Buru Announces Canning Superbasin Gas Estimates

Perth-based Buru Energy announced that independent assessment of its Valhalla area in the Canning Superbasin, which lies in the southwest Kimberley region, has provided encouraging results.

“This independent assessment has confirmed Buru’s view that the Valhalla area contains a regionally significant multi TCF wet gas accumulation,” the company said.

The Valhalla accumulation, within Buru’s permits in the Valhalla area, contains a mean unrisked gross recoverable volume of 15 TCF of gas and 432 million barrels of liquids (condensate and LPG). On a risked basis the mean gross recoverable volumes are 6.5 TCF of gas and 187 million barrels of hydrocarbon liquids, within the assessment area of the Buru permits.

More optimistic estimates put the recoverable gas volumes at more than 33tcf and 1 billion barrels of liquids.