Buru Energy has announced that following extensive consultation and negotiations between Buru and representatives of the Nyikina Mangala and Karajarri Traditional Owners, Buru and the Nyikina Mangala and Karajarri Traditional Owner
s have reached an agreement which provides a process by which Buru and the relevant Traditional Owners may engage, in relation to Buru’s activities in the Canning Basin, and in relation to the recommencement of Buru’s exploration program, on certain terms.
As a result of this Agreement, field activity in the Ungani area is planned to recommence shortly. The seismic crew will be remobilised to complete the 240 sq km Ungani 3D seismic survey as soon as it has completed its current job which is expected to occur in mid July. Following the Ungani 3D acquisition program, a 670 km 2D seismic program is planned along trend from Ungani (subject to receipt of required approvals), to delineate additional drilling targets analogous to the Ungani Oilfield. These prospects will be evaluated during the extensive drilling campaign scheduled to commence later this year.