Buru Energy on Track for Canning Basin Projects

PERTH, AUSTRALIA--August 14, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Buru Energy Limited (ASX:BRU) (Perth, Australia) looks set to continue its plans in the Canning Super-Basin, after it secured almost $90 million (AUD$100 million) in funding to support development of its Ungani oilfield. The funding comes from joint venture partner Mitsubishi Corporation (Tokyo, Japan) and long-term supporter Alcoa of Australia Limited (Melbourne, Australia), along with a loan facility from the National Australia Bank.

Other companies featured: Alcoa Incorporated (NYSE:AA)