from Ungani to Wyndham for export;
(d) why did the oilfield cease production, and oil exports cease;
(e) given that Buru Energy has stated in its recent AGM presentation that if oil export from Ungani recommences it will be via Broome port or Derby port, not Wyndham, what environmental risk assessment and community consultation processes will apply to any proposed oil export through those ports, including risks to the high conservation value King Sound and Roebuck Bay marine environments;
(f) if the proposed restart of the Ungani oil production and export project fails, who will be legally liable for the costs of decommissioning and rehabilitation of the oilfield, including the 11 production and two injection wells, and other infrastructure, and any site contamination;
(g) given that Buru Energy's ASX announcement states that Sabre Energy has agreed to fund 50% of the first $5.6 million of any future abandonment and rehabilitation costs (ABEX) for the Ungani Production Licences, and 70% of any ABEX incurred in excess of $5.6 million, how much above $5.6 million is the total cost estimated by Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to be;
(h) does Sabre Energy have the financial capacity and proven technical capability to pay for and undertake the decommissioning and rehabilitation of the Ungani oilfield;
(i) will the Minister conduct any due diligence investigation as to Sabre Energy’s fitness, experience, financial capacity and previous record of oilfield management, prior to any approval of its takeover and reopening of Ungani;
(j) if no to (i), why not;
(k) with reference to the 2022 Appeals Convenor report (Appeal 043 of 2022) which stated, “Results of Produced Formation Water (PFW) sampled from the Ungani oilfield in November 2020 (see Section 3.2) indicate that it contains petroleum hydrocarbons (669.4 mg/L) and monocyclic aromatic hydrocarbons (benzene, toluene, ethylbenzene and xylene, known collectively as BTEX) (1.1 mg/L), at concentrations above guideline investigation levels for soil and groundwater contamination. Spills of PFW may cause soil contamination, and dependent on the size, location and duration of the spill, may also contaminate groundwater or surface water”, has any produced formation water (PFW) sampling been conducted by the Department (DEMIRS) at Ungani since 2020;
(l) if yes to (k), what were the results and where have they been published;
(m) if no to (k), why not;
(n) what volume of PFW has the Ungani Oilfield produced each year since 2020;
(o) for each of those years, referenced in (n), how has PFW from the Ungani wells been treated and disposed of;
(p) what volume of wastewater and chemicals has Buru Energy pumped down injection wells at Ungani for each of the past five years;
(q) what was the chemical composition of the wastewater pumped down the injection wells;
(r) has the Department conducted any sampling and testing to determine the fate and cumulative impact of wastewater and chemicals pumped down injection wells by Buru Energy;
(s) if no to (r), why not;
(t) will the Minister release Buru Energy’s Annual Environment Report for the Ungani Oilfield and production facility for each of the last five years; and
(u) if no to (t), why not?

BRU Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The winners & losers on market if negative gearing were gone

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

First 121 Last

Add BRU (ASX) to my watchlist

(20min delay)
Last 7.9¢		Change 0.000(0.00%)		Mkt cap ! $53.03M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	3	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	64473	2

View Market Depth

No.	Vol.	Price($)
1	3	0.080
1	19982	0.075
1	10000	0.073
1	100000	0.072
1	25000	0.071

Price($)	Vol.	No.
0.080	64473	2
0.082	182912	2
0.084	128205	1
0.087	88369	2
0.088	60000	1

Last trade - 16.12pm 27/09/2024 (20 minute delay)

BRU (ASX) Chart

Day chart unavailable

Ann: Trading Halt, page-121

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The winners & losers on market if negative gearing were gone

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACCC seeks Olam divestments before it can buy Namoi Cotton

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-121

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The winners & losers on market if negative gearing were gone

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACCC seeks Olam divestments before it can buy Namoi Cotton

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News