19 Buru Energy (BRU) BURU and its partner Mitsubishi hold the vast majority of prospective ground in Western Australia's Canning Basin. Ramp-up of production from the Ungani oilfield next year will provide supporting cashflow for testing of unconventional gas targets at Yulleroo and further oil exploration on the Ungani trend.
20 Fitzroy River Corp (FZR) FITZROY River holds a 2 per cent well head royalty interest over oil and gas production from the heart of the Canning Basin, including the promising Ungani oil trend. StockAnalysis calls it a lower-risk way to gain access to the unfolding Canning Basin story, because Fitzroy has no capital to spend, but takes 2 per cent off the top of everything that Buru and Mitsubishi produce within the royalty permits.
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