BRU
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1.49% 6.8¢ buru energy limited

Ann: Weekly Drilling Report - Ungani 5, page-77

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  1. Dozen
    1,959 Posts.
    lightbulb Created with Sketch. 499
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    29/12/17
    07:05
    Post #: 29921903
    Add in UW & UN with ESP's idling at 900 bopd and that is 7x900=6,00 bopd for a while. It is easy to see how BRU could get into a virtuous circle from this point on by reinvesting retained earnings into more focussed exploration and development, once they overcome the capacity constraints in moving the oil to port, storage and shipping - hence the Broome option and at least getting the pipeline to the main road installed. This way I can see them finally achieving their original dream below.

    Ungani oil development rate.jpg
    BRU Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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