The Company’s principal focus is the development of gas and oil resources in the northwest of Western Australia whilst participating in the new energy economy through its subsidiary companies involved in natural hydrogen and helium exploration, carbon capture and storage, and battery minerals exploration.
The Company’s gas and oil assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia, where it owns and operates 100% of the conventional gas and condensate discovery at Rafael 1, and the conventional Ungani Oilfield project.
In addition, Buru operates a basin wide portfolio of exploration permits and licences in the Canning Basin spanning ~22,000 km2, prospective for conventional and unconventional hydrocarbon resources, carbon capture and storage and battery minerals exploration, with working interests ranging from 60% to 100%.
The Company also has significant exploration licence application areas in the Adelaide Superbasin in South Australia spanning ~30,000 km2 where it is targeting natural hydrogen and helium exploration, and is the preferred applicant for Special Prospecting Authorities with an Acreage Option in Western Australia spanning ~35,000km2 where it is targeting helium exploration