BRU 1.14% 8.7¢ buru energy limited

Ann: Rafael 3D Seismic Survey Early Insights Update, page-242

  1. 1,013 Posts.
    lightbulb Created with Sketch. 101
    20% is probably correct. Still so early in the development phase. So many hurdles to jump until first gas!

    I though this summary from the MST report was quite good. Particularly the societal pressure one. Talking from first hand experience, people have really lost thier mind with this stuff.

    Risks
    Buru will require additional capital to advance its projects, and this may not be available. Rafael appraisal may result in lower resources, and development options are reliant on gas markets, which are competitive and where prices are volatile. As a fossil fuel producer Buru faces societal pressure. Plans to exploit Hydrogen and CCS may not be feasible.
    Last edited by seanshare: 01/03/24
 
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