Buru / Mitsubishi Joint Venture Sign Agreement with Western Australia's State Government

PERTH, AUSTRALIA--November 12, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--ASX Listed Australian energy company Buru Energy Limited (Perth, Australia) and joint venture partner Mitsubishi Corporation (OTC:MSBHY) (Tokyo, Japan) have signed an agreement with the Western Australian state government to develop the unconventional gas reserves in the Canning Basin. The agreement allows the joint venture partners to continue to explore for gas in the environmentally sensitive Kimberley region of Western Australia and to build a 600-kilometer, $520 million natural gas pipeline to Port Headland.