BRU 3.75% 7.7¢ buru energy limited

Ann: Operations Update, page-116

  1. 11,942 Posts.
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    Hey Goss.
    I estimate they will be sitting on about $30m for Sept 30.
    (though it could be higher, with more costs to come in the Dec Q).
    Either way, ORG are paying the lions share of costs, though I dare say Rafa is going to be perhaps 10% over if it keeps wearing out the drill bits.
    I think you numbers are fine for production, albeit, it will be slowly declining.
    2022 should be covered, even with drilling occurring outside the Canning basin (but impossible to know for sure, as BRU is suddenly more than an oil exploration company). As for the quarterly... I feel on average, it will be an interesting read, but... not a price mover at all. Would be great to see some movement on activities outside the Canning (just from an interest perspective).

    At this stage, I can almost chuckle at the amount of times I have had the share price fall this heavily in the past 11 years eek.pngredface.pngcool.png
    (and no... I don't enjoy seeing it fall!). Though I suppose, that is because BRU has drilled quite a lot of wells, compared to... well... any other ASX based explorer.

    We are only here once and I have pretty much decided a while I ago, I was with Eric on trying to crack the Canning... whatever the outcome. Not sound financial advice, but Buru is basically my vice now! wink.png

    Good luck to all holders... Rafa would likely change lives it's a discovery, but... most know, the chances are low.
 
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