Buru Energy Limited (AU:BRU) has released an update.
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Buru Energy Limited is advancing its Rafael Project, aiming to establish long-term cash flows by partnering in gas and liquids offtake agreements set for early 2025. Enhanced subsurface imaging has bolstered confidence in the project’s resources, and preparations for on-ground activities in 2025 are underway to boost well productivity. Additionally, Buru is divesting non-core areas and subsidiaries to focus on prime assets in the Canning Basin.
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