Buru Energy Limited, a Perth-based oil and gas exploration and production company, reported Thursday that at a meeting on April 1, the Yawuru People authorized entry into an Indigenous Land Use Agreement with the Buru Energy/Mitsubishi Corporation Joint Venture in respect of the Ungani Oil Field in the Canning Basin, Western Australia.
Buru Energy is expecting the Indigenous Land Use Agreement to be executed shortly and will provide a further update in due course.
The conventional Ungani Oil Field project, located in Exploration Permit 391, is a 50-50 joint venture between Buru Energy and Japan's Mitsubishi Corporation.
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