Australia's Buru Energy falls on flagging hit to WA facility oil output
10/01/2023 24:48
** Shares of Buru Energy Ltd BRU.AX slide as much as 6.1%
to A$0.093, eyeing their biggest intra-day percentage fall since
Dec. 12
** Oil and gas producer provides updates regarding impact of
ex-tropical cyclone Ellie on its Ungani oil production and
operations in Western Australia urn:newsml:reuters.com:*:nFWN33U49N
** On Jan. 5, co said operations at its Ungani oil
production facility were suspended due to the impact of cyclone
urn:newsml:reuters.com:*:nFWN33P171
** Co says impact of the weather on roads and regional
infrastructure has resulted in the oil transportation road route
to the export facility at Wyndham Port being cut off
** Says there is also "reported widespread damage to roads
and infrastructure at Wyndham Port, most notably structural
damage to the bridge at Fitzroy Crossing"
** Says full restoration of infrastructure to meet heavy
traffic requirements will take some months and as it is primary
economic transportation route to market, co expects oil
production to be impacted accordingly
** BRU dropped 58.7% in 2022
(Reporting by Riya Sharma in Bengaluru)
((Riya.Sharma@thomsonreuters.com;))