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Buru Energy (BRU) - Activity BRU-ing. Ungani Gets 4 Firm Wells.

Buru Energy LogoThe Buru Energy/Mitsubishi Corporation Joint Venture has been granted the Production Licences for its Ungani oil field in WA’s Kimberley region. The grant of the two production licences covering the field follows the execution of Native Title Agreements with the Nyikina Mangala, Karajarri Yanja and Yawuru people. The production licences authorise the joint venture to produce oil from the Ungani field and will remain in force indefinitely, subject to the usual conditions applying to these types of licences, including the requirement to pay a net wellhead royalty to the State.