Buru Energy (ASX:BRU) said that final flow testing from the Rafael 1 well at the Rafael gas project in Western Australia is planned for the third quarter, according to a Wednesday Australian bourse filing.
The firm is targeting a final investment decision in the current year and the first production in the second half of 2027, the filing said.
It is partnered with Clean Energy Fuels Australia which will finance, build, own, and operate the LNG plant, and it is working with it on gas and condensate sales agreements. It plans to sign binding agreements in the fourth quarter.
Its shares rose 3% in recent trading on Wednesday.
Price (AUD): $0.04, Change: $+0.0010, Percent Change: +2.56%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。