Buru Energy is engaged in oil and gas exploration and production in the Canning Basin, in the northwest of Western Australia. Co.'s reportable operating segments are: oil, which primarily includes development and production of the Ungani conventional oilfield; gas, which focuses on exploration and appraisal of gas in the Valhalla/Asgard and Yulleroo areas; exploration, with exploration program focused on prospects along the Ungani oil trend and evaluation of the other areas in Co.'s portfolio; and pastoral lease, which includes the transactions and balances relating to the Yakka Munga Station Pastoral Lease and the cattle on that station.
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