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Highlights
- Buru Energy shifts focus to Rafael Gas Project
- Koloma acquires Buru’s hydrogen and helium assets
- Strategic move to build Kimberley gas hub
Buru Energy (ASX:BRU) has announced a significant strategic move with the divestment of its subsidiary 2H Resources and a bundle of non-core exploration tenements in Western Australia’s Canning Basin to Koloma Australia. The deal, valued up to $2 million, underscores Buru’s transition to sharpening its focus on the Rafael Gas Project and establishing a long-term energy business in the Kimberley region.
While Buru Energy does not form part of the ASX 200 share price index currently, its latest move positions the company for more concentrated development in conventional gas resources — a sector gaining traction amid global energy realignments.
A Strategic Realignment
This transaction sees Koloma, an emerging leader in natural hydrogen exploration, acquire full ownership of 2H Resources, including exploration licences across South Australia, Tasmania, and Western Australia. In addition, specific Canning Basin blocks previously set aside by Buru are part of the transfer.
The deal is structured with an upfront payment and potential follow-on payments tied to the progress of key licence applications in South Australia. Buru has also retained a unique option that enables potential re-entry into any future hydrogen discoveries made by 2H Resources, offering flexibility for future resource monetisation.
Renewed Focus on Rafael Gas Project
This development marks the latest in Buru Energy’s broader streamlining initiative. The company is actively aligning its resources and capital towards the Rafael gas and condensate discovery — the only known conventional gas find in the Kimberley region. This project is central to Buru’s ambition to establish a regionally anchored gas business capable of delivering steady, long-term cash flow.
Earlier efforts, including exiting the Barbwire Terrace base metals project, reflect a clear trend toward consolidation around high-impact gas assets. The divestment of 2H Resources follows various technical and strategic advancements, indicating that further commercial development of hydrogen would require substantial capital, better aligned with Koloma’s global hydrogen strategy.
Koloma Expands in Australia
For Koloma Australia, the acquisition signifies its entry into the Australian exploration scene. With strong international backing and scientific expertise, Koloma aims to expand its footprint through targeted exploration and drilling campaigns, in line with the global transition to low-carbon energy solutions.
As the regulatory processes move toward completion later this year, both companies are charting distinct but strategically sound paths — one focusing on conventional gas development and the other on pioneering natural hydrogen exploration across Australia.
