Buru Energy (ASX: BRU) has pushed back drilling at its Rafael Gas Project in Western Australia to June 2026, to accommodate planning and preparation for their well programs, according to a Thursday filing with the Australian bourse.
The company determined it is optimal to first drill, complete, and production test the Rafael B well, followed by the recompletion of the Rafael 1 well at the project.
The Final Investment Decision for the project has also been pushed to the early third quarter of next year, though first gas production remains on track for late 2027.
Shares of the company fell past 8% at market close.
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