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Buru’s Rafael project gains reserve backing as funding talks intensify

8:14am on Thursday 29th of October, 2026 AEDT • Energy
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Buru’s Rafael project gains reserve backing as funding talks intensify

8:14am on Thursday 29th of October, 2026 AEDT
Key Points
  • 15.25 MMboe of independently certified 2P Rafael reserves
  • EPA WA referral and production licence application progressed
  • Two Rafael production wells approved subject to funding
  • Ungani 2C resources increased from 220,000 to 660,000 barrels
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