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An update from Buru Energy Limited ( (AU:BRU) ) is now available.
Buru Energy Limited has made significant progress in the development of its Rafael Project, with plans to finalize commercial agreements by the first quarter of 2025. The project is expected to generate substantial cash flow by 2027, positioning the company as a key energy supplier in the Kimberley region. Additionally, Buru is streamlining its operations to focus resources on the Rafael Project, which includes divesting subsidiary assets and reducing annual expenditures by up to $3 million.
More about Buru Energy Limited
Buru Energy Limited is a company in the energy industry focused on the development of gas and liquids resources, particularly in the Kimberley region of Western Australia. Their main project, the Rafael Project, aims to provide a cost-competitive and secure source of energy by replacing imported fuels with locally sourced liquefied natural gas and liquids.
YTD Price Performance: 17.39%
Average Trading Volume: 40,251
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.78M
See more data about BRU stock on TipRanks’ Stock Analysis page.
