Sabre Energy reposted this
Buru Energy has entered into a farmout agreement with Sabre Energy for the drilling of the Rafael oil target in the Canning Basin, Western Australia. #energy #oilandgas
External link for Sabre Energy
Toowoomba, QLD, AU
Sabre Energy reposted this
Buru Energy has entered into a farmout agreement with Sabre Energy for the drilling of the Rafael oil target in the Canning Basin, Western Australia. #energy #oilandgas
Congratulations to our trusted partners, Buru Energy and Silver City Drilling, on executing this multi-well Letter of Intent (LOI) for SCD Rig #24. Buru’s LOI with Silver City Drilling marks an important milestone towards drilling of the Buru/Sabre JV Mars and Rafael oil wells in WA’s Canning Basin. Sabre Energy’s Managing Director and CEO Regie Estabillo said: “Securing a drilling rig is the largest critical path item required to commence drilling, the execution of the LOI for SCD Rig #24 allows the Joint Venture to forge ahead with its high impact 2024 Canning Basin exploration program. Success at Rafael Shallows-1 and Mars-1 will be transformative for the ongoing development of the Kimberly. Sabre Energy is committed to investing in the Kimberly as a trusted partner to all our stakeholders.” Allan Bougoure Regie Estabillo Guido Stangherlin Leslie Atkinson Sarah Harris Emma Madden Cr Sophie Bougoure Adrian Wall Canh Nguyen Viv Oldfield
Sabre Energy reposted this
Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has inked a farm-in deal with Sabre Energy Pty Ltd to fund drilling of the high-impact Rafael Shallow #oil target in licence EP 428, part of Western Australia’s onshore Canning Basin. Sabre will full carry Buru for $6 million in drilling and testing costs to earn a 50% interest in a commercial discovery and subsequent production licence, with Buru maintaining a 50% interest and control over operations on-site. Should the two companies identify a commercial discovery, Sabre will pay an additional $1.5 million to Buru based on previous exploration expenditure. Buru has assessed the Rafael Shallow target to have prospective resource volumes of recoverable oil between 3.2 million stock tank barrels (MMstb) and 79 MMstb, with a best estimate of 19 million barrels. More at #Proactive #ProactiveInvestors #Energy #OilandGas #CrudeOil #CanningBasin http://ow.ly/4GCU105Enen
Sabre Energy is pleased to announce that it has farmed into Rafael Shallow Oil EP428. This represents a significant increase in Sabre's portfolio in the Canning Basin. Commenting on the announcement Managing Director of Sabre Energy Regie Estabillo said: “This Transaction shows that, like Buru Energy, we are enthusiastic about the onshore Canning Basin and are prepared to invest in the drill bit to create value for our venture with Buru. We are looking forward to the drilling program planned for later this year and are quickly building our own organisational capability to support Buru as operator of Rafael Shallow, and our future operatorship of the Ungani Oilfield.” Sabre Energy would also like to thank its trusted partner Thomas Nador and his team at Buru Energy. The execution of the Rafael Shallows farm-in agreement marks a significant expansion of the relationship between Sabre and Buru. Allan Bougoure Guido Stangherlin Regie Estabillo Leslie Atkinson Sarah Harris Emma Madden Cr Sophie Bougoure Canh Nguyen Wall, Adrian
Sabre Energy reposted this
WE ARE LIVE! Sabre Energy is excited to announce the launch of our website today! www.sabreenergy.com.au
WE ARE LIVE! Sabre Energy is excited to announce the launch of our website today! www.sabreenergy.com.au
Sabre Energy is pleased to announce that it has executed transaction documents for the purchase of PL 98 (Inland Oilfield) and a farm-in agreement for ATP 2022 with Bridgeport Energy Limited. This is an important milestone for Sabre Energy, the acquisition of the Inland Oilfield is of commercial significance, as it provides a solid platform for future growth. PL 98 (Inland Oilfield) and ATP 2022 represents Sabre Energy's foundational asset as it continues to grow a first-class energy portfolio in the Cooper/Eromanga Basin. Congratulations to the teams at Sabre Energy and Bridgeport Energy Limited, for all the effort. Allan Bougoure Regie Estabillo Guido Stangherlin Leslie Atkinson Emma Madden Sarah Harris Cr Sophie Bougoure Wall, Adrian Canh Nguyen
Sabre Energy reposted this
Buru Energy has entered into a farm-in agreement with Sabre Energy for the Ungani oil field in Western Australia’s Canning basin. #energy #oilandgas #canningbasin
Sabre Energy Pty Limited (Sabre) is pleased to announce that it has entered into a Farm-in Agreement (FIA) with Buru Energy Limited (Buru, Company) (ASX: BRU) for the Ungani Oilfield in Western Australia’s Canning Basin. Sabre’s latest partnership with Buru represents an exciting addition to the company’s growing portfolio of first-class resources assets. Allan Bougoure Guido Stangherlin Leslie Atkinson Sarah Harris Wall, Adrian Ralph Hudson Adam Sommerfeld
Sabre Energy reposted this
Sabre Energy is pleased to announce the signing of a groundbreaking farmout agreement with Vintage Energy, marking a significant milestone in our exploration endeavors. Under this agreement, Sabre Energy will acquire a substantial 50% interest in the South Australian Cooper Basin exploration license PELA 679, once granted, demonstrating a strategic alignment of vision and resources. Backed by an executive team with vast experience in the oil and gas sector, Sabre Energy will initially fund a comprehensive 150 km2 3D seismic survey, underscoring their commitment to advancing exploration efforts in the region. Situated on the esteemed western flank of the Cooper Basin, PELA 679 holds immense promise, positioned southwest of the prolific Worrior oil field, which boasts strong production history and on the edge of untapped reserves Permian and Jurassic fields, offering a compelling opportunity for both companies. Allan Bougoure, Regie Estabillo, Guido Stangherlin, Leslie Atkinson, Adam Sommerfeld