BRU 8.97% 8.5¢ buru energy limited

Ann: Operations Update - Rafael 1 Exploration Well, page-36

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    This is the closest to another big commercial success they've been in about a decade, it's worth getting excited if it's tempered with the reality it still needs flow tests (and the reality of the capex/time involved in commercializing any gas). I wasn't really expecting obvious oil even though it appears most were so the market might not really rate it yet, but I expect it to wake up if flow tests are successful and once the size of the find and the amount of associated liquids is estimated. I still think half the posters here don't really understand how positive a conventional wet gas success here is. But I suppose I'm looking at it in a more holistic "overall Canning" basis. If you're just looking for that juicy oil hit to dip out then yeah, understandable.
    Last edited by stockle_andrew: 17/11/21
 
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