What is the significance of Flying Fox for the existing Rafael project?

It may offer additional resources and prolong production, building directly on the existing development pathway.

How will Flying Fox be tested?

A deeper drilling step beneath Rafael B offers a straightforward and efficient way to appraise the structure.

Does Buru Energy belong to the ASX 200 index?

No—while this story references ASX 200 stocks to provide context, Buru Energy itself is not included in that benchmark.

ASX 200 View: Buru Energy (ASX:BRU) Eyes Deeper Gas Potential Beneath Rafael

3 min read | August 14, 2025 02:51 PM AEST | By Team Kalkine Media

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ASX 200 View: Buru Energy (ASX:BRU) Eyes Deeper Gas Potential Beneath Rafael — Image source: Shutterstock

A Deeper Look Under Rafael

By examining the Rafael 3D seismic survey, geoscientists have pinpointed a deeper gas target within exploration permits EP 428 and EP 457. The prospect sits significantly lower than the known reservoir layers, suggesting it may uncover new reserves beyond Rafael's existing footprint.

The team believes this structure could be accessed by drilling straight down from the planned Rafael B location—adding just a few hundred metres to the current drilling plan. The deeper formations of interest include the Nullara and Pillara carbonates, sealed by May River shales, presenting an efficient way to test this play.

Strategic Upside for the Rafael Project

This deeper target could substantially augment the base development scheme for Rafael by potentially adding gas and condensate volumes to the project’s resource inventory. It may also support sustaining strong production rates over a longer timeline, enhancing the project’s overall appeal for development and supply planning.

Project Timeline in Focus

Rafael itself, discovered a few years ago, stands as the only proven conventional gas and condensate accumulation in the Kimberley region. With the Rafael B well approved as the next step, activities are expected to move forward in the coming months into next year. Should Flying Fox prove successful, it could seamlessly slot into the development timeline—possibly extending production life or boosting supply forecasts.

The Rafael LNG Project, being pursued with a local partner, aims to deliver lower-emission, domestically produced energy—replacing trucked-in sources and supporting regional energy transitions, particularly toward the year 2028.

What It Means Moving Forward

The introduction of the Flying Fox target beneath Rafael signals a direct upside to Buru’s development strategy for its key gas asset in the Canning Basin. It's a move that may elevate resource horizons and provide operational flexibility—all while building on the foundation set by Rafael’s proven potential.

Frequently Asked Questions

What is the significance of Flying Fox for the existing Rafael project?
It may offer additional resources and prolong production, building directly on the existing development pathway.
How will Flying Fox be tested?
A deeper drilling step beneath Rafael B offers a straightforward and efficient way to appraise the structure.
Does Buru Energy belong to the ASX 200 index?
No—while this story references ASX 200 stocks to provide context, Buru Energy itself is not included in that benchmark.

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