There are enough funds to sole risk Rafa Shallow and Ungani Nth if necessary, but they have indicated that they will seek to farm out part of the prospect. The main thing is not to get diverted from drilling this year. If drilling results in proving a likely best estimate of 190MmBls of lovely light oil, then at that stage I wouldn't object to a cap raise as there are well trodden short-term and medium-term paths to monetisation.
Success here would put BRU in a stronger negotiating position for Rafa Deep. All good news as far as I can see.
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There are enough funds to sole risk Rafa Shallow and Ungani Nth...
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Last
9.2¢ |
Change
0.002(2.22%) |
Mkt cap ! $60.42M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.2¢ | 8.9¢ | $25.5K | 283.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10018 | 8.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 362488 | 5 |
View Market Depth
| Last trade - 15.06pm 11/06/2024 (20 minute delay) ? |
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Last
9.2¢ |
Change
0.002 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 9.1¢ | 9.2¢ | 9.0¢ | 98139 | ||
| Last updated 15.58pm 11/06/2024 ? | |||||
| BRU (ASX) Chart |