Australia's Buru Energy gains; co starts drilling at Canning basin oil target
09/10/2024 05:26
** Shares of Buru Energy BRU.AX rise as much as 10.8% to
A$0.072, set for their best session since early Aug, if current
gains hold
** The energy firm starts drilling of oil target at Rafael
shallow in the Canning basin, Western Australia
** Says shallow is a significant conventional onshore gas
and condensate resource
** Stock hits highest since Oct 1
** More than 1.7 mln shares change hands vs the 30-day avg
volume of about 677,903 shares
** Buru stock down 34.6% YTD, including current session's
moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))