** Shares of Buru Energy BRU.AX rise 13.9% to A$0.041, their highest levels since February 21

** The diversified energy co announces an agreement to develop its Rafael gas project in Western Australia with private co Clean Energy Fuels Australia $(CEFA)$

** Stock posts its biggest percentage gain since January 20

** Stock sees its busiest day since last October

** BRU stock up 2.5% YTD, including moves in current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))