Buru Energy chief executive officer Thomas Nador said: "I am pleased to report to our shareholders that Buru continues to execute its plan to commercialise its Rafael gas and condensate discovery through discipline and good capital management. Committing to the purchase of key Long Lead items in support of appraisal activities in 2024, whilst maintaining a strong balance sheet during the strategic partner selection process are key to protecting and enhancing value as we progress toward being a gas developer and supplier in Western Australia."